Can I retire at age 65 with 2,510,000?

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 $2,510,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$207,273$205,427$203,626$201,868$200,151$197,896
2 years$102,611$100,700$98,848$97,052$95,310$93,040
3 years$67,728$65,808$63,961$62,182$60,469$58,254
4 years$50,289$48,376$46,547$44,799$43,127$40,984
5 years$39,829$37,927$36,122$34,410$32,784$30,721
6 years$32,858$30,971$29,192$27,518$25,941$23,959
7 years$27,881$26,009$24,259$22,624$21,097$19,197
8 years$24,149$22,295$20,574$18,979$17,502$15,683
9 years$21,249$19,411$17,720$16,166$14,739$13,002
10 years$18,930$17,110$15,449$13,935$12,559$10,901
11 years$17,033$15,232$13,601$12,127$10,801$9,222
12 years$15,454$13,672$12,070$10,637$9,360$7,858
13 years$14,119$12,355$10,784$9,391$8,162$6,735
14 years$12,976$11,230$9,690$8,337$7,155$5,801
15 years$11,986$10,259$8,748$7,435$6,300$5,017
16 years$11,120$9,413$7,932$6,657$5,568$4,353
17 years$10,357$8,669$7,217$5,981$4,937$3,789
18 years$9,680$8,010$6,589$5,390$4,389$3,306
19 years$9,075$7,424$6,032$4,871$3,912$2,890
20 years$8,531$6,899$5,535$4,411$3,495$2,532
21 years$8,039$6,426$5,092$4,003$3,127$2,221
22 years$7,593$5,998$4,693$3,640$2,803$1,952
23 years$7,186$5,610$4,333$3,315$2,516$1,717
24 years$6,813$5,256$4,007$3,024$2,262$1,512
25 years$6,471$4,933$3,711$2,761$2,035$1,332
26 years$6,156$4,636$3,442$2,525$1,833$1,175
27 years$5,864$4,363$3,196$2,311$1,653$1,037
28 years$5,594$4,111$2,971$2,117$1,491$916
29 years$5,343$3,878$2,765$1,942$1,347$809
30 years$5,109$3,663$2,576$1,782$1,217$716
31 years$4,891$3,463$2,401$1,637$1,100$633
32 years$4,687$3,276$2,240$1,504$995$560
33 years$4,495$3,103$2,092$1,383$901$496
34 years$4,315$2,941$1,954$1,273$815$439
35 years$4,146$2,789$1,827$1,171$738$389
36 years$3,986$2,647$1,709$1,079$669$344
37 years$3,836$2,514$1,600$994$606$305
38 years$3,694$2,390$1,498$916$550$270
39 years$3,559$2,272$1,404$845$499$240
40 years$3,432$2,162$1,316$779$452$212
41 years$3,311$2,058$1,234$719$410$188
42 years$3,196$1,960$1,157$664$372$167
43 years$3,086$1,867$1,086$612$338$148
44 years$2,982$1,780$1,019$566$307$131
45 years$2,883$1,697$957$522$278$116
46 years$2,789$1,619$899$482$253$103
47 years$2,698$1,545$845$446$230$91
48 years$2,612$1,475$794$412$208$81
49 years$2,530$1,409$746$381$189$72
50 years$2,451$1,346$701$352$172$64

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $2,510,000, adding $2,265 every year, while hoping to spend $50,897 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: 50/24/26 Blend
64$2,510,000$2,510,000$2,510,000$2,510,000
65$2,768,356$2,635,326$2,596,421$2,886,352
66$2,996,575$2,710,303$2,629,247$3,043,834
67$3,246,365$2,787,248$2,661,467$3,209,620
68$3,519,875$2,866,204$2,693,007$3,388,803
69$3,819,468$2,947,214$2,723,788$3,582,674
70$4,147,747$3,030,320$2,753,729$3,792,658
71$4,507,580$3,115,568$2,782,741$4,020,322
72$4,902,123$3,203,001$2,810,733$4,267,391
73$5,334,855$3,292,664$2,837,608$4,535,768
74$5,809,606$3,384,600$2,863,264$4,827,548
75$6,330,596$3,478,856$2,887,593$5,145,036
76$6,902,471$3,575,474$2,910,482$5,490,776
77$7,530,352$3,674,501$2,931,811$5,867,567
78$8,219,877$3,775,981$2,951,456$6,278,494
79$8,977,258$3,879,958$2,969,284$6,726,956
80$9,809,340$3,986,477$2,985,156$7,216,698
81$10,723,660$4,095,582$2,998,927$7,751,845
82$11,728,525$4,207,317$3,010,443$8,336,945
83$12,833,085$4,321,726$3,019,542$8,977,006
84$14,047,419$4,438,850$3,026,056$9,677,548
85$15,382,634$4,558,732$3,029,808$10,444,654
86$16,850,966$4,681,413$3,030,609$11,285,027
87$18,465,896$4,806,933$3,028,266$12,206,051
88$20,242,277$4,935,333$3,022,573$13,215,867
89$22,196,473$5,066,648$3,013,313$14,323,442
90$24,346,517$5,200,918$3,000,263$15,538,662
91$26,712,274$5,338,175$2,983,184$16,872,417
92$29,315,634$5,478,454$2,961,829$18,336,712
93$32,180,717$5,621,786$2,935,938$19,944,773
94$35,334,097$5,768,200$2,905,239$21,711,179
95$38,805,056$5,917,723$2,869,446$23,651,995
96$42,625,860$6,070,380$2,828,260$25,784,923
97$46,832,061$6,226,192$2,781,370$28,129,476
98$51,462,832$6,385,177$2,728,447$30,707,155
99$56,561,340$6,547,349$2,669,150$33,541,657
100$62,175,149$6,712,722$2,603,118$36,659,096