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%13.7%
1 years$189,932$188,240$186,589$184,978$183,405$180,590
2 years$94,026$92,275$90,577$88,932$87,336$84,506
3 years$62,061$60,302$58,610$56,980$55,409$52,654
4 years$46,082$44,329$42,653$41,051$39,518$36,858
5 years$36,497$34,754$33,100$31,531$30,041$27,483
6 years$30,109$28,379$26,750$25,215$23,771$21,318
7 years$25,548$23,833$22,229$20,731$19,332$16,986
8 years$22,129$20,429$18,852$17,391$16,038$13,798
9 years$19,471$17,787$16,237$14,813$13,506$11,371
10 years$17,346$15,679$14,156$12,769$11,508$9,476
11 years$15,608$13,958$12,463$11,113$9,897$7,967
12 years$14,161$12,528$11,060$9,747$8,577$6,745
13 years$12,938$11,321$9,882$8,606$7,479$5,744
14 years$11,890$10,291$8,879$7,639$6,556$4,914
15 years$10,983$9,401$8,016$6,813$5,772$4,221
16 years$10,190$8,625$7,268$6,100$5,102$3,638
17 years$9,491$7,943$6,614$5,481$4,524$3,144
18 years$8,870$7,340$6,037$4,939$4,022$2,723
19 years$8,316$6,803$5,527$4,463$3,585$2,364
20 years$7,817$6,321$5,072$4,042$3,202$2,055
21 years$7,366$5,888$4,666$3,669$2,866$1,790
22 years$6,957$5,496$4,300$3,336$2,569$1,560
23 years$6,585$5,141$3,970$3,038$2,306$1,362
24 years$6,243$4,816$3,672$2,771$2,072$1,190
25 years$5,930$4,520$3,401$2,530$1,865$1,041
26 years$5,641$4,248$3,154$2,314$1,680$911
27 years$5,374$3,998$2,929$2,118$1,514$797
28 years$5,126$3,767$2,723$1,940$1,367$699
29 years$4,896$3,554$2,534$1,779$1,234$612
30 years$4,682$3,356$2,360$1,633$1,115$537
31 years$4,482$3,173$2,200$1,500$1,008$471
32 years$4,294$3,002$2,053$1,378$912$413
33 years$4,119$2,843$1,917$1,267$825$363
34 years$3,954$2,695$1,791$1,166$747$319
35 years$3,799$2,556$1,674$1,073$677$280
36 years$3,653$2,426$1,566$989$613$246
37 years$3,515$2,304$1,466$911$556$216
38 years$3,385$2,190$1,373$840$504$190
39 years$3,261$2,082$1,286$774$457$167
40 years$3,144$1,981$1,206$714$414$146
41 years$3,034$1,886$1,131$659$376$129
42 years$2,928$1,796$1,060$608$341$113
43 years$2,828$1,711$995$561$310$99
44 years$2,733$1,631$934$518$281$87
45 years$2,642$1,555$877$479$255$77
46 years$2,555$1,484$824$442$232$68
47 years$2,473$1,416$774$408$210$59
48 years$2,393$1,352$727$377$191$52
49 years$2,318$1,291$684$349$173$46
50 years$2,246$1,233$643$322$158$40

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 $3,475 every year, while hoping to spend $26,286 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: 33/47/20 Blend
64$2,300,000$2,300,000$2,300,000$2,300,000
65$2,538,184$2,416,284$2,380,634$2,606,187
66$2,769,111$2,506,714$2,432,418$2,747,454
67$3,022,711$2,600,694$2,485,055$2,896,949
68$3,301,270$2,698,370$2,538,546$3,057,521
69$3,607,304$2,799,895$2,592,892$3,230,161
70$3,943,587$2,905,428$2,648,092$3,415,956
71$4,313,174$3,015,135$2,704,143$3,616,097
72$4,719,429$3,129,188$2,761,044$3,831,895
73$5,166,062$3,247,769$2,818,790$4,064,784
74$5,657,156$3,371,065$2,877,375$4,316,343
75$6,197,213$3,499,274$2,936,794$4,588,305
76$6,791,191$3,632,601$2,997,039$4,882,571
77$7,444,553$3,771,259$3,058,100$5,201,233
78$8,163,319$3,915,473$3,119,969$5,546,588
79$8,954,121$4,065,475$3,182,631$5,921,160
80$9,824,267$4,221,508$3,246,074$6,327,723
81$10,781,807$4,383,827$3,310,283$6,769,328
82$11,835,613$4,552,696$3,375,239$7,249,329
83$12,995,461$4,728,394$3,440,925$7,771,412
84$14,272,120$4,911,207$3,507,318$8,339,633
85$15,677,460$5,101,439$3,574,396$8,958,451
86$17,224,555$5,299,405$3,642,133$9,632,773
87$18,927,816$5,505,432$3,710,501$10,367,994
88$20,803,120$5,719,865$3,779,470$11,170,052
89$22,867,962$5,943,062$3,849,006$12,045,479
90$25,141,620$6,175,398$3,919,073$13,001,463
91$27,645,337$6,417,264$3,989,634$14,045,914
92$30,402,520$6,669,068$4,060,645$15,187,537
93$33,438,962$6,931,238$4,132,062$16,435,914
94$36,783,086$7,204,218$4,203,835$17,801,590
95$40,466,211$7,488,475$4,275,914$19,296,175
96$44,522,849$7,784,495$4,348,242$20,932,446
97$48,991,031$8,092,786$4,420,759$22,724,472
98$53,912,662$8,413,879$4,493,401$24,687,743
99$59,333,924$8,748,329$4,566,100$26,839,310
100$65,305,702$9,096,716$4,638,783$29,197,951