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

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 $2,740,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.4%
1 years$226,267$224,251$222,285$220,366$218,491$213,644
2 years$112,013$109,927$107,905$105,945$104,044$99,185
3 years$73,934$71,839$69,822$67,880$66,010$61,291
4 years$54,898$52,809$50,812$48,904$47,079$42,537
5 years$43,479$41,403$39,433$37,563$35,788$31,437
6 years$35,869$33,809$31,867$30,039$28,318$24,161
7 years$30,436$28,392$26,482$24,697$23,030$19,068
8 years$26,362$24,337$22,459$20,718$19,106$15,337
9 years$23,196$21,190$19,344$17,647$16,090$12,512
10 years$20,664$18,678$16,864$15,212$13,709$10,319
11 years$18,594$16,628$14,847$13,239$11,790$8,582
12 years$16,870$14,924$13,176$11,612$10,217$7,187
13 years$15,413$13,487$11,772$10,252$8,910$6,051
14 years$14,165$12,260$10,577$9,100$7,810$5,118
15 years$13,084$11,199$9,550$8,116$6,877$4,345
16 years$12,139$10,275$8,658$7,267$6,078$3,700
17 years$11,307$9,463$7,879$6,529$5,389$3,159
18 years$10,567$8,744$7,192$5,884$4,792$2,703
19 years$9,906$8,104$6,584$5,317$4,271$2,317
20 years$9,312$7,531$6,043$4,815$3,815$1,989
21 years$8,776$7,015$5,558$4,370$3,414$1,710
22 years$8,288$6,548$5,123$3,974$3,060$1,471
23 years$7,844$6,124$4,730$3,619$2,747$1,267
24 years$7,438$5,738$4,374$3,301$2,469$1,093
25 years$7,064$5,385$4,052$3,014$2,222$943
26 years$6,720$5,061$3,758$2,756$2,001$814
27 years$6,402$4,763$3,489$2,523$1,804$703
28 years$6,107$4,488$3,244$2,311$1,628$607
29 years$5,833$4,234$3,019$2,120$1,470$525
30 years$5,577$3,998$2,812$1,945$1,328$454
31 years$5,339$3,780$2,621$1,787$1,201$393
32 years$5,116$3,576$2,446$1,642$1,086$340
33 years$4,907$3,387$2,284$1,510$983$294
34 years$4,711$3,210$2,134$1,389$890$254
35 years$4,526$3,045$1,995$1,279$806$220
36 years$4,352$2,890$1,866$1,178$730$191
37 years$4,187$2,745$1,747$1,085$662$165
38 years$4,032$2,608$1,636$1,000$600$143
39 years$3,885$2,480$1,532$922$544$124
40 years$3,746$2,360$1,436$851$494$107
41 years$3,614$2,246$1,347$785$448$93
42 years$3,488$2,139$1,263$724$406$80
43 years$3,369$2,038$1,185$669$369$70
44 years$3,256$1,943$1,113$617$335$60
45 years$3,147$1,853$1,045$570$304$52
46 years$3,044$1,768$981$527$276$45
47 years$2,946$1,687$922$487$251$39
48 years$2,851$1,610$866$450$228$34
49 years$2,761$1,538$814$416$207$29
50 years$2,675$1,469$766$384$188$26

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 $3,016 every year, while hoping to spend $58,954 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: 68/10/22 Blend
64$2,740,000$2,740,000$2,740,000$2,740,000
65$3,022,591$2,877,371$2,834,901$3,211,163
66$3,268,169$2,955,636$2,867,144$3,416,104
67$3,536,819$3,035,759$2,898,490$3,633,114
68$3,830,834$3,117,771$2,928,849$3,869,109
69$4,152,737$3,201,699$2,958,123$4,125,961
70$4,505,304$3,287,570$2,986,208$4,405,732
71$4,891,597$3,375,413$3,012,998$4,710,692
72$5,314,984$3,465,253$3,038,378$5,043,345
73$5,779,177$3,557,114$3,062,228$5,406,446
74$6,288,262$3,651,022$3,084,422$5,803,032
75$6,846,742$3,746,999$3,104,827$6,236,448
76$7,459,574$3,845,067$3,123,303$6,710,382
77$8,132,222$3,945,246$3,139,705$7,228,895
78$8,870,700$4,047,555$3,153,876$7,796,462
79$9,681,636$4,152,009$3,165,656$8,418,014
80$10,572,330$4,258,625$3,174,873$9,098,986
81$11,550,825$4,367,415$3,181,348$9,845,365
82$12,625,980$4,478,390$3,184,894$10,663,747
83$13,807,556$4,591,556$3,185,314$11,561,404
84$15,106,304$4,706,921$3,182,400$12,546,347
85$16,534,072$4,824,484$3,175,935$13,627,403
86$18,103,911$4,944,247$3,165,692$14,814,302
87$19,830,198$5,066,204$3,151,432$16,117,764
88$21,728,778$5,190,347$3,132,904$17,549,603
89$23,817,103$5,316,664$3,109,846$19,122,837
90$26,114,405$5,445,138$3,081,983$20,851,815
91$28,641,873$5,575,749$3,049,028$22,752,345
92$31,422,852$5,708,468$3,010,678$24,841,853
93$34,483,065$5,843,266$2,966,619$27,139,538
94$37,850,855$5,980,103$2,916,518$29,666,561
95$41,557,451$6,118,937$2,860,030$32,446,240
96$45,637,263$6,259,717$2,796,793$35,504,274
97$50,128,206$6,402,385$2,726,427$38,868,982
98$55,072,057$6,546,875$2,648,537$42,571,575
99$60,514,850$6,693,116$2,562,706$46,646,447
100$66,507,309$6,841,023$2,468,501$51,131,502