Can I retire at age 65 with 2,480,000?

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 $2,480,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$204,796$202,972$201,192$199,455$197,759$194,163
2 years$101,384$99,496$97,666$95,892$94,171$90,561
3 years$66,918$65,022$63,196$61,439$59,746$56,235
4 years$49,688$47,798$45,991$44,263$42,611$39,225
5 years$39,353$37,474$35,691$33,998$32,392$29,142
6 years$32,465$30,600$28,843$27,189$25,631$22,519
7 years$27,548$25,698$23,969$22,353$20,845$17,873
8 years$23,861$22,028$20,328$18,752$17,293$14,459
9 years$20,995$19,179$17,508$15,972$14,563$11,867
10 years$18,703$16,906$15,264$13,768$12,408$9,847
11 years$16,830$15,050$13,438$11,983$10,672$8,242
12 years$15,270$13,508$11,926$10,510$9,248$6,947
13 years$13,950$12,207$10,655$9,279$8,064$5,888
14 years$12,821$11,096$9,574$8,237$7,069$5,014
15 years$11,842$10,137$8,644$7,346$6,224$4,286
16 years$10,987$9,300$7,837$6,577$5,501$3,676
17 years$10,234$8,565$7,131$5,910$4,878$3,161
18 years$9,564$7,915$6,510$5,326$4,337$2,724
19 years$8,966$7,335$5,959$4,812$3,866$2,352
20 years$8,429$6,816$5,469$4,359$3,453$2,035
21 years$7,943$6,349$5,031$3,956$3,090$1,763
22 years$7,502$5,927$4,637$3,597$2,770$1,529
23 years$7,100$5,543$4,281$3,275$2,486$1,327
24 years$6,732$5,193$3,959$2,987$2,235$1,153
25 years$6,394$4,874$3,667$2,728$2,011$1,003
26 years$6,082$4,581$3,401$2,495$1,811$873
27 years$5,794$4,311$3,158$2,283$1,633$760
28 years$5,527$4,062$2,936$2,092$1,474$662
29 years$5,279$3,832$2,732$1,918$1,331$577
30 years$5,048$3,619$2,545$1,761$1,202$503
31 years$4,832$3,421$2,373$1,617$1,087$439
32 years$4,631$3,237$2,214$1,486$983$383
33 years$4,441$3,066$2,067$1,367$890$334
34 years$4,264$2,905$1,931$1,257$806$291
35 years$4,096$2,756$1,805$1,157$730$254
36 years$3,939$2,616$1,689$1,066$661$222
37 years$3,790$2,484$1,581$982$599$194
38 years$3,650$2,361$1,480$905$543$169
39 years$3,517$2,245$1,387$835$493$148
40 years$3,391$2,136$1,300$770$447$129
41 years$3,271$2,033$1,219$710$405$113
42 years$3,157$1,936$1,143$656$368$99
43 years$3,049$1,845$1,073$605$334$86
44 years$2,947$1,759$1,007$559$303$75
45 years$2,849$1,677$946$516$275$66
46 years$2,755$1,600$888$477$250$58
47 years$2,666$1,527$834$440$227$50
48 years$2,581$1,457$784$407$206$44
49 years$2,499$1,392$737$376$187$38
50 years$2,421$1,330$693$348$170$34

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $2,480,000, adding $6,971 every year, while hoping to spend $53,142 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: 59/31/10 Blend
64$2,480,000$2,480,000$2,480,000$2,480,000
65$2,740,151$2,608,711$2,570,271$2,894,989
66$2,963,103$2,679,995$2,599,832$3,071,202
67$3,207,016$2,752,991$2,628,603$3,256,640
68$3,473,971$2,827,726$2,656,500$3,457,540
69$3,766,260$2,904,229$2,683,436$3,675,391
70$4,086,407$2,982,525$2,709,321$3,911,835
71$4,437,194$3,062,642$2,734,056$4,168,677
72$4,821,681$3,144,604$2,757,540$4,447,907
73$5,243,240$3,228,438$2,779,665$4,751,714
74$5,705,585$3,314,166$2,800,318$5,082,508
75$6,212,806$3,401,812$2,819,381$5,442,945
76$6,769,410$3,491,398$2,836,728$5,835,948
77$7,380,359$3,582,945$2,852,227$6,264,738
78$8,051,119$3,676,473$2,865,740$6,732,861
79$8,787,712$3,772,000$2,877,122$7,244,223
80$9,596,773$3,869,541$2,886,219$7,803,128
81$10,485,608$3,969,113$2,892,872$8,414,314
82$11,462,268$4,070,728$2,896,911$9,083,004
83$12,535,622$4,174,396$2,898,160$9,814,948
84$13,715,440$4,280,127$2,896,434$10,616,484
85$15,012,488$4,387,925$2,891,537$11,494,593
86$16,438,623$4,497,795$2,883,265$12,456,964
87$18,006,912$4,609,737$2,871,404$13,512,072
88$19,731,751$4,723,748$2,855,730$14,669,251
89$21,629,000$4,839,821$2,836,007$15,938,789
90$23,716,133$4,957,948$2,811,988$17,332,019
91$26,012,404$5,078,113$2,783,415$18,861,427
92$28,539,027$5,200,299$2,750,018$20,540,774
93$31,319,377$5,324,483$2,711,513$22,385,219
94$34,379,208$5,450,637$2,667,603$24,411,470
95$37,746,897$5,578,728$2,617,977$26,637,933
96$41,453,713$5,708,717$2,562,311$29,084,893
97$45,534,107$5,840,560$2,500,264$31,774,701
98$50,026,043$5,974,204$2,431,480$34,731,986
99$54,971,351$6,109,592$2,355,587$37,983,888
100$60,416,125$6,246,658$2,272,195$41,560,315