Can I retire at age 65 with 2,620,000?

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 $2,620,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$216,357$214,430$212,550$210,714$208,922$207,432
2 years$107,108$105,113$103,179$101,305$99,487$97,984
3 years$70,696$68,692$66,764$64,907$63,119$61,650
4 years$52,493$50,496$48,587$46,762$45,017$43,593
5 years$41,575$39,590$37,706$35,918$34,221$32,847
6 years$34,298$32,328$30,472$28,724$27,078$25,755
7 years$29,103$27,149$25,322$23,615$22,022$20,751
8 years$25,208$23,272$21,475$19,810$18,269$17,050
9 years$22,180$20,262$18,497$16,874$15,385$14,218
10 years$19,759$17,860$16,126$14,546$13,109$11,993
11 years$17,780$15,900$14,197$12,659$11,274$10,208
12 years$16,132$14,271$12,599$11,104$9,770$8,753
13 years$14,738$12,897$11,257$9,803$8,520$7,551
14 years$13,544$11,723$10,114$8,702$7,468$6,547
15 years$12,511$10,709$9,132$7,761$6,576$5,700
16 years$11,608$9,825$8,279$6,949$5,812$4,981
17 years$10,811$9,049$7,534$6,243$5,153$4,365
18 years$10,104$8,361$6,877$5,627$4,582$3,836
19 years$9,472$7,749$6,296$5,084$4,084$3,378
20 years$8,905$7,201$5,778$4,605$3,648$2,981
21 years$8,391$6,707$5,315$4,179$3,264$2,635
22 years$7,925$6,261$4,898$3,800$2,926$2,332
23 years$7,501$5,856$4,523$3,460$2,627$2,067
24 years$7,112$5,487$4,183$3,156$2,361$1,834
25 years$6,755$5,149$3,874$2,882$2,124$1,629
26 years$6,426$4,839$3,593$2,635$1,914$1,448
27 years$6,121$4,554$3,336$2,412$1,725$1,289
28 years$5,839$4,291$3,102$2,210$1,557$1,147
29 years$5,577$4,048$2,886$2,027$1,406$1,022
30 years$5,333$3,823$2,689$1,860$1,270$911
31 years$5,105$3,614$2,506$1,708$1,148$812
32 years$4,892$3,420$2,339$1,570$1,039$725
33 years$4,692$3,239$2,184$1,444$940$647
34 years$4,504$3,070$2,040$1,328$851$577
35 years$4,328$2,911$1,907$1,223$771$516
36 years$4,161$2,763$1,784$1,126$698$461
37 years$4,004$2,625$1,670$1,038$633$412
38 years$3,856$2,494$1,564$956$574$368
39 years$3,715$2,372$1,465$882$520$329
40 years$3,582$2,257$1,373$813$472$294
41 years$3,456$2,148$1,288$750$428$263
42 years$3,336$2,046$1,208$693$389$235
43 years$3,222$1,949$1,134$639$353$210
44 years$3,113$1,858$1,064$590$320$188
45 years$3,009$1,772$999$545$291$168
46 years$2,911$1,690$938$504$264$150
47 years$2,817$1,613$882$465$240$135
48 years$2,726$1,540$828$430$218$120
49 years$2,640$1,470$779$397$198$108
50 years$2,558$1,405$732$367$180$96

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $2,620,000, adding $4,200 every year, while hoping to spend $23,398 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: 54/41/5 Blend
64$2,620,000$2,620,000$2,620,000$2,620,000
65$2,891,572$2,752,712$2,712,102$3,044,446
66$3,161,617$2,862,700$2,778,062$3,258,103
67$3,458,423$2,977,293$2,845,448$3,487,554
68$3,784,694$3,096,692$2,914,282$3,736,683
69$4,143,410$3,221,107$2,984,588$4,007,354
70$4,537,854$3,350,758$3,056,388$4,301,618
71$4,971,644$3,485,873$3,129,706$4,621,727
72$5,448,764$3,626,694$3,204,564$4,970,156
73$5,973,607$3,773,471$3,280,985$5,349,628
74$6,551,009$3,926,465$3,358,992$5,763,135
75$7,186,301$4,085,951$3,438,608$6,213,970
76$7,885,356$4,252,215$3,519,853$6,705,750
77$8,654,645$4,425,556$3,602,752$7,242,457
78$9,501,299$4,606,288$3,687,324$7,828,470
79$10,433,174$4,794,739$3,773,591$8,468,606
80$11,458,926$4,991,250$3,861,575$9,168,164
81$12,588,094$5,196,179$3,951,296$9,932,977
82$13,831,189$5,409,901$4,042,774$10,769,461
83$15,199,792$5,632,807$4,136,028$11,684,677
84$16,706,663$5,865,307$4,231,077$12,686,395
85$18,365,865$6,107,829$4,327,940$13,783,170
86$20,192,892$6,360,822$4,426,635$14,984,415
87$22,204,817$6,624,752$4,527,177$16,300,493
88$24,420,454$6,900,111$4,629,584$17,742,811
89$26,860,535$7,187,411$4,733,870$19,323,928
90$29,547,904$7,487,188$4,840,049$21,057,668
91$32,507,734$7,800,004$4,948,134$22,959,255
92$35,767,763$8,126,445$5,058,137$25,045,447
93$39,358,559$8,467,125$5,170,069$27,334,701
94$43,313,805$8,822,687$5,283,939$29,847,335
95$47,670,617$9,193,802$5,399,754$32,605,728
96$52,469,896$9,581,175$5,517,522$35,634,522
97$57,756,713$9,985,540$5,637,247$38,960,854
98$63,580,734$10,407,668$5,758,931$42,614,611
99$69,996,690$10,848,365$5,882,576$46,628,709
100$77,064,891$11,308,473$6,008,181$51,039,401