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

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 $2,520,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$208,099$206,246$204,437$202,672$200,948$197,052
2 years$103,019$101,101$99,241$97,438$95,690$91,780
3 years$67,997$66,070$64,216$62,430$60,709$56,909
4 years$50,490$48,569$46,733$44,977$43,299$39,635
5 years$39,988$38,079$36,266$34,547$32,915$29,400
6 years$32,989$31,094$29,309$27,627$26,044$22,682
7 years$27,992$26,113$24,356$22,714$21,181$17,971
8 years$24,246$22,383$20,655$19,054$17,572$14,514
9 years$21,333$19,489$17,791$16,230$14,798$11,890
10 years$19,005$17,178$15,510$13,990$12,609$9,848
11 years$17,101$15,293$13,655$12,176$10,844$8,228
12 years$15,516$13,726$12,118$10,680$9,397$6,921
13 years$14,175$12,404$10,827$9,429$8,194$5,855
14 years$13,027$11,275$9,728$8,370$7,183$4,976
15 years$12,033$10,300$8,783$7,464$6,325$4,245
16 years$11,165$9,450$7,963$6,683$5,590$3,632
17 years$10,399$8,703$7,246$6,005$4,956$3,117
18 years$9,719$8,042$6,615$5,412$4,407$2,680
19 years$9,111$7,453$6,056$4,890$3,928$2,309
20 years$8,565$6,926$5,558$4,429$3,508$1,993
21 years$8,071$6,451$5,112$4,019$3,140$1,722
22 years$7,623$6,022$4,711$3,655$2,814$1,490
23 years$7,214$5,632$4,350$3,328$2,526$1,291
24 years$6,840$5,277$4,023$3,036$2,271$1,119
25 years$6,497$4,952$3,726$2,772$2,043$971
26 years$6,180$4,654$3,456$2,535$1,840$843
27 years$5,888$4,380$3,209$2,320$1,659$732
28 years$5,617$4,128$2,983$2,126$1,497$636
29 years$5,364$3,894$2,776$1,949$1,352$553
30 years$5,130$3,677$2,586$1,789$1,222$481
31 years$4,910$3,476$2,411$1,643$1,104$418
32 years$4,705$3,289$2,249$1,510$999$364
33 years$4,513$3,115$2,100$1,389$904$317
34 years$4,332$2,952$1,962$1,278$819$276
35 years$4,162$2,800$1,835$1,176$741$240
36 years$4,002$2,658$1,716$1,083$672$209
37 years$3,851$2,524$1,606$998$609$182
38 years$3,708$2,399$1,504$920$552$159
39 years$3,573$2,281$1,409$848$501$138
40 years$3,445$2,170$1,321$782$454$121
41 years$3,324$2,066$1,239$722$412$105
42 years$3,208$1,968$1,162$666$374$92
43 years$3,099$1,875$1,090$615$339$80
44 years$2,994$1,787$1,023$568$308$70
45 years$2,895$1,704$961$524$280$61
46 years$2,800$1,626$903$484$254$53
47 years$2,709$1,551$848$447$230$46
48 years$2,622$1,481$797$414$209$40
49 years$2,540$1,414$749$382$190$35
50 years$2,460$1,351$704$353$173$30

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 $3,558 every year, while hoping to spend $23,624 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: 30/43/27 Blend
64$2,520,000$2,520,000$2,520,000$2,520,000
65$2,780,710$2,647,150$2,608,090$2,840,904
66$3,039,207$2,751,725$2,670,325$2,992,649
67$3,323,278$2,860,632$2,733,854$3,153,463
68$3,635,508$2,974,058$2,798,694$3,325,993
69$3,978,744$3,092,201$2,864,863$3,511,272
70$4,356,120$3,215,263$2,932,380$3,710,436
71$4,771,092$3,343,459$3,001,263$3,924,726
72$5,227,467$3,477,011$3,071,529$4,155,509
73$5,729,438$3,616,155$3,143,195$4,404,280
74$6,281,627$3,761,132$3,216,278$4,672,682
75$6,889,124$3,912,199$3,290,794$4,962,517
76$7,557,539$4,069,621$3,366,760$5,275,765
77$8,293,053$4,233,677$3,444,191$5,614,599
78$9,102,475$4,404,658$3,523,103$5,981,406
79$9,993,310$4,582,869$3,603,509$6,378,808
80$10,973,825$4,768,627$3,685,424$6,809,686
81$12,053,130$4,962,265$3,768,861$7,277,205
82$13,241,264$5,164,130$3,853,832$7,784,845
83$14,549,286$5,374,586$3,940,349$8,336,429
84$15,989,386$5,594,013$4,028,423$8,936,161
85$17,574,992$5,822,809$4,118,064$9,588,663
86$19,320,902$6,061,388$4,209,281$10,299,017
87$21,243,423$6,310,185$4,302,080$11,072,812
88$23,360,523$6,569,654$4,396,471$11,916,195
89$25,692,000$6,840,271$4,492,456$12,835,928
90$28,259,672$7,122,532$4,590,042$13,839,449
91$31,087,580$7,416,958$4,689,229$14,934,941
92$34,202,215$7,724,091$4,790,021$16,131,408
93$37,632,770$8,044,500$4,892,415$17,438,756
94$41,411,412$8,378,780$4,996,411$18,867,889
95$45,573,589$8,727,553$5,102,003$20,430,806
96$50,158,361$9,091,469$5,209,186$22,140,710
97$55,208,773$9,471,210$5,317,953$24,012,139
98$60,772,256$9,867,487$5,428,292$26,061,090
99$66,901,078$10,281,046$5,540,192$28,305,177
100$73,652,836$10,712,666$5,653,637$30,763,789