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%11%
1 years$234,525$232,436$230,397$228,408$226,466$225,511
2 years$116,101$113,939$111,843$109,812$107,841$106,877
3 years$76,632$74,460$72,370$70,357$68,419$67,476
4 years$56,901$54,736$52,667$50,689$48,797$47,882
5 years$45,066$42,914$40,872$38,934$37,094$36,210
6 years$37,178$35,042$33,030$31,136$29,352$28,499
7 years$31,546$29,429$27,448$25,598$23,871$23,051
8 years$27,324$25,226$23,278$21,474$19,803$19,015
9 years$24,042$21,964$20,050$18,291$16,677$15,921
10 years$21,418$19,360$17,480$15,767$14,210$13,486
11 years$19,273$17,235$15,389$13,722$12,221$11,528
12 years$17,486$15,469$13,657$12,036$10,590$9,929
13 years$15,975$13,980$12,202$10,626$9,235$8,603
14 years$14,682$12,707$10,963$9,433$8,095$7,493
15 years$13,561$11,608$9,899$8,412$7,128$6,555
16 years$12,582$10,650$8,974$7,532$6,300$5,754
17 years$11,719$9,808$8,166$6,768$5,586$5,068
18 years$10,953$9,063$7,455$6,099$4,966$4,475
19 years$10,268$8,400$6,825$5,511$4,427$3,961
20 years$9,652$7,806$6,263$4,991$3,954$3,512
21 years$9,096$7,271$5,761$4,530$3,538$3,121
22 years$8,591$6,787$5,310$4,119$3,172$2,777
23 years$8,131$6,348$4,903$3,751$2,847$2,474
24 years$7,709$5,947$4,534$3,421$2,559$2,207
25 years$7,322$5,581$4,199$3,124$2,303$1,971
26 years$6,965$5,245$3,895$2,857$2,074$1,762
27 years$6,635$4,937$3,617$2,615$1,870$1,576
28 years$6,330$4,652$3,362$2,396$1,687$1,411
29 years$6,046$4,388$3,129$2,197$1,524$1,264
30 years$5,781$4,144$2,914$2,016$1,377$1,133
31 years$5,534$3,918$2,717$1,852$1,245$1,016
32 years$5,303$3,707$2,535$1,702$1,126$912
33 years$5,086$3,511$2,367$1,565$1,019$818
34 years$4,882$3,327$2,211$1,440$923$735
35 years$4,691$3,156$2,068$1,326$836$660
36 years$4,511$2,995$1,934$1,221$757$593
37 years$4,340$2,845$1,810$1,125$686$533
38 years$4,179$2,704$1,695$1,037$622$479
39 years$4,027$2,571$1,588$956$564$431
40 years$3,883$2,446$1,489$882$512$388
41 years$3,746$2,328$1,396$813$464$349
42 years$3,616$2,217$1,309$751$421$314
43 years$3,492$2,113$1,229$693$382$282
44 years$3,374$2,014$1,153$640$347$254
45 years$3,262$1,920$1,083$591$315$229
46 years$3,155$1,832$1,017$546$286$206
47 years$3,053$1,748$956$504$260$185
48 years$2,955$1,669$898$466$236$167
49 years$2,862$1,594$844$431$214$150
50 years$2,773$1,522$794$398$195$135

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 $4,019 every year, while hoping to spend $31,205 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: 69/12/19 Blend
64$2,840,000$2,840,000$2,840,000$2,840,000
65$3,133,826$2,983,306$2,939,286$3,335,267
66$3,420,274$3,096,286$3,004,550$3,583,200
67$3,734,894$3,213,756$3,070,954$3,850,344
68$4,080,527$3,335,903$3,138,505$4,141,886
69$4,460,301$3,462,923$3,207,205$4,460,230
70$4,877,665$3,595,019$3,277,060$4,808,025
71$5,336,415$3,732,404$3,348,070$5,188,186
72$5,840,737$3,875,300$3,420,238$5,603,922
73$6,395,240$4,023,937$3,493,564$6,058,768
74$7,005,003$4,178,558$3,568,046$6,556,616
75$7,675,621$4,339,416$3,643,684$7,101,753
76$8,413,260$4,506,772$3,720,473$7,698,899
77$9,224,712$4,680,903$3,798,408$8,353,252
78$10,117,461$4,862,096$3,877,483$9,070,537
79$11,099,752$5,050,649$3,957,689$9,857,063
80$12,180,673$5,246,877$4,039,017$10,719,773
81$13,370,232$5,451,105$4,121,455$11,666,320
82$14,679,462$5,663,674$4,204,989$12,705,131
83$16,120,514$5,884,942$4,289,604$13,845,489
84$17,706,783$6,115,280$4,375,282$15,097,621
85$19,453,023$6,355,077$4,462,002$16,472,793
86$21,375,494$6,604,738$4,549,742$17,983,414
87$23,492,112$6,864,689$4,638,476$19,643,155
88$25,822,620$7,135,370$4,728,177$21,467,080
89$28,388,770$7,417,247$4,818,814$23,471,781
90$31,214,533$7,710,800$4,910,353$25,675,538
91$34,326,322$8,016,536$5,002,757$28,098,493
92$37,753,243$8,334,983$5,095,985$30,762,836
93$41,527,367$8,666,690$5,189,994$33,693,014
94$45,684,036$9,012,235$5,284,736$36,915,962
95$50,262,193$9,372,220$5,380,160$40,461,360
96$55,304,750$9,747,273$5,476,209$44,361,904
97$60,858,997$10,138,051$5,572,824$48,653,625
98$66,977,042$10,545,242$5,669,941$53,376,217
99$73,716,305$10,969,565$5,767,489$58,573,420
100$81,140,063$11,411,768$5,865,395$64,293,427