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%16.4%
1 years$194,061$192,332$190,646$189,000$187,392$182,492
2 years$96,070$94,280$92,546$90,865$89,234$84,331
3 years$63,410$61,613$59,884$58,218$56,614$51,861
4 years$47,084$45,292$43,580$41,943$40,378$35,811
5 years$37,290$35,510$33,820$32,216$30,694$26,327
6 years$30,764$28,996$27,331$25,764$24,287$20,124
7 years$26,103$24,351$22,713$21,182$19,752$15,792
8 years$22,610$20,873$19,262$17,769$16,386$12,628
9 years$19,894$18,174$16,590$15,135$13,800$10,240
10 years$17,723$16,020$14,464$13,047$11,758$8,393
11 years$15,948$14,261$12,734$11,354$10,112$6,936
12 years$14,469$12,800$11,301$9,959$8,763$5,771
13 years$13,219$11,568$10,097$8,793$7,642$4,826
14 years$12,149$10,515$9,072$7,805$6,699$4,054
15 years$11,222$9,605$8,191$6,961$5,898$3,418
16 years$10,411$8,813$7,426$6,233$5,213$2,890
17 years$9,697$8,116$6,757$5,600$4,622$2,449
18 years$9,063$7,500$6,169$5,047$4,110$2,080
19 years$8,496$6,951$5,647$4,560$3,663$1,770
20 years$7,987$6,459$5,183$4,130$3,272$1,508
21 years$7,527$6,016$4,767$3,748$2,928$1,286
22 years$7,109$5,616$4,394$3,408$2,624$1,098
23 years$6,728$5,252$4,057$3,104$2,356$939
24 years$6,379$4,921$3,752$2,831$2,117$803
25 years$6,059$4,618$3,475$2,585$1,905$687
26 years$5,763$4,340$3,223$2,364$1,716$589
27 years$5,491$4,085$2,993$2,164$1,547$504
28 years$5,238$3,849$2,782$1,982$1,396$432
29 years$5,003$3,631$2,589$1,818$1,261$371
30 years$4,784$3,429$2,411$1,668$1,139$318
31 years$4,579$3,242$2,248$1,532$1,030$273
32 years$4,388$3,067$2,098$1,408$932$234
33 years$4,209$2,905$1,958$1,295$843$201
34 years$4,040$2,753$1,830$1,191$763$172
35 years$3,882$2,611$1,711$1,097$691$148
36 years$3,732$2,479$1,600$1,010$626$127
37 years$3,591$2,354$1,498$931$568$109
38 years$3,458$2,237$1,403$858$515$94
39 years$3,332$2,127$1,314$791$467$80
40 years$3,213$2,024$1,232$730$423$69
41 years$3,100$1,927$1,155$673$384$59
42 years$2,992$1,835$1,084$621$349$51
43 years$2,890$1,748$1,017$573$316$44
44 years$2,792$1,666$954$529$287$38
45 years$2,699$1,589$896$489$261$32
46 years$2,611$1,516$842$452$237$28
47 years$2,526$1,447$791$417$215$24
48 years$2,446$1,381$743$386$195$20
49 years$2,368$1,319$698$356$177$18
50 years$2,294$1,260$657$329$161$15

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 $3,564 every year, while hoping to spend $28,896 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: 81/14/5 Blend
64$2,350,000$2,350,000$2,350,000$2,350,000
65$2,593,376$2,468,826$2,432,401$2,802,831
66$2,827,156$2,559,054$2,483,142$3,030,517
67$3,083,812$2,652,734$2,534,613$3,276,120
68$3,365,648$2,750,005$2,586,810$3,544,766
69$3,675,201$2,851,012$2,639,725$3,838,741
70$4,015,266$2,955,906$2,693,350$4,160,562
71$4,388,921$3,064,843$2,747,675$4,513,000
72$4,799,557$3,177,987$2,802,689$4,899,105
73$5,250,912$3,295,509$2,858,379$5,322,237
74$5,747,102$3,417,586$2,914,732$5,786,096
75$6,292,662$3,544,403$2,971,731$6,294,756
76$6,892,589$3,676,154$3,029,360$6,852,707
77$7,552,388$3,813,041$3,087,598$7,464,890
78$8,278,124$3,955,272$3,146,425$8,136,748
79$9,076,481$4,103,068$3,205,818$8,874,280
80$9,954,820$4,256,656$3,265,751$9,684,088
81$10,921,254$4,416,276$3,326,196$10,573,448
82$11,984,723$4,582,174$3,387,125$11,550,375
83$13,155,075$4,754,611$3,448,504$12,623,695
84$14,443,162$4,933,856$3,510,298$13,803,134
85$15,860,941$5,120,192$3,572,470$15,099,404
86$17,421,588$5,313,912$3,634,978$16,524,308
87$19,139,621$5,515,324$3,697,780$18,090,847
88$21,031,034$5,724,747$3,760,829$19,813,344
89$23,113,456$5,942,516$3,824,073$21,707,580
90$25,406,309$6,168,980$3,887,459$23,790,940
91$27,930,994$6,404,501$3,950,931$26,082,579
92$30,711,094$6,649,460$4,014,425$28,603,599
93$33,772,595$6,904,253$4,077,878$31,377,252
94$37,144,132$7,169,294$4,141,219$34,429,153
95$40,857,257$7,445,013$4,204,374$37,787,530
96$44,946,741$7,731,862$4,267,264$41,483,478
97$49,450,896$8,030,311$4,329,805$45,551,263
98$54,411,942$8,340,851$4,391,908$50,028,638
99$59,876,402$8,663,994$4,453,479$54,957,201
100$65,895,542$9,000,277$4,514,417$60,382,787