Can I retire at age 65 with 2,680,000?

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 $2,680,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.9%
1 years$221,312$219,341$217,417$215,540$213,707$207,699
2 years$109,560$107,520$105,542$103,625$101,765$95,758
3 years$72,315$70,265$68,293$66,394$64,564$58,746
4 years$53,696$51,653$49,700$47,833$46,048$40,463
5 years$42,527$40,496$38,569$36,740$35,005$29,669
6 years$35,084$33,068$31,170$29,381$27,698$22,616
7 years$29,769$27,771$25,902$24,156$22,526$17,698
8 years$25,785$23,805$21,967$20,264$18,687$14,111
9 years$22,688$20,726$18,920$17,260$15,737$11,408
10 years$20,212$18,269$16,495$14,879$13,409$9,321
11 years$18,187$16,264$14,522$12,949$11,532$7,679
12 years$16,501$14,598$12,888$11,358$9,994$6,367
13 years$15,075$13,192$11,514$10,027$8,715$5,307
14 years$13,855$11,991$10,346$8,901$7,639$4,443
15 years$12,797$10,954$9,341$7,938$6,726$3,732
16 years$11,873$10,050$8,469$7,108$5,945$3,144
17 years$11,059$9,256$7,706$6,386$5,271$2,655
18 years$10,336$8,553$7,035$5,755$4,687$2,247
19 years$9,689$7,927$6,440$5,200$4,177$1,905
20 years$9,108$7,366$5,910$4,710$3,731$1,617
21 years$8,584$6,861$5,436$4,275$3,339$1,374
22 years$8,107$6,404$5,011$3,887$2,993$1,168
23 years$7,672$5,990$4,626$3,540$2,687$995
24 years$7,275$5,612$4,279$3,228$2,415$847
25 years$6,909$5,267$3,963$2,948$2,173$722
26 years$6,573$4,950$3,675$2,696$1,957$616
27 years$6,262$4,658$3,413$2,468$1,765$526
28 years$5,973$4,390$3,173$2,261$1,592$449
29 years$5,705$4,141$2,952$2,073$1,438$383
30 years$5,455$3,911$2,750$1,903$1,299$327
31 years$5,222$3,697$2,564$1,747$1,175$280
32 years$5,004$3,498$2,392$1,606$1,062$239
33 years$4,799$3,313$2,234$1,477$962$204
34 years$4,607$3,140$2,087$1,359$871$174
35 years$4,427$2,978$1,951$1,251$789$149
36 years$4,256$2,827$1,825$1,152$714$128
37 years$4,096$2,685$1,708$1,061$648$109
38 years$3,944$2,551$1,600$978$587$93
39 years$3,800$2,426$1,499$902$532$80
40 years$3,664$2,308$1,405$832$483$68
41 years$3,535$2,197$1,317$768$438$58
42 years$3,412$2,093$1,236$708$397$50
43 years$3,295$1,994$1,160$654$361$43
44 years$3,184$1,900$1,088$604$327$36
45 years$3,078$1,812$1,022$558$297$31
46 years$2,977$1,729$960$515$270$27
47 years$2,881$1,650$902$476$245$23
48 years$2,789$1,575$847$440$223$20
49 years$2,701$1,504$797$406$202$17
50 years$2,617$1,437$749$376$184$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $2,680,000, adding $5,381 every year, while hoping to spend $38,809 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: 66/14/20 Blend
64$2,680,000$2,680,000$2,680,000$2,680,000
65$2,958,911$2,816,871$2,775,331$3,138,972
66$3,219,427$2,913,605$2,827,012$3,357,129
67$3,505,215$3,013,778$2,879,123$3,590,576
68$3,818,812$3,117,518$2,931,639$3,844,861
69$4,163,012$3,224,958$2,984,530$4,122,027
70$4,540,893$3,336,235$3,037,766$4,424,329
71$4,955,846$3,451,491$3,091,312$4,754,246
72$5,411,604$3,570,876$3,145,133$5,114,508
73$5,912,283$3,694,545$3,199,190$5,508,125
74$6,462,415$3,822,657$3,253,443$5,938,406
75$7,066,994$3,955,380$3,307,845$6,409,000
76$7,731,520$4,092,886$3,362,351$6,923,923
77$8,462,055$4,235,357$3,416,909$7,487,599
78$9,265,274$4,382,979$3,471,465$8,104,901
79$10,148,534$4,535,947$3,525,962$8,781,196
80$11,119,941$4,694,465$3,580,337$9,522,396
81$12,188,423$4,858,741$3,634,527$10,335,013
82$13,363,819$5,028,996$3,688,460$11,226,221
83$14,656,968$5,205,457$3,742,064$12,203,923
84$16,079,816$5,388,361$3,795,259$13,276,823
85$17,645,520$5,577,955$3,847,964$14,454,513
86$19,368,582$5,774,493$3,900,090$15,747,558
87$21,264,977$5,978,243$3,951,543$17,167,598
88$23,352,310$6,189,483$4,002,225$18,727,457
89$25,649,978$6,408,499$4,052,031$20,441,265
90$28,179,353$6,635,593$4,100,852$22,324,587
91$30,963,987$6,871,076$4,148,569$24,394,574
92$34,029,828$7,115,274$4,195,062$26,670,123
93$37,405,473$7,368,524$4,240,198$29,172,055
94$41,122,428$7,631,179$4,283,841$31,923,308
95$45,215,412$7,903,604$4,325,847$34,949,159
96$49,722,684$8,186,180$4,366,063$38,277,458
97$54,686,399$8,479,304$4,404,327$41,938,892
98$60,153,012$8,783,390$4,440,472$45,967,273
99$66,173,710$9,098,867$4,474,318$50,399,858
100$72,804,899$9,426,182$4,505,679$55,277,699