Can I retire at age 65 with 2,560,000?

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 $2,560,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$211,402$209,519$207,682$205,889$204,138$203,278
2 years$104,655$102,706$100,817$98,985$97,209$96,340
3 years$69,077$67,119$65,235$63,421$61,673$60,823
4 years$51,291$49,340$47,474$45,691$43,986$43,161
5 years$40,623$38,683$36,842$35,095$33,437$32,640
6 years$33,513$31,588$29,774$28,066$26,458$25,690
7 years$28,436$26,527$24,742$23,074$21,517$20,778
8 years$24,630$22,739$20,983$19,357$17,851$17,141
9 years$21,672$19,798$18,073$16,488$15,033$14,352
10 years$19,307$17,451$15,756$14,212$12,809$12,156
11 years$17,373$15,536$13,872$12,369$11,016$10,392
12 years$15,762$13,944$12,311$10,849$9,546$8,950
13 years$14,400$12,601$10,999$9,578$8,324$7,755
14 years$13,234$11,454$9,883$8,503$7,297$6,755
15 years$12,224$10,464$8,923$7,583$6,425$5,908
16 years$11,342$9,600$8,090$6,790$5,678$5,187
17 years$10,564$8,841$7,361$6,100$5,035$4,568
18 years$9,873$8,170$6,720$5,498$4,477$4,034
19 years$9,256$7,572$6,152$4,968$3,990$3,570
20 years$8,701$7,036$5,646$4,499$3,564$3,166
21 years$8,199$6,554$5,193$4,083$3,190$2,813
22 years$7,744$6,118$4,786$3,713$2,859$2,503
23 years$7,329$5,722$4,419$3,381$2,566$2,230
24 years$6,949$5,361$4,087$3,084$2,307$1,990
25 years$6,600$5,031$3,785$2,816$2,076$1,777
26 years$6,278$4,728$3,511$2,575$1,870$1,588
27 years$5,981$4,450$3,260$2,357$1,686$1,421
28 years$5,706$4,193$3,031$2,160$1,521$1,272
29 years$5,450$3,956$2,820$1,980$1,373$1,139
30 years$5,211$3,736$2,627$1,817$1,241$1,021
31 years$4,988$3,532$2,449$1,669$1,122$916
32 years$4,780$3,342$2,285$1,534$1,015$822
33 years$4,585$3,164$2,134$1,411$918$738
34 years$4,401$2,999$1,993$1,298$832$662
35 years$4,229$2,845$1,864$1,195$753$595
36 years$4,066$2,700$1,743$1,100$682$535
37 years$3,912$2,564$1,632$1,014$619$481
38 years$3,767$2,437$1,528$935$561$432
39 years$3,630$2,317$1,432$862$509$388
40 years$3,500$2,205$1,342$795$461$349
41 years$3,376$2,099$1,258$733$418$314
42 years$3,259$1,999$1,180$677$380$283
43 years$3,148$1,905$1,108$625$345$254
44 years$3,042$1,815$1,040$577$313$229
45 years$2,941$1,731$976$533$284$206
46 years$2,844$1,651$917$492$258$185
47 years$2,752$1,576$861$455$234$167
48 years$2,664$1,504$809$420$213$150
49 years$2,580$1,437$761$388$193$135
50 years$2,499$1,372$715$359$175$122

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $2,560,000, adding $5,228 every year, while hoping to spend $34,111 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: 41/48/11 Blend
64$2,560,000$2,560,000$2,560,000$2,560,000
65$2,826,513$2,690,833$2,651,153$2,932,987
66$3,078,523$2,786,390$2,703,672$3,103,813
67$3,355,095$2,885,486$2,756,808$3,284,791
68$3,658,699$2,988,258$2,810,545$3,479,903
69$3,992,053$3,094,850$2,864,866$3,690,450
70$4,358,155$3,205,410$2,919,751$3,917,858
71$4,760,305$3,320,093$2,975,181$4,163,693
72$5,202,140$3,439,061$3,031,133$4,429,679
73$5,687,664$3,562,481$3,087,582$4,717,705
74$6,221,291$3,690,529$3,144,501$5,029,852
75$6,807,884$3,823,385$3,201,863$5,368,404
76$7,452,797$3,961,240$3,259,634$5,735,874
77$8,161,932$4,104,291$3,317,782$6,135,022
78$8,941,791$4,252,743$3,376,270$6,568,887
79$9,799,537$4,406,811$3,435,058$7,040,808
80$10,743,063$4,566,717$3,494,105$7,554,459
81$11,781,062$4,732,694$3,553,365$8,113,879
82$12,923,118$4,904,983$3,612,790$8,723,515
83$14,179,785$5,083,836$3,672,328$9,388,257
84$15,562,696$5,269,516$3,731,923$10,113,486
85$17,084,665$5,462,297$3,791,517$10,905,124
86$18,759,814$5,662,463$3,851,046$11,769,687
87$20,603,703$5,870,311$3,910,443$12,714,348
88$22,633,475$6,086,151$3,969,638$13,747,000
89$24,868,022$6,310,305$4,028,554$14,876,334
90$27,328,161$6,543,110$4,087,110$16,111,913
91$30,036,826$6,784,916$4,145,222$17,464,269
92$33,019,293$7,036,088$4,202,797$18,944,994
93$36,303,411$7,297,006$4,259,741$20,566,852
94$39,919,868$7,568,068$4,315,951$22,343,897
95$43,902,479$7,849,688$4,371,320$24,291,605
96$48,288,506$8,142,297$4,425,734$26,427,014
97$53,119,009$8,446,345$4,479,071$28,768,889
98$58,439,233$8,762,301$4,531,205$31,337,897
99$64,299,036$9,090,654$4,582,001$34,156,793
100$70,753,357$9,431,916$4,631,318$37,250,642