Can I retire at age 65 with 2,350,000?

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 $2,350,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17%
1 years$194,061$192,332$190,646$189,000$187,392$182,051
2 years$96,070$94,280$92,546$90,865$89,234$83,894
3 years$63,410$61,613$59,884$58,218$56,614$51,443
4 years$47,084$45,292$43,580$41,943$40,378$35,415
5 years$37,290$35,510$33,820$32,216$30,694$25,954
6 years$30,764$28,996$27,331$25,764$24,287$19,773
7 years$26,103$24,351$22,713$21,182$19,752$15,465
8 years$22,610$20,873$19,262$17,769$16,386$12,323
9 years$19,894$18,174$16,590$15,135$13,800$9,956
10 years$17,723$16,020$14,464$13,047$11,758$8,130
11 years$15,948$14,261$12,734$11,354$10,112$6,693
12 years$14,469$12,800$11,301$9,959$8,763$5,546
13 years$13,219$11,568$10,097$8,793$7,642$4,620
14 years$12,149$10,515$9,072$7,805$6,699$3,865
15 years$11,222$9,605$8,191$6,961$5,898$3,245
16 years$10,411$8,813$7,426$6,233$5,213$2,731
17 years$9,697$8,116$6,757$5,600$4,622$2,305
18 years$9,063$7,500$6,169$5,047$4,110$1,949
19 years$8,496$6,951$5,647$4,560$3,663$1,651
20 years$7,987$6,459$5,183$4,130$3,272$1,400
21 years$7,527$6,016$4,767$3,748$2,928$1,189
22 years$7,109$5,616$4,394$3,408$2,624$1,010
23 years$6,728$5,252$4,057$3,104$2,356$860
24 years$6,379$4,921$3,752$2,831$2,117$732
25 years$6,059$4,618$3,475$2,585$1,905$623
26 years$5,763$4,340$3,223$2,364$1,716$531
27 years$5,491$4,085$2,993$2,164$1,547$453
28 years$5,238$3,849$2,782$1,982$1,396$386
29 years$5,003$3,631$2,589$1,818$1,261$329
30 years$4,784$3,429$2,411$1,668$1,139$281
31 years$4,579$3,242$2,248$1,532$1,030$240
32 years$4,388$3,067$2,098$1,408$932$205
33 years$4,209$2,905$1,958$1,295$843$175
34 years$4,040$2,753$1,830$1,191$763$149
35 years$3,882$2,611$1,711$1,097$691$128
36 years$3,732$2,479$1,600$1,010$626$109
37 years$3,591$2,354$1,498$931$568$93
38 years$3,458$2,237$1,403$858$515$80
39 years$3,332$2,127$1,314$791$467$68
40 years$3,213$2,024$1,232$730$423$58
41 years$3,100$1,927$1,155$673$384$50
42 years$2,992$1,835$1,084$621$349$42
43 years$2,890$1,748$1,017$573$316$36
44 years$2,792$1,666$954$529$287$31
45 years$2,699$1,589$896$489$261$26
46 years$2,611$1,516$842$452$237$23
47 years$2,526$1,447$791$417$215$19
48 years$2,446$1,381$743$386$195$17
49 years$2,368$1,319$698$356$177$14
50 years$2,294$1,260$657$329$161$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $2,350,000, adding $4,751 every year, while hoping to spend $37,656 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: 42/49/9 Blend
64$2,350,000$2,350,000$2,350,000$2,350,000
65$2,594,601$2,470,051$2,433,626$2,696,537
66$2,819,184$2,551,017$2,475,086$2,849,099
67$3,065,413$2,634,690$2,516,674$3,010,028
68$3,335,456$2,721,160$2,558,353$3,183,429
69$3,631,700$2,810,524$2,600,085$3,370,453
70$3,956,776$2,902,882$2,641,831$3,572,363
71$4,313,581$2,998,337$2,683,546$3,790,552
72$4,705,306$3,096,996$2,725,184$4,026,545
73$5,135,467$3,198,968$2,766,698$4,282,023
74$5,607,936$3,304,369$2,808,034$4,558,833
75$6,126,979$3,413,318$2,849,137$4,859,003
76$6,697,297$3,525,936$2,889,949$5,184,769
77$7,324,066$3,642,351$2,930,407$5,538,585
78$8,012,991$3,762,696$2,970,445$5,923,153
79$8,770,354$3,887,107$3,009,994$6,341,446
80$9,603,080$4,015,725$3,048,978$6,796,734
81$10,518,795$4,148,697$3,087,320$7,292,615
82$11,525,904$4,286,175$3,124,937$7,833,050
83$12,633,665$4,428,316$3,161,742$8,422,396
84$13,852,280$4,575,284$3,197,640$9,065,451
85$15,192,987$4,727,248$3,232,536$9,767,495
86$16,668,172$4,884,383$3,266,326$10,534,340
87$18,291,478$5,046,871$3,298,901$11,372,386
88$20,077,941$5,214,900$3,330,147$12,288,677
89$22,044,127$5,388,665$3,359,942$13,290,969
90$24,208,288$5,568,370$3,388,160$14,387,804
91$26,590,536$5,754,223$3,414,667$15,588,585
92$29,213,034$5,946,443$3,439,321$16,903,669
93$32,100,199$6,145,254$3,461,974$18,344,461
94$35,278,940$6,350,892$3,482,470$19,923,519
95$38,778,904$6,563,598$3,500,646$21,654,677
96$42,632,763$6,783,625$3,516,328$23,553,168
97$46,876,515$7,011,233$3,529,335$25,635,772
98$51,549,829$7,246,693$3,539,477$27,920,971
99$56,696,416$7,490,285$3,546,554$30,429,123
100$62,364,443$7,742,301$3,550,356$33,182,650