Can I retire at age 65 with 2,710,000?

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 $2,710,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$223,789$221,796$219,851$217,953$216,099$214,199
2 years$110,787$108,723$106,724$104,785$102,904$100,990
3 years$73,124$71,052$69,057$67,137$65,287$63,417
4 years$54,297$52,231$50,256$48,368$46,563$44,752
5 years$43,003$40,950$39,001$37,151$35,397$33,650
6 years$35,476$33,438$31,518$29,710$28,008$26,328
7 years$30,102$28,081$26,192$24,426$22,778$21,166
8 years$26,074$24,071$22,213$20,491$18,897$17,352
9 years$22,942$20,958$19,132$17,454$15,914$14,435
10 years$20,438$18,474$16,680$15,045$13,559$12,147
11 years$18,391$16,446$14,684$13,094$11,661$10,314
12 years$16,686$14,761$13,032$11,485$10,106$8,822
13 years$15,244$13,340$11,643$10,140$8,812$7,591
14 years$14,010$12,125$10,462$9,001$7,725$6,564
15 years$12,941$11,077$9,445$8,027$6,801$5,700
16 years$12,006$10,163$8,564$7,187$6,011$4,967
17 years$11,183$9,359$7,793$6,458$5,330$4,341
18 years$10,451$8,649$7,114$5,820$4,739$3,803
19 years$9,798$8,015$6,512$5,259$4,224$3,340
20 years$9,210$7,448$5,977$4,763$3,773$2,939
21 years$8,680$6,938$5,497$4,322$3,376$2,590
22 years$8,198$6,476$5,067$3,930$3,026$2,285
23 years$7,758$6,057$4,678$3,579$2,717$2,020
24 years$7,356$5,675$4,326$3,264$2,442$1,787
25 years$6,987$5,326$4,007$2,981$2,197$1,582
26 years$6,646$5,005$3,716$2,726$1,979$1,402
27 years$6,332$4,711$3,451$2,495$1,784$1,243
28 years$6,040$4,439$3,208$2,286$1,610$1,103
29 years$5,769$4,187$2,985$2,096$1,454$980
30 years$5,516$3,955$2,781$1,924$1,314$871
31 years$5,281$3,738$2,593$1,767$1,188$774
32 years$5,060$3,537$2,419$1,624$1,074$688
33 years$4,853$3,350$2,259$1,493$972$612
34 years$4,659$3,175$2,110$1,374$880$545
35 years$4,476$3,011$1,973$1,265$797$485
36 years$4,304$2,858$1,846$1,165$722$431
37 years$4,142$2,715$1,727$1,073$655$384
38 years$3,988$2,580$1,618$989$594$342
39 years$3,843$2,453$1,516$912$538$305
40 years$3,705$2,334$1,421$841$488$272
41 years$3,574$2,222$1,332$776$443$242
42 years$3,450$2,116$1,250$716$402$216
43 years$3,332$2,016$1,172$661$365$192
44 years$3,220$1,922$1,101$611$331$171
45 years$3,113$1,833$1,033$564$301$153
46 years$3,011$1,748$971$521$273$136
47 years$2,913$1,668$912$481$248$121
48 years$2,820$1,593$857$445$225$108
49 years$2,731$1,521$805$411$204$97
50 years$2,646$1,453$757$380$186$86

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $2,710,000, adding $6,111 every year, while hoping to spend $30,240 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: 36/44/20 Blend
64$2,710,000$2,710,000$2,710,000$2,710,000
65$2,992,723$2,849,093$2,807,088$3,082,116
66$3,265,806$2,956,524$2,868,951$3,255,327
67$3,565,730$3,068,205$2,931,872$3,438,932
68$3,895,200$3,184,313$2,995,856$3,636,523
69$4,257,198$3,305,032$3,060,904$3,849,370
70$4,655,007$3,430,554$3,127,020$4,078,863
71$5,092,246$3,561,079$3,194,203$4,326,530
72$5,572,899$3,696,816$3,262,453$4,594,050
73$6,101,359$3,837,983$3,331,769$4,883,265
74$6,682,461$3,984,809$3,402,147$5,196,198
75$7,321,538$4,137,529$3,473,584$5,535,072
76$8,024,460$4,296,394$3,546,075$5,902,332
77$8,797,699$4,461,661$3,619,612$6,300,662
78$9,648,382$4,633,600$3,694,187$6,733,012
79$10,584,364$4,812,493$3,769,789$7,202,628
80$11,614,300$4,998,636$3,846,408$7,713,075
81$12,747,724$5,192,335$3,924,028$8,268,277
82$13,995,144$5,393,912$4,002,635$8,872,546
83$15,368,136$5,603,701$4,082,211$9,530,626
84$16,879,456$5,822,052$4,162,735$10,247,735
85$18,543,160$6,049,332$4,244,186$11,029,614
86$20,374,734$6,285,921$4,326,538$11,882,577
87$22,391,244$6,532,219$4,409,764$12,813,574
88$24,611,494$6,788,641$4,493,835$13,830,249
89$27,056,205$7,055,622$4,578,717$14,941,018
90$29,748,208$7,333,618$4,664,373$16,155,141
91$32,712,661$7,623,101$4,750,766$17,482,809
92$35,977,288$7,924,569$4,837,853$18,935,241
93$39,572,637$8,238,539$4,925,586$20,524,786
94$43,532,371$8,565,551$5,013,918$22,265,037
95$47,893,581$8,906,172$5,102,793$24,170,961
96$52,697,144$9,260,992$5,192,154$26,259,034
97$57,988,100$9,630,628$5,281,939$28,547,397
98$63,816,083$10,015,726$5,372,080$31,056,024
99$70,235,786$10,416,959$5,462,508$33,806,911
100$77,307,479$10,835,032$5,553,144$36,824,276