Can I retire at age 65 with 2,840,000?

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 $2,840,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.1%
1 years$234,525$232,436$230,397$228,408$226,466$220,812
2 years$116,101$113,939$111,843$109,812$107,841$102,180
3 years$76,632$74,460$72,370$70,357$68,419$62,929
4 years$56,901$54,736$52,667$50,689$48,797$43,519
5 years$45,066$42,914$40,872$38,934$37,094$32,045
6 years$37,178$35,042$33,030$31,136$29,352$24,534
7 years$31,546$29,429$27,448$25,598$23,871$19,286
8 years$27,324$25,226$23,278$21,474$19,803$15,449
9 years$24,042$21,964$20,050$18,291$16,677$12,551
10 years$21,418$19,360$17,480$15,767$14,210$10,306
11 years$19,273$17,235$15,389$13,722$12,221$8,534
12 years$17,486$15,469$13,657$12,036$10,590$7,113
13 years$15,975$13,980$12,202$10,626$9,235$5,962
14 years$14,682$12,707$10,963$9,433$8,095$5,018
15 years$13,561$11,608$9,899$8,412$7,128$4,239
16 years$12,582$10,650$8,974$7,532$6,300$3,592
17 years$11,719$9,808$8,166$6,768$5,586$3,051
18 years$10,953$9,063$7,455$6,099$4,966$2,597
19 years$10,268$8,400$6,825$5,511$4,427$2,215
20 years$9,652$7,806$6,263$4,991$3,954$1,891
21 years$9,096$7,271$5,761$4,530$3,538$1,617
22 years$8,591$6,787$5,310$4,119$3,172$1,384
23 years$8,131$6,348$4,903$3,751$2,847$1,186
24 years$7,709$5,947$4,534$3,421$2,559$1,017
25 years$7,322$5,581$4,199$3,124$2,303$872
26 years$6,965$5,245$3,895$2,857$2,074$749
27 years$6,635$4,937$3,617$2,615$1,870$643
28 years$6,330$4,652$3,362$2,396$1,687$552
29 years$6,046$4,388$3,129$2,197$1,524$475
30 years$5,781$4,144$2,914$2,016$1,377$408
31 years$5,534$3,918$2,717$1,852$1,245$351
32 years$5,303$3,707$2,535$1,702$1,126$302
33 years$5,086$3,511$2,367$1,565$1,019$260
34 years$4,882$3,327$2,211$1,440$923$223
35 years$4,691$3,156$2,068$1,326$836$192
36 years$4,511$2,995$1,934$1,221$757$166
37 years$4,340$2,845$1,810$1,125$686$142
38 years$4,179$2,704$1,695$1,037$622$123
39 years$4,027$2,571$1,588$956$564$106
40 years$3,883$2,446$1,489$882$512$91
41 years$3,746$2,328$1,396$813$464$78
42 years$3,616$2,217$1,309$751$421$67
43 years$3,492$2,113$1,229$693$382$58
44 years$3,374$2,014$1,153$640$347$50
45 years$3,262$1,920$1,083$591$315$43
46 years$3,155$1,832$1,017$546$286$37
47 years$3,053$1,748$956$504$260$32
48 years$2,955$1,669$898$466$236$27
49 years$2,862$1,594$844$431$214$24
50 years$2,773$1,522$794$398$195$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $2,840,000, adding $3,153 every year, while hoping to spend $21,429 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: 51/30/19 Blend
64$2,840,000$2,840,000$2,840,000$2,840,000
65$3,132,932$2,982,412$2,938,392$3,276,095
66$3,429,691$3,105,750$3,014,028$3,498,451
67$3,756,001$3,234,413$3,091,480$3,737,595
68$4,114,854$3,368,640$3,170,785$3,997,145
69$4,509,546$3,508,680$3,251,983$4,279,041
70$4,943,707$3,654,794$3,335,112$4,585,412
71$5,421,341$3,807,254$3,420,214$4,918,601
72$5,946,854$3,966,346$3,507,327$5,281,183
73$6,525,105$4,132,368$3,596,494$5,675,992
74$7,161,444$4,305,633$3,687,756$6,106,140
75$7,861,770$4,486,468$3,781,154$6,575,053
76$8,632,580$4,675,214$3,876,732$7,086,499
77$9,481,033$4,872,229$3,974,532$7,644,624
78$10,415,018$5,077,888$4,074,599$8,253,986
79$11,443,227$5,292,582$4,176,975$8,919,604
80$12,575,239$5,516,721$4,281,707$9,646,998
81$13,821,607$5,750,735$4,388,838$10,442,244
82$15,193,961$5,995,071$4,498,414$11,312,027
83$16,705,116$6,250,200$4,610,482$12,263,708
84$18,369,192$6,516,614$4,725,087$13,305,385
85$20,201,748$6,794,827$4,842,276$14,445,976
86$22,219,930$7,085,377$4,962,096$15,695,294
87$24,442,632$7,388,829$5,084,595$17,064,145
88$26,890,671$7,705,773$5,209,820$18,564,425
89$29,586,990$8,036,826$5,337,819$20,209,230
90$32,556,867$8,382,634$5,468,640$22,012,983
91$35,828,160$8,743,876$5,602,332$23,991,560
92$39,431,565$9,121,259$5,738,943$26,162,448
93$43,400,909$9,515,525$5,878,522$28,544,901
94$47,773,467$9,927,451$6,021,118$31,160,121
95$52,590,314$10,357,849$6,166,779$34,031,459
96$57,896,714$10,807,572$6,315,554$37,184,633
97$63,742,546$11,277,510$6,467,492$40,647,966
98$70,182,775$11,768,597$6,622,642$44,452,651
99$77,277,969$12,281,809$6,781,051$48,633,047
100$85,094,874$12,818,170$6,942,769$53,226,999