Can I retire at age 65 with 2,400,000?

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 $2,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.3%
1 years$198,190$196,424$194,702$193,021$191,379$184,223
2 years$98,114$96,286$94,516$92,799$91,133$84,005
3 years$64,759$62,924$61,158$59,457$57,819$50,943
4 years$48,086$46,256$44,507$42,835$41,237$34,666
5 years$38,084$36,265$34,539$32,902$31,347$25,099
6 years$31,418$29,613$27,913$26,312$24,804$18,882
7 years$26,659$24,869$23,196$21,632$20,172$14,575
8 years$23,091$21,318$19,672$18,147$16,735$11,458
9 years$20,318$18,561$16,943$15,457$14,093$9,128
10 years$18,100$16,360$14,772$13,324$12,008$7,346
11 years$16,287$14,565$13,005$11,596$10,327$5,959
12 years$14,777$13,072$11,541$10,171$8,950$4,863
13 years$13,500$11,814$10,311$8,980$7,804$3,988
14 years$12,407$10,738$9,265$7,971$6,841$3,283
15 years$11,460$9,810$8,365$7,109$6,023$2,712
16 years$10,633$9,000$7,584$6,365$5,324$2,245
17 years$9,904$8,289$6,901$5,719$4,720$1,863
18 years$9,256$7,659$6,300$5,154$4,197$1,548
19 years$8,677$7,099$5,767$4,657$3,741$1,289
20 years$8,157$6,596$5,293$4,218$3,341$1,074
21 years$7,687$6,144$4,868$3,828$2,990$896
22 years$7,260$5,735$4,487$3,481$2,680$748
23 years$6,871$5,364$4,143$3,170$2,406$625
24 years$6,515$5,026$3,832$2,891$2,163$522
25 years$6,188$4,717$3,549$2,640$1,946$437
26 years$5,886$4,433$3,291$2,414$1,753$365
27 years$5,607$4,172$3,056$2,210$1,580$306
28 years$5,349$3,931$2,841$2,025$1,426$256
29 years$5,109$3,708$2,644$1,857$1,288$214
30 years$4,885$3,502$2,463$1,704$1,163$179
31 years$4,677$3,311$2,296$1,565$1,052$150
32 years$4,481$3,133$2,142$1,438$951$126
33 years$4,298$2,967$2,000$1,323$861$105
34 years$4,126$2,812$1,869$1,217$780$88
35 years$3,964$2,667$1,747$1,120$706$74
36 years$3,812$2,531$1,634$1,032$640$62
37 years$3,668$2,404$1,530$951$580$52
38 years$3,532$2,285$1,433$876$526$44
39 years$3,403$2,173$1,342$808$477$37
40 years$3,281$2,067$1,258$745$432$31
41 years$3,165$1,968$1,180$687$392$26
42 years$3,056$1,874$1,107$634$356$21
43 years$2,951$1,785$1,038$586$323$18
44 years$2,852$1,702$975$541$293$15
45 years$2,757$1,623$915$499$266$13
46 years$2,666$1,548$860$461$242$11
47 years$2,580$1,477$808$426$219$9
48 years$2,498$1,410$759$394$199$7
49 years$2,419$1,347$713$364$181$6
50 years$2,343$1,287$671$336$164$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $2,400,000, adding $2,712 every year, while hoping to spend $35,671 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: 37/43/20 Blend
64$2,400,000$2,400,000$2,400,000$2,400,000
65$2,647,597$2,520,397$2,483,197$2,729,501
66$2,879,699$2,605,943$2,528,431$2,874,744
67$3,134,279$2,694,485$2,573,984$3,027,979
68$3,413,593$2,786,133$2,619,830$3,192,764
69$3,720,125$2,880,999$2,665,940$3,370,154
70$4,056,611$2,979,201$2,712,282$3,561,314
71$4,426,065$3,080,862$2,758,824$3,767,521
72$4,831,808$3,186,108$2,805,528$3,990,177
73$5,277,496$3,295,071$2,852,357$4,230,825
74$5,767,159$3,407,888$2,899,270$4,491,163
75$6,305,236$3,524,701$2,946,222$4,773,054
76$6,896,615$3,645,657$2,993,166$5,078,550
77$7,546,686$3,770,910$3,040,052$5,409,906
78$8,261,381$3,900,618$3,086,828$5,769,602
79$9,047,242$4,034,948$3,133,436$6,160,368
80$9,911,470$4,174,070$3,179,816$6,585,207
81$10,862,005$4,318,164$3,225,904$7,047,422
82$11,907,590$4,467,415$3,271,633$7,550,648
83$13,057,861$4,622,015$3,316,930$8,098,887
84$14,323,435$4,782,165$3,361,718$8,696,541
85$15,716,007$4,948,074$3,405,918$9,348,458
86$17,248,467$5,119,956$3,449,444$10,059,972
87$18,935,014$5,298,038$3,492,204$10,836,956
88$20,791,297$5,482,553$3,534,104$11,685,877
89$22,834,555$5,673,744$3,575,042$12,613,852
90$25,083,785$5,871,863$3,614,911$13,628,720
91$27,559,920$6,077,173$3,653,600$14,739,110
92$30,286,025$6,289,948$3,690,989$15,954,527
93$33,287,515$6,510,471$3,726,952$17,285,435
94$36,592,395$6,739,037$3,761,359$18,743,359
95$40,231,524$6,975,955$3,794,069$20,340,991
96$44,238,905$7,221,542$3,824,935$22,092,310
97$48,652,007$7,476,131$3,853,805$24,012,712
98$53,512,119$7,740,069$3,880,515$26,119,155
99$58,864,737$8,013,714$3,904,894$28,430,315
100$64,759,995$8,297,441$3,926,762$30,966,766