Can I retire at age 65 with 2,680,000?

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 $2,680,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$221,312$219,341$217,417$215,540$213,707$212,182
2 years$109,560$107,520$105,542$103,625$101,765$100,228
3 years$72,315$70,265$68,293$66,394$64,564$63,061
4 years$53,696$51,653$49,700$47,833$46,048$44,592
5 years$42,527$40,496$38,569$36,740$35,005$33,599
6 years$35,084$33,068$31,170$29,381$27,698$26,345
7 years$29,769$27,771$25,902$24,156$22,526$21,226
8 years$25,785$23,805$21,967$20,264$18,687$17,441
9 years$22,688$20,726$18,920$17,260$15,737$14,544
10 years$20,212$18,269$16,495$14,879$13,409$12,268
11 years$18,187$16,264$14,522$12,949$11,532$10,442
12 years$16,501$14,598$12,888$11,358$9,994$8,954
13 years$15,075$13,192$11,514$10,027$8,715$7,724
14 years$13,855$11,991$10,346$8,901$7,639$6,697
15 years$12,797$10,954$9,341$7,938$6,726$5,831
16 years$11,873$10,050$8,469$7,108$5,945$5,095
17 years$11,059$9,256$7,706$6,386$5,271$4,465
18 years$10,336$8,553$7,035$5,755$4,687$3,923
19 years$9,689$7,927$6,440$5,200$4,177$3,455
20 years$9,108$7,366$5,910$4,710$3,731$3,049
21 years$8,584$6,861$5,436$4,275$3,339$2,695
22 years$8,107$6,404$5,011$3,887$2,993$2,385
23 years$7,672$5,990$4,626$3,540$2,687$2,114
24 years$7,275$5,612$4,279$3,228$2,415$1,876
25 years$6,909$5,267$3,963$2,948$2,173$1,666
26 years$6,573$4,950$3,675$2,696$1,957$1,481
27 years$6,262$4,658$3,413$2,468$1,765$1,318
28 years$5,973$4,390$3,173$2,261$1,592$1,173
29 years$5,705$4,141$2,952$2,073$1,438$1,045
30 years$5,455$3,911$2,750$1,903$1,299$932
31 years$5,222$3,697$2,564$1,747$1,175$831
32 years$5,004$3,498$2,392$1,606$1,062$741
33 years$4,799$3,313$2,234$1,477$962$662
34 years$4,607$3,140$2,087$1,359$871$591
35 years$4,427$2,978$1,951$1,251$789$527
36 years$4,256$2,827$1,825$1,152$714$471
37 years$4,096$2,685$1,708$1,061$648$421
38 years$3,944$2,551$1,600$978$587$376
39 years$3,800$2,426$1,499$902$532$336
40 years$3,664$2,308$1,405$832$483$301
41 years$3,535$2,197$1,317$768$438$269
42 years$3,412$2,093$1,236$708$397$240
43 years$3,295$1,994$1,160$654$361$215
44 years$3,184$1,900$1,088$604$327$192
45 years$3,078$1,812$1,022$558$297$172
46 years$2,977$1,729$960$515$270$154
47 years$2,881$1,650$902$476$245$138
48 years$2,789$1,575$847$440$223$123
49 years$2,701$1,504$797$406$202$110
50 years$2,617$1,437$749$376$184$99

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $2,680,000, adding $4,590 every year, while hoping to spend $34,479 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: 60/21/19 Blend
64$2,680,000$2,680,000$2,680,000$2,680,000
65$2,958,095$2,816,055$2,774,515$3,120,690
66$3,223,135$2,917,356$2,830,775$3,332,522
67$3,514,054$3,022,465$2,887,765$3,559,313
68$3,833,454$3,131,533$2,945,473$3,805,952
69$4,184,204$3,244,716$3,003,883$4,074,366
70$4,569,462$3,362,176$3,062,983$4,366,678
71$4,992,708$3,484,084$3,122,754$4,685,222
72$5,457,776$3,610,615$3,183,177$5,032,569
73$5,968,889$3,741,955$3,244,234$5,411,547
74$6,530,699$3,878,295$3,305,899$5,825,271
75$7,148,333$4,019,834$3,368,150$6,277,170
76$7,827,439$4,166,781$3,430,958$6,771,017
77$8,574,237$4,319,353$3,494,294$7,310,970
78$9,395,583$4,477,775$3,558,127$7,901,604
79$10,299,030$4,642,284$3,622,422$8,547,958
80$11,292,899$4,813,123$3,687,141$9,255,582
81$12,386,358$4,990,550$3,752,244$10,030,586
82$13,589,511$5,174,831$3,817,688$10,879,700
83$14,913,487$5,366,244$3,883,427$11,810,335
84$16,370,550$5,565,078$3,949,410$12,830,656
85$17,974,215$5,771,635$4,015,583$13,949,653
86$19,739,370$5,986,231$4,081,891$15,177,230
87$21,682,422$6,209,192$4,148,271$16,524,294
88$23,821,450$6,440,863$4,214,658$18,002,862
89$26,176,371$6,681,599$4,280,983$19,626,170
90$28,769,137$6,931,773$4,347,171$21,408,798
91$31,623,932$7,191,773$4,413,144$23,366,808
92$34,767,407$7,462,004$4,478,819$25,517,894
93$38,228,928$7,742,887$4,544,104$27,881,549
94$42,040,854$8,034,865$4,608,908$30,479,248
95$46,238,843$8,338,395$4,673,128$33,334,648
96$50,862,187$8,653,958$4,736,659$36,473,814
97$55,954,181$8,982,053$4,799,389$39,925,463
98$61,562,536$9,323,202$4,861,197$43,721,231
99$67,739,826$9,677,951$4,921,958$47,895,977
100$74,543,984$10,046,866$4,981,539$52,488,105