Can I retire at age 65 with 2,910,000?

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 $2,910,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$240,305$238,165$236,076$234,038$232,047$229,433
2 years$118,963$116,747$114,600$112,518$110,499$107,867
3 years$78,521$76,296$74,154$72,091$70,105$67,537
4 years$58,304$56,085$53,965$51,938$49,999$47,516
5 years$46,177$43,972$41,879$39,893$38,009$35,616
6 years$38,095$35,906$33,845$31,903$30,075$27,777
7 years$32,324$30,154$28,125$26,229$24,459$22,256
8 years$27,998$25,847$23,852$22,003$20,291$18,183
9 years$24,635$22,505$20,544$18,742$17,088$15,074
10 years$21,946$19,837$17,911$16,156$14,560$12,638
11 years$19,748$17,660$15,768$14,060$12,522$10,692
12 years$17,917$15,850$13,994$12,333$10,851$9,110
13 years$16,369$14,324$12,503$10,888$9,463$7,808
14 years$15,044$13,020$11,234$9,665$8,295$6,725
15 years$13,896$11,894$10,142$8,620$7,303$5,816
16 years$12,892$10,913$9,196$7,718$6,455$5,047
17 years$12,008$10,050$8,368$6,934$5,723$4,393
18 years$11,223$9,287$7,639$6,249$5,089$3,833
19 years$10,521$8,607$6,993$5,647$4,536$3,351
20 years$9,890$7,998$6,418$5,114$4,051$2,935
21 years$9,320$7,450$5,903$4,641$3,626$2,575
22 years$8,803$6,954$5,441$4,220$3,250$2,263
23 years$8,331$6,504$5,023$3,843$2,917$1,990
24 years$7,899$6,094$4,646$3,505$2,622$1,752
25 years$7,502$5,719$4,303$3,201$2,359$1,545
26 years$7,137$5,375$3,991$2,927$2,125$1,362
27 years$6,799$5,058$3,706$2,679$1,916$1,202
28 years$6,486$4,766$3,445$2,455$1,729$1,062
29 years$6,195$4,497$3,206$2,251$1,561$938
30 years$5,924$4,246$2,986$2,066$1,411$830
31 years$5,670$4,014$2,784$1,897$1,275$734
32 years$5,433$3,798$2,597$1,744$1,154$649
33 years$5,211$3,597$2,425$1,604$1,044$575
34 years$5,003$3,409$2,266$1,475$945$509
35 years$4,807$3,234$2,119$1,358$856$451
36 years$4,622$3,069$1,982$1,251$776$399
37 years$4,447$2,915$1,855$1,152$703$354
38 years$4,282$2,770$1,737$1,062$637$313
39 years$4,126$2,634$1,627$979$578$278
40 years$3,978$2,506$1,525$903$524$246
41 years$3,838$2,386$1,430$834$476$218
42 years$3,705$2,272$1,342$769$432$193
43 years$3,578$2,165$1,259$710$392$172
44 years$3,457$2,064$1,182$656$356$152
45 years$3,343$1,968$1,110$606$323$135
46 years$3,233$1,877$1,042$559$293$120
47 years$3,128$1,791$979$517$266$106
48 years$3,028$1,710$920$477$242$94
49 years$2,933$1,633$865$441$219$83
50 years$2,841$1,560$813$408$199$74

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $2,910,000, adding $2,378 every year, while hoping to spend $33,155 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: 59/14/27 Blend
64$2,910,000$2,910,000$2,910,000$2,910,000
65$3,209,273$3,055,043$3,009,938$3,374,990
66$3,501,342$3,169,463$3,075,494$3,602,855
67$3,822,091$3,288,379$3,142,135$3,847,544
68$4,174,410$3,411,976$3,209,863$4,113,753
69$4,561,484$3,540,446$3,278,677$4,403,579
70$4,986,819$3,673,992$3,348,576$4,719,335
71$5,454,281$3,812,824$3,419,560$5,063,561
72$5,968,126$3,957,160$3,491,623$5,439,058
73$6,533,044$4,107,231$3,564,763$5,848,907
74$7,154,204$4,263,275$3,638,972$6,296,502
75$7,837,298$4,425,540$3,714,242$6,785,578
76$8,588,599$4,594,288$3,790,566$7,320,251
77$9,415,017$4,769,789$3,867,930$7,905,049
78$10,324,166$4,952,326$3,946,324$8,544,961
79$11,324,437$5,142,196$4,025,731$9,245,482
80$12,425,072$5,339,706$4,106,136$10,012,663
81$13,636,257$5,545,179$4,187,519$10,853,167
82$14,969,213$5,758,951$4,269,858$11,774,333
83$16,436,305$5,981,372$4,353,131$12,784,248
84$18,051,158$6,212,809$4,437,311$13,891,815
85$19,828,784$6,453,645$4,522,369$15,106,844
86$21,785,725$6,704,278$4,608,273$16,440,139
87$23,940,207$6,965,126$4,694,989$17,903,604
88$26,312,316$7,236,625$4,782,478$19,510,349
89$28,924,181$7,519,228$4,870,700$21,274,819
90$31,800,188$7,813,411$4,959,609$23,212,928
91$34,967,209$8,119,670$5,049,158$25,342,205
92$38,454,853$8,438,523$5,139,294$27,681,964
93$42,295,749$8,770,511$5,229,960$30,253,482
94$46,525,848$9,116,199$5,321,097$33,080,202
95$51,184,769$9,476,177$5,412,639$36,187,952
96$56,316,169$9,851,063$5,504,515$39,605,187
97$61,968,154$10,241,501$5,596,652$43,363,259
98$68,193,735$10,648,164$5,688,969$47,496,711
99$75,051,327$11,071,755$5,781,381$52,043,605
100$82,605,302$11,513,010$5,873,797$57,045,874