Can I retire at age 65 with 2,350,000?

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 $2,350,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.8%
1 years$194,061$192,332$190,646$189,000$187,392$184,440
2 years$96,070$94,280$92,546$90,865$89,234$86,267
3 years$63,410$61,613$59,884$58,218$56,614$53,725
4 years$47,084$45,292$43,580$41,943$40,378$37,589
5 years$37,290$35,510$33,820$32,216$30,694$28,014
6 years$30,764$28,996$27,331$25,764$24,287$21,718
7 years$26,103$24,351$22,713$21,182$19,752$17,295
8 years$22,610$20,873$19,262$17,769$16,386$14,041
9 years$19,894$18,174$16,590$15,135$13,800$11,564
10 years$17,723$16,020$14,464$13,047$11,758$9,631
11 years$15,948$14,261$12,734$11,354$10,112$8,092
12 years$14,469$12,800$11,301$9,959$8,763$6,847
13 years$13,219$11,568$10,097$8,793$7,642$5,826
14 years$12,149$10,515$9,072$7,805$6,699$4,982
15 years$11,222$9,605$8,191$6,961$5,898$4,276
16 years$10,411$8,813$7,426$6,233$5,213$3,682
17 years$9,697$8,116$6,757$5,600$4,622$3,180
18 years$9,063$7,500$6,169$5,047$4,110$2,753
19 years$8,496$6,951$5,647$4,560$3,663$2,388
20 years$7,987$6,459$5,183$4,130$3,272$2,075
21 years$7,527$6,016$4,767$3,748$2,928$1,805
22 years$7,109$5,616$4,394$3,408$2,624$1,573
23 years$6,728$5,252$4,057$3,104$2,356$1,372
24 years$6,379$4,921$3,752$2,831$2,117$1,198
25 years$6,059$4,618$3,475$2,585$1,905$1,046
26 years$5,763$4,340$3,223$2,364$1,716$915
27 years$5,491$4,085$2,993$2,164$1,547$800
28 years$5,238$3,849$2,782$1,982$1,396$701
29 years$5,003$3,631$2,589$1,818$1,261$614
30 years$4,784$3,429$2,411$1,668$1,139$538
31 years$4,579$3,242$2,248$1,532$1,030$471
32 years$4,388$3,067$2,098$1,408$932$413
33 years$4,209$2,905$1,958$1,295$843$362
34 years$4,040$2,753$1,830$1,191$763$318
35 years$3,882$2,611$1,711$1,097$691$279
36 years$3,732$2,479$1,600$1,010$626$245
37 years$3,591$2,354$1,498$931$568$215
38 years$3,458$2,237$1,403$858$515$189
39 years$3,332$2,127$1,314$791$467$166
40 years$3,213$2,024$1,232$730$423$145
41 years$3,100$1,927$1,155$673$384$128
42 years$2,992$1,835$1,084$621$349$112
43 years$2,890$1,748$1,017$573$316$98
44 years$2,792$1,666$954$529$287$86
45 years$2,699$1,589$896$489$261$76
46 years$2,611$1,516$842$452$237$67
47 years$2,526$1,447$791$417$215$59
48 years$2,446$1,381$743$386$195$51
49 years$2,368$1,319$698$356$177$45
50 years$2,294$1,260$657$329$161$40

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $2,350,000, adding $5,607 every year, while hoping to spend $54,643 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: 63/25/12 Blend
64$2,350,000$2,350,000$2,350,000$2,350,000
65$2,595,484$2,470,934$2,434,509$2,751,405
66$2,802,083$2,533,870$2,457,925$2,919,395
67$3,027,925$2,598,058$2,480,294$3,095,943
68$3,274,913$2,663,503$2,501,524$3,287,365
69$3,545,145$2,730,206$2,521,516$3,495,106
70$3,840,931$2,798,167$2,540,168$3,720,756
71$4,164,814$2,867,385$2,557,372$3,966,068
72$4,519,594$2,937,856$2,573,013$4,232,971
73$4,908,356$3,009,574$2,586,972$4,523,590
74$5,334,496$3,082,531$2,599,124$4,840,265
75$5,801,756$3,156,716$2,609,335$5,185,575
76$6,314,254$3,232,115$2,617,468$5,562,359
77$6,876,531$3,308,711$2,623,375$5,973,746
78$7,493,583$3,386,484$2,626,904$6,423,182
79$8,170,918$3,465,411$2,627,895$6,914,464
80$8,914,600$3,545,465$2,626,178$7,451,775
81$9,731,310$3,626,614$2,621,576$8,039,722
82$10,628,409$3,708,823$2,613,904$8,683,385
83$11,614,004$3,792,052$2,602,967$9,388,356
84$12,697,026$3,876,257$2,588,560$10,160,801
85$13,887,316$3,961,387$2,570,470$11,007,512
86$15,195,714$4,047,387$2,548,473$11,935,971
87$16,634,164$4,134,195$2,522,333$12,954,427
88$18,215,823$4,221,745$2,491,806$14,071,966
89$19,955,187$4,309,961$2,456,632$15,298,602
90$21,868,230$4,398,762$2,416,542$16,645,368
91$23,972,547$4,488,059$2,371,254$18,124,423
92$26,287,528$4,577,756$2,320,473$19,749,167
93$28,834,536$4,667,745$2,263,888$21,534,365
94$31,637,107$4,757,913$2,201,177$23,496,288
95$34,721,175$4,848,135$2,132,000$25,652,866
96$38,115,318$4,938,276$2,056,004$28,023,860
97$41,851,018$5,028,190$1,972,819$30,631,045
98$45,962,971$5,117,720$1,882,057$33,498,418
99$50,489,402$5,206,696$1,783,314$36,652,424
100$55,472,432$5,294,935$1,676,166$40,122,205