Can I retire at age 65 with 2,780,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $2,780,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$229,570$227,525$225,530$223,583$221,681$220,192
2 years$113,648$111,532$109,481$107,492$105,562$104,060
3 years$75,013$72,887$70,841$68,871$66,973$65,505
4 years$55,699$53,580$51,554$49,618$47,766$46,343
5 years$44,114$42,007$40,008$38,111$36,311$34,937
6 years$36,393$34,302$32,333$30,478$28,732$27,409
7 years$30,880$28,807$26,869$25,057$23,366$22,095
8 years$26,747$24,693$22,787$21,020$19,385$18,165
9 years$23,534$21,500$19,626$17,904$16,325$15,157
10 years$20,966$18,951$17,110$15,434$13,909$12,792
11 years$18,866$16,871$15,064$13,432$11,963$10,895
12 years$17,117$15,142$13,369$11,782$10,367$9,348
13 years$15,638$13,684$11,944$10,401$9,040$8,070
14 years$14,372$12,439$10,732$9,233$7,924$7,001
15 years$13,275$11,363$9,689$8,234$6,977$6,100
16 years$12,316$10,425$8,785$7,373$6,166$5,333
17 years$11,472$9,601$7,994$6,625$5,468$4,677
18 years$10,721$8,872$7,297$5,970$4,862$4,113
19 years$10,051$8,222$6,680$5,395$4,333$3,625
20 years$9,448$7,641$6,131$4,886$3,870$3,201
21 years$8,904$7,117$5,639$4,434$3,464$2,831
22 years$8,409$6,643$5,197$4,032$3,105$2,508
23 years$7,959$6,213$4,799$3,672$2,787$2,225
24 years$7,546$5,822$4,438$3,349$2,505$1,975
25 years$7,167$5,463$4,111$3,058$2,254$1,756
26 years$6,818$5,135$3,812$2,796$2,030$1,562
27 years$6,495$4,832$3,540$2,560$1,831$1,391
28 years$6,196$4,553$3,291$2,345$1,652$1,239
29 years$5,918$4,296$3,063$2,151$1,491$1,105
30 years$5,659$4,057$2,853$1,974$1,348$986
31 years$5,417$3,835$2,659$1,813$1,218$880
32 years$5,191$3,629$2,481$1,666$1,102$786
33 years$4,979$3,436$2,317$1,532$997$702
34 years$4,779$3,257$2,165$1,409$903$627
35 years$4,592$3,089$2,024$1,298$818$560
36 years$4,415$2,932$1,893$1,195$741$501
37 years$4,249$2,785$1,772$1,101$672$448
38 years$4,091$2,647$1,659$1,015$609$401
39 years$3,942$2,517$1,555$936$552$358
40 years$3,801$2,394$1,457$863$501$321
41 years$3,667$2,279$1,366$796$454$287
42 years$3,539$2,171$1,282$735$412$257
43 years$3,418$2,068$1,203$678$374$230
44 years$3,303$1,971$1,129$626$340$206
45 years$3,193$1,880$1,060$578$308$184
46 years$3,088$1,793$996$534$280$165
47 years$2,989$1,711$935$494$254$148
48 years$2,893$1,634$879$456$231$132
49 years$2,802$1,560$826$422$210$119
50 years$2,714$1,490$777$390$190$106

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $2,780,000, adding $4,686 every year, while hoping to spend $30,879 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: 38/35/27 Blend
64$2,780,000$2,780,000$2,780,000$2,780,000
65$3,068,394$2,921,054$2,877,964$3,160,153
66$3,348,515$3,031,330$2,941,520$3,338,128
67$3,656,173$3,145,975$3,006,171$3,527,162
68$3,994,145$3,265,171$3,071,921$3,730,871
69$4,365,490$3,389,105$3,138,771$3,950,603
70$4,773,575$3,517,977$3,206,726$4,187,844
71$5,222,114$3,651,992$3,275,785$4,444,225
72$5,715,195$3,791,365$3,345,949$4,721,535
73$6,257,323$3,936,321$3,417,217$5,021,746
74$6,853,463$4,087,093$3,489,587$5,347,019
75$7,509,083$4,243,927$3,563,054$5,699,735
76$8,230,208$4,407,078$3,637,615$6,082,509
77$9,023,476$4,576,812$3,713,262$6,498,216
78$9,896,202$4,753,407$3,789,988$6,950,020
79$10,856,444$4,937,154$3,867,782$7,441,400
80$11,913,083$5,128,355$3,946,634$7,976,181
81$13,075,900$5,327,328$4,026,530$8,558,574
82$14,355,677$5,534,402$4,107,454$9,193,209
83$15,764,292$5,749,924$4,189,389$9,885,183
84$17,314,832$5,974,252$4,272,315$10,640,103
85$19,021,718$6,207,764$4,356,211$11,464,141
86$20,900,841$6,450,852$4,441,052$12,364,088
87$22,969,710$6,703,927$4,526,811$13,347,420
88$25,247,619$6,967,418$4,613,457$14,422,364
89$27,755,827$7,241,772$4,700,959$15,597,981
90$30,517,760$7,527,457$4,789,279$16,884,240
91$33,559,231$7,824,963$4,878,380$18,292,120
92$36,908,686$8,134,799$4,968,219$19,833,709
93$40,597,466$8,457,499$5,058,749$21,522,315
94$44,660,112$8,793,620$5,149,921$23,372,592
95$49,134,681$9,143,745$5,241,681$25,400,676
96$54,063,112$9,508,482$5,333,971$27,624,337
97$59,491,619$9,888,467$5,426,728$30,063,144
98$65,471,126$10,284,365$5,519,886$32,738,647
99$72,057,752$10,696,869$5,613,373$35,674,582
100$79,313,333$11,126,706$5,707,112$38,897,088