Can I retire at age 65 with 2,340,000?

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 $2,340,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.3%
1 years$193,235$191,514$189,834$188,195$186,595$179,617
2 years$95,661$93,879$92,153$90,479$88,855$81,905
3 years$63,140$61,351$59,629$57,970$56,373$49,670
4 years$46,883$45,100$43,395$41,764$40,206$33,800
5 years$37,132$35,359$33,676$32,079$30,564$24,472
6 years$30,633$28,873$27,215$25,654$24,184$18,410
7 years$25,992$24,247$22,616$21,092$19,668$14,211
8 years$22,514$20,785$19,180$17,693$16,317$11,171
9 years$19,810$18,097$16,520$15,071$13,741$8,900
10 years$17,647$15,951$14,402$12,991$11,708$7,163
11 years$15,880$14,201$12,680$11,306$10,069$5,810
12 years$14,408$12,746$11,253$9,917$8,726$4,741
13 years$13,163$11,518$10,054$8,755$7,609$3,888
14 years$12,097$10,470$9,033$7,772$6,670$3,201
15 years$11,174$9,564$8,156$6,931$5,873$2,644
16 years$10,367$8,775$7,394$6,206$5,190$2,189
17 years$9,656$8,082$6,729$5,576$4,602$1,816
18 years$9,024$7,468$6,142$5,025$4,092$1,510
19 years$8,460$6,921$5,623$4,541$3,647$1,257
20 years$7,953$6,431$5,161$4,112$3,258$1,047
21 years$7,495$5,991$4,747$3,732$2,915$874
22 years$7,078$5,592$4,375$3,394$2,613$729
23 years$6,699$5,230$4,039$3,091$2,346$609
24 years$6,352$4,900$3,736$2,819$2,108$509
25 years$6,033$4,599$3,460$2,574$1,897$426
26 years$5,739$4,322$3,209$2,354$1,709$356
27 years$5,467$4,067$2,980$2,154$1,541$298
28 years$5,215$3,833$2,770$1,974$1,390$250
29 years$4,981$3,616$2,578$1,810$1,255$209
30 years$4,763$3,415$2,401$1,661$1,134$175
31 years$4,560$3,228$2,239$1,526$1,026$147
32 years$4,369$3,054$2,089$1,402$928$123
33 years$4,191$2,893$1,950$1,289$840$103
34 years$4,023$2,741$1,822$1,186$760$86
35 years$3,865$2,600$1,704$1,092$688$72
36 years$3,716$2,468$1,594$1,006$624$60
37 years$3,576$2,344$1,492$927$565$51
38 years$3,444$2,228$1,397$854$513$42
39 years$3,318$2,118$1,309$788$465$36
40 years$3,199$2,015$1,227$726$422$30
41 years$3,086$1,918$1,150$670$382$25
42 years$2,979$1,827$1,079$619$347$21
43 years$2,877$1,741$1,012$571$315$18
44 years$2,780$1,659$950$527$286$15
45 years$2,688$1,582$892$487$260$12
46 years$2,600$1,510$838$450$236$10
47 years$2,516$1,441$787$416$214$9
48 years$2,435$1,375$740$384$194$7
49 years$2,358$1,313$695$355$177$6
50 years$2,285$1,254$654$328$160$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $2,340,000, adding $4,204 every year, while hoping to spend $22,597 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: 44/35/21 Blend
64$2,340,000$2,340,000$2,340,000$2,340,000
65$2,583,016$2,458,996$2,422,726$2,680,790
66$2,822,441$2,555,444$2,479,845$2,846,650
67$3,085,530$2,655,861$2,538,119$3,023,784
68$3,374,672$2,760,416$2,597,565$3,215,327
69$3,692,501$2,869,289$2,658,196$3,422,623
70$4,041,918$2,982,666$2,720,026$3,647,152
71$4,426,117$3,100,740$2,783,071$3,890,536
72$4,848,621$3,223,716$2,847,344$4,154,560
73$5,313,308$3,351,806$2,912,857$4,441,187
74$5,824,451$3,485,230$2,979,624$4,752,573
75$6,386,761$3,624,222$3,047,657$5,091,089
76$7,005,425$3,769,024$3,116,968$5,459,343
77$7,686,160$3,919,888$3,187,569$5,860,202
78$8,435,265$4,077,079$3,259,469$6,296,819
79$9,259,680$4,240,873$3,332,679$6,772,663
80$10,167,051$4,411,560$3,407,207$7,291,551
81$11,165,806$4,589,442$3,483,064$7,857,680
82$12,265,227$4,774,834$3,560,256$8,475,671
83$13,475,545$4,968,066$3,638,789$9,150,606
84$14,808,033$5,169,483$3,718,671$9,888,078
85$16,275,111$5,379,446$3,799,905$10,694,245
86$17,890,465$5,598,332$3,882,495$11,575,881
87$19,669,178$5,826,535$3,966,443$12,540,445
88$21,627,866$6,064,468$4,051,751$13,596,146
89$23,784,842$6,312,560$4,138,419$14,752,021
90$26,160,285$6,571,264$4,226,444$16,018,020
91$28,776,428$6,841,050$4,315,824$17,405,096
92$31,657,773$7,122,411$4,406,554$18,925,310
93$34,831,319$7,415,863$4,498,627$20,591,940
94$38,326,817$7,721,943$4,592,034$22,419,608
95$42,177,051$8,041,217$4,686,766$24,424,416
96$46,418,147$8,374,274$4,782,810$26,624,093
97$51,089,915$8,721,730$4,880,151$29,038,168
98$56,236,222$9,084,231$4,978,772$31,688,142
99$61,905,409$9,462,451$5,078,653$34,597,700
100$68,150,746$9,857,096$5,179,773$37,792,925