Can I retire at age 65 with 2,470,000?

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 $2,470,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$203,970$202,153$200,381$198,651$196,961$195,720
2 years$100,975$99,095$97,272$95,505$93,791$92,539
3 years$66,648$64,760$62,942$61,191$59,505$58,281
4 years$49,488$47,605$45,805$44,085$42,439$41,253
5 years$39,195$37,323$35,547$33,861$32,262$31,116
6 years$32,335$30,477$28,727$27,079$25,528$24,424
7 years$27,436$25,595$23,872$22,263$20,761$19,700
8 years$23,765$21,939$20,246$18,676$17,223$16,205
9 years$20,910$19,102$17,438$15,908$14,504$13,529
10 years$18,628$16,838$15,202$13,713$12,358$11,426
11 years$16,762$14,989$13,384$11,934$10,629$9,737
12 years$15,208$13,454$11,878$10,468$9,211$8,360
13 years$13,894$12,158$10,612$9,242$8,032$7,221
14 years$12,769$11,052$9,535$8,204$7,041$6,269
15 years$11,795$10,096$8,609$7,316$6,199$5,465
16 years$10,943$9,263$7,805$6,551$5,479$4,782
17 years$10,192$8,531$7,102$5,886$4,858$4,197
18 years$9,526$7,883$6,484$5,304$4,319$3,693
19 years$8,930$7,306$5,935$4,793$3,850$3,257
20 years$8,395$6,789$5,447$4,341$3,439$2,878
21 years$7,911$6,323$5,010$3,940$3,077$2,548
22 years$7,472$5,903$4,618$3,582$2,758$2,258
23 years$7,071$5,521$4,264$3,262$2,476$2,005
24 years$6,705$5,172$3,943$2,975$2,226$1,782
25 years$6,368$4,854$3,652$2,717$2,003$1,585
26 years$6,058$4,562$3,387$2,485$1,804$1,411
27 years$5,771$4,293$3,145$2,274$1,626$1,258
28 years$5,505$4,046$2,924$2,084$1,468$1,121
29 years$5,258$3,817$2,721$1,911$1,325$1,001
30 years$5,028$3,604$2,535$1,754$1,197$893
31 years$4,813$3,407$2,363$1,611$1,083$798
32 years$4,612$3,224$2,205$1,480$979$713
33 years$4,423$3,053$2,058$1,361$886$637
34 years$4,246$2,894$1,923$1,252$802$570
35 years$4,080$2,745$1,798$1,153$727$510
36 years$3,923$2,605$1,682$1,062$658$456
37 years$3,775$2,474$1,574$978$597$408
38 years$3,635$2,351$1,474$902$541$365
39 years$3,502$2,236$1,381$831$491$327
40 years$3,377$2,127$1,295$767$445$293
41 years$3,258$2,025$1,214$707$404$262
42 years$3,145$1,929$1,139$653$366$235
43 years$3,037$1,838$1,069$603$332$211
44 years$2,935$1,752$1,003$557$302$189
45 years$2,837$1,670$942$514$274$169
46 years$2,744$1,593$885$475$249$152
47 years$2,655$1,521$831$439$226$136
48 years$2,570$1,452$781$405$205$122
49 years$2,489$1,386$734$375$186$109
50 years$2,412$1,324$690$346$169$98

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $2,470,000, adding $4,797 every year, while hoping to spend $45,857 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: 68/26/6 Blend
64$2,470,000$2,470,000$2,470,000$2,470,000
65$2,726,888$2,595,978$2,557,693$2,909,634
66$2,956,239$2,674,390$2,594,584$3,109,694
67$3,207,447$2,755,106$2,631,174$3,322,353
68$3,482,693$2,838,193$2,667,405$3,553,652
69$3,784,379$2,923,715$2,703,214$3,805,406
70$4,115,149$3,011,741$2,738,536$4,079,613
71$4,477,919$3,102,341$2,773,301$4,378,470
72$4,875,896$3,195,585$2,807,436$4,704,398
73$5,312,616$3,291,547$2,840,863$5,060,059
74$5,791,971$3,390,301$2,873,501$5,448,388
75$6,318,251$3,491,925$2,905,262$5,872,613
76$6,896,180$3,596,496$2,936,056$6,336,291
77$7,530,961$3,704,096$2,965,785$6,843,337
78$8,228,329$3,814,806$2,994,348$7,398,065
79$8,994,598$3,928,711$3,021,638$8,005,222
80$9,836,727$4,045,898$3,047,543$8,670,041
81$10,762,380$4,166,453$3,071,942$9,398,281
82$11,780,002$4,290,469$3,094,712$10,196,289
83$12,898,897$4,418,037$3,115,720$11,071,052
84$14,129,316$4,549,252$3,134,828$12,030,270
85$15,482,551$4,684,211$3,151,890$13,082,423
86$16,971,046$4,823,012$3,166,752$14,236,853
87$18,608,510$4,965,756$3,179,255$15,503,850
88$20,410,047$5,112,547$3,189,229$16,894,752
89$22,392,300$5,263,490$3,196,497$18,422,048
90$24,573,606$5,418,693$3,200,871$20,099,496
91$26,974,170$5,578,265$3,202,157$21,942,257
92$29,616,255$5,742,319$3,200,148$23,967,029
93$32,524,389$5,910,970$3,194,630$26,192,214
94$35,725,603$6,084,333$3,185,376$28,638,084
95$39,249,678$6,262,529$3,172,149$31,326,974
96$43,129,430$6,445,678$3,154,702$34,283,493
97$47,401,021$6,633,905$3,132,773$37,534,757
98$52,104,293$6,827,335$3,106,089$41,110,641
99$57,283,153$7,026,096$3,074,365$45,044,063
100$62,985,980$7,230,320$3,037,302$49,371,295