Can I retire at age 65 with 2,360,000?

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 $2,360,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.3%
1 years$194,887$193,151$191,457$189,804$188,190$184,089
2 years$96,479$94,682$92,940$91,252$89,614$85,504
3 years$63,680$61,876$60,139$58,466$56,855$52,863
4 years$47,284$45,485$43,765$42,121$40,549$36,706
5 years$37,449$35,661$33,964$32,353$30,825$27,142
6 years$30,895$29,120$27,448$25,873$24,391$20,871
7 years$26,215$24,455$22,809$21,272$19,836$16,481
8 years$22,706$20,962$19,344$17,844$16,456$13,264
9 years$19,979$18,251$16,661$15,199$13,858$10,827
10 years$17,798$16,088$14,525$13,102$11,808$8,935
11 years$16,015$14,322$12,788$11,403$10,155$7,436
12 years$14,531$12,855$11,349$10,002$8,800$6,231
13 years$13,275$11,617$10,140$8,830$7,674$5,250
14 years$12,200$10,559$9,110$7,838$6,727$4,444
15 years$11,269$9,646$8,226$6,990$5,923$3,775
16 years$10,456$8,850$7,458$6,259$5,235$3,217
17 years$9,738$8,151$6,786$5,624$4,642$2,748
18 years$9,102$7,532$6,195$5,068$4,127$2,353
19 years$8,532$6,980$5,671$4,580$3,679$2,018
20 years$8,021$6,486$5,205$4,148$3,286$1,734
21 years$7,559$6,042$4,787$3,764$2,940$1,492
22 years$7,139$5,640$4,412$3,423$2,636$1,285
23 years$6,756$5,275$4,074$3,117$2,366$1,108
24 years$6,406$4,942$3,768$2,843$2,127$956
25 years$6,084$4,638$3,490$2,596$1,914$825
26 years$5,788$4,359$3,236$2,374$1,724$713
27 years$5,514$4,102$3,005$2,173$1,554$616
28 years$5,260$3,866$2,794$1,991$1,402$533
29 years$5,024$3,647$2,600$1,826$1,266$461
30 years$4,804$3,444$2,422$1,675$1,144$399
31 years$4,599$3,256$2,258$1,539$1,034$345
32 years$4,407$3,080$2,106$1,414$936$299
33 years$4,226$2,917$1,967$1,300$847$259
34 years$4,057$2,765$1,838$1,197$767$224
35 years$3,898$2,622$1,718$1,101$694$194
36 years$3,748$2,489$1,607$1,014$629$168
37 years$3,607$2,364$1,504$935$570$146
38 years$3,473$2,247$1,409$862$517$127
39 years$3,346$2,136$1,320$794$469$110
40 years$3,226$2,033$1,237$733$425$95
41 years$3,113$1,935$1,160$676$386$82
42 years$3,005$1,843$1,088$624$350$71
43 years$2,902$1,756$1,021$576$318$62
44 years$2,804$1,674$958$532$288$54
45 years$2,711$1,596$900$491$262$47
46 years$2,622$1,522$845$454$238$40
47 years$2,537$1,453$794$419$216$35
48 years$2,456$1,387$746$387$196$30
49 years$2,378$1,324$701$358$178$26
50 years$2,304$1,265$659$331$162$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $2,360,000, adding $4,314 every year, while hoping to spend $47,051 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: 38/50/12 Blend
64$2,360,000$2,360,000$2,360,000$2,360,000
65$2,605,170$2,480,090$2,443,510$2,694,493
66$2,820,835$2,551,552$2,475,306$2,829,898
67$3,056,922$2,624,940$2,506,589$2,971,239
68$3,315,462$2,700,296$2,537,295$3,122,947
69$3,598,696$2,777,667$2,567,351$3,285,976
70$3,909,089$2,857,099$2,596,683$3,461,372
71$4,249,357$2,938,638$2,625,213$3,650,288
72$4,622,490$3,022,330$2,652,856$3,853,990
73$5,031,784$3,108,224$2,679,527$4,073,873
74$5,480,867$3,196,367$2,705,132$4,311,470
75$5,973,734$3,286,809$2,729,573$4,568,467
76$6,514,790$3,379,597$2,752,748$4,846,721
77$7,108,883$3,474,782$2,774,550$5,148,276
78$7,761,356$3,572,413$2,794,864$5,475,381
79$8,478,092$3,672,539$2,813,570$5,830,512
80$9,265,576$3,775,212$2,830,543$6,216,395
81$10,130,949$3,880,481$2,845,650$6,636,029
82$11,082,078$3,988,398$2,858,752$7,092,720
83$12,127,633$4,099,012$2,869,703$7,590,106
84$13,277,162$4,212,374$2,878,349$8,132,194
85$14,541,188$4,328,536$2,884,529$8,723,396
86$15,931,302$4,447,547$2,888,073$9,368,572
87$17,460,275$4,569,456$2,888,803$10,073,074
88$19,142,178$4,694,315$2,886,534$10,842,798
89$20,992,516$4,822,172$2,881,068$11,684,239
90$23,028,370$4,953,076$2,872,201$12,604,549
91$25,268,561$5,087,075$2,859,718$13,611,609
92$27,733,828$5,224,215$2,843,392$14,714,100
93$30,447,021$5,364,543$2,822,988$15,921,586
94$33,433,315$5,508,105$2,798,256$17,244,602
95$36,720,454$5,654,942$2,768,938$18,694,758
96$40,339,004$5,805,099$2,734,762$20,284,841
97$44,322,649$5,958,614$2,695,442$22,028,943
98$48,708,500$6,115,527$2,650,681$23,942,590
99$53,537,454$6,275,875$2,600,165$26,042,886
100$58,854,573$6,439,692$2,543,570$28,348,681