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%13.8%
1 years$197,364$195,606$193,891$192,217$190,582$187,579
2 years$97,705$95,885$94,122$92,412$90,753$87,736
3 years$64,490$62,662$60,903$59,209$57,578$54,639
4 years$47,885$46,063$44,322$42,657$41,065$38,228
5 years$37,925$36,114$34,396$32,765$31,217$28,490
6 years$31,287$29,490$27,797$26,202$24,701$22,088
7 years$26,548$24,766$23,099$21,542$20,088$17,589
8 years$22,995$21,229$19,590$18,071$16,665$14,280
9 years$20,233$18,483$16,873$15,393$14,035$11,761
10 years$18,025$16,292$14,710$13,269$11,958$9,795
11 years$16,219$14,504$12,951$11,548$10,284$8,230
12 years$14,715$13,018$11,493$10,129$8,912$6,963
13 years$13,444$11,764$10,268$8,942$7,772$5,926
14 years$12,355$10,694$9,226$7,938$6,813$5,066
15 years$11,413$9,769$8,330$7,079$5,998$4,349
16 years$10,589$8,963$7,552$6,339$5,301$3,745
17 years$9,862$8,254$6,872$5,695$4,701$3,234
18 years$9,217$7,627$6,274$5,133$4,180$2,800
19 years$8,641$7,069$5,743$4,638$3,725$2,428
20 years$8,123$6,569$5,271$4,200$3,327$2,110
21 years$7,655$6,119$4,848$3,812$2,978$1,836
22 years$7,230$5,711$4,468$3,466$2,669$1,599
23 years$6,842$5,342$4,126$3,157$2,396$1,395
24 years$6,488$5,005$3,816$2,879$2,154$1,218
25 years$6,162$4,697$3,534$2,629$1,938$1,064
26 years$5,862$4,414$3,278$2,404$1,746$930
27 years$5,584$4,154$3,044$2,201$1,574$814
28 years$5,327$3,915$2,829$2,016$1,420$713
29 years$5,088$3,693$2,633$1,849$1,282$624
30 years$4,865$3,488$2,453$1,697$1,159$547
31 years$4,657$3,297$2,286$1,558$1,047$479
32 years$4,463$3,120$2,133$1,432$948$420
33 years$4,280$2,954$1,992$1,317$858$369
34 years$4,109$2,800$1,861$1,212$776$323
35 years$3,948$2,656$1,740$1,115$703$284
36 years$3,796$2,521$1,628$1,027$637$249
37 years$3,653$2,394$1,523$947$577$218
38 years$3,517$2,275$1,427$872$524$192
39 years$3,389$2,164$1,337$804$475$168
40 years$3,268$2,058$1,253$742$431$148
41 years$3,152$1,959$1,175$685$391$130
42 years$3,043$1,866$1,102$632$354$114
43 years$2,939$1,778$1,034$583$322$100
44 years$2,840$1,695$971$538$292$88
45 years$2,745$1,616$911$497$265$77
46 years$2,655$1,542$856$459$241$68
47 years$2,569$1,471$804$424$219$60
48 years$2,487$1,405$756$392$198$52
49 years$2,409$1,341$710$362$180$46
50 years$2,333$1,281$668$335$164$40

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 $2,934 every year, while hoping to spend $55,814 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: 50/22/28 Blend
64$2,390,000$2,390,000$2,390,000$2,390,000
65$2,636,806$2,510,136$2,473,091$2,747,617
66$2,846,375$2,573,747$2,496,554$2,889,001
67$3,075,449$2,638,605$2,518,933$3,036,797
68$3,325,959$2,704,711$2,540,131$3,196,356
69$3,600,030$2,772,065$2,560,049$3,368,819
70$3,900,004$2,840,667$2,578,581$3,555,445
71$4,228,458$2,910,513$2,595,617$3,757,623
72$4,588,229$2,981,596$2,611,039$3,976,879
73$4,982,444$3,053,910$2,624,724$4,214,901
74$5,414,544$3,127,443$2,636,543$4,473,544
75$5,888,321$3,202,181$2,646,361$4,754,855
76$6,407,950$3,278,108$2,654,035$5,061,090
77$6,978,031$3,355,206$2,659,415$5,394,735
78$7,603,629$3,433,449$2,662,344$5,758,531
79$8,290,324$3,512,813$2,662,657$6,155,499
80$9,044,262$3,593,266$2,660,181$6,588,969
81$9,872,214$3,674,773$2,654,734$7,062,610
82$10,781,638$3,757,296$2,646,126$7,580,468
83$11,780,751$3,840,789$2,634,158$8,147,003
84$12,878,605$3,925,204$2,618,618$8,767,131
85$14,085,170$4,010,487$2,599,290$9,446,269
86$15,411,432$4,096,576$2,575,941$10,190,391
87$16,869,495$4,183,405$2,548,332$11,006,080
88$18,472,693$4,270,901$2,516,210$11,900,594
89$20,235,716$4,358,983$2,479,311$12,881,932
90$22,174,749$4,447,564$2,437,359$13,958,914
91$24,307,626$4,536,547$2,390,063$15,141,258
92$26,653,995$4,625,828$2,337,121$16,439,681
93$29,235,503$4,715,295$2,278,215$17,865,991
94$32,076,004$4,804,824$2,213,015$19,433,208
95$35,201,777$4,894,281$2,141,172$21,155,682
96$38,641,782$4,983,524$2,062,324$23,049,230
97$42,427,923$5,072,397$1,976,092$25,131,288
98$46,595,359$5,160,731$1,882,078$27,421,073
99$51,182,826$5,248,348$1,779,869$29,939,769
100$56,233,009$5,335,052$1,669,029$32,710,725