Can I retire at age 65 with 2,590,000?

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 $2,590,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.5%
1 years$213,880$211,975$210,116$208,302$206,530$201,048
2 years$105,881$103,909$101,998$100,145$98,348$92,863
3 years$69,886$67,906$65,999$64,164$62,396$57,080
4 years$51,892$49,918$48,031$46,226$44,501$39,395
5 years$41,099$39,136$37,274$35,506$33,829$28,947
6 years$33,905$31,958$30,123$28,395$26,768$22,114
7 years$28,769$26,838$25,032$23,345$21,769$17,344
8 years$24,919$23,005$21,229$19,583$18,060$13,861
9 years$21,926$20,030$18,285$16,681$15,209$11,233
10 years$19,533$17,656$15,941$14,379$12,959$9,201
11 years$17,576$15,718$14,034$12,514$11,145$7,599
12 years$15,947$14,107$12,455$10,976$9,658$6,318
13 years$14,569$12,749$11,128$9,691$8,422$5,281
14 years$13,389$11,588$9,998$8,602$7,383$4,433
15 years$12,368$10,586$9,027$7,672$6,500$3,734
16 years$11,475$9,713$8,184$6,869$5,745$3,155
17 years$10,688$8,945$7,448$6,172$5,094$2,672
18 years$9,989$8,266$6,799$5,562$4,529$2,268
19 years$9,364$7,660$6,224$5,026$4,037$1,928
20 years$8,803$7,118$5,712$4,552$3,606$1,642
21 years$8,295$6,631$5,254$4,131$3,227$1,399
22 years$7,835$6,189$4,842$3,756$2,892$1,194
23 years$7,415$5,789$4,471$3,421$2,596$1,020
24 years$7,030$5,424$4,135$3,120$2,334$871
25 years$6,677$5,090$3,830$2,849$2,100$745
26 years$6,352$4,784$3,552$2,605$1,892$638
27 years$6,051$4,502$3,298$2,385$1,705$546
28 years$5,773$4,242$3,066$2,185$1,539$467
29 years$5,513$4,002$2,853$2,004$1,390$400
30 years$5,272$3,780$2,658$1,839$1,256$343
31 years$5,047$3,573$2,478$1,689$1,135$294
32 years$4,836$3,381$2,312$1,552$1,027$252
33 years$4,638$3,202$2,159$1,427$929$216
34 years$4,453$3,034$2,017$1,313$841$185
35 years$4,278$2,878$1,886$1,209$762$159
36 years$4,114$2,732$1,764$1,113$690$136
37 years$3,958$2,594$1,651$1,026$626$117
38 years$3,811$2,466$1,546$945$567$100
39 years$3,673$2,345$1,448$872$514$86
40 years$3,541$2,231$1,358$804$467$74
41 years$3,416$2,123$1,273$742$423$63
42 years$3,297$2,022$1,194$685$384$54
43 years$3,185$1,927$1,121$632$349$47
44 years$3,077$1,837$1,052$584$316$40
45 years$2,975$1,751$988$539$287$34
46 years$2,877$1,671$928$498$261$30
47 years$2,784$1,594$871$460$237$25
48 years$2,695$1,522$819$425$215$22
49 years$2,610$1,454$770$393$195$19
50 years$2,529$1,388$724$363$177$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $2,590,000, adding $3,344 every year, while hoping to spend $53,068 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: 50/35/15 Blend
64$2,590,000$2,590,000$2,590,000$2,590,000
65$2,857,629$2,720,359$2,680,214$2,988,582
66$3,092,644$2,797,193$2,713,538$3,155,834
67$3,349,851$2,876,013$2,746,199$3,331,687
68$3,631,458$2,956,860$2,778,119$3,521,619
69$3,939,897$3,039,777$2,809,216$3,726,971
70$4,277,845$3,124,804$2,839,403$3,949,221
71$4,648,250$3,211,984$2,868,588$4,189,994
72$5,054,360$3,301,360$2,896,674$4,451,080
73$5,499,750$3,392,972$2,923,558$4,734,450
74$5,988,360$3,486,863$2,949,133$5,042,272
75$6,524,529$3,583,075$2,973,285$5,376,937
76$7,113,035$3,681,651$2,995,894$5,741,073
77$7,759,144$3,782,631$3,016,836$6,137,578
78$8,468,655$3,886,058$3,035,978$6,569,642
79$9,247,955$3,991,972$3,053,181$7,040,778
80$10,104,082$4,100,414$3,068,298$7,554,857
81$11,044,788$4,211,424$3,081,175$8,116,141
82$12,078,613$4,325,041$3,091,652$8,729,325
83$13,214,968$4,441,304$3,099,558$9,399,581
84$14,464,217$4,560,251$3,104,716$10,132,609
85$15,837,782$4,681,917$3,106,939$10,934,685
86$17,348,244$4,806,339$3,106,029$11,812,725
87$19,009,466$4,933,551$3,101,782$12,774,347
88$20,836,720$5,063,584$3,093,981$13,827,947
89$22,846,837$5,196,470$3,082,400$14,982,772
90$25,058,355$5,332,238$3,066,801$16,249,013
91$27,491,704$5,470,914$3,046,936$17,637,898
92$30,169,392$5,612,524$3,022,543$19,161,797
93$33,116,221$5,757,089$2,993,349$20,834,343
94$36,359,518$5,904,628$2,959,068$22,670,554
95$39,929,392$6,055,158$2,919,400$24,686,983
96$43,859,021$6,208,692$2,874,032$26,901,865
97$48,184,963$6,365,240$2,822,633$29,335,297
98$52,947,498$6,524,806$2,764,861$32,009,424
99$58,191,014$6,687,393$2,700,355$34,948,646
100$63,964,420$6,852,996$2,628,739$38,179,853