Can I retire at age 65 with 2,530,000?

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 $2,530,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.6%
1 years$208,925$207,064$205,248$203,476$201,746$193,971
2 years$103,428$101,502$99,635$97,825$96,069$88,329
3 years$68,267$66,333$64,471$62,677$60,950$53,488
4 years$50,690$48,762$46,918$45,156$43,470$36,343
5 years$40,147$38,230$36,410$34,684$33,045$26,272
6 years$33,120$31,217$29,425$27,737$26,148$19,732
7 years$28,103$26,216$24,452$22,804$21,265$15,205
8 years$24,342$22,472$20,737$19,130$17,641$11,931
9 years$21,418$19,566$17,861$16,294$14,857$9,488
10 years$19,080$17,247$15,572$14,046$12,659$7,621
11 years$17,169$15,354$13,709$12,224$10,887$6,170
12 years$15,577$13,781$12,167$10,722$9,434$5,025
13 years$14,232$12,454$10,870$9,466$8,227$4,112
14 years$13,079$11,320$9,767$8,403$7,212$3,379
15 years$12,081$10,341$8,818$7,494$6,350$2,784
16 years$11,209$9,488$7,995$6,710$5,612$2,300
17 years$10,440$8,738$7,275$6,029$4,976$1,905
18 years$9,757$8,074$6,641$5,433$4,424$1,579
19 years$9,147$7,483$6,080$4,909$3,943$1,312
20 years$8,599$6,954$5,580$4,446$3,522$1,091
21 years$8,103$6,477$5,132$4,035$3,152$908
22 years$7,653$6,046$4,730$3,669$2,825$756
23 years$7,243$5,655$4,367$3,342$2,536$630
24 years$6,868$5,298$4,039$3,048$2,280$525
25 years$6,523$4,972$3,741$2,783$2,051$438
26 years$6,205$4,673$3,470$2,545$1,848$366
27 years$5,911$4,398$3,222$2,329$1,666$305
28 years$5,639$4,144$2,995$2,134$1,503$255
29 years$5,386$3,909$2,787$1,957$1,357$213
30 years$5,150$3,692$2,596$1,796$1,226$178
31 years$4,930$3,490$2,420$1,650$1,109$149
32 years$4,724$3,302$2,258$1,516$1,003$124
33 years$4,531$3,127$2,109$1,394$908$104
34 years$4,350$2,964$1,970$1,283$822$87
35 years$4,179$2,811$1,842$1,181$744$72
36 years$4,018$2,668$1,723$1,088$674$61
37 years$3,867$2,534$1,613$1,002$611$51
38 years$3,723$2,409$1,510$924$554$42
39 years$3,587$2,290$1,415$852$503$35
40 years$3,459$2,179$1,326$785$456$30
41 years$3,337$2,074$1,244$725$414$25
42 years$3,221$1,975$1,167$669$375$21
43 years$3,111$1,882$1,095$617$341$17
44 years$3,006$1,794$1,027$570$309$14
45 years$2,906$1,711$965$526$281$12
46 years$2,811$1,632$906$486$255$10
47 years$2,720$1,558$851$449$231$8
48 years$2,633$1,487$800$415$210$7
49 years$2,550$1,420$752$384$191$6
50 years$2,470$1,356$707$355$173$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $2,530,000, adding $2,491 every year, while hoping to spend $22,330 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: 45/27/28 Blend
64$2,530,000$2,530,000$2,530,000$2,530,000
65$2,790,629$2,656,539$2,617,324$2,893,510
66$3,051,515$2,762,951$2,681,246$3,073,323
67$3,338,262$2,873,828$2,746,560$3,265,877
68$3,653,485$2,989,366$2,813,291$3,474,284
69$4,000,065$3,109,770$2,881,460$3,700,036
70$4,381,175$3,235,251$2,951,092$3,944,775
71$4,800,310$3,366,035$3,022,210$4,210,304
72$5,261,324$3,502,352$3,094,835$4,498,606
73$5,768,459$3,644,448$3,168,993$4,811,861
74$6,326,392$3,792,576$3,244,704$5,152,468
75$6,940,276$3,947,003$3,321,993$5,523,063
76$7,615,786$4,108,008$3,400,882$5,926,546
77$8,359,177$4,275,882$3,481,393$6,366,109
78$9,177,342$4,450,929$3,563,548$6,845,262
79$10,077,874$4,633,468$3,647,370$7,367,866
80$11,069,139$4,823,830$3,732,879$7,938,173
81$12,160,359$5,022,365$3,820,098$8,560,859
82$13,361,691$5,229,437$3,909,047$9,241,070
83$14,684,330$5,445,426$3,999,747$9,984,472
84$16,140,611$5,670,730$4,092,217$10,797,300
85$17,744,123$5,905,766$4,186,477$11,686,418
86$19,509,845$6,150,970$4,282,545$12,659,381
87$21,454,279$6,406,798$4,380,440$13,724,508
88$23,595,610$6,673,725$4,480,179$14,890,957
89$25,953,876$6,952,251$4,581,779$16,168,810
90$28,551,158$7,242,898$4,685,255$17,569,171
91$31,411,787$7,546,211$4,790,622$19,104,263
92$34,562,575$7,862,761$4,897,893$20,787,549
93$38,033,067$8,193,146$5,007,082$22,633,853
94$41,855,821$8,537,991$5,118,200$24,659,500
95$46,066,711$8,897,949$5,231,257$26,882,471
96$50,705,273$9,273,706$5,346,261$29,322,565
97$55,815,071$9,665,977$5,463,221$32,001,592
98$61,444,110$10,075,513$5,582,141$34,943,573
99$67,645,293$10,503,096$5,703,026$38,174,964
100$74,476,913$10,949,548$5,825,878$41,724,907