Can I retire at age 65 with 2,540,000?

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 $2,540,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$209,751$207,882$206,060$204,280$202,543$199,516
2 years$103,837$101,903$100,029$98,212$96,449$93,407
3 years$68,537$66,595$64,725$62,925$61,191$58,228
4 years$50,891$48,954$47,103$45,334$43,642$40,780
5 years$40,305$38,381$36,554$34,821$33,176$30,424
6 years$33,251$31,341$29,541$27,847$26,251$23,612
7 years$28,214$26,320$24,549$22,894$21,349$18,824
8 years$24,438$22,561$20,819$19,205$17,711$15,300
9 years$21,503$19,643$17,932$16,359$14,915$12,617
10 years$19,156$17,315$15,633$14,101$12,709$10,520
11 years$17,237$15,414$13,763$12,272$10,930$8,850
12 years$15,639$13,835$12,215$10,765$9,472$7,498
13 years$14,288$12,503$10,913$9,503$8,259$6,389
14 years$13,131$11,365$9,805$8,436$7,240$5,470
15 years$12,129$10,382$8,853$7,524$6,375$4,702
16 years$11,253$9,525$8,026$6,737$5,634$4,055
17 years$10,481$8,772$7,304$6,053$4,996$3,506
18 years$9,796$8,106$6,667$5,455$4,442$3,040
19 years$9,183$7,513$6,104$4,929$3,959$2,640
20 years$8,633$6,981$5,602$4,464$3,536$2,297
21 years$8,135$6,503$5,152$4,051$3,165$2,002
22 years$7,683$6,070$4,749$3,684$2,837$1,747
23 years$7,272$5,677$4,385$3,355$2,546$1,526
24 years$6,895$5,319$4,055$3,060$2,289$1,334
25 years$6,549$4,992$3,756$2,794$2,059$1,168
26 years$6,229$4,691$3,483$2,555$1,855$1,023
27 years$5,934$4,415$3,235$2,339$1,673$896
28 years$5,661$4,160$3,007$2,143$1,509$786
29 years$5,407$3,925$2,798$1,965$1,363$689
30 years$5,170$3,707$2,606$1,803$1,231$605
31 years$4,949$3,504$2,430$1,656$1,113$531
32 years$4,743$3,315$2,267$1,522$1,007$466
33 years$4,549$3,140$2,117$1,400$911$410
34 years$4,367$2,976$1,978$1,288$825$360
35 years$4,195$2,822$1,849$1,185$747$316
36 years$4,034$2,679$1,730$1,092$677$278
37 years$3,882$2,544$1,619$1,006$614$245
38 years$3,738$2,418$1,516$927$556$215
39 years$3,602$2,299$1,421$855$505$189
40 years$3,473$2,188$1,331$789$458$166
41 years$3,350$2,082$1,248$728$415$146
42 years$3,234$1,983$1,171$671$377$129
43 years$3,123$1,890$1,099$620$342$113
44 years$3,018$1,801$1,032$572$310$100
45 years$2,918$1,718$969$529$282$88
46 years$2,822$1,639$910$488$256$77
47 years$2,731$1,564$855$451$232$68
48 years$2,643$1,493$803$417$211$60
49 years$2,560$1,425$755$385$192$53
50 years$2,480$1,362$710$356$174$46

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $2,540,000, adding $3,356 every year, while hoping to spend $44,976 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: 51/33/16 Blend
64$2,540,000$2,540,000$2,540,000$2,540,000
65$2,802,542$2,667,922$2,628,552$2,933,042
66$3,040,547$2,750,796$2,668,754$3,105,916
67$3,301,321$2,836,223$2,708,796$3,288,781
68$3,587,139$2,924,282$2,748,624$3,486,600
69$3,900,507$3,015,051$2,788,183$3,700,800
70$4,244,184$3,108,614$2,827,412$3,932,951
71$4,621,210$3,205,055$2,866,249$4,184,779
72$5,034,932$3,304,461$2,904,627$4,458,187
73$5,489,038$3,406,923$2,942,475$4,755,264
74$5,987,590$3,512,532$2,979,718$5,078,316
75$6,535,062$3,621,384$3,016,277$5,429,875
76$7,136,384$3,733,577$3,052,067$5,812,732
77$7,796,985$3,849,212$3,087,001$6,229,961
78$8,522,847$3,968,393$3,120,985$6,684,942
79$9,320,560$4,091,227$3,153,921$7,181,401
80$10,197,383$4,217,824$3,185,704$7,723,439
81$11,161,316$4,348,297$3,216,224$8,315,572
82$12,221,169$4,482,762$3,245,367$8,962,774
83$13,386,652$4,621,341$3,273,010$9,670,524
84$14,668,460$4,764,156$3,299,025$10,444,853
85$16,078,378$4,911,335$3,323,278$11,292,408
86$17,629,390$5,063,008$3,345,625$12,220,508
87$19,335,802$5,219,310$3,365,918$13,237,215
88$21,213,378$5,380,379$3,384,000$14,351,410
89$23,279,483$5,546,359$3,399,705$15,572,876
90$25,553,255$5,717,396$3,412,860$16,912,391
91$28,055,779$5,893,640$3,423,283$18,381,827
92$30,810,287$6,075,247$3,430,781$19,994,263
93$33,842,379$6,262,376$3,435,155$21,764,109
94$37,180,261$6,455,192$3,436,192$23,707,241
95$40,855,016$6,653,865$3,433,672$25,841,148
96$44,900,889$6,858,566$3,427,362$28,185,101
97$49,355,620$7,069,476$3,417,019$30,760,330
98$54,260,791$7,286,778$3,402,387$33,590,228
99$59,662,222$7,510,660$3,383,197$36,700,568
100$65,610,405$7,741,319$3,359,170$40,119,748