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

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 $2,830,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$233,699$231,617$229,586$227,604$225,668$224,340
2 years$115,692$113,538$111,450$109,425$107,461$106,121
3 years$76,362$74,198$72,115$70,110$68,178$66,867
4 years$56,701$54,544$52,481$50,510$48,625$47,354
5 years$44,907$42,763$40,728$38,797$36,964$35,737
6 years$37,047$34,919$32,914$31,026$29,248$28,066
7 years$31,435$29,325$27,352$25,508$23,787$22,651
8 years$27,228$25,137$23,196$21,398$19,733$18,643
9 years$23,958$21,886$19,979$18,226$16,618$15,573
10 years$21,343$19,292$17,418$15,711$14,160$13,160
11 years$19,205$17,174$15,335$13,674$12,178$11,222
12 years$17,424$15,415$13,609$11,994$10,553$9,641
13 years$15,919$13,930$12,159$10,589$9,202$8,333
14 years$14,630$12,662$10,925$9,399$8,067$7,239
15 years$13,514$11,567$9,864$8,383$7,103$6,315
16 years$12,538$10,613$8,943$7,506$6,277$5,529
17 years$11,678$9,774$8,138$6,744$5,566$4,856
18 years$10,914$9,032$7,429$6,077$4,949$4,276
19 years$10,232$8,370$6,801$5,492$4,411$3,774
20 years$9,618$7,778$6,241$4,974$3,940$3,337
21 years$9,064$7,245$5,741$4,514$3,526$2,956
22 years$8,561$6,763$5,291$4,104$3,160$2,623
23 years$8,102$6,325$4,885$3,738$2,837$2,330
24 years$7,682$5,926$4,518$3,409$2,550$2,072
25 years$7,296$5,562$4,185$3,113$2,295$1,845
26 years$6,941$5,227$3,881$2,847$2,067$1,644
27 years$6,612$4,919$3,604$2,606$1,863$1,466
28 years$6,307$4,635$3,350$2,387$1,681$1,308
29 years$6,024$4,373$3,118$2,189$1,518$1,168
30 years$5,761$4,130$2,904$2,009$1,372$1,044
31 years$5,514$3,904$2,707$1,845$1,240$933
32 years$5,284$3,694$2,526$1,696$1,122$835
33 years$5,068$3,498$2,359$1,559$1,015$747
34 years$4,865$3,316$2,204$1,435$919$668
35 years$4,674$3,145$2,060$1,321$833$598
36 years$4,495$2,985$1,927$1,216$754$536
37 years$4,325$2,835$1,804$1,121$684$480
38 years$4,165$2,694$1,689$1,033$620$430
39 years$4,013$2,562$1,583$953$562$385
40 years$3,869$2,437$1,483$879$510$345
41 years$3,733$2,320$1,391$811$463$310
42 years$3,603$2,210$1,305$748$420$278
43 years$3,480$2,105$1,224$691$381$249
44 years$3,362$2,007$1,149$638$346$223
45 years$3,251$1,914$1,079$589$314$200
46 years$3,144$1,826$1,014$544$285$180
47 years$3,042$1,742$952$503$259$161
48 years$2,945$1,663$895$464$235$144
49 years$2,852$1,588$841$429$213$130
50 years$2,763$1,517$791$397$194$116

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 $4,798 every year, while hoping to spend $35,042 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: 36/34/30 Blend
64$2,830,000$2,830,000$2,830,000$2,830,000
65$3,123,609$2,973,619$2,929,754$3,207,826
66$3,404,933$3,082,042$2,990,616$3,379,652
67$3,713,777$3,194,603$3,052,343$3,561,535
68$4,052,912$3,311,468$3,114,926$3,757,239
69$4,425,389$3,432,810$3,178,357$3,968,032
70$4,834,570$3,558,809$3,242,623$4,195,308
71$5,284,158$3,689,652$3,307,712$4,440,600
72$5,778,232$3,825,535$3,373,610$4,705,592
73$6,321,287$3,966,662$3,440,302$4,992,134
74$6,918,274$4,113,245$3,507,768$5,302,262
75$7,574,649$4,265,505$3,575,989$5,638,211
76$8,296,421$4,423,673$3,644,943$6,002,443
77$9,090,213$4,587,989$3,714,605$6,397,662
78$9,963,320$4,758,706$3,784,950$6,826,843
79$10,923,779$4,936,083$3,855,946$7,293,261
80$11,980,448$5,120,395$3,927,564$7,800,515
81$13,143,084$5,311,924$3,999,767$8,352,569
82$14,422,439$5,510,968$4,072,519$8,953,781
83$15,830,358$5,717,837$4,145,780$9,608,949
84$17,379,896$5,932,852$4,219,505$10,323,354
85$19,085,434$6,156,350$4,293,647$11,102,806
86$20,962,820$6,388,683$4,368,155$11,953,701
87$23,029,515$6,630,216$4,442,976$12,883,083
88$25,304,760$6,881,331$4,518,051$13,898,701
89$27,809,757$7,142,428$4,593,317$15,009,090
90$30,567,867$7,413,922$4,668,707$16,223,645
91$33,604,832$7,696,246$4,744,151$17,552,711
92$36,949,017$7,989,854$4,819,573$19,007,681
93$40,631,678$8,295,219$4,894,890$20,601,097
94$44,687,258$8,612,833$4,970,017$22,346,772
95$49,153,708$8,943,211$5,044,862$24,259,917
96$54,072,848$9,286,891$5,119,327$26,357,287
97$59,490,763$9,644,433$5,193,309$28,657,330
98$65,458,234$10,016,423$5,266,698$31,180,368
99$72,031,218$10,403,472$5,339,377$33,948,782
100$79,271,378$10,806,218$5,411,222$36,987,225