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%19.1%
1 years$191,583$189,877$188,212$186,587$185,000$178,223
2 years$94,843$93,077$91,365$89,705$88,095$81,343
3 years$62,601$60,827$59,119$57,475$55,891$49,376
4 years$46,483$44,714$43,024$41,408$39,862$33,634
5 years$36,814$35,056$33,388$31,805$30,303$24,378
6 years$30,371$28,626$26,983$25,435$23,977$18,360
7 years$25,770$24,040$22,423$20,911$19,500$14,188
8 years$22,321$20,607$19,016$17,542$16,177$11,166
9 years$19,640$17,942$16,379$14,942$13,624$8,907
10 years$17,497$15,815$14,279$12,880$11,608$7,177
11 years$15,744$14,079$12,571$11,209$9,983$5,829
12 years$14,284$12,637$11,157$9,832$8,651$4,764
13 years$13,050$11,420$9,968$8,680$7,544$3,912
14 years$11,994$10,380$8,956$7,705$6,613$3,225
15 years$11,078$9,483$8,086$6,872$5,823$2,667
16 years$10,278$8,700$7,331$6,153$5,146$2,212
17 years$9,573$8,013$6,671$5,528$4,563$1,838
18 years$8,947$7,404$6,090$4,982$4,057$1,530
19 years$8,388$6,862$5,575$4,502$3,616$1,275
20 years$7,885$6,376$5,116$4,077$3,230$1,064
21 years$7,431$5,939$4,706$3,700$2,891$889
22 years$7,018$5,544$4,337$3,365$2,591$744
23 years$6,642$5,185$4,005$3,064$2,326$622
24 years$6,298$4,858$3,704$2,795$2,090$521
25 years$5,981$4,559$3,430$2,552$1,881$436
26 years$5,690$4,285$3,182$2,334$1,694$366
27 years$5,420$4,033$2,954$2,136$1,528$306
28 years$5,171$3,800$2,746$1,957$1,378$257
29 years$4,939$3,585$2,556$1,795$1,245$215
30 years$4,723$3,386$2,381$1,647$1,125$181
31 years$4,521$3,200$2,219$1,513$1,017$152
32 years$4,332$3,028$2,071$1,390$920$127
33 years$4,155$2,868$1,933$1,278$832$107
34 years$3,989$2,718$1,807$1,176$754$90
35 years$3,832$2,578$1,689$1,083$683$75
36 years$3,685$2,447$1,580$997$618$63
37 years$3,546$2,324$1,479$919$561$53
38 years$3,414$2,209$1,385$847$508$44
39 years$3,290$2,100$1,297$781$461$37
40 years$3,172$1,998$1,216$720$418$31
41 years$3,060$1,902$1,140$665$379$26
42 years$2,954$1,811$1,070$613$344$22
43 years$2,853$1,726$1,004$566$312$19
44 years$2,756$1,645$942$523$283$16
45 years$2,665$1,569$885$483$257$13
46 years$2,577$1,497$831$446$234$11
47 years$2,494$1,428$781$412$212$9
48 years$2,414$1,363$734$381$193$8
49 years$2,338$1,302$690$352$175$6
50 years$2,265$1,244$648$325$159$5

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 $4,460 every year, while hoping to spend $47,628 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: 66/10/24 Blend
64$2,320,000$2,320,000$2,320,000$2,320,000
65$2,561,240$2,438,280$2,402,320$2,714,119
66$2,771,811$2,507,080$2,432,122$2,886,317
67$3,002,264$2,577,655$2,461,326$3,068,705
68$3,254,576$2,650,042$2,489,862$3,267,021
69$3,530,926$2,724,277$2,517,655$3,482,833
70$3,833,711$2,800,397$2,544,628$3,717,870
71$4,165,573$2,878,440$2,570,697$3,974,038
72$4,529,422$2,958,444$2,595,775$4,253,435
73$4,928,460$3,040,444$2,619,770$4,558,371
74$5,366,216$3,124,480$2,642,586$4,891,394
75$5,846,578$3,210,587$2,664,121$5,255,309
76$6,373,827$3,298,804$2,684,266$5,653,208
77$6,952,678$3,389,166$2,702,910$6,088,496
78$7,588,327$3,481,711$2,719,933$6,564,926
79$8,286,495$3,576,474$2,735,210$7,086,635
80$9,053,489$3,673,492$2,748,611$7,658,177
81$9,896,251$3,772,799$2,759,995$8,284,573
82$10,822,433$3,874,431$2,769,220$8,971,357
83$11,840,464$3,978,421$2,776,131$9,724,625
84$12,959,629$4,084,801$2,780,570$10,551,094
85$14,190,160$4,193,605$2,782,367$11,458,166
86$15,543,327$4,304,862$2,781,347$12,454,001
87$17,031,549$4,418,603$2,777,325$13,547,586
88$18,668,507$4,534,856$2,770,106$14,748,829
89$20,469,278$4,653,646$2,759,488$16,068,646
90$22,450,469$4,775,000$2,745,255$17,519,068
91$24,630,382$4,898,940$2,727,186$19,113,351
92$27,029,180$5,025,487$2,705,046$20,866,106
93$29,669,079$5,154,659$2,678,588$22,793,432
94$32,574,561$5,286,473$2,647,556$24,913,073
95$35,772,597$5,420,941$2,611,681$27,244,582
96$39,292,910$5,558,075$2,570,680$29,809,505
97$43,168,247$5,697,880$2,524,258$32,631,591
98$47,434,693$5,840,362$2,472,105$35,737,008
99$52,132,010$5,985,518$2,413,899$39,154,596
100$57,304,011$6,133,344$2,349,301$42,916,137