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

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 $2,880,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$237,828$235,709$233,642$231,625$229,655$226,974
2 years$117,736$115,544$113,419$111,358$109,360$106,661
3 years$77,711$75,509$73,389$71,348$69,382$66,749
4 years$57,703$55,507$53,409$51,402$49,484$46,938
5 years$45,701$43,518$41,447$39,482$37,617$35,165
6 years$37,702$35,536$33,496$31,574$29,765$27,410
7 years$31,991$29,843$27,835$25,959$24,207$21,950
8 years$27,709$25,581$23,606$21,776$20,082$17,922
9 years$24,381$22,273$20,332$18,548$16,912$14,849
10 years$21,720$19,632$17,726$15,989$14,410$12,442
11 years$19,544$17,478$15,606$13,915$12,393$10,519
12 years$17,732$15,687$13,850$12,205$10,739$8,958
13 years$16,200$14,176$12,374$10,776$9,365$7,673
14 years$14,888$12,886$11,118$9,565$8,209$6,604
15 years$13,752$11,772$10,038$8,531$7,228$5,707
16 years$12,759$10,800$9,101$7,638$6,388$4,949
17 years$11,884$9,947$8,281$6,863$5,664$4,305
18 years$11,107$9,191$7,560$6,185$5,036$3,753
19 years$10,413$8,518$6,921$5,589$4,489$3,279
20 years$9,788$7,916$6,351$5,062$4,010$2,870
21 years$9,224$7,373$5,842$4,594$3,588$2,516
22 years$8,712$6,882$5,384$4,177$3,216$2,209
23 years$8,245$6,437$4,972$3,804$2,887$1,942
24 years$7,818$6,031$4,598$3,469$2,595$1,708
25 years$7,425$5,660$4,259$3,168$2,335$1,504
26 years$7,063$5,319$3,950$2,897$2,103$1,326
27 years$6,729$5,006$3,668$2,652$1,896$1,169
28 years$6,419$4,717$3,409$2,429$1,711$1,032
29 years$6,131$4,450$3,173$2,228$1,545$911
30 years$5,862$4,203$2,955$2,045$1,396$805
31 years$5,612$3,973$2,755$1,878$1,262$711
32 years$5,377$3,759$2,571$1,726$1,142$629
33 years$5,158$3,560$2,400$1,587$1,033$556
34 years$4,951$3,374$2,243$1,460$936$492
35 years$4,757$3,200$2,097$1,344$847$435
36 years$4,574$3,038$1,961$1,238$768$385
37 years$4,401$2,885$1,836$1,141$696$341
38 years$4,238$2,742$1,719$1,051$631$302
39 years$4,084$2,607$1,611$969$572$267
40 years$3,937$2,480$1,510$894$519$237
41 years$3,799$2,361$1,416$825$471$210
42 years$3,667$2,249$1,328$761$427$186
43 years$3,541$2,143$1,246$703$388$165
44 years$3,422$2,042$1,170$649$352$146
45 years$3,308$1,948$1,098$599$319$129
46 years$3,200$1,858$1,031$554$290$114
47 years$3,096$1,773$969$511$263$101
48 years$2,997$1,693$911$473$239$90
49 years$2,902$1,616$856$437$217$80
50 years$2,812$1,544$805$404$197$71

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 $3,615 every year, while hoping to spend $33,645 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: 75/7/18 Blend
64$2,880,000$2,880,000$2,880,000$2,880,000
65$3,177,489$3,024,849$2,980,209$3,402,397
66$3,465,795$3,137,268$3,044,248$3,664,248
67$3,782,380$3,254,069$3,109,304$3,946,681
68$4,130,094$3,375,430$3,175,377$4,255,370
69$4,512,075$3,501,537$3,242,464$4,592,921
70$4,931,781$3,632,586$3,310,560$4,962,205
71$5,393,019$3,768,780$3,379,661$5,366,384
72$5,899,988$3,910,331$3,449,760$5,808,941
73$6,457,309$4,057,459$3,520,849$6,293,712
74$7,070,075$4,210,396$3,592,919$6,824,921
75$7,743,899$4,369,381$3,665,958$7,407,222
76$8,484,962$4,534,666$3,739,953$8,045,741
77$9,300,075$4,706,512$3,814,889$8,746,124
78$10,196,745$4,885,193$3,890,749$9,514,590
79$11,183,238$5,070,992$3,967,514$10,357,991
80$12,268,666$5,264,209$4,045,164$11,283,875
81$13,463,067$5,465,152$4,123,674$12,300,558
82$14,777,501$5,674,146$4,203,018$13,417,199
83$16,224,156$5,891,528$4,283,169$14,643,891
84$17,816,458$6,117,652$4,364,094$15,991,752
85$19,569,205$6,352,885$4,445,759$17,473,032
86$21,498,699$6,597,612$4,528,127$19,101,227
87$23,622,905$6,852,233$4,611,158$20,891,207
88$25,961,617$7,117,169$4,694,807$22,859,354
89$28,536,647$7,392,855$4,779,028$25,023,719
90$31,372,029$7,679,748$4,863,769$27,404,190
91$34,494,245$7,978,325$4,948,975$30,022,682
92$37,932,480$8,289,085$5,034,587$32,903,338
93$41,718,888$8,612,545$5,120,542$36,072,764
94$45,888,905$8,949,251$5,206,770$39,560,272
95$50,481,577$9,299,767$5,293,200$43,398,164
96$55,539,929$9,664,687$5,379,754$47,622,027
97$61,111,374$10,044,629$5,466,348$52,271,081
98$67,248,157$10,440,239$5,552,893$57,388,535
99$74,007,850$10,852,191$5,639,296$63,022,006
100$81,453,893$11,281,191$5,725,455$69,223,960