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

Use the below retirement simulation to view the chances of a successful retirement.
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%11.9%
1 years$199,016$197,243$195,513$193,825$192,177$190,646
2 years$98,523$96,688$94,909$93,185$91,513$89,970
3 years$65,029$63,186$61,413$59,705$58,059$56,552
4 years$48,286$46,449$44,693$43,014$41,408$39,948
5 years$38,243$36,416$34,683$33,039$31,478$30,069
6 years$31,549$29,737$28,029$26,421$24,908$23,552
7 years$26,770$24,973$23,292$21,722$20,256$18,955
8 years$23,187$21,406$19,754$18,222$16,805$15,557
9 years$20,402$18,638$17,014$15,521$14,152$12,957
10 years$18,175$16,429$14,833$13,380$12,058$10,916
11 years$16,355$14,625$13,059$11,644$10,370$9,281
12 years$14,839$13,127$11,589$10,214$8,987$7,948
13 years$13,557$11,863$10,354$9,017$7,837$6,848
14 years$12,459$10,783$9,303$8,004$6,870$5,929
15 years$11,508$9,851$8,400$7,138$6,049$5,155
16 years$10,677$9,038$7,616$6,392$5,346$4,498
17 years$9,945$8,323$6,930$5,743$4,740$3,937
18 years$9,294$7,691$6,326$5,176$4,214$3,455
19 years$8,713$7,128$5,791$4,677$3,756$3,038
20 years$8,191$6,624$5,315$4,236$3,355$2,677
21 years$7,719$6,170$4,889$3,844$3,003$2,362
22 years$7,290$5,759$4,506$3,495$2,691$2,088
23 years$6,899$5,387$4,160$3,183$2,416$1,848
24 years$6,542$5,047$3,848$2,903$2,172$1,637
25 years$6,213$4,736$3,564$2,651$1,954$1,452
26 years$5,911$4,451$3,305$2,424$1,760$1,289
27 years$5,631$4,189$3,069$2,219$1,587$1,145
28 years$5,371$3,947$2,853$2,033$1,432$1,018
29 years$5,130$3,724$2,655$1,864$1,293$905
30 years$4,906$3,517$2,473$1,711$1,168$805
31 years$4,696$3,325$2,306$1,571$1,056$717
32 years$4,500$3,146$2,151$1,444$955$639
33 years$4,316$2,979$2,008$1,328$865$569
34 years$4,143$2,823$1,877$1,222$783$507
35 years$3,981$2,678$1,755$1,125$709$452
36 years$3,828$2,542$1,641$1,036$642$403
37 years$3,683$2,414$1,536$954$582$360
38 years$3,547$2,294$1,439$880$528$321
39 years$3,417$2,182$1,348$811$479$286
40 years$3,295$2,076$1,263$748$434$256
41 years$3,179$1,976$1,185$690$394$228
42 years$3,068$1,882$1,111$637$357$204
43 years$2,963$1,793$1,043$588$324$182
44 years$2,863$1,709$979$543$294$162
45 years$2,768$1,630$919$501$267$145
46 years$2,677$1,555$863$463$243$129
47 years$2,591$1,484$811$428$220$116
48 years$2,508$1,416$762$395$200$103
49 years$2,429$1,353$716$365$182$92
50 years$2,353$1,292$673$338$165$82

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 $5,146 every year, while hoping to spend $44,193 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: 48/24/28 Blend
64$2,410,000$2,410,000$2,410,000$2,410,000
65$2,661,128$2,533,398$2,496,043$2,767,371
66$2,885,542$2,610,514$2,532,640$2,919,751
67$3,131,365$2,689,927$2,568,981$3,080,395
68$3,400,735$2,771,703$2,605,012$3,254,002
69$3,696,004$2,855,911$2,640,674$3,441,818
70$4,019,764$2,942,619$2,675,905$3,645,213
71$4,374,872$3,031,899$2,710,639$3,865,697
72$4,764,471$3,123,824$2,744,808$4,104,931
73$5,192,025$3,218,469$2,778,337$4,364,746
74$5,661,349$3,315,912$2,811,149$4,647,156
75$6,176,646$3,416,231$2,843,162$4,954,381
76$6,742,546$3,519,507$2,874,289$5,288,865
77$7,364,147$3,625,825$2,904,439$5,653,300
78$8,047,068$3,735,269$2,933,516$6,050,652
79$8,797,498$3,847,926$2,961,418$6,484,187
80$9,622,256$3,963,887$2,988,038$6,957,504
81$10,528,852$4,083,244$3,013,264$7,474,566
82$11,525,563$4,206,090$3,036,976$8,039,741
83$12,621,505$4,332,523$3,059,049$8,657,839
84$13,826,724$4,462,642$3,079,352$9,334,162
85$15,152,286$4,596,549$3,097,748$10,074,548
86$16,610,386$4,734,346$3,114,089$10,885,433
87$18,214,458$4,876,142$3,128,223$11,773,905
88$19,979,305$5,022,044$3,139,991$12,747,775
89$21,921,235$5,172,166$3,149,222$13,815,649
90$24,058,219$5,326,621$3,155,739$14,987,012
91$26,410,059$5,485,526$3,159,357$16,272,312
92$28,998,569$5,649,001$3,159,880$17,683,064
93$31,847,790$5,817,169$3,157,103$19,231,955
94$34,984,210$5,990,156$3,150,811$20,932,966
95$38,437,015$6,168,089$3,140,779$22,801,503
96$42,238,365$6,351,100$3,126,770$24,854,541
97$46,423,697$6,539,323$3,108,536$27,110,788
98$51,032,059$6,732,895$3,085,817$29,590,858
99$56,106,479$6,931,956$3,058,341$32,317,467
100$61,694,367$7,136,649$3,025,822$35,315,649