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

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 $2,890,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$238,653$236,528$234,454$232,429$230,453$229,096
2 years$118,145$115,945$113,812$111,745$109,739$108,371
3 years$77,981$75,771$73,644$71,596$69,623$68,285
4 years$57,903$55,700$53,594$51,581$49,656$48,358
5 years$45,859$43,669$41,591$39,619$37,748$36,495
6 years$37,833$35,659$33,612$31,684$29,868$28,661
7 years$32,102$29,947$27,932$26,049$24,291$23,131
8 years$27,805$25,670$23,688$21,852$20,152$19,038
9 years$24,466$22,350$20,403$18,613$16,971$15,904
10 years$21,795$19,701$17,788$16,044$14,460$13,439
11 years$19,612$17,538$15,660$13,964$12,436$11,460
12 years$17,794$15,741$13,898$12,248$10,777$9,845
13 years$16,257$14,226$12,417$10,813$9,398$8,509
14 years$14,940$12,931$11,156$9,599$8,238$7,392
15 years$13,800$11,812$10,073$8,560$7,253$6,449
16 years$12,804$10,838$9,132$7,665$6,410$5,646
17 years$11,925$9,981$8,310$6,887$5,684$4,959
18 years$11,146$9,223$7,586$6,206$5,054$4,366
19 years$10,449$8,548$6,945$5,608$4,505$3,854
20 years$9,822$7,943$6,374$5,079$4,024$3,408
21 years$9,256$7,399$5,862$4,610$3,601$3,019
22 years$8,742$6,906$5,403$4,191$3,228$2,678
23 years$8,274$6,459$4,989$3,817$2,897$2,379
24 years$7,845$6,052$4,614$3,481$2,604$2,116
25 years$7,451$5,679$4,273$3,179$2,343$1,884
26 years$7,088$5,338$3,963$2,907$2,111$1,679
27 years$6,752$5,024$3,680$2,661$1,903$1,497
28 years$6,441$4,734$3,421$2,438$1,717$1,336
29 years$6,152$4,466$3,184$2,236$1,551$1,193
30 years$5,883$4,217$2,966$2,052$1,401$1,066
31 years$5,631$3,987$2,765$1,884$1,267$953
32 years$5,396$3,772$2,580$1,732$1,146$852
33 years$5,176$3,572$2,409$1,593$1,037$762
34 years$4,968$3,386$2,250$1,465$939$682
35 years$4,774$3,211$2,104$1,349$850$611
36 years$4,590$3,048$1,968$1,242$770$547
37 years$4,417$2,895$1,842$1,145$698$490
38 years$4,253$2,751$1,725$1,055$633$439
39 years$4,098$2,616$1,616$973$574$393
40 years$3,951$2,489$1,515$897$521$353
41 years$3,812$2,369$1,421$828$472$316
42 years$3,679$2,257$1,332$764$429$283
43 years$3,554$2,150$1,250$705$389$254
44 years$3,434$2,049$1,174$651$353$228
45 years$3,320$1,954$1,102$601$321$204
46 years$3,211$1,864$1,035$555$291$183
47 years$3,107$1,779$972$513$264$164
48 years$3,007$1,698$914$474$240$148
49 years$2,913$1,622$859$438$218$132
50 years$2,822$1,549$808$405$198$119

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 $4,980 every year, while hoping to spend $45,389 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: 49/34/17 Blend
64$2,890,000$2,890,000$2,890,000$2,890,000
65$3,189,917$3,036,747$2,991,952$3,330,877
66$3,466,995$3,137,254$3,043,889$3,529,330
67$3,770,814$3,241,165$3,096,044$3,739,720
68$4,104,053$3,348,598$3,148,378$3,967,288
69$4,469,663$3,459,676$3,200,846$4,213,664
70$4,870,897$3,574,528$3,253,402$4,480,639
71$5,311,334$3,693,286$3,305,997$4,770,188
72$5,794,919$3,816,086$3,358,577$5,084,479
73$6,325,998$3,943,071$3,411,086$5,425,899
74$6,909,357$4,074,389$3,463,464$5,797,076
75$7,550,268$4,210,191$3,515,647$6,200,900
76$8,254,542$4,350,636$3,567,568$6,640,553
77$9,028,577$4,495,889$3,619,153$7,119,535
78$9,879,424$4,646,120$3,670,327$7,641,703
79$10,814,850$4,801,505$3,721,007$8,211,297
80$11,843,412$4,962,226$3,771,109$8,832,991
81$12,974,540$5,128,475$3,820,541$9,511,927
82$14,218,621$5,300,448$3,869,207$10,253,767
83$15,587,099$5,478,349$3,917,004$11,064,746
84$17,092,584$5,662,389$3,963,825$11,951,731
85$18,748,971$5,852,789$4,009,556$12,922,281
86$20,571,566$6,049,776$4,054,077$13,984,724
87$22,577,238$6,253,587$4,097,260$15,148,230
88$24,784,570$6,464,467$4,138,972$16,422,897
89$27,214,041$6,682,670$4,179,072$17,819,850
90$29,888,213$6,908,461$4,217,411$19,351,341
91$32,831,948$7,142,113$4,253,832$21,030,864
92$36,072,641$7,383,911$4,288,170$22,873,285
93$39,640,478$7,634,150$4,320,251$24,894,978
94$43,568,719$7,893,136$4,349,892$27,113,982
95$47,894,016$8,161,187$4,376,900$29,550,166
96$52,656,754$8,438,633$4,401,075$32,225,421
97$57,901,433$8,725,817$4,422,201$35,163,861
98$63,677,091$9,023,094$4,440,057$38,392,053
99$70,037,762$9,330,834$4,454,407$41,939,264
100$77,042,989$9,649,419$4,465,004$45,837,741