Can I retire at age 65 with 2,640,000?

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 $2,640,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$218,009$216,067$214,172$212,323$210,517$208,146
2 years$107,925$105,915$103,967$102,078$100,246$97,859
3 years$71,235$69,217$67,274$65,403$63,600$61,271
4 years$52,894$50,882$48,958$47,119$45,360$43,107
5 years$41,892$39,892$37,993$36,192$34,482$32,312
6 years$34,560$32,575$30,704$28,943$27,285$25,200
7 years$29,325$27,356$25,515$23,796$22,190$20,191
8 years$25,400$23,449$21,639$19,961$18,408$16,496
9 years$22,349$20,417$18,638$17,003$15,503$13,675
10 years$19,910$17,996$16,249$14,657$13,209$11,466
11 years$17,916$16,021$14,305$12,756$11,360$9,700
12 years$16,255$14,380$12,695$11,188$9,844$8,265
13 years$14,850$12,995$11,343$9,878$8,585$7,084
14 years$13,648$11,812$10,191$8,768$7,525$6,101
15 years$12,606$10,791$9,201$7,820$6,626$5,277
16 years$11,696$9,900$8,342$7,002$5,856$4,579
17 years$10,894$9,118$7,591$6,291$5,192$3,985
18 years$10,181$8,425$6,930$5,669$4,617$3,477
19 years$9,545$7,808$6,344$5,123$4,115$3,040
20 years$8,973$7,256$5,822$4,640$3,676$2,663
21 years$8,455$6,759$5,355$4,211$3,289$2,336
22 years$7,986$6,309$4,936$3,829$2,948$2,053
23 years$7,558$5,901$4,557$3,487$2,647$1,806
24 years$7,166$5,528$4,215$3,180$2,379$1,590
25 years$6,806$5,188$3,904$2,904$2,141$1,401
26 years$6,475$4,876$3,620$2,656$1,928$1,236
27 years$6,168$4,589$3,362$2,431$1,738$1,091
28 years$5,884$4,324$3,125$2,227$1,569$963
29 years$5,620$4,079$2,908$2,042$1,416$851
30 years$5,374$3,852$2,709$1,874$1,280$753
31 years$5,144$3,642$2,526$1,721$1,157$666
32 years$4,929$3,446$2,356$1,582$1,047$589
33 years$4,728$3,263$2,200$1,455$947$521
34 years$4,539$3,093$2,056$1,339$858$462
35 years$4,361$2,934$1,922$1,232$777$409
36 years$4,193$2,784$1,798$1,135$704$362
37 years$4,035$2,645$1,683$1,046$638$321
38 years$3,885$2,513$1,576$964$578$284
39 years$3,743$2,390$1,476$889$524$252
40 years$3,609$2,274$1,384$820$476$223
41 years$3,482$2,164$1,298$756$432$198
42 years$3,361$2,061$1,217$698$392$175
43 years$3,246$1,964$1,142$644$355$156
44 years$3,137$1,872$1,072$595$323$138
45 years$3,032$1,785$1,007$549$293$122
46 years$2,933$1,703$946$507$266$109
47 years$2,838$1,625$888$469$241$96
48 years$2,747$1,551$835$433$219$85
49 years$2,661$1,482$785$400$199$76
50 years$2,578$1,415$738$370$181$67

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $2,640,000, adding $4,959 every year, while hoping to spend $27,798 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: 73/22/5 Blend
64$2,640,000$2,640,000$2,640,000$2,640,000
65$2,914,395$2,774,475$2,733,555$3,125,620
66$3,182,087$2,880,848$2,795,552$3,371,734
67$3,476,151$2,991,501$2,858,695$3,637,178
68$3,799,249$3,106,615$2,922,992$3,927,069
69$4,154,311$3,226,378$2,988,451$4,243,810
70$4,544,568$3,350,987$3,055,081$4,590,045
71$4,973,576$3,480,647$3,122,888$4,968,684
72$5,445,254$3,615,573$3,191,879$5,382,928
73$5,963,922$3,755,988$3,262,058$5,836,304
74$6,534,336$3,902,125$3,333,431$6,332,694
75$7,161,739$4,054,230$3,406,002$6,876,371
76$7,851,905$4,212,556$3,479,771$7,472,039
77$8,611,197$4,377,369$3,554,742$8,124,880
78$9,446,626$4,548,947$3,630,913$8,840,596
79$10,365,918$4,727,582$3,708,284$9,625,471
80$11,377,583$4,913,575$3,786,853$10,486,420
81$12,491,000$5,107,243$3,866,616$11,431,060
82$13,716,502$5,308,918$3,947,568$12,467,782
83$15,065,475$5,518,944$4,029,701$13,605,824
84$16,550,464$5,737,684$4,113,007$14,855,361
85$18,185,294$5,965,513$4,197,475$16,227,602
86$19,985,198$6,202,826$4,283,094$17,734,889
87$21,966,959$6,450,036$4,369,849$19,390,821
88$24,149,072$6,707,571$4,457,722$21,210,375
89$26,551,918$6,975,883$4,546,697$23,210,047
90$29,197,953$7,255,441$4,636,750$25,408,012
91$32,111,923$7,546,736$4,727,860$27,824,287
92$35,321,094$7,850,281$4,819,998$30,480,926
93$38,855,514$8,166,613$4,913,137$33,402,223
94$42,748,293$8,496,293$5,007,243$36,614,941
95$47,035,914$8,839,907$5,102,281$40,148,565
96$51,758,583$9,198,068$5,198,213$44,035,576
97$56,960,602$9,571,417$5,294,996$48,311,760
98$62,690,790$9,960,623$5,392,585$53,016,542
99$69,002,943$10,366,386$5,490,930$58,193,360
100$75,956,344$10,789,439$5,589,976$63,890,068