Can I retire at age 65 with 2,700,000?

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 $2,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.2%
1 years$222,963$220,977$219,040$217,149$215,302$211,561
2 years$110,378$108,322$106,330$104,398$102,525$98,768
3 years$72,854$70,790$68,803$66,889$65,046$61,390
4 years$54,096$52,038$50,071$48,190$46,391$42,865
5 years$42,844$40,798$38,857$37,014$35,266$31,879
6 years$35,345$33,315$31,402$29,601$27,905$24,661
7 years$29,991$27,978$26,095$24,336$22,694$19,595
8 years$25,977$23,982$22,131$20,415$18,827$15,871
9 years$22,857$20,881$19,061$17,389$15,855$13,041
10 years$20,362$18,405$16,618$14,990$13,509$10,835
11 years$18,323$16,385$14,630$13,045$11,618$9,080
12 years$16,624$14,707$12,984$11,443$10,068$7,663
13 years$15,188$13,290$11,600$10,102$8,780$6,504
14 years$13,958$12,081$10,423$8,968$7,696$5,546
15 years$12,893$11,036$9,411$7,997$6,776$4,747
16 years$11,962$10,125$8,532$7,161$5,989$4,077
17 years$11,141$9,325$7,764$6,434$5,310$3,511
18 years$10,413$8,617$7,087$5,798$4,722$3,030
19 years$9,762$7,986$6,488$5,239$4,208$2,621
20 years$9,176$7,421$5,954$4,745$3,759$2,270
21 years$8,648$6,912$5,477$4,307$3,364$1,969
22 years$8,167$6,452$5,048$3,916$3,015$1,710
23 years$7,730$6,035$4,661$3,566$2,707$1,487
24 years$7,329$5,654$4,310$3,252$2,433$1,294
25 years$6,961$5,306$3,992$2,970$2,189$1,127
26 years$6,622$4,987$3,703$2,716$1,972$983
27 years$6,308$4,693$3,438$2,486$1,778$857
28 years$6,018$4,422$3,196$2,278$1,604$748
29 years$5,748$4,172$2,974$2,089$1,449$653
30 years$5,496$3,940$2,771$1,917$1,309$570
31 years$5,261$3,725$2,583$1,760$1,183$498
32 years$5,041$3,524$2,410$1,618$1,070$435
33 years$4,835$3,338$2,250$1,488$969$380
34 years$4,642$3,163$2,102$1,369$877$333
35 years$4,460$3,000$1,966$1,260$794$291
36 years$4,288$2,848$1,839$1,161$720$254
37 years$4,126$2,705$1,721$1,069$652$222
38 years$3,973$2,570$1,612$986$591$195
39 years$3,829$2,444$1,510$909$536$170
40 years$3,691$2,325$1,415$838$486$149
41 years$3,561$2,214$1,327$773$441$130
42 years$3,437$2,108$1,245$714$400$114
43 years$3,320$2,009$1,168$659$363$100
44 years$3,208$1,915$1,097$608$330$87
45 years$3,101$1,826$1,030$562$299$77
46 years$3,000$1,742$967$519$272$67
47 years$2,903$1,662$909$479$247$59
48 years$2,810$1,587$854$443$224$51
49 years$2,721$1,515$802$409$204$45
50 years$2,636$1,447$754$378$185$39

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $2,700,000, adding $5,596 every year, while hoping to spend $31,207 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: 44/34/22 Blend
64$2,700,000$2,700,000$2,700,000$2,700,000
65$2,981,172$2,838,072$2,796,222$3,093,117
66$3,252,048$2,943,934$2,856,692$3,278,650
67$3,549,507$3,053,937$2,918,141$3,476,160
68$3,876,228$3,168,251$2,980,570$3,689,620
69$4,235,161$3,287,053$3,043,977$3,920,526
70$4,629,558$3,410,529$3,108,361$4,170,518
71$5,062,999$3,538,872$3,173,717$4,441,401
72$5,539,430$3,672,281$3,240,042$4,735,159
73$6,063,197$3,810,968$3,307,328$5,053,973
74$6,639,089$3,955,151$3,375,570$5,400,241
75$7,272,381$4,105,059$3,444,756$5,776,602
76$7,968,887$4,260,929$3,514,878$6,185,955
77$8,735,009$4,423,011$3,585,923$6,631,492
78$9,577,805$4,591,564$3,657,876$7,116,724
79$10,505,049$4,766,858$3,730,723$7,645,514
80$11,525,306$4,949,176$3,804,444$8,222,112
81$12,648,015$5,138,813$3,879,021$8,851,195
82$13,883,575$5,336,077$3,954,430$9,537,910
83$15,243,444$5,541,289$4,030,647$10,287,922
84$16,740,247$5,754,785$4,107,646$11,107,467
85$18,387,896$5,976,913$4,185,397$12,003,407
86$20,201,721$6,208,041$4,263,866$12,983,300
87$22,198,610$6,448,549$4,343,020$14,055,462
88$24,397,176$6,698,835$4,422,819$15,229,052
89$26,817,927$6,959,317$4,503,222$16,514,153
90$29,483,459$7,230,427$4,584,184$17,921,866
91$32,418,674$7,512,621$4,665,656$19,464,417
92$35,651,010$7,806,370$4,747,587$21,155,265
93$39,210,702$8,112,171$4,829,920$23,009,237
94$43,131,066$8,430,540$4,912,594$25,042,657
95$47,448,814$8,762,016$4,995,546$27,273,503
96$52,204,402$9,107,163$5,078,705$29,721,578
97$57,442,407$9,466,571$5,161,998$32,408,690
98$63,211,954$9,840,854$5,245,346$35,358,859
99$69,567,173$10,230,655$5,328,665$38,598,542
100$76,567,713$10,636,646$5,411,864$42,156,882