Can I retire at age 65 with 2,930,000?

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 $2,930,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.7%
1 years$241,957$239,801$237,699$235,646$233,642$228,179
2 years$119,781$117,550$115,388$113,292$111,258$105,786
3 years$79,060$76,820$74,664$72,587$70,587$65,275
4 years$58,704$56,471$54,336$52,295$50,343$45,234
5 years$46,494$44,274$42,167$40,167$38,270$33,377
6 years$38,356$36,153$34,077$32,122$30,282$25,610
7 years$32,546$30,361$28,318$26,409$24,627$20,178
8 years$28,190$26,025$24,016$22,154$20,431$16,201
9 years$24,804$22,660$20,685$18,870$17,206$13,193
10 years$22,097$19,973$18,034$16,267$14,660$10,860
11 years$19,884$17,781$15,877$14,157$12,608$9,016
12 years$18,040$15,959$14,090$12,417$10,926$7,535
13 years$16,482$14,423$12,589$10,963$9,528$6,332
14 years$15,147$13,110$11,311$9,731$8,352$5,344
15 years$13,991$11,976$10,212$8,679$7,354$4,528
16 years$12,981$10,988$9,259$7,771$6,499$3,847
17 years$12,091$10,119$8,425$6,982$5,763$3,277
18 years$11,300$9,351$7,691$6,292$5,124$2,798
19 years$10,593$8,666$7,041$5,686$4,567$2,393
20 years$9,958$8,053$6,462$5,149$4,079$2,050
21 years$9,384$7,501$5,944$4,673$3,651$1,758
22 years$8,863$7,002$5,478$4,249$3,272$1,509
23 years$8,388$6,549$5,058$3,870$2,937$1,297
24 years$7,953$6,136$4,678$3,530$2,640$1,116
25 years$7,554$5,758$4,332$3,223$2,376$960
26 years$7,186$5,412$4,018$2,947$2,140$827
27 years$6,846$5,093$3,731$2,698$1,929$712
28 years$6,530$4,799$3,469$2,472$1,741$614
29 years$6,237$4,527$3,228$2,267$1,572$530
30 years$5,964$4,276$3,007$2,080$1,420$457
31 years$5,709$4,042$2,803$1,910$1,284$394
32 years$5,471$3,824$2,615$1,756$1,162$340
33 years$5,247$3,622$2,442$1,615$1,051$294
34 years$5,037$3,433$2,282$1,486$952$253
35 years$4,840$3,256$2,133$1,368$862$219
36 years$4,654$3,090$1,995$1,259$781$189
37 years$4,478$2,935$1,868$1,160$708$163
38 years$4,312$2,789$1,749$1,070$642$141
39 years$4,155$2,652$1,639$986$582$122
40 years$4,006$2,524$1,536$910$528$105
41 years$3,865$2,402$1,440$839$479$91
42 years$3,730$2,288$1,351$775$435$79
43 years$3,603$2,180$1,268$715$394$68
44 years$3,481$2,078$1,190$660$358$59
45 years$3,366$1,981$1,117$610$325$51
46 years$3,255$1,890$1,049$563$295$44
47 years$3,150$1,804$986$520$268$38
48 years$3,049$1,722$926$481$243$33
49 years$2,953$1,644$871$444$221$28
50 years$2,861$1,571$819$411$201$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $2,930,000, adding $4,925 every year, while hoping to spend $52,554 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: 55/40/5 Blend
64$2,930,000$2,930,000$2,930,000$2,930,000
65$3,233,940$3,078,650$3,033,235$3,408,242
66$3,507,885$3,173,587$3,078,931$3,621,197
67$3,808,011$3,271,414$3,124,397$3,846,637
68$4,136,933$3,372,218$3,169,569$4,090,769
69$4,497,530$3,476,088$3,214,380$4,355,371
70$4,892,976$3,583,113$3,258,760$4,642,401
71$5,326,763$3,693,389$3,302,631$4,954,013
72$5,802,739$3,807,012$3,345,916$5,292,574
73$6,325,144$3,924,080$3,388,529$5,660,692
74$6,898,645$4,044,697$3,430,382$6,061,233
75$7,528,386$4,168,966$3,471,378$6,497,356
76$8,220,031$4,296,996$3,511,420$6,972,533
77$8,979,823$4,428,898$3,550,401$7,490,589
78$9,814,637$4,564,785$3,588,211$8,055,733
79$10,732,045$4,704,775$3,624,732$8,672,599
80$11,740,393$4,848,988$3,659,840$9,346,289
81$12,848,874$4,997,549$3,693,405$10,082,420
82$14,067,615$5,150,585$3,725,290$10,887,178
83$15,407,774$5,308,226$3,755,350$11,767,372
84$16,881,646$5,470,608$3,783,432$12,730,503
85$18,502,774$5,637,868$3,809,378$13,784,829
86$20,286,082$5,810,148$3,833,017$14,939,449
87$22,248,012$5,987,595$3,854,173$16,204,378
88$24,406,680$6,170,359$3,872,659$17,590,651
89$26,782,048$6,358,593$3,888,280$19,110,422
90$29,396,109$6,552,456$3,900,829$20,777,076
91$32,273,097$6,752,111$3,910,091$22,605,358
92$35,439,712$6,957,724$3,915,839$24,611,512
93$38,925,378$7,169,467$3,917,834$26,813,430
94$42,762,511$7,387,516$3,915,827$29,230,821
95$46,986,835$7,612,052$3,909,554$31,885,400
96$51,637,710$7,843,261$3,898,742$34,801,086
97$56,758,509$8,081,332$3,883,102$38,004,234
98$62,397,022$8,326,463$3,862,331$41,523,877
99$68,605,911$8,578,852$3,836,112$45,392,000
100$75,443,205$8,838,708$3,804,113$49,643,845