Can I retire at age 65 with 2,880,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $2,880,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13%
1 years$237,828$235,709$233,642$231,625$229,655$226,785
2 years$117,736$115,544$113,419$111,358$109,360$106,472
3 years$77,711$75,509$73,389$71,348$69,382$66,567
4 years$57,703$55,507$53,409$51,402$49,484$46,762
5 years$45,701$43,518$41,447$39,482$37,617$34,996
6 years$37,702$35,536$33,496$31,574$29,765$27,249
7 years$31,991$29,843$27,835$25,959$24,207$21,797
8 years$27,709$25,581$23,606$21,776$20,082$17,777
9 years$24,381$22,273$20,332$18,548$16,912$14,711
10 years$21,720$19,632$17,726$15,989$14,410$12,312
11 years$19,544$17,478$15,606$13,915$12,393$10,396
12 years$17,732$15,687$13,850$12,205$10,739$8,841
13 years$16,200$14,176$12,374$10,776$9,365$7,563
14 years$14,888$12,886$11,118$9,565$8,209$6,501
15 years$13,752$11,772$10,038$8,531$7,228$5,611
16 years$12,759$10,800$9,101$7,638$6,388$4,859
17 years$11,884$9,947$8,281$6,863$5,664$4,220
18 years$11,107$9,191$7,560$6,185$5,036$3,674
19 years$10,413$8,518$6,921$5,589$4,489$3,205
20 years$9,788$7,916$6,351$5,062$4,010$2,802
21 years$9,224$7,373$5,842$4,594$3,588$2,453
22 years$8,712$6,882$5,384$4,177$3,216$2,150
23 years$8,245$6,437$4,972$3,804$2,887$1,887
24 years$7,818$6,031$4,598$3,469$2,595$1,657
25 years$7,425$5,660$4,259$3,168$2,335$1,457
26 years$7,063$5,319$3,950$2,897$2,103$1,282
27 years$6,729$5,006$3,668$2,652$1,896$1,129
28 years$6,419$4,717$3,409$2,429$1,711$995
29 years$6,131$4,450$3,173$2,228$1,545$877
30 years$5,862$4,203$2,955$2,045$1,396$773
31 years$5,612$3,973$2,755$1,878$1,262$682
32 years$5,377$3,759$2,571$1,726$1,142$602
33 years$5,158$3,560$2,400$1,587$1,033$532
34 years$4,951$3,374$2,243$1,460$936$470
35 years$4,757$3,200$2,097$1,344$847$415
36 years$4,574$3,038$1,961$1,238$768$367
37 years$4,401$2,885$1,836$1,141$696$324
38 years$4,238$2,742$1,719$1,051$631$286
39 years$4,084$2,607$1,611$969$572$253
40 years$3,937$2,480$1,510$894$519$224
41 years$3,799$2,361$1,416$825$471$198
42 years$3,667$2,249$1,328$761$427$175
43 years$3,541$2,143$1,246$703$388$155
44 years$3,422$2,042$1,170$649$352$137
45 years$3,308$1,948$1,098$599$319$121
46 years$3,200$1,858$1,031$554$290$107
47 years$3,096$1,773$969$511$263$95
48 years$2,997$1,693$911$473$239$84
49 years$2,902$1,616$856$437$217$74
50 years$2,812$1,544$805$404$197$66

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $2,880,000, adding $6,270 every year, while hoping to spend $53,565 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: 57/36/7 Blend
64$2,880,000$2,880,000$2,880,000$2,880,000
65$3,180,228$3,027,588$2,982,948$3,356,262
66$3,447,618$3,118,947$3,025,884$3,566,786
67$3,740,487$3,212,987$3,068,463$3,789,483
68$4,061,377$3,309,783$3,110,616$4,030,795
69$4,413,087$3,409,413$3,152,272$4,292,505
70$4,798,702$3,511,954$3,193,353$4,576,575
71$5,221,617$3,617,487$3,233,777$4,885,161
72$5,685,573$3,726,094$3,273,460$5,220,639
73$6,194,689$3,837,862$3,312,309$5,585,623
74$6,753,506$3,952,875$3,350,229$5,982,989
75$7,367,020$4,071,223$3,387,119$6,415,904
76$8,040,740$4,192,996$3,422,871$6,887,853
77$8,780,731$4,318,289$3,457,373$7,402,673
78$9,593,676$4,447,195$3,490,506$7,964,591
79$10,486,937$4,579,814$3,522,143$8,578,258
80$11,468,623$4,716,244$3,552,154$9,248,797
81$12,547,671$4,856,587$3,580,399$9,981,849
82$13,733,922$5,000,949$3,606,731$10,783,626
83$15,038,222$5,149,435$3,630,997$11,660,970
84$16,472,519$5,302,156$3,653,034$12,621,415
85$18,049,977$5,459,223$3,672,671$13,673,260
86$19,785,100$5,620,750$3,689,731$14,825,645
87$21,693,867$5,786,853$3,704,023$16,088,640
88$23,793,884$5,957,652$3,715,351$17,473,334
89$26,104,552$6,133,268$3,723,507$18,991,944
90$28,647,244$6,313,826$3,728,272$20,657,928
91$31,445,511$6,499,452$3,729,418$22,486,109
92$34,525,304$6,690,276$3,726,704$24,492,821
93$37,915,214$6,886,429$3,719,878$26,696,055
94$41,646,748$7,088,045$3,708,675$29,115,633
95$45,754,619$7,295,263$3,692,819$31,773,392
96$50,277,081$7,508,222$3,672,019$34,693,393
97$55,256,282$7,727,063$3,645,970$37,902,142
98$60,738,666$7,951,932$3,614,353$41,428,846
99$66,775,409$8,182,976$3,576,834$45,305,681
100$73,422,904$8,420,346$3,533,061$49,568,103