Can I retire at age 65 with 2,410,000?

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 $2,410,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$199,016$197,243$195,513$193,825$192,177$190,886
2 years$98,523$96,688$94,909$93,185$91,513$90,211
3 years$65,029$63,186$61,413$59,705$58,059$56,787
4 years$48,286$46,449$44,693$43,014$41,408$40,175
5 years$38,243$36,416$34,683$33,039$31,478$30,287
6 years$31,549$29,737$28,029$26,421$24,908$23,761
7 years$26,770$24,973$23,292$21,722$20,256$19,155
8 years$23,187$21,406$19,754$18,222$16,805$15,748
9 years$20,402$18,638$17,014$15,521$14,152$13,139
10 years$18,175$16,429$14,833$13,380$12,058$11,090
11 years$16,355$14,625$13,059$11,644$10,370$9,445
12 years$14,839$13,127$11,589$10,214$8,987$8,104
13 years$13,557$11,863$10,354$9,017$7,837$6,996
14 years$12,459$10,783$9,303$8,004$6,870$6,069
15 years$11,508$9,851$8,400$7,138$6,049$5,288
16 years$10,677$9,038$7,616$6,392$5,346$4,623
17 years$9,945$8,323$6,930$5,743$4,740$4,055
18 years$9,294$7,691$6,326$5,176$4,214$3,565
19 years$8,713$7,128$5,791$4,677$3,756$3,142
20 years$8,191$6,624$5,315$4,236$3,355$2,775
21 years$7,719$6,170$4,889$3,844$3,003$2,454
22 years$7,290$5,759$4,506$3,495$2,691$2,174
23 years$6,899$5,387$4,160$3,183$2,416$1,929
24 years$6,542$5,047$3,848$2,903$2,172$1,713
25 years$6,213$4,736$3,564$2,651$1,954$1,522
26 years$5,911$4,451$3,305$2,424$1,760$1,354
27 years$5,631$4,189$3,069$2,219$1,587$1,206
28 years$5,371$3,947$2,853$2,033$1,432$1,075
29 years$5,130$3,724$2,655$1,864$1,293$958
30 years$4,906$3,517$2,473$1,711$1,168$855
31 years$4,696$3,325$2,306$1,571$1,056$763
32 years$4,500$3,146$2,151$1,444$955$681
33 years$4,316$2,979$2,008$1,328$865$608
34 years$4,143$2,823$1,877$1,222$783$543
35 years$3,981$2,678$1,755$1,125$709$486
36 years$3,828$2,542$1,641$1,036$642$434
37 years$3,683$2,414$1,536$954$582$388
38 years$3,547$2,294$1,439$880$528$347
39 years$3,417$2,182$1,348$811$479$311
40 years$3,295$2,076$1,263$748$434$278
41 years$3,179$1,976$1,185$690$394$249
42 years$3,068$1,882$1,111$637$357$223
43 years$2,963$1,793$1,043$588$324$199
44 years$2,863$1,709$979$543$294$178
45 years$2,768$1,630$919$501$267$160
46 years$2,677$1,555$863$463$243$143
47 years$2,591$1,484$811$428$220$128
48 years$2,508$1,416$762$395$200$115
49 years$2,429$1,353$716$365$182$103
50 years$2,353$1,292$673$338$165$92

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $2,410,000, adding $2,178 every year, while hoping to spend $34,363 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: 46/42/12 Blend
64$2,410,000$2,410,000$2,410,000$2,410,000
65$2,658,067$2,530,337$2,492,982$2,771,262
66$2,892,627$2,617,761$2,539,935$2,937,281
67$3,149,962$2,708,318$2,587,309$3,113,585
68$3,432,356$2,802,124$2,635,082$3,304,075
69$3,742,330$2,899,301$2,683,230$3,510,080
70$4,082,656$2,999,975$2,731,727$3,733,058
71$4,456,392$3,104,279$2,780,545$3,974,614
72$4,866,904$3,212,349$2,829,654$4,236,511
73$5,317,902$3,324,327$2,879,020$4,520,688
74$5,813,470$3,440,361$2,928,609$4,829,276
75$6,358,109$3,560,605$2,978,384$5,164,620
76$6,956,780$3,685,218$3,028,303$5,529,300
77$7,614,945$3,814,367$3,078,324$5,926,153
78$8,338,622$3,948,224$3,128,401$6,358,301
79$9,134,444$4,086,969$3,178,485$6,829,178
80$10,009,715$4,230,789$3,228,522$7,342,564
81$10,972,487$4,379,878$3,278,458$7,902,618
82$12,031,627$4,534,439$3,328,233$8,513,918
83$13,196,908$4,694,681$3,377,784$9,181,503
84$14,479,097$4,860,825$3,427,044$9,910,918
85$15,890,055$5,033,096$3,475,941$10,708,268
86$17,442,856$5,211,732$3,524,399$11,580,276
87$19,151,900$5,396,981$3,572,340$12,534,340
88$21,033,059$5,589,097$3,619,678$13,578,608
89$23,103,816$5,788,348$3,666,323$14,722,051
90$25,383,441$5,995,013$3,712,180$15,974,546
91$27,893,163$6,209,380$3,757,149$17,346,970
92$30,656,376$6,431,749$3,801,124$18,851,302
93$33,698,857$6,662,436$3,843,992$20,500,734
94$37,049,010$6,901,765$3,885,636$22,309,792
95$40,738,135$7,150,077$3,925,930$24,294,478
96$44,800,719$7,407,725$3,964,743$26,472,413
97$49,274,766$7,675,078$4,001,936$28,863,009
98$54,202,154$7,952,518$4,037,363$31,487,645
99$59,629,028$8,240,446$4,070,869$34,369,869
100$65,606,239$8,539,278$4,102,293$37,535,622