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%14.2%
1 years$189,932$188,240$186,589$184,978$183,405$180,219
2 years$94,026$92,275$90,577$88,932$87,336$84,136
3 years$62,061$60,302$58,610$56,980$55,409$52,295
4 years$46,082$44,329$42,653$41,051$39,518$36,515
5 years$36,497$34,754$33,100$31,531$30,041$27,156
6 years$30,109$28,379$26,750$25,215$23,771$21,008
7 years$25,548$23,833$22,229$20,731$19,332$16,692
8 years$22,129$20,429$18,852$17,391$16,038$13,520
9 years$19,471$17,787$16,237$14,813$13,506$11,109
10 years$17,346$15,679$14,156$12,769$11,508$9,229
11 years$15,608$13,958$12,463$11,113$9,897$7,735
12 years$14,161$12,528$11,060$9,747$8,577$6,528
13 years$12,938$11,321$9,882$8,606$7,479$5,540
14 years$11,890$10,291$8,879$7,639$6,556$4,724
15 years$10,983$9,401$8,016$6,813$5,772$4,044
16 years$10,190$8,625$7,268$6,100$5,102$3,473
17 years$9,491$7,943$6,614$5,481$4,524$2,991
18 years$8,870$7,340$6,037$4,939$4,022$2,581
19 years$8,316$6,803$5,527$4,463$3,585$2,232
20 years$7,817$6,321$5,072$4,042$3,202$1,934
21 years$7,366$5,888$4,666$3,669$2,866$1,678
22 years$6,957$5,496$4,300$3,336$2,569$1,457
23 years$6,585$5,141$3,970$3,038$2,306$1,267
24 years$6,243$4,816$3,672$2,771$2,072$1,103
25 years$5,930$4,520$3,401$2,530$1,865$960
26 years$5,641$4,248$3,154$2,314$1,680$837
27 years$5,374$3,998$2,929$2,118$1,514$730
28 years$5,126$3,767$2,723$1,940$1,367$637
29 years$4,896$3,554$2,534$1,779$1,234$556
30 years$4,682$3,356$2,360$1,633$1,115$486
31 years$4,482$3,173$2,200$1,500$1,008$424
32 years$4,294$3,002$2,053$1,378$912$371
33 years$4,119$2,843$1,917$1,267$825$324
34 years$3,954$2,695$1,791$1,166$747$283
35 years$3,799$2,556$1,674$1,073$677$248
36 years$3,653$2,426$1,566$989$613$217
37 years$3,515$2,304$1,466$911$556$190
38 years$3,385$2,190$1,373$840$504$166
39 years$3,261$2,082$1,286$774$457$145
40 years$3,144$1,981$1,206$714$414$127
41 years$3,034$1,886$1,131$659$376$111
42 years$2,928$1,796$1,060$608$341$97
43 years$2,828$1,711$995$561$310$85
44 years$2,733$1,631$934$518$281$74
45 years$2,642$1,555$877$479$255$65
46 years$2,555$1,484$824$442$232$57
47 years$2,473$1,416$774$408$210$50
48 years$2,393$1,352$727$377$191$44
49 years$2,318$1,291$684$349$173$38
50 years$2,246$1,233$643$322$158$34

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 $6,785 every year, while hoping to spend $34,867 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: 32/43/25 Blend
64$2,300,000$2,300,000$2,300,000$2,300,000
65$2,541,599$2,419,699$2,384,049$2,603,267
66$2,763,744$2,501,166$2,426,816$2,732,139
67$3,007,379$2,585,456$2,469,848$2,867,266
68$3,274,659$2,672,671$2,513,115$3,012,114
69$3,567,959$2,762,916$2,556,589$3,167,560
70$3,889,892$2,856,301$2,600,237$3,334,567
71$4,243,340$2,952,939$2,644,024$3,514,193
72$4,631,475$3,052,947$2,687,913$3,707,600
73$5,057,792$3,156,448$2,731,864$3,916,066
74$5,526,142$3,263,569$2,775,837$4,140,996
75$6,040,766$3,374,441$2,819,784$4,383,931
76$6,606,336$3,489,201$2,863,659$4,646,571
77$7,228,001$3,607,991$2,907,411$4,930,780
78$7,911,432$3,730,957$2,950,984$5,238,612
79$8,662,878$3,858,254$2,994,321$5,572,324
80$9,489,222$3,990,039$3,037,362$5,934,400
81$10,398,049$4,126,477$3,080,040$6,327,571
82$11,397,716$4,267,740$3,122,287$6,754,844
83$12,497,430$4,414,006$3,164,030$7,219,528
84$13,707,334$4,565,459$3,205,192$7,725,262
85$15,038,606$4,722,291$3,245,690$8,276,055
86$16,503,562$4,884,701$3,285,439$8,876,316
87$18,115,770$5,052,896$3,324,345$9,530,900
88$19,890,182$5,227,091$3,362,314$10,245,152
89$21,843,272$5,407,510$3,399,243$11,024,957
90$23,993,192$5,594,384$3,435,024$11,876,791
91$26,359,944$5,787,956$3,469,544$12,807,789
92$28,965,567$5,988,475$3,502,683$13,825,804
93$31,834,347$6,196,202$3,534,315$14,939,485
94$34,993,043$6,411,408$3,564,307$16,158,357
95$38,471,140$6,634,374$3,592,518$17,492,908
96$42,301,131$6,865,393$3,618,802$18,954,692
97$46,518,818$7,104,769$3,643,003$20,556,429
98$51,163,652$7,352,817$3,664,959$22,312,133
99$56,279,107$7,609,868$3,684,498$24,237,239
100$61,913,087$7,876,262$3,701,439$26,348,747