Can I retire at age 65 with 2,530,000?

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 $2,530,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.3%
1 years$208,925$207,064$205,248$203,476$201,746$196,550
2 years$103,428$101,502$99,635$97,825$96,069$90,869
3 years$68,267$66,333$64,471$62,677$60,950$55,908
4 years$50,690$48,762$46,918$45,156$43,470$38,625
5 years$40,147$38,230$36,410$34,684$33,045$28,411
6 years$33,120$31,217$29,425$27,737$26,148$21,729
7 years$28,103$26,216$24,452$22,804$21,265$17,061
8 years$24,342$22,472$20,737$19,130$17,641$13,651
9 years$21,418$19,566$17,861$16,294$14,857$11,076
10 years$19,080$17,247$15,572$14,046$12,659$9,084
11 years$17,169$15,354$13,709$12,224$10,887$7,512
12 years$15,577$13,781$12,167$10,722$9,434$6,254
13 years$14,232$12,454$10,870$9,466$8,227$5,234
14 years$13,079$11,320$9,767$8,403$7,212$4,400
15 years$12,081$10,341$8,818$7,494$6,350$3,712
16 years$11,209$9,488$7,995$6,710$5,612$3,140
17 years$10,440$8,738$7,275$6,029$4,976$2,664
18 years$9,757$8,074$6,641$5,433$4,424$2,264
19 years$9,147$7,483$6,080$4,909$3,943$1,928
20 years$8,599$6,954$5,580$4,446$3,522$1,644
21 years$8,103$6,477$5,132$4,035$3,152$1,403
22 years$7,653$6,046$4,730$3,669$2,825$1,199
23 years$7,243$5,655$4,367$3,342$2,536$1,026
24 years$6,868$5,298$4,039$3,048$2,280$878
25 years$6,523$4,972$3,741$2,783$2,051$752
26 years$6,205$4,673$3,470$2,545$1,848$645
27 years$5,911$4,398$3,222$2,329$1,666$553
28 years$5,639$4,144$2,995$2,134$1,503$474
29 years$5,386$3,909$2,787$1,957$1,357$407
30 years$5,150$3,692$2,596$1,796$1,226$349
31 years$4,930$3,490$2,420$1,650$1,109$300
32 years$4,724$3,302$2,258$1,516$1,003$257
33 years$4,531$3,127$2,109$1,394$908$221
34 years$4,350$2,964$1,970$1,283$822$190
35 years$4,179$2,811$1,842$1,181$744$163
36 years$4,018$2,668$1,723$1,088$674$140
37 years$3,867$2,534$1,613$1,002$611$120
38 years$3,723$2,409$1,510$924$554$104
39 years$3,587$2,290$1,415$852$503$89
40 years$3,459$2,179$1,326$785$456$76
41 years$3,337$2,074$1,244$725$414$66
42 years$3,221$1,975$1,167$669$375$57
43 years$3,111$1,882$1,095$617$341$49
44 years$3,006$1,794$1,027$570$309$42
45 years$2,906$1,711$965$526$281$36
46 years$2,811$1,632$906$486$255$31
47 years$2,720$1,558$851$449$231$27
48 years$2,633$1,487$800$415$210$23
49 years$2,550$1,420$752$384$191$20
50 years$2,470$1,356$707$355$173$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $2,530,000, adding $5,801 every year, while hoping to spend $29,378 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: 37/47/16 Blend
64$2,530,000$2,530,000$2,530,000$2,530,000
65$2,794,044$2,659,954$2,620,739$2,883,650
66$3,047,778$2,759,034$2,677,276$3,047,769
67$3,326,409$2,861,984$2,734,722$3,221,700
68$3,632,445$2,968,963$2,793,077$3,408,943
69$3,968,648$3,080,136$2,852,339$3,610,707
70$4,338,064$3,195,676$2,912,506$3,828,318
71$4,744,045$3,315,763$2,973,573$4,063,231
72$5,190,286$3,440,584$3,035,537$4,317,045
73$5,680,859$3,570,336$3,098,391$4,591,514
74$6,220,246$3,705,222$3,162,126$4,888,567
75$6,813,389$3,845,456$3,226,735$5,210,322
76$7,465,731$3,991,259$3,292,207$5,559,106
77$8,183,269$4,142,864$3,358,530$5,937,476
78$8,972,611$4,300,513$3,425,689$6,348,245
79$9,841,037$4,464,458$3,493,669$6,794,503
80$10,796,569$4,634,963$3,562,454$7,279,647
81$11,848,045$4,812,303$3,632,022$7,807,414
82$13,005,204$4,996,764$3,702,354$8,381,913
83$14,278,777$5,188,647$3,773,424$9,007,662
84$15,680,585$5,388,264$3,845,206$9,689,633
85$17,223,657$5,595,941$3,917,673$10,433,293
86$18,922,347$5,812,019$3,990,793$11,244,659
87$20,792,473$6,036,855$4,064,531$12,130,349
88$22,851,463$6,270,819$4,138,850$13,097,647
89$25,118,522$6,514,299$4,213,712$14,154,569
90$27,614,812$6,767,700$4,289,072$15,309,935
91$30,363,651$7,031,445$4,364,883$16,573,454
92$33,390,733$7,305,976$4,441,097$17,955,812
93$36,724,373$7,591,753$4,517,658$19,468,773
94$40,395,769$7,889,259$4,594,510$21,125,286
95$44,439,300$8,198,996$4,671,589$22,939,606
96$48,892,852$8,521,490$4,748,830$24,927,429
97$53,798,169$8,857,289$4,826,162$27,106,035
98$59,201,254$9,206,967$4,903,510$29,494,451
99$65,152,796$9,571,123$4,980,792$32,113,628
100$71,708,656$9,950,383$5,057,924$34,986,637