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

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 $2,840,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$234,525$232,436$230,397$228,408$226,466$221,621
2 years$116,101$113,939$111,843$109,812$107,841$102,984
3 years$76,632$74,460$72,370$70,357$68,419$63,701
4 years$56,901$54,736$52,667$50,689$48,797$44,254
5 years$45,066$42,914$40,872$38,934$37,094$32,740
6 years$37,178$35,042$33,030$31,136$29,352$25,190
7 years$31,546$29,429$27,448$25,598$23,871$19,903
8 years$27,324$25,226$23,278$21,474$19,803$16,027
9 years$24,042$21,964$20,050$18,291$16,677$13,091
10 years$21,418$19,360$17,480$15,767$14,210$10,809
11 years$19,273$17,235$15,389$13,722$12,221$9,002
12 years$17,486$15,469$13,657$12,036$10,590$7,548
13 years$15,975$13,980$12,202$10,626$9,235$6,364
14 years$14,682$12,707$10,963$9,433$8,095$5,390
15 years$13,561$11,608$9,899$8,412$7,128$4,582
16 years$12,582$10,650$8,974$7,532$6,300$3,907
17 years$11,719$9,808$8,166$6,768$5,586$3,341
18 years$10,953$9,063$7,455$6,099$4,966$2,862
19 years$10,268$8,400$6,825$5,511$4,427$2,457
20 years$9,652$7,806$6,263$4,991$3,954$2,113
21 years$9,096$7,271$5,761$4,530$3,538$1,819
22 years$8,591$6,787$5,310$4,119$3,172$1,568
23 years$8,131$6,348$4,903$3,751$2,847$1,353
24 years$7,709$5,947$4,534$3,421$2,559$1,168
25 years$7,322$5,581$4,199$3,124$2,303$1,009
26 years$6,965$5,245$3,895$2,857$2,074$873
27 years$6,635$4,937$3,617$2,615$1,870$755
28 years$6,330$4,652$3,362$2,396$1,687$653
29 years$6,046$4,388$3,129$2,197$1,524$566
30 years$5,781$4,144$2,914$2,016$1,377$490
31 years$5,534$3,918$2,717$1,852$1,245$424
32 years$5,303$3,707$2,535$1,702$1,126$368
33 years$5,086$3,511$2,367$1,565$1,019$319
34 years$4,882$3,327$2,211$1,440$923$276
35 years$4,691$3,156$2,068$1,326$836$240
36 years$4,511$2,995$1,934$1,221$757$208
37 years$4,340$2,845$1,810$1,125$686$180
38 years$4,179$2,704$1,695$1,037$622$156
39 years$4,027$2,571$1,588$956$564$136
40 years$3,883$2,446$1,489$882$512$118
41 years$3,746$2,328$1,396$813$464$102
42 years$3,616$2,217$1,309$751$421$89
43 years$3,492$2,113$1,229$693$382$77
44 years$3,374$2,014$1,153$640$347$67
45 years$3,262$1,920$1,083$591$315$58
46 years$3,155$1,832$1,017$546$286$50
47 years$3,053$1,748$956$504$260$44
48 years$2,955$1,669$898$466$236$38
49 years$2,862$1,594$844$431$214$33
50 years$2,773$1,522$794$398$195$29

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 $2,547 every year, while hoping to spend $37,269 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: 25/46/29 Blend
64$2,840,000$2,840,000$2,840,000$2,840,000
65$3,132,307$2,981,787$2,937,767$3,182,123
66$3,412,149$3,088,241$2,996,529$3,330,641
67$3,719,285$3,198,662$3,056,009$3,486,439
68$4,056,460$3,313,205$3,116,194$3,652,715
69$4,426,699$3,432,031$3,177,066$3,830,376
70$4,833,331$3,555,309$3,238,606$4,020,413
71$5,280,025$3,683,214$3,300,794$4,223,917
72$5,770,823$3,815,927$3,363,607$4,442,081
73$6,310,179$3,953,639$3,427,019$4,676,218
74$6,902,996$4,096,547$3,491,003$4,927,764
75$7,554,680$4,244,856$3,555,530$5,198,301
76$8,271,185$4,398,781$3,620,568$5,489,561
77$9,059,070$4,558,545$3,686,081$5,803,449
78$9,925,562$4,724,381$3,752,032$6,142,058
79$10,878,624$4,896,531$3,818,379$6,507,686
80$11,927,029$5,075,246$3,885,080$6,902,858
81$13,080,443$5,260,790$3,952,088$7,330,351
82$14,349,516$5,453,437$4,019,351$7,793,215
83$15,745,983$5,653,472$4,086,815$8,294,805
84$17,282,774$5,861,192$4,154,424$8,838,809
85$18,974,134$6,076,908$4,222,114$9,429,284
86$20,835,761$6,300,941$4,289,821$10,070,691
87$22,884,952$6,533,630$4,357,472$10,767,935
88$25,140,764$6,775,325$4,424,995$11,526,414
89$27,624,198$7,026,392$4,492,308$12,352,068
90$30,358,392$7,287,212$4,559,327$13,251,428
91$33,368,846$7,558,183$4,625,962$14,231,685
92$36,683,653$7,839,719$4,692,116$15,300,751
93$40,333,773$8,132,252$4,757,690$16,467,333
94$44,353,319$8,436,234$4,822,574$17,741,015
95$48,779,883$8,752,134$4,886,655$19,132,346
96$53,654,885$9,080,443$4,949,812$20,652,938
97$59,023,970$9,421,672$5,011,918$22,315,574
98$64,937,436$9,776,354$5,072,837$24,134,330
99$71,450,704$10,145,046$5,132,428$26,124,699
100$78,624,851$10,528,328$5,190,539$28,303,742