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

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 $2,720,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$224,615$222,614$220,662$218,757$216,897$214,632
2 years$111,196$109,125$107,118$105,172$103,284$101,003
3 years$73,394$71,314$69,312$67,384$65,528$63,301
4 years$54,497$52,423$50,442$48,547$46,735$44,581
5 years$43,162$41,101$39,145$37,289$35,527$33,451
6 years$35,607$33,562$31,635$29,820$28,111$26,116
7 years$30,213$28,185$26,289$24,517$22,862$20,949
8 years$26,170$24,160$22,295$20,566$18,966$17,135
9 years$23,027$21,035$19,203$17,518$15,972$14,221
10 years$20,513$18,542$16,741$15,101$13,609$11,938
11 years$18,458$16,507$14,739$13,142$11,704$10,112
12 years$16,747$14,815$13,080$11,527$10,143$8,627
13 years$15,300$13,389$11,686$10,177$8,845$7,404
14 years$14,061$12,170$10,500$9,034$7,753$6,385
15 years$12,988$11,118$9,480$8,057$6,827$5,530
16 years$12,051$10,200$8,595$7,214$6,033$4,805
17 years$11,224$9,394$7,821$6,482$5,350$4,188
18 years$10,490$8,680$7,140$5,841$4,757$3,659
19 years$9,834$8,045$6,536$5,278$4,240$3,204
20 years$9,244$7,476$5,999$4,780$3,787$2,811
21 years$8,712$6,963$5,518$4,338$3,389$2,470
22 years$8,228$6,500$5,085$3,945$3,038$2,173
23 years$7,787$6,079$4,695$3,592$2,727$1,914
24 years$7,383$5,696$4,342$3,277$2,451$1,688
25 years$7,013$5,345$4,022$2,992$2,205$1,490
26 years$6,671$5,024$3,730$2,736$1,987$1,317
27 years$6,355$4,728$3,464$2,504$1,791$1,164
28 years$6,062$4,455$3,220$2,295$1,616$1,030
29 years$5,790$4,203$2,997$2,104$1,459$911
30 years$5,537$3,969$2,791$1,931$1,319$807
31 years$5,300$3,752$2,602$1,774$1,192$715
32 years$5,079$3,550$2,428$1,630$1,078$634
33 years$4,871$3,362$2,267$1,499$976$562
34 years$4,676$3,187$2,118$1,379$884$498
35 years$4,493$3,023$1,980$1,270$800$442
36 years$4,320$2,869$1,852$1,169$725$392
37 years$4,157$2,725$1,734$1,077$657$348
38 years$4,003$2,589$1,624$993$596$309
39 years$3,857$2,462$1,521$916$540$274
40 years$3,719$2,343$1,426$844$490$243
41 years$3,588$2,230$1,337$779$445$216
42 years$3,463$2,124$1,254$719$403$192
43 years$3,345$2,024$1,177$664$366$171
44 years$3,232$1,929$1,105$613$332$151
45 years$3,124$1,839$1,037$566$302$135
46 years$3,022$1,755$974$523$274$120
47 years$2,924$1,674$915$483$249$106
48 years$2,831$1,599$860$446$226$94
49 years$2,741$1,526$808$412$205$84
50 years$2,656$1,458$760$381$186$75

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 $2,849 every year, while hoping to spend $25,546 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: 68/17/15 Blend
64$2,720,000$2,720,000$2,720,000$2,720,000
65$3,000,379$2,856,219$2,814,059$3,193,720
66$3,279,237$2,968,993$2,881,149$3,435,688
67$3,585,682$3,086,436$2,949,631$3,696,956
68$3,922,501$3,208,752$3,019,523$3,982,076
69$4,292,765$3,336,149$3,090,846$4,293,388
70$4,699,857$3,468,850$3,163,619$4,633,470
71$5,147,502$3,607,084$3,237,860$5,005,158
72$5,639,807$3,751,091$3,313,588$5,411,575
73$6,181,296$3,901,123$3,390,822$5,856,159
74$6,776,954$4,057,443$3,469,580$6,342,695
75$7,432,271$4,220,326$3,549,878$6,875,349
76$8,153,298$4,390,058$3,631,735$7,458,710
77$8,946,703$4,566,939$3,715,167$8,097,830
78$9,819,831$4,751,283$3,800,189$8,798,271
79$10,780,775$4,943,417$3,886,817$9,566,160
80$11,838,455$5,143,685$3,975,066$10,408,243
81$13,002,696$5,352,445$4,064,949$11,331,951
82$14,284,327$5,570,070$4,156,481$12,345,465
83$15,695,277$5,796,952$4,249,672$13,457,798
84$17,248,694$6,033,502$4,344,534$14,678,876
85$18,959,063$6,280,145$4,441,078$16,019,632
86$20,842,346$6,537,331$4,539,313$17,492,110
87$22,916,132$6,805,527$4,639,247$19,109,573
88$25,199,802$7,085,222$4,740,886$20,886,635
89$27,714,712$7,376,929$4,844,236$22,839,390
90$30,484,396$7,681,182$4,949,302$24,985,570
91$33,534,785$7,998,540$5,056,084$27,344,707
92$36,894,455$8,329,591$5,164,585$29,938,320
93$40,594,894$8,674,945$5,274,803$32,790,113
94$44,670,799$9,035,243$5,386,735$35,926,201
95$49,160,406$9,411,156$5,500,376$39,375,356
96$54,105,849$9,803,384$5,615,720$43,169,274
97$59,553,555$10,212,660$5,732,756$47,342,877
98$65,554,689$10,639,751$5,851,475$51,934,639
99$72,165,628$11,085,460$5,971,860$56,986,949
100$79,448,500$11,550,626$6,093,896$62,546,511