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%17.5%
1 years$235,350$233,254$231,209$229,212$227,263$220,341
2 years$116,510$114,340$112,237$110,198$108,220$101,306
3 years$76,902$74,723$72,625$70,605$68,660$61,970
4 years$57,102$54,929$52,852$50,867$48,969$42,554
5 years$45,225$43,065$41,016$39,071$37,225$31,104
6 years$37,309$35,166$33,147$31,245$29,455$23,632
7 years$31,657$29,532$27,545$25,688$23,955$18,430
8 years$27,421$25,315$23,360$21,549$19,873$14,643
9 years$24,127$22,041$20,120$18,355$16,736$11,795
10 years$21,494$19,428$17,541$15,822$14,260$9,601
11 years$19,341$17,296$15,443$13,770$12,264$7,879
12 years$17,548$15,524$13,705$12,078$10,628$6,507
13 years$16,032$14,029$12,245$10,663$9,267$5,402
14 years$14,733$12,752$11,002$9,466$8,124$4,504
15 years$13,609$11,649$9,933$8,442$7,153$3,767
16 years$12,627$10,688$9,006$7,559$6,322$3,160
17 years$11,760$9,843$8,195$6,791$5,605$2,657
18 years$10,991$9,095$7,481$6,120$4,984$2,239
19 years$10,304$8,429$6,849$5,530$4,442$1,889
20 years$9,686$7,833$6,285$5,009$3,968$1,596
21 years$9,128$7,296$5,781$4,546$3,551$1,350
22 years$8,621$6,811$5,328$4,133$3,183$1,143
23 years$8,159$6,370$4,920$3,764$2,857$968
24 years$7,736$5,968$4,550$3,433$2,568$821
25 years$7,348$5,601$4,214$3,135$2,311$697
26 years$6,990$5,264$3,908$2,867$2,082$591
27 years$6,659$4,954$3,629$2,624$1,877$502
28 years$6,352$4,668$3,374$2,404$1,693$426
29 years$6,067$4,404$3,140$2,205$1,529$362
30 years$5,801$4,159$2,925$2,023$1,382$308
31 years$5,553$3,932$2,726$1,858$1,249$262
32 years$5,321$3,720$2,544$1,708$1,130$223
33 years$5,104$3,523$2,375$1,570$1,023$189
34 years$4,900$3,339$2,219$1,445$926$161
35 years$4,708$3,167$2,075$1,330$839$137
36 years$4,526$3,006$1,941$1,225$760$116
37 years$4,356$2,855$1,817$1,129$689$99
38 years$4,194$2,713$1,701$1,040$624$84
39 years$4,041$2,580$1,594$959$566$72
40 years$3,896$2,455$1,494$885$513$61
41 years$3,759$2,337$1,401$816$466$52
42 years$3,628$2,225$1,314$753$423$44
43 years$3,504$2,120$1,233$695$384$38
44 years$3,386$2,021$1,157$642$348$32
45 years$3,274$1,927$1,087$593$316$27
46 years$3,166$1,839$1,021$548$287$23
47 years$3,064$1,755$959$506$261$20
48 years$2,966$1,675$901$468$237$17
49 years$2,872$1,599$847$432$215$14
50 years$2,783$1,528$796$399$195$12

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 $3,988 every year, while hoping to spend $52,662 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: 73/7/20 Blend
64$2,850,000$2,850,000$2,850,000$2,850,000
65$3,144,814$2,993,764$2,949,589$3,359,041
66$3,409,553$3,084,426$2,992,368$3,592,600
67$3,699,530$3,177,766$3,034,815$3,841,653
68$4,017,265$3,273,859$3,076,864$4,113,159
69$4,365,530$3,372,783$3,118,443$4,409,342
70$4,747,381$3,474,616$3,159,479$4,732,650
71$5,166,184$3,579,442$3,199,890$5,085,779
72$5,625,642$3,687,342$3,239,595$5,471,699
73$6,129,840$3,798,404$3,278,503$5,893,684
74$6,683,273$3,912,715$3,316,523$6,355,336
75$7,290,894$4,030,366$3,353,553$6,860,628
76$7,958,159$4,151,447$3,389,491$7,413,933
77$8,691,079$4,276,056$3,424,226$8,020,070
78$9,496,273$4,404,287$3,457,642$8,684,350
79$10,381,037$4,536,240$3,489,617$9,412,622
80$11,353,404$4,672,018$3,520,021$10,211,331
81$12,422,229$4,811,725$3,548,720$11,087,579
82$13,597,264$4,955,466$3,575,569$12,049,190
83$14,889,253$5,103,352$3,600,418$13,104,784
84$16,310,034$5,255,494$3,623,110$14,263,861
85$17,872,650$5,412,006$3,643,477$15,536,887
86$19,591,472$5,573,006$3,661,345$16,935,395
87$21,482,332$5,738,613$3,676,529$18,472,092
88$23,562,674$5,908,949$3,688,837$20,160,982
89$25,851,718$6,084,139$3,698,065$22,017,494
90$28,370,644$6,264,312$3,704,001$24,058,631
91$31,142,784$6,449,598$3,706,419$26,303,127
92$34,193,850$6,640,131$3,705,087$28,771,627
93$37,552,172$6,836,046$3,699,756$31,486,881
94$41,248,965$7,037,484$3,690,169$34,473,958
95$45,318,625$7,244,586$3,676,055$37,760,483
96$49,799,051$7,457,497$3,657,130$41,376,896
97$54,732,006$7,676,366$3,633,095$45,356,742
98$60,163,505$7,901,343$3,603,639$49,736,988
99$66,144,256$8,132,582$3,568,434$54,558,369
100$72,730,132$8,370,240$3,527,138$59,865,773