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%13.8%
1 years$192,409$190,695$189,023$187,391$185,797$182,870
2 years$95,252$93,478$91,759$90,092$88,475$85,533
3 years$62,871$61,089$59,374$57,723$56,132$53,268
4 years$46,683$44,907$43,209$41,586$40,034$37,269
5 years$36,973$35,208$33,532$31,942$30,433$27,775
6 years$30,502$28,750$27,099$25,544$24,081$21,533
7 years$25,881$24,144$22,519$21,001$19,584$17,148
8 years$22,418$20,696$19,098$17,618$16,247$13,921
9 years$19,725$18,019$16,449$15,006$13,682$11,466
10 years$17,572$15,883$14,341$12,936$11,658$9,549
11 years$15,812$14,140$12,625$11,258$10,026$8,023
12 years$14,346$12,691$11,205$9,875$8,689$6,789
13 years$13,107$11,469$10,011$8,718$7,577$5,777
14 years$12,045$10,425$8,995$7,739$6,642$4,939
15 years$11,126$9,524$8,121$6,902$5,848$4,240
16 years$10,323$8,738$7,363$6,180$5,168$3,651
17 years$9,615$8,047$6,700$5,552$4,583$3,153
18 years$8,986$7,436$6,116$5,004$4,075$2,729
19 years$8,424$6,891$5,599$4,521$3,632$2,367
20 years$7,919$6,404$5,139$4,095$3,244$2,057
21 years$7,463$5,965$4,726$3,716$2,903$1,790
22 years$7,048$5,568$4,356$3,379$2,602$1,559
23 years$6,670$5,208$4,022$3,077$2,336$1,360
24 years$6,325$4,879$3,720$2,807$2,099$1,187
25 years$6,007$4,579$3,445$2,563$1,889$1,037
26 years$5,714$4,303$3,195$2,344$1,702$907
27 years$5,444$4,050$2,967$2,145$1,534$794
28 years$5,193$3,816$2,758$1,966$1,384$695
29 years$4,960$3,600$2,567$1,802$1,250$608
30 years$4,743$3,400$2,391$1,654$1,130$533
31 years$4,540$3,214$2,229$1,519$1,021$467
32 years$4,350$3,041$2,080$1,396$924$410
33 years$4,173$2,880$1,942$1,284$836$359
34 years$4,006$2,730$1,814$1,181$757$315
35 years$3,849$2,589$1,696$1,087$686$277
36 years$3,701$2,457$1,587$1,002$621$243
37 years$3,561$2,334$1,485$923$563$213
38 years$3,429$2,218$1,391$851$510$187
39 years$3,304$2,109$1,303$784$463$164
40 years$3,185$2,007$1,221$723$420$144
41 years$3,073$1,910$1,145$667$381$127
42 years$2,966$1,819$1,074$616$346$111
43 years$2,865$1,733$1,008$569$314$98
44 years$2,768$1,652$946$525$285$86
45 years$2,676$1,576$889$485$258$75
46 years$2,589$1,503$835$448$235$66
47 years$2,505$1,434$784$414$213$58
48 years$2,425$1,369$737$382$194$51
49 years$2,348$1,308$692$353$176$45
50 years$2,275$1,249$651$327$160$39

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 $6,569 every year, while hoping to spend $40,542 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: 38/41/21 Blend
64$2,330,000$2,330,000$2,330,000$2,330,000
65$2,574,436$2,450,946$2,414,831$2,655,855
66$2,793,892$2,527,906$2,452,591$2,792,337
67$3,034,374$2,607,278$2,490,258$2,935,443
68$3,297,983$2,689,138$2,527,785$3,089,277
69$3,587,035$2,773,563$2,565,123$3,254,829
70$3,904,079$2,860,634$2,602,221$3,433,193
71$4,251,923$2,950,433$2,639,023$3,625,566
72$4,633,660$3,043,045$2,675,472$3,833,269
73$5,052,698$3,138,559$2,711,505$4,057,753
74$5,512,789$3,237,065$2,747,056$4,300,615
75$6,018,069$3,338,656$2,782,057$4,563,610
76$6,573,090$3,443,428$2,816,435$4,848,672
77$7,182,871$3,551,482$2,850,111$5,157,927
78$7,852,938$3,662,919$2,883,004$5,493,718
79$8,589,381$3,777,845$2,915,028$5,858,619
80$9,398,907$3,896,369$2,946,091$6,255,468
81$10,288,907$4,018,603$2,976,097$6,687,386
82$11,267,524$4,144,662$3,004,944$7,157,812
83$12,343,728$4,274,667$3,032,526$7,670,530
84$13,527,402$4,408,740$3,058,730$8,229,708
85$14,829,437$4,547,008$3,083,437$8,839,934
86$16,261,829$4,689,601$3,106,522$9,506,263
87$17,837,799$4,836,655$3,127,854$10,234,259
88$19,571,912$4,988,308$3,147,294$11,030,051
89$21,480,216$5,144,705$3,164,697$11,900,391
90$23,580,394$5,305,991$3,179,911$12,852,714
91$25,891,930$5,472,320$3,192,773$13,895,209
92$28,436,292$5,643,849$3,203,116$15,036,898
93$31,237,136$5,820,740$3,210,762$16,287,719
94$34,320,526$6,003,158$3,215,526$17,658,616
95$37,715,184$6,191,278$3,217,210$19,161,650
96$41,452,757$6,385,275$3,215,611$20,810,106
97$45,568,117$6,585,332$3,210,513$22,618,617
98$50,099,691$6,791,638$3,201,690$24,603,308
99$55,089,818$7,004,388$3,188,906$26,781,943
100$60,585,158$7,223,781$3,171,913$29,174,091