Can I retire at age 65 with 2,460,000?

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 $2,460,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.3%
1 years$203,145$201,335$199,570$197,846$196,164$188,828
2 years$100,567$98,694$96,878$95,118$93,411$86,105
3 years$66,378$64,497$62,687$60,943$59,264$52,217
4 years$49,288$47,412$45,620$43,906$42,268$35,533
5 years$39,036$37,172$35,403$33,724$32,131$25,727
6 years$32,204$30,354$28,611$26,970$25,424$19,354
7 years$27,325$25,491$23,776$22,173$20,677$14,940
8 years$23,668$21,850$20,164$18,600$17,153$11,744
9 years$20,825$19,025$17,367$15,843$14,446$9,356
10 years$18,552$16,769$15,141$13,657$12,308$7,530
11 years$16,694$14,929$13,330$11,886$10,586$6,108
12 years$15,146$13,399$11,830$10,426$9,173$4,984
13 years$13,838$12,109$10,569$9,204$7,999$4,088
14 years$12,717$11,007$9,496$8,170$7,012$3,365
15 years$11,747$10,055$8,574$7,287$6,174$2,779
16 years$10,899$9,225$7,774$6,524$5,457$2,301
17 years$10,151$8,496$7,074$5,862$4,838$1,909
18 years$9,487$7,851$6,457$5,283$4,302$1,587
19 years$8,894$7,276$5,911$4,774$3,834$1,321
20 years$8,361$6,761$5,425$4,323$3,425$1,101
21 years$7,879$6,298$4,990$3,924$3,065$918
22 years$7,441$5,879$4,599$3,568$2,747$767
23 years$7,043$5,498$4,247$3,249$2,466$640
24 years$6,678$5,152$3,927$2,963$2,217$535
25 years$6,342$4,834$3,637$2,706$1,995$448
26 years$6,033$4,544$3,374$2,474$1,797$374
27 years$5,748$4,276$3,133$2,265$1,620$313
28 years$5,483$4,029$2,912$2,075$1,462$262
29 years$5,237$3,801$2,710$1,903$1,320$220
30 years$5,007$3,590$2,524$1,746$1,193$184
31 years$4,793$3,394$2,353$1,604$1,078$154
32 years$4,593$3,211$2,196$1,474$975$129
33 years$4,405$3,041$2,050$1,356$883$108
34 years$4,229$2,882$1,916$1,247$799$91
35 years$4,063$2,734$1,791$1,148$724$76
36 years$3,907$2,595$1,675$1,057$656$64
37 years$3,760$2,464$1,568$974$594$53
38 years$3,620$2,342$1,468$898$539$45
39 years$3,488$2,227$1,376$828$489$37
40 years$3,363$2,119$1,290$764$443$31
41 years$3,245$2,017$1,209$705$402$26
42 years$3,132$1,921$1,134$650$365$22
43 years$3,025$1,830$1,064$600$331$18
44 years$2,923$1,744$999$554$301$15
45 years$2,826$1,664$938$512$273$13
46 years$2,733$1,587$881$473$248$11
47 years$2,645$1,514$828$437$225$9
48 years$2,560$1,446$778$404$204$8
49 years$2,479$1,381$731$373$186$6
50 years$2,402$1,319$687$345$169$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $2,460,000, adding $6,886 every year, while hoping to spend $46,071 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: 66/29/5 Blend
64$2,460,000$2,460,000$2,460,000$2,460,000
65$2,718,023$2,587,643$2,549,513$2,895,214
66$2,946,242$2,665,418$2,585,902$3,091,413
67$3,196,195$2,745,460$2,621,967$3,299,551
68$3,470,051$2,827,832$2,657,647$3,525,766
69$3,770,198$2,912,597$2,692,879$3,771,812
70$4,099,264$2,999,820$2,727,597$4,039,618
71$4,460,147$3,089,570$2,761,730$4,331,308
72$4,856,038$3,181,914$2,795,203$4,649,218
73$5,290,449$3,276,923$2,827,937$4,995,923
74$5,767,251$3,374,669$2,859,850$5,374,255
75$6,290,709$3,475,226$2,890,853$5,787,334
76$6,865,518$3,578,669$2,920,853$6,238,592
77$7,496,852$3,685,074$2,949,753$6,731,812
78$8,190,410$3,794,522$2,977,449$7,271,158
79$8,952,471$3,907,093$3,003,832$7,861,215
80$9,789,951$4,022,868$3,028,788$8,507,032
81$10,710,470$4,141,933$3,052,197$9,214,173
82$11,722,423$4,264,373$3,073,931$9,988,762
83$12,835,060$4,390,277$3,093,857$10,837,547
84$14,058,569$4,519,734$3,111,835$11,767,959
85$15,404,178$4,652,835$3,127,716$12,788,183
86$16,884,255$4,789,676$3,141,346$13,907,237
87$18,512,429$4,930,350$3,152,561$15,135,053
88$20,303,716$5,074,955$3,161,190$16,482,574
89$22,274,658$5,223,592$3,167,053$17,961,854
90$24,443,486$5,376,360$3,169,962$19,586,172
91$26,830,283$5,533,364$3,169,718$21,370,157
92$29,457,181$5,694,708$3,166,112$23,329,928
93$32,348,564$5,860,499$3,158,928$25,483,241
94$35,531,301$6,030,847$3,147,935$27,849,659
95$39,034,998$6,205,862$3,132,895$30,450,738
96$42,892,276$6,385,657$3,113,555$33,310,225
97$47,139,080$6,570,347$3,089,652$36,454,287
98$51,815,021$6,760,049$3,060,909$39,911,751
99$56,963,742$6,954,880$3,027,038$43,714,385
100$62,633,335$7,154,960$2,987,736$47,897,187