Can I retire at age 65 with 2,400,000?

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 $2,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$198,190$196,424$194,702$193,021$191,379$187,286
2 years$98,114$96,286$94,516$92,799$91,133$87,029
3 years$64,759$62,924$61,158$59,457$57,819$53,832
4 years$48,086$46,256$44,507$42,835$41,237$37,398
5 years$38,084$36,265$34,539$32,902$31,347$27,668
6 years$31,418$29,613$27,913$26,312$24,804$21,287
7 years$26,659$24,869$23,196$21,632$20,172$16,819
8 years$23,091$21,318$19,672$18,147$16,735$13,544
9 years$20,318$18,561$16,943$15,457$14,093$11,063
10 years$18,100$16,360$14,772$13,324$12,008$9,135
11 years$16,287$14,565$13,005$11,596$10,327$7,607
12 years$14,777$13,072$11,541$10,171$8,950$6,379
13 years$13,500$11,814$10,311$8,980$7,804$5,378
14 years$12,407$10,738$9,265$7,971$6,841$4,555
15 years$11,460$9,810$8,365$7,109$6,023$3,872
16 years$10,633$9,000$7,584$6,365$5,324$3,302
17 years$9,904$8,289$6,901$5,719$4,720$2,823
18 years$9,256$7,659$6,300$5,154$4,197$2,419
19 years$8,677$7,099$5,767$4,657$3,741$2,076
20 years$8,157$6,596$5,293$4,218$3,341$1,785
21 years$7,687$6,144$4,868$3,828$2,990$1,537
22 years$7,260$5,735$4,487$3,481$2,680$1,325
23 years$6,871$5,364$4,143$3,170$2,406$1,143
24 years$6,515$5,026$3,832$2,891$2,163$987
25 years$6,188$4,717$3,549$2,640$1,946$853
26 years$5,886$4,433$3,291$2,414$1,753$737
27 years$5,607$4,172$3,056$2,210$1,580$638
28 years$5,349$3,931$2,841$2,025$1,426$552
29 years$5,109$3,708$2,644$1,857$1,288$478
30 years$4,885$3,502$2,463$1,704$1,163$414
31 years$4,677$3,311$2,296$1,565$1,052$359
32 years$4,481$3,133$2,142$1,438$951$311
33 years$4,298$2,967$2,000$1,323$861$269
34 years$4,126$2,812$1,869$1,217$780$234
35 years$3,964$2,667$1,747$1,120$706$203
36 years$3,812$2,531$1,634$1,032$640$176
37 years$3,668$2,404$1,530$951$580$152
38 years$3,532$2,285$1,433$876$526$132
39 years$3,403$2,173$1,342$808$477$115
40 years$3,281$2,067$1,258$745$432$99
41 years$3,165$1,968$1,180$687$392$86
42 years$3,056$1,874$1,107$634$356$75
43 years$2,951$1,785$1,038$586$323$65
44 years$2,852$1,702$975$541$293$56
45 years$2,757$1,623$915$499$266$49
46 years$2,666$1,548$860$461$242$42
47 years$2,580$1,477$808$426$219$37
48 years$2,498$1,410$759$394$199$32
49 years$2,419$1,347$713$364$181$28
50 years$2,343$1,287$671$336$164$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $2,400,000, adding $4,957 every year, while hoping to spend $36,035 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: 56/21/23 Blend
64$2,400,000$2,400,000$2,400,000$2,400,000
65$2,649,913$2,522,713$2,485,513$2,781,478
66$2,881,863$2,607,985$2,530,437$2,957,346
67$3,136,265$2,696,228$2,575,658$3,144,621
68$3,415,369$2,787,548$2,621,148$3,347,886
69$3,721,657$2,882,059$2,666,877$3,568,689
70$4,057,861$2,979,875$2,712,812$3,808,733
71$4,426,991$3,081,116$2,758,919$4,069,896
72$4,832,361$3,185,908$2,805,160$4,354,240
73$5,277,625$3,294,380$2,851,496$4,664,040
74$5,766,805$3,406,667$2,897,883$5,001,798
75$6,304,333$3,522,908$2,944,276$5,370,268
76$6,895,093$3,643,248$2,990,627$5,772,485
77$7,544,463$3,767,838$3,036,884$6,211,789
78$8,258,370$3,896,834$3,082,991$6,691,860
79$9,043,343$4,030,399$3,128,891$7,216,748
80$9,906,577$4,168,700$3,174,521$7,790,915
81$10,855,995$4,311,914$3,219,816$8,419,276
82$11,900,331$4,460,223$3,264,704$9,107,242
83$13,049,206$4,613,815$3,309,113$9,860,775
84$14,313,220$4,772,886$3,352,963$10,686,442
85$15,704,052$4,937,642$3,396,171$11,591,476
86$17,234,573$5,108,293$3,438,649$12,583,845
87$18,918,960$5,285,061$3,480,305$13,672,325
88$20,772,839$5,468,173$3,521,040$14,866,585
89$22,813,423$5,657,869$3,560,750$16,177,277
90$25,059,683$5,854,395$3,599,326$17,616,137
91$27,532,519$6,058,009$3,636,652$19,196,091
92$30,254,962$6,268,977$3,672,605$20,931,382
93$33,252,388$6,487,577$3,707,058$22,837,702
94$36,552,763$6,714,099$3,739,875$24,932,340
95$40,186,897$6,948,842$3,770,913$27,234,342
96$44,188,744$7,192,119$3,800,022$29,764,696
97$48,595,717$7,444,254$3,827,044$32,546,523
98$53,449,042$7,705,585$3,851,813$35,605,301
99$58,794,149$7,976,463$3,874,152$38,969,100
100$64,681,095$8,257,252$3,893,880$42,668,849