Can I retire at age 65 with 2,300,000?

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 $2,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.6%
1 years$189,932$188,240$186,589$184,978$183,405$178,465
2 years$94,026$92,275$90,577$88,932$87,336$82,394
3 years$62,061$60,302$58,610$56,980$55,409$50,620
4 years$46,082$44,329$42,653$41,051$39,518$34,919
5 years$36,497$34,754$33,100$31,531$30,041$25,644
6 years$30,109$28,379$26,750$25,215$23,771$19,581
7 years$25,548$23,833$22,229$20,731$19,332$15,349
8 years$22,129$20,429$18,852$17,391$16,038$12,259
9 years$19,471$17,787$16,237$14,813$13,506$9,929
10 years$17,346$15,679$14,156$12,769$11,508$8,128
11 years$15,608$13,958$12,463$11,113$9,897$6,708
12 years$14,161$12,528$11,060$9,747$8,577$5,574
13 years$12,938$11,321$9,882$8,606$7,479$4,656
14 years$11,890$10,291$8,879$7,639$6,556$3,905
15 years$10,983$9,401$8,016$6,813$5,772$3,288
16 years$10,190$8,625$7,268$6,100$5,102$2,776
17 years$9,491$7,943$6,614$5,481$4,524$2,349
18 years$8,870$7,340$6,037$4,939$4,022$1,992
19 years$8,316$6,803$5,527$4,463$3,585$1,692
20 years$7,817$6,321$5,072$4,042$3,202$1,440
21 years$7,366$5,888$4,666$3,669$2,866$1,226
22 years$6,957$5,496$4,300$3,336$2,569$1,046
23 years$6,585$5,141$3,970$3,038$2,306$892
24 years$6,243$4,816$3,672$2,771$2,072$762
25 years$5,930$4,520$3,401$2,530$1,865$651
26 years$5,641$4,248$3,154$2,314$1,680$557
27 years$5,374$3,998$2,929$2,118$1,514$476
28 years$5,126$3,767$2,723$1,940$1,367$407
29 years$4,896$3,554$2,534$1,779$1,234$349
30 years$4,682$3,356$2,360$1,633$1,115$299
31 years$4,482$3,173$2,200$1,500$1,008$256
32 years$4,294$3,002$2,053$1,378$912$219
33 years$4,119$2,843$1,917$1,267$825$188
34 years$3,954$2,695$1,791$1,166$747$161
35 years$3,799$2,556$1,674$1,073$677$138
36 years$3,653$2,426$1,566$989$613$118
37 years$3,515$2,304$1,466$911$556$101
38 years$3,385$2,190$1,373$840$504$87
39 years$3,261$2,082$1,286$774$457$74
40 years$3,144$1,981$1,206$714$414$64
41 years$3,034$1,886$1,131$659$376$55
42 years$2,928$1,796$1,060$608$341$47
43 years$2,828$1,711$995$561$310$40
44 years$2,733$1,631$934$518$281$34
45 years$2,642$1,555$877$479$255$30
46 years$2,555$1,484$824$442$232$25
47 years$2,473$1,416$774$408$210$22
48 years$2,393$1,352$727$377$191$19
49 years$2,318$1,291$684$349$173$16
50 years$2,246$1,233$643$322$158$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $2,300,000, adding $6,261 every year, while hoping to spend $55,144 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: 37/48/15 Blend
64$2,300,000$2,300,000$2,300,000$2,300,000
65$2,541,058$2,419,158$2,383,508$2,623,261
66$2,741,573$2,479,024$2,404,683$2,742,762
67$2,960,693$2,539,975$2,424,719$2,866,025
68$3,200,256$2,602,007$2,443,520$2,997,980
69$3,462,288$2,665,111$2,460,984$3,139,433
70$3,749,020$2,729,279$2,477,004$3,291,272
71$4,062,905$2,794,500$2,491,469$3,454,477
72$4,406,649$2,860,757$2,504,261$3,630,123
73$4,783,228$2,928,035$2,515,255$3,819,397
74$5,195,922$2,996,314$2,524,320$4,023,606
75$5,648,342$3,065,569$2,531,321$4,244,190
76$6,144,465$3,135,775$2,536,113$4,482,734
77$6,688,673$3,206,901$2,538,546$4,740,987
78$7,285,791$3,278,912$2,538,460$5,020,873
79$7,941,133$3,351,770$2,535,690$5,324,517
80$8,660,554$3,425,432$2,530,061$5,654,254
81$9,450,503$3,499,851$2,521,390$6,012,664
82$10,318,084$3,574,973$2,509,486$6,402,587
83$11,271,122$3,650,740$2,494,148$6,827,153
84$12,318,239$3,727,089$2,475,164$7,289,812
85$13,468,932$3,803,949$2,452,315$7,794,368
86$14,733,664$3,881,243$2,425,368$8,345,012
87$16,123,962$3,958,888$2,394,082$8,946,366
88$17,652,526$4,036,793$2,358,203$9,603,522
89$19,333,346$4,114,859$2,317,466$10,322,094
90$21,181,839$4,192,978$2,271,592$11,108,271
91$23,214,987$4,271,034$2,220,291$11,968,875
92$25,451,503$4,348,903$2,163,258$12,911,425
93$27,912,004$4,426,447$2,100,175$13,944,210
94$30,619,207$4,503,521$2,030,709$15,076,367
95$33,598,139$4,579,967$1,954,512$16,317,968
96$36,876,380$4,655,616$1,871,218$17,680,118
97$40,484,315$4,730,285$1,780,449$19,175,054
98$44,455,426$4,803,780$1,681,804$20,816,268
99$48,826,604$4,875,889$1,574,869$22,618,634
100$53,638,498$4,946,389$1,459,208$24,598,545