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%15.4%
1 years$203,970$202,153$200,381$198,651$196,961$192,591
2 years$100,975$99,095$97,272$95,505$93,791$89,411
3 years$66,648$64,760$62,942$61,191$59,505$55,252
4 years$49,488$47,605$45,805$44,085$42,439$38,346
5 years$39,195$37,323$35,547$33,861$32,262$28,339
6 years$32,335$30,477$28,727$27,079$25,528$21,780
7 years$27,436$25,595$23,872$22,263$20,761$17,189
8 years$23,765$21,939$20,246$18,676$17,223$13,826
9 years$20,910$19,102$17,438$15,908$14,504$11,279
10 years$18,628$16,838$15,202$13,713$12,358$9,302
11 years$16,762$14,989$13,384$11,934$10,629$7,737
12 years$15,208$13,454$11,878$10,468$9,211$6,479
13 years$13,894$12,158$10,612$9,242$8,032$5,455
14 years$12,769$11,052$9,535$8,204$7,041$4,614
15 years$11,795$10,096$8,609$7,316$6,199$3,917
16 years$10,943$9,263$7,805$6,551$5,479$3,335
17 years$10,192$8,531$7,102$5,886$4,858$2,848
18 years$9,526$7,883$6,484$5,304$4,319$2,436
19 years$8,930$7,306$5,935$4,793$3,850$2,088
20 years$8,395$6,789$5,447$4,341$3,439$1,793
21 years$7,911$6,323$5,010$3,940$3,077$1,541
22 years$7,472$5,903$4,618$3,582$2,758$1,326
23 years$7,071$5,521$4,264$3,262$2,476$1,142
24 years$6,705$5,172$3,943$2,975$2,226$985
25 years$6,368$4,854$3,652$2,717$2,003$850
26 years$6,058$4,562$3,387$2,485$1,804$734
27 years$5,771$4,293$3,145$2,274$1,626$634
28 years$5,505$4,046$2,924$2,084$1,468$547
29 years$5,258$3,817$2,721$1,911$1,325$473
30 years$5,028$3,604$2,535$1,754$1,197$409
31 years$4,813$3,407$2,363$1,611$1,083$354
32 years$4,612$3,224$2,205$1,480$979$306
33 years$4,423$3,053$2,058$1,361$886$265
34 years$4,246$2,894$1,923$1,252$802$229
35 years$4,080$2,745$1,798$1,153$727$199
36 years$3,923$2,605$1,682$1,062$658$172
37 years$3,775$2,474$1,574$978$597$149
38 years$3,635$2,351$1,474$902$541$129
39 years$3,502$2,236$1,381$831$491$112
40 years$3,377$2,127$1,295$767$445$97
41 years$3,258$2,025$1,214$707$404$84
42 years$3,145$1,929$1,139$653$366$73
43 years$3,037$1,838$1,069$603$332$63
44 years$2,935$1,752$1,003$557$302$54
45 years$2,837$1,670$942$514$274$47
46 years$2,744$1,593$885$475$249$41
47 years$2,655$1,521$831$439$226$35
48 years$2,570$1,452$781$405$205$31
49 years$2,489$1,386$734$375$186$27
50 years$2,412$1,324$690$346$169$23

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 $5,675 every year, while hoping to spend $58,870 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: 62/30/8 Blend
64$2,470,000$2,470,000$2,470,000$2,470,000
65$2,727,794$2,596,884$2,558,599$2,892,050
66$2,943,392$2,661,494$2,581,675$3,067,118
67$3,179,007$2,727,297$2,603,550$3,250,776
68$3,436,620$2,794,289$2,624,124$3,449,735
69$3,718,411$2,862,464$2,643,287$3,665,474
70$4,026,778$2,931,814$2,660,927$3,899,620
71$4,364,366$3,002,329$2,676,924$4,153,967
72$4,734,083$3,073,996$2,691,153$4,430,488
73$5,139,135$3,146,797$2,703,482$4,731,358
74$5,583,050$3,220,714$2,713,772$5,058,969
75$6,069,717$3,295,724$2,721,879$5,415,958
76$6,603,415$3,371,801$2,727,649$5,805,231
77$7,188,859$3,448,916$2,730,921$6,229,986
78$7,831,244$3,527,033$2,731,528$6,693,746
79$8,536,289$3,606,117$2,729,293$7,200,395
80$9,310,296$3,686,122$2,724,030$7,754,208
81$10,160,206$3,767,001$2,715,544$8,359,897
82$11,093,665$3,848,702$2,703,633$9,022,653
83$12,119,096$3,931,166$2,688,081$9,748,195
84$13,245,778$4,014,327$2,668,666$10,542,824
85$14,483,933$4,098,115$2,645,153$11,413,484
86$15,844,824$4,182,452$2,617,294$12,367,823
87$17,340,856$4,267,252$2,584,834$13,414,270
88$18,985,699$4,352,423$2,547,502$14,562,115
89$20,794,413$4,437,865$2,505,016$15,821,591
90$22,783,589$4,523,466$2,457,079$17,203,975
91$24,971,507$4,609,108$2,403,384$18,721,695
92$27,378,309$4,694,662$2,343,605$20,388,446
93$30,026,185$4,779,990$2,277,405$22,219,316
94$32,939,587$4,864,940$2,204,429$24,230,936
95$36,145,453$4,949,350$2,124,306$26,441,631
96$39,673,468$5,033,047$2,036,648$28,871,594
97$43,556,337$5,115,842$1,941,052$31,543,081
98$47,830,099$5,197,533$1,837,092$34,480,615
99$52,534,461$5,277,904$1,724,327$37,711,221
100$57,713,177$5,356,723$1,602,293$41,264,685