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

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 $2,350,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$194,061$192,332$190,646$189,000$187,392$186,211
2 years$96,070$94,280$92,546$90,865$89,234$88,043
3 years$63,410$61,613$59,884$58,218$56,614$55,449
4 years$47,084$45,292$43,580$41,943$40,378$39,248
5 years$37,290$35,510$33,820$32,216$30,694$29,604
6 years$30,764$28,996$27,331$25,764$24,287$23,238
7 years$26,103$24,351$22,713$21,182$19,752$18,743
8 years$22,610$20,873$19,262$17,769$16,386$15,418
9 years$19,894$18,174$16,590$15,135$13,800$12,872
10 years$17,723$16,020$14,464$13,047$11,758$10,870
11 years$15,948$14,261$12,734$11,354$10,112$9,264
12 years$14,469$12,800$11,301$9,959$8,763$7,954
13 years$13,219$11,568$10,097$8,793$7,642$6,870
14 years$12,149$10,515$9,072$7,805$6,699$5,964
15 years$11,222$9,605$8,191$6,961$5,898$5,200
16 years$10,411$8,813$7,426$6,233$5,213$4,550
17 years$9,697$8,116$6,757$5,600$4,622$3,993
18 years$9,063$7,500$6,169$5,047$4,110$3,513
19 years$8,496$6,951$5,647$4,560$3,663$3,099
20 years$7,987$6,459$5,183$4,130$3,272$2,738
21 years$7,527$6,016$4,767$3,748$2,928$2,424
22 years$7,109$5,616$4,394$3,408$2,624$2,149
23 years$6,728$5,252$4,057$3,104$2,356$1,907
24 years$6,379$4,921$3,752$2,831$2,117$1,695
25 years$6,059$4,618$3,475$2,585$1,905$1,508
26 years$5,763$4,340$3,223$2,364$1,716$1,343
27 years$5,491$4,085$2,993$2,164$1,547$1,196
28 years$5,238$3,849$2,782$1,982$1,396$1,067
29 years$5,003$3,631$2,589$1,818$1,261$952
30 years$4,784$3,429$2,411$1,668$1,139$850
31 years$4,579$3,242$2,248$1,532$1,030$759
32 years$4,388$3,067$2,098$1,408$932$678
33 years$4,209$2,905$1,958$1,295$843$606
34 years$4,040$2,753$1,830$1,191$763$542
35 years$3,882$2,611$1,711$1,097$691$485
36 years$3,732$2,479$1,600$1,010$626$434
37 years$3,591$2,354$1,498$931$568$388
38 years$3,458$2,237$1,403$858$515$348
39 years$3,332$2,127$1,314$791$467$311
40 years$3,213$2,024$1,232$730$423$279
41 years$3,100$1,927$1,155$673$384$250
42 years$2,992$1,835$1,084$621$349$224
43 years$2,890$1,748$1,017$573$316$200
44 years$2,792$1,666$954$529$287$180
45 years$2,699$1,589$896$489$261$161
46 years$2,611$1,516$842$452$237$144
47 years$2,526$1,447$791$417$215$129
48 years$2,446$1,381$743$386$195$116
49 years$2,368$1,319$698$356$177$104
50 years$2,294$1,260$657$329$161$93

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 $3,804 every year, while hoping to spend $53,928 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: 78/14/8 Blend
64$2,350,000$2,350,000$2,350,000$2,350,000
65$2,593,624$2,469,074$2,432,649$2,792,765
66$2,800,794$2,532,679$2,456,764$2,987,638
67$3,027,289$2,597,594$2,479,879$3,193,929
68$3,275,022$2,663,826$2,501,904$3,418,584
69$3,546,100$2,731,379$2,522,744$3,663,408
70$3,842,845$2,800,259$2,542,298$3,930,387
71$4,167,811$2,870,468$2,560,461$4,221,710
72$4,523,814$2,942,007$2,577,123$4,539,787
73$4,913,951$3,014,874$2,592,165$4,887,273
74$5,341,637$3,089,065$2,605,465$5,267,090
75$5,810,631$3,164,576$2,616,895$5,682,459
76$6,325,072$3,241,397$2,626,318$6,136,926
77$6,889,522$3,319,518$2,633,592$6,634,398
78$7,509,003$3,398,925$2,638,567$7,179,179
79$8,189,049$3,479,600$2,641,087$7,776,009
80$8,935,755$3,561,523$2,640,986$8,430,112
81$9,755,835$3,644,670$2,638,092$9,147,240
82$10,656,684$3,729,014$2,632,222$9,933,732
83$11,646,452$3,814,521$2,623,188$10,796,572
84$12,734,113$3,901,156$2,610,788$11,743,453
85$13,929,558$3,988,878$2,594,814$12,782,853
86$15,243,679$4,077,639$2,575,047$13,924,110
87$16,688,480$4,167,390$2,551,257$15,177,517
88$18,277,184$4,258,071$2,523,203$16,554,410
89$20,024,360$4,349,619$2,490,634$18,067,283
90$21,946,060$4,441,965$2,453,285$19,729,902
91$24,059,968$4,535,031$2,410,879$21,557,433
92$26,385,570$4,628,733$2,363,129$23,566,590
93$28,944,335$4,722,978$2,309,731$25,775,789
94$31,759,919$4,817,666$2,250,368$28,205,322
95$34,858,384$4,912,685$2,184,710$30,877,549
96$38,268,451$5,007,918$2,112,409$33,817,109
97$42,021,761$5,103,234$2,033,103$37,051,154
98$46,153,181$5,198,494$1,946,413$40,609,601
99$50,701,131$5,293,545$1,851,942$44,525,420
100$55,707,941$5,388,223$1,749,277$48,834,938