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

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 $2,780,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$229,570$227,525$225,530$223,583$221,681$219,732
2 years$113,648$111,532$109,481$107,492$105,562$103,598
3 years$75,013$72,887$70,841$68,871$66,973$65,055
4 years$55,699$53,580$51,554$49,618$47,766$45,908
5 years$44,114$42,007$40,008$38,111$36,311$34,519
6 years$36,393$34,302$32,333$30,478$28,732$27,008
7 years$30,880$28,807$26,869$25,057$23,366$21,712
8 years$26,747$24,693$22,787$21,020$19,385$17,800
9 years$23,534$21,500$19,626$17,904$16,325$14,808
10 years$20,966$18,951$17,110$15,434$13,909$12,461
11 years$18,866$16,871$15,064$13,432$11,963$10,581
12 years$17,117$15,142$13,369$11,782$10,367$9,050
13 years$15,638$13,684$11,944$10,401$9,040$7,787
14 years$14,372$12,439$10,732$9,233$7,924$6,733
15 years$13,275$11,363$9,689$8,234$6,977$5,847
16 years$12,316$10,425$8,785$7,373$6,166$5,095
17 years$11,472$9,601$7,994$6,625$5,468$4,453
18 years$10,721$8,872$7,297$5,970$4,862$3,902
19 years$10,051$8,222$6,680$5,395$4,333$3,426
20 years$9,448$7,641$6,131$4,886$3,870$3,014
21 years$8,904$7,117$5,639$4,434$3,464$2,657
22 years$8,409$6,643$5,197$4,032$3,105$2,345
23 years$7,959$6,213$4,799$3,672$2,787$2,072
24 years$7,546$5,822$4,438$3,349$2,505$1,833
25 years$7,167$5,463$4,111$3,058$2,254$1,623
26 years$6,818$5,135$3,812$2,796$2,030$1,438
27 years$6,495$4,832$3,540$2,560$1,831$1,275
28 years$6,196$4,553$3,291$2,345$1,652$1,132
29 years$5,918$4,296$3,063$2,151$1,491$1,005
30 years$5,659$4,057$2,853$1,974$1,348$893
31 years$5,417$3,835$2,659$1,813$1,218$794
32 years$5,191$3,629$2,481$1,666$1,102$706
33 years$4,979$3,436$2,317$1,532$997$628
34 years$4,779$3,257$2,165$1,409$903$559
35 years$4,592$3,089$2,024$1,298$818$497
36 years$4,415$2,932$1,893$1,195$741$443
37 years$4,249$2,785$1,772$1,101$672$394
38 years$4,091$2,647$1,659$1,015$609$351
39 years$3,942$2,517$1,555$936$552$313
40 years$3,801$2,394$1,457$863$501$279
41 years$3,667$2,279$1,366$796$454$248
42 years$3,539$2,171$1,282$735$412$221
43 years$3,418$2,068$1,203$678$374$197
44 years$3,303$1,971$1,129$626$340$176
45 years$3,193$1,880$1,060$578$308$157
46 years$3,088$1,793$996$534$280$140
47 years$2,989$1,711$935$494$254$125
48 years$2,893$1,634$879$456$231$111
49 years$2,802$1,560$826$422$210$99
50 years$2,714$1,490$777$390$190$88

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 $6,455 every year, while hoping to spend $39,613 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: 62/10/28 Blend
64$2,780,000$2,780,000$2,780,000$2,780,000
65$3,070,218$2,922,878$2,879,788$3,237,143
66$3,341,233$3,023,951$2,934,113$3,452,417
67$3,638,563$3,128,649$2,988,931$3,682,514
68$3,964,851$3,237,108$3,044,215$3,932,929
69$4,323,008$3,349,469$3,099,938$4,205,657
70$4,716,240$3,465,878$3,156,071$4,502,897
71$5,148,079$3,586,488$3,212,582$4,827,068
72$5,622,415$3,711,458$3,269,435$5,180,835
73$6,143,534$3,840,952$3,326,594$5,567,133
74$6,716,157$3,975,142$3,384,018$5,989,194
75$7,345,487$4,114,205$3,441,664$6,450,579
76$8,037,253$4,258,328$3,499,486$6,955,208
77$8,797,769$4,407,702$3,557,435$7,507,402
78$9,633,990$4,562,528$3,615,457$8,111,918
79$10,553,579$4,723,014$3,673,497$8,773,998
80$11,564,979$4,889,377$3,731,495$9,499,416
81$12,677,493$5,061,842$3,789,386$10,294,533
82$13,901,369$5,240,644$3,847,102$11,166,356
83$15,247,899$5,426,026$3,904,571$12,122,605
84$16,729,527$5,618,243$3,961,715$13,171,787
85$18,359,960$5,817,558$4,018,454$14,323,271
86$20,154,304$6,024,247$4,074,700$15,587,382
87$22,129,202$6,238,594$4,130,362$16,975,495
88$24,302,993$6,460,898$4,185,342$18,500,144
89$26,695,885$6,691,468$4,239,537$20,175,136
90$29,330,142$6,930,627$4,292,838$22,015,688
91$32,230,298$7,178,709$4,345,130$24,038,564
92$35,423,388$7,436,065$4,396,291$26,262,235
93$38,939,199$7,703,058$4,446,193$28,707,057
94$42,810,555$7,980,066$4,494,698$31,395,455
95$47,073,626$8,267,483$4,541,665$34,352,142
96$51,768,266$8,565,721$4,586,941$37,604,348
97$56,938,394$8,875,205$4,630,368$41,182,079
98$62,632,402$9,196,382$4,671,777$45,118,396
99$68,903,617$9,529,715$4,710,992$49,449,733
100$75,810,801$9,875,686$4,747,825$54,216,236