Can I retire at age 65 with 2,450,000?

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 $2,450,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$202,319$200,517$198,758$197,042$195,366$193,165
2 years$100,158$98,292$96,485$94,732$93,032$90,816
3 years$66,109$64,235$62,432$60,696$59,023$56,861
4 years$49,087$47,220$45,434$43,728$42,096$40,005
5 years$38,877$37,021$35,259$33,587$32,001$29,986
6 years$32,073$30,230$28,495$26,860$25,321$23,386
7 years$27,214$25,387$23,679$22,083$20,593$18,738
8 years$23,572$21,762$20,082$18,525$17,084$15,309
9 years$20,741$18,947$17,296$15,779$14,387$12,691
10 years$18,477$16,701$15,079$13,602$12,258$10,641
11 years$16,626$14,868$13,276$11,838$10,543$9,002
12 years$15,085$13,345$11,782$10,383$9,136$7,670
13 years$13,782$12,060$10,526$9,167$7,967$6,574
14 years$12,666$10,962$9,458$8,137$6,984$5,662
15 years$11,699$10,014$8,539$7,257$6,149$4,897
16 years$10,854$9,188$7,742$6,498$5,434$4,249
17 years$10,110$8,462$7,045$5,838$4,819$3,698
18 years$9,449$7,819$6,431$5,261$4,284$3,227
19 years$8,858$7,246$5,887$4,754$3,819$2,821
20 years$8,327$6,734$5,403$4,306$3,411$2,471
21 years$7,847$6,272$4,970$3,908$3,052$2,168
22 years$7,411$5,855$4,580$3,553$2,736$1,905
23 years$7,014$5,476$4,229$3,236$2,456$1,676
24 years$6,650$5,131$3,911$2,951$2,208$1,475
25 years$6,316$4,815$3,623$2,695$1,987$1,300
26 years$6,009$4,525$3,360$2,464$1,789$1,147
27 years$5,724$4,259$3,120$2,256$1,613$1,012
28 years$5,461$4,013$2,900$2,067$1,456$894
29 years$5,215$3,786$2,699$1,895$1,314$790
30 years$4,987$3,575$2,514$1,739$1,188$699
31 years$4,774$3,380$2,344$1,597$1,074$618
32 years$4,575$3,198$2,187$1,468$971$547
33 years$4,388$3,029$2,042$1,350$879$484
34 years$4,212$2,870$1,908$1,242$796$428
35 years$4,047$2,722$1,784$1,143$721$379
36 years$3,891$2,584$1,669$1,053$653$336
37 years$3,744$2,454$1,562$970$592$298
38 years$3,605$2,332$1,462$894$537$264
39 years$3,474$2,218$1,370$825$487$234
40 years$3,350$2,110$1,284$761$441$207
41 years$3,231$2,009$1,204$702$400$184
42 years$3,119$1,913$1,130$648$363$163
43 years$3,013$1,823$1,060$598$330$144
44 years$2,911$1,737$995$552$299$128
45 years$2,814$1,657$934$510$272$114
46 years$2,722$1,580$877$471$247$101
47 years$2,634$1,508$824$435$224$89
48 years$2,550$1,440$775$402$203$79
49 years$2,469$1,375$728$372$185$70
50 years$2,392$1,313$685$343$168$62

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $2,450,000, adding $4,631 every year, while hoping to spend $21,420 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: 56/27/17 Blend
64$2,450,000$2,450,000$2,450,000$2,450,000
65$2,704,677$2,574,827$2,536,852$2,843,727
66$2,957,763$2,678,203$2,599,046$3,042,215
67$3,235,946$2,785,926$2,662,605$3,255,619
68$3,541,764$2,898,187$2,727,553$3,487,608
69$3,878,011$3,015,185$2,793,913$3,739,968
70$4,247,767$3,137,129$2,861,708$4,014,661
71$4,654,426$3,264,234$2,930,962$4,313,847
72$5,101,725$3,396,730$3,001,697$4,639,903
73$5,593,784$3,534,853$3,073,938$4,995,441
74$6,135,142$3,678,852$3,147,706$5,383,337
75$6,730,797$3,828,987$3,223,025$5,806,754
76$7,386,261$3,985,530$3,299,919$6,269,173
77$8,107,603$4,148,764$3,378,409$6,774,425
78$8,901,512$4,318,987$3,458,519$7,326,726
79$9,775,358$4,496,509$3,540,272$7,930,717
80$10,737,262$4,681,655$3,623,688$8,591,503
81$11,796,171$4,874,766$3,708,791$9,314,709
82$12,961,947$5,076,195$3,795,602$10,106,522
83$14,245,452$5,286,316$3,884,141$10,973,757
84$15,658,659$5,505,516$3,974,430$11,923,915
85$17,214,758$5,734,202$4,066,490$12,965,256
86$18,928,285$5,972,799$4,160,339$14,106,873
87$20,815,257$6,221,753$4,255,997$15,358,781
88$22,893,324$6,481,529$4,353,483$16,732,005
89$25,181,932$6,752,614$4,452,814$18,238,691
90$27,702,514$7,035,516$4,554,008$19,892,209
91$30,478,683$7,330,770$4,657,081$21,707,288
92$33,536,464$7,638,932$4,762,047$23,700,147
93$36,904,529$7,960,586$4,868,922$25,888,649
94$40,614,479$8,296,343$4,977,719$28,292,471
95$44,701,133$8,646,841$5,088,450$30,933,284
96$49,202,861$9,012,748$5,201,125$33,834,957
97$54,161,945$9,394,765$5,315,755$37,023,783
98$59,624,978$9,793,623$5,432,347$40,528,726
99$65,643,303$10,210,088$5,550,908$44,381,688
100$72,273,500$10,644,962$5,671,444$48,617,814