Can I retire at age 65 with 2,300,000?

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 $2,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$189,932$188,240$186,589$184,978$183,405$182,326
2 years$94,026$92,275$90,577$88,932$87,336$86,247
3 years$62,061$60,302$58,610$56,980$55,409$54,345
4 years$46,082$44,329$42,653$41,051$39,518$38,486
5 years$36,497$34,754$33,100$31,531$30,041$29,044
6 years$30,109$28,379$26,750$25,215$23,771$22,810
7 years$25,548$23,833$22,229$20,731$19,332$18,409
8 years$22,129$20,429$18,852$17,391$16,038$15,152
9 years$19,471$17,787$16,237$14,813$13,506$12,657
10 years$17,346$15,679$14,156$12,769$11,508$10,695
11 years$15,608$13,958$12,463$11,113$9,897$9,120
12 years$14,161$12,528$11,060$9,747$8,577$7,835
13 years$12,938$11,321$9,882$8,606$7,479$6,772
14 years$11,890$10,291$8,879$7,639$6,556$5,883
15 years$10,983$9,401$8,016$6,813$5,772$5,132
16 years$10,190$8,625$7,268$6,100$5,102$4,494
17 years$9,491$7,943$6,614$5,481$4,524$3,946
18 years$8,870$7,340$6,037$4,939$4,022$3,475
19 years$8,316$6,803$5,527$4,463$3,585$3,067
20 years$7,817$6,321$5,072$4,042$3,202$2,712
21 years$7,366$5,888$4,666$3,669$2,866$2,403
22 years$6,957$5,496$4,300$3,336$2,569$2,131
23 years$6,585$5,141$3,970$3,038$2,306$1,893
24 years$6,243$4,816$3,672$2,771$2,072$1,684
25 years$5,930$4,520$3,401$2,530$1,865$1,499
26 years$5,641$4,248$3,154$2,314$1,680$1,336
27 years$5,374$3,998$2,929$2,118$1,514$1,191
28 years$5,126$3,767$2,723$1,940$1,367$1,063
29 years$4,896$3,554$2,534$1,779$1,234$949
30 years$4,682$3,356$2,360$1,633$1,115$848
31 years$4,482$3,173$2,200$1,500$1,008$758
32 years$4,294$3,002$2,053$1,378$912$678
33 years$4,119$2,843$1,917$1,267$825$607
34 years$3,954$2,695$1,791$1,166$747$543
35 years$3,799$2,556$1,674$1,073$677$486
36 years$3,653$2,426$1,566$989$613$435
37 years$3,515$2,304$1,466$911$556$390
38 years$3,385$2,190$1,373$840$504$349
39 years$3,261$2,082$1,286$774$457$313
40 years$3,144$1,981$1,206$714$414$281
41 years$3,034$1,886$1,131$659$376$252
42 years$2,928$1,796$1,060$608$341$226
43 years$2,828$1,711$995$561$310$202
44 years$2,733$1,631$934$518$281$181
45 years$2,642$1,555$877$479$255$163
46 years$2,555$1,484$824$442$232$146
47 years$2,473$1,416$774$408$210$131
48 years$2,393$1,352$727$377$191$117
49 years$2,318$1,291$684$349$173$105
50 years$2,246$1,233$643$322$158$95

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $2,300,000, adding $6,326 every year, while hoping to spend $41,975 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: 58/31/11 Blend
64$2,300,000$2,300,000$2,300,000$2,300,000
65$2,541,125$2,419,225$2,383,575$2,681,361
66$2,755,659$2,493,106$2,418,764$2,850,503
67$2,990,668$2,569,201$2,453,725$3,029,540
68$3,248,197$2,647,572$2,488,405$3,223,684
69$3,530,498$2,728,287$2,522,751$3,434,389
70$3,840,049$2,811,414$2,556,703$3,663,253
71$4,179,581$2,897,020$2,590,200$3,912,040
72$4,552,103$2,985,179$2,623,177$4,182,686
73$4,960,928$3,075,963$2,655,563$4,477,327
74$5,409,704$3,169,447$2,687,287$4,798,310
75$5,902,453$3,265,709$2,718,270$5,148,222
76$6,443,603$3,364,829$2,748,432$5,529,910
77$7,038,032$3,466,886$2,777,685$5,946,508
78$7,691,113$3,571,966$2,805,940$6,401,469
79$8,408,768$3,680,153$2,833,100$6,898,594
80$9,197,518$3,791,537$2,859,065$7,442,068
81$10,064,548$3,906,206$2,883,727$8,036,502
82$11,017,776$4,024,254$2,906,976$8,686,973
83$12,065,922$4,145,775$2,928,693$9,399,073
84$13,218,596$4,270,868$2,948,753$10,178,961
85$14,486,384$4,399,631$2,967,027$11,033,422
86$15,880,950$4,532,168$2,983,378$11,969,929
87$17,415,146$4,668,583$2,997,660$12,996,715
88$19,103,131$4,808,985$3,009,722$14,122,847
89$20,960,508$4,953,482$3,019,405$15,358,315
90$23,004,466$5,102,189$3,026,542$16,714,124
91$25,253,947$5,255,222$3,030,956$18,202,400
92$27,729,820$5,412,698$3,032,463$19,836,498
93$30,455,080$5,574,739$3,030,870$21,631,135
94$33,455,068$5,741,471$3,025,973$23,602,523
95$36,757,701$5,913,019$3,017,560$25,768,525
96$40,393,745$6,089,515$3,005,407$28,148,822
97$44,397,098$6,271,093$2,989,279$30,765,098
98$48,805,114$6,457,888$2,968,932$33,641,243
99$53,658,952$6,650,041$2,944,107$36,803,582
100$59,003,967$6,847,695$2,914,536$40,281,120