Can I retire at age 65 with 2,900,000?

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 $2,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.6%
1 years$239,479$237,346$235,265$233,234$231,250$224,117
2 years$118,554$116,346$114,206$112,132$110,119$102,995
3 years$78,251$76,033$73,899$71,844$69,864$62,972
4 years$58,103$55,893$53,780$51,759$49,828$43,221
5 years$46,018$43,821$41,735$39,756$37,878$31,575
6 years$37,964$35,783$33,728$31,793$29,972$23,977
7 years$32,213$30,050$28,028$26,139$24,375$18,688
8 years$27,902$25,759$23,770$21,927$20,221$14,839
9 years$24,550$22,428$20,473$18,677$17,029$11,946
10 years$21,871$19,769$17,849$16,100$14,510$9,718
11 years$19,680$17,599$15,714$14,012$12,479$7,969
12 years$17,855$15,796$13,946$12,290$10,814$6,578
13 years$16,313$14,275$12,460$10,850$9,430$5,457
14 years$14,992$12,975$11,195$9,632$8,266$4,546
15 years$13,848$11,853$10,108$8,590$7,278$3,800
16 years$12,848$10,875$9,164$7,691$6,433$3,186
17 years$11,967$10,016$8,339$6,911$5,704$2,677
18 years$11,184$9,255$7,612$6,228$5,071$2,253
19 years$10,485$8,577$6,969$5,627$4,520$1,900
20 years$9,856$7,970$6,396$5,097$4,038$1,604
21 years$9,288$7,424$5,883$4,626$3,613$1,356
22 years$8,772$6,930$5,422$4,206$3,239$1,147
23 years$8,302$6,482$5,006$3,830$2,907$971
24 years$7,872$6,073$4,630$3,493$2,613$823
25 years$7,477$5,699$4,288$3,190$2,351$697
26 years$7,112$5,356$3,977$2,917$2,118$591
27 years$6,776$5,041$3,693$2,670$1,910$502
28 years$6,463$4,750$3,433$2,446$1,723$426
29 years$6,173$4,481$3,195$2,243$1,556$362
30 years$5,903$4,232$2,976$2,059$1,406$307
31 years$5,651$4,001$2,774$1,891$1,271$261
32 years$5,415$3,785$2,588$1,738$1,150$222
33 years$5,193$3,585$2,417$1,598$1,040$188
34 years$4,986$3,398$2,258$1,470$942$160
35 years$4,790$3,223$2,111$1,354$853$136
36 years$4,606$3,059$1,975$1,247$773$116
37 years$4,432$2,905$1,849$1,149$701$98
38 years$4,268$2,761$1,731$1,059$635$83
39 years$4,112$2,625$1,622$976$576$71
40 years$3,965$2,498$1,520$900$522$60
41 years$3,825$2,378$1,425$831$474$51
42 years$3,692$2,264$1,337$767$430$44
43 years$3,566$2,157$1,255$708$390$37
44 years$3,446$2,056$1,178$653$354$32
45 years$3,331$1,961$1,106$603$322$27
46 years$3,222$1,871$1,039$557$292$23
47 years$3,118$1,785$976$515$265$19
48 years$3,018$1,704$917$476$241$16
49 years$2,923$1,628$862$440$219$14
50 years$2,831$1,555$810$406$199$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $2,900,000, adding $5,688 every year, while hoping to spend $36,978 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: 72/18/10 Blend
64$2,900,000$2,900,000$2,900,000$2,900,000
65$3,201,667$3,047,967$3,003,017$3,425,707
66$3,488,893$3,157,973$3,064,274$3,684,577
67$3,804,176$3,272,130$3,126,343$3,962,811
68$4,150,340$3,390,603$3,189,214$4,266,449
69$4,530,494$3,513,561$3,252,872$4,597,987
70$4,948,064$3,641,185$3,317,302$4,960,177
71$5,406,822$3,773,659$3,382,488$5,356,045
72$5,910,927$3,911,177$3,448,410$5,788,925
73$6,464,958$4,053,941$3,515,048$6,262,486
74$7,073,960$4,202,160$3,582,378$6,780,770
75$7,743,491$4,356,054$3,650,376$7,348,225
76$8,479,677$4,515,850$3,719,013$7,969,751
77$9,289,263$4,681,786$3,788,259$8,650,742
78$10,179,685$4,854,110$3,858,082$9,397,142
79$11,159,130$5,033,080$3,928,446$10,215,492
80$12,236,625$5,218,964$3,999,312$11,113,001
81$13,422,111$5,412,043$4,070,639$12,097,606
82$14,726,543$5,612,610$4,142,382$13,178,049
83$16,161,991$5,820,969$4,214,493$14,363,960
84$17,741,756$6,037,437$4,286,920$15,665,947
85$19,480,490$6,262,347$4,359,607$17,095,694
86$21,394,341$6,496,043$4,432,495$18,666,070
87$23,501,101$6,738,886$4,505,520$20,391,256
88$25,820,373$6,991,251$4,578,615$22,286,868
89$28,373,758$7,253,530$4,651,706$24,370,114
90$31,185,060$7,526,132$4,724,717$26,659,948
91$34,280,506$7,809,482$4,797,564$29,177,253
92$37,688,996$8,104,025$4,870,161$31,945,034
93$41,442,376$8,410,225$4,942,414$34,988,638
94$45,575,738$8,728,565$5,014,224$38,335,988
95$50,127,749$9,059,551$5,085,487$42,017,850
96$55,141,019$9,403,708$5,156,090$46,068,120
97$60,662,500$9,761,587$5,225,916$50,524,144
98$66,743,930$10,133,760$5,294,840$55,427,069
99$73,442,323$10,520,826$5,362,729$60,822,230
100$80,820,503$10,923,410$5,429,443$66,759,580