Can I retire at age 65 with 2,820,000?

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 $2,820,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.9%
1 years$232,873$230,799$228,775$226,800$224,871$218,549
2 years$115,284$113,137$111,056$109,038$107,081$100,760
3 years$76,092$73,936$71,860$69,862$67,937$61,814
4 years$56,501$54,351$52,296$50,332$48,453$42,577
5 years$44,748$42,612$40,584$38,659$36,833$31,219
6 years$36,916$34,796$32,798$30,916$29,145$23,798
7 years$31,324$29,221$27,255$25,418$23,703$18,623
8 years$27,132$25,048$23,114$21,323$19,664$14,848
9 years$23,873$21,809$19,909$18,162$16,560$12,004
10 years$21,267$19,223$17,357$15,656$14,110$9,808
11 years$19,137$17,113$15,281$13,625$12,135$8,080
12 years$17,363$15,360$13,561$11,951$10,516$6,700
13 years$15,863$13,881$12,116$10,551$9,170$5,585
14 years$14,578$12,618$10,886$9,366$8,038$4,675
15 years$13,466$11,526$9,829$8,353$7,078$3,927
16 years$12,494$10,575$8,911$7,479$6,255$3,309
17 years$11,637$9,739$8,109$6,720$5,546$2,794
18 years$10,876$9,000$7,402$6,056$4,931$2,364
19 years$10,196$8,341$6,777$5,472$4,396$2,004
20 years$9,584$7,751$6,219$4,956$3,926$1,701
21 years$9,032$7,219$5,720$4,498$3,513$1,445
22 years$8,530$6,739$5,272$4,090$3,149$1,230
23 years$8,073$6,303$4,868$3,725$2,827$1,047
24 years$7,655$5,905$4,502$3,397$2,541$892
25 years$7,270$5,542$4,170$3,102$2,287$760
26 years$6,916$5,209$3,867$2,837$2,060$648
27 years$6,589$4,902$3,591$2,596$1,857$553
28 years$6,285$4,619$3,338$2,379$1,676$472
29 years$6,003$4,357$3,107$2,181$1,513$403
30 years$5,740$4,115$2,894$2,002$1,367$344
31 years$5,495$3,890$2,698$1,839$1,236$294
32 years$5,265$3,681$2,517$1,690$1,118$251
33 years$5,050$3,486$2,350$1,554$1,012$215
34 years$4,848$3,304$2,196$1,430$916$184
35 years$4,658$3,134$2,053$1,316$830$157
36 years$4,479$2,974$1,921$1,212$752$134
37 years$4,310$2,825$1,798$1,117$681$115
38 years$4,150$2,685$1,683$1,029$618$98
39 years$3,999$2,553$1,577$949$560$84
40 years$3,855$2,429$1,478$875$508$72
41 years$3,719$2,312$1,386$808$461$61
42 years$3,590$2,202$1,300$745$418$52
43 years$3,467$2,098$1,220$688$380$45
44 years$3,351$2,000$1,145$635$345$38
45 years$3,239$1,907$1,075$587$313$33
46 years$3,133$1,819$1,010$542$284$28
47 years$3,032$1,736$949$501$258$24
48 years$2,935$1,657$892$463$234$21
49 years$2,842$1,583$838$428$213$18
50 years$2,753$1,512$788$395$193$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $2,820,000, adding $2,260 every year, while hoping to spend $44,361 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: 63/24/13 Blend
64$2,820,000$2,820,000$2,820,000$2,820,000
65$3,109,971$2,960,511$2,916,801$3,296,166
66$3,379,988$3,058,376$2,967,314$3,519,035
67$3,676,061$3,159,550$3,018,033$3,756,991
68$4,000,799$3,264,148$3,068,917$4,015,737
69$4,357,078$3,372,289$3,119,923$4,297,294
70$4,748,066$3,484,098$3,171,007$4,603,884
71$5,177,252$3,599,701$3,222,118$4,937,958
72$5,648,478$3,719,233$3,273,206$5,302,208
73$6,165,979$3,842,832$3,324,215$5,699,602
74$6,734,418$3,970,639$3,375,084$6,133,406
75$7,358,931$4,102,804$3,425,753$6,607,216
76$8,045,180$4,239,479$3,476,153$7,124,989
77$8,799,398$4,380,823$3,526,214$7,691,087
78$9,628,456$4,527,002$3,575,862$8,310,309
79$10,539,920$4,678,187$3,625,015$8,987,942
80$11,542,129$4,834,555$3,673,589$9,729,807
81$12,644,267$4,996,290$3,721,496$10,542,317
82$13,856,457$5,163,582$3,768,640$11,432,534
83$15,189,847$5,336,630$3,814,921$12,408,234
84$16,656,724$5,515,637$3,860,234$13,477,986
85$18,270,625$5,700,818$3,904,467$14,651,225
86$20,046,463$5,892,393$3,947,501$15,938,347
87$22,000,672$6,090,590$3,989,212$17,350,800
88$24,151,359$6,295,646$4,029,468$18,901,199
89$26,518,474$6,507,810$4,068,132$20,603,438
90$29,124,000$6,727,335$4,105,057$22,472,823
91$31,992,161$6,954,487$4,140,089$24,526,218
92$35,149,646$7,189,541$4,173,066$26,782,201
93$38,625,864$7,432,782$4,203,818$29,261,238
94$42,453,221$7,684,508$4,232,165$31,985,878
95$46,667,426$7,945,025$4,257,919$34,980,964
96$51,307,824$8,214,652$4,280,880$38,273,868
97$56,417,774$8,493,722$4,300,841$41,894,745
98$62,045,050$8,782,577$4,317,582$45,876,821
99$68,242,296$9,081,575$4,330,873$50,256,706
100$75,067,525$9,391,086$4,340,471$55,074,733