Can I retire at age 65 with 2,420,000?

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 $2,420,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$199,841$198,061$196,325$194,629$192,974$189,777
2 years$98,931$97,089$95,303$93,572$91,892$88,681
3 years$65,299$63,449$61,667$59,952$58,300$55,174
4 years$48,486$46,641$44,878$43,192$41,580$38,564
5 years$38,401$36,567$34,827$33,176$31,609$28,710
6 years$31,680$29,860$28,146$26,531$25,011$22,234
7 years$26,881$25,076$23,389$21,813$20,341$17,686
8 years$23,283$21,495$19,836$18,298$16,874$14,341
9 years$20,487$18,715$17,085$15,586$14,211$11,798
10 years$18,251$16,497$14,895$13,435$12,108$9,814
11 years$16,423$14,686$13,113$11,693$10,413$8,235
12 years$14,900$13,181$11,638$10,256$9,024$6,959
13 years$13,613$11,912$10,397$9,055$7,869$5,914
14 years$12,510$10,828$9,342$8,038$6,898$5,050
15 years$11,556$9,891$8,435$7,168$6,074$4,329
16 years$10,722$9,075$7,647$6,418$5,368$3,723
17 years$9,986$8,358$6,959$5,767$4,760$3,210
18 years$9,333$7,723$6,352$5,197$4,232$2,775
19 years$8,749$7,158$5,815$4,696$3,772$2,403
20 years$8,225$6,651$5,337$4,253$3,369$2,085
21 years$7,751$6,195$4,909$3,860$3,015$1,811
22 years$7,320$5,783$4,524$3,510$2,703$1,576
23 years$6,928$5,409$4,177$3,196$2,426$1,372
24 years$6,569$5,068$3,863$2,915$2,181$1,196
25 years$6,239$4,756$3,578$2,662$1,962$1,043
26 years$5,935$4,470$3,319$2,434$1,767$911
27 years$5,654$4,207$3,082$2,228$1,594$796
28 years$5,394$3,964$2,865$2,041$1,438$695
29 years$5,152$3,739$2,666$1,872$1,298$608
30 years$4,926$3,531$2,483$1,718$1,173$532
31 years$4,716$3,338$2,315$1,578$1,061$465
32 years$4,519$3,159$2,160$1,450$959$407
33 years$4,334$2,991$2,017$1,334$868$357
34 years$4,160$2,835$1,884$1,227$786$312
35 years$3,997$2,689$1,762$1,129$712$274
36 years$3,844$2,552$1,648$1,040$645$240
37 years$3,698$2,424$1,543$958$585$210
38 years$3,561$2,304$1,445$883$530$184
39 years$3,432$2,191$1,353$815$481$161
40 years$3,309$2,084$1,269$751$436$141
41 years$3,192$1,984$1,190$693$396$124
42 years$3,081$1,890$1,116$640$359$109
43 years$2,976$1,800$1,047$591$326$95
44 years$2,875$1,716$983$545$296$84
45 years$2,780$1,636$923$504$268$73
46 years$2,689$1,561$867$465$244$64
47 years$2,602$1,490$814$430$221$56
48 years$2,518$1,422$765$397$201$49
49 years$2,439$1,358$719$367$183$43
50 years$2,363$1,297$676$339$166$38

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $2,420,000, adding $3,216 every year, while hoping to spend $35,336 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: 57/24/19 Blend
64$2,420,000$2,420,000$2,420,000$2,420,000
65$2,670,157$2,541,897$2,504,387$2,808,702
66$2,904,916$2,628,853$2,550,687$2,990,267
67$3,162,436$2,718,885$2,597,354$3,183,946
68$3,445,001$2,812,108$2,644,362$3,394,230
69$3,755,128$2,908,638$2,691,685$3,622,724
70$4,095,588$3,008,598$2,739,293$3,871,195
71$4,469,434$3,112,115$2,787,155$4,141,585
72$4,880,030$3,219,322$2,835,238$4,436,034
73$5,331,080$3,330,356$2,883,506$4,756,897
74$5,826,665$3,445,358$2,931,918$5,106,766
75$6,371,282$3,564,478$2,980,435$5,488,494
76$6,969,885$3,687,869$3,029,011$5,905,223
77$7,627,930$3,815,692$3,077,600$6,360,413
78$8,351,430$3,948,112$3,126,151$6,857,871
79$9,147,009$4,085,302$3,174,609$7,401,791
80$10,021,964$4,227,442$3,222,919$7,996,792
81$10,984,336$4,374,719$3,271,019$8,647,960
82$12,042,985$4,527,326$3,318,844$9,360,895
83$13,207,670$4,685,466$3,366,327$10,141,766
84$14,489,147$4,849,349$3,413,393$10,997,367
85$15,899,265$5,019,191$3,459,966$11,935,181
86$17,451,079$5,195,222$3,505,965$12,963,450
87$19,158,977$5,377,675$3,551,303$14,091,254
88$21,038,809$5,566,797$3,595,887$15,328,594
89$23,108,040$5,762,843$3,639,623$16,686,484
90$25,385,917$5,966,079$3,682,406$18,177,061
91$27,893,643$6,176,780$3,724,130$19,813,694
92$30,654,586$6,395,233$3,764,680$21,611,109
93$33,694,493$6,621,739$3,803,935$23,585,532
94$37,041,734$6,856,607$3,841,770$25,754,836
95$40,727,571$7,100,161$3,878,050$28,138,715
96$44,786,453$7,352,738$3,912,634$30,758,863
97$49,256,337$7,614,689$3,945,373$33,639,182
98$54,179,053$7,886,377$3,976,112$36,806,009
99$59,600,690$8,168,184$4,004,686$40,288,359
100$65,572,038$8,460,503$4,030,921$44,118,199