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

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 $2,320,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.6%
1 years$191,583$189,877$188,212$186,587$185,000$180,017
2 years$94,843$93,077$91,365$89,705$88,095$83,110
3 years$62,601$60,827$59,119$57,475$55,891$51,061
4 years$46,483$44,714$43,024$41,408$39,862$35,223
5 years$36,814$35,056$33,388$31,805$30,303$25,867
6 years$30,371$28,626$26,983$25,435$23,977$19,751
7 years$25,770$24,040$22,423$20,911$19,500$15,482
8 years$22,321$20,607$19,016$17,542$16,177$12,366
9 years$19,640$17,942$16,379$14,942$13,624$10,015
10 years$17,497$15,815$14,279$12,880$11,608$8,198
11 years$15,744$14,079$12,571$11,209$9,983$6,767
12 years$14,284$12,637$11,157$9,832$8,651$5,622
13 years$13,050$11,420$9,968$8,680$7,544$4,696
14 years$11,994$10,380$8,956$7,705$6,613$3,939
15 years$11,078$9,483$8,086$6,872$5,823$3,316
16 years$10,278$8,700$7,331$6,153$5,146$2,800
17 years$9,573$8,013$6,671$5,528$4,563$2,370
18 years$8,947$7,404$6,090$4,982$4,057$2,010
19 years$8,388$6,862$5,575$4,502$3,616$1,707
20 years$7,885$6,376$5,116$4,077$3,230$1,452
21 years$7,431$5,939$4,706$3,700$2,891$1,237
22 years$7,018$5,544$4,337$3,365$2,591$1,055
23 years$6,642$5,185$4,005$3,064$2,326$900
24 years$6,298$4,858$3,704$2,795$2,090$769
25 years$5,981$4,559$3,430$2,552$1,881$657
26 years$5,690$4,285$3,182$2,334$1,694$561
27 years$5,420$4,033$2,954$2,136$1,528$480
28 years$5,171$3,800$2,746$1,957$1,378$411
29 years$4,939$3,585$2,556$1,795$1,245$352
30 years$4,723$3,386$2,381$1,647$1,125$301
31 years$4,521$3,200$2,219$1,513$1,017$258
32 years$4,332$3,028$2,071$1,390$920$221
33 years$4,155$2,868$1,933$1,278$832$189
34 years$3,989$2,718$1,807$1,176$754$162
35 years$3,832$2,578$1,689$1,083$683$139
36 years$3,685$2,447$1,580$997$618$119
37 years$3,546$2,324$1,479$919$561$102
38 years$3,414$2,209$1,385$847$508$88
39 years$3,290$2,100$1,297$781$461$75
40 years$3,172$1,998$1,216$720$418$64
41 years$3,060$1,902$1,140$665$379$55
42 years$2,954$1,811$1,070$613$344$47
43 years$2,853$1,726$1,004$566$312$41
44 years$2,756$1,645$942$523$283$35
45 years$2,665$1,569$885$483$257$30
46 years$2,577$1,497$831$446$234$26
47 years$2,494$1,428$781$412$212$22
48 years$2,414$1,363$734$381$193$19
49 years$2,338$1,302$690$352$175$16
50 years$2,265$1,244$648$325$159$14

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 $3,431 every year, while hoping to spend $54,976 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: 35/41/24 Blend
64$2,320,000$2,320,000$2,320,000$2,320,000
65$2,560,179$2,437,219$2,401,259$2,631,067
66$2,762,823$2,498,149$2,423,207$2,744,836
67$2,984,295$2,560,221$2,444,048$2,862,241
68$3,226,456$2,623,435$2,463,686$2,987,822
69$3,491,356$2,687,786$2,482,022$3,122,344
70$3,781,255$2,753,267$2,498,950$3,266,649
71$4,098,637$2,819,872$2,514,359$3,421,664
72$4,446,240$2,887,588$2,528,133$3,588,413
73$4,827,080$2,956,403$2,540,148$3,768,021
74$5,244,476$3,026,300$2,550,277$3,961,732
75$5,702,085$3,097,261$2,558,384$4,170,913
76$6,203,934$3,169,264$2,564,326$4,397,073
77$6,754,459$3,242,282$2,567,955$4,641,875
78$7,358,547$3,316,286$2,569,114$4,907,153
79$8,021,577$3,391,243$2,567,638$5,194,927
80$8,749,480$3,467,115$2,563,355$5,507,424
81$9,548,784$3,543,861$2,556,085$5,847,102
82$10,426,683$3,621,433$2,545,637$6,216,666
83$11,391,101$3,699,780$2,531,812$6,619,102
84$12,450,768$3,778,844$2,514,403$7,057,702
85$13,615,301$3,858,562$2,493,190$7,536,092
86$14,895,295$3,938,865$2,467,945$8,058,273
87$16,302,422$4,019,676$2,438,428$8,628,656
88$17,849,542$4,100,913$2,404,389$9,252,102
89$19,550,823$4,182,486$2,365,563$9,933,972
90$21,421,875$4,264,295$2,321,677$10,680,176
91$23,479,894$4,346,234$2,272,442$11,497,231
92$25,743,831$4,428,187$2,217,556$12,392,320
93$28,234,563$4,510,029$2,156,706$13,373,365
94$30,975,093$4,591,625$2,089,559$14,449,097
95$33,990,765$4,672,828$2,015,773$15,629,145
96$37,309,507$4,753,480$1,934,985$16,924,122
97$40,962,089$4,833,412$1,846,819$18,345,730
98$44,982,415$4,912,442$1,750,880$19,906,871
99$49,407,843$4,990,374$1,646,756$21,621,766
100$54,279,537$5,066,996$1,534,017$23,506,097