Can I retire at age 65 with 2,430,000?

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 $2,430,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$200,667$198,880$197,136$195,434$193,772$191,589
2 years$99,340$97,490$95,697$93,958$92,272$90,075
3 years$65,569$63,711$61,922$60,200$58,541$56,397
4 years$48,687$46,834$45,064$43,371$41,752$39,678
5 years$38,560$36,719$34,971$33,313$31,739$29,742
6 years$31,811$29,983$28,262$26,641$25,114$23,195
7 years$26,992$25,180$23,486$21,903$20,425$18,585
8 years$23,380$21,584$19,918$18,374$16,944$15,184
9 years$20,571$18,793$17,155$15,650$14,269$12,587
10 years$18,326$16,565$14,956$13,491$12,158$10,554
11 years$16,490$14,747$13,167$11,741$10,457$8,928
12 years$14,962$13,236$11,686$10,298$9,061$7,607
13 years$13,669$11,961$10,440$9,092$7,902$6,520
14 years$12,562$10,873$9,381$8,071$6,927$5,616
15 years$11,604$9,932$8,469$7,198$6,099$4,857
16 years$10,766$9,113$7,679$6,445$5,390$4,215
17 years$10,027$8,392$6,987$5,791$4,779$3,668
18 years$9,372$7,755$6,379$5,218$4,249$3,200
19 years$8,786$7,187$5,839$4,715$3,788$2,798
20 years$8,259$6,679$5,359$4,271$3,383$2,451
21 years$7,783$6,221$4,929$3,876$3,028$2,151
22 years$7,351$5,807$4,543$3,524$2,714$1,889
23 years$6,957$5,431$4,195$3,209$2,436$1,662
24 years$6,596$5,089$3,879$2,927$2,190$1,463
25 years$6,265$4,775$3,593$2,673$1,970$1,290
26 years$5,960$4,488$3,332$2,444$1,775$1,138
27 years$5,677$4,224$3,094$2,237$1,600$1,004
28 years$5,416$3,980$2,877$2,050$1,444$887
29 years$5,173$3,755$2,677$1,880$1,304$784
30 years$4,946$3,546$2,494$1,725$1,178$693
31 years$4,735$3,352$2,325$1,584$1,065$613
32 years$4,537$3,172$2,169$1,456$963$542
33 years$4,352$3,004$2,025$1,339$872$480
34 years$4,178$2,847$1,892$1,232$789$425
35 years$4,014$2,700$1,769$1,134$715$376
36 years$3,859$2,563$1,655$1,045$648$333
37 years$3,714$2,434$1,549$962$587$295
38 years$3,576$2,313$1,451$887$532$262
39 years$3,446$2,200$1,359$818$483$232
40 years$3,322$2,093$1,274$754$438$206
41 years$3,205$1,992$1,194$696$397$182
42 years$3,094$1,897$1,120$642$360$162
43 years$2,988$1,808$1,051$593$327$143
44 years$2,887$1,723$987$548$297$127
45 years$2,791$1,643$927$506$270$113
46 years$2,700$1,568$870$467$245$100
47 years$2,612$1,496$818$432$222$89
48 years$2,529$1,428$768$399$202$79
49 years$2,449$1,364$722$369$183$70
50 years$2,373$1,303$679$341$166$62

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $2,430,000, adding $2,961 every year, while hoping to spend $26,150 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: 53/38/9 Blend
64$2,430,000$2,430,000$2,430,000$2,430,000
65$2,680,914$2,552,124$2,514,459$2,816,794
66$2,926,544$2,649,355$2,570,870$3,006,599
67$3,196,352$2,750,474$2,628,295$3,209,898
68$3,492,776$2,855,643$2,686,739$3,430,455
69$3,818,503$2,965,033$2,746,208$3,669,906
70$4,176,491$3,078,821$2,806,708$3,930,052
71$4,570,003$3,197,193$2,868,242$4,212,870
72$5,002,630$3,320,342$2,930,814$4,520,537
73$5,478,328$3,448,469$2,994,427$4,855,444
74$6,001,459$3,581,785$3,059,081$5,220,223
75$6,576,826$3,720,511$3,124,779$5,617,766
76$7,209,722$3,864,875$3,191,518$6,051,258
77$7,905,978$4,015,119$3,259,299$6,524,198
78$8,672,019$4,171,491$3,328,117$7,040,440
79$9,514,925$4,334,254$3,397,969$7,604,222
80$10,442,496$4,503,681$3,468,849$8,220,208
81$11,463,326$4,680,057$3,540,751$8,893,531
82$12,586,885$4,863,679$3,613,666$9,629,840
83$13,823,608$5,054,860$3,687,584$10,435,353
84$15,184,991$5,253,923$3,762,493$11,316,914
85$16,683,704$5,461,209$3,838,381$12,282,055
86$18,333,705$5,677,072$3,915,230$13,339,070
87$20,150,377$5,901,883$3,993,024$14,497,089
88$22,150,669$6,136,028$4,071,744$15,766,163
89$24,353,256$6,379,913$4,151,366$17,157,361
90$26,778,719$6,633,959$4,231,868$18,682,868
91$29,449,733$6,898,608$4,313,221$20,356,102
92$32,391,289$7,174,323$4,395,396$22,191,840
93$35,630,920$7,461,584$4,478,361$24,206,352
94$39,198,968$7,760,896$4,562,081$26,417,559
95$43,128,869$8,072,786$4,646,517$28,845,194
96$47,457,465$8,397,804$4,731,627$31,510,992
97$52,225,356$8,736,526$4,817,365$34,438,891
98$57,477,279$9,089,553$4,903,684$37,655,255
99$63,262,534$9,457,514$4,990,530$41,189,125
100$69,635,446$9,841,065$5,077,847$45,072,486