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%11.3%
1 years$203,970$202,153$200,381$198,651$196,961$195,884
2 years$100,975$99,095$97,272$95,505$93,791$92,704
3 years$66,648$64,760$62,942$61,191$59,505$58,442
4 years$49,488$47,605$45,805$44,085$42,439$41,409
5 years$39,195$37,323$35,547$33,861$32,262$31,266
6 years$32,335$30,477$28,727$27,079$25,528$24,568
7 years$27,436$25,595$23,872$22,263$20,761$19,838
8 years$23,765$21,939$20,246$18,676$17,223$16,338
9 years$20,910$19,102$17,438$15,908$14,504$13,656
10 years$18,628$16,838$15,202$13,713$12,358$11,546
11 years$16,762$14,989$13,384$11,934$10,629$9,852
12 years$15,208$13,454$11,878$10,468$9,211$8,469
13 years$13,894$12,158$10,612$9,242$8,032$7,325
14 years$12,769$11,052$9,535$8,204$7,041$6,367
15 years$11,795$10,096$8,609$7,316$6,199$5,558
16 years$10,943$9,263$7,805$6,551$5,479$4,870
17 years$10,192$8,531$7,102$5,886$4,858$4,280
18 years$9,526$7,883$6,484$5,304$4,319$3,771
19 years$8,930$7,306$5,935$4,793$3,850$3,331
20 years$8,395$6,789$5,447$4,341$3,439$2,948
21 years$7,911$6,323$5,010$3,940$3,077$2,613
22 years$7,472$5,903$4,618$3,582$2,758$2,320
23 years$7,071$5,521$4,264$3,262$2,476$2,062
24 years$6,705$5,172$3,943$2,975$2,226$1,836
25 years$6,368$4,854$3,652$2,717$2,003$1,636
26 years$6,058$4,562$3,387$2,485$1,804$1,459
27 years$5,771$4,293$3,145$2,274$1,626$1,302
28 years$5,505$4,046$2,924$2,084$1,468$1,163
29 years$5,258$3,817$2,721$1,911$1,325$1,039
30 years$5,028$3,604$2,535$1,754$1,197$929
31 years$4,813$3,407$2,363$1,611$1,083$831
32 years$4,612$3,224$2,205$1,480$979$744
33 years$4,423$3,053$2,058$1,361$886$666
34 years$4,246$2,894$1,923$1,252$802$597
35 years$4,080$2,745$1,798$1,153$727$535
36 years$3,923$2,605$1,682$1,062$658$479
37 years$3,775$2,474$1,574$978$597$430
38 years$3,635$2,351$1,474$902$541$385
39 years$3,502$2,236$1,381$831$491$346
40 years$3,377$2,127$1,295$767$445$310
41 years$3,258$2,025$1,214$707$404$278
42 years$3,145$1,929$1,139$653$366$250
43 years$3,037$1,838$1,069$603$332$224
44 years$2,935$1,752$1,003$557$302$201
45 years$2,837$1,670$942$514$274$180
46 years$2,744$1,593$885$475$249$162
47 years$2,655$1,521$831$439$226$145
48 years$2,570$1,452$781$405$205$131
49 years$2,489$1,386$734$375$186$117
50 years$2,412$1,324$690$346$169$105

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 $2,565 every year, while hoping to spend $22,694 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: 71/22/7 Blend
64$2,470,000$2,470,000$2,470,000$2,470,000
65$2,724,586$2,593,676$2,555,391$2,914,982
66$2,978,347$2,696,620$2,616,850$3,144,026
67$3,257,232$2,803,847$2,679,608$3,391,582
68$3,563,778$2,915,544$2,743,683$3,661,910
69$3,900,783$3,031,905$2,809,096$3,957,245
70$4,271,327$3,153,133$2,875,865$4,280,045
71$4,678,806$3,279,440$2,944,010$4,633,017
72$5,126,960$3,411,048$3,013,550$5,019,141
73$5,619,909$3,548,188$3,084,503$5,441,695
74$6,162,193$3,691,104$3,156,888$5,904,288
75$6,758,816$3,840,047$3,230,723$6,410,896
76$7,415,289$3,995,283$3,306,026$6,965,893
77$8,137,685$4,157,089$3,382,814$7,574,096
78$8,932,696$4,325,753$3,461,105$8,240,808
79$9,807,694$4,501,578$3,540,915$8,971,869
80$10,770,804$4,684,880$3,622,261$9,773,710
81$11,830,977$4,875,990$3,705,158$10,653,413
82$12,998,076$5,075,253$3,789,620$11,618,774
83$14,282,970$5,283,031$3,875,662$12,678,384
84$15,697,635$5,499,701$3,963,299$13,841,699
85$17,255,266$5,725,659$4,052,542$15,119,137
86$18,970,404$5,961,317$4,143,403$16,522,172
87$20,859,072$6,207,109$4,235,894$18,063,439
88$22,938,926$6,463,485$4,330,025$19,756,860
89$25,229,419$6,730,919$4,425,804$21,617,764
90$27,751,991$7,009,905$4,523,239$23,663,041
91$30,530,264$7,300,961$4,622,338$25,911,293
92$33,590,270$7,604,626$4,723,104$28,383,014
93$36,960,692$7,921,468$4,825,543$31,100,777
94$40,673,140$8,252,077$4,929,656$34,089,451
95$44,762,445$8,597,074$5,035,445$37,376,432
96$49,266,990$8,957,106$5,142,908$40,991,900
97$54,229,070$9,332,851$5,252,042$44,969,106
98$59,695,292$9,725,018$5,362,843$49,344,678
99$65,717,018$10,134,349$5,475,303$54,158,973
100$72,350,842$10,561,621$5,589,415$59,456,452