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%14.2%
1 years$191,583$189,877$188,212$186,587$185,000$181,786
2 years$94,843$93,077$91,365$89,705$88,095$84,867
3 years$62,601$60,827$59,119$57,475$55,891$52,750
4 years$46,483$44,714$43,024$41,408$39,862$36,832
5 years$36,814$35,056$33,388$31,805$30,303$27,392
6 years$30,371$28,626$26,983$25,435$23,977$21,190
7 years$25,770$24,040$22,423$20,911$19,500$16,837
8 years$22,321$20,607$19,016$17,542$16,177$13,637
9 years$19,640$17,942$16,379$14,942$13,624$11,205
10 years$17,497$15,815$14,279$12,880$11,608$9,310
11 years$15,744$14,079$12,571$11,209$9,983$7,802
12 years$14,284$12,637$11,157$9,832$8,651$6,585
13 years$13,050$11,420$9,968$8,680$7,544$5,589
14 years$11,994$10,380$8,956$7,705$6,613$4,765
15 years$11,078$9,483$8,086$6,872$5,823$4,079
16 years$10,278$8,700$7,331$6,153$5,146$3,503
17 years$9,573$8,013$6,671$5,528$4,563$3,017
18 years$8,947$7,404$6,090$4,982$4,057$2,604
19 years$8,388$6,862$5,575$4,502$3,616$2,252
20 years$7,885$6,376$5,116$4,077$3,230$1,951
21 years$7,431$5,939$4,706$3,700$2,891$1,692
22 years$7,018$5,544$4,337$3,365$2,591$1,470
23 years$6,642$5,185$4,005$3,064$2,326$1,278
24 years$6,298$4,858$3,704$2,795$2,090$1,112
25 years$5,981$4,559$3,430$2,552$1,881$969
26 years$5,690$4,285$3,182$2,334$1,694$844
27 years$5,420$4,033$2,954$2,136$1,528$736
28 years$5,171$3,800$2,746$1,957$1,378$643
29 years$4,939$3,585$2,556$1,795$1,245$561
30 years$4,723$3,386$2,381$1,647$1,125$490
31 years$4,521$3,200$2,219$1,513$1,017$428
32 years$4,332$3,028$2,071$1,390$920$374
33 years$4,155$2,868$1,933$1,278$832$327
34 years$3,989$2,718$1,807$1,176$754$286
35 years$3,832$2,578$1,689$1,083$683$250
36 years$3,685$2,447$1,580$997$618$219
37 years$3,546$2,324$1,479$919$561$191
38 years$3,414$2,209$1,385$847$508$167
39 years$3,290$2,100$1,297$781$461$146
40 years$3,172$1,998$1,216$720$418$128
41 years$3,060$1,902$1,140$665$379$112
42 years$2,954$1,811$1,070$613$344$98
43 years$2,853$1,726$1,004$566$312$86
44 years$2,756$1,645$942$523$283$75
45 years$2,665$1,569$885$483$257$66
46 years$2,577$1,497$831$446$234$58
47 years$2,494$1,428$781$412$212$50
48 years$2,414$1,363$734$381$193$44
49 years$2,338$1,302$690$352$175$39
50 years$2,265$1,244$648$325$159$34

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 $3,066 every year, while hoping to spend $30,569 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: 66/18/16 Blend
64$2,320,000$2,320,000$2,320,000$2,320,000
65$2,559,803$2,436,843$2,400,883$2,718,672
66$2,788,377$2,523,723$2,448,787$2,912,154
67$3,039,242$2,613,835$2,497,272$3,119,729
68$3,314,638$2,707,307$2,546,324$3,345,877
69$3,617,035$2,804,268$2,595,929$3,592,416
70$3,949,151$2,904,856$2,646,071$3,861,347
71$4,313,984$3,009,213$2,696,734$4,154,873
72$4,714,832$3,117,487$2,747,897$4,475,421
73$5,155,334$3,229,833$2,799,540$4,825,660
74$5,639,494$3,346,410$2,851,640$5,208,530
75$6,171,725$3,467,387$2,904,173$5,627,269
76$6,756,889$3,592,937$2,957,111$6,085,441
77$7,400,342$3,723,242$3,010,425$6,586,972
78$8,107,987$3,858,491$3,064,084$7,136,184
79$8,886,325$3,998,880$3,118,054$7,737,839
80$9,742,520$4,144,615$3,172,299$8,397,180
81$10,684,466$4,295,910$3,226,780$9,119,981
82$11,720,859$4,452,987$3,281,454$9,912,603
83$12,861,281$4,616,077$3,336,277$10,782,052
84$14,116,290$4,785,424$3,391,201$11,736,045
85$15,497,519$4,961,277$3,446,174$12,783,082
86$17,017,787$5,143,901$3,501,142$13,932,526
87$18,691,217$5,333,568$3,556,046$15,194,693
88$20,533,373$5,530,564$3,610,825$16,580,944
89$22,561,400$5,735,185$3,665,411$18,103,797
90$24,794,196$5,947,742$3,719,735$19,777,043
91$27,252,581$6,168,558$3,773,723$21,615,873
92$29,959,495$6,397,969$3,827,294$23,637,023
93$32,940,221$6,636,326$3,880,366$25,858,934
94$36,222,613$6,883,996$3,932,848$28,301,920
95$39,837,368$7,141,360$3,984,646$30,988,363
96$43,818,310$7,408,817$4,035,662$33,942,924
97$48,202,709$7,686,781$4,085,789$37,192,772
98$53,031,638$7,975,686$4,134,915$40,767,841
99$58,350,353$8,275,983$4,182,923$44,701,115
100$64,208,727$8,588,143$4,229,688$49,028,935