Can I retire at age 65 with 2,370,000?

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 $2,370,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$195,712$193,969$192,268$190,608$188,987$187,875
2 years$96,887$95,083$93,334$91,639$89,994$88,872
3 years$63,950$62,138$60,393$58,714$57,096$55,999
4 years$47,484$45,678$43,951$42,300$40,721$39,657
5 years$37,608$35,812$34,108$32,490$30,956$29,928
6 years$31,025$29,243$27,564$25,983$24,494$23,504
7 years$26,326$24,558$22,906$21,362$19,920$18,969
8 years$22,802$21,051$19,426$17,920$16,526$15,613
9 years$20,064$18,329$16,732$15,264$13,917$13,042
10 years$17,874$16,156$14,587$13,158$11,858$11,021
11 years$16,083$14,383$12,842$11,451$10,198$9,398
12 years$14,592$12,909$11,397$10,044$8,838$8,074
13 years$13,332$11,666$10,183$8,867$7,707$6,978
14 years$12,252$10,604$9,149$7,872$6,756$6,062
15 years$11,317$9,687$8,260$7,020$5,948$5,289
16 years$10,500$8,888$7,489$6,286$5,257$4,630
17 years$9,780$8,185$6,815$5,648$4,661$4,067
18 years$9,140$7,564$6,221$5,090$4,145$3,581
19 years$8,569$7,010$5,695$4,599$3,694$3,160
20 years$8,055$6,514$5,227$4,165$3,300$2,795
21 years$7,591$6,067$4,808$3,780$2,953$2,476
22 years$7,169$5,664$4,431$3,437$2,647$2,196
23 years$6,785$5,297$4,091$3,130$2,376$1,951
24 years$6,433$4,963$3,784$2,855$2,136$1,735
25 years$6,110$4,658$3,504$2,607$1,922$1,545
26 years$5,813$4,377$3,250$2,384$1,731$1,377
27 years$5,537$4,120$3,018$2,182$1,561$1,228
28 years$5,282$3,882$2,806$1,999$1,408$1,096
29 years$5,045$3,662$2,611$1,833$1,272$978
30 years$4,824$3,458$2,432$1,683$1,149$874
31 years$4,618$3,269$2,267$1,545$1,039$781
32 years$4,425$3,094$2,115$1,420$940$699
33 years$4,244$2,930$1,975$1,306$850$625
34 years$4,074$2,777$1,845$1,202$770$560
35 years$3,915$2,634$1,725$1,106$697$501
36 years$3,764$2,500$1,614$1,019$632$449
37 years$3,622$2,374$1,511$939$573$402
38 years$3,488$2,256$1,415$865$519$360
39 years$3,361$2,145$1,325$798$471$323
40 years$3,240$2,041$1,242$736$427$289
41 years$3,126$1,943$1,165$679$387$259
42 years$3,017$1,851$1,093$626$352$232
43 years$2,914$1,763$1,025$578$319$208
44 years$2,816$1,681$963$534$290$187
45 years$2,722$1,603$904$493$263$168
46 years$2,633$1,529$849$456$239$150
47 years$2,548$1,459$797$421$217$135
48 years$2,466$1,393$749$389$197$121
49 years$2,388$1,330$704$359$179$109
50 years$2,314$1,271$662$332$162$97

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $2,370,000, adding $6,604 every year, while hoping to spend $40,532 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: 69/21/10 Blend
64$2,370,000$2,370,000$2,370,000$2,370,000
65$2,618,552$2,492,942$2,456,207$2,793,541
66$2,842,519$2,571,970$2,495,364$2,989,493
67$3,087,971$2,653,513$2,534,475$3,198,249
68$3,357,059$2,737,649$2,573,494$3,425,543
69$3,652,148$2,824,463$2,612,375$3,673,187
70$3,975,845$2,914,040$2,651,068$3,943,177
71$4,331,022$3,006,469$2,689,519$4,237,711
72$4,720,840$3,101,840$2,727,672$4,559,206
73$5,148,784$3,200,248$2,765,467$4,910,328
74$5,618,690$3,301,790$2,802,840$5,294,008
75$6,134,785$3,406,566$2,839,724$5,713,476
76$6,701,726$3,514,681$2,876,048$6,172,288
77$7,324,643$3,626,241$2,911,736$6,674,361
78$8,009,186$3,741,357$2,946,709$7,224,008
79$8,761,582$3,860,142$2,980,883$7,825,979
80$9,588,689$3,982,715$3,014,168$8,485,507
81$10,498,064$4,109,197$3,046,471$9,208,355
82$11,498,032$4,239,713$3,077,694$10,000,871
83$12,597,766$4,374,393$3,107,731$10,870,047
84$13,807,370$4,513,371$3,136,473$11,823,586
85$15,137,981$4,656,785$3,163,803$12,869,972
86$16,601,865$4,804,777$3,189,600$14,018,553
87$18,212,539$4,957,495$3,213,736$15,279,626
88$19,984,896$5,115,091$3,236,074$16,664,536
89$21,935,346$5,277,721$3,256,473$18,185,779
90$24,081,970$5,445,547$3,274,784$19,857,124
91$26,444,689$5,618,738$3,290,848$21,693,742
92$29,045,457$5,797,465$3,304,500$23,712,344
93$31,908,460$5,981,907$3,315,567$25,931,344
94$35,060,351$6,172,249$3,323,867$28,371,031
95$38,530,497$6,368,680$3,329,207$31,053,756
96$42,351,259$6,571,396$3,331,387$34,004,150
97$46,558,294$6,780,601$3,330,195$37,249,347
98$51,190,894$6,996,505$3,325,410$40,819,249
99$56,292,354$7,219,322$3,316,801$44,746,800
100$61,910,383$7,449,278$3,304,122$49,068,301