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%19.8%
1 years$238,653$236,528$234,454$232,429$230,453$221,397
2 years$118,145$115,945$113,812$111,745$109,739$100,726
3 years$77,981$75,771$73,644$71,596$69,623$60,937
4 years$57,903$55,700$53,594$51,581$49,656$41,363
5 years$45,859$43,669$41,591$39,619$37,748$29,868
6 years$37,833$35,659$33,612$31,684$29,868$22,408
7 years$32,102$29,947$27,932$26,049$24,291$17,248
8 years$27,805$25,670$23,688$21,852$20,152$13,518
9 years$24,466$22,350$20,403$18,613$16,971$10,737
10 years$21,795$19,701$17,788$16,044$14,460$8,613
11 years$19,612$17,538$15,660$13,964$12,436$6,964
12 years$17,794$15,741$13,898$12,248$10,777$5,664
13 years$16,257$14,226$12,417$10,813$9,398$4,629
14 years$14,940$12,931$11,156$9,599$8,238$3,798
15 years$13,800$11,812$10,073$8,560$7,253$3,125
16 years$12,804$10,838$9,132$7,665$6,410$2,578
17 years$11,925$9,981$8,310$6,887$5,684$2,132
18 years$11,146$9,223$7,586$6,206$5,054$1,765
19 years$10,449$8,548$6,945$5,608$4,505$1,464
20 years$9,822$7,943$6,374$5,079$4,024$1,215
21 years$9,256$7,399$5,862$4,610$3,601$1,010
22 years$8,742$6,906$5,403$4,191$3,228$840
23 years$8,274$6,459$4,989$3,817$2,897$699
24 years$7,845$6,052$4,614$3,481$2,604$582
25 years$7,451$5,679$4,273$3,179$2,343$484
26 years$7,088$5,338$3,963$2,907$2,111$404
27 years$6,752$5,024$3,680$2,661$1,903$336
28 years$6,441$4,734$3,421$2,438$1,717$280
29 years$6,152$4,466$3,184$2,236$1,551$234
30 years$5,883$4,217$2,966$2,052$1,401$195
31 years$5,631$3,987$2,765$1,884$1,267$163
32 years$5,396$3,772$2,580$1,732$1,146$136
33 years$5,176$3,572$2,409$1,593$1,037$113
34 years$4,968$3,386$2,250$1,465$939$94
35 years$4,774$3,211$2,104$1,349$850$79
36 years$4,590$3,048$1,968$1,242$770$66
37 years$4,417$2,895$1,842$1,145$698$55
38 years$4,253$2,751$1,725$1,055$633$46
39 years$4,098$2,616$1,616$973$574$38
40 years$3,951$2,489$1,515$897$521$32
41 years$3,812$2,369$1,421$828$472$27
42 years$3,679$2,257$1,332$764$429$22
43 years$3,554$2,150$1,250$705$389$19
44 years$3,434$2,049$1,174$651$353$15
45 years$3,320$1,954$1,102$601$321$13
46 years$3,211$1,864$1,035$555$291$11
47 years$3,107$1,779$972$513$264$9
48 years$3,007$1,698$914$474$240$8
49 years$2,913$1,622$859$438$218$6
50 years$2,822$1,549$808$405$198$5

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 $6,828 every year, while hoping to spend $52,395 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: 56/22/22 Blend
64$2,890,000$2,890,000$2,890,000$2,890,000
65$3,191,823$3,038,653$2,993,858$3,351,182
66$3,461,641$3,131,799$3,038,404$3,554,043
67$3,757,225$3,227,753$3,082,687$3,768,798
68$4,081,146$3,326,598$3,126,642$4,001,638
69$4,436,239$3,428,418$3,170,201$4,254,316
70$4,825,625$3,533,299$3,213,291$4,528,761
71$5,252,740$3,641,332$3,255,837$4,827,097
72$5,721,369$3,752,607$3,297,758$5,151,664
73$6,235,684$3,867,220$3,338,968$5,505,037
74$6,800,277$3,985,267$3,379,377$5,890,054
75$7,420,208$4,106,848$3,418,889$6,309,837
76$8,101,051$4,232,065$3,457,403$6,767,828
77$8,848,945$4,361,023$3,494,813$7,267,815
78$9,670,654$4,493,830$3,531,006$7,813,973
79$10,573,629$4,630,596$3,565,863$8,410,897
80$11,566,080$4,771,436$3,599,260$9,063,653
81$12,657,050$4,916,466$3,631,065$9,777,818
82$13,856,503$5,065,807$3,661,140$10,559,537
83$15,175,415$5,219,581$3,689,337$11,415,581
84$16,625,882$5,377,914$3,715,504$12,353,407
85$18,221,227$5,540,937$3,739,479$13,381,230
86$19,976,132$5,708,783$3,761,091$14,508,105
87$21,906,771$5,881,587$3,780,162$15,744,003
88$24,030,968$6,059,491$3,796,503$17,099,913
89$26,368,359$6,242,638$3,809,918$18,587,942
90$28,940,579$6,431,175$3,820,198$20,221,429
91$31,771,470$6,625,255$3,827,126$22,015,071
92$34,887,299$6,825,031$3,830,474$23,985,063
93$38,317,008$7,030,663$3,830,000$26,149,250
94$42,092,492$7,242,313$3,825,453$28,527,293
95$46,248,889$7,460,150$3,816,570$31,140,856
96$50,824,923$7,684,345$3,803,072$34,013,814
97$55,863,259$7,915,072$3,784,669$37,172,470
98$61,410,913$8,152,512$3,761,057$40,645,811
99$67,519,690$8,396,849$3,731,916$44,465,779
100$74,246,676$8,648,271$3,696,912$48,667,569