Can I retire at age 65 with 2,330,000?

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 $2,330,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.3%
1 years$192,409$190,695$189,023$187,391$185,797$178,850
2 years$95,252$93,478$91,759$90,092$88,475$81,555
3 years$62,871$61,089$59,374$57,723$56,132$49,457
4 years$46,683$44,907$43,209$41,586$40,034$33,655
5 years$36,973$35,208$33,532$31,942$30,433$24,367
6 years$30,502$28,750$27,099$25,544$24,081$18,332
7 years$25,881$24,144$22,519$21,001$19,584$14,150
8 years$22,418$20,696$19,098$17,618$16,247$11,123
9 years$19,725$18,019$16,449$15,006$13,682$8,862
10 years$17,572$15,883$14,341$12,936$11,658$7,132
11 years$15,812$14,140$12,625$11,258$10,026$5,785
12 years$14,346$12,691$11,205$9,875$8,689$4,721
13 years$13,107$11,469$10,011$8,718$7,577$3,872
14 years$12,045$10,425$8,995$7,739$6,642$3,187
15 years$11,126$9,524$8,121$6,902$5,848$2,632
16 years$10,323$8,738$7,363$6,180$5,168$2,180
17 years$9,615$8,047$6,700$5,552$4,583$1,809
18 years$8,986$7,436$6,116$5,004$4,075$1,503
19 years$8,424$6,891$5,599$4,521$3,632$1,251
20 years$7,919$6,404$5,139$4,095$3,244$1,043
21 years$7,463$5,965$4,726$3,716$2,903$870
22 years$7,048$5,568$4,356$3,379$2,602$726
23 years$6,670$5,208$4,022$3,077$2,336$607
24 years$6,325$4,879$3,720$2,807$2,099$507
25 years$6,007$4,579$3,445$2,563$1,889$424
26 years$5,714$4,303$3,195$2,344$1,702$355
27 years$5,444$4,050$2,967$2,145$1,534$297
28 years$5,193$3,816$2,758$1,966$1,384$248
29 years$4,960$3,600$2,567$1,802$1,250$208
30 years$4,743$3,400$2,391$1,654$1,130$174
31 years$4,540$3,214$2,229$1,519$1,021$146
32 years$4,350$3,041$2,080$1,396$924$122
33 years$4,173$2,880$1,942$1,284$836$102
34 years$4,006$2,730$1,814$1,181$757$86
35 years$3,849$2,589$1,696$1,087$686$72
36 years$3,701$2,457$1,587$1,002$621$60
37 years$3,561$2,334$1,485$923$563$50
38 years$3,429$2,218$1,391$851$510$42
39 years$3,304$2,109$1,303$784$463$35
40 years$3,185$2,007$1,221$723$420$30
41 years$3,073$1,910$1,145$667$381$25
42 years$2,966$1,819$1,074$616$346$21
43 years$2,865$1,733$1,008$569$314$17
44 years$2,768$1,652$946$525$285$15
45 years$2,676$1,576$889$485$258$12
46 years$2,589$1,503$835$448$235$10
47 years$2,505$1,434$784$414$213$9
48 years$2,425$1,369$737$382$194$7
49 years$2,348$1,308$692$353$176$6
50 years$2,275$1,249$651$327$160$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $2,330,000, adding $2,878 every year, while hoping to spend $58,316 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: 66/8/26 Blend
64$2,330,000$2,330,000$2,330,000$2,330,000
65$2,570,629$2,447,139$2,411,024$2,722,662
66$2,770,785$2,505,001$2,429,745$2,883,325
67$2,989,403$2,563,743$2,447,139$3,052,090
68$3,228,304$2,623,349$2,463,100$3,235,299
69$3,489,493$2,683,795$2,477,516$3,434,380
70$3,775,178$2,745,058$2,490,270$3,650,904
71$4,087,790$2,807,110$2,501,238$3,886,605
72$4,430,007$2,869,920$2,510,292$4,143,392
73$4,804,775$2,933,454$2,517,294$4,423,370
74$5,215,342$2,997,672$2,522,103$4,728,859
75$5,665,281$3,062,533$2,524,568$5,062,414
76$6,158,530$3,127,988$2,524,531$5,426,854
77$6,699,426$3,193,984$2,521,829$5,825,284
78$7,292,743$3,260,466$2,516,286$6,261,125
79$7,943,744$3,327,369$2,507,722$6,738,151
80$8,658,221$3,394,626$2,495,946$7,260,518
81$9,442,558$3,462,161$2,480,759$7,832,810
82$10,303,785$3,529,893$2,461,950$8,460,076
83$11,249,647$3,597,733$2,439,301$9,147,884
84$12,288,675$3,665,586$2,412,582$9,902,369
85$13,430,268$3,733,349$2,381,552$10,730,295
86$14,684,781$3,800,908$2,345,960$11,639,114
87$16,063,619$3,868,143$2,305,540$12,637,043
88$17,579,351$3,934,924$2,260,018$13,733,136
89$19,245,820$4,001,111$2,209,104$14,937,375
90$21,078,280$4,066,552$2,152,495$16,260,759
91$23,093,537$4,131,085$2,089,876$17,715,414
92$25,310,106$4,194,537$2,020,915$19,314,703
93$27,748,387$4,256,720$1,945,267$21,073,354
94$30,430,858$4,317,434$1,862,568$23,007,603
95$33,382,283$4,376,466$1,772,442$25,135,342
96$36,629,949$4,433,586$1,674,492$27,476,292
97$40,203,921$4,488,549$1,568,304$30,052,189
98$44,137,326$4,541,093$1,453,448$32,886,988
99$48,466,666$4,590,939$1,329,471$36,007,094
100$53,232,159$4,637,789$1,195,902$39,441,608