Can I retire at age 65 with 2,720,000?

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 $2,720,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$224,615$222,614$220,662$218,757$216,897$215,892
2 years$111,196$109,125$107,118$105,172$103,284$102,270
3 years$73,394$71,314$69,312$67,384$65,528$64,535
4 years$54,497$52,423$50,442$48,547$46,735$45,772
5 years$43,162$41,101$39,145$37,289$35,527$34,597
6 years$35,607$33,562$31,635$29,820$28,111$27,215
7 years$30,213$28,185$26,289$24,517$22,862$22,000
8 years$26,170$24,160$22,295$20,566$18,966$18,138
9 years$23,027$21,035$19,203$17,518$15,972$15,178
10 years$20,513$18,542$16,741$15,101$13,609$12,849
11 years$18,458$16,507$14,739$13,142$11,704$10,977
12 years$16,747$14,815$13,080$11,527$10,143$9,448
13 years$15,300$13,389$11,686$10,177$8,845$8,182
14 years$14,061$12,170$10,500$9,034$7,753$7,121
15 years$12,988$11,118$9,480$8,057$6,827$6,225
16 years$12,051$10,200$8,595$7,214$6,033$5,461
17 years$11,224$9,394$7,821$6,482$5,350$4,806
18 years$10,490$8,680$7,140$5,841$4,757$4,241
19 years$9,834$8,045$6,536$5,278$4,240$3,751
20 years$9,244$7,476$5,999$4,780$3,787$3,324
21 years$8,712$6,963$5,518$4,338$3,389$2,951
22 years$8,228$6,500$5,085$3,945$3,038$2,624
23 years$7,787$6,079$4,695$3,592$2,727$2,336
24 years$7,383$5,696$4,342$3,277$2,451$2,083
25 years$7,013$5,345$4,022$2,992$2,205$1,858
26 years$6,671$5,024$3,730$2,736$1,987$1,660
27 years$6,355$4,728$3,464$2,504$1,791$1,484
28 years$6,062$4,455$3,220$2,295$1,616$1,327
29 years$5,790$4,203$2,997$2,104$1,459$1,188
30 years$5,537$3,969$2,791$1,931$1,319$1,064
31 years$5,300$3,752$2,602$1,774$1,192$954
32 years$5,079$3,550$2,428$1,630$1,078$855
33 years$4,871$3,362$2,267$1,499$976$767
34 years$4,676$3,187$2,118$1,379$884$688
35 years$4,493$3,023$1,980$1,270$800$617
36 years$4,320$2,869$1,852$1,169$725$554
37 years$4,157$2,725$1,734$1,077$657$498
38 years$4,003$2,589$1,624$993$596$447
39 years$3,857$2,462$1,521$916$540$402
40 years$3,719$2,343$1,426$844$490$361
41 years$3,588$2,230$1,337$779$445$324
42 years$3,463$2,124$1,254$719$403$292
43 years$3,345$2,024$1,177$664$366$262
44 years$3,232$1,929$1,105$613$332$236
45 years$3,124$1,839$1,037$566$302$212
46 years$3,022$1,755$974$523$274$191
47 years$2,924$1,674$915$483$249$171
48 years$2,831$1,599$860$446$226$154
49 years$2,741$1,526$808$412$205$139
50 years$2,656$1,458$760$381$186$125

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $2,720,000, adding $2,526 every year, while hoping to spend $58,603 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: 77/13/10 Blend
64$2,720,000$2,720,000$2,720,000$2,720,000
65$3,000,046$2,855,886$2,813,726$3,225,684
66$3,243,697$2,933,471$2,845,632$3,452,044
67$3,510,237$3,012,894$2,876,644$3,692,423
68$3,801,938$3,094,182$2,906,668$3,954,310
69$4,121,302$3,177,364$2,935,608$4,239,822
70$4,471,087$3,262,466$2,963,362$4,551,292
71$4,854,325$3,349,515$2,989,823$4,891,287
72$5,274,360$3,438,535$3,014,876$5,262,635
73$5,734,874$3,529,552$3,038,403$5,668,451
74$6,239,919$3,622,588$3,060,277$6,112,166
75$6,793,961$3,717,665$3,080,367$6,597,557
76$7,401,919$3,814,805$3,098,534$7,128,787
77$8,069,211$3,914,026$3,114,631$7,710,442
78$8,801,804$4,015,347$3,128,504$8,347,571
79$9,606,271$4,118,782$3,139,992$9,045,738
80$10,489,855$4,224,347$3,148,926$9,811,073
81$11,460,532$4,332,052$3,155,127$10,650,327
82$12,527,091$4,441,907$3,158,408$11,570,941
83$13,699,212$4,553,918$3,158,573$12,581,110
84$14,987,563$4,668,091$3,155,416$13,689,864
85$16,403,892$4,784,426$3,148,721$14,907,152
86$17,961,147$4,902,920$3,138,260$16,243,935
87$19,673,589$5,023,568$3,123,797$17,712,291
88$21,556,933$5,146,361$3,105,082$19,325,527
89$23,628,492$5,271,285$3,081,855$21,098,306
90$25,907,342$5,398,322$3,053,841$23,046,784
91$28,414,500$5,527,449$3,020,753$25,188,763
92$31,173,124$5,658,638$2,982,293$27,543,857
93$34,208,727$5,791,856$2,938,145$30,133,681
94$37,549,425$5,927,065$2,887,981$32,982,051
95$41,226,193$6,064,218$2,831,455$36,115,210
96$45,273,164$6,203,263$2,768,207$39,562,078
97$49,727,945$6,344,142$2,697,861$43,354,519
98$54,631,977$6,486,786$2,620,021$47,527,647
99$60,030,921$6,631,122$2,534,274$52,120,156
100$65,975,092$6,777,063$2,440,189$57,174,683