Can I retire at age 65 with 2,280,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $2,280,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.3%
1 years$188,280$186,603$184,967$183,370$181,810$175,709
2 years$93,208$91,472$89,790$88,159$86,576$80,490
3 years$61,521$59,778$58,100$56,484$54,928$49,047
4 years$45,681$43,943$42,282$40,694$39,175$33,545
5 years$36,180$34,452$32,812$31,257$29,780$24,415
6 years$29,847$28,133$26,517$24,996$23,564$18,469
7 years$25,326$23,626$22,036$20,551$19,164$14,338
8 years$21,936$20,252$18,688$17,239$15,898$11,338
9 years$19,302$17,633$16,096$14,684$13,389$9,088
10 years$17,195$15,542$14,033$12,658$11,408$7,361
11 years$15,472$13,836$12,354$11,016$9,811$6,009
12 years$14,038$12,419$10,964$9,663$8,502$4,937
13 years$12,825$11,223$9,796$8,531$7,414$4,076
14 years$11,787$10,201$8,802$7,573$6,499$3,380
15 years$10,887$9,319$7,947$6,753$5,722$2,811
16 years$10,101$8,550$7,205$6,047$5,057$2,345
17 years$9,408$7,874$6,556$5,433$4,484$1,960
18 years$8,793$7,276$5,985$4,896$3,987$1,641
19 years$8,243$6,744$5,479$4,424$3,554$1,376
20 years$7,749$6,266$5,028$4,007$3,174$1,156
21 years$7,302$5,837$4,625$3,637$2,841$972
22 years$6,897$5,449$4,263$3,307$2,546$817
23 years$6,527$5,096$3,936$3,011$2,286$688
24 years$6,189$4,775$3,640$2,747$2,054$580
25 years$5,878$4,481$3,371$2,508$1,849$489
26 years$5,592$4,211$3,127$2,293$1,665$412
27 years$5,327$3,963$2,903$2,099$1,501$348
28 years$5,082$3,734$2,699$1,923$1,355$294
29 years$4,854$3,523$2,512$1,764$1,223$248
30 years$4,641$3,327$2,340$1,619$1,105$209
31 years$4,443$3,145$2,181$1,487$999$177
32 years$4,257$2,976$2,035$1,366$904$149
33 years$4,083$2,818$1,900$1,256$818$126
34 years$3,920$2,671$1,775$1,156$741$106
35 years$3,766$2,534$1,660$1,064$671$90
36 years$3,621$2,405$1,553$980$608$76
37 years$3,484$2,284$1,453$903$551$64
38 years$3,355$2,171$1,361$832$499$54
39 years$3,233$2,064$1,275$767$453$46
40 years$3,117$1,964$1,195$708$411$39
41 years$3,007$1,869$1,121$653$373$33
42 years$2,903$1,780$1,051$603$338$28
43 years$2,803$1,696$986$556$307$23
44 years$2,709$1,617$926$514$279$20
45 years$2,619$1,542$869$474$253$17
46 years$2,533$1,471$817$438$230$14
47 years$2,451$1,404$767$405$209$12
48 years$2,373$1,340$721$374$189$10
49 years$2,298$1,280$678$346$172$9
50 years$2,226$1,222$637$320$156$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $2,280,000, adding $3,760 every year, while hoping to spend $58,398 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 73/12/15 Blend
64$2,280,000$2,280,000$2,280,000$2,280,000
65$2,516,438$2,395,598$2,360,258$2,691,500
66$2,710,980$2,450,848$2,377,192$2,863,216
67$2,923,408$2,506,847$2,392,736$3,043,732
68$3,155,484$2,563,571$2,406,781$3,239,918
69$3,409,150$2,620,993$2,419,215$3,453,315
70$3,686,541$2,679,080$2,429,917$3,685,620
71$3,990,011$2,737,797$2,438,761$3,938,701
72$4,322,149$2,797,106$2,445,617$4,214,617
73$4,685,808$2,856,963$2,450,344$4,515,634
74$5,084,128$2,917,322$2,452,798$4,844,253
75$5,520,568$2,978,130$2,452,826$5,203,224
76$5,998,937$3,039,330$2,450,267$5,595,581
77$6,523,432$3,100,860$2,444,954$6,024,666
78$7,098,671$3,162,652$2,436,710$6,494,158
79$7,729,746$3,224,631$2,425,349$7,008,116
80$8,422,261$3,286,719$2,410,679$7,571,008
81$9,182,391$3,348,828$2,392,496$8,187,759
82$10,016,937$3,410,863$2,370,588$8,863,797
83$10,933,392$3,472,723$2,344,730$9,605,102
84$11,940,010$3,534,298$2,314,691$10,418,263
85$13,045,883$3,595,470$2,280,224$11,310,542
86$14,261,026$3,656,111$2,241,074$12,289,941
87$15,596,474$3,716,084$2,196,974$13,365,279
88$17,064,384$3,775,242$2,147,642$14,546,274
89$18,678,148$3,833,426$2,092,785$15,843,633
90$20,452,522$3,890,467$2,032,097$17,269,159
91$22,403,762$3,946,183$1,965,255$18,835,857
92$24,549,779$4,000,378$1,891,924$20,558,058
93$26,910,306$4,052,846$1,811,752$22,451,558
94$29,507,084$4,103,363$1,724,373$24,533,761
95$32,364,070$4,151,691$1,629,403$26,823,851
96$35,507,657$4,197,575$1,526,440$29,342,966
97$38,966,927$4,240,746$1,415,064$32,114,402
98$42,773,923$4,280,912$1,294,839$35,163,833
99$46,963,953$4,317,766$1,165,306$38,519,554
100$51,575,919$4,350,980$1,025,986$42,212,744