Can I retire at age 65 with 2,830,000?

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 $2,830,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$233,699$231,617$229,586$227,604$225,668$221,293
2 years$115,692$113,538$111,450$109,425$107,461$103,071
3 years$76,362$74,198$72,115$70,110$68,178$63,909
4 years$56,701$54,544$52,481$50,510$48,625$44,511
5 years$44,907$42,763$40,728$38,797$36,964$33,017
6 years$37,047$34,919$32,914$31,026$29,248$25,472
7 years$31,435$29,325$27,352$25,508$23,787$20,182
8 years$27,228$25,137$23,196$21,398$19,733$16,300
9 years$23,958$21,886$19,979$18,226$16,618$13,353
10 years$21,343$19,292$17,418$15,711$14,160$11,060
11 years$19,205$17,174$15,335$13,674$12,178$9,240
12 years$17,424$15,415$13,609$11,994$10,553$7,773
13 years$15,919$13,930$12,159$10,589$9,202$6,575
14 years$14,630$12,662$10,925$9,399$8,067$5,588
15 years$13,514$11,567$9,864$8,383$7,103$4,767
16 years$12,538$10,613$8,943$7,506$6,277$4,079
17 years$11,678$9,774$8,138$6,744$5,566$3,500
18 years$10,914$9,032$7,429$6,077$4,949$3,010
19 years$10,232$8,370$6,801$5,492$4,411$2,594
20 years$9,618$7,778$6,241$4,974$3,940$2,238
21 years$9,064$7,245$5,741$4,514$3,526$1,934
22 years$8,561$6,763$5,291$4,104$3,160$1,674
23 years$8,102$6,325$4,885$3,738$2,837$1,450
24 years$7,682$5,926$4,518$3,409$2,550$1,257
25 years$7,296$5,562$4,185$3,113$2,295$1,090
26 years$6,941$5,227$3,881$2,847$2,067$946
27 years$6,612$4,919$3,604$2,606$1,863$822
28 years$6,307$4,635$3,350$2,387$1,681$714
29 years$6,024$4,373$3,118$2,189$1,518$621
30 years$5,761$4,130$2,904$2,009$1,372$540
31 years$5,514$3,904$2,707$1,845$1,240$470
32 years$5,284$3,694$2,526$1,696$1,122$409
33 years$5,068$3,498$2,359$1,559$1,015$356
34 years$4,865$3,316$2,204$1,435$919$310
35 years$4,674$3,145$2,060$1,321$833$270
36 years$4,495$2,985$1,927$1,216$754$235
37 years$4,325$2,835$1,804$1,121$684$205
38 years$4,165$2,694$1,689$1,033$620$178
39 years$4,013$2,562$1,583$953$562$155
40 years$3,869$2,437$1,483$879$510$135
41 years$3,733$2,320$1,391$811$463$118
42 years$3,603$2,210$1,305$748$420$103
43 years$3,480$2,105$1,224$691$381$90
44 years$3,362$2,007$1,149$638$346$78
45 years$3,251$1,914$1,079$589$314$68
46 years$3,144$1,826$1,014$544$285$59
47 years$3,042$1,742$952$503$259$52
48 years$2,945$1,663$895$464$235$45
49 years$2,852$1,588$841$429$213$39
50 years$2,763$1,517$791$397$194$34

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $2,830,000, adding $3,403 every year, while hoping to spend $43,520 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: 48/36/16 Blend
64$2,830,000$2,830,000$2,830,000$2,830,000
65$3,122,170$2,972,180$2,928,315$3,257,891
66$3,394,327$3,071,512$2,980,109$3,451,512
67$3,692,784$3,174,253$3,032,179$3,656,898
68$4,020,180$3,280,523$3,084,489$3,878,968
69$4,379,419$3,390,448$3,136,999$4,119,297
70$4,773,698$3,504,160$3,189,668$4,379,622
71$5,206,544$3,621,791$3,242,449$4,661,849
72$5,681,836$3,743,484$3,295,296$4,968,077
73$6,203,850$3,869,382$3,348,156$5,300,613
74$6,777,299$3,999,637$3,400,975$5,661,998
75$7,407,369$4,134,405$3,453,694$6,055,027
76$8,099,779$4,273,849$3,506,250$6,482,772
77$8,860,825$4,418,136$3,558,578$6,948,620
78$9,697,446$4,567,442$3,610,608$7,456,295
79$10,617,287$4,721,948$3,662,264$8,009,895
80$11,628,768$4,881,841$3,713,468$8,613,935
81$12,741,169$5,047,318$3,764,136$9,273,381
82$13,964,711$5,218,580$3,814,178$9,993,704
83$15,310,660$5,395,839$3,863,501$10,780,925
84$16,791,424$5,579,311$3,912,005$11,641,675
85$18,420,677$5,769,225$3,959,584$12,583,255
86$20,213,484$5,965,816$4,006,129$13,613,705
87$22,186,446$6,169,327$4,051,520$14,741,877
88$24,357,851$6,380,012$4,095,634$15,977,523
89$26,747,855$6,598,135$4,138,341$17,331,381
90$29,378,662$6,823,970$4,179,501$18,815,278
91$32,274,741$7,057,800$4,218,970$20,442,239
92$35,463,053$7,299,921$4,256,594$22,226,612
93$38,973,306$7,550,638$4,292,211$24,184,201
94$42,838,235$7,810,271$4,325,652$26,332,414
95$47,093,911$8,079,150$4,356,737$28,690,426
96$51,780,080$8,357,619$4,385,278$31,279,360
97$56,940,539$8,646,034$4,411,077$34,122,486
98$62,623,551$8,944,766$4,433,925$37,245,438
99$68,882,295$9,254,202$4,453,603$40,676,456
100$75,775,372$9,574,740$4,469,881$44,446,650