Can I retire at age 65 with 2,340,000?

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 $2,340,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.8%
1 years$193,235$191,514$189,834$188,195$186,595$181,422
2 years$95,661$93,879$92,153$90,479$88,855$83,682
3 years$63,140$61,351$59,629$57,970$56,373$51,362
4 years$46,883$45,100$43,395$41,764$40,206$35,395
5 years$37,132$35,359$33,676$32,079$30,564$25,967
6 years$30,633$28,873$27,215$25,654$24,184$19,805
7 years$25,992$24,247$22,616$21,092$19,668$15,507
8 years$22,514$20,785$19,180$17,693$16,317$12,371
9 years$19,810$18,097$16,520$15,071$13,741$10,007
10 years$17,647$15,951$14,402$12,991$11,708$8,182
11 years$15,880$14,201$12,680$11,306$10,069$6,744
12 years$14,408$12,746$11,253$9,917$8,726$5,596
13 years$13,163$11,518$10,054$8,755$7,609$4,668
14 years$12,097$10,470$9,033$7,772$6,670$3,910
15 years$11,174$9,564$8,156$6,931$5,873$3,287
16 years$10,367$8,775$7,394$6,206$5,190$2,771
17 years$9,656$8,082$6,729$5,576$4,602$2,342
18 years$9,024$7,468$6,142$5,025$4,092$1,983
19 years$8,460$6,921$5,623$4,541$3,647$1,682
20 years$7,953$6,431$5,161$4,112$3,258$1,429
21 years$7,495$5,991$4,747$3,732$2,915$1,215
22 years$7,078$5,592$4,375$3,394$2,613$1,035
23 years$6,699$5,230$4,039$3,091$2,346$881
24 years$6,352$4,900$3,736$2,819$2,108$752
25 years$6,033$4,599$3,460$2,574$1,897$641
26 years$5,739$4,322$3,209$2,354$1,709$547
27 years$5,467$4,067$2,980$2,154$1,541$467
28 years$5,215$3,833$2,770$1,974$1,390$399
29 years$4,981$3,616$2,578$1,810$1,255$341
30 years$4,763$3,415$2,401$1,661$1,134$292
31 years$4,560$3,228$2,239$1,526$1,026$249
32 years$4,369$3,054$2,089$1,402$928$213
33 years$4,191$2,893$1,950$1,289$840$182
34 years$4,023$2,741$1,822$1,186$760$156
35 years$3,865$2,600$1,704$1,092$688$133
36 years$3,716$2,468$1,594$1,006$624$114
37 years$3,576$2,344$1,492$927$565$98
38 years$3,444$2,228$1,397$854$513$84
39 years$3,318$2,118$1,309$788$465$72
40 years$3,199$2,015$1,227$726$422$61
41 years$3,086$1,918$1,150$670$382$52
42 years$2,979$1,827$1,079$619$347$45
43 years$2,877$1,741$1,012$571$315$38
44 years$2,780$1,659$950$527$286$33
45 years$2,688$1,582$892$487$260$28
46 years$2,600$1,510$838$450$236$24
47 years$2,516$1,441$787$416$214$21
48 years$2,435$1,375$740$384$194$18
49 years$2,358$1,313$695$355$177$15
50 years$2,285$1,254$654$328$160$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $2,340,000, adding $5,307 every year, while hoping to spend $51,331 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: 45/44/11 Blend
64$2,340,000$2,340,000$2,340,000$2,340,000
65$2,584,154$2,460,134$2,423,864$2,692,149
66$2,793,122$2,526,065$2,450,448$2,833,505
67$3,021,684$2,593,506$2,476,202$2,981,027
68$3,271,785$2,662,477$2,501,044$3,139,837
69$3,545,566$2,732,997$2,524,887$3,310,995
70$3,845,385$2,805,085$2,547,642$3,495,669
71$4,173,837$2,878,757$2,569,211$3,695,143
72$4,533,782$2,954,030$2,589,493$3,910,831
73$4,928,370$3,030,919$2,608,383$4,144,291
74$5,361,068$3,109,438$2,625,768$4,397,236
75$5,835,696$3,189,600$2,641,530$4,671,552
76$6,356,462$3,271,415$2,655,547$4,969,318
77$6,928,000$3,354,894$2,667,687$5,292,821
78$7,555,415$3,440,043$2,677,813$5,644,581
79$8,244,330$3,526,868$2,685,783$6,027,373
80$9,000,941$3,615,373$2,691,445$6,444,253
81$9,832,069$3,705,559$2,694,641$6,898,588
82$10,745,233$3,797,424$2,695,205$7,394,087
83$11,748,714$3,890,965$2,692,961$7,934,834
84$12,851,636$3,986,175$2,687,728$8,525,330
85$14,064,048$4,083,043$2,679,313$9,170,533
86$15,397,026$4,181,557$2,667,515$9,875,906
87$16,862,768$4,281,699$2,652,122$10,647,467
88$18,474,717$4,383,448$2,632,914$11,491,847
89$20,247,680$4,486,779$2,609,659$12,416,351
90$22,197,974$4,591,663$2,582,114$13,429,030
91$24,343,578$4,698,064$2,550,024$14,538,755
92$26,704,297$4,805,943$2,513,124$15,755,299
93$29,301,956$4,915,256$2,471,135$17,089,433
94$32,160,601$5,025,949$2,423,764$18,553,025
95$35,306,729$5,137,967$2,370,706$20,159,152
96$38,769,533$5,251,245$2,311,643$21,922,228
97$42,581,181$5,365,711$2,246,238$23,858,131
98$46,777,117$5,481,287$2,174,142$25,984,365
99$51,396,397$5,597,884$2,094,990$28,320,215
100$56,482,056$5,715,407$2,008,399$30,886,933