Can I retire at age 65 with 2,540,000?

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 $2,540,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$209,751$207,882$206,060$204,280$202,543$197,008
2 years$103,837$101,903$100,029$98,212$96,449$90,913
3 years$68,537$66,595$64,725$62,925$61,191$55,827
4 years$50,891$48,954$47,103$45,334$43,642$38,491
5 years$40,305$38,381$36,554$34,821$33,176$28,253
6 years$33,251$31,341$29,541$27,847$26,251$21,560
7 years$28,214$26,320$24,549$22,894$21,349$16,891
8 years$24,438$22,561$20,819$19,205$17,711$13,483
9 years$21,503$19,643$17,932$16,359$14,915$10,914
10 years$19,156$17,315$15,633$14,101$12,709$8,928
11 years$17,237$15,414$13,763$12,272$10,930$7,365
12 years$15,639$13,835$12,215$10,765$9,472$6,115
13 years$14,288$12,503$10,913$9,503$8,259$5,104
14 years$13,131$11,365$9,805$8,436$7,240$4,279
15 years$12,129$10,382$8,853$7,524$6,375$3,599
16 years$11,253$9,525$8,026$6,737$5,634$3,037
17 years$10,481$8,772$7,304$6,053$4,996$2,568
18 years$9,796$8,106$6,667$5,455$4,442$2,176
19 years$9,183$7,513$6,104$4,929$3,959$1,847
20 years$8,633$6,981$5,602$4,464$3,536$1,570
21 years$8,135$6,503$5,152$4,051$3,165$1,337
22 years$7,683$6,070$4,749$3,684$2,837$1,139
23 years$7,272$5,677$4,385$3,355$2,546$971
24 years$6,895$5,319$4,055$3,060$2,289$829
25 years$6,549$4,992$3,756$2,794$2,059$707
26 years$6,229$4,691$3,483$2,555$1,855$604
27 years$5,934$4,415$3,235$2,339$1,673$516
28 years$5,661$4,160$3,007$2,143$1,509$442
29 years$5,407$3,925$2,798$1,965$1,363$378
30 years$5,170$3,707$2,606$1,803$1,231$323
31 years$4,949$3,504$2,430$1,656$1,113$276
32 years$4,743$3,315$2,267$1,522$1,007$237
33 years$4,549$3,140$2,117$1,400$911$203
34 years$4,367$2,976$1,978$1,288$825$173
35 years$4,195$2,822$1,849$1,185$747$148
36 years$4,034$2,679$1,730$1,092$677$127
37 years$3,882$2,544$1,619$1,006$614$109
38 years$3,738$2,418$1,516$927$556$93
39 years$3,602$2,299$1,421$855$505$80
40 years$3,473$2,188$1,331$789$458$68
41 years$3,350$2,082$1,248$728$415$59
42 years$3,234$1,983$1,171$671$377$50
43 years$3,123$1,890$1,099$620$342$43
44 years$3,018$1,801$1,032$572$310$37
45 years$2,918$1,718$969$529$282$32
46 years$2,822$1,639$910$488$256$27
47 years$2,731$1,564$855$451$232$23
48 years$2,643$1,493$803$417$211$20
49 years$2,560$1,425$755$385$192$17
50 years$2,480$1,362$710$356$174$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $2,540,000, adding $4,721 every year, while hoping to spend $37,096 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: 54/27/19 Blend
64$2,540,000$2,540,000$2,540,000$2,540,000
65$2,803,950$2,669,330$2,629,960$2,940,677
66$3,050,483$2,760,657$2,678,594$3,126,112
67$3,320,919$2,855,216$2,727,613$3,323,543
68$3,617,657$2,953,126$2,776,993$3,537,649
69$3,943,339$3,054,511$2,826,703$3,770,032
70$4,300,877$3,159,499$2,876,715$4,022,454
71$4,693,476$3,268,224$2,926,994$4,296,854
72$5,124,668$3,380,824$2,977,506$4,595,367
73$5,598,344$3,497,445$3,028,213$4,920,341
74$6,118,791$3,618,235$3,079,073$5,274,362
75$6,690,729$3,743,350$3,130,044$5,660,276
76$7,319,362$3,872,952$3,181,079$6,081,214
77$8,010,420$4,007,210$3,232,128$6,540,625
78$8,770,216$4,146,297$3,283,138$7,042,306
79$9,605,709$4,290,396$3,334,053$7,590,436
80$10,524,560$4,439,695$3,384,814$8,189,619
81$11,535,216$4,594,390$3,435,355$8,844,922
82$12,646,978$4,754,686$3,485,610$9,561,926
83$13,870,098$4,920,794$3,535,506$10,346,778
84$15,215,870$5,092,934$3,584,967$11,206,245
85$16,696,738$5,271,337$3,633,913$12,147,782
86$18,326,413$5,456,240$3,682,257$13,179,600
87$20,120,003$5,647,892$3,729,908$14,310,740
88$22,094,155$5,846,550$3,776,771$15,551,165
89$24,267,210$6,052,482$3,822,745$16,911,844
90$26,659,379$6,265,968$3,867,721$18,404,863
91$29,292,933$6,487,297$3,911,586$20,043,534
92$32,192,409$6,716,772$3,954,222$21,842,523
93$35,384,848$6,954,707$3,995,501$23,817,983
94$38,900,042$7,201,428$4,035,290$25,987,711
95$42,770,824$7,457,275$4,073,450$28,371,314
96$47,033,369$7,722,602$4,109,831$30,990,390
97$51,727,541$7,997,779$4,144,279$33,868,736
98$56,897,267$8,283,187$4,176,629$37,032,568
99$62,590,951$8,579,225$4,206,709$40,510,770
100$68,861,931$8,886,310$4,234,337$44,335,164