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%11.5%
1 years$224,615$222,614$220,662$218,757$216,897$215,530
2 years$111,196$109,125$107,118$105,172$103,284$101,905
3 years$73,394$71,314$69,312$67,384$65,528$64,180
4 years$54,497$52,423$50,442$48,547$46,735$45,428
5 years$43,162$41,101$39,145$37,289$35,527$34,265
6 years$35,607$33,562$31,635$29,820$28,111$26,896
7 years$30,213$28,185$26,289$24,517$22,862$21,694
8 years$26,170$24,160$22,295$20,566$18,966$17,846
9 years$23,027$21,035$19,203$17,518$15,972$14,899
10 years$20,513$18,542$16,741$15,101$13,609$12,582
11 years$18,458$16,507$14,739$13,142$11,704$10,723
12 years$16,747$14,815$13,080$11,527$10,143$9,206
13 years$15,300$13,389$11,686$10,177$8,845$7,952
14 years$14,061$12,170$10,500$9,034$7,753$6,903
15 years$12,988$11,118$9,480$8,057$6,827$6,019
16 years$12,051$10,200$8,595$7,214$6,033$5,266
17 years$11,224$9,394$7,821$6,482$5,350$4,622
18 years$10,490$8,680$7,140$5,841$4,757$4,067
19 years$9,834$8,045$6,536$5,278$4,240$3,587
20 years$9,244$7,476$5,999$4,780$3,787$3,169
21 years$8,712$6,963$5,518$4,338$3,389$2,805
22 years$8,228$6,500$5,085$3,945$3,038$2,487
23 years$7,787$6,079$4,695$3,592$2,727$2,208
24 years$7,383$5,696$4,342$3,277$2,451$1,962
25 years$7,013$5,345$4,022$2,992$2,205$1,745
26 years$6,671$5,024$3,730$2,736$1,987$1,554
27 years$6,355$4,728$3,464$2,504$1,791$1,385
28 years$6,062$4,455$3,220$2,295$1,616$1,235
29 years$5,790$4,203$2,997$2,104$1,459$1,102
30 years$5,537$3,969$2,791$1,931$1,319$984
31 years$5,300$3,752$2,602$1,774$1,192$879
32 years$5,079$3,550$2,428$1,630$1,078$785
33 years$4,871$3,362$2,267$1,499$976$702
34 years$4,676$3,187$2,118$1,379$884$628
35 years$4,493$3,023$1,980$1,270$800$561
36 years$4,320$2,869$1,852$1,169$725$502
37 years$4,157$2,725$1,734$1,077$657$450
38 years$4,003$2,589$1,624$993$596$402
39 years$3,857$2,462$1,521$916$540$360
40 years$3,719$2,343$1,426$844$490$323
41 years$3,588$2,230$1,337$779$445$289
42 years$3,463$2,124$1,254$719$403$259
43 years$3,345$2,024$1,177$664$366$232
44 years$3,232$1,929$1,105$613$332$208
45 years$3,124$1,839$1,037$566$302$186
46 years$3,022$1,755$974$523$274$167
47 years$2,924$1,674$915$483$249$150
48 years$2,831$1,599$860$446$226$134
49 years$2,741$1,526$808$412$205$120
50 years$2,656$1,458$760$381$186$108

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 $6,220 every year, while hoping to spend $33,235 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: 68/8/24 Blend
64$2,720,000$2,720,000$2,720,000$2,720,000
65$3,003,856$2,859,696$2,817,536$3,189,295
66$3,274,887$2,964,459$2,876,562$3,419,225
67$3,572,450$3,073,242$2,936,451$3,666,281
68$3,899,216$3,186,206$2,997,197$3,935,787
69$4,258,126$3,303,521$3,058,793$4,229,960
70$4,652,422$3,425,361$3,121,231$4,551,241
71$5,085,676$3,551,910$3,184,499$4,902,319
72$5,561,821$3,683,359$3,248,585$5,286,156
73$6,085,191$3,819,908$3,313,477$5,706,013
74$6,660,560$3,961,764$3,379,159$6,165,481
75$7,293,190$4,109,143$3,445,613$6,668,515
76$7,988,875$4,262,271$3,512,821$7,219,475
77$8,754,002$4,421,384$3,580,762$7,823,158
78$9,595,604$4,586,726$3,649,412$8,484,852
79$10,521,434$4,758,554$3,718,745$9,210,381
80$11,540,032$4,937,134$3,788,734$10,006,159
81$12,660,807$5,122,745$3,859,349$10,879,255
82$13,894,127$5,315,678$3,930,555$11,837,453
83$15,251,416$5,516,234$4,002,317$12,889,330
84$16,745,262$5,724,731$4,074,596$14,044,337
85$18,389,533$5,941,497$4,147,349$15,312,883
86$20,199,512$6,166,877$4,220,532$16,706,439
87$22,192,038$6,401,229$4,294,095$18,237,639
88$24,385,664$6,644,928$4,367,986$19,920,408
89$26,800,837$6,898,365$4,442,148$21,770,085
90$29,460,084$7,161,946$4,516,522$23,803,571
91$32,388,230$7,436,099$4,591,043$26,039,488
92$35,612,628$7,721,266$4,665,641$28,498,354
93$39,163,419$8,017,912$4,740,243$31,202,777
94$43,073,818$8,326,519$4,814,772$34,177,667
95$47,380,423$8,647,594$4,889,142$37,450,472
96$52,123,564$8,981,664$4,963,266$41,051,435
97$57,347,681$9,329,279$5,037,048$45,013,881
98$63,101,744$9,691,013$5,110,389$49,374,531
99$69,439,716$10,067,467$5,183,182$54,173,846
100$76,421,062$10,459,268$5,255,313$59,456,411