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%17.6%
1 years$208,099$206,246$204,437$202,672$200,948$194,750
2 years$103,019$101,101$99,241$97,438$95,690$89,499
3 years$67,997$66,070$64,216$62,430$60,709$54,721
4 years$50,490$48,569$46,733$44,977$43,299$37,558
5 years$39,988$38,079$36,266$34,547$32,915$27,437
6 years$32,989$31,094$29,309$27,627$26,044$20,835
7 years$27,992$26,113$24,356$22,714$21,181$16,240
8 years$24,246$22,383$20,655$19,054$17,572$12,895
9 years$21,333$19,489$17,791$16,230$14,798$10,381
10 years$19,005$17,178$15,510$13,990$12,609$8,444
11 years$17,101$15,293$13,655$12,176$10,844$6,925
12 years$15,516$13,726$12,118$10,680$9,397$5,716
13 years$14,175$12,404$10,827$9,429$8,194$4,742
14 years$13,027$11,275$9,728$8,370$7,183$3,951
15 years$12,033$10,300$8,783$7,464$6,325$3,302
16 years$11,165$9,450$7,963$6,683$5,590$2,768
17 years$10,399$8,703$7,246$6,005$4,956$2,326
18 years$9,719$8,042$6,615$5,412$4,407$1,958
19 years$9,111$7,453$6,056$4,890$3,928$1,651
20 years$8,565$6,926$5,558$4,429$3,508$1,394
21 years$8,071$6,451$5,112$4,019$3,140$1,178
22 years$7,623$6,022$4,711$3,655$2,814$996
23 years$7,214$5,632$4,350$3,328$2,526$844
24 years$6,840$5,277$4,023$3,036$2,271$715
25 years$6,497$4,952$3,726$2,772$2,043$606
26 years$6,180$4,654$3,456$2,535$1,840$514
27 years$5,888$4,380$3,209$2,320$1,659$436
28 years$5,617$4,128$2,983$2,126$1,497$370
29 years$5,364$3,894$2,776$1,949$1,352$314
30 years$5,130$3,677$2,586$1,789$1,222$267
31 years$4,910$3,476$2,411$1,643$1,104$227
32 years$4,705$3,289$2,249$1,510$999$192
33 years$4,513$3,115$2,100$1,389$904$164
34 years$4,332$2,952$1,962$1,278$819$139
35 years$4,162$2,800$1,835$1,176$741$118
36 years$4,002$2,658$1,716$1,083$672$100
37 years$3,851$2,524$1,606$998$609$85
38 years$3,708$2,399$1,504$920$552$73
39 years$3,573$2,281$1,409$848$501$62
40 years$3,445$2,170$1,321$782$454$52
41 years$3,324$2,066$1,239$722$412$45
42 years$3,208$1,968$1,162$666$374$38
43 years$3,099$1,875$1,090$615$339$32
44 years$2,994$1,787$1,023$568$308$27
45 years$2,895$1,704$961$524$280$23
46 years$2,800$1,626$903$484$254$20
47 years$2,709$1,551$848$447$230$17
48 years$2,622$1,481$797$414$209$14
49 years$2,540$1,414$749$382$190$12
50 years$2,460$1,351$704$353$173$10

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 $2,055 every year, while hoping to spend $53,730 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: 62/11/27 Blend
64$2,520,000$2,520,000$2,520,000$2,520,000
65$2,779,160$2,645,600$2,606,540$2,931,286
66$3,005,466$2,718,066$2,636,691$3,107,288
67$3,253,054$2,792,282$2,666,051$3,293,347
68$3,524,039$2,868,277$2,694,537$3,495,357
69$3,820,748$2,946,080$2,722,061$3,714,887
70$4,145,746$3,025,719$2,748,531$3,953,668
71$4,501,854$3,107,221$2,773,849$4,213,603
72$4,892,182$3,190,615$2,797,912$4,496,792
73$5,320,155$3,275,925$2,820,613$4,805,547
74$5,789,544$3,363,178$2,841,836$5,142,416
75$6,304,503$3,452,399$2,861,463$5,510,208
76$6,869,606$3,543,611$2,879,366$5,912,015
77$7,489,895$3,636,837$2,895,413$6,351,247
78$8,170,920$3,732,097$2,909,466$6,831,660
79$8,918,797$3,829,413$2,921,376$7,357,395
80$9,740,262$3,928,802$2,930,990$7,933,014
81$10,642,737$4,030,282$2,938,146$8,563,543
82$11,634,396$4,133,866$2,942,674$9,254,524
83$12,724,247$4,239,568$2,944,397$10,012,061
84$13,922,212$4,347,399$2,943,126$10,842,884
85$15,239,223$4,457,366$2,938,665$11,754,407
86$16,687,322$4,569,475$2,930,809$12,754,802
87$18,279,778$4,683,729$2,919,341$13,853,076
88$20,031,212$4,800,128$2,904,034$15,059,154
89$21,957,728$4,918,667$2,884,653$16,383,973
90$24,077,075$5,039,340$2,860,947$17,839,590
91$26,408,804$5,162,135$2,832,656$19,439,290
92$28,974,459$5,287,037$2,799,507$21,197,715
93$31,797,777$5,414,026$2,761,214$23,131,000
94$34,904,914$5,543,076$2,717,478$25,256,930
95$38,324,687$5,674,159$2,667,986$27,595,104
96$42,088,851$5,807,238$2,612,408$30,167,122
97$46,232,393$5,942,272$2,550,403$32,996,790
98$50,793,866$6,079,213$2,481,611$36,110,343
99$55,815,752$6,218,005$2,405,656$39,536,693
100$61,344,858$6,358,587$2,322,145$43,307,708