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%17%
1 years$223,789$221,796$219,851$217,953$216,099$209,939
2 years$110,787$108,723$106,724$104,785$102,904$96,746
3 years$73,124$71,052$69,057$67,137$65,287$59,323
4 years$54,297$52,231$50,256$48,368$46,563$40,840
5 years$43,003$40,950$39,001$37,151$35,397$29,930
6 years$35,476$33,438$31,518$29,710$28,008$22,802
7 years$30,102$28,081$26,192$24,426$22,778$17,834
8 years$26,074$24,071$22,213$20,491$18,897$14,211
9 years$22,942$20,958$19,132$17,454$15,914$11,482
10 years$20,438$18,474$16,680$15,045$13,559$9,375
11 years$18,391$16,446$14,684$13,094$11,661$7,718
12 years$16,686$14,761$13,032$11,485$10,106$6,396
13 years$15,244$13,340$11,643$10,140$8,812$5,328
14 years$14,010$12,125$10,462$9,001$7,725$4,457
15 years$12,941$11,077$9,445$8,027$6,801$3,742
16 years$12,006$10,163$8,564$7,187$6,011$3,150
17 years$11,183$9,359$7,793$6,458$5,330$2,658
18 years$10,451$8,649$7,114$5,820$4,739$2,248
19 years$9,798$8,015$6,512$5,259$4,224$1,904
20 years$9,210$7,448$5,977$4,763$3,773$1,615
21 years$8,680$6,938$5,497$4,322$3,376$1,371
22 years$8,198$6,476$5,067$3,930$3,026$1,165
23 years$7,758$6,057$4,678$3,579$2,717$991
24 years$7,356$5,675$4,326$3,264$2,442$844
25 years$6,987$5,326$4,007$2,981$2,197$719
26 years$6,646$5,005$3,716$2,726$1,979$612
27 years$6,332$4,711$3,451$2,495$1,784$522
28 years$6,040$4,439$3,208$2,286$1,610$445
29 years$5,769$4,187$2,985$2,096$1,454$380
30 years$5,516$3,955$2,781$1,924$1,314$324
31 years$5,281$3,738$2,593$1,767$1,188$277
32 years$5,060$3,537$2,419$1,624$1,074$236
33 years$4,853$3,350$2,259$1,493$972$202
34 years$4,659$3,175$2,110$1,374$880$172
35 years$4,476$3,011$1,973$1,265$797$147
36 years$4,304$2,858$1,846$1,165$722$126
37 years$4,142$2,715$1,727$1,073$655$107
38 years$3,988$2,580$1,618$989$594$92
39 years$3,843$2,453$1,516$912$538$78
40 years$3,705$2,334$1,421$841$488$67
41 years$3,574$2,222$1,332$776$443$57
42 years$3,450$2,116$1,250$716$402$49
43 years$3,332$2,016$1,172$661$365$42
44 years$3,220$1,922$1,101$611$331$36
45 years$3,113$1,833$1,033$564$301$31
46 years$3,011$1,748$971$521$273$26
47 years$2,913$1,668$912$481$248$22
48 years$2,820$1,593$857$445$225$19
49 years$2,731$1,521$805$411$204$16
50 years$2,646$1,453$757$380$186$14

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 $3,738 every year, while hoping to spend $45,753 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: 68/13/19 Blend
64$2,710,000$2,710,000$2,710,000$2,710,000
65$2,990,276$2,846,646$2,804,641$3,179,407
66$3,246,603$2,937,451$2,849,915$3,397,075
67$3,527,542$3,031,171$2,895,173$3,629,393
68$3,835,556$3,127,903$2,940,366$3,882,401
69$4,173,355$3,227,742$2,985,440$4,158,134
70$4,543,926$3,330,791$3,030,342$4,458,834
71$4,950,560$3,437,153$3,075,012$4,786,968
72$5,396,880$3,546,937$3,119,387$5,145,254
73$5,886,877$3,660,252$3,163,403$5,536,686
74$6,424,949$3,777,215$3,206,987$5,964,561
75$7,015,939$3,897,944$3,250,066$6,432,509
76$7,665,183$4,022,561$3,292,561$6,944,532
77$8,378,559$4,151,193$3,334,389$7,505,034
78$9,162,542$4,283,972$3,375,461$8,118,869
79$10,024,266$4,421,032$3,415,684$8,791,382
80$10,971,592$4,562,513$3,454,960$9,528,465
81$12,013,177$4,708,559$3,493,184$10,336,604
82$13,158,563$4,859,320$3,530,247$11,222,947
83$14,418,259$5,014,949$3,566,033$12,195,370
84$15,803,846$5,175,606$3,600,420$13,262,548
85$17,328,083$5,341,455$3,633,279$14,434,039
86$19,005,027$5,512,667$3,664,474$15,720,375
87$20,850,169$5,689,417$3,693,863$17,133,159
88$22,880,574$5,871,886$3,721,295$18,685,175
89$25,115,047$6,060,262$3,746,612$20,390,509
90$27,574,306$6,254,740$3,769,649$22,264,681
91$30,281,182$6,455,519$3,790,228$24,324,792
92$33,260,830$6,662,806$3,808,168$26,589,684
93$36,540,967$6,876,816$3,823,274$29,080,121
94$40,152,135$7,097,769$3,835,344$31,818,978
95$44,127,988$7,325,896$3,844,163$34,831,465
96$48,505,609$7,561,430$3,849,508$38,145,357
97$53,325,859$7,804,618$3,851,145$41,791,264
98$58,633,764$8,055,712$3,848,825$45,802,911
99$64,478,938$8,314,972$3,842,291$50,217,462
100$70,916,052$8,582,668$3,831,270$55,075,870