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

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 $2,930,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$241,957$239,801$237,699$235,646$233,642$232,658
2 years$119,781$117,550$115,388$113,292$111,258$110,264
3 years$79,060$76,820$74,664$72,587$70,587$69,614
4 years$58,704$56,471$54,336$52,295$50,343$49,399
5 years$46,494$44,274$42,167$40,167$38,270$37,358
6 years$38,356$36,153$34,077$32,122$30,282$29,402
7 years$32,546$30,361$28,318$26,409$24,627$23,781
8 years$28,190$26,025$24,016$22,154$20,431$19,618
9 years$24,804$22,660$20,685$18,870$17,206$16,426
10 years$22,097$19,973$18,034$16,267$14,660$13,913
11 years$19,884$17,781$15,877$14,157$12,608$11,894
12 years$18,040$15,959$14,090$12,417$10,926$10,243
13 years$16,482$14,423$12,589$10,963$9,528$8,876
14 years$15,147$13,110$11,311$9,731$8,352$7,731
15 years$13,991$11,976$10,212$8,679$7,354$6,762
16 years$12,981$10,988$9,259$7,771$6,499$5,937
17 years$12,091$10,119$8,425$6,982$5,763$5,228
18 years$11,300$9,351$7,691$6,292$5,124$4,617
19 years$10,593$8,666$7,041$5,686$4,567$4,086
20 years$9,958$8,053$6,462$5,149$4,079$3,624
21 years$9,384$7,501$5,944$4,673$3,651$3,220
22 years$8,863$7,002$5,478$4,249$3,272$2,865
23 years$8,388$6,549$5,058$3,870$2,937$2,553
24 years$7,953$6,136$4,678$3,530$2,640$2,277
25 years$7,554$5,758$4,332$3,223$2,376$2,033
26 years$7,186$5,412$4,018$2,947$2,140$1,818
27 years$6,846$5,093$3,731$2,698$1,929$1,626
28 years$6,530$4,799$3,469$2,472$1,741$1,456
29 years$6,237$4,527$3,228$2,267$1,572$1,304
30 years$5,964$4,276$3,007$2,080$1,420$1,169
31 years$5,709$4,042$2,803$1,910$1,284$1,048
32 years$5,471$3,824$2,615$1,756$1,162$941
33 years$5,247$3,622$2,442$1,615$1,051$844
34 years$5,037$3,433$2,282$1,486$952$758
35 years$4,840$3,256$2,133$1,368$862$681
36 years$4,654$3,090$1,995$1,259$781$612
37 years$4,478$2,935$1,868$1,160$708$550
38 years$4,312$2,789$1,749$1,070$642$494
39 years$4,155$2,652$1,639$986$582$445
40 years$4,006$2,524$1,536$910$528$400
41 years$3,865$2,402$1,440$839$479$360
42 years$3,730$2,288$1,351$775$435$324
43 years$3,603$2,180$1,268$715$394$291
44 years$3,481$2,078$1,190$660$358$262
45 years$3,366$1,981$1,117$610$325$236
46 years$3,255$1,890$1,049$563$295$212
47 years$3,150$1,804$986$520$268$191
48 years$3,049$1,722$926$481$243$172
49 years$2,953$1,644$871$444$221$155
50 years$2,861$1,571$819$411$201$139

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 $6,342 every year, while hoping to spend $44,879 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: 41/37/22 Blend
64$2,930,000$2,930,000$2,930,000$2,930,000
65$3,235,402$3,080,112$3,034,697$3,346,862
66$3,517,662$3,183,286$3,088,608$3,530,350
67$3,827,208$3,290,012$3,142,822$3,724,061
68$4,166,777$3,400,416$3,197,299$3,932,827
69$4,539,381$3,514,630$3,252,002$4,158,052
70$4,948,340$3,632,789$3,306,886$4,401,279
71$5,397,310$3,755,035$3,361,906$4,664,205
72$5,890,319$3,881,514$3,417,013$4,948,694
73$6,431,802$4,012,380$3,472,154$5,256,800
74$7,026,649$4,147,788$3,527,273$5,590,778
75$7,680,241$4,287,905$3,582,312$5,953,111
76$8,398,512$4,432,898$3,637,205$6,346,531
77$9,187,995$4,582,945$3,691,886$6,774,044
78$10,055,890$4,738,229$3,746,284$7,238,957
79$11,010,128$4,898,939$3,800,321$7,744,911
80$12,059,446$5,065,273$3,853,918$8,295,911
81$13,213,474$5,237,435$3,906,988$8,896,368
82$14,482,817$5,415,638$3,959,441$9,551,136
83$15,879,162$5,600,102$4,011,180$10,265,559
84$17,415,387$5,791,057$4,062,105$11,045,521
85$19,105,677$5,988,740$4,112,106$11,897,501
86$20,965,666$6,193,398$4,161,071$12,828,631
87$23,012,576$6,405,287$4,208,880$13,846,765
88$25,265,387$6,624,673$4,255,405$14,960,553
89$27,745,008$6,851,834$4,300,513$16,179,520
90$30,474,481$7,087,056$4,344,062$17,514,155
91$33,479,194$7,330,638$4,385,904$18,976,013
92$36,787,121$7,582,889$4,425,881$20,577,816
93$40,429,088$7,844,131$4,463,829$22,333,581
94$44,439,061$8,114,699$4,499,573$24,258,743
95$48,854,467$8,394,941$4,532,930$26,370,308
96$53,716,546$8,685,217$4,563,707$28,687,004
97$59,070,744$8,985,902$4,591,702$31,229,465
98$64,967,135$9,297,388$4,616,700$34,020,418
99$71,460,901$9,620,077$4,638,477$37,084,901
100$78,612,845$9,954,393$4,656,798$40,450,498