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%13%
1 years$241,957$239,801$237,699$235,646$233,642$230,723
2 years$119,781$117,550$115,388$113,292$111,258$108,321
3 years$79,060$76,820$74,664$72,587$70,587$67,722
4 years$58,704$56,471$54,336$52,295$50,343$47,574
5 years$46,494$44,274$42,167$40,167$38,270$35,604
6 years$38,356$36,153$34,077$32,122$30,282$27,722
7 years$32,546$30,361$28,318$26,409$24,627$22,175
8 years$28,190$26,025$24,016$22,154$20,431$18,086
9 years$24,804$22,660$20,685$18,870$17,206$14,967
10 years$22,097$19,973$18,034$16,267$14,660$12,526
11 years$19,884$17,781$15,877$14,157$12,608$10,577
12 years$18,040$15,959$14,090$12,417$10,926$8,995
13 years$16,482$14,423$12,589$10,963$9,528$7,695
14 years$15,147$13,110$11,311$9,731$8,352$6,614
15 years$13,991$11,976$10,212$8,679$7,354$5,708
16 years$12,981$10,988$9,259$7,771$6,499$4,944
17 years$12,091$10,119$8,425$6,982$5,763$4,293
18 years$11,300$9,351$7,691$6,292$5,124$3,738
19 years$10,593$8,666$7,041$5,686$4,567$3,261
20 years$9,958$8,053$6,462$5,149$4,079$2,850
21 years$9,384$7,501$5,944$4,673$3,651$2,495
22 years$8,863$7,002$5,478$4,249$3,272$2,187
23 years$8,388$6,549$5,058$3,870$2,937$1,919
24 years$7,953$6,136$4,678$3,530$2,640$1,686
25 years$7,554$5,758$4,332$3,223$2,376$1,483
26 years$7,186$5,412$4,018$2,947$2,140$1,305
27 years$6,846$5,093$3,731$2,698$1,929$1,149
28 years$6,530$4,799$3,469$2,472$1,741$1,012
29 years$6,237$4,527$3,228$2,267$1,572$892
30 years$5,964$4,276$3,007$2,080$1,420$787
31 years$5,709$4,042$2,803$1,910$1,284$694
32 years$5,471$3,824$2,615$1,756$1,162$613
33 years$5,247$3,622$2,442$1,615$1,051$541
34 years$5,037$3,433$2,282$1,486$952$478
35 years$4,840$3,256$2,133$1,368$862$422
36 years$4,654$3,090$1,995$1,259$781$373
37 years$4,478$2,935$1,868$1,160$708$330
38 years$4,312$2,789$1,749$1,070$642$291
39 years$4,155$2,652$1,639$986$582$257
40 years$4,006$2,524$1,536$910$528$228
41 years$3,865$2,402$1,440$839$479$201
42 years$3,730$2,288$1,351$775$435$178
43 years$3,603$2,180$1,268$715$394$157
44 years$3,481$2,078$1,190$660$358$139
45 years$3,366$1,981$1,117$610$325$123
46 years$3,255$1,890$1,049$563$295$109
47 years$3,150$1,804$986$520$268$96
48 years$3,049$1,722$926$481$243$85
49 years$2,953$1,644$871$444$221$75
50 years$2,861$1,571$819$411$201$67

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 $4,338 every year, while hoping to spend $23,289 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: 71/12/17 Blend
64$2,930,000$2,930,000$2,930,000$2,930,000
65$3,233,335$3,078,045$3,032,630$3,449,732
66$3,538,355$3,204,090$3,109,443$3,720,206
67$3,873,708$3,335,530$3,188,050$4,013,014
68$4,242,461$3,472,606$3,268,485$4,332,989
69$4,647,997$3,615,568$3,350,783$4,682,813
70$5,094,040$3,764,679$3,434,982$5,065,442
71$5,584,696$3,920,212$3,521,119$5,484,128
72$6,124,488$4,082,455$3,609,229$5,942,452
73$6,718,398$4,251,708$3,699,350$6,444,358
74$7,371,918$4,428,285$3,791,521$6,994,187
75$8,091,096$4,612,513$3,885,780$7,596,722
76$8,882,598$4,804,737$3,982,164$8,257,227
77$9,753,769$5,005,315$4,080,712$8,981,502
78$10,712,702$5,214,624$4,181,465$9,775,931
79$11,768,313$5,433,056$4,284,459$10,647,550
80$12,930,429$5,661,023$4,389,736$11,604,104
81$14,209,875$5,898,956$4,497,335$12,654,125
82$15,618,582$6,147,305$4,607,296$13,807,011
83$17,169,695$6,406,540$4,719,658$15,073,115
84$18,877,700$6,677,156$4,834,462$16,463,838
85$20,758,556$6,959,668$4,951,747$17,991,742
86$22,829,853$7,254,616$5,071,555$19,670,662
87$25,110,971$7,562,565$5,193,925$21,515,840
88$27,623,265$7,884,106$5,318,897$23,544,068
89$30,390,270$8,219,858$5,446,511$25,773,843
90$33,437,916$8,570,470$5,576,808$28,225,543
91$36,794,778$8,936,618$5,709,826$30,921,619
92$40,492,346$9,319,013$5,845,606$33,886,804
93$44,565,318$9,718,397$5,984,186$37,148,348
94$49,051,929$10,135,547$6,125,605$40,736,271
95$53,994,315$10,571,278$6,269,901$44,683,651
96$59,438,905$11,026,441$6,417,113$49,026,928
97$65,436,864$11,501,927$6,567,277$53,806,255
98$72,044,574$11,998,671$6,720,431$59,065,869
99$79,324,164$12,517,650$6,876,609$64,854,512
100$87,344,100$13,059,886$7,035,847$71,225,887