Can I retire at age 65 with 2,890,000?

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 $2,890,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.5%
1 years$238,653$236,528$234,454$232,429$230,453$222,542
2 years$118,145$115,945$113,812$111,745$109,739$101,850
3 years$77,981$75,771$73,644$71,596$69,623$62,003
4 years$57,903$55,700$53,594$51,581$49,656$42,363
5 years$45,859$43,669$41,591$39,619$37,748$30,801
6 years$37,833$35,659$33,612$31,684$29,868$23,274
7 years$32,102$29,947$27,932$26,049$24,291$18,048
8 years$27,805$25,670$23,688$21,852$20,152$14,255
9 years$24,466$22,350$20,403$18,613$16,971$11,412
10 years$21,795$19,701$17,788$16,044$14,460$9,231
11 years$19,612$17,538$15,660$13,964$12,436$7,527
12 years$17,794$15,741$13,898$12,248$10,777$6,175
13 years$16,257$14,226$12,417$10,813$9,398$5,092
14 years$14,940$12,931$11,156$9,599$8,238$4,216
15 years$13,800$11,812$10,073$8,560$7,253$3,502
16 years$12,804$10,838$9,132$7,665$6,410$2,916
17 years$11,925$9,981$8,310$6,887$5,684$2,434
18 years$11,146$9,223$7,586$6,206$5,054$2,035
19 years$10,449$8,548$6,945$5,608$4,505$1,704
20 years$9,822$7,943$6,374$5,079$4,024$1,429
21 years$9,256$7,399$5,862$4,610$3,601$1,199
22 years$8,742$6,906$5,403$4,191$3,228$1,008
23 years$8,274$6,459$4,989$3,817$2,897$847
24 years$7,845$6,052$4,614$3,481$2,604$713
25 years$7,451$5,679$4,273$3,179$2,343$600
26 years$7,088$5,338$3,963$2,907$2,111$505
27 years$6,752$5,024$3,680$2,661$1,903$425
28 years$6,441$4,734$3,421$2,438$1,717$358
29 years$6,152$4,466$3,184$2,236$1,551$302
30 years$5,883$4,217$2,966$2,052$1,401$255
31 years$5,631$3,987$2,765$1,884$1,267$215
32 years$5,396$3,772$2,580$1,732$1,146$181
33 years$5,176$3,572$2,409$1,593$1,037$153
34 years$4,968$3,386$2,250$1,465$939$129
35 years$4,774$3,211$2,104$1,349$850$109
36 years$4,590$3,048$1,968$1,242$770$92
37 years$4,417$2,895$1,842$1,145$698$77
38 years$4,253$2,751$1,725$1,055$633$65
39 years$4,098$2,616$1,616$973$574$55
40 years$3,951$2,489$1,515$897$521$46
41 years$3,812$2,369$1,421$828$472$39
42 years$3,679$2,257$1,332$764$429$33
43 years$3,554$2,150$1,250$705$389$28
44 years$3,434$2,049$1,174$651$353$24
45 years$3,320$1,954$1,102$601$321$20
46 years$3,211$1,864$1,035$555$291$17
47 years$3,107$1,779$972$513$264$14
48 years$3,007$1,698$914$474$240$12
49 years$2,913$1,622$859$438$218$10
50 years$2,822$1,549$808$405$198$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $2,890,000, adding $5,041 every year, while hoping to spend $28,086 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: 35/47/18 Blend
64$2,890,000$2,890,000$2,890,000$2,890,000
65$3,189,980$3,036,810$2,992,015$3,283,881
66$3,485,474$3,155,730$3,062,364$3,471,844
67$3,810,168$3,279,536$3,134,129$3,671,530
68$4,167,010$3,408,438$3,207,326$3,886,396
69$4,559,248$3,542,654$3,281,975$4,117,806
70$4,990,461$3,682,414$3,358,090$4,367,258
71$5,464,592$3,827,957$3,435,691$4,636,392
72$5,985,985$3,979,531$3,514,791$4,927,010
73$6,559,426$4,137,399$3,595,408$5,241,091
74$7,190,189$4,301,833$3,677,555$5,580,805
75$7,884,084$4,473,118$3,761,248$5,948,536
76$8,647,511$4,651,552$3,846,501$6,346,903
77$9,487,524$4,837,445$3,933,326$6,778,782
78$10,411,895$5,031,123$4,021,735$7,247,333
79$11,429,185$5,232,925$4,111,741$7,756,029
80$12,548,831$5,443,207$4,203,352$8,308,685
81$13,781,227$5,662,339$4,296,580$8,909,497
82$15,137,828$5,890,710$4,391,432$9,563,074
83$16,631,257$6,128,725$4,487,915$10,274,487
84$18,275,421$6,376,808$4,586,036$11,049,310
85$20,085,644$6,635,402$4,685,798$11,893,673
86$22,078,813$6,904,971$4,787,206$12,814,318
87$24,273,535$7,185,997$4,890,261$13,818,662
88$26,690,313$7,478,989$4,994,962$14,914,861
89$29,351,741$7,784,475$5,101,309$16,111,892
90$32,282,713$8,103,008$5,209,297$17,419,628
91$35,510,662$8,435,168$5,318,921$18,848,934
92$39,065,818$8,781,560$5,430,174$20,411,769
93$42,981,492$9,142,817$5,543,045$22,121,289
94$47,294,390$9,519,601$5,657,523$23,991,976
95$52,044,961$9,912,604$5,773,592$26,039,771
96$57,277,775$10,322,550$5,891,236$28,282,219
97$63,041,950$10,750,197$6,010,434$30,738,633
98$69,391,609$11,196,337$6,131,164$33,430,275
99$76,386,393$11,661,797$6,253,398$36,380,553
100$84,092,026$12,147,446$6,377,108$39,615,238