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%13.4%
1 years$238,653$236,528$234,454$232,429$230,453$227,196
2 years$118,145$115,945$113,812$111,745$109,739$106,465
3 years$77,981$75,771$73,644$71,596$69,623$66,433
4 years$57,903$55,700$53,594$51,581$49,656$46,574
5 years$45,859$43,669$41,591$39,619$37,748$34,783
6 years$37,833$35,659$33,612$31,684$29,868$27,024
7 years$32,102$29,947$27,932$26,049$24,291$21,568
8 years$27,805$25,670$23,688$21,852$20,152$17,551
9 years$24,466$22,350$20,403$18,613$16,971$14,490
10 years$21,795$19,701$17,788$16,044$14,460$12,097
11 years$19,612$17,538$15,660$13,964$12,436$10,189
12 years$17,794$15,741$13,898$12,248$10,777$8,643
13 years$16,257$14,226$12,417$10,813$9,398$7,375
14 years$14,940$12,931$11,156$9,599$8,238$6,322
15 years$13,800$11,812$10,073$8,560$7,253$5,442
16 years$12,804$10,838$9,132$7,665$6,410$4,699
17 years$11,925$9,981$8,310$6,887$5,684$4,070
18 years$11,146$9,223$7,586$6,206$5,054$3,533
19 years$10,449$8,548$6,945$5,608$4,505$3,073
20 years$9,822$7,943$6,374$5,079$4,024$2,678
21 years$9,256$7,399$5,862$4,610$3,601$2,338
22 years$8,742$6,906$5,403$4,191$3,228$2,043
23 years$8,274$6,459$4,989$3,817$2,897$1,787
24 years$7,845$6,052$4,614$3,481$2,604$1,565
25 years$7,451$5,679$4,273$3,179$2,343$1,372
26 years$7,088$5,338$3,963$2,907$2,111$1,203
27 years$6,752$5,024$3,680$2,661$1,903$1,056
28 years$6,441$4,734$3,421$2,438$1,717$928
29 years$6,152$4,466$3,184$2,236$1,551$815
30 years$5,883$4,217$2,966$2,052$1,401$717
31 years$5,631$3,987$2,765$1,884$1,267$630
32 years$5,396$3,772$2,580$1,732$1,146$554
33 years$5,176$3,572$2,409$1,593$1,037$488
34 years$4,968$3,386$2,250$1,465$939$429
35 years$4,774$3,211$2,104$1,349$850$378
36 years$4,590$3,048$1,968$1,242$770$333
37 years$4,417$2,895$1,842$1,145$698$293
38 years$4,253$2,751$1,725$1,055$633$258
39 years$4,098$2,616$1,616$973$574$227
40 years$3,951$2,489$1,515$897$521$200
41 years$3,812$2,369$1,421$828$472$177
42 years$3,679$2,257$1,332$764$429$156
43 years$3,554$2,150$1,250$705$389$137
44 years$3,434$2,049$1,174$651$353$121
45 years$3,320$1,954$1,102$601$321$107
46 years$3,211$1,864$1,035$555$291$94
47 years$3,107$1,779$972$513$264$83
48 years$3,007$1,698$914$474$240$73
49 years$2,913$1,622$859$438$218$64
50 years$2,822$1,549$808$405$198$57

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 $2,598 every year, while hoping to spend $57,468 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: 70/22/8 Blend
64$2,890,000$2,890,000$2,890,000$2,890,000
65$3,187,460$3,034,290$2,989,495$3,406,004
66$3,451,435$3,121,825$3,028,497$3,638,477
67$3,740,410$3,211,722$3,066,880$3,885,476
68$4,056,874$3,304,038$3,104,563$4,154,184
69$4,403,567$3,398,829$3,141,458$4,446,724
70$4,783,509$3,496,150$3,177,475$4,765,428
71$5,200,025$3,596,059$3,212,518$5,112,868
72$5,656,776$3,698,615$3,246,487$5,491,873
73$6,157,796$3,803,875$3,279,273$5,905,560
74$6,707,527$3,911,901$3,310,764$6,357,359
75$7,310,862$4,022,751$3,340,842$6,851,050
76$7,973,191$4,136,487$3,369,381$7,390,794
77$8,700,451$4,253,170$3,396,250$7,981,175
78$9,499,183$4,372,860$3,421,309$8,627,240
79$10,376,590$4,495,621$3,444,414$9,334,551
80$11,340,610$4,621,515$3,465,410$10,109,230
81$12,399,988$4,750,604$3,484,136$10,958,026
82$13,564,354$4,882,952$3,500,423$11,888,368
83$14,844,323$5,018,621$3,514,092$12,908,444
84$16,251,585$5,157,674$3,524,955$14,027,272
85$17,799,022$5,300,175$3,532,816$15,254,787
86$19,500,825$5,446,187$3,537,468$16,601,933
87$21,372,630$5,595,771$3,538,695$18,080,771
88$23,431,666$5,748,991$3,536,268$19,704,584
89$25,696,913$5,905,909$3,529,950$21,488,009
90$28,189,283$6,066,584$3,519,489$23,447,174
91$30,931,822$6,231,078$3,504,623$25,599,845
92$33,949,917$6,399,450$3,485,077$27,965,599
93$37,271,544$6,571,758$3,460,563$30,566,006
94$40,927,526$6,748,060$3,430,777$33,424,833
95$44,951,830$6,928,410$3,395,403$36,568,267
96$49,381,877$7,112,863$3,354,110$40,025,161
97$54,258,905$7,301,471$3,306,550$43,827,310
98$59,628,353$7,494,282$3,252,359$48,009,746
99$65,540,289$7,691,345$3,191,156$52,611,072
100$72,049,881$7,892,704$3,122,543$57,673,823