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

Use the below retirement simulation to view the chances of a successful retirement.
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%12.9%
1 years$222,963$220,977$219,040$217,149$215,302$212,700
2 years$110,378$108,322$106,330$104,398$102,525$99,906
3 years$72,854$70,790$68,803$66,889$65,046$62,492
4 years$54,096$52,038$50,071$48,190$46,391$43,922
5 years$42,844$40,798$38,857$37,014$35,266$32,888
6 years$35,345$33,315$31,402$29,601$27,905$25,621
7 years$29,991$27,978$26,095$24,336$22,694$20,506
8 years$25,977$23,982$22,131$20,415$18,827$16,734
9 years$22,857$20,881$19,061$17,389$15,855$13,856
10 years$20,362$18,405$16,618$14,990$13,509$11,604
11 years$18,323$16,385$14,630$13,045$11,618$9,804
12 years$16,624$14,707$12,984$11,443$10,068$8,343
13 years$15,188$13,290$11,600$10,102$8,780$7,142
14 years$13,958$12,081$10,423$8,968$7,696$6,143
15 years$12,893$11,036$9,411$7,997$6,776$5,305
16 years$11,962$10,125$8,532$7,161$5,989$4,598
17 years$11,141$9,325$7,764$6,434$5,310$3,996
18 years$10,413$8,617$7,087$5,798$4,722$3,481
19 years$9,762$7,986$6,488$5,239$4,208$3,039
20 years$9,176$7,421$5,954$4,745$3,759$2,659
21 years$8,648$6,912$5,477$4,307$3,364$2,329
22 years$8,167$6,452$5,048$3,916$3,015$2,043
23 years$7,730$6,035$4,661$3,566$2,707$1,794
24 years$7,329$5,654$4,310$3,252$2,433$1,578
25 years$6,961$5,306$3,992$2,970$2,189$1,388
26 years$6,622$4,987$3,703$2,716$1,972$1,222
27 years$6,308$4,693$3,438$2,486$1,778$1,077
28 years$6,018$4,422$3,196$2,278$1,604$950
29 years$5,748$4,172$2,974$2,089$1,449$838
30 years$5,496$3,940$2,771$1,917$1,309$740
31 years$5,261$3,725$2,583$1,760$1,183$653
32 years$5,041$3,524$2,410$1,618$1,070$577
33 years$4,835$3,338$2,250$1,488$969$510
34 years$4,642$3,163$2,102$1,369$877$451
35 years$4,460$3,000$1,966$1,260$794$398
36 years$4,288$2,848$1,839$1,161$720$352
37 years$4,126$2,705$1,721$1,069$652$312
38 years$3,973$2,570$1,612$986$591$276
39 years$3,829$2,444$1,510$909$536$244
40 years$3,691$2,325$1,415$838$486$216
41 years$3,561$2,214$1,327$773$441$191
42 years$3,437$2,108$1,245$714$400$169
43 years$3,320$2,009$1,168$659$363$150
44 years$3,208$1,915$1,097$608$330$132
45 years$3,101$1,826$1,030$562$299$117
46 years$3,000$1,742$967$519$272$104
47 years$2,903$1,662$909$479$247$92
48 years$2,810$1,587$854$443$224$81
49 years$2,721$1,515$802$409$204$72
50 years$2,636$1,447$754$378$185$64

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 $6,899 every year, while hoping to spend $46,079 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: 39/41/20 Blend
64$2,700,000$2,700,000$2,700,000$2,700,000
65$2,982,516$2,839,416$2,797,566$3,080,814
66$3,237,705$2,929,520$2,842,257$3,242,217
67$3,517,379$3,022,494$2,886,901$3,411,733
68$3,823,987$3,118,432$2,931,447$3,594,082
69$4,160,225$3,217,426$2,975,842$3,790,453
70$4,529,065$3,319,577$3,020,029$4,002,153
71$4,933,778$3,424,985$3,063,949$4,230,620
72$5,377,968$3,533,754$3,107,536$4,477,434
73$5,865,606$3,645,993$3,150,723$4,744,335
74$6,401,063$3,761,812$3,193,438$5,033,233
75$6,989,158$3,881,328$3,235,605$5,346,235
76$7,635,197$4,004,658$3,277,143$5,685,654
77$8,345,027$4,131,925$3,317,966$6,054,040
78$9,125,086$4,263,256$3,357,985$6,454,194
79$9,982,471$4,398,782$3,397,104$6,889,204
80$10,924,998$4,538,637$3,435,221$7,362,467
81$11,961,279$4,682,961$3,472,232$7,877,720
82$13,100,801$4,831,898$3,508,023$8,439,082
83$14,354,017$4,985,595$3,542,477$9,051,084
84$15,732,445$5,144,208$3,575,468$9,718,716
85$17,248,774$5,307,894$3,606,866$10,447,473
86$18,916,985$5,476,816$3,636,531$11,243,405
87$20,752,481$5,651,143$3,664,319$12,113,176
88$22,772,235$5,831,051$3,690,075$13,064,124
89$24,994,949$6,016,719$3,713,639$14,104,330
90$27,441,229$6,208,332$3,734,840$15,242,695
91$30,133,778$6,406,084$3,753,501$16,489,023
92$33,097,613$6,610,172$3,769,433$17,854,113
93$36,360,300$6,820,802$3,782,440$19,349,859
94$39,952,214$7,038,184$3,792,315$20,989,365
95$43,906,823$7,262,538$3,798,840$22,787,062
96$48,261,005$7,494,089$3,801,788$24,758,853
97$53,055,398$7,733,070$3,800,919$26,922,251
98$58,334,780$7,979,722$3,795,981$29,296,555
99$64,148,493$8,234,293$3,786,711$31,903,022
100$70,550,906$8,497,040$3,772,833$34,765,074