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%15.4%
1 years$232,873$230,799$228,775$226,800$224,871$219,881
2 years$115,284$113,137$111,056$109,038$107,081$102,080
3 years$76,092$73,936$71,860$69,862$67,937$63,081
4 years$56,501$54,351$52,296$50,332$48,453$43,779
5 years$44,748$42,612$40,584$38,659$36,833$32,355
6 years$36,916$34,796$32,798$30,916$29,145$24,866
7 years$31,324$29,221$27,255$25,418$23,703$19,625
8 years$27,132$25,048$23,114$21,323$19,664$15,785
9 years$23,873$21,809$19,909$18,162$16,560$12,877
10 years$21,267$19,223$17,357$15,656$14,110$10,620
11 years$19,137$17,113$15,281$13,625$12,135$8,833
12 years$17,363$15,360$13,561$11,951$10,516$7,397
13 years$15,863$13,881$12,116$10,551$9,170$6,228
14 years$14,578$12,618$10,886$9,366$8,038$5,268
15 years$13,466$11,526$9,829$8,353$7,078$4,472
16 years$12,494$10,575$8,911$7,479$6,255$3,808
17 years$11,637$9,739$8,109$6,720$5,546$3,251
18 years$10,876$9,000$7,402$6,056$4,931$2,782
19 years$10,196$8,341$6,777$5,472$4,396$2,384
20 years$9,584$7,751$6,219$4,956$3,926$2,047
21 years$9,032$7,219$5,720$4,498$3,513$1,759
22 years$8,530$6,739$5,272$4,090$3,149$1,514
23 years$8,073$6,303$4,868$3,725$2,827$1,304
24 years$7,655$5,905$4,502$3,397$2,541$1,124
25 years$7,270$5,542$4,170$3,102$2,287$970
26 years$6,916$5,209$3,867$2,837$2,060$837
27 years$6,589$4,902$3,591$2,596$1,857$723
28 years$6,285$4,619$3,338$2,379$1,676$625
29 years$6,003$4,357$3,107$2,181$1,513$540
30 years$5,740$4,115$2,894$2,002$1,367$467
31 years$5,495$3,890$2,698$1,839$1,236$404
32 years$5,265$3,681$2,517$1,690$1,118$350
33 years$5,050$3,486$2,350$1,554$1,012$303
34 years$4,848$3,304$2,196$1,430$916$262
35 years$4,658$3,134$2,053$1,316$830$227
36 years$4,479$2,974$1,921$1,212$752$196
37 years$4,310$2,825$1,798$1,117$681$170
38 years$4,150$2,685$1,683$1,029$618$147
39 years$3,999$2,553$1,577$949$560$127
40 years$3,855$2,429$1,478$875$508$110
41 years$3,719$2,312$1,386$808$461$96
42 years$3,590$2,202$1,300$745$418$83
43 years$3,467$2,098$1,220$688$380$72
44 years$3,351$2,000$1,145$635$345$62
45 years$3,239$1,907$1,075$587$313$54
46 years$3,133$1,819$1,010$542$284$47
47 years$3,032$1,736$949$501$258$40
48 years$2,935$1,657$892$463$234$35
49 years$2,842$1,583$838$428$213$30
50 years$2,753$1,512$788$395$193$26

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 $4,717 every year, while hoping to spend $53,518 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: 28/45/27 Blend
64$2,820,000$2,820,000$2,820,000$2,820,000
65$3,112,506$2,963,046$2,919,336$3,173,436
66$3,373,038$3,051,292$2,960,191$3,310,570
67$3,658,352$3,142,069$3,000,621$3,452,847
68$3,970,917$3,235,444$3,040,555$3,604,623
69$4,313,456$3,331,485$3,079,918$3,766,751
70$4,688,964$3,430,264$3,118,632$3,940,167
71$5,100,744$3,531,853$3,156,612$4,125,900
72$5,552,431$3,636,325$3,193,769$4,325,082
73$6,048,030$3,743,755$3,230,011$4,538,959
74$6,591,951$3,854,221$3,265,238$4,768,900
75$7,189,053$3,967,801$3,299,347$5,016,412
76$7,844,689$4,084,576$3,332,227$5,283,154
77$8,564,753$4,204,626$3,363,763$5,570,953
78$9,355,741$4,328,036$3,393,832$5,881,817
79$10,224,807$4,454,890$3,422,306$6,217,958
80$11,179,833$4,585,276$3,449,049$6,581,813
81$12,229,504$4,719,282$3,473,920$6,976,061
82$13,383,384$4,856,997$3,496,767$7,403,657
83$14,652,014$4,998,515$3,517,434$7,867,852
84$16,047,005$5,143,928$3,535,753$8,372,226
85$17,581,151$5,293,332$3,551,552$8,920,724
86$19,268,546$5,446,823$3,564,647$9,517,689
87$21,124,721$5,604,500$3,574,845$10,167,906
88$23,166,784$5,766,463$3,581,945$10,876,646
89$25,413,590$5,932,813$3,585,733$11,649,715
90$27,885,909$6,103,653$3,585,988$12,493,508
91$30,606,629$6,279,090$3,582,476$13,415,074
92$33,600,967$6,459,227$3,574,952$14,422,173
93$36,896,711$6,644,174$3,563,157$15,523,361
94$40,524,476$6,834,040$3,546,824$16,728,060
95$44,517,999$7,028,934$3,525,669$18,046,653
96$48,914,452$7,228,969$3,499,396$19,490,581
97$53,754,796$7,434,258$3,467,695$21,072,449
98$59,084,163$7,644,914$3,430,241$22,806,147
99$64,952,286$7,861,054$3,386,693$24,706,981
100$71,413,967$8,082,793$3,336,694$26,791,815