Can I retire at age 65 with 2,320,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $2,320,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.6%
1 years$191,583$189,877$188,212$186,587$185,000$179,293
2 years$94,843$93,077$91,365$89,705$88,095$82,396
3 years$62,601$60,827$59,119$57,475$55,891$50,378
4 years$46,483$44,714$43,024$41,408$39,862$34,577
5 years$36,814$35,056$33,388$31,805$30,303$25,260
6 years$30,371$28,626$26,983$25,435$23,977$19,181
7 years$25,770$24,040$22,423$20,911$19,500$14,951
8 years$22,321$20,607$19,016$17,542$16,177$11,871
9 years$19,640$17,942$16,379$14,942$13,624$9,557
10 years$17,497$15,815$14,279$12,880$11,608$7,774
11 years$15,744$14,079$12,571$11,209$9,983$6,376
12 years$14,284$12,637$11,157$9,832$8,651$5,262
13 years$13,050$11,420$9,968$8,680$7,544$4,366
14 years$11,994$10,380$8,956$7,705$6,613$3,637
15 years$11,078$9,483$8,086$6,872$5,823$3,040
16 years$10,278$8,700$7,331$6,153$5,146$2,549
17 years$9,573$8,013$6,671$5,528$4,563$2,141
18 years$8,947$7,404$6,090$4,982$4,057$1,802
19 years$8,388$6,862$5,575$4,502$3,616$1,520
20 years$7,885$6,376$5,116$4,077$3,230$1,283
21 years$7,431$5,939$4,706$3,700$2,891$1,084
22 years$7,018$5,544$4,337$3,365$2,591$917
23 years$6,642$5,185$4,005$3,064$2,326$777
24 years$6,298$4,858$3,704$2,795$2,090$658
25 years$5,981$4,559$3,430$2,552$1,881$558
26 years$5,690$4,285$3,182$2,334$1,694$473
27 years$5,420$4,033$2,954$2,136$1,528$401
28 years$5,171$3,800$2,746$1,957$1,378$341
29 years$4,939$3,585$2,556$1,795$1,245$289
30 years$4,723$3,386$2,381$1,647$1,125$246
31 years$4,521$3,200$2,219$1,513$1,017$209
32 years$4,332$3,028$2,071$1,390$920$177
33 years$4,155$2,868$1,933$1,278$832$151
34 years$3,989$2,718$1,807$1,176$754$128
35 years$3,832$2,578$1,689$1,083$683$109
36 years$3,685$2,447$1,580$997$618$92
37 years$3,546$2,324$1,479$919$561$79
38 years$3,414$2,209$1,385$847$508$67
39 years$3,290$2,100$1,297$781$461$57
40 years$3,172$1,998$1,216$720$418$48
41 years$3,060$1,902$1,140$665$379$41
42 years$2,954$1,811$1,070$613$344$35
43 years$2,853$1,726$1,004$566$312$30
44 years$2,756$1,645$942$523$283$25
45 years$2,665$1,569$885$483$257$21
46 years$2,577$1,497$831$446$234$18
47 years$2,494$1,428$781$412$212$15
48 years$2,414$1,363$734$381$193$13
49 years$2,338$1,302$690$352$175$11
50 years$2,265$1,244$648$325$159$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $2,320,000, adding $3,597 every year, while hoping to spend $46,255 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: 30/42/28 Blend
64$2,320,000$2,320,000$2,320,000$2,320,000
65$2,560,350$2,437,390$2,401,430$2,615,018
66$2,772,291$2,507,607$2,432,663$2,728,266
67$3,004,300$2,579,715$2,463,392$2,845,723
68$3,258,374$2,653,757$2,493,552$2,971,166
69$3,536,714$2,729,777$2,523,072$3,105,320
70$3,841,744$2,807,821$2,551,879$3,248,987
71$4,176,131$2,887,934$2,579,897$3,403,046
72$4,542,816$2,970,162$2,607,043$3,568,465
73$4,945,035$3,054,552$2,633,231$3,746,311
74$5,386,355$3,141,151$2,658,370$3,937,756
75$5,870,702$3,230,006$2,682,365$4,144,093
76$6,402,403$3,321,166$2,705,113$4,366,744
77$6,986,224$3,414,679$2,726,510$4,607,275
78$7,627,414$3,510,593$2,746,444$4,867,411
79$8,331,756$3,608,958$2,764,795$5,149,051
80$9,105,621$3,709,823$2,781,442$5,454,287
81$9,956,027$3,813,237$2,796,253$5,785,424
82$10,890,706$3,919,250$2,809,091$6,145,001
83$11,918,175$4,027,911$2,819,813$6,535,813
84$13,047,820$4,139,269$2,828,268$6,960,942
85$14,289,980$4,253,375$2,834,297$7,423,781
86$15,656,045$4,370,278$2,837,733$7,928,071
87$17,158,566$4,490,026$2,838,402$8,477,931
88$18,811,371$4,612,668$2,836,119$9,077,902
89$20,629,695$4,738,253$2,830,693$9,732,985
90$22,630,324$4,866,828$2,821,922$10,448,694
91$24,831,754$4,998,439$2,809,593$11,231,102
92$27,254,364$5,133,133$2,793,485$12,086,903
93$29,920,607$5,270,955$2,773,365$13,023,472
94$32,855,226$5,411,949$2,748,990$14,048,940
95$36,085,481$5,556,157$2,720,103$15,172,262
96$39,641,412$5,703,620$2,686,439$16,403,311
97$43,556,117$5,854,378$2,647,715$17,752,965
98$47,866,067$6,008,469$2,603,640$19,233,215
99$52,611,450$6,165,928$2,553,905$20,857,273
100$57,836,547$6,326,788$2,498,191$22,639,701