Can I retire at age 65 with 2,380,000?

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 $2,380,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.5%
1 years$196,538$194,788$193,080$191,412$189,785$182,543
2 years$97,296$95,484$93,728$92,025$90,374$83,163
3 years$64,220$62,400$60,648$58,961$57,337$50,384
4 years$47,685$45,871$44,136$42,478$40,893$34,251
5 years$37,766$35,963$34,252$32,627$31,086$24,773
6 years$31,156$29,367$27,680$26,092$24,597$18,616
7 years$26,437$24,662$23,003$21,452$20,004$14,353
8 years$22,899$21,140$19,508$17,996$16,596$11,270
9 years$20,148$18,406$16,802$15,328$13,976$8,967
10 years$17,949$16,224$14,649$13,213$11,908$7,208
11 years$16,151$14,443$12,896$11,499$10,241$5,839
12 years$14,654$12,964$11,445$10,086$8,875$4,759
13 years$13,388$11,715$10,226$8,905$7,739$3,897
14 years$12,304$10,649$9,188$7,905$6,784$3,204
15 years$11,365$9,728$8,295$7,050$5,973$2,642
16 years$10,544$8,925$7,521$6,312$5,279$2,185
17 years$9,821$8,220$6,844$5,671$4,681$1,810
18 years$9,179$7,595$6,247$5,111$4,162$1,502
19 years$8,605$7,039$5,719$4,618$3,710$1,248
20 years$8,089$6,541$5,249$4,183$3,314$1,039
21 years$7,623$6,093$4,828$3,796$2,965$865
22 years$7,199$5,688$4,450$3,452$2,658$721
23 years$6,814$5,319$4,108$3,143$2,386$601
24 years$6,460$4,984$3,800$2,867$2,145$502
25 years$6,136$4,677$3,519$2,618$1,930$419
26 years$5,837$4,396$3,264$2,394$1,738$350
27 years$5,561$4,137$3,031$2,191$1,567$292
28 years$5,305$3,898$2,818$2,008$1,414$244
29 years$5,066$3,678$2,622$1,841$1,277$204
30 years$4,845$3,473$2,442$1,690$1,154$171
31 years$4,638$3,283$2,277$1,552$1,043$143
32 years$4,444$3,107$2,124$1,426$944$119
33 years$4,262$2,942$1,983$1,311$854$100
34 years$4,092$2,788$1,853$1,207$773$84
35 years$3,931$2,645$1,733$1,111$700$70
36 years$3,780$2,510$1,621$1,023$634$58
37 years$3,637$2,384$1,517$943$575$49
38 years$3,502$2,266$1,421$869$521$41
39 years$3,375$2,155$1,331$801$473$34
40 years$3,254$2,050$1,248$739$429$29
41 years$3,139$1,951$1,170$682$389$24
42 years$3,030$1,858$1,097$629$353$20
43 years$2,926$1,771$1,030$581$320$17
44 years$2,828$1,688$967$536$291$14
45 years$2,734$1,609$908$495$264$12
46 years$2,644$1,535$852$457$240$10
47 years$2,559$1,465$801$423$218$8
48 years$2,477$1,399$753$391$198$7
49 years$2,399$1,336$707$361$180$6
50 years$2,324$1,276$665$334$163$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $2,380,000, adding $6,230 every year, while hoping to spend $31,604 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: 75/8/17 Blend
64$2,380,000$2,380,000$2,380,000$2,380,000
65$2,629,186$2,503,046$2,466,156$2,815,816
66$2,863,737$2,592,069$2,515,146$3,029,199
67$3,121,152$2,684,395$2,564,718$3,258,502
68$3,403,732$2,780,152$2,614,858$3,508,993
69$3,714,007$2,879,474$2,665,550$3,782,774
70$4,054,768$2,982,501$2,716,778$4,082,160
71$4,429,087$3,089,376$2,768,523$4,409,698
72$4,840,350$3,200,252$2,820,765$4,768,197
73$5,292,287$3,315,285$2,873,481$5,160,748
74$5,789,004$3,434,638$2,926,647$5,590,755
75$6,335,029$3,558,482$2,980,236$6,061,970
76$6,935,349$3,686,994$3,034,221$6,578,524
77$7,595,456$3,820,359$3,088,569$7,144,968
78$8,321,405$3,958,768$3,143,248$7,766,315
79$9,119,864$4,102,423$3,198,223$8,448,088
80$9,998,180$4,251,532$3,253,453$9,196,370
81$10,964,449$4,406,312$3,308,899$10,017,863
82$12,027,591$4,566,990$3,364,515$10,919,951
83$13,197,434$4,733,801$3,420,255$11,910,768
84$14,484,806$4,906,991$3,476,068$12,999,276
85$15,901,640$5,086,816$3,531,899$14,195,348
86$17,461,080$5,273,544$3,587,691$15,509,862
87$19,177,614$5,467,451$3,643,382$16,954,805
88$21,067,203$5,668,828$3,698,908$18,543,380
89$23,147,434$5,877,978$3,754,197$20,290,137
90$25,437,687$6,095,213$3,809,178$22,211,108
91$27,959,316$6,320,864$3,863,770$24,323,955
92$30,735,852$6,555,271$3,917,892$26,648,140
93$33,793,221$6,798,792$3,971,454$29,205,107
94$37,159,996$7,051,799$4,024,363$32,018,485
95$40,867,657$7,314,678$4,076,521$35,114,308
96$44,950,895$7,587,835$4,127,822$38,521,266
97$49,447,938$7,871,691$4,178,156$42,270,968
98$54,400,909$8,166,685$4,227,406$46,398,246
99$59,856,226$8,473,277$4,275,448$50,941,481
100$65,865,037$8,791,943$4,322,151$55,942,966