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

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 $2,810,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$232,047$229,980$227,964$225,995$224,073$217,949
2 years$114,875$112,735$110,662$108,652$106,702$100,577
3 years$75,822$73,674$71,606$69,614$67,696$61,761
4 years$56,300$54,158$52,111$50,153$48,281$42,583
5 years$44,590$42,461$40,440$38,522$36,703$31,256
6 years$36,785$34,672$32,681$30,807$29,042$23,852
7 years$31,213$29,118$27,158$25,328$23,619$18,687
8 years$27,036$24,959$23,033$21,247$19,594$14,917
9 years$23,788$21,732$19,838$18,098$16,501$12,074
10 years$21,192$19,155$17,295$15,600$14,060$9,877
11 years$19,069$17,053$15,226$13,577$12,092$8,147
12 years$17,301$15,306$13,513$11,909$10,478$6,765
13 years$15,807$13,832$12,073$10,514$9,137$5,647
14 years$14,527$12,573$10,848$9,333$8,010$4,733
15 years$13,418$11,485$9,794$8,323$7,052$3,982
16 years$12,449$10,538$8,880$7,453$6,233$3,360
17 years$11,595$9,705$8,080$6,696$5,527$2,841
18 years$10,837$8,968$7,376$6,035$4,914$2,408
19 years$10,159$8,311$6,752$5,453$4,380$2,044
20 years$9,550$7,723$6,197$4,938$3,912$1,737
21 years$9,000$7,194$5,700$4,482$3,501$1,479
22 years$8,500$6,715$5,254$4,075$3,138$1,260
23 years$8,045$6,281$4,851$3,711$2,817$1,074
24 years$7,628$5,884$4,486$3,385$2,532$917
25 years$7,245$5,522$4,155$3,091$2,278$783
26 years$6,892$5,190$3,854$2,827$2,052$669
27 years$6,565$4,884$3,578$2,587$1,850$571
28 years$6,263$4,603$3,327$2,370$1,670$489
29 years$5,982$4,342$3,096$2,174$1,508$418
30 years$5,720$4,101$2,883$1,995$1,362$357
31 years$5,475$3,876$2,688$1,832$1,232$306
32 years$5,247$3,668$2,508$1,684$1,114$262
33 years$5,032$3,474$2,342$1,548$1,008$224
34 years$4,831$3,292$2,188$1,425$913$192
35 years$4,641$3,123$2,046$1,312$827$164
36 years$4,463$2,964$1,914$1,208$749$141
37 years$4,294$2,815$1,791$1,113$679$120
38 years$4,135$2,675$1,677$1,026$616$103
39 years$3,985$2,544$1,572$946$558$88
40 years$3,842$2,420$1,473$872$506$76
41 years$3,706$2,304$1,381$805$459$65
42 years$3,578$2,194$1,296$743$417$56
43 years$3,455$2,090$1,216$686$378$48
44 years$3,339$1,993$1,141$633$343$41
45 years$3,228$1,900$1,072$585$312$35
46 years$3,122$1,813$1,006$540$283$30
47 years$3,021$1,730$946$499$257$26
48 years$2,924$1,651$889$461$233$22
49 years$2,832$1,577$835$426$212$19
50 years$2,744$1,506$785$394$193$16

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 $4,529 every year, while hoping to spend $22,959 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: 32/39/29 Blend
64$2,810,000$2,810,000$2,810,000$2,810,000
65$3,101,292$2,952,362$2,908,807$3,173,006
66$3,393,195$3,072,599$2,981,823$3,348,806
67$3,714,103$3,197,959$3,056,517$3,535,691
68$4,066,951$3,328,667$3,132,919$3,736,541
69$4,454,969$3,464,962$3,211,061$3,952,602
70$4,881,722$3,607,090$3,290,977$4,185,242
71$5,351,131$3,755,312$3,372,699$4,435,961
72$5,867,522$3,909,898$3,456,260$4,706,403
73$6,435,659$4,071,132$3,541,694$4,998,376
74$7,060,788$4,239,310$3,629,033$5,313,861
75$7,748,695$4,414,743$3,718,312$5,655,034
76$8,505,752$4,597,754$3,809,565$6,024,287
77$9,338,978$4,788,684$3,902,826$6,424,243
78$10,256,112$4,987,888$3,998,128$6,857,787
79$11,265,676$5,195,735$4,095,507$7,328,087
80$12,377,065$5,412,616$4,194,996$7,838,625
81$13,600,628$5,638,936$4,296,630$8,393,226
82$14,947,768$5,875,120$4,400,443$8,996,096
83$16,431,053$6,121,614$4,506,471$9,651,861
84$18,064,329$6,378,882$4,614,746$10,365,602
85$19,862,855$6,647,411$4,725,305$11,142,911
86$21,843,443$6,927,711$4,838,179$11,989,934
87$24,024,620$7,220,315$4,953,404$12,913,435
88$26,426,802$7,525,781$5,071,014$13,920,849
89$29,072,484$7,844,692$5,191,041$15,020,359
90$31,986,454$8,177,659$5,313,518$16,220,967
91$35,196,030$8,525,322$5,438,478$17,532,577
92$38,731,312$8,888,350$5,565,954$18,966,086
93$42,625,470$9,267,443$5,695,977$20,533,488
94$46,915,053$9,663,333$5,828,578$22,247,981
95$51,640,341$10,076,788$5,963,787$24,124,092
96$56,845,716$10,508,611$6,101,635$26,177,810
97$62,580,088$10,959,643$6,242,149$28,426,734
98$68,897,354$11,430,762$6,385,358$30,890,240
99$75,856,905$11,922,890$6,531,288$33,589,656
100$83,524,188$12,436,991$6,679,965$36,548,463