Can I retire at age 65 with 2,740,000?

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 $2,740,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.2%
1 years$226,267$224,251$222,285$220,366$218,491$210,405
2 years$112,013$109,927$107,905$105,945$104,044$95,987
3 years$73,934$71,839$69,822$67,880$66,010$58,238
4 years$54,898$52,809$50,812$48,904$47,079$39,650
5 years$43,479$41,403$39,433$37,563$35,788$28,723
6 years$35,869$33,809$31,867$30,039$28,318$21,620
7 years$30,436$28,392$26,482$24,697$23,030$16,698
8 years$26,362$24,337$22,459$20,718$19,106$13,134
9 years$23,196$21,190$19,344$17,647$16,090$10,470
10 years$20,664$18,678$16,864$15,212$13,709$8,432
11 years$18,594$16,628$14,847$13,239$11,790$6,844
12 years$16,870$14,924$13,176$11,612$10,217$5,589
13 years$15,413$13,487$11,772$10,252$8,910$4,586
14 years$14,165$12,260$10,577$9,100$7,810$3,779
15 years$13,084$11,199$9,550$8,116$6,877$3,123
16 years$12,139$10,275$8,658$7,267$6,078$2,588
17 years$11,307$9,463$7,879$6,529$5,389$2,149
18 years$10,567$8,744$7,192$5,884$4,792$1,787
19 years$9,906$8,104$6,584$5,317$4,271$1,489
20 years$9,312$7,531$6,043$4,815$3,815$1,242
21 years$8,776$7,015$5,558$4,370$3,414$1,036
22 years$8,288$6,548$5,123$3,974$3,060$866
23 years$7,844$6,124$4,730$3,619$2,747$724
24 years$7,438$5,738$4,374$3,301$2,469$606
25 years$7,064$5,385$4,052$3,014$2,222$507
26 years$6,720$5,061$3,758$2,756$2,001$424
27 years$6,402$4,763$3,489$2,523$1,804$355
28 years$6,107$4,488$3,244$2,311$1,628$298
29 years$5,833$4,234$3,019$2,120$1,470$249
30 years$5,577$3,998$2,812$1,945$1,328$209
31 years$5,339$3,780$2,621$1,787$1,201$175
32 years$5,116$3,576$2,446$1,642$1,086$147
33 years$4,907$3,387$2,284$1,510$983$123
34 years$4,711$3,210$2,134$1,389$890$103
35 years$4,526$3,045$1,995$1,279$806$87
36 years$4,352$2,890$1,866$1,178$730$73
37 years$4,187$2,745$1,747$1,085$662$61
38 years$4,032$2,608$1,636$1,000$600$51
39 years$3,885$2,480$1,532$922$544$43
40 years$3,746$2,360$1,436$851$494$36
41 years$3,614$2,246$1,347$785$448$30
42 years$3,488$2,139$1,263$724$406$25
43 years$3,369$2,038$1,185$669$369$21
44 years$3,256$1,943$1,113$617$335$18
45 years$3,147$1,853$1,045$570$304$15
46 years$3,044$1,768$981$527$276$13
47 years$2,946$1,687$922$487$251$11
48 years$2,851$1,610$866$450$228$9
49 years$2,761$1,538$814$416$207$7
50 years$2,675$1,469$766$384$188$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $2,740,000, adding $2,660 every year, while hoping to spend $38,331 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: 51/25/24 Blend
64$2,740,000$2,740,000$2,740,000$2,740,000
65$3,022,224$2,877,004$2,834,534$3,155,924
66$3,289,707$2,977,193$2,888,707$3,349,114
67$3,583,188$3,081,007$2,943,410$3,554,943
68$3,905,280$3,188,583$2,998,620$3,777,967
69$4,258,858$3,300,062$3,054,314$4,019,833
70$4,647,090$3,415,595$3,110,462$4,282,355
71$5,073,469$3,535,334$3,167,038$4,567,528
72$5,541,837$3,659,440$3,224,009$4,877,547
73$6,056,432$3,788,080$3,281,340$5,214,828
74$6,621,919$3,921,427$3,338,996$5,582,030
75$7,243,440$4,059,662$3,396,937$5,982,079
76$7,926,657$4,202,972$3,455,121$6,418,199
77$8,677,811$4,351,552$3,513,502$6,893,935
78$9,503,775$4,505,606$3,572,032$7,413,192
79$10,412,124$4,665,344$3,630,659$7,980,271
80$11,411,201$4,830,987$3,689,327$8,599,903
81$12,510,202$5,002,763$3,747,977$9,277,303
82$13,719,255$5,180,911$3,806,547$10,018,209
83$15,049,520$5,365,677$3,864,968$10,828,943
84$16,513,297$5,557,321$3,923,170$11,716,467
85$18,124,133$5,756,110$3,981,076$12,688,448
86$19,896,959$5,962,324$4,038,607$13,753,328
87$21,848,225$6,176,253$4,095,676$14,920,409
88$23,996,055$6,398,201$4,152,192$16,199,935
89$26,360,423$6,628,482$4,208,060$17,603,190
90$28,963,334$6,867,426$4,263,178$19,142,602
91$31,829,038$7,115,374$4,317,439$20,831,863
92$34,984,254$7,372,681$4,370,727$22,686,056
93$38,458,424$7,639,719$4,422,923$24,721,795
94$42,283,992$7,916,874$4,473,900$26,957,384
95$46,496,707$8,204,549$4,523,523$29,412,986
96$51,135,960$8,503,161$4,571,650$32,110,816
97$56,245,160$8,813,147$4,618,132$35,075,347
98$61,872,138$9,134,963$4,662,811$38,333,543
99$68,069,602$9,469,082$4,705,521$41,915,109
100$74,895,632$9,815,998$4,746,087$45,852,774