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

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 $2,620,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.4%
1 years$216,357$214,430$212,550$210,714$208,922$201,030
2 years$107,108$105,113$103,179$101,305$99,487$91,627
3 years$70,696$68,692$66,764$64,907$63,119$55,539
4 years$52,493$50,496$48,587$46,762$45,017$37,775
5 years$41,575$39,590$37,706$35,918$34,221$27,335
6 years$34,298$32,328$30,472$28,724$27,078$20,553
7 years$29,103$27,149$25,322$23,615$22,022$15,856
8 years$25,208$23,272$21,475$19,810$18,269$12,457
9 years$22,180$20,262$18,497$16,874$15,385$9,918
10 years$19,759$17,860$16,126$14,546$13,109$7,977
11 years$17,780$15,900$14,197$12,659$11,274$6,466
12 years$16,132$14,271$12,599$11,104$9,770$5,273
13 years$14,738$12,897$11,257$9,803$8,520$4,322
14 years$13,544$11,723$10,114$8,702$7,468$3,555
15 years$12,511$10,709$9,132$7,761$6,576$2,934
16 years$11,608$9,825$8,279$6,949$5,812$2,428
17 years$10,811$9,049$7,534$6,243$5,153$2,013
18 years$10,104$8,361$6,877$5,627$4,582$1,672
19 years$9,472$7,749$6,296$5,084$4,084$1,391
20 years$8,905$7,201$5,778$4,605$3,648$1,158
21 years$8,391$6,707$5,315$4,179$3,264$965
22 years$7,925$6,261$4,898$3,800$2,926$805
23 years$7,501$5,856$4,523$3,460$2,627$672
24 years$7,112$5,487$4,183$3,156$2,361$561
25 years$6,755$5,149$3,874$2,882$2,124$469
26 years$6,426$4,839$3,593$2,635$1,914$392
27 years$6,121$4,554$3,336$2,412$1,725$328
28 years$5,839$4,291$3,102$2,210$1,557$274
29 years$5,577$4,048$2,886$2,027$1,406$229
30 years$5,333$3,823$2,689$1,860$1,270$192
31 years$5,105$3,614$2,506$1,708$1,148$161
32 years$4,892$3,420$2,339$1,570$1,039$134
33 years$4,692$3,239$2,184$1,444$940$113
34 years$4,504$3,070$2,040$1,328$851$94
35 years$4,328$2,911$1,907$1,223$771$79
36 years$4,161$2,763$1,784$1,126$698$66
37 years$4,004$2,625$1,670$1,038$633$55
38 years$3,856$2,494$1,564$956$574$46
39 years$3,715$2,372$1,465$882$520$39
40 years$3,582$2,257$1,373$813$472$32
41 years$3,456$2,148$1,288$750$428$27
42 years$3,336$2,046$1,208$693$389$23
43 years$3,222$1,949$1,134$639$353$19
44 years$3,113$1,858$1,064$590$320$16
45 years$3,009$1,772$999$545$291$13
46 years$2,911$1,690$938$504$264$11
47 years$2,817$1,613$882$465$240$9
48 years$2,726$1,540$828$430$218$8
49 years$2,640$1,470$779$397$198$7
50 years$2,558$1,405$732$367$180$6

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 $3,381 every year, while hoping to spend $39,485 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: 32/42/26 Blend
64$2,620,000$2,620,000$2,620,000$2,620,000
65$2,890,728$2,751,868$2,711,258$2,960,130
66$3,143,570$2,844,697$2,760,073$3,106,126
67$3,420,879$2,940,752$2,809,200$3,259,519
68$3,725,109$3,040,149$2,858,608$3,423,956
69$4,058,961$3,143,008$2,908,263$3,600,434
70$4,425,415$3,249,455$2,958,130$3,790,048
71$4,827,748$3,359,619$3,008,168$3,994,001
72$5,269,575$3,473,637$3,058,338$4,213,617
73$5,754,873$3,591,647$3,108,594$4,450,349
74$6,288,028$3,713,795$3,158,889$4,705,793
75$6,873,868$3,840,232$3,209,174$4,981,707
76$7,517,715$3,971,116$3,259,393$5,280,020
77$8,225,429$4,106,608$3,309,490$5,602,857
78$9,003,469$4,246,878$3,359,404$5,952,553
79$9,858,949$4,392,101$3,409,070$6,331,677
80$10,799,707$4,542,460$3,458,420$6,743,054
81$11,834,380$4,698,143$3,507,380$7,189,794
82$12,972,482$4,859,347$3,555,872$7,675,319
83$14,224,497$5,026,277$3,603,816$8,203,393
84$15,601,975$5,199,144$3,651,123$8,778,160
85$17,117,643$5,378,169$3,697,702$9,404,179
86$18,785,524$5,563,580$3,743,457$10,086,472
87$20,621,068$5,755,616$3,788,283$10,830,563
88$22,641,299$5,954,524$3,832,073$11,642,536
89$24,864,976$6,160,560$3,874,711$12,529,088
90$27,312,767$6,373,990$3,916,077$13,497,593
91$30,007,447$6,595,094$3,956,044$14,556,170
92$32,974,110$6,824,157$3,994,475$15,713,760
93$36,240,410$7,061,481$4,031,230$16,980,208
94$39,836,814$7,307,376$4,066,159$18,366,356
95$43,796,898$7,562,167$4,099,105$19,884,144
96$48,157,658$7,826,189$4,129,900$21,546,721
97$52,959,860$8,099,793$4,158,373$23,368,573
98$58,248,425$8,383,342$4,184,337$25,365,650
99$64,072,853$8,677,215$4,207,602$27,555,523
100$70,487,690$8,981,804$4,227,963$29,957,547