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%18.1%
1 years$224,615$222,614$220,662$218,757$216,897$209,786
2 years$111,196$109,125$107,118$105,172$103,284$96,188
3 years$73,394$71,314$69,312$67,384$65,528$58,669
4 years$54,497$52,423$50,442$48,547$46,735$40,166
5 years$43,162$41,101$39,145$37,289$35,527$29,266
6 years$35,607$33,562$31,635$29,820$28,111$22,162
7 years$30,213$28,185$26,289$24,517$22,862$17,225
8 years$26,170$24,160$22,295$20,566$18,966$13,637
9 years$23,027$21,035$19,203$17,518$15,972$10,945
10 years$20,513$18,542$16,741$15,101$13,609$8,875
11 years$18,458$16,507$14,739$13,142$11,704$7,255
12 years$16,747$14,815$13,080$11,527$10,143$5,968
13 years$15,300$13,389$11,686$10,177$8,845$4,935
14 years$14,061$12,170$10,500$9,034$7,753$4,097
15 years$12,988$11,118$9,480$8,057$6,827$3,413
16 years$12,051$10,200$8,595$7,214$6,033$2,850
17 years$11,224$9,394$7,821$6,482$5,350$2,386
18 years$10,490$8,680$7,140$5,841$4,757$2,001
19 years$9,834$8,045$6,536$5,278$4,240$1,681
20 years$9,244$7,476$5,999$4,780$3,787$1,414
21 years$8,712$6,963$5,518$4,338$3,389$1,190
22 years$8,228$6,500$5,085$3,945$3,038$1,003
23 years$7,787$6,079$4,695$3,592$2,727$846
24 years$7,383$5,696$4,342$3,277$2,451$714
25 years$7,013$5,345$4,022$2,992$2,205$603
26 years$6,671$5,024$3,730$2,736$1,987$509
27 years$6,355$4,728$3,464$2,504$1,791$430
28 years$6,062$4,455$3,220$2,295$1,616$364
29 years$5,790$4,203$2,997$2,104$1,459$307
30 years$5,537$3,969$2,791$1,931$1,319$260
31 years$5,300$3,752$2,602$1,774$1,192$220
32 years$5,079$3,550$2,428$1,630$1,078$186
33 years$4,871$3,362$2,267$1,499$976$157
34 years$4,676$3,187$2,118$1,379$884$133
35 years$4,493$3,023$1,980$1,270$800$113
36 years$4,320$2,869$1,852$1,169$725$95
37 years$4,157$2,725$1,734$1,077$657$81
38 years$4,003$2,589$1,624$993$596$68
39 years$3,857$2,462$1,521$916$540$58
40 years$3,719$2,343$1,426$844$490$49
41 years$3,588$2,230$1,337$779$445$41
42 years$3,463$2,124$1,254$719$403$35
43 years$3,345$2,024$1,177$664$366$30
44 years$3,232$1,929$1,105$613$332$25
45 years$3,124$1,839$1,037$566$302$21
46 years$3,022$1,755$974$523$274$18
47 years$2,924$1,674$915$483$249$15
48 years$2,831$1,599$860$446$226$13
49 years$2,741$1,526$808$412$205$11
50 years$2,656$1,458$760$381$186$9

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 $2,814 every year, while hoping to spend $45,950 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: 68/21/11 Blend
64$2,720,000$2,720,000$2,720,000$2,720,000
65$3,000,343$2,856,183$2,814,023$3,197,196
66$3,257,487$2,947,245$2,859,402$3,419,425
67$3,539,320$3,041,230$2,904,761$3,656,608
68$3,848,312$3,138,231$2,950,052$3,914,804
69$4,187,182$3,238,347$2,995,221$4,196,065
70$4,558,927$3,341,678$3,040,213$4,502,655
71$4,966,846$3,448,329$3,084,969$4,837,060
72$5,414,575$3,558,407$3,129,426$5,202,023
73$5,906,117$3,672,024$3,173,517$5,600,561
74$6,445,882$3,789,295$3,217,171$6,035,996
75$7,038,730$3,910,339$3,260,315$6,511,986
76$7,690,013$4,035,277$3,302,867$7,032,562
77$8,405,626$4,164,238$3,344,745$7,602,158
78$9,192,066$4,297,352$3,385,860$8,225,663
79$10,056,489$4,434,754$3,426,118$8,908,458
80$11,006,777$4,576,583$3,465,420$9,656,470
81$12,051,618$4,722,985$3,503,661$10,476,228
82$13,200,580$4,874,108$3,540,730$11,374,924
83$14,464,206$5,030,107$3,576,512$12,360,479
84$15,854,114$5,191,141$3,610,884$13,441,618
85$17,383,100$5,357,373$3,643,715$14,627,956
86$19,065,267$5,528,975$3,674,870$15,930,080
87$20,916,151$5,706,122$3,704,205$17,359,656
88$22,952,872$5,888,995$3,731,569$18,929,535
89$25,194,291$6,077,782$3,756,803$20,653,875
90$27,661,192$6,272,677$3,779,740$22,548,275
91$30,376,475$6,473,879$3,800,202$24,629,919
92$33,365,373$6,681,597$3,818,007$26,917,740
93$36,655,689$6,896,044$3,832,958$29,432,599
94$40,278,059$7,117,440$3,844,852$32,197,479
95$44,266,241$7,346,015$3,853,475$35,237,702
96$48,657,433$7,582,004$3,858,601$38,581,169
97$53,492,620$7,825,651$3,859,993$42,258,622
98$58,816,969$8,077,210$3,857,405$46,303,933
99$64,680,247$8,336,940$3,850,575$50,754,425
100$71,137,293$8,605,111$3,839,230$55,651,220