Can I retire at age 65 with 2,260,000?

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 $2,260,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$186,629$184,966$183,344$181,761$180,216$178,631
2 years$92,390$90,670$89,002$87,385$85,817$84,220
3 years$60,982$59,254$57,590$55,989$54,446$52,886
4 years$45,281$43,558$41,911$40,337$38,831$37,321
5 years$35,862$34,150$32,525$30,982$29,519$28,062
6 years$29,585$27,886$26,285$24,777$23,357$21,956
7 years$25,104$23,419$21,843$20,370$18,996$17,651
8 years$21,744$20,074$18,524$17,088$15,759$14,470
9 years$19,132$17,478$15,955$14,555$13,271$12,038
10 years$17,044$15,406$13,910$12,547$11,308$10,130
11 years$15,337$13,715$12,246$10,920$9,725$8,601
12 years$13,915$12,310$10,868$9,578$8,427$7,357
13 years$12,713$11,125$9,710$8,456$7,349$6,330
14 years$11,683$10,112$8,724$7,506$6,442$5,474
15 years$10,792$9,237$7,877$6,694$5,672$4,753
16 years$10,013$8,475$7,142$5,994$5,013$4,142
17 years$9,326$7,805$6,499$5,385$4,445$3,620
18 years$8,716$7,212$5,932$4,853$3,952$3,172
19 years$8,171$6,684$5,431$4,385$3,523$2,785
20 years$7,681$6,211$4,984$3,972$3,146$2,451
21 years$7,238$5,786$4,584$3,605$2,816$2,160
22 years$6,836$5,401$4,225$3,278$2,524$1,906
23 years$6,470$5,051$3,901$2,985$2,266$1,684
24 years$6,135$4,733$3,608$2,722$2,036$1,490
25 years$5,827$4,441$3,342$2,486$1,832$1,319
26 years$5,543$4,174$3,099$2,273$1,651$1,169
27 years$5,280$3,928$2,878$2,081$1,488$1,037
28 years$5,037$3,702$2,675$1,906$1,343$920
29 years$4,811$3,492$2,490$1,748$1,213$817
30 years$4,600$3,298$2,319$1,604$1,096$726
31 years$4,404$3,118$2,162$1,474$991$645
32 years$4,220$2,950$2,017$1,354$896$574
33 years$4,047$2,794$1,883$1,245$811$510
34 years$3,885$2,648$1,760$1,146$734$454
35 years$3,733$2,511$1,645$1,055$665$404
36 years$3,589$2,384$1,539$971$602$360
37 years$3,454$2,264$1,441$895$546$320
38 years$3,326$2,152$1,349$825$495$285
39 years$3,205$2,046$1,264$761$449$254
40 years$3,090$1,946$1,185$702$407$226
41 years$2,981$1,853$1,111$647$369$202
42 years$2,877$1,765$1,042$597$335$180
43 years$2,779$1,681$978$551$304$160
44 years$2,685$1,603$918$509$276$143
45 years$2,596$1,528$862$470$251$127
46 years$2,511$1,458$809$434$228$114
47 years$2,430$1,391$760$401$207$101
48 years$2,352$1,328$715$371$188$90
49 years$2,278$1,268$672$343$170$80
50 years$2,207$1,212$631$317$155$72

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $2,260,000, adding $5,082 every year, while hoping to spend $23,228 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: 79/14/7 Blend
64$2,260,000$2,260,000$2,260,000$2,260,000
65$2,495,762$2,375,982$2,340,952$2,690,583
66$2,725,615$2,467,691$2,394,660$2,910,732
67$2,978,135$2,563,115$2,449,388$3,148,614
68$3,255,609$2,662,411$2,505,146$3,408,866
69$3,560,557$2,765,745$2,561,944$3,693,706
70$3,895,755$2,873,288$2,619,791$4,005,578
71$4,264,262$2,985,219$2,678,694$4,347,172
72$4,669,448$3,101,726$2,738,661$4,721,449
73$5,115,025$3,223,004$2,799,699$5,131,670
74$5,605,083$3,349,257$2,861,815$5,581,427
75$6,144,130$3,480,698$2,925,014$6,074,675
76$6,737,130$3,617,552$2,989,301$6,615,771
77$7,389,555$3,760,049$3,054,680$7,209,511
78$8,107,432$3,908,434$3,121,154$7,861,180
79$8,897,402$4,062,960$3,188,726$8,576,596
80$9,766,785$4,223,893$3,257,396$9,362,171
81$10,723,643$4,391,510$3,327,165$10,224,964
82$11,776,861$4,566,100$3,398,031$11,172,753
83$12,936,229$4,747,967$3,469,993$12,214,105
84$14,212,533$4,937,426$3,543,046$13,358,457
85$15,617,660$5,134,808$3,617,187$14,616,205
86$17,164,706$5,340,458$3,692,407$15,998,802
87$18,868,103$5,554,738$3,768,700$17,518,864
88$20,743,753$5,778,024$3,846,055$19,190,290
89$22,809,180$6,010,711$3,924,462$21,028,392
90$25,083,691$6,253,211$4,003,906$23,050,040
91$27,588,564$6,505,954$4,084,374$25,273,819
92$30,347,243$6,769,392$4,165,846$27,720,204
93$33,385,564$7,043,994$4,248,304$30,411,756
94$36,731,995$7,330,254$4,331,726$33,373,328
95$40,417,907$7,628,684$4,416,087$36,632,307
96$44,477,869$7,939,825$4,501,361$40,218,863
97$48,949,972$8,264,237$4,587,517$44,166,240
98$53,876,194$8,602,509$4,674,523$48,511,066
99$59,302,790$8,955,256$4,762,344$53,293,698
100$65,280,732$9,323,122$4,850,940$58,558,604