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

Use the below retirement simulation to view the chances of a successful retirement.
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%12.7%
1 years$192,409$190,695$189,023$187,391$185,797$183,704
2 years$95,252$93,478$91,759$90,092$88,475$86,368
3 years$62,871$61,089$59,374$57,723$56,132$54,076
4 years$46,683$44,907$43,209$41,586$40,034$38,045
5 years$36,973$35,208$33,532$31,942$30,433$28,518
6 years$30,502$28,750$27,099$25,544$24,081$22,241
7 years$25,881$24,144$22,519$21,001$19,584$17,820
8 years$22,418$20,696$19,098$17,618$16,247$14,559
9 years$19,725$18,019$16,449$15,006$13,682$12,069
10 years$17,572$15,883$14,341$12,936$11,658$10,119
11 years$15,812$14,140$12,625$11,258$10,026$8,561
12 years$14,346$12,691$11,205$9,875$8,689$7,294
13 years$13,107$11,469$10,011$8,718$7,577$6,252
14 years$12,045$10,425$8,995$7,739$6,642$5,385
15 years$11,126$9,524$8,121$6,902$5,848$4,657
16 years$10,323$8,738$7,363$6,180$5,168$4,041
17 years$9,615$8,047$6,700$5,552$4,583$3,517
18 years$8,986$7,436$6,116$5,004$4,075$3,069
19 years$8,424$6,891$5,599$4,521$3,632$2,683
20 years$7,919$6,404$5,139$4,095$3,244$2,350
21 years$7,463$5,965$4,726$3,716$2,903$2,062
22 years$7,048$5,568$4,356$3,379$2,602$1,812
23 years$6,670$5,208$4,022$3,077$2,336$1,594
24 years$6,325$4,879$3,720$2,807$2,099$1,403
25 years$6,007$4,579$3,445$2,563$1,889$1,237
26 years$5,714$4,303$3,195$2,344$1,702$1,091
27 years$5,444$4,050$2,967$2,145$1,534$963
28 years$5,193$3,816$2,758$1,966$1,384$850
29 years$4,960$3,600$2,567$1,802$1,250$751
30 years$4,743$3,400$2,391$1,654$1,130$664
31 years$4,540$3,214$2,229$1,519$1,021$588
32 years$4,350$3,041$2,080$1,396$924$520
33 years$4,173$2,880$1,942$1,284$836$460
34 years$4,006$2,730$1,814$1,181$757$407
35 years$3,849$2,589$1,696$1,087$686$361
36 years$3,701$2,457$1,587$1,002$621$320
37 years$3,561$2,334$1,485$923$563$283
38 years$3,429$2,218$1,391$851$510$251
39 years$3,304$2,109$1,303$784$463$222
40 years$3,185$2,007$1,221$723$420$197
41 years$3,073$1,910$1,145$667$381$175
42 years$2,966$1,819$1,074$616$346$155
43 years$2,865$1,733$1,008$569$314$137
44 years$2,768$1,652$946$525$285$122
45 years$2,676$1,576$889$485$258$108
46 years$2,589$1,503$835$448$235$96
47 years$2,505$1,434$784$414$213$85
48 years$2,425$1,369$737$382$194$75
49 years$2,348$1,308$692$353$176$67
50 years$2,275$1,249$651$327$160$59

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 $5,273 every year, while hoping to spend $48,308 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: 44/35/21 Blend
64$2,330,000$2,330,000$2,330,000$2,330,000
65$2,573,099$2,449,609$2,413,494$2,670,455
66$2,784,156$2,518,241$2,442,947$2,808,308
67$3,015,121$2,588,616$2,471,767$2,952,504
68$3,267,975$2,660,770$2,499,883$3,107,817
69$3,544,898$2,734,736$2,527,218$3,275,299
70$3,848,289$2,810,550$2,553,691$3,456,111
71$4,180,793$2,888,246$2,579,219$3,651,529
72$4,545,323$2,967,858$2,603,711$3,862,958
73$4,945,083$3,049,421$2,627,073$4,091,945
74$5,383,608$3,132,970$2,649,207$4,340,194
75$5,864,788$3,218,536$2,670,007$4,609,582
76$6,392,907$3,306,156$2,689,363$4,902,174
77$6,972,687$3,395,861$2,707,160$5,220,248
78$7,609,327$3,487,684$2,723,275$5,566,310
79$8,308,555$3,581,657$2,737,582$5,943,121
80$9,076,681$3,677,812$2,749,945$6,353,724
81$9,920,657$3,776,179$2,760,222$6,801,470
82$10,848,140$3,876,788$2,768,266$7,290,050
83$11,867,567$3,979,667$2,773,919$7,823,533
84$12,988,233$4,084,844$2,777,019$8,406,399
85$14,220,377$4,192,346$2,777,393$9,043,587
86$15,575,281$4,302,196$2,774,862$9,740,536
87$17,065,374$4,414,419$2,769,234$10,503,242
88$18,704,352$4,529,035$2,760,313$11,338,309
89$20,507,302$4,646,064$2,747,890$12,253,015
90$22,490,848$4,765,523$2,731,746$13,255,381
91$24,673,309$4,887,427$2,711,653$14,354,245
92$27,074,865$5,011,789$2,687,372$15,559,343
93$29,717,753$5,138,619$2,658,651$16,881,409
94$32,626,475$5,267,922$2,625,227$18,332,269
95$35,828,028$5,399,704$2,586,825$19,924,953
96$39,352,160$5,533,962$2,543,157$21,673,824
97$43,231,648$5,670,694$2,493,920$23,594,709
98$47,502,609$5,809,891$2,438,799$25,705,048
99$52,204,840$5,951,541$2,377,464$28,024,063
100$57,382,193$6,095,625$2,309,569$30,572,934