Can I retire at age 65 with 2,810,000?

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 $2,810,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$232,047$229,980$227,964$225,995$224,073$222,475
2 years$114,875$112,735$110,662$108,652$106,702$105,090
3 years$75,822$73,674$71,606$69,614$67,696$66,120
4 years$56,300$54,158$52,111$50,153$48,281$46,755
5 years$44,590$42,461$40,440$38,522$36,703$35,229
6 years$36,785$34,672$32,681$30,807$29,042$27,623
7 years$31,213$29,118$27,158$25,328$23,619$22,256
8 years$27,036$24,959$23,033$21,247$19,594$18,287
9 years$23,788$21,732$19,838$18,098$16,501$15,249
10 years$21,192$19,155$17,295$15,600$14,060$12,863
11 years$19,069$17,053$15,226$13,577$12,092$10,949
12 years$17,301$15,306$13,513$11,909$10,478$9,388
13 years$15,807$13,832$12,073$10,514$9,137$8,099
14 years$14,527$12,573$10,848$9,333$8,010$7,022
15 years$13,418$11,485$9,794$8,323$7,052$6,113
16 years$12,449$10,538$8,880$7,453$6,233$5,342
17 years$11,595$9,705$8,080$6,696$5,527$4,682
18 years$10,837$8,968$7,376$6,035$4,914$4,114
19 years$10,159$8,311$6,752$5,453$4,380$3,623
20 years$9,550$7,723$6,197$4,938$3,912$3,197
21 years$9,000$7,194$5,700$4,482$3,501$2,826
22 years$8,500$6,715$5,254$4,075$3,138$2,501
23 years$8,045$6,281$4,851$3,711$2,817$2,217
24 years$7,628$5,884$4,486$3,385$2,532$1,967
25 years$7,245$5,522$4,155$3,091$2,278$1,747
26 years$6,892$5,190$3,854$2,827$2,052$1,553
27 years$6,565$4,884$3,578$2,587$1,850$1,382
28 years$6,263$4,603$3,327$2,370$1,670$1,230
29 years$5,982$4,342$3,096$2,174$1,508$1,096
30 years$5,720$4,101$2,883$1,995$1,362$977
31 years$5,475$3,876$2,688$1,832$1,232$871
32 years$5,247$3,668$2,508$1,684$1,114$777
33 years$5,032$3,474$2,342$1,548$1,008$694
34 years$4,831$3,292$2,188$1,425$913$619
35 years$4,641$3,123$2,046$1,312$827$553
36 years$4,463$2,964$1,914$1,208$749$494
37 years$4,294$2,815$1,791$1,113$679$441
38 years$4,135$2,675$1,677$1,026$616$394
39 years$3,985$2,544$1,572$946$558$353
40 years$3,842$2,420$1,473$872$506$315
41 years$3,706$2,304$1,381$805$459$282
42 years$3,578$2,194$1,296$743$417$252
43 years$3,455$2,090$1,216$686$378$225
44 years$3,339$1,993$1,141$633$343$202
45 years$3,228$1,900$1,072$585$312$180
46 years$3,122$1,813$1,006$540$283$161
47 years$3,021$1,730$946$499$257$144
48 years$2,924$1,651$889$461$233$129
49 years$2,832$1,577$835$426$212$116
50 years$2,744$1,506$785$394$193$103

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $2,810,000, adding $5,695 every year, while hoping to spend $22,948 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: 65/21/14 Blend
64$2,810,000$2,810,000$2,810,000$2,810,000
65$3,102,494$2,953,564$2,910,009$3,293,529
66$3,394,532$3,073,873$2,983,078$3,542,253
67$3,715,589$3,199,307$3,057,826$3,810,736
68$4,068,600$3,330,094$3,134,284$4,103,536
69$4,456,800$3,466,471$3,212,485$4,423,027
70$4,883,752$3,608,687$3,292,462$4,771,822
71$5,353,383$3,757,000$3,374,247$5,152,795
72$5,870,018$3,911,683$3,457,874$5,569,109
73$6,438,423$4,073,019$3,543,376$6,024,244
74$7,063,850$4,241,304$3,630,787$6,522,034
75$7,752,084$4,416,850$3,720,141$7,066,697
76$8,509,502$4,599,981$3,811,471$7,662,874
77$9,343,128$4,791,037$3,904,811$8,315,679
78$10,260,702$4,990,372$4,000,197$9,030,738
79$11,270,752$5,198,359$4,097,663$9,814,247
80$12,382,676$5,415,387$4,197,242$10,673,029
81$13,606,830$5,641,861$4,298,970$11,614,596
82$14,954,622$5,878,208$4,402,881$12,647,219
83$16,438,626$6,124,872$4,509,010$13,780,007
84$18,072,695$6,382,321$4,617,391$15,022,991
85$19,872,095$6,651,039$4,728,059$16,387,220
86$21,853,647$6,931,539$4,841,048$17,884,858
87$24,035,888$7,224,353$4,956,392$19,529,306
88$26,439,242$7,530,040$5,074,124$21,335,323
89$29,086,217$7,849,184$5,194,279$23,319,164
90$32,001,613$8,182,396$5,316,889$25,498,734
91$35,212,760$8,530,316$5,441,988$27,893,754
92$38,749,775$8,893,615$5,569,608$30,525,950
93$42,645,843$9,272,992$5,699,780$33,419,251
94$46,937,532$9,669,183$5,832,537$36,600,018
95$51,665,141$10,082,953$5,967,907$40,097,289
96$56,873,076$10,515,108$6,105,922$43,943,055
97$62,610,269$10,966,488$6,246,611$48,172,556
98$68,930,645$11,437,974$6,390,000$52,824,616
99$75,893,624$11,930,489$6,536,119$57,942,004
100$83,564,687$12,444,996$6,684,992$63,571,841