Can I retire at age 65 with 2,520,000?

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 $2,520,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.8%
1 years$208,099$206,246$204,437$202,672$200,948$195,378
2 years$103,019$101,101$99,241$97,438$95,690$90,119
3 years$67,997$66,070$64,216$62,430$60,709$55,313
4 years$50,490$48,569$46,733$44,977$43,299$38,118
5 years$39,988$38,079$36,266$34,547$32,915$27,964
6 years$32,989$31,094$29,309$27,627$26,044$21,328
7 years$27,992$26,113$24,356$22,714$21,181$16,700
8 years$24,246$22,383$20,655$19,054$17,572$13,323
9 years$21,333$19,489$17,791$16,230$14,798$10,777
10 years$19,005$17,178$15,510$13,990$12,609$8,811
11 years$17,101$15,293$13,655$12,176$10,844$7,263
12 years$15,516$13,726$12,118$10,680$9,397$6,027
13 years$14,175$12,404$10,827$9,429$8,194$5,027
14 years$13,027$11,275$9,728$8,370$7,183$4,211
15 years$12,033$10,300$8,783$7,464$6,325$3,540
16 years$11,165$9,450$7,963$6,683$5,590$2,985
17 years$10,399$8,703$7,246$6,005$4,956$2,522
18 years$9,719$8,042$6,615$5,412$4,407$2,136
19 years$9,111$7,453$6,056$4,890$3,928$1,812
20 years$8,565$6,926$5,558$4,429$3,508$1,539
21 years$8,071$6,451$5,112$4,019$3,140$1,309
22 years$7,623$6,022$4,711$3,655$2,814$1,114
23 years$7,214$5,632$4,350$3,328$2,526$949
24 years$6,840$5,277$4,023$3,036$2,271$809
25 years$6,497$4,952$3,726$2,772$2,043$690
26 years$6,180$4,654$3,456$2,535$1,840$589
27 years$5,888$4,380$3,209$2,320$1,659$503
28 years$5,617$4,128$2,983$2,126$1,497$430
29 years$5,364$3,894$2,776$1,949$1,352$367
30 years$5,130$3,677$2,586$1,789$1,222$314
31 years$4,910$3,476$2,411$1,643$1,104$269
32 years$4,705$3,289$2,249$1,510$999$230
33 years$4,513$3,115$2,100$1,389$904$196
34 years$4,332$2,952$1,962$1,278$819$168
35 years$4,162$2,800$1,835$1,176$741$144
36 years$4,002$2,658$1,716$1,083$672$123
37 years$3,851$2,524$1,606$998$609$105
38 years$3,708$2,399$1,504$920$552$90
39 years$3,573$2,281$1,409$848$501$77
40 years$3,445$2,170$1,321$782$454$66
41 years$3,324$2,066$1,239$722$412$56
42 years$3,208$1,968$1,162$666$374$48
43 years$3,099$1,875$1,090$615$339$41
44 years$2,994$1,787$1,023$568$308$35
45 years$2,895$1,704$961$524$280$30
46 years$2,800$1,626$903$484$254$26
47 years$2,709$1,551$848$447$230$22
48 years$2,622$1,481$797$414$209$19
49 years$2,540$1,414$749$382$190$16
50 years$2,460$1,351$704$353$173$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $2,520,000, adding $6,751 every year, while hoping to spend $54,181 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: 56/30/14 Blend
64$2,520,000$2,520,000$2,520,000$2,520,000
65$2,784,004$2,650,444$2,611,384$2,929,467
66$3,010,324$2,722,667$2,641,217$3,101,123
67$3,257,913$2,796,614$2,670,234$3,281,523
68$3,528,883$2,872,311$2,698,349$3,476,777
69$3,825,559$2,949,785$2,725,475$3,688,316
70$4,150,504$3,029,062$2,751,516$3,917,715
71$4,506,538$3,110,168$2,776,373$4,166,708
72$4,896,766$3,193,127$2,799,943$4,437,206
73$5,324,610$3,277,965$2,822,115$4,731,311
74$5,793,838$3,364,703$2,842,774$5,051,339
75$6,308,600$3,453,364$2,861,798$5,399,841
76$6,873,467$3,543,969$2,879,058$5,779,627
77$7,493,475$3,636,537$2,894,420$6,193,789
78$8,174,169$3,731,087$2,907,743$6,645,737
79$8,921,659$3,827,635$2,918,877$7,139,224
80$9,742,675$3,926,196$2,927,667$7,678,387
81$10,644,632$4,026,784$2,933,947$8,267,781
82$11,635,697$4,129,409$2,937,547$8,912,425
83$12,724,868$4,234,079$2,938,285$9,617,849
84$13,922,058$4,340,802$2,935,970$10,390,144
85$15,238,187$4,449,581$2,930,405$11,236,025
86$16,685,288$4,560,417$2,921,380$12,162,884
87$18,276,617$4,673,307$2,908,675$13,178,872
88$20,026,779$4,788,245$2,892,062$14,292,965
89$21,951,864$4,905,223$2,871,300$15,515,058
90$24,069,602$5,024,227$2,846,137$16,856,049
91$26,399,527$5,145,240$2,816,308$18,327,952
92$28,963,161$5,268,239$2,781,536$19,944,000
93$31,784,218$5,393,198$2,741,533$21,718,779
94$34,888,829$5,520,084$2,695,994$23,668,359
95$38,305,781$5,648,861$2,644,602$25,810,450
96$42,066,800$5,779,483$2,587,025$28,164,567
97$46,206,837$5,911,902$2,522,915$30,752,216
98$50,764,410$6,046,060$2,451,907$33,597,093
99$55,781,955$6,181,893$2,373,622$36,725,315
100$61,306,237$6,319,328$2,287,660$40,165,660