Can I retire at age 65 with 2,860,000?

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 $2,860,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.4%
1 years$236,176$234,072$232,020$230,017$228,060$223,000
2 years$116,919$114,741$112,631$110,585$108,600$103,528
3 years$77,172$74,985$72,880$70,853$68,900$63,975
4 years$57,302$55,122$53,038$51,045$49,140$44,400
5 years$45,383$43,216$41,159$39,208$37,356$32,814
6 years$37,440$35,289$33,263$31,355$29,558$25,219
7 years$31,769$29,636$27,642$25,779$24,039$19,903
8 years$27,517$25,403$23,442$21,625$19,943$16,009
9 years$24,212$22,118$20,191$18,420$16,794$13,060
10 years$21,569$19,496$17,603$15,878$14,310$10,771
11 years$19,408$17,356$15,497$13,819$12,307$8,958
12 years$17,609$15,578$13,753$12,121$10,665$7,502
13 years$16,088$14,078$12,288$10,701$9,300$6,316
14 years$14,785$12,796$11,041$9,499$8,152$5,342
15 years$13,657$11,690$9,968$8,471$7,178$4,535
16 years$12,671$10,725$9,038$7,585$6,344$3,862
17 years$11,802$9,878$8,224$6,815$5,625$3,297
18 years$11,030$9,127$7,507$6,142$5,001$2,821
19 years$10,340$8,459$6,873$5,550$4,458$2,418
20 years$9,720$7,861$6,307$5,026$3,982$2,076
21 years$9,160$7,322$5,802$4,562$3,563$1,784
22 years$8,651$6,835$5,347$4,148$3,194$1,536
23 years$8,188$6,392$4,937$3,777$2,867$1,323
24 years$7,763$5,989$4,566$3,445$2,577$1,140
25 years$7,374$5,621$4,229$3,146$2,319$984
26 years$7,014$5,282$3,922$2,877$2,089$849
27 years$6,682$4,971$3,642$2,633$1,883$734
28 years$6,374$4,684$3,386$2,413$1,699$634
29 years$6,088$4,419$3,151$2,212$1,534$548
30 years$5,822$4,174$2,935$2,030$1,386$474
31 years$5,573$3,945$2,736$1,865$1,253$410
32 years$5,340$3,733$2,553$1,714$1,134$355
33 years$5,122$3,535$2,384$1,576$1,026$307
34 years$4,917$3,351$2,227$1,450$929$266
35 years$4,724$3,178$2,082$1,335$841$230
36 years$4,542$3,016$1,948$1,229$762$199
37 years$4,371$2,865$1,823$1,133$691$172
38 years$4,209$2,723$1,707$1,044$626$149
39 years$4,055$2,589$1,599$963$568$129
40 years$3,910$2,463$1,499$888$515$112
41 years$3,772$2,345$1,406$819$467$97
42 years$3,641$2,233$1,319$756$424$84
43 years$3,517$2,128$1,237$698$385$73
44 years$3,398$2,028$1,162$644$349$63
45 years$3,285$1,934$1,091$595$317$55
46 years$3,177$1,845$1,024$550$288$47
47 years$3,075$1,761$962$508$262$41
48 years$2,976$1,681$904$469$238$36
49 years$2,882$1,605$850$434$216$31
50 years$2,792$1,533$799$401$196$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $2,860,000, adding $3,387 every year, while hoping to spend $35,979 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: 59/29/12 Blend
64$2,860,000$2,860,000$2,860,000$2,860,000
65$3,155,214$3,003,634$2,959,304$3,331,931
66$3,438,764$3,112,530$3,020,159$3,560,240
67$3,750,031$3,225,557$3,081,847$3,804,749
68$4,091,803$3,342,878$3,144,358$4,070,502
69$4,467,153$3,464,665$3,207,680$4,359,550
70$4,879,465$3,591,096$3,271,799$4,674,144
71$5,332,467$3,722,357$3,336,702$5,016,765
72$5,830,268$3,858,642$3,402,371$5,390,139
73$6,377,392$4,000,152$3,468,787$5,797,268
74$6,978,825$4,147,098$3,535,930$6,241,454
75$7,640,058$4,299,699$3,603,776$6,726,333
76$8,367,143$4,458,183$3,672,302$7,255,904
77$9,166,746$4,622,788$3,741,478$7,834,573
78$10,046,212$4,793,763$3,811,276$8,467,186
79$11,013,635$4,971,367$3,881,663$9,159,080
80$12,077,929$5,155,868$3,952,603$9,916,130
81$13,248,921$5,347,548$4,024,058$10,744,804
82$14,537,433$5,546,700$4,095,986$11,652,225
83$15,955,393$5,753,631$4,168,343$12,646,233
84$17,515,942$5,968,657$4,241,082$13,735,465
85$19,233,560$6,192,113$4,314,149$14,929,430
86$21,124,201$6,424,344$4,387,491$16,238,601
87$23,205,445$6,665,712$4,461,047$17,674,509
88$25,496,662$6,916,595$4,534,755$19,249,856
89$28,019,199$7,177,385$4,608,546$20,978,632
90$30,796,573$7,448,493$4,682,348$22,876,245
91$33,854,701$7,730,346$4,756,085$24,959,665
92$37,222,140$8,023,392$4,829,673$27,247,586
93$40,930,356$8,328,097$4,903,025$29,760,597
94$45,014,025$8,644,946$4,976,049$32,521,381
95$49,511,354$8,974,447$5,048,645$35,554,921
96$54,464,447$9,317,130$5,120,709$38,888,740
97$59,919,698$9,673,546$5,192,130$42,553,157
98$65,928,230$10,044,273$5,262,790$46,581,574
99$72,546,380$10,429,913$5,332,563$51,010,786
100$79,836,225$10,831,092$5,401,318$55,881,331