Can I retire at age 65 with 2,370,000?

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 $2,370,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$195,712$193,969$192,268$190,608$188,987$185,627
2 years$96,887$95,083$93,334$91,639$89,994$86,620
3 years$63,950$62,138$60,393$58,714$57,096$53,814
4 years$47,484$45,678$43,951$42,300$40,721$37,556
5 years$37,608$35,812$34,108$32,490$30,956$27,916
6 years$31,025$29,243$27,564$25,983$24,494$21,584
7 years$26,326$24,558$22,906$21,362$19,920$17,140
8 years$22,802$21,051$19,426$17,920$16,526$13,875
9 years$20,064$18,329$16,732$15,264$13,917$11,394
10 years$17,874$16,156$14,587$13,158$11,858$9,460
11 years$16,083$14,383$12,842$11,451$10,198$7,923
12 years$14,592$12,909$11,397$10,044$8,838$6,682
13 years$13,332$11,666$10,183$8,867$7,707$5,668
14 years$12,252$10,604$9,149$7,872$6,756$4,830
15 years$11,317$9,687$8,260$7,020$5,948$4,132
16 years$10,500$8,888$7,489$6,286$5,257$3,546
17 years$9,780$8,185$6,815$5,648$4,661$3,051
18 years$9,140$7,564$6,221$5,090$4,145$2,631
19 years$8,569$7,010$5,695$4,599$3,694$2,274
20 years$8,055$6,514$5,227$4,165$3,300$1,968
21 years$7,591$6,067$4,808$3,780$2,953$1,706
22 years$7,169$5,664$4,431$3,437$2,647$1,481
23 years$6,785$5,297$4,091$3,130$2,376$1,287
24 years$6,433$4,963$3,784$2,855$2,136$1,119
25 years$6,110$4,658$3,504$2,607$1,922$974
26 years$5,813$4,377$3,250$2,384$1,731$848
27 years$5,537$4,120$3,018$2,182$1,561$739
28 years$5,282$3,882$2,806$1,999$1,408$644
29 years$5,045$3,662$2,611$1,833$1,272$562
30 years$4,824$3,458$2,432$1,683$1,149$490
31 years$4,618$3,269$2,267$1,545$1,039$428
32 years$4,425$3,094$2,115$1,420$940$374
33 years$4,244$2,930$1,975$1,306$850$326
34 years$4,074$2,777$1,845$1,202$770$285
35 years$3,915$2,634$1,725$1,106$697$249
36 years$3,764$2,500$1,614$1,019$632$218
37 years$3,622$2,374$1,511$939$573$190
38 years$3,488$2,256$1,415$865$519$166
39 years$3,361$2,145$1,325$798$471$145
40 years$3,240$2,041$1,242$736$427$127
41 years$3,126$1,943$1,165$679$387$111
42 years$3,017$1,851$1,093$626$352$97
43 years$2,914$1,763$1,025$578$319$85
44 years$2,816$1,681$963$534$290$74
45 years$2,722$1,603$904$493$263$65
46 years$2,633$1,529$849$456$239$57
47 years$2,548$1,459$797$421$217$50
48 years$2,466$1,393$749$389$197$43
49 years$2,388$1,330$704$359$179$38
50 years$2,314$1,271$662$332$162$33

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $2,370,000, adding $3,473 every year, while hoping to spend $29,103 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: 62/8/30 Blend
64$2,370,000$2,370,000$2,370,000$2,370,000
65$2,615,322$2,489,712$2,452,977$2,756,099
66$2,851,120$2,580,743$2,504,187$2,943,389
67$3,109,993$2,675,259$2,556,136$3,144,376
68$3,394,266$2,773,399$2,608,820$3,363,250
69$3,706,496$2,875,311$2,662,231$3,601,771
70$4,049,504$2,981,146$2,716,360$3,861,875
71$4,426,393$3,091,063$2,771,199$4,145,693
72$4,840,587$3,205,226$2,826,735$4,455,574
73$5,295,853$3,323,809$2,882,958$4,794,104
74$5,796,345$3,446,990$2,939,851$5,164,131
75$6,346,637$3,574,957$2,997,401$5,568,791
76$6,951,769$3,707,905$3,055,589$6,011,540
77$7,617,294$3,846,038$3,114,396$6,496,181
78$8,349,332$3,989,567$3,173,801$7,026,908
79$9,154,621$4,138,713$3,233,782$7,608,336
80$10,040,591$4,293,708$3,294,311$8,245,553
81$11,015,423$4,454,792$3,355,363$8,944,161
82$12,088,135$4,622,216$3,416,907$9,710,333
83$13,268,662$4,796,242$3,478,910$10,550,868
84$14,567,950$4,977,142$3,541,338$11,473,258
85$15,998,061$5,165,202$3,604,153$12,485,756
86$17,572,285$5,360,718$3,667,313$13,597,455
87$19,305,265$5,564,001$3,730,776$14,818,373
88$21,213,139$5,775,374$3,794,494$16,159,548
89$23,313,686$5,995,174$3,858,416$17,633,139
90$25,626,499$6,223,754$3,922,490$19,252,547
91$28,173,165$6,461,482$3,986,657$21,032,535
92$30,977,473$6,708,739$4,050,855$22,989,368
93$34,065,636$6,965,928$4,115,019$25,140,971
94$37,466,538$7,233,466$4,179,079$27,507,091
95$41,212,007$7,511,788$4,242,961$30,109,488
96$45,337,117$7,801,351$4,306,585$32,972,140
97$49,880,514$8,102,629$4,369,867$36,121,466
98$54,884,787$8,416,118$4,432,718$39,586,577
99$60,396,865$8,742,337$4,495,043$43,399,552
100$66,468,460$9,081,826$4,556,742$47,595,738