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%14.7%
1 years$195,712$193,969$192,268$190,608$188,987$185,323
2 years$96,887$95,083$93,334$91,639$89,994$86,317
3 years$63,950$62,138$60,393$58,714$57,096$53,521
4 years$47,484$45,678$43,951$42,300$40,721$37,276
5 years$37,608$35,812$34,108$32,490$30,956$27,650
6 years$31,025$29,243$27,564$25,983$24,494$21,332
7 years$26,326$24,558$22,906$21,362$19,920$16,902
8 years$22,802$21,051$19,426$17,920$16,526$13,650
9 years$20,064$18,329$16,732$15,264$13,917$11,183
10 years$17,874$16,156$14,587$13,158$11,858$9,262
11 years$16,083$14,383$12,842$11,451$10,198$7,738
12 years$14,592$12,909$11,397$10,044$8,838$6,509
13 years$13,332$11,666$10,183$8,867$7,707$5,506
14 years$12,252$10,604$9,149$7,872$6,756$4,680
15 years$11,317$9,687$8,260$7,020$5,948$3,992
16 years$10,500$8,888$7,489$6,286$5,257$3,416
17 years$9,780$8,185$6,815$5,648$4,661$2,931
18 years$9,140$7,564$6,221$5,090$4,145$2,521
19 years$8,569$7,010$5,695$4,599$3,694$2,172
20 years$8,055$6,514$5,227$4,165$3,300$1,874
21 years$7,591$6,067$4,808$3,780$2,953$1,620
22 years$7,169$5,664$4,431$3,437$2,647$1,402
23 years$6,785$5,297$4,091$3,130$2,376$1,214
24 years$6,433$4,963$3,784$2,855$2,136$1,052
25 years$6,110$4,658$3,504$2,607$1,922$913
26 years$5,813$4,377$3,250$2,384$1,731$793
27 years$5,537$4,120$3,018$2,182$1,561$688
28 years$5,282$3,882$2,806$1,999$1,408$598
29 years$5,045$3,662$2,611$1,833$1,272$520
30 years$4,824$3,458$2,432$1,683$1,149$452
31 years$4,618$3,269$2,267$1,545$1,039$394
32 years$4,425$3,094$2,115$1,420$940$342
33 years$4,244$2,930$1,975$1,306$850$298
34 years$4,074$2,777$1,845$1,202$770$260
35 years$3,915$2,634$1,725$1,106$697$226
36 years$3,764$2,500$1,614$1,019$632$197
37 years$3,622$2,374$1,511$939$573$171
38 years$3,488$2,256$1,415$865$519$149
39 years$3,361$2,145$1,325$798$471$130
40 years$3,240$2,041$1,242$736$427$113
41 years$3,126$1,943$1,165$679$387$99
42 years$3,017$1,851$1,093$626$352$86
43 years$2,914$1,763$1,025$578$319$75
44 years$2,816$1,681$963$534$290$65
45 years$2,722$1,603$904$493$263$57
46 years$2,633$1,529$849$456$239$50
47 years$2,548$1,459$797$421$217$43
48 years$2,466$1,393$749$389$197$38
49 years$2,388$1,330$704$359$179$33
50 years$2,314$1,271$662$332$162$29

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 $5,415 every year, while hoping to spend $28,810 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: 82/12/6 Blend
64$2,370,000$2,370,000$2,370,000$2,370,000
65$2,617,326$2,491,716$2,454,981$2,830,499
66$2,853,639$2,583,156$2,506,569$3,062,068
67$3,113,091$2,678,111$2,558,920$3,311,807
68$3,398,011$2,776,724$2,612,028$3,585,070
69$3,710,966$2,879,141$2,665,889$3,884,194
70$4,054,782$2,985,516$2,720,494$4,211,754
71$4,432,574$3,096,011$2,775,835$4,570,583
72$4,847,774$3,210,793$2,831,902$4,963,803
73$5,304,161$3,330,035$2,888,685$5,394,850
74$5,805,899$3,453,921$2,946,170$5,867,510
75$6,357,578$3,582,640$3,004,343$6,385,953
76$6,964,251$3,716,390$3,063,189$6,954,769
77$7,631,488$3,855,376$3,122,689$7,579,017
78$8,365,425$3,999,815$3,182,825$8,264,267
79$9,172,823$4,149,930$3,243,574$9,016,656
80$10,061,130$4,305,956$3,304,913$9,842,942
81$11,038,554$4,468,137$3,366,816$10,750,572
82$12,114,138$4,636,727$3,429,256$11,747,747
83$13,297,845$4,811,991$3,492,201$12,843,503
84$14,600,654$4,994,208$3,555,619$14,047,794
85$16,034,663$5,183,666$3,619,474$15,371,584
86$17,613,200$5,380,667$3,683,727$16,826,955
87$19,350,952$5,585,525$3,748,338$18,427,216
88$21,264,102$5,798,570$3,813,261$20,187,029
89$23,370,484$6,020,143$3,878,448$22,122,548
90$25,689,746$6,250,603$3,943,849$24,251,572
91$28,243,540$6,490,322$4,009,408$26,593,710
92$31,055,725$6,739,691$4,075,067$29,170,567
93$34,152,590$6,999,117$4,140,762$32,005,946
94$37,563,104$7,269,024$4,206,428$35,126,075
95$41,319,189$7,549,855$4,271,992$38,559,851
96$45,456,022$7,842,073$4,337,379$42,339,115
97$50,012,363$8,146,162$4,402,508$46,498,949
98$55,030,926$8,462,625$4,467,294$51,078,008
99$60,558,777$8,791,991$4,531,645$56,118,884
100$66,647,782$9,134,808$4,595,465$61,668,510