Can I retire at age 65 with 2,710,000?

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 $2,710,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%20%
1 years$223,789$221,796$219,851$217,953$216,099$207,443
2 years$110,787$108,723$106,724$104,785$102,904$94,292
3 years$73,124$71,052$69,057$67,137$65,287$56,990
4 years$54,297$52,231$50,256$48,368$46,563$38,644
5 years$43,003$40,950$39,001$37,151$35,397$27,876
6 years$35,476$33,438$31,518$29,710$28,008$20,891
7 years$30,102$28,081$26,192$24,426$22,778$16,061
8 years$26,074$24,071$22,213$20,491$18,897$12,573
9 years$22,942$20,958$19,132$17,454$15,914$9,974
10 years$20,438$18,474$16,680$15,045$13,559$7,991
11 years$18,391$16,446$14,684$13,094$11,661$6,452
12 years$16,686$14,761$13,032$11,485$10,106$5,241
13 years$15,244$13,340$11,643$10,140$8,812$4,277
14 years$14,010$12,125$10,462$9,001$7,725$3,504
15 years$12,941$11,077$9,445$8,027$6,801$2,880
16 years$12,006$10,163$8,564$7,187$6,011$2,372
17 years$11,183$9,359$7,793$6,458$5,330$1,958
18 years$10,451$8,649$7,114$5,820$4,739$1,619
19 years$9,798$8,015$6,512$5,259$4,224$1,341
20 years$9,210$7,448$5,977$4,763$3,773$1,111
21 years$8,680$6,938$5,497$4,322$3,376$922
22 years$8,198$6,476$5,067$3,930$3,026$765
23 years$7,758$6,057$4,678$3,579$2,717$636
24 years$7,356$5,675$4,326$3,264$2,442$529
25 years$6,987$5,326$4,007$2,981$2,197$440
26 years$6,646$5,005$3,716$2,726$1,979$366
27 years$6,332$4,711$3,451$2,495$1,784$304
28 years$6,040$4,439$3,208$2,286$1,610$253
29 years$5,769$4,187$2,985$2,096$1,454$211
30 years$5,516$3,955$2,781$1,924$1,314$176
31 years$5,281$3,738$2,593$1,767$1,188$146
32 years$5,060$3,537$2,419$1,624$1,074$122
33 years$4,853$3,350$2,259$1,493$972$101
34 years$4,659$3,175$2,110$1,374$880$84
35 years$4,476$3,011$1,973$1,265$797$70
36 years$4,304$2,858$1,846$1,165$722$59
37 years$4,142$2,715$1,727$1,073$655$49
38 years$3,988$2,580$1,618$989$594$41
39 years$3,843$2,453$1,516$912$538$34
40 years$3,705$2,334$1,421$841$488$28
41 years$3,574$2,222$1,332$776$443$24
42 years$3,450$2,116$1,250$716$402$20
43 years$3,332$2,016$1,172$661$365$16
44 years$3,220$1,922$1,101$611$331$14
45 years$3,113$1,833$1,033$564$301$11
46 years$3,011$1,748$971$521$273$9
47 years$2,913$1,668$912$481$248$8
48 years$2,820$1,593$857$445$225$7
49 years$2,731$1,521$805$411$204$5
50 years$2,646$1,453$757$380$186$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $2,710,000, adding $6,340 every year, while hoping to spend $50,220 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: 35/37/28 Blend
64$2,710,000$2,710,000$2,710,000$2,710,000
65$2,992,960$2,849,330$2,807,325$3,072,265
66$3,244,808$2,935,513$2,847,936$3,218,397
67$3,520,661$3,024,236$2,888,225$3,370,995
68$3,822,916$3,115,571$2,928,128$3,534,681
69$4,154,209$3,209,590$2,967,576$3,710,481
70$4,517,448$3,306,369$3,006,499$3,899,525
71$4,915,831$3,405,984$3,044,820$4,103,055
72$5,352,883$3,508,515$3,082,459$4,322,437
73$5,832,488$3,614,043$3,119,332$4,559,178
74$6,358,921$3,722,650$3,155,349$4,814,931
75$6,936,893$3,834,422$3,190,415$5,091,521
76$7,571,592$3,949,446$3,224,431$5,390,953
77$8,268,737$4,067,810$3,257,291$5,715,437
78$9,034,622$4,189,607$3,288,885$6,067,404
79$9,876,186$4,314,930$3,319,094$6,449,533
80$10,801,070$4,443,875$3,347,797$6,864,773
81$11,817,694$4,576,540$3,374,863$7,316,373
82$12,935,333$4,713,025$3,400,156$7,807,909
83$14,164,207$4,853,433$3,423,531$8,343,322
84$15,515,575$4,997,870$3,444,838$8,926,950
85$17,001,840$5,146,442$3,463,917$9,563,575
86$18,636,671$5,299,261$3,480,601$10,258,463
87$20,435,124$5,456,437$3,494,714$11,017,413
88$22,413,791$5,618,087$3,506,071$11,846,817
89$24,590,953$5,784,328$3,514,479$12,753,715
90$26,986,749$5,955,280$3,519,734$13,745,863
91$29,623,374$6,131,065$3,521,622$14,831,807
92$32,525,280$6,311,809$3,519,918$16,020,962
93$35,719,411$6,497,640$3,514,387$17,323,702
94$39,235,454$6,688,687$3,504,782$18,751,458
95$43,106,123$6,885,085$3,490,845$20,316,823
96$47,367,462$7,086,969$3,472,303$22,033,674
97$52,059,190$7,294,478$3,448,872$23,917,303
98$57,225,072$7,507,752$3,420,253$25,984,559
99$62,913,333$7,726,935$3,386,136$28,254,007
100$69,177,113$7,952,175$3,346,191$30,746,106