Can I retire at age 65 with 2,850,000?

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 $2,850,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.3%
1 years$235,350$233,254$231,209$229,212$227,263$219,637
2 years$116,510$114,340$112,237$110,198$108,220$100,612
3 years$76,902$74,723$72,625$70,605$68,660$61,308
4 years$57,102$54,929$52,852$50,867$48,969$41,931
5 years$45,225$43,065$41,016$39,071$37,225$30,519
6 years$37,309$35,166$33,147$31,245$29,455$23,087
7 years$31,657$29,532$27,545$25,688$23,955$17,923
8 years$27,421$25,315$23,360$21,549$19,873$14,173
9 years$24,127$22,041$20,120$18,355$16,736$11,361
10 years$21,494$19,428$17,541$15,822$14,260$9,201
11 years$19,341$17,296$15,443$13,770$12,264$7,512
12 years$17,548$15,524$13,705$12,078$10,628$6,171
13 years$16,032$14,029$12,245$10,663$9,267$5,096
14 years$14,733$12,752$11,002$9,466$8,124$4,224
15 years$13,609$11,649$9,933$8,442$7,153$3,514
16 years$12,627$10,688$9,006$7,559$6,322$2,931
17 years$11,760$9,843$8,195$6,791$5,605$2,450
18 years$10,991$9,095$7,481$6,120$4,984$2,051
19 years$10,304$8,429$6,849$5,530$4,442$1,720
20 years$9,686$7,833$6,285$5,009$3,968$1,445
21 years$9,128$7,296$5,781$4,546$3,551$1,215
22 years$8,621$6,811$5,328$4,133$3,183$1,022
23 years$8,159$6,370$4,920$3,764$2,857$860
24 years$7,736$5,968$4,550$3,433$2,568$725
25 years$7,348$5,601$4,214$3,135$2,311$611
26 years$6,990$5,264$3,908$2,867$2,082$515
27 years$6,659$4,954$3,629$2,624$1,877$435
28 years$6,352$4,668$3,374$2,404$1,693$367
29 years$6,067$4,404$3,140$2,205$1,529$310
30 years$5,801$4,159$2,925$2,023$1,382$261
31 years$5,553$3,932$2,726$1,858$1,249$221
32 years$5,321$3,720$2,544$1,708$1,130$186
33 years$5,104$3,523$2,375$1,570$1,023$158
34 years$4,900$3,339$2,219$1,445$926$133
35 years$4,708$3,167$2,075$1,330$839$112
36 years$4,526$3,006$1,941$1,225$760$95
37 years$4,356$2,855$1,817$1,129$689$80
38 years$4,194$2,713$1,701$1,040$624$68
39 years$4,041$2,580$1,594$959$566$57
40 years$3,896$2,455$1,494$885$513$48
41 years$3,759$2,337$1,401$816$466$41
42 years$3,628$2,225$1,314$753$423$35
43 years$3,504$2,120$1,233$695$384$29
44 years$3,386$2,021$1,157$642$348$25
45 years$3,274$1,927$1,087$593$316$21
46 years$3,166$1,839$1,021$548$287$18
47 years$3,064$1,755$959$506$261$15
48 years$2,966$1,675$901$468$237$13
49 years$2,872$1,599$847$432$215$11
50 years$2,783$1,528$796$399$195$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $2,850,000, adding $5,601 every year, while hoping to spend $32,347 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: 72/21/7 Blend
64$2,850,000$2,850,000$2,850,000$2,850,000
65$3,146,477$2,995,427$2,951,252$3,369,415
66$3,433,001$3,107,786$3,015,702$3,629,628
67$3,747,666$3,224,567$3,081,227$3,909,855
68$4,093,309$3,345,951$3,147,829$4,215,756
69$4,473,053$3,472,130$3,215,509$4,549,852
70$4,890,342$3,603,302$3,284,265$4,914,918
71$5,348,967$3,739,673$3,354,098$5,314,009
72$5,853,106$3,881,461$3,425,004$5,750,485
73$6,407,360$4,028,891$3,496,980$6,228,050
74$7,016,802$4,182,198$3,570,020$6,750,778
75$7,687,018$4,341,627$3,644,117$7,323,154
76$8,424,162$4,507,435$3,719,264$7,950,120
77$9,235,017$4,679,890$3,795,449$8,637,113
78$10,127,054$4,859,270$3,872,662$9,390,124
79$11,108,505$5,045,866$3,950,888$10,215,747
80$12,188,443$5,239,983$4,030,113$11,121,245
81$13,376,860$5,441,939$4,110,318$12,114,618
82$14,684,769$5,652,063$4,191,483$13,204,675
83$16,124,305$5,870,704$4,273,587$14,401,118
84$17,708,836$6,098,220$4,356,605$15,714,632
85$19,453,095$6,334,991$4,440,509$17,156,988
86$21,373,315$6,581,409$4,525,269$18,741,150
87$23,487,380$6,837,885$4,610,853$20,481,399
88$25,815,001$7,104,850$4,697,225$22,393,463
89$28,377,894$7,382,751$4,784,345$24,494,672
90$31,199,990$7,672,056$4,872,171$26,804,111
91$34,307,658$7,973,255$4,960,658$29,342,808
92$37,729,953$8,286,860$5,049,754$32,133,926
93$41,498,895$8,613,402$5,139,407$35,202,984
94$45,649,764$8,953,440$5,229,559$38,578,094
95$50,221,438$9,307,557$5,320,147$42,290,228
96$55,256,758$9,676,360$5,411,105$46,373,505
97$60,802,931$10,060,486$5,502,362$50,865,519
98$66,911,979$10,460,599$5,593,839$55,807,684
99$73,641,225$10,877,392$5,685,457$61,245,632
100$81,053,837$11,311,591$5,777,127$67,229,636