Can I retire at age 65 with 2,790,000?

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 $2,790,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.4%
1 years$230,396$228,343$226,341$224,387$222,479$217,542
2 years$114,057$111,933$109,874$107,878$105,942$100,994
3 years$75,283$73,149$71,096$69,119$67,214$62,410
4 years$55,899$53,773$51,740$49,796$47,938$43,313
5 years$44,272$42,158$40,152$38,248$36,441$32,010
6 years$36,524$34,425$32,449$30,587$28,835$24,602
7 years$30,991$28,910$26,965$25,148$23,450$19,416
8 years$26,843$24,782$22,869$21,096$19,454$15,617
9 years$23,619$21,577$19,697$17,969$16,383$12,740
10 years$21,041$19,019$17,172$15,489$13,960$10,507
11 years$18,933$16,931$15,118$13,480$12,006$8,739
12 years$17,178$15,197$13,417$11,824$10,404$7,318
13 years$15,694$13,733$11,987$10,439$9,072$6,162
14 years$14,423$12,483$10,770$9,266$7,953$5,212
15 years$13,323$11,404$9,724$8,264$7,002$4,424
16 years$12,361$10,463$8,816$7,400$6,189$3,768
17 years$11,513$9,636$8,023$6,648$5,487$3,216
18 years$10,760$8,904$7,324$5,992$4,879$2,752
19 years$10,087$8,252$6,704$5,414$4,349$2,359
20 years$9,482$7,668$6,153$4,903$3,884$2,025
21 years$8,936$7,143$5,660$4,450$3,476$1,741
22 years$8,440$6,667$5,216$4,046$3,116$1,498
23 years$7,987$6,236$4,816$3,685$2,797$1,290
24 years$7,573$5,843$4,454$3,361$2,514$1,113
25 years$7,193$5,483$4,125$3,069$2,262$960
26 years$6,843$5,153$3,826$2,806$2,038$829
27 years$6,519$4,850$3,553$2,569$1,837$716
28 years$6,218$4,570$3,303$2,354$1,658$618
29 years$5,939$4,311$3,074$2,158$1,497$535
30 years$5,679$4,071$2,863$1,981$1,353$462
31 years$5,436$3,849$2,669$1,819$1,223$400
32 years$5,209$3,642$2,490$1,672$1,106$346
33 years$4,996$3,449$2,325$1,537$1,001$299
34 years$4,797$3,269$2,173$1,415$906$259
35 years$4,608$3,100$2,031$1,302$821$224
36 years$4,431$2,943$1,900$1,199$744$194
37 years$4,264$2,795$1,778$1,105$674$168
38 years$4,106$2,656$1,665$1,018$611$146
39 years$3,956$2,526$1,560$939$554$126
40 years$3,814$2,403$1,463$866$503$109
41 years$3,680$2,287$1,371$799$456$95
42 years$3,552$2,178$1,286$738$414$82
43 years$3,431$2,076$1,207$681$376$71
44 years$3,315$1,978$1,133$629$341$61
45 years$3,205$1,887$1,064$581$309$53
46 years$3,100$1,800$999$536$281$46
47 years$2,999$1,718$939$495$255$40
48 years$2,903$1,640$882$458$232$35
49 years$2,812$1,566$829$423$210$30
50 years$2,724$1,496$780$391$191$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $2,790,000, adding $5,825 every year, while hoping to spend $50,225 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: 50/40/10 Blend
64$2,790,000$2,790,000$2,790,000$2,790,000
65$3,080,588$2,932,718$2,889,473$3,226,156
66$3,341,370$3,022,983$2,932,832$3,416,598
67$3,627,067$3,115,986$2,975,959$3,617,623
68$3,940,169$3,211,811$3,018,795$3,834,906
69$4,283,416$3,310,540$3,061,275$4,069,985
70$4,659,828$3,412,259$3,103,331$4,324,552
71$5,072,727$3,517,057$3,144,889$4,600,469
72$5,525,777$3,625,024$3,185,875$4,899,784
73$6,023,010$3,736,255$3,226,205$5,224,749
74$6,568,869$3,850,843$3,265,796$5,577,846
75$7,168,249$3,968,890$3,304,555$5,961,801
76$7,826,540$4,090,495$3,342,387$6,379,620
77$8,549,681$4,215,763$3,379,191$6,834,607
78$9,344,215$4,344,802$3,414,861$7,330,401
79$10,217,350$4,477,722$3,449,283$7,871,009
80$11,177,024$4,614,635$3,482,339$8,460,842
81$12,231,987$4,755,659$3,513,903$9,104,754
82$13,391,876$4,900,912$3,543,845$9,808,094
83$14,667,308$5,050,518$3,572,025$10,576,748
84$16,069,983$5,204,602$3,598,297$11,417,202
85$17,612,788$5,363,295$3,622,507$12,336,595
86$19,309,926$5,526,729$3,644,494$13,342,791
87$21,177,041$5,695,042$3,664,087$14,444,452
88$23,231,373$5,868,373$3,681,108$15,651,117
89$25,491,917$6,046,867$3,695,369$16,973,293
90$27,979,601$6,230,672$3,706,672$18,422,553
91$30,717,485$6,419,940$3,714,811$20,011,647
92$33,730,978$6,614,826$3,719,567$21,754,618
93$37,048,078$6,815,493$3,720,712$23,666,937
94$40,699,632$7,022,102$3,718,006$25,765,645
95$44,719,634$7,234,824$3,711,199$28,069,517
96$49,145,537$7,453,832$3,700,025$30,599,237
97$54,018,615$7,679,303$3,684,209$33,377,591
98$59,384,344$7,911,419$3,663,460$36,429,685
99$65,292,836$8,150,368$3,637,475$39,783,177
100$71,799,310$8,396,340$3,605,935$43,468,541