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%14.6%
1 years$189,932$188,240$186,589$184,978$183,405$179,923
2 years$94,026$92,275$90,577$88,932$87,336$83,841
3 years$62,061$60,302$58,610$56,980$55,409$52,011
4 years$46,082$44,329$42,653$41,051$39,518$36,243
5 years$36,497$34,754$33,100$31,531$30,041$26,898
6 years$30,109$28,379$26,750$25,215$23,771$20,762
7 years$25,548$23,833$22,229$20,731$19,332$16,460
8 years$22,129$20,429$18,852$17,391$16,038$13,301
9 years$19,471$17,787$16,237$14,813$13,506$10,903
10 years$17,346$15,679$14,156$12,769$11,508$9,036
11 years$15,608$13,958$12,463$11,113$9,897$7,554
12 years$14,161$12,528$11,060$9,747$8,577$6,359
13 years$12,938$11,321$9,882$8,606$7,479$5,383
14 years$11,890$10,291$8,879$7,639$6,556$4,577
15 years$10,983$9,401$8,016$6,813$5,772$3,907
16 years$10,190$8,625$7,268$6,100$5,102$3,346
17 years$9,491$7,943$6,614$5,481$4,524$2,873
18 years$8,870$7,340$6,037$4,939$4,022$2,473
19 years$8,316$6,803$5,527$4,463$3,585$2,132
20 years$7,817$6,321$5,072$4,042$3,202$1,842
21 years$7,366$5,888$4,666$3,669$2,866$1,593
22 years$6,957$5,496$4,300$3,336$2,569$1,379
23 years$6,585$5,141$3,970$3,038$2,306$1,195
24 years$6,243$4,816$3,672$2,771$2,072$1,037
25 years$5,930$4,520$3,401$2,530$1,865$900
26 years$5,641$4,248$3,154$2,314$1,680$782
27 years$5,374$3,998$2,929$2,118$1,514$680
28 years$5,126$3,767$2,723$1,940$1,367$591
29 years$4,896$3,554$2,534$1,779$1,234$515
30 years$4,682$3,356$2,360$1,633$1,115$448
31 years$4,482$3,173$2,200$1,500$1,008$390
32 years$4,294$3,002$2,053$1,378$912$340
33 years$4,119$2,843$1,917$1,267$825$296
34 years$3,954$2,695$1,791$1,166$747$258
35 years$3,799$2,556$1,674$1,073$677$225
36 years$3,653$2,426$1,566$989$613$196
37 years$3,515$2,304$1,466$911$556$171
38 years$3,385$2,190$1,373$840$504$149
39 years$3,261$2,082$1,286$774$457$130
40 years$3,144$1,981$1,206$714$414$113
41 years$3,034$1,886$1,131$659$376$99
42 years$2,928$1,796$1,060$608$341$86
43 years$2,828$1,711$995$561$310$75
44 years$2,733$1,631$934$518$281$66
45 years$2,642$1,555$877$479$255$57
46 years$2,555$1,484$824$442$232$50
47 years$2,473$1,416$774$408$210$43
48 years$2,393$1,352$727$377$191$38
49 years$2,318$1,291$684$349$173$33
50 years$2,246$1,233$643$322$158$29

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 $6,717 every year, while hoping to spend $26,301 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: 42/44/14 Blend
64$2,300,000$2,300,000$2,300,000$2,300,000
65$2,541,529$2,419,629$2,383,979$2,637,584
66$2,772,780$2,510,206$2,435,858$2,796,342
67$3,026,738$2,604,341$2,488,593$2,965,024
68$3,305,691$2,702,179$2,542,187$3,147,110
69$3,612,159$2,803,873$2,596,637$3,343,836
70$3,948,919$2,909,582$2,651,944$3,556,563
71$4,319,030$3,019,474$2,708,106$3,786,782
72$4,725,864$3,133,721$2,765,120$4,036,133
73$5,173,133$3,252,504$2,822,983$4,306,418
74$5,664,928$3,376,012$2,881,688$4,599,617
75$6,205,756$3,504,442$2,941,230$4,917,905
76$6,800,584$3,638,000$3,001,602$5,263,676
77$7,454,882$3,776,901$3,062,794$5,639,559
78$8,174,679$3,921,367$3,124,796$6,048,446
79$8,966,615$4,071,634$3,187,597$6,493,519
80$9,838,010$4,227,944$3,251,181$6,978,273
81$10,796,927$4,390,553$3,315,536$7,506,557
82$11,852,250$4,559,726$3,380,642$8,082,603
83$13,013,767$4,735,741$3,446,482$8,711,068
84$14,292,266$4,918,887$3,513,033$9,397,074
85$15,699,631$5,109,467$3,580,274$10,146,258
86$17,248,959$5,307,795$3,648,178$10,964,824
87$18,954,678$5,514,203$3,716,718$11,859,599
88$20,832,691$5,729,034$3,785,863$12,838,097
89$22,900,516$5,952,648$3,855,581$13,908,589
90$25,177,461$6,185,420$3,925,835$15,080,178
91$27,684,799$6,427,743$3,996,587$16,362,886
92$30,445,971$6,680,025$4,067,796$17,767,745
93$33,486,808$6,942,694$4,139,415$19,306,903
94$36,835,775$7,216,198$4,211,397$20,993,733
95$40,524,235$7,501,003$4,283,690$22,842,959
96$44,586,751$7,797,596$4,356,238$24,870,797
97$49,061,409$8,106,487$4,428,981$27,095,099
98$53,990,176$8,428,209$4,501,856$29,535,527
99$59,419,299$8,763,317$4,574,793$32,213,732
100$65,399,740$9,112,392$4,647,721$35,153,560