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%17.7%
1 years$229,570$227,525$225,530$223,583$221,681$214,757
2 years$113,648$111,532$109,481$107,492$105,562$98,648
3 years$75,013$72,887$70,841$68,871$66,973$60,286
4 years$55,699$53,580$51,554$49,618$47,766$41,356
5 years$44,114$42,007$40,008$38,111$36,311$30,196
6 years$36,393$34,302$32,333$30,478$28,732$22,918
7 years$30,880$28,807$26,869$25,057$23,366$17,853
8 years$26,747$24,693$22,787$21,020$19,385$14,167
9 years$23,534$21,500$19,626$17,904$16,325$11,398
10 years$20,966$18,951$17,110$15,434$13,909$9,266
11 years$18,866$16,871$15,064$13,432$11,963$7,594
12 years$17,117$15,142$13,369$11,782$10,367$6,264
13 years$15,638$13,684$11,944$10,401$9,040$5,193
14 years$14,372$12,439$10,732$9,233$7,924$4,323
15 years$13,275$11,363$9,689$8,234$6,977$3,612
16 years$12,316$10,425$8,785$7,373$6,166$3,025
17 years$11,472$9,601$7,994$6,625$5,468$2,540
18 years$10,721$8,872$7,297$5,970$4,862$2,136
19 years$10,051$8,222$6,680$5,395$4,333$1,800
20 years$9,448$7,641$6,131$4,886$3,870$1,518
21 years$8,904$7,117$5,639$4,434$3,464$1,282
22 years$8,409$6,643$5,197$4,032$3,105$1,084
23 years$7,959$6,213$4,799$3,672$2,787$917
24 years$7,546$5,822$4,438$3,349$2,505$776
25 years$7,167$5,463$4,111$3,058$2,254$658
26 years$6,818$5,135$3,812$2,796$2,030$557
27 years$6,495$4,832$3,540$2,560$1,831$472
28 years$6,196$4,553$3,291$2,345$1,652$401
29 years$5,918$4,296$3,063$2,151$1,491$340
30 years$5,659$4,057$2,853$1,974$1,348$288
31 years$5,417$3,835$2,659$1,813$1,218$245
32 years$5,191$3,629$2,481$1,666$1,102$208
33 years$4,979$3,436$2,317$1,532$997$176
34 years$4,779$3,257$2,165$1,409$903$150
35 years$4,592$3,089$2,024$1,298$818$127
36 years$4,415$2,932$1,893$1,195$741$108
37 years$4,249$2,785$1,772$1,101$672$92
38 years$4,091$2,647$1,659$1,015$609$78
39 years$3,942$2,517$1,555$936$552$66
40 years$3,801$2,394$1,457$863$501$56
41 years$3,667$2,279$1,366$796$454$48
42 years$3,539$2,171$1,282$735$412$41
43 years$3,418$2,068$1,203$678$374$34
44 years$3,303$1,971$1,129$626$340$29
45 years$3,193$1,880$1,060$578$308$25
46 years$3,088$1,793$996$534$280$21
47 years$2,989$1,711$935$494$254$18
48 years$2,893$1,634$879$456$231$15
49 years$2,802$1,560$826$422$210$13
50 years$2,714$1,490$777$390$190$11

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 $2,387 every year, while hoping to spend $32,346 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: 35/35/30 Blend
64$2,780,000$2,780,000$2,780,000$2,780,000
65$3,066,022$2,918,682$2,875,592$3,145,581
66$3,344,341$3,027,282$2,937,509$3,314,318
67$3,649,963$3,140,119$3,000,415$3,493,197
68$3,985,641$3,257,366$3,064,311$3,685,597
69$4,354,405$3,379,205$3,129,194$3,892,752
70$4,759,593$3,505,825$3,195,060$4,116,018
71$5,204,882$3,637,421$3,261,906$4,356,884
72$5,694,326$3,774,200$3,329,725$4,616,988
73$6,232,386$3,916,376$3,398,510$4,898,126
74$6,823,982$4,064,170$3,468,252$5,202,276
75$7,474,531$4,217,818$3,538,942$5,531,609
76$8,190,004$4,377,561$3,610,566$5,888,514
77$8,976,976$4,543,653$3,683,112$6,275,615
78$9,842,694$4,716,359$3,756,563$6,695,801
79$10,795,142$4,895,954$3,830,902$7,152,247
80$11,843,118$5,082,727$3,906,108$7,648,445
81$12,996,314$5,276,979$3,982,161$8,188,237
82$14,265,410$5,479,022$4,059,035$8,775,851
83$15,662,173$5,689,185$4,136,704$9,415,937
84$17,199,568$5,907,810$4,215,137$10,113,612
85$18,891,884$6,135,252$4,294,304$10,874,509
86$20,754,862$6,371,885$4,374,169$11,704,824
87$22,805,847$6,618,096$4,454,693$12,611,379
88$25,063,954$6,874,293$4,535,835$13,601,682
89$27,550,242$7,140,899$4,617,551$14,683,999
90$30,287,920$7,418,356$4,699,792$15,867,428
91$33,302,559$7,707,126$4,782,506$17,161,985
92$36,622,336$8,007,693$4,865,637$18,578,699
93$40,278,304$8,320,558$4,949,124$20,129,712
94$44,304,675$8,646,250$5,032,904$21,828,394
95$48,739,152$8,985,317$5,116,907$23,689,468
96$53,623,282$9,338,333$5,201,059$25,729,146
97$59,002,843$9,705,898$5,285,282$27,965,281
98$64,928,285$10,088,639$5,369,490$30,417,534
99$71,455,197$10,487,209$5,453,595$33,107,560
100$78,644,837$10,902,293$5,537,501$36,059,206