Can I retire at age 65 with 2,630,000?

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 $2,630,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$217,183$215,248$213,361$211,519$209,720$207,185
2 years$107,516$105,514$103,573$101,692$99,867$97,316
3 years$70,966$68,955$67,019$65,155$63,359$60,872
4 years$52,694$50,689$48,773$46,940$45,189$42,783
5 years$41,734$39,741$37,849$36,055$34,352$32,035
6 years$34,429$32,451$30,588$28,833$27,181$24,957
7 years$29,214$27,253$25,419$23,705$22,106$19,974
8 years$25,304$23,360$21,557$19,886$18,339$16,300
9 years$22,265$20,339$18,567$16,938$15,444$13,497
10 years$19,835$17,928$16,187$14,601$13,159$11,303
11 years$17,848$15,960$14,251$12,707$11,317$9,550
12 years$16,193$14,325$12,647$11,146$9,807$8,127
13 years$14,794$12,946$11,300$9,840$8,552$6,957
14 years$13,596$11,767$10,153$8,735$7,497$5,984
15 years$12,559$10,750$9,167$7,790$6,601$5,168
16 years$11,652$9,863$8,311$6,975$5,834$4,478
17 years$10,853$9,083$7,563$6,267$5,173$3,892
18 years$10,143$8,393$6,904$5,648$4,599$3,391
19 years$9,509$7,779$6,320$5,103$4,099$2,961
20 years$8,939$7,228$5,800$4,622$3,662$2,590
21 years$8,423$6,733$5,335$4,195$3,277$2,269
22 years$7,956$6,285$4,917$3,814$2,937$1,990
23 years$7,529$5,878$4,540$3,474$2,637$1,748
24 years$7,139$5,508$4,199$3,168$2,370$1,537
25 years$6,781$5,169$3,889$2,893$2,132$1,352
26 years$6,450$4,858$3,607$2,645$1,921$1,191
27 years$6,145$4,572$3,349$2,421$1,732$1,049
28 years$5,862$4,308$3,113$2,219$1,563$925
29 years$5,599$4,064$2,897$2,035$1,411$816
30 years$5,354$3,838$2,699$1,867$1,275$721
31 years$5,125$3,628$2,516$1,715$1,153$636
32 years$4,911$3,433$2,347$1,576$1,043$562
33 years$4,710$3,251$2,192$1,449$944$497
34 years$4,521$3,081$2,048$1,333$854$439
35 years$4,344$2,922$1,915$1,227$774$388
36 years$4,177$2,774$1,791$1,130$701$343
37 years$4,019$2,635$1,676$1,042$635$304
38 years$3,870$2,504$1,570$960$576$268
39 years$3,729$2,381$1,471$885$522$238
40 years$3,596$2,265$1,379$816$474$210
41 years$3,469$2,156$1,293$753$430$186
42 years$3,348$2,054$1,213$695$390$165
43 years$3,234$1,957$1,138$642$354$146
44 years$3,125$1,865$1,068$593$321$129
45 years$3,021$1,778$1,003$547$292$114
46 years$2,922$1,697$942$506$265$101
47 years$2,827$1,619$885$467$241$89
48 years$2,737$1,546$832$432$218$79
49 years$2,650$1,476$782$399$198$70
50 years$2,568$1,410$735$369$180$62

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $2,630,000, adding $5,797 every year, while hoping to spend $23,555 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: 50/21/29 Blend
64$2,630,000$2,630,000$2,630,000$2,630,000
65$2,904,240$2,764,850$2,724,085$3,025,329
66$3,175,410$2,875,265$2,790,279$3,221,111
67$3,473,450$2,990,301$2,857,902$3,430,996
68$3,801,075$3,110,160$2,926,975$3,658,681
69$4,161,279$3,235,051$2,997,523$3,905,870
70$4,557,357$3,365,196$3,069,567$4,174,433
71$4,992,941$3,500,825$3,143,131$4,466,429
72$5,472,033$3,642,177$3,218,238$4,784,123
73$5,999,041$3,789,504$3,294,910$5,130,007
74$6,578,823$3,943,070$3,373,170$5,506,821
75$7,216,731$4,103,149$3,453,039$5,917,582
76$7,918,663$4,270,028$3,534,540$6,365,609
77$8,691,114$4,444,007$3,617,695$6,854,555
78$9,541,246$4,625,401$3,702,526$7,388,440
79$10,476,945$4,814,538$3,789,053$7,971,690
80$11,506,904$5,011,761$3,877,297$8,609,176
81$12,640,700$5,217,429$3,967,278$9,306,260
82$13,888,886$5,431,918$4,059,017$10,068,845
83$15,263,091$5,655,620$4,152,532$10,903,431
84$16,776,127$5,888,946$4,247,843$11,817,174
85$18,442,113$6,132,326$4,344,966$12,817,954
86$20,276,606$6,386,208$4,443,920$13,914,446
87$22,296,750$6,651,062$4,544,722$15,116,206
88$24,521,434$6,927,379$4,647,385$16,433,754
89$26,971,474$7,215,675$4,751,927$17,878,678
90$29,669,807$7,516,485$4,858,359$19,463,739
91$32,641,708$7,830,374$4,966,694$21,202,991
92$35,915,029$8,157,929$5,076,945$23,111,913
93$39,520,460$8,499,766$5,189,121$25,207,556
94$43,491,821$8,856,529$5,303,231$27,508,697
95$47,866,380$9,228,892$5,419,283$30,036,023
96$52,685,204$9,617,560$5,537,281$32,812,318
97$57,993,545$10,023,271$5,657,231$35,862,681
98$63,841,273$10,446,797$5,779,134$39,214,760
99$70,283,338$10,888,946$5,902,991$42,899,013
100$77,380,298$11,350,564$6,028,800$46,948,990