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%13.9%
1 years$232,873$230,799$228,775$226,800$224,871$221,237
2 years$115,284$113,137$111,056$109,038$107,081$103,430
3 years$76,092$73,936$71,860$69,862$67,937$64,382
4 years$56,501$54,351$52,296$50,332$48,453$45,022
5 years$44,748$42,612$40,584$38,659$36,833$33,536
6 years$36,916$34,796$32,798$30,916$29,145$25,985
7 years$31,324$29,221$27,255$25,418$23,703$20,681
8 years$27,132$25,048$23,114$21,323$19,664$16,780
9 years$23,873$21,809$19,909$18,162$16,560$13,813
10 years$21,267$19,223$17,357$15,656$14,110$11,497
11 years$19,137$17,113$15,281$13,625$12,135$9,653
12 years$17,363$15,360$13,561$11,951$10,516$8,163
13 years$15,863$13,881$12,116$10,551$9,170$6,942
14 years$14,578$12,618$10,886$9,366$8,038$5,931
15 years$13,466$11,526$9,829$8,353$7,078$5,088
16 years$12,494$10,575$8,911$7,479$6,255$4,378
17 years$11,637$9,739$8,109$6,720$5,546$3,778
18 years$10,876$9,000$7,402$6,056$4,931$3,268
19 years$10,196$8,341$6,777$5,472$4,396$2,833
20 years$9,584$7,751$6,219$4,956$3,926$2,459
21 years$9,032$7,219$5,720$4,498$3,513$2,138
22 years$8,530$6,739$5,272$4,090$3,149$1,862
23 years$8,073$6,303$4,868$3,725$2,827$1,622
24 years$7,655$5,905$4,502$3,397$2,541$1,415
25 years$7,270$5,542$4,170$3,102$2,287$1,236
26 years$6,916$5,209$3,867$2,837$2,060$1,080
27 years$6,589$4,902$3,591$2,596$1,857$944
28 years$6,285$4,619$3,338$2,379$1,676$825
29 years$6,003$4,357$3,107$2,181$1,513$722
30 years$5,740$4,115$2,894$2,002$1,367$632
31 years$5,495$3,890$2,698$1,839$1,236$554
32 years$5,265$3,681$2,517$1,690$1,118$485
33 years$5,050$3,486$2,350$1,554$1,012$425
34 years$4,848$3,304$2,196$1,430$916$373
35 years$4,658$3,134$2,053$1,316$830$327
36 years$4,479$2,974$1,921$1,212$752$286
37 years$4,310$2,825$1,798$1,117$681$251
38 years$4,150$2,685$1,683$1,029$618$220
39 years$3,999$2,553$1,577$949$560$193
40 years$3,855$2,429$1,478$875$508$170
41 years$3,719$2,312$1,386$808$461$149
42 years$3,590$2,202$1,300$745$418$131
43 years$3,467$2,098$1,220$688$380$115
44 years$3,351$2,000$1,145$635$345$101
45 years$3,239$1,907$1,075$587$313$88
46 years$3,133$1,819$1,010$542$284$77
47 years$3,032$1,736$949$501$258$68
48 years$2,935$1,657$892$463$234$60
49 years$2,842$1,583$838$428$213$52
50 years$2,753$1,512$788$395$193$46

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 $6,066 every year, while hoping to spend $31,060 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: 28/47/25 Blend
64$2,820,000$2,820,000$2,820,000$2,820,000
65$3,113,897$2,964,437$2,920,727$3,176,648
66$3,398,467$3,076,647$2,985,524$3,338,877
67$3,711,022$3,193,314$3,051,450$3,509,935
68$4,054,384$3,314,624$3,118,511$3,693,084
69$4,431,661$3,440,771$3,186,712$3,889,378
70$4,846,278$3,571,956$3,256,054$4,099,975
71$5,302,007$3,708,391$3,326,541$4,326,144
72$5,803,005$3,850,295$3,398,173$4,569,276
73$6,353,851$3,997,899$3,470,952$4,830,898
74$6,959,590$4,151,442$3,544,874$5,112,683
75$7,625,780$4,311,175$3,619,940$5,416,471
76$8,358,546$4,477,358$3,696,143$5,744,278
77$9,164,634$4,650,265$3,773,480$6,098,320
78$10,051,478$4,830,180$3,851,944$6,481,029
79$11,027,271$5,017,400$3,931,526$6,895,077
80$12,101,036$5,212,237$4,012,215$7,343,400
81$13,282,718$5,415,013$4,094,001$7,829,222
82$14,583,275$5,626,067$4,176,869$8,356,089
83$16,014,778$5,845,754$4,260,804$8,927,895
84$17,590,531$6,074,441$4,345,786$9,548,922
85$19,325,191$6,312,515$4,431,796$10,223,878
86$21,234,910$6,560,378$4,518,811$10,957,940
87$23,337,485$6,818,450$4,606,805$11,756,799
88$25,652,526$7,087,172$4,695,750$12,626,717
89$28,201,641$7,367,001$4,785,616$13,574,578
90$31,008,642$7,658,417$4,876,367$14,607,959
91$34,099,765$7,961,922$4,967,967$15,735,191
92$37,503,922$8,278,037$5,060,376$16,965,444
93$41,252,973$8,607,311$5,153,548$18,308,806
94$45,382,021$8,950,314$5,247,437$19,776,379
95$49,929,751$9,307,644$5,341,990$21,380,380
96$54,938,791$9,679,924$5,437,152$23,134,255
97$60,456,113$10,067,806$5,532,863$25,052,805
98$66,533,480$10,471,971$5,629,057$27,152,320
99$73,227,929$10,893,132$5,725,665$29,450,734
100$80,602,316$11,332,034$5,822,612$31,967,789