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%16.1%
1 years$201,493$199,698$197,947$196,238$194,569$189,711
2 years$99,749$97,891$96,091$94,345$92,652$87,789
3 years$65,839$63,973$62,177$60,448$58,782$54,065
4 years$48,887$47,027$45,249$43,549$41,924$37,390
5 years$38,719$36,870$35,115$33,450$31,870$27,531
6 years$31,942$30,107$28,378$26,750$25,218$21,079
7 years$27,103$25,284$23,582$21,993$20,509$16,570
8 years$23,476$21,673$20,000$18,449$17,014$13,273
9 years$20,656$18,870$17,226$15,715$14,328$10,783
10 years$18,402$16,633$15,018$13,546$12,208$8,854
11 years$16,558$14,807$13,221$11,789$10,500$7,332
12 years$15,023$13,290$11,734$10,341$9,099$6,111
13 years$13,725$12,011$10,483$9,129$7,934$5,122
14 years$12,614$10,917$9,419$8,104$6,955$4,311
15 years$11,651$9,973$8,504$7,227$6,124$3,642
16 years$10,810$9,150$7,710$6,471$5,412$3,086
17 years$10,069$8,427$7,016$5,814$4,799$2,621
18 years$9,410$7,787$6,405$5,240$4,267$2,231
19 years$8,822$7,217$5,863$4,735$3,803$1,903
20 years$8,293$6,706$5,381$4,288$3,397$1,625
21 years$7,815$6,247$4,950$3,892$3,040$1,389
22 years$7,381$5,831$4,562$3,539$2,725$1,189
23 years$6,985$5,454$4,212$3,223$2,446$1,019
24 years$6,623$5,110$3,895$2,939$2,199$873
25 years$6,291$4,795$3,608$2,684$1,978$749
26 years$5,984$4,507$3,346$2,454$1,782$643
27 years$5,701$4,241$3,107$2,247$1,607$552
28 years$5,438$3,997$2,889$2,058$1,450$475
29 years$5,194$3,770$2,688$1,888$1,309$408
30 years$4,967$3,561$2,504$1,732$1,183$351
31 years$4,754$3,366$2,334$1,591$1,069$302
32 years$4,556$3,185$2,178$1,462$967$259
33 years$4,370$3,016$2,033$1,345$875$223
34 years$4,195$2,859$1,900$1,237$793$192
35 years$4,030$2,711$1,776$1,139$718$165
36 years$3,875$2,573$1,662$1,049$650$142
37 years$3,729$2,444$1,555$966$590$122
38 years$3,591$2,323$1,457$891$534$105
39 years$3,460$2,209$1,365$821$485$91
40 years$3,336$2,102$1,279$758$440$78
41 years$3,218$2,000$1,199$699$399$67
42 years$3,106$1,905$1,125$645$362$58
43 years$3,000$1,815$1,056$595$328$50
44 years$2,899$1,730$991$550$298$43
45 years$2,803$1,650$930$508$271$37
46 years$2,711$1,574$874$469$246$32
47 years$2,623$1,502$821$433$223$27
48 years$2,539$1,434$772$400$203$24
49 years$2,459$1,369$725$370$184$20
50 years$2,382$1,308$682$342$167$18

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 $6,917 every year, while hoping to spend $38,568 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: 56/38/6 Blend
64$2,440,000$2,440,000$2,440,000$2,440,000
65$2,696,015$2,566,695$2,528,875$2,843,161
66$2,929,972$2,651,427$2,572,556$3,027,771
67$3,186,501$2,739,018$2,616,408$3,223,815
68$3,467,862$2,829,568$2,660,396$3,436,375
69$3,776,546$2,923,179$2,704,482$3,667,027
70$4,115,298$3,019,959$2,748,626$3,917,503
71$4,487,139$3,120,018$2,792,785$4,189,711
72$4,895,398$3,223,470$2,836,915$4,485,748
73$5,343,743$3,330,434$2,880,965$4,807,921
74$5,836,213$3,441,033$2,924,886$5,158,769
75$6,377,258$3,555,395$2,968,621$5,541,087
76$6,971,781$3,673,652$3,012,112$5,957,948
77$7,625,182$3,795,941$3,055,298$6,412,737
78$8,343,413$3,922,404$3,098,112$6,909,178
79$9,133,027$4,053,188$3,140,485$7,451,372
80$10,001,247$4,188,445$3,182,343$8,043,830
81$10,956,031$4,328,336$3,223,608$8,691,523
82$12,006,144$4,473,022$3,264,196$9,399,921
83$13,161,245$4,622,675$3,304,022$10,175,046
84$14,431,977$4,777,471$3,342,991$11,023,532
85$15,830,064$4,937,592$3,381,007$11,952,680
86$17,368,427$5,103,230$3,417,966$12,970,534
87$19,061,298$5,274,580$3,453,760$14,085,948
88$20,924,363$5,451,847$3,488,273$15,308,678
89$22,974,903$5,635,243$3,521,386$16,649,465
90$25,231,960$5,824,987$3,552,969$18,120,140
91$27,716,517$6,021,307$3,582,890$19,733,733
92$30,451,691$6,224,441$3,611,006$21,504,598
93$33,462,957$6,434,632$3,637,169$23,448,545
94$36,778,387$6,652,137$3,661,222$25,582,989
95$40,428,910$6,877,219$3,683,001$27,927,112
96$44,448,608$7,110,153$3,702,331$30,502,046
97$48,875,039$7,351,223$3,719,031$33,331,070
98$53,749,584$7,600,724$3,732,910$36,439,829
99$59,117,846$7,858,964$3,743,767$39,856,575
100$65,030,073$8,126,260$3,751,390$43,612,431