Can I retire at age 65 with 2,670,000?

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 $2,670,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.7%
1 years$220,486$218,522$216,606$214,736$212,910$209,641
2 years$109,152$107,119$105,149$103,238$101,385$98,101
3 years$72,045$70,003$68,038$66,146$64,323$61,124
4 years$53,495$51,460$49,514$47,654$45,876$42,787
5 years$42,368$40,345$38,425$36,603$34,874$31,905
6 years$34,953$32,945$31,053$29,272$27,595$24,748
7 years$29,658$27,667$25,805$24,066$22,442$19,719
8 years$25,689$23,716$21,885$20,188$18,618$16,018
9 years$22,603$20,649$18,850$17,196$15,679$13,201
10 years$20,136$18,201$16,433$14,823$13,359$11,001
11 years$18,119$16,203$14,468$12,901$11,489$9,248
12 years$16,439$14,543$12,840$11,316$9,956$7,830
13 years$15,019$13,143$11,471$9,990$8,682$6,668
14 years$13,803$11,946$10,307$8,868$7,611$5,705
15 years$12,750$10,913$9,306$7,909$6,701$4,900
16 years$11,829$10,013$8,437$7,081$5,922$4,223
17 years$11,018$9,221$7,678$6,362$5,251$3,649
18 years$10,297$8,521$7,009$5,734$4,669$3,161
19 years$9,653$7,897$6,416$5,181$4,162$2,744
20 years$9,074$7,338$5,888$4,692$3,717$2,386
21 years$8,552$6,835$5,416$4,259$3,327$2,078
22 years$8,077$6,381$4,992$3,872$2,982$1,811
23 years$7,644$5,968$4,609$3,526$2,677$1,581
24 years$7,248$5,591$4,263$3,216$2,406$1,381
25 years$6,884$5,247$3,948$2,937$2,165$1,208
26 years$6,548$4,931$3,662$2,686$1,950$1,057
27 years$6,238$4,641$3,400$2,458$1,758$926
28 years$5,951$4,373$3,161$2,252$1,586$811
29 years$5,684$4,126$2,941$2,065$1,432$711
30 years$5,435$3,896$2,740$1,896$1,294$623
31 years$5,203$3,683$2,554$1,741$1,170$547
32 years$4,985$3,485$2,383$1,600$1,059$480
33 years$4,782$3,300$2,225$1,471$958$421
34 years$4,590$3,128$2,079$1,354$867$370
35 years$4,410$2,967$1,944$1,246$786$325
36 years$4,241$2,816$1,818$1,148$712$285
37 years$4,080$2,675$1,702$1,057$645$251
38 years$3,929$2,542$1,594$975$585$220
39 years$3,786$2,417$1,493$899$530$193
40 years$3,650$2,300$1,400$829$481$170
41 years$3,522$2,189$1,312$765$436$149
42 years$3,399$2,085$1,231$706$396$131
43 years$3,283$1,986$1,155$652$359$115
44 years$3,172$1,893$1,084$602$326$101
45 years$3,067$1,806$1,018$556$296$89
46 years$2,966$1,722$956$513$269$78
47 years$2,870$1,644$898$474$244$69
48 years$2,779$1,569$844$438$222$61
49 years$2,691$1,498$794$405$201$53
50 years$2,607$1,431$746$374$183$47

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $2,670,000, adding $4,413 every year, while hoping to spend $22,049 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: 78/9/13 Blend
64$2,670,000$2,670,000$2,670,000$2,670,000
65$2,946,892$2,805,382$2,763,997$3,168,841
66$3,224,015$2,919,386$2,833,131$3,429,571
67$3,528,666$3,038,237$2,903,842$3,712,223
68$3,863,628$3,162,149$2,976,159$4,021,625
69$4,231,971$3,291,347$3,050,113$4,360,441
70$4,637,073$3,426,064$3,125,733$4,731,601
71$5,082,660$3,566,546$3,203,050$5,138,334
72$5,572,833$3,713,049$3,282,094$5,584,195
73$6,112,114$3,865,840$3,362,896$6,073,099
74$6,705,483$4,025,200$3,445,487$6,609,358
75$7,358,429$4,191,421$3,529,897$7,197,722
76$8,076,998$4,364,811$3,616,159$7,843,421
77$8,867,854$4,545,688$3,704,302$8,552,217
78$9,738,337$4,734,389$3,794,358$9,330,456
79$10,696,538$4,931,265$3,886,360$10,185,130
80$11,751,369$5,136,681$3,980,337$11,123,938
81$12,912,652$5,351,022$4,076,322$12,155,363
82$14,191,209$5,574,689$4,174,345$13,288,750
83$15,598,966$5,808,102$4,274,439$14,534,393
84$17,149,061$6,051,700$4,376,634$15,903,632
85$18,855,975$6,305,942$4,480,960$17,408,961
86$20,735,662$6,571,311$4,587,450$19,064,143
87$22,805,703$6,848,308$4,696,133$20,884,342
88$25,085,470$7,137,461$4,807,039$22,886,264
89$27,596,312$7,439,321$4,920,199$25,088,314
90$30,361,751$7,754,463$5,035,641$27,510,771
91$33,407,710$8,083,492$5,153,395$30,175,977
92$36,762,752$8,427,038$5,273,489$33,108,549
93$40,458,353$8,785,764$5,395,951$36,335,606
94$44,529,198$9,160,359$5,520,809$39,887,033
95$49,013,508$9,551,549$5,648,088$43,795,755
96$53,953,402$9,960,090$5,777,814$48,098,050
97$59,395,290$10,386,776$5,910,013$52,833,891
98$65,390,319$10,832,437$6,044,707$58,047,320
99$71,994,847$11,297,942$6,181,920$63,786,867
100$79,270,980$11,784,199$6,321,673$70,106,006