Can I retire at age 65 with 2,740,000?

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 $2,740,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.4%
1 years$226,267$224,251$222,285$220,366$218,491$211,075
2 years$112,013$109,927$107,905$105,945$104,044$96,646
3 years$73,934$71,839$69,822$67,880$66,010$58,863
4 years$54,898$52,809$50,812$48,904$47,079$40,238
5 years$43,479$41,403$39,433$37,563$35,788$29,272
6 years$35,869$33,809$31,867$30,039$28,318$22,131
7 years$30,436$28,392$26,482$24,697$23,030$17,171
8 years$26,362$24,337$22,459$20,718$19,106$13,570
9 years$23,196$21,190$19,344$17,647$16,090$10,871
10 years$20,664$18,678$16,864$15,212$13,709$8,799
11 years$18,594$16,628$14,847$13,239$11,790$7,179
12 years$16,870$14,924$13,176$11,612$10,217$5,894
13 years$15,413$13,487$11,772$10,252$8,910$4,863
14 years$14,165$12,260$10,577$9,100$7,810$4,029
15 years$13,084$11,199$9,550$8,116$6,877$3,349
16 years$12,139$10,275$8,658$7,267$6,078$2,791
17 years$11,307$9,463$7,879$6,529$5,389$2,331
18 years$10,567$8,744$7,192$5,884$4,792$1,951
19 years$9,906$8,104$6,584$5,317$4,271$1,635
20 years$9,312$7,531$6,043$4,815$3,815$1,372
21 years$8,776$7,015$5,558$4,370$3,414$1,152
22 years$8,288$6,548$5,123$3,974$3,060$969
23 years$7,844$6,124$4,730$3,619$2,747$815
24 years$7,438$5,738$4,374$3,301$2,469$686
25 years$7,064$5,385$4,052$3,014$2,222$578
26 years$6,720$5,061$3,758$2,756$2,001$487
27 years$6,402$4,763$3,489$2,523$1,804$411
28 years$6,107$4,488$3,244$2,311$1,628$346
29 years$5,833$4,234$3,019$2,120$1,470$292
30 years$5,577$3,998$2,812$1,945$1,328$246
31 years$5,339$3,780$2,621$1,787$1,201$208
32 years$5,116$3,576$2,446$1,642$1,086$175
33 years$4,907$3,387$2,284$1,510$983$148
34 years$4,711$3,210$2,134$1,389$890$125
35 years$4,526$3,045$1,995$1,279$806$105
36 years$4,352$2,890$1,866$1,178$730$89
37 years$4,187$2,745$1,747$1,085$662$75
38 years$4,032$2,608$1,636$1,000$600$63
39 years$3,885$2,480$1,532$922$544$54
40 years$3,746$2,360$1,436$851$494$45
41 years$3,614$2,246$1,347$785$448$38
42 years$3,488$2,139$1,263$724$406$32
43 years$3,369$2,038$1,185$669$369$27
44 years$3,256$1,943$1,113$617$335$23
45 years$3,147$1,853$1,045$570$304$19
46 years$3,044$1,768$981$527$276$16
47 years$2,946$1,687$922$487$251$14
48 years$2,851$1,610$866$450$228$12
49 years$2,761$1,538$814$416$207$10
50 years$2,675$1,469$766$384$188$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $2,740,000, adding $3,457 every year, while hoping to spend $27,165 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: 53/40/7 Blend
64$2,740,000$2,740,000$2,740,000$2,740,000
65$3,023,046$2,877,826$2,835,356$3,178,029
66$3,302,493$2,989,936$2,901,437$3,395,533
67$3,609,534$3,106,629$2,968,821$3,628,771
68$3,946,953$3,228,101$3,037,524$3,881,856
69$4,317,821$3,354,556$3,107,559$4,156,666
70$4,725,518$3,486,209$3,178,942$4,455,266
71$5,173,769$3,623,281$3,251,685$4,779,929
72$5,666,678$3,766,007$3,325,801$5,133,148
73$6,208,768$3,914,630$3,401,304$5,517,669
74$6,805,020$4,069,404$3,478,205$5,936,508
75$7,460,923$4,230,596$3,556,516$6,392,985
76$8,182,524$4,398,482$3,636,246$6,890,747
77$8,976,486$4,573,353$3,717,405$7,433,811
78$9,850,153$4,755,512$3,800,003$8,026,591
79$10,811,612$4,945,276$3,884,047$8,673,947
80$11,869,778$5,142,976$3,969,544$9,381,223
81$13,034,471$5,348,957$4,056,499$10,154,301
82$14,316,513$5,563,582$4,144,918$10,999,654
83$15,727,828$5,787,228$4,234,803$11,924,405
84$17,281,554$6,020,290$4,326,157$12,936,393
85$18,992,170$6,263,181$4,418,981$14,044,249
86$20,875,627$6,516,333$4,513,272$15,257,469
87$22,949,503$6,780,196$4,609,029$16,586,511
88$25,233,169$7,055,242$4,706,248$18,042,884
89$27,747,967$7,341,964$4,804,923$19,639,261
90$30,517,417$7,640,877$4,905,045$21,389,595
91$33,567,434$7,952,521$5,006,604$23,309,246
92$36,926,576$8,277,458$5,109,589$25,415,131
93$40,626,311$8,616,278$5,213,985$27,725,875
94$44,701,316$8,969,597$5,319,775$30,261,988
95$49,189,802$9,338,058$5,426,938$33,046,057
96$54,133,875$9,722,336$5,535,454$36,102,956
97$59,579,935$10,123,136$5,645,297$39,460,079
98$65,579,112$10,541,193$5,756,437$43,147,597
99$72,187,748$10,977,278$5,868,845$47,198,737
100$79,467,932$11,432,199$5,982,485$51,650,100