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%14.6%
1 years$213,880$211,975$210,116$208,302$206,530$202,609
2 years$105,881$103,909$101,998$100,145$98,348$94,412
3 years$69,886$67,906$65,999$64,164$62,396$58,569
4 years$51,892$49,918$48,031$46,226$44,501$40,813
5 years$41,099$39,136$37,274$35,506$33,829$30,289
6 years$33,905$31,958$30,123$28,395$26,768$23,380
7 years$28,769$26,838$25,032$23,345$21,769$18,535
8 years$24,919$23,005$21,229$19,583$18,060$14,978
9 years$21,926$20,030$18,285$16,681$15,209$12,278
10 years$19,533$17,656$15,941$14,379$12,959$10,176
11 years$17,576$15,718$14,034$12,514$11,145$8,506
12 years$15,947$14,107$12,455$10,976$9,658$7,160
13 years$14,569$12,749$11,128$9,691$8,422$6,061
14 years$13,389$11,588$9,998$8,602$7,383$5,155
15 years$12,368$10,586$9,027$7,672$6,500$4,400
16 years$11,475$9,713$8,184$6,869$5,745$3,768
17 years$10,688$8,945$7,448$6,172$5,094$3,236
18 years$9,989$8,266$6,799$5,562$4,529$2,785
19 years$9,364$7,660$6,224$5,026$4,037$2,401
20 years$8,803$7,118$5,712$4,552$3,606$2,074
21 years$8,295$6,631$5,254$4,131$3,227$1,793
22 years$7,835$6,189$4,842$3,756$2,892$1,553
23 years$7,415$5,789$4,471$3,421$2,596$1,346
24 years$7,030$5,424$4,135$3,120$2,334$1,168
25 years$6,677$5,090$3,830$2,849$2,100$1,014
26 years$6,352$4,784$3,552$2,605$1,892$881
27 years$6,051$4,502$3,298$2,385$1,705$766
28 years$5,773$4,242$3,066$2,185$1,539$666
29 years$5,513$4,002$2,853$2,004$1,390$580
30 years$5,272$3,780$2,658$1,839$1,256$504
31 years$5,047$3,573$2,478$1,689$1,135$439
32 years$4,836$3,381$2,312$1,552$1,027$383
33 years$4,638$3,202$2,159$1,427$929$333
34 years$4,453$3,034$2,017$1,313$841$290
35 years$4,278$2,878$1,886$1,209$762$253
36 years$4,114$2,732$1,764$1,113$690$221
37 years$3,958$2,594$1,651$1,026$626$192
38 years$3,811$2,466$1,546$945$567$168
39 years$3,673$2,345$1,448$872$514$146
40 years$3,541$2,231$1,358$804$467$127
41 years$3,416$2,123$1,273$742$423$111
42 years$3,297$2,022$1,194$685$384$97
43 years$3,185$1,927$1,121$632$349$85
44 years$3,077$1,837$1,052$584$316$74
45 years$2,975$1,751$988$539$287$64
46 years$2,877$1,671$928$498$261$56
47 years$2,784$1,594$871$460$237$49
48 years$2,695$1,522$819$425$215$43
49 years$2,610$1,454$770$393$195$37
50 years$2,529$1,388$724$363$177$33

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 $6,507 every year, while hoping to spend $40,754 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: 47/41/12 Blend
64$2,590,000$2,590,000$2,590,000$2,590,000
65$2,860,892$2,723,622$2,683,477$2,985,494
66$3,109,341$2,813,718$2,730,012$3,162,304
67$3,381,766$2,906,862$2,776,739$3,349,358
68$3,680,569$3,003,161$2,823,623$3,551,454
69$4,008,397$3,102,726$2,870,624$3,770,004
70$4,368,165$3,205,671$2,917,701$4,006,564
71$4,763,082$3,312,113$2,964,809$4,262,841
72$5,196,686$3,422,176$3,011,899$4,540,714
73$5,672,872$3,535,987$3,058,922$4,842,249
74$6,195,932$3,653,677$3,105,823$5,169,719
75$6,770,594$3,775,384$3,152,545$5,525,625
76$7,402,065$3,901,249$3,199,026$5,912,717
77$8,096,084$4,031,418$3,245,202$6,334,023
78$8,858,972$4,166,045$3,291,003$6,792,873
79$9,697,693$4,305,287$3,336,357$7,292,934
80$10,619,919$4,449,307$3,381,186$7,838,241
81$11,634,103$4,598,276$3,425,409$8,433,234
82$12,749,559$4,752,369$3,468,937$9,082,802
83$13,976,548$4,911,769$3,511,681$9,792,328
84$15,326,376$5,076,666$3,553,542$10,567,737
85$16,811,499$5,247,255$3,594,419$11,415,552
86$18,445,643$5,423,741$3,634,202$12,342,956
87$20,243,929$5,606,335$3,672,779$13,357,860
88$22,223,021$5,795,257$3,710,028$14,468,972
89$24,401,278$5,990,733$3,745,823$15,685,885
90$26,798,929$6,193,000$3,780,029$17,019,160
91$29,438,266$6,402,303$3,812,506$18,480,432
92$32,343,849$6,618,896$3,843,105$20,082,513
93$35,542,742$6,843,042$3,871,669$21,839,514
94$39,064,767$7,075,016$3,898,035$23,766,979
95$42,942,783$7,315,102$3,922,029$25,882,027
96$47,212,999$7,563,594$3,943,470$28,203,518
97$51,915,314$7,820,800$3,962,165$30,752,225
98$57,093,693$8,087,035$3,977,914$33,551,030
99$62,796,581$8,362,632$3,990,506$36,625,142
100$69,077,363$8,647,931$3,999,719$40,002,331