Can I retire at age 65 with 2,490,000?

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 $2,490,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$205,622$203,790$202,003$200,259$198,556$195,832
2 years$101,793$99,897$98,060$96,278$94,551$91,810
3 years$67,188$65,284$63,451$61,687$59,987$57,316
4 years$49,889$47,991$46,176$44,442$42,783$40,203
5 years$39,512$37,625$35,835$34,135$32,523$30,040
6 years$32,596$30,724$28,960$27,298$25,734$23,352
7 years$27,659$25,802$24,066$22,444$20,929$18,648
8 years$23,957$22,117$20,410$18,827$17,363$15,183
9 years$21,079$19,257$17,579$16,037$14,622$12,542
10 years$18,779$16,974$15,326$13,824$12,458$10,478
11 years$16,898$15,111$13,492$12,031$10,715$8,831
12 years$15,331$13,563$11,974$10,553$9,285$7,496
13 years$14,007$12,257$10,698$9,316$8,097$6,400
14 years$12,872$11,141$9,612$8,270$7,098$5,490
15 years$11,890$10,178$8,679$7,375$6,249$4,729
16 years$11,032$9,338$7,868$6,604$5,523$4,086
17 years$10,275$8,600$7,160$5,934$4,897$3,542
18 years$9,603$7,946$6,536$5,347$4,354$3,077
19 years$9,002$7,365$5,984$4,832$3,881$2,678
20 years$8,463$6,844$5,491$4,376$3,467$2,336
21 years$7,975$6,375$5,051$3,972$3,102$2,040
22 years$7,532$5,950$4,655$3,611$2,781$1,784
23 years$7,129$5,565$4,298$3,289$2,496$1,562
24 years$6,759$5,214$3,975$2,999$2,244$1,369
25 years$6,420$4,893$3,682$2,739$2,019$1,201
26 years$6,107$4,599$3,415$2,505$1,819$1,054
27 years$5,818$4,328$3,171$2,293$1,640$926
28 years$5,550$4,078$2,948$2,100$1,479$814
29 years$5,301$3,848$2,743$1,926$1,336$716
30 years$5,069$3,634$2,555$1,768$1,207$630
31 years$4,852$3,435$2,382$1,624$1,091$554
32 years$4,649$3,250$2,223$1,492$987$488
33 years$4,459$3,078$2,075$1,372$893$430
34 years$4,281$2,917$1,939$1,262$809$379
35 years$4,113$2,767$1,813$1,162$733$334
36 years$3,955$2,626$1,696$1,070$664$294
37 years$3,805$2,494$1,587$986$602$259
38 years$3,664$2,370$1,486$909$545$228
39 years$3,531$2,254$1,393$838$495$201
40 years$3,404$2,145$1,305$773$449$178
41 years$3,284$2,041$1,224$713$407$157
42 years$3,170$1,944$1,148$658$369$138
43 years$3,062$1,852$1,077$608$335$122
44 years$2,958$1,766$1,011$561$304$107
45 years$2,860$1,684$950$518$276$95
46 years$2,766$1,606$892$479$251$84
47 years$2,677$1,533$838$442$228$74
48 years$2,591$1,463$787$409$207$65
49 years$2,509$1,397$740$378$188$57
50 years$2,431$1,335$696$349$171$51

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $2,490,000, adding $3,406 every year, while hoping to spend $59,322 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: 41/32/27 Blend
64$2,490,000$2,490,000$2,490,000$2,490,000
65$2,747,493$2,615,523$2,576,928$2,838,196
66$2,964,619$2,680,566$2,600,137$2,969,042
67$3,201,904$2,746,807$2,622,135$3,104,759
68$3,461,341$2,814,243$2,642,820$3,250,523
69$3,745,125$2,882,869$2,662,082$3,407,294
70$4,055,673$2,952,675$2,679,807$3,576,130
71$4,395,647$3,023,650$2,695,874$3,758,195
72$4,767,975$3,095,782$2,710,159$3,954,774
73$5,175,886$3,169,053$2,722,527$4,167,283
74$5,622,934$3,243,444$2,732,839$4,397,282
75$6,113,033$3,318,932$2,740,949$4,646,490
76$6,650,494$3,395,491$2,746,702$4,916,805
77$7,240,064$3,473,090$2,749,936$5,210,316
78$7,886,974$3,551,694$2,750,482$5,529,327
79$8,596,984$3,631,266$2,748,162$5,876,379
80$9,376,439$3,711,761$2,742,788$6,254,272
81$10,232,330$3,793,131$2,734,166$6,666,093
82$11,172,355$3,875,322$2,722,088$7,115,246
83$12,204,997$3,958,275$2,706,340$7,605,483
84$13,339,601$4,041,925$2,686,696$8,140,941
85$14,586,459$4,126,198$2,662,920$8,726,182
86$15,956,913$4,211,016$2,634,762$9,366,234
87$17,463,456$4,296,294$2,601,965$10,066,640
88$19,119,853$4,381,937$2,564,255$10,833,513
89$20,941,269$4,467,843$2,521,349$11,673,591
90$22,944,412$4,553,901$2,472,947$12,594,303
91$25,147,690$4,639,990$2,418,739$13,603,838
92$27,571,385$4,725,980$2,358,398$14,711,227
93$30,237,844$4,811,731$2,291,582$15,926,423
94$33,171,689$4,897,090$2,217,934$17,260,401
95$36,400,047$4,981,894$2,137,082$18,725,258
96$39,952,811$5,065,966$2,048,633$20,334,333
97$43,862,916$5,149,116$1,952,180$22,102,329
98$48,166,651$5,231,140$1,847,295$24,045,455
99$52,904,003$5,311,820$1,733,533$26,181,581
100$58,119,032$5,390,920$1,610,428$28,530,403