Can I retire at age 65 with 2,390,000?

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 $2,390,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.1%
1 years$197,364$195,606$193,891$192,217$190,582$185,075
2 years$97,705$95,885$94,122$92,412$90,753$85,249
3 years$64,490$62,662$60,903$59,209$57,578$52,248
4 years$47,885$46,063$44,322$42,657$41,065$35,951
5 years$37,925$36,114$34,396$32,765$31,217$26,333
6 years$31,287$29,490$27,797$26,202$24,701$20,051
7 years$26,548$24,766$23,099$21,542$20,088$15,673
8 years$22,995$21,229$19,590$18,071$16,665$12,482
9 years$20,233$18,483$16,873$15,393$14,035$10,079
10 years$18,025$16,292$14,710$13,269$11,958$8,224
11 years$16,219$14,504$12,951$11,548$10,284$6,767
12 years$14,715$13,018$11,493$10,129$8,912$5,603
13 years$13,444$11,764$10,268$8,942$7,772$4,665
14 years$12,355$10,694$9,226$7,938$6,813$3,900
15 years$11,413$9,769$8,330$7,079$5,998$3,271
16 years$10,589$8,963$7,552$6,339$5,301$2,752
17 years$9,862$8,254$6,872$5,695$4,701$2,321
18 years$9,217$7,627$6,274$5,133$4,180$1,961
19 years$8,641$7,069$5,743$4,638$3,725$1,659
20 years$8,123$6,569$5,271$4,200$3,327$1,406
21 years$7,655$6,119$4,848$3,812$2,978$1,193
22 years$7,230$5,711$4,468$3,466$2,669$1,013
23 years$6,842$5,342$4,126$3,157$2,396$861
24 years$6,488$5,005$3,816$2,879$2,154$733
25 years$6,162$4,697$3,534$2,629$1,938$624
26 years$5,862$4,414$3,278$2,404$1,746$531
27 years$5,584$4,154$3,044$2,201$1,574$452
28 years$5,327$3,915$2,829$2,016$1,420$385
29 years$5,088$3,693$2,633$1,849$1,282$329
30 years$4,865$3,488$2,453$1,697$1,159$280
31 years$4,657$3,297$2,286$1,558$1,047$239
32 years$4,463$3,120$2,133$1,432$948$204
33 years$4,280$2,954$1,992$1,317$858$174
34 years$4,109$2,800$1,861$1,212$776$148
35 years$3,948$2,656$1,740$1,115$703$127
36 years$3,796$2,521$1,628$1,027$637$108
37 years$3,653$2,394$1,523$947$577$92
38 years$3,517$2,275$1,427$872$524$79
39 years$3,389$2,164$1,337$804$475$67
40 years$3,268$2,058$1,253$742$431$57
41 years$3,152$1,959$1,175$685$391$49
42 years$3,043$1,866$1,102$632$354$42
43 years$2,939$1,778$1,034$583$322$36
44 years$2,840$1,695$971$538$292$30
45 years$2,745$1,616$911$497$265$26
46 years$2,655$1,542$856$459$241$22
47 years$2,569$1,471$804$424$219$19
48 years$2,487$1,405$756$392$198$16
49 years$2,409$1,341$710$362$180$14
50 years$2,333$1,281$668$335$164$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $2,390,000, adding $4,787 every year, while hoping to spend $59,668 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: 65/17/18 Blend
64$2,390,000$2,390,000$2,390,000$2,390,000
65$2,638,718$2,512,048$2,475,003$2,798,114
66$2,844,381$2,571,652$2,494,429$2,965,192
67$3,069,021$2,632,177$2,512,506$3,140,420
68$3,314,513$2,693,604$2,529,126$3,330,478
69$3,582,916$2,755,914$2,544,175$3,536,818
70$3,876,502$2,819,083$2,557,534$3,761,041
71$4,197,770$2,883,082$2,569,076$4,004,908
72$4,549,472$2,947,882$2,578,669$4,270,360
73$4,934,638$3,013,449$2,586,175$4,559,538
74$5,356,607$3,079,744$2,591,447$4,874,798
75$5,819,054$3,146,724$2,594,334$5,218,737
76$6,326,026$3,214,343$2,594,673$5,594,216
77$6,881,983$3,282,547$2,592,296$6,004,389
78$7,491,834$3,351,281$2,587,027$6,452,729
79$8,160,989$3,420,482$2,578,681$6,943,067
80$8,895,405$3,490,080$2,567,061$7,479,620
81$9,701,644$3,560,002$2,551,965$8,067,039
82$10,586,935$3,630,165$2,533,179$8,710,447
83$11,559,241$3,700,482$2,510,479$9,415,491
84$12,627,333$3,770,855$2,483,631$10,188,395
85$13,800,877$3,841,183$2,452,388$11,036,015
86$15,090,517$3,911,351$2,416,493$11,965,910
87$16,507,981$3,981,239$2,375,677$12,986,410
88$18,066,191$4,050,716$2,329,659$14,106,695
89$19,779,382$4,119,641$2,278,142$15,336,880
90$21,663,238$4,187,862$2,220,818$16,688,117
91$23,735,037$4,255,215$2,157,364$18,172,693
92$26,013,817$4,321,527$2,087,442$19,804,151
93$28,520,554$4,386,610$2,010,699$21,597,418
94$31,278,357$4,450,261$1,926,765$23,568,942
95$34,312,691$4,512,265$1,835,253$25,736,853
96$37,651,611$4,572,391$1,735,759$28,121,131
97$41,326,031$4,630,393$1,627,862$30,743,798
98$45,370,010$4,686,007$1,511,120$33,629,123
99$49,821,081$4,738,951$1,385,072$36,803,852
100$54,720,595$4,788,923$1,249,236$40,297,465