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%11%
1 years$229,570$227,525$225,530$223,583$221,681$220,747
2 years$113,648$111,532$109,481$107,492$105,562$104,619
3 years$75,013$72,887$70,841$68,871$66,973$66,050
4 years$55,699$53,580$51,554$49,618$47,766$46,870
5 years$44,114$42,007$40,008$38,111$36,311$35,445
6 years$36,393$34,302$32,333$30,478$28,732$27,897
7 years$30,880$28,807$26,869$25,057$23,366$22,564
8 years$26,747$24,693$22,787$21,020$19,385$18,614
9 years$23,534$21,500$19,626$17,904$16,325$15,585
10 years$20,966$18,951$17,110$15,434$13,909$13,201
11 years$18,866$16,871$15,064$13,432$11,963$11,285
12 years$17,117$15,142$13,369$11,782$10,367$9,719
13 years$15,638$13,684$11,944$10,401$9,040$8,422
14 years$14,372$12,439$10,732$9,233$7,924$7,335
15 years$13,275$11,363$9,689$8,234$6,977$6,416
16 years$12,316$10,425$8,785$7,373$6,166$5,633
17 years$11,472$9,601$7,994$6,625$5,468$4,961
18 years$10,721$8,872$7,297$5,970$4,862$4,380
19 years$10,051$8,222$6,680$5,395$4,333$3,877
20 years$9,448$7,641$6,131$4,886$3,870$3,438
21 years$8,904$7,117$5,639$4,434$3,464$3,055
22 years$8,409$6,643$5,197$4,032$3,105$2,718
23 years$7,959$6,213$4,799$3,672$2,787$2,422
24 years$7,546$5,822$4,438$3,349$2,505$2,160
25 years$7,167$5,463$4,111$3,058$2,254$1,929
26 years$6,818$5,135$3,812$2,796$2,030$1,725
27 years$6,495$4,832$3,540$2,560$1,831$1,543
28 years$6,196$4,553$3,291$2,345$1,652$1,381
29 years$5,918$4,296$3,063$2,151$1,491$1,237
30 years$5,659$4,057$2,853$1,974$1,348$1,109
31 years$5,417$3,835$2,659$1,813$1,218$995
32 years$5,191$3,629$2,481$1,666$1,102$893
33 years$4,979$3,436$2,317$1,532$997$801
34 years$4,779$3,257$2,165$1,409$903$719
35 years$4,592$3,089$2,024$1,298$818$646
36 years$4,415$2,932$1,893$1,195$741$581
37 years$4,249$2,785$1,772$1,101$672$522
38 years$4,091$2,647$1,659$1,015$609$469
39 years$3,942$2,517$1,555$936$552$422
40 years$3,801$2,394$1,457$863$501$379
41 years$3,667$2,279$1,366$796$454$341
42 years$3,539$2,171$1,282$735$412$307
43 years$3,418$2,068$1,203$678$374$276
44 years$3,303$1,971$1,129$626$340$249
45 years$3,193$1,880$1,060$578$308$224
46 years$3,088$1,793$996$534$280$201
47 years$2,989$1,711$935$494$254$181
48 years$2,893$1,634$879$456$231$163
49 years$2,802$1,560$826$422$210$147
50 years$2,714$1,490$777$390$190$132

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 $4,749 every year, while hoping to spend $33,542 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: 75/17/8 Blend
64$2,780,000$2,780,000$2,780,000$2,780,000
65$3,068,459$2,921,119$2,878,029$3,294,531
66$3,345,753$3,028,565$2,938,754$3,551,448
67$3,650,207$3,140,152$3,000,390$3,828,173
68$3,984,556$3,256,047$3,062,931$4,130,453
69$4,351,812$3,376,425$3,126,370$4,460,807
70$4,755,295$3,501,468$3,190,702$4,822,011
71$5,198,660$3,631,365$3,255,915$5,217,120
72$5,685,936$3,766,314$3,322,001$5,649,498
73$6,221,560$3,906,522$3,388,946$6,122,848
74$6,810,421$4,052,203$3,456,738$6,641,248
75$7,457,905$4,203,582$3,525,359$7,209,188
76$8,169,945$4,360,892$3,594,793$7,831,614
77$8,953,082$4,524,378$3,665,021$8,513,971
78$9,814,516$4,694,293$3,736,019$9,262,256
79$10,762,186$4,870,902$3,807,765$10,083,075
80$11,804,836$5,054,484$3,880,232$10,983,702
81$12,952,101$5,245,325$3,953,392$11,972,150
82$14,214,597$5,443,727$4,027,212$13,057,244
83$15,604,021$5,650,005$4,101,658$14,248,705
84$17,133,261$5,864,485$4,176,694$15,557,241
85$18,816,520$6,087,511$4,252,279$16,994,648
86$20,669,444$6,319,438$4,328,370$18,573,917
87$22,709,276$6,560,639$4,404,919$20,309,364
88$24,955,014$6,811,503$4,481,876$22,216,755
89$27,427,594$7,072,435$4,559,187$24,313,461
90$30,150,083$7,343,859$4,636,794$26,618,618
91$33,147,899$7,626,215$4,714,635$29,153,309
92$36,449,052$7,919,967$4,792,642$31,940,760
93$40,084,404$8,225,594$4,870,744$35,006,559
94$44,087,965$8,543,600$4,948,866$38,378,898
95$48,497,210$8,874,509$5,026,925$42,088,838
96$53,353,435$9,218,869$5,104,837$46,170,601
97$58,702,144$9,577,252$5,182,507$50,661,891
98$64,593,481$9,950,256$5,259,840$55,604,250
99$71,082,702$10,338,504$5,336,730$61,043,450
100$78,230,694$10,742,648$5,413,068$67,029,923