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%12.6%
1 years$218,009$216,067$214,172$212,323$210,517$208,232
2 years$107,925$105,915$103,967$102,078$100,246$97,946
3 years$71,235$69,217$67,274$65,403$63,600$61,355
4 years$52,894$50,882$48,958$47,119$45,360$43,188
5 years$41,892$39,892$37,993$36,192$34,482$32,389
6 years$34,560$32,575$30,704$28,943$27,285$25,274
7 years$29,325$27,356$25,515$23,796$22,190$20,262
8 years$25,400$23,449$21,639$19,961$18,408$16,563
9 years$22,349$20,417$18,638$17,003$15,503$13,739
10 years$19,910$17,996$16,249$14,657$13,209$11,526
11 years$17,916$16,021$14,305$12,756$11,360$9,757
12 years$16,255$14,380$12,695$11,188$9,844$8,319
13 years$14,850$12,995$11,343$9,878$8,585$7,135
14 years$13,648$11,812$10,191$8,768$7,525$6,149
15 years$12,606$10,791$9,201$7,820$6,626$5,322
16 years$11,696$9,900$8,342$7,002$5,856$4,621
17 years$10,894$9,118$7,591$6,291$5,192$4,025
18 years$10,181$8,425$6,930$5,669$4,617$3,514
19 years$9,545$7,808$6,344$5,123$4,115$3,075
20 years$8,973$7,256$5,822$4,640$3,676$2,695
21 years$8,455$6,759$5,355$4,211$3,289$2,367
22 years$7,986$6,309$4,936$3,829$2,948$2,081
23 years$7,558$5,901$4,557$3,487$2,647$1,832
24 years$7,166$5,528$4,215$3,180$2,379$1,614
25 years$6,806$5,188$3,904$2,904$2,141$1,424
26 years$6,475$4,876$3,620$2,656$1,928$1,257
27 years$6,168$4,589$3,362$2,431$1,738$1,110
28 years$5,884$4,324$3,125$2,227$1,569$981
29 years$5,620$4,079$2,908$2,042$1,416$868
30 years$5,374$3,852$2,709$1,874$1,280$768
31 years$5,144$3,642$2,526$1,721$1,157$680
32 years$4,929$3,446$2,356$1,582$1,047$602
33 years$4,728$3,263$2,200$1,455$947$533
34 years$4,539$3,093$2,056$1,339$858$472
35 years$4,361$2,934$1,922$1,232$777$419
36 years$4,193$2,784$1,798$1,135$704$371
37 years$4,035$2,645$1,683$1,046$638$329
38 years$3,885$2,513$1,576$964$578$292
39 years$3,743$2,390$1,476$889$524$259
40 years$3,609$2,274$1,384$820$476$230
41 years$3,482$2,164$1,298$756$432$204
42 years$3,361$2,061$1,217$698$392$181
43 years$3,246$1,964$1,142$644$355$160
44 years$3,137$1,872$1,072$595$323$142
45 years$3,032$1,785$1,007$549$293$126
46 years$2,933$1,703$946$507$266$112
47 years$2,838$1,625$888$469$241$100
48 years$2,747$1,551$835$433$219$88
49 years$2,661$1,482$785$400$199$78
50 years$2,578$1,415$738$370$181$70

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 $2,918 every year, while hoping to spend $31,504 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: 79/5/16 Blend
64$2,640,000$2,640,000$2,640,000$2,640,000
65$2,912,290$2,772,370$2,731,450$3,132,199
66$3,175,823$2,874,696$2,789,433$3,379,810
67$3,465,182$2,980,980$2,848,304$3,647,122
68$3,782,965$3,091,383$2,908,057$3,939,545
69$4,132,039$3,206,073$2,968,688$4,259,583
70$4,515,560$3,325,223$3,030,192$4,609,991
71$4,937,004$3,449,016$3,092,561$4,993,804
72$5,400,203$3,577,642$3,155,786$5,414,365
73$5,909,376$3,711,299$3,219,857$5,875,359
74$6,469,173$3,850,193$3,284,763$6,380,841
75$7,084,716$3,994,540$3,350,490$6,935,280
76$7,761,649$4,144,564$3,417,023$7,543,598
77$8,506,189$4,300,500$3,484,345$8,211,218
78$9,325,186$4,462,591$3,552,437$8,944,113
79$10,226,190$4,631,092$3,621,278$9,748,866
80$11,217,516$4,806,270$3,690,845$10,632,726
81$12,308,327$4,988,402$3,761,113$11,603,680
82$13,508,719$5,177,777$3,832,054$12,670,530
83$14,829,817$5,374,697$3,903,636$13,842,970
84$16,283,879$5,579,477$3,975,828$15,131,683
85$17,884,409$5,792,445$4,048,593$16,548,439
86$19,646,290$6,013,946$4,121,892$18,106,204
87$21,585,919$6,244,338$4,195,683$19,819,266
88$23,721,366$6,483,993$4,269,921$21,703,368
89$26,072,539$6,733,302$4,344,557$23,775,855
90$28,661,376$6,992,673$4,419,538$26,055,838
91$31,512,053$7,262,530$4,494,809$28,564,378
92$34,651,206$7,543,317$4,570,309$31,324,676
93$38,108,187$7,835,498$4,645,973$34,362,301
94$41,915,341$8,139,557$4,721,732$37,705,424
95$46,108,309$8,455,998$4,797,513$41,385,089
96$50,726,364$8,785,350$4,873,237$45,435,501
97$55,812,783$9,128,162$4,948,820$49,894,351
98$61,415,256$9,485,010$5,024,174$54,803,173
99$67,586,332$9,856,496$5,099,204$60,207,731
100$74,383,919$10,243,246$5,173,809$66,158,457