Can I retire at age 65 with 2,870,000?

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 $2,870,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$237,002$234,891$232,831$230,821$228,858$226,092
2 years$117,328$115,143$113,025$110,972$108,980$106,196
3 years$77,441$75,247$73,135$71,101$69,141$66,426
4 years$57,502$55,314$53,223$51,224$49,312$46,687
5 years$45,542$43,367$41,303$39,345$37,486$34,959
6 years$37,571$35,413$33,379$31,464$29,662$27,234
7 years$31,880$29,739$27,738$25,869$24,123$21,797
8 years$27,613$25,492$23,524$21,701$20,012$17,788
9 years$24,296$22,196$20,261$18,484$16,853$14,729
10 years$21,645$19,564$17,664$15,933$14,360$12,334
11 years$19,476$17,417$15,551$13,867$12,350$10,421
12 years$17,671$15,632$13,802$12,163$10,702$8,868
13 years$16,144$14,127$12,331$10,738$9,332$7,591
14 years$14,837$12,841$11,079$9,532$8,181$6,530
15 years$13,705$11,731$10,003$8,501$7,203$5,639
16 years$12,715$10,763$9,069$7,612$6,366$4,887
17 years$11,843$9,912$8,253$6,839$5,645$4,247
18 years$11,068$9,159$7,534$6,163$5,019$3,700
19 years$10,376$8,489$6,897$5,569$4,473$3,231
20 years$9,754$7,888$6,329$5,044$3,996$2,826
21 years$9,192$7,347$5,822$4,578$3,576$2,476
22 years$8,682$6,859$5,366$4,162$3,205$2,172
23 years$8,216$6,415$4,954$3,791$2,877$1,907
24 years$7,791$6,010$4,582$3,457$2,586$1,677
25 years$7,399$5,640$4,244$3,157$2,327$1,476
26 years$7,039$5,301$3,936$2,887$2,096$1,299
27 years$6,706$4,989$3,655$2,642$1,890$1,145
28 years$6,397$4,701$3,398$2,421$1,705$1,010
29 years$6,110$4,435$3,162$2,220$1,540$891
30 years$5,842$4,188$2,945$2,038$1,391$786
31 years$5,592$3,959$2,746$1,871$1,258$694
32 years$5,359$3,746$2,562$1,720$1,138$613
33 years$5,140$3,548$2,392$1,581$1,030$542
34 years$4,934$3,362$2,235$1,455$932$479
35 years$4,741$3,189$2,089$1,340$844$423
36 years$4,558$3,027$1,955$1,234$765$374
37 years$4,386$2,875$1,829$1,137$693$331
38 years$4,224$2,732$1,713$1,048$629$293
39 years$4,070$2,598$1,605$966$570$259
40 years$3,924$2,472$1,504$891$517$229
41 years$3,785$2,353$1,411$822$469$203
42 years$3,654$2,241$1,323$759$426$180
43 years$3,529$2,135$1,242$700$386$159
44 years$3,410$2,035$1,166$647$351$141
45 years$3,297$1,941$1,094$597$318$125
46 years$3,188$1,851$1,028$552$289$110
47 years$3,085$1,767$966$510$262$98
48 years$2,987$1,687$907$471$238$86
49 years$2,892$1,611$853$435$216$77
50 years$2,802$1,539$802$402$197$68

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $2,870,000, adding $5,807 every year, while hoping to spend $58,817 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: 45/42/13 Blend
64$2,870,000$2,870,000$2,870,000$2,870,000
65$3,168,730$3,016,620$2,972,135$3,299,332
66$3,429,360$3,101,853$3,009,121$3,475,957
67$3,714,602$3,189,292$3,045,374$3,660,943
68$4,026,906$3,278,982$3,080,809$3,860,235
69$4,368,967$3,370,969$3,115,333$4,075,178
70$4,743,756$3,465,300$3,148,850$4,307,252
71$5,154,541$3,562,022$3,181,258$4,558,087
72$5,604,924$3,661,181$3,212,450$4,829,473
73$6,098,871$3,762,824$3,242,313$5,123,384
74$6,640,752$3,866,998$3,270,726$5,441,991
75$7,235,379$3,973,751$3,297,565$5,787,684
76$7,888,051$4,083,129$3,322,698$6,163,095
77$8,604,608$4,195,178$3,345,984$6,571,121
78$9,391,481$4,309,944$3,367,277$7,014,953
79$10,255,755$4,427,474$3,386,423$7,498,102
80$11,205,234$4,547,813$3,403,261$8,024,439
81$12,248,517$4,671,005$3,417,620$8,598,224
82$13,395,077$4,797,095$3,429,321$9,224,150
83$14,655,347$4,926,125$3,438,175$9,907,385
84$16,040,825$5,058,138$3,443,987$10,653,623
85$17,564,177$5,193,174$3,446,548$11,469,136
86$19,239,357$5,331,274$3,445,641$12,360,832
87$21,081,740$5,472,475$3,441,039$13,336,321
88$23,108,265$5,616,814$3,432,501$14,403,988
89$25,337,595$5,764,325$3,419,777$15,573,070
90$27,790,294$5,915,041$3,402,605$16,853,744
91$30,489,019$6,068,993$3,380,707$18,257,222
92$33,458,734$6,226,208$3,353,795$19,795,857
93$36,726,944$6,386,712$3,321,566$21,483,259
94$40,323,957$6,550,525$3,283,703$23,334,427
95$44,283,168$6,717,668$3,239,875$25,365,883
96$48,641,372$6,888,155$3,189,732$27,595,836
97$53,439,115$7,061,998$3,132,911$30,044,349
98$58,721,072$7,239,203$3,069,031$32,733,527
99$64,536,470$7,419,773$2,997,692$35,687,730
100$70,939,554$7,603,705$2,918,478$38,933,802