Can I retire at age 65 with 2,500,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $2,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.6%
1 years$206,448$204,609$202,815$201,063$199,354$193,204
2 years$102,202$100,298$98,454$96,665$94,930$88,789
3 years$67,458$65,546$63,706$61,934$60,228$54,286
4 years$50,089$48,183$46,362$44,620$42,955$37,260
5 years$39,671$37,776$35,979$34,273$32,654$27,220
6 years$32,727$30,847$29,076$27,408$25,838$20,670
7 years$27,770$25,905$24,162$22,534$21,013$16,111
8 years$24,053$22,206$20,492$18,903$17,432$12,792
9 years$21,164$19,334$17,649$16,101$14,680$10,298
10 years$18,854$17,042$15,387$13,879$12,509$8,377
11 years$16,965$15,172$13,547$12,079$10,758$6,870
12 years$15,393$13,617$12,022$10,595$9,322$5,671
13 years$14,063$12,306$10,741$9,354$8,129$4,704
14 years$12,924$11,186$9,651$8,303$7,126$3,919
15 years$11,938$10,218$8,713$7,405$6,274$3,276
16 years$11,076$9,375$7,900$6,630$5,545$2,746
17 years$10,316$8,634$7,189$5,957$4,917$2,307
18 years$9,642$7,978$6,562$5,369$4,372$1,942
19 years$9,039$7,394$6,008$4,851$3,897$1,638
20 years$8,497$6,871$5,513$4,394$3,481$1,383
21 years$8,007$6,400$5,071$3,988$3,115$1,169
22 years$7,562$5,974$4,674$3,626$2,792$989
23 years$7,157$5,588$4,316$3,302$2,506$837
24 years$6,786$5,235$3,991$3,012$2,253$709
25 years$6,445$4,913$3,697$2,750$2,027$601
26 years$6,131$4,617$3,428$2,515$1,826$510
27 years$5,841$4,346$3,184$2,302$1,646$433
28 years$5,572$4,095$2,960$2,109$1,485$367
29 years$5,322$3,863$2,754$1,934$1,341$312
30 years$5,089$3,648$2,565$1,775$1,212$265
31 years$4,871$3,449$2,392$1,630$1,096$225
32 years$4,668$3,263$2,231$1,498$991$191
33 years$4,477$3,090$2,084$1,378$897$162
34 years$4,298$2,929$1,947$1,268$812$138
35 years$4,129$2,778$1,820$1,167$736$117
36 years$3,971$2,637$1,703$1,075$666$100
37 years$3,821$2,504$1,594$990$604$85
38 years$3,679$2,380$1,492$913$548$72
39 years$3,545$2,263$1,398$841$497$61
40 years$3,418$2,153$1,310$776$450$52
41 years$3,297$2,050$1,229$716$409$44
42 years$3,183$1,952$1,153$661$371$38
43 years$3,074$1,860$1,082$610$337$32
44 years$2,970$1,773$1,015$563$305$27
45 years$2,872$1,691$953$520$277$23
46 years$2,777$1,613$895$481$252$20
47 years$2,688$1,539$841$444$229$17
48 years$2,602$1,469$791$410$208$14
49 years$2,519$1,403$743$379$189$12
50 years$2,441$1,340$699$350$171$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $2,500,000, adding $2,420 every year, while hoping to spend $22,905 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: 83/5/12 Blend
64$2,500,000$2,500,000$2,500,000$2,500,000
65$2,757,496$2,624,996$2,586,246$2,980,371
66$3,014,390$2,729,250$2,648,515$3,230,981
67$3,296,719$2,837,845$2,712,102$3,502,868
68$3,607,055$2,950,969$2,777,027$3,800,777
69$3,948,227$3,068,820$2,843,310$4,127,310
70$4,323,357$3,191,602$2,910,971$4,485,334
71$4,735,880$3,319,532$2,980,030$4,878,006
72$5,189,585$3,452,834$3,050,506$5,308,806
73$5,688,643$3,591,743$3,122,418$5,781,563
74$6,237,651$3,736,505$3,195,785$6,300,497
75$6,841,674$3,887,376$3,270,627$6,870,257
76$7,506,292$4,044,625$3,346,960$7,495,964
77$8,237,655$4,208,533$3,424,804$8,183,259
78$9,042,536$4,379,392$3,504,176$8,938,356
79$9,928,402$4,557,509$3,585,094$9,768,101
80$10,903,478$4,743,205$3,667,573$10,680,037
81$11,976,826$4,936,816$3,751,629$11,682,473
82$13,158,433$5,138,691$3,837,280$12,784,564
83$14,459,303$5,349,196$3,924,539$13,996,395
84$15,891,561$5,568,716$4,013,420$15,329,080
85$17,468,568$5,797,651$4,103,937$16,794,861
86$19,205,045$6,036,420$4,196,103$18,407,227
87$21,117,216$6,285,461$4,289,929$20,181,042
88$23,222,956$6,545,232$4,385,425$22,132,681
89$25,541,963$6,816,214$4,482,602$24,280,187
90$28,095,942$7,098,906$4,581,468$26,643,440
91$30,908,810$7,393,835$4,682,029$29,244,347
92$34,006,925$7,701,549$4,784,293$32,107,042
93$37,419,327$8,022,621$4,888,263$35,258,121
94$41,178,021$8,357,652$4,993,942$38,726,889
95$45,318,272$8,707,270$5,101,333$42,545,634
96$49,878,942$9,072,132$5,210,433$46,749,936
97$54,902,854$9,452,926$5,321,242$51,378,999
98$60,437,197$9,850,372$5,433,756$56,476,024
99$66,533,971$10,265,220$5,547,967$62,088,612
100$73,250,481$10,698,261$5,663,869$68,269,216