Can I retire at age 65 with 2,670,000?

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 $2,670,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.1%
1 years$220,486$218,522$216,606$214,736$212,910$205,929
2 years$109,152$107,119$105,149$103,238$101,385$94,420
3 years$72,045$70,003$68,038$66,146$64,323$57,590
4 years$53,495$51,460$49,514$47,654$45,876$39,428
5 years$42,368$40,345$38,425$36,603$34,874$28,728
6 years$34,953$32,945$31,053$29,272$27,595$21,755
7 years$29,658$27,667$25,805$24,066$22,442$16,908
8 years$25,689$23,716$21,885$20,188$18,618$13,386
9 years$22,603$20,649$18,850$17,196$15,679$10,743
10 years$20,136$18,201$16,433$14,823$13,359$8,712
11 years$18,119$16,203$14,468$12,901$11,489$7,122
12 years$16,439$14,543$12,840$11,316$9,956$5,859
13 years$15,019$13,143$11,471$9,990$8,682$4,844
14 years$13,803$11,946$10,307$8,868$7,611$4,022
15 years$12,750$10,913$9,306$7,909$6,701$3,350
16 years$11,829$10,013$8,437$7,081$5,922$2,798
17 years$11,018$9,221$7,678$6,362$5,251$2,342
18 years$10,297$8,521$7,009$5,734$4,669$1,964
19 years$9,653$7,897$6,416$5,181$4,162$1,650
20 years$9,074$7,338$5,888$4,692$3,717$1,388
21 years$8,552$6,835$5,416$4,259$3,327$1,168
22 years$8,077$6,381$4,992$3,872$2,982$985
23 years$7,644$5,968$4,609$3,526$2,677$830
24 years$7,248$5,591$4,263$3,216$2,406$701
25 years$6,884$5,247$3,948$2,937$2,165$592
26 years$6,548$4,931$3,662$2,686$1,950$500
27 years$6,238$4,641$3,400$2,458$1,758$422
28 years$5,951$4,373$3,161$2,252$1,586$357
29 years$5,684$4,126$2,941$2,065$1,432$302
30 years$5,435$3,896$2,740$1,896$1,294$255
31 years$5,203$3,683$2,554$1,741$1,170$216
32 years$4,985$3,485$2,383$1,600$1,059$183
33 years$4,782$3,300$2,225$1,471$958$155
34 years$4,590$3,128$2,079$1,354$867$131
35 years$4,410$2,967$1,944$1,246$786$111
36 years$4,241$2,816$1,818$1,148$712$94
37 years$4,080$2,675$1,702$1,057$645$79
38 years$3,929$2,542$1,594$975$585$67
39 years$3,786$2,417$1,493$899$530$57
40 years$3,650$2,300$1,400$829$481$48
41 years$3,522$2,189$1,312$765$436$41
42 years$3,399$2,085$1,231$706$396$34
43 years$3,283$1,986$1,155$652$359$29
44 years$3,172$1,893$1,084$602$326$25
45 years$3,067$1,806$1,018$556$296$21
46 years$2,966$1,722$956$513$269$18
47 years$2,870$1,644$898$474$244$15
48 years$2,779$1,569$844$438$222$13
49 years$2,691$1,498$794$405$201$11
50 years$2,607$1,431$746$374$183$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $2,670,000, adding $6,118 every year, while hoping to spend $37,759 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: 76/18/6 Blend
64$2,670,000$2,670,000$2,670,000$2,670,000
65$2,948,651$2,807,141$2,765,756$3,170,545
66$3,209,238$2,904,515$2,818,233$3,414,540
67$3,495,139$3,005,396$2,871,203$3,676,432
68$3,808,897$3,109,914$2,924,642$3,962,375
69$4,153,312$3,218,207$2,978,525$4,274,738
70$4,531,468$3,330,418$3,032,824$4,616,129
71$4,946,764$3,446,694$3,087,510$4,989,420
72$5,402,942$3,567,190$3,142,549$5,397,773
73$5,904,125$3,692,066$3,197,908$5,844,671
74$6,454,857$3,821,488$3,253,549$6,333,947
75$7,060,142$3,955,630$3,309,432$6,869,822
76$7,725,493$4,094,672$3,365,515$7,456,946
77$8,456,984$4,238,802$3,421,750$8,100,439
78$9,261,307$4,388,214$3,478,089$8,805,938
79$10,145,834$4,543,111$3,534,480$9,579,654
80$11,118,690$4,703,704$3,590,865$10,428,427
81$12,188,823$4,870,212$3,647,186$11,359,791
82$13,366,095$5,042,864$3,703,378$12,382,042
83$14,661,370$5,221,898$3,759,375$13,504,321
84$16,086,618$5,407,560$3,815,103$14,736,698
85$17,655,031$5,600,107$3,870,486$16,090,261
86$19,381,140$5,799,809$3,925,443$17,577,229
87$21,280,959$6,006,942$3,979,889$19,211,061
88$23,372,132$6,221,798$4,033,731$21,006,582
89$25,674,102$6,444,678$4,086,872$22,980,128
90$28,208,289$6,675,896$4,139,212$25,149,694
91$30,998,300$6,915,780$4,190,641$27,535,103
92$34,070,144$7,164,671$4,241,044$30,158,197
93$37,452,481$7,422,923$4,290,302$33,043,041
94$41,176,894$7,690,905$4,338,286$36,216,144
95$45,278,180$7,969,003$4,384,862$39,706,719
96$49,794,687$8,257,616$4,429,888$43,546,947
97$54,768,669$8,557,163$4,473,212$47,772,286
98$60,246,686$8,868,078$4,514,679$52,421,806
99$66,280,048$9,190,813$4,554,120$57,538,554
100$72,925,291$9,525,841$4,591,361$63,169,958