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%17.3%
1 years$193,235$191,514$189,834$188,195$186,595$181,057
2 years$95,661$93,879$92,153$90,479$88,855$83,321
3 years$63,140$61,351$59,629$57,970$56,373$51,017
4 years$46,883$45,100$43,395$41,764$40,206$35,069
5 years$37,132$35,359$33,676$32,079$30,564$25,660
6 years$30,633$28,873$27,215$25,654$24,184$19,517
7 years$25,992$24,247$22,616$21,092$19,668$15,238
8 years$22,514$20,785$19,180$17,693$16,317$12,121
9 years$19,810$18,097$16,520$15,071$13,741$9,776
10 years$17,647$15,951$14,402$12,991$11,708$7,967
11 years$15,880$14,201$12,680$11,306$10,069$6,547
12 years$14,408$12,746$11,253$9,917$8,726$5,414
13 years$13,163$11,518$10,054$8,755$7,609$4,501
14 years$12,097$10,470$9,033$7,772$6,670$3,757
15 years$11,174$9,564$8,156$6,931$5,873$3,148
16 years$10,367$8,775$7,394$6,206$5,190$2,644
17 years$9,656$8,082$6,729$5,576$4,602$2,226
18 years$9,024$7,468$6,142$5,025$4,092$1,878
19 years$8,460$6,921$5,623$4,541$3,647$1,587
20 years$7,953$6,431$5,161$4,112$3,258$1,343
21 years$7,495$5,991$4,747$3,732$2,915$1,138
22 years$7,078$5,592$4,375$3,394$2,613$965
23 years$6,699$5,230$4,039$3,091$2,346$819
24 years$6,352$4,900$3,736$2,819$2,108$695
25 years$6,033$4,599$3,460$2,574$1,897$591
26 years$5,739$4,322$3,209$2,354$1,709$502
27 years$5,467$4,067$2,980$2,154$1,541$427
28 years$5,215$3,833$2,770$1,974$1,390$364
29 years$4,981$3,616$2,578$1,810$1,255$309
30 years$4,763$3,415$2,401$1,661$1,134$263
31 years$4,560$3,228$2,239$1,526$1,026$224
32 years$4,369$3,054$2,089$1,402$928$191
33 years$4,191$2,893$1,950$1,289$840$163
34 years$4,023$2,741$1,822$1,186$760$139
35 years$3,865$2,600$1,704$1,092$688$118
36 years$3,716$2,468$1,594$1,006$624$101
37 years$3,576$2,344$1,492$927$565$86
38 years$3,444$2,228$1,397$854$513$73
39 years$3,318$2,118$1,309$788$465$62
40 years$3,199$2,015$1,227$726$422$53
41 years$3,086$1,918$1,150$670$382$45
42 years$2,979$1,827$1,079$619$347$39
43 years$2,877$1,741$1,012$571$315$33
44 years$2,780$1,659$950$527$286$28
45 years$2,688$1,582$892$487$260$24
46 years$2,600$1,510$838$450$236$20
47 years$2,516$1,441$787$416$214$17
48 years$2,435$1,375$740$384$194$15
49 years$2,358$1,313$695$355$177$13
50 years$2,285$1,254$654$328$160$11

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 $4,349 every year, while hoping to spend $54,754 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: 33/43/24 Blend
64$2,340,000$2,340,000$2,340,000$2,340,000
65$2,583,166$2,459,146$2,422,876$2,649,330
66$2,788,391$2,521,386$2,445,785$2,761,657
67$3,012,714$2,584,841$2,467,625$2,877,390
68$3,258,025$2,649,513$2,488,305$3,001,019
69$3,526,405$2,715,400$2,507,725$3,133,278
70$3,820,146$2,782,502$2,525,781$3,274,972
71$4,141,771$2,850,815$2,542,365$3,426,992
72$4,494,058$2,920,332$2,557,361$3,590,316
73$4,880,069$2,991,045$2,570,649$3,766,024
74$5,303,173$3,062,943$2,582,102$3,955,305
75$5,767,081$3,136,011$2,591,587$4,159,469
76$6,275,882$3,210,235$2,598,964$4,379,961
77$6,834,078$3,285,592$2,604,086$4,618,374
78$7,446,629$3,362,061$2,606,798$4,876,462
79$8,118,998$3,439,615$2,606,938$5,156,159
80$8,857,201$3,518,222$2,604,336$5,459,599
81$9,667,869$3,597,848$2,598,815$5,789,132
82$10,558,303$3,678,454$2,590,186$6,147,349
83$11,536,546$3,759,995$2,578,254$6,537,107
84$12,611,462$3,842,422$2,562,813$6,961,556
85$13,792,811$3,925,681$2,543,648$7,424,169
86$15,091,351$4,009,712$2,520,533$7,928,774
87$16,518,928$4,094,448$2,493,231$8,479,591
88$18,088,599$4,179,817$2,461,494$9,081,274
89$19,814,746$4,265,737$2,425,064$9,738,952
90$21,713,215$4,352,123$2,383,668$10,458,283
91$23,801,464$4,438,878$2,337,023$11,245,501
92$26,098,731$4,525,900$2,284,830$12,107,482
93$28,626,208$4,613,076$2,226,778$13,051,805
94$31,407,248$4,700,284$2,162,542$14,086,828
95$34,467,581$4,787,392$2,091,781$15,221,764
96$37,835,557$4,874,256$2,014,138$16,466,769
97$41,542,413$4,960,725$1,929,242$17,833,042
98$45,622,569$5,046,630$1,836,701$19,332,928
99$50,113,951$5,131,794$1,736,110$20,980,039
100$55,058,346$5,216,024$1,627,042$22,789,379