Can I retire at age 65 with 2,440,000?

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 $2,440,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$201,493$199,698$197,947$196,238$194,569$190,953
2 years$99,749$97,891$96,091$94,345$92,652$89,022
3 years$65,839$63,973$62,177$60,448$58,782$55,252
4 years$48,887$47,027$45,249$43,549$41,924$38,521
5 years$38,719$36,870$35,115$33,450$31,870$28,603
6 years$31,942$30,107$28,378$26,750$25,218$22,091
7 years$27,103$25,284$23,582$21,993$20,509$17,523
8 years$23,476$21,673$20,000$18,449$17,014$14,168
9 years$20,656$18,870$17,226$15,715$14,328$11,621
10 years$18,402$16,633$15,018$13,546$12,208$9,637
11 years$16,558$14,807$13,221$11,789$10,500$8,061
12 years$15,023$13,290$11,734$10,341$9,099$6,790
13 years$13,725$12,011$10,483$9,129$7,934$5,752
14 years$12,614$10,917$9,419$8,104$6,955$4,895
15 years$11,651$9,973$8,504$7,227$6,124$4,181
16 years$10,810$9,150$7,710$6,471$5,412$3,583
17 years$10,069$8,427$7,016$5,814$4,799$3,079
18 years$9,410$7,787$6,405$5,240$4,267$2,652
19 years$8,822$7,217$5,863$4,735$3,803$2,288
20 years$8,293$6,706$5,381$4,288$3,397$1,978
21 years$7,815$6,247$4,950$3,892$3,040$1,712
22 years$7,381$5,831$4,562$3,539$2,725$1,483
23 years$6,985$5,454$4,212$3,223$2,446$1,287
24 years$6,623$5,110$3,895$2,939$2,199$1,117
25 years$6,291$4,795$3,608$2,684$1,978$971
26 years$5,984$4,507$3,346$2,454$1,782$844
27 years$5,701$4,241$3,107$2,247$1,607$734
28 years$5,438$3,997$2,889$2,058$1,450$639
29 years$5,194$3,770$2,688$1,888$1,309$557
30 years$4,967$3,561$2,504$1,732$1,183$485
31 years$4,754$3,366$2,334$1,591$1,069$423
32 years$4,556$3,185$2,178$1,462$967$368
33 years$4,370$3,016$2,033$1,345$875$321
34 years$4,195$2,859$1,900$1,237$793$280
35 years$4,030$2,711$1,776$1,139$718$244
36 years$3,875$2,573$1,662$1,049$650$213
37 years$3,729$2,444$1,555$966$590$186
38 years$3,591$2,323$1,457$891$534$162
39 years$3,460$2,209$1,365$821$485$142
40 years$3,336$2,102$1,279$758$440$124
41 years$3,218$2,000$1,199$699$399$108
42 years$3,106$1,905$1,125$645$362$94
43 years$3,000$1,815$1,056$595$328$82
44 years$2,899$1,730$991$550$298$72
45 years$2,803$1,650$930$508$271$63
46 years$2,711$1,574$874$469$246$55
47 years$2,623$1,502$821$433$223$48
48 years$2,539$1,434$772$400$203$42
49 years$2,459$1,369$725$370$184$36
50 years$2,382$1,308$682$342$167$32

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $2,440,000, adding $3,406 every year, while hoping to spend $51,017 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: 52/32/16 Blend
64$2,440,000$2,440,000$2,440,000$2,440,000
65$2,692,393$2,563,073$2,525,253$2,820,537
66$2,912,736$2,634,382$2,555,568$2,980,033
67$3,153,843$2,707,475$2,585,188$3,147,758
68$3,417,780$2,782,386$2,614,036$3,329,052
69$3,706,819$2,859,149$2,642,032$3,525,214
70$4,023,463$2,937,796$2,669,088$3,737,677
71$4,370,470$3,018,361$2,695,116$3,968,017
72$4,750,874$3,100,877$2,720,019$4,217,969
73$5,168,020$3,185,377$2,743,696$4,489,443
74$5,625,590$3,271,893$2,766,042$4,784,543
75$6,127,641$3,360,456$2,786,946$5,105,587
76$6,678,641$3,451,099$2,806,289$5,455,125
77$7,283,512$3,543,852$2,823,949$5,835,968
78$7,947,674$3,638,745$2,839,795$6,251,212
79$8,677,100$3,735,806$2,853,691$6,704,265
80$9,478,368$3,835,065$2,865,494$7,198,884
81$10,358,726$3,936,548$2,875,053$7,739,207
82$11,326,158$4,040,280$2,882,209$8,329,790
83$12,389,459$4,146,287$2,886,796$8,975,655
84$13,558,321$4,254,592$2,888,640$9,682,334
85$14,843,418$4,365,215$2,887,558$10,455,923
86$16,256,512$4,478,177$2,883,357$11,303,135
87$17,810,563$4,593,494$2,875,836$12,231,370
88$19,519,847$4,711,182$2,864,783$13,248,779
89$21,400,095$4,831,254$2,849,977$14,364,344
90$23,468,640$4,953,720$2,831,186$15,587,964
91$25,744,576$5,078,587$2,808,166$16,930,542
92$28,248,945$5,205,860$2,780,662$18,404,095
93$31,004,930$5,335,540$2,748,407$20,021,866
94$34,038,076$5,467,624$2,711,121$21,798,445
95$37,376,527$5,602,105$2,668,511$23,749,909
96$41,051,297$5,738,973$2,620,271$25,893,978
97$45,096,559$5,878,212$2,566,079$28,250,174
98$49,549,965$6,019,801$2,505,600$30,840,013
99$54,453,005$6,163,715$2,438,481$33,687,203
100$59,851,397$6,309,923$2,364,356$36,817,872