Can I retire at age 65 with 2,760,000?

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 $2,760,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.5%
1 years$227,918$225,888$223,907$221,974$220,086$211,689
2 years$112,831$110,729$108,693$106,718$104,803$96,441
3 years$74,473$72,363$70,331$68,375$66,491$58,429
4 years$55,298$53,194$51,183$49,261$47,422$39,720
5 years$43,796$41,705$39,720$37,837$36,050$28,728
6 years$36,131$34,055$32,100$30,258$28,525$21,588
7 years$30,658$28,600$26,675$24,877$23,198$16,645
8 years$26,555$24,515$22,623$20,869$19,245$13,069
9 years$23,365$21,345$19,485$17,776$16,207$10,399
10 years$20,815$18,814$16,987$15,323$13,809$8,359
11 years$18,730$16,749$14,955$13,335$11,877$6,771
12 years$16,993$15,033$13,273$11,697$10,292$5,518
13 years$15,525$13,586$11,858$10,327$8,975$4,519
14 years$14,268$12,349$10,655$9,167$7,867$3,715
15 years$13,179$11,281$9,620$8,175$6,927$3,064
16 years$12,228$10,350$8,722$7,320$6,122$2,533
17 years$11,389$9,532$7,936$6,577$5,428$2,099
18 years$10,644$8,808$7,245$5,927$4,827$1,742
19 years$9,979$8,163$6,632$5,356$4,302$1,448
20 years$9,380$7,586$6,087$4,851$3,843$1,205
21 years$8,840$7,066$5,599$4,402$3,439$1,003
22 years$8,349$6,596$5,160$4,003$3,082$836
23 years$7,901$6,169$4,764$3,645$2,767$698
24 years$7,492$5,780$4,406$3,325$2,487$582
25 years$7,116$5,424$4,081$3,036$2,238$486
26 years$6,769$5,098$3,785$2,776$2,016$406
27 years$6,449$4,798$3,515$2,541$1,817$339
28 years$6,151$4,521$3,267$2,328$1,640$283
29 years$5,875$4,265$3,041$2,135$1,481$237
30 years$5,618$4,028$2,832$1,959$1,338$198
31 years$5,378$3,807$2,640$1,800$1,210$166
32 years$5,153$3,603$2,464$1,654$1,094$138
33 years$4,943$3,412$2,300$1,521$990$116
34 years$4,745$3,234$2,149$1,399$897$97
35 years$4,559$3,067$2,009$1,288$812$81
36 years$4,384$2,911$1,880$1,186$736$68
37 years$4,218$2,765$1,759$1,093$667$57
38 years$4,062$2,628$1,648$1,008$605$47
39 years$3,914$2,499$1,544$929$548$40
40 years$3,773$2,377$1,447$857$497$33
41 years$3,640$2,263$1,357$791$451$28
42 years$3,514$2,155$1,273$730$409$23
43 years$3,394$2,053$1,194$673$372$19
44 years$3,279$1,957$1,121$622$337$16
45 years$3,170$1,866$1,052$574$306$14
46 years$3,066$1,780$989$530$278$11
47 years$2,967$1,699$929$490$252$10
48 years$2,872$1,622$873$453$229$8
49 years$2,782$1,549$820$419$208$7
50 years$2,695$1,480$771$387$189$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $2,760,000, adding $5,523 every year, while hoping to spend $31,499 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: 44/27/29 Blend
64$2,760,000$2,760,000$2,760,000$2,760,000
65$3,047,217$2,900,937$2,858,157$3,155,413
66$3,324,518$3,009,568$2,920,391$3,341,950
67$3,629,049$3,122,467$2,983,653$3,540,620
68$3,963,553$3,239,808$3,047,946$3,755,392
69$4,331,052$3,361,776$3,113,270$3,987,785
70$4,734,878$3,488,562$3,179,623$4,239,467
71$5,178,699$3,620,365$3,247,004$4,512,274
72$5,666,557$3,757,394$3,315,409$4,808,223
73$6,202,905$3,899,865$3,384,835$5,129,534
74$6,792,649$4,048,006$3,455,274$5,478,647
75$7,441,194$4,202,052$3,526,720$5,858,249
76$8,154,494$4,362,252$3,599,164$6,271,295
77$8,939,112$4,528,861$3,672,595$6,721,035
78$9,802,276$4,702,150$3,747,002$7,211,048
79$10,751,951$4,882,398$3,822,369$7,745,270
80$11,796,912$5,069,898$3,898,681$8,328,036
81$12,946,830$5,264,956$3,975,919$8,964,115
82$14,212,359$5,467,890$4,054,064$9,658,757
83$15,605,237$5,679,035$4,133,093$10,417,742
84$17,138,400$5,898,737$4,212,981$11,247,433
85$18,826,101$6,127,359$4,293,700$12,154,836
86$20,684,045$6,365,281$4,375,220$13,147,664
87$22,729,535$6,612,898$4,457,508$14,234,410
88$24,981,641$6,870,623$4,540,528$15,424,426
89$27,461,373$7,138,888$4,624,240$16,728,011
90$30,191,883$7,418,143$4,708,602$18,156,505
91$33,198,683$7,708,860$4,793,568$19,722,398
92$36,509,884$8,011,529$4,879,088$21,439,445
93$40,156,463$8,326,665$4,965,108$23,322,796
94$44,172,554$8,654,804$5,051,571$25,389,137
95$48,595,770$8,996,505$5,138,415$27,656,845
96$53,467,560$9,352,355$5,225,573$30,146,164
97$58,833,595$9,722,964$5,312,973$32,879,392
98$64,744,204$10,108,972$5,400,541$35,881,090
99$71,254,848$10,511,047$5,488,194$39,178,314
100$78,426,639$10,929,885$5,575,845$42,800,870