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

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 $2,710,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$223,789$221,796$219,851$217,953$216,099$212,519
2 years$110,787$108,723$106,724$104,785$102,904$99,308
3 years$73,124$71,052$69,057$67,137$65,287$61,786
4 years$54,297$52,231$50,256$48,368$46,563$43,185
5 years$43,003$40,950$39,001$37,151$35,397$32,151
6 years$35,476$33,438$31,518$29,710$28,008$24,898
7 years$30,102$28,081$26,192$24,426$22,778$19,805
8 years$26,074$24,071$22,213$20,491$18,897$16,060
9 years$22,942$20,958$19,132$17,454$15,914$13,212
10 years$20,438$18,474$16,680$15,045$13,559$10,990
11 years$18,391$16,446$14,684$13,094$11,661$9,222
12 years$16,686$14,761$13,032$11,485$10,106$7,793
13 years$15,244$13,340$11,643$10,140$8,812$6,623
14 years$14,010$12,125$10,462$9,001$7,725$5,655
15 years$12,941$11,077$9,445$8,027$6,801$4,847
16 years$12,006$10,163$8,564$7,187$6,011$4,169
17 years$11,183$9,359$7,793$6,458$5,330$3,595
18 years$10,451$8,649$7,114$5,820$4,739$3,107
19 years$9,798$8,015$6,512$5,259$4,224$2,691
20 years$9,210$7,448$5,977$4,763$3,773$2,335
21 years$8,680$6,938$5,497$4,322$3,376$2,028
22 years$8,198$6,476$5,067$3,930$3,026$1,765
23 years$7,758$6,057$4,678$3,579$2,717$1,537
24 years$7,356$5,675$4,326$3,264$2,442$1,339
25 years$6,987$5,326$4,007$2,981$2,197$1,169
26 years$6,646$5,005$3,716$2,726$1,979$1,020
27 years$6,332$4,711$3,451$2,495$1,784$891
28 years$6,040$4,439$3,208$2,286$1,610$779
29 years$5,769$4,187$2,985$2,096$1,454$681
30 years$5,516$3,955$2,781$1,924$1,314$596
31 years$5,281$3,738$2,593$1,767$1,188$521
32 years$5,060$3,537$2,419$1,624$1,074$456
33 years$4,853$3,350$2,259$1,493$972$399
34 years$4,659$3,175$2,110$1,374$880$350
35 years$4,476$3,011$1,973$1,265$797$306
36 years$4,304$2,858$1,846$1,165$722$268
37 years$4,142$2,715$1,727$1,073$655$235
38 years$3,988$2,580$1,618$989$594$206
39 years$3,843$2,453$1,516$912$538$181
40 years$3,705$2,334$1,421$841$488$158
41 years$3,574$2,222$1,332$776$443$139
42 years$3,450$2,116$1,250$716$402$122
43 years$3,332$2,016$1,172$661$365$107
44 years$3,220$1,922$1,101$611$331$94
45 years$3,113$1,833$1,033$564$301$82
46 years$3,011$1,748$971$521$273$72
47 years$2,913$1,668$912$481$248$63
48 years$2,820$1,593$857$445$225$55
49 years$2,731$1,521$805$411$204$49
50 years$2,646$1,453$757$380$186$43

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 $2,248 every year, while hoping to spend $47,138 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: 69/17/14 Blend
64$2,710,000$2,710,000$2,710,000$2,710,000
65$2,988,739$2,845,109$2,803,104$3,185,333
66$3,243,436$2,934,365$2,846,853$3,405,623
67$3,522,532$3,026,414$2,890,489$3,640,703
68$3,828,466$3,121,345$2,933,956$3,896,683
69$4,163,925$3,219,246$2,977,199$4,175,615
70$4,531,866$3,320,210$3,020,156$4,479,755
71$4,935,549$3,424,333$3,062,764$4,811,590
72$5,378,563$3,531,713$3,104,954$5,173,856
73$5,864,861$3,642,451$3,146,655$5,569,568
74$6,398,799$3,756,653$3,187,790$6,002,045
75$6,985,173$3,874,426$3,228,278$6,474,942
76$7,629,270$3,995,882$3,268,033$6,992,285
77$8,336,909$4,121,134$3,306,967$7,558,509
78$9,114,506$4,250,302$3,344,982$8,178,499
79$9,969,125$4,383,506$3,381,979$8,857,633
80$10,908,552$4,520,874$3,417,851$9,601,838
81$11,941,360$4,662,533$3,452,485$10,417,642
82$13,077,000$4,808,618$3,485,764$11,312,236
83$14,325,880$4,959,266$3,517,563$12,293,542
84$15,699,469$5,114,619$3,547,751$13,370,286
85$17,210,403$5,274,824$3,576,189$14,552,085
86$18,872,604$5,440,030$3,602,731$15,849,529
87$20,701,412$5,610,395$3,627,225$17,274,288
88$22,713,729$5,786,076$3,649,510$18,839,219
89$24,928,176$5,967,241$3,669,415$20,558,488
90$27,365,272$6,154,058$3,686,763$22,447,702
91$30,047,627$6,346,704$3,701,366$24,524,055
92$33,000,151$6,545,359$3,713,028$26,806,496
93$36,250,295$6,750,209$3,721,543$29,315,898
94$39,828,303$6,961,447$3,726,692$32,075,263
95$43,767,503$7,179,271$3,728,250$35,109,936
96$48,104,617$7,403,885$3,725,975$38,447,841
97$52,880,112$7,635,499$3,719,619$42,119,750
98$58,138,575$7,874,330$3,708,918$46,159,567
99$63,929,139$8,120,601$3,693,596$50,604,652
100$70,305,944$8,374,543$3,673,364$55,496,172