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%18.2%
1 years$241,957$239,801$237,699$235,646$233,642$225,892
2 years$119,781$117,550$115,388$113,292$111,258$103,525
3 years$79,060$76,820$74,664$72,587$70,587$63,114
4 years$58,704$56,471$54,336$52,295$50,343$43,187
5 years$46,494$44,274$42,167$40,167$38,270$31,450
6 years$38,356$36,153$34,077$32,122$30,282$23,804
7 years$32,546$30,361$28,318$26,409$24,627$18,490
8 years$28,190$26,025$24,016$22,154$20,431$14,630
9 years$24,804$22,660$20,685$18,870$17,206$11,734
10 years$22,097$19,973$18,034$16,267$14,660$9,510
11 years$19,884$17,781$15,877$14,157$12,608$7,769
12 years$18,040$15,959$14,090$12,417$10,926$6,387
13 years$16,482$14,423$12,589$10,963$9,528$5,277
14 years$15,147$13,110$11,311$9,731$8,352$4,378
15 years$13,991$11,976$10,212$8,679$7,354$3,644
16 years$12,981$10,988$9,259$7,771$6,499$3,042
17 years$12,091$10,119$8,425$6,982$5,763$2,544
18 years$11,300$9,351$7,691$6,292$5,124$2,132
19 years$10,593$8,666$7,041$5,686$4,567$1,790
20 years$9,958$8,053$6,462$5,149$4,079$1,504
21 years$9,384$7,501$5,944$4,673$3,651$1,265
22 years$8,863$7,002$5,478$4,249$3,272$1,065
23 years$8,388$6,549$5,058$3,870$2,937$898
24 years$7,953$6,136$4,678$3,530$2,640$757
25 years$7,554$5,758$4,332$3,223$2,376$639
26 years$7,186$5,412$4,018$2,947$2,140$539
27 years$6,846$5,093$3,731$2,698$1,929$455
28 years$6,530$4,799$3,469$2,472$1,741$384
29 years$6,237$4,527$3,228$2,267$1,572$325
30 years$5,964$4,276$3,007$2,080$1,420$274
31 years$5,709$4,042$2,803$1,910$1,284$232
32 years$5,471$3,824$2,615$1,756$1,162$196
33 years$5,247$3,622$2,442$1,615$1,051$166
34 years$5,037$3,433$2,282$1,486$952$140
35 years$4,840$3,256$2,133$1,368$862$118
36 years$4,654$3,090$1,995$1,259$781$100
37 years$4,478$2,935$1,868$1,160$708$85
38 years$4,312$2,789$1,749$1,070$642$72
39 years$4,155$2,652$1,639$986$582$61
40 years$4,006$2,524$1,536$910$528$51
41 years$3,865$2,402$1,440$839$479$43
42 years$3,730$2,288$1,351$775$435$37
43 years$3,603$2,180$1,268$715$394$31
44 years$3,481$2,078$1,190$660$358$26
45 years$3,366$1,981$1,117$610$325$22
46 years$3,255$1,890$1,049$563$295$19
47 years$3,150$1,804$986$520$268$16
48 years$3,049$1,722$926$481$243$13
49 years$2,953$1,644$871$444$221$11
50 years$2,861$1,571$819$411$201$10

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 $6,089 every year, while hoping to spend $21,598 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: 45/43/12 Blend
64$2,930,000$2,930,000$2,930,000$2,930,000
65$3,235,141$3,079,851$3,034,436$3,369,419
66$3,542,145$3,207,783$3,113,109$3,591,204
67$3,879,740$3,341,261$3,193,694$3,828,870
68$4,251,023$3,480,532$3,276,233$4,086,100
69$4,659,406$3,625,857$3,360,766$4,364,707
70$5,108,650$3,777,509$3,447,336$4,666,686
71$5,602,898$3,935,772$3,535,987$4,994,224
72$6,146,713$4,100,945$3,626,762$5,349,724
73$6,745,126$4,273,339$3,719,707$5,735,828
74$7,403,678$4,453,281$3,814,866$6,155,436
75$8,128,474$4,641,113$3,912,285$6,611,735
76$8,926,242$4,837,191$4,012,010$7,108,229
77$9,804,395$5,041,891$4,114,089$7,648,769
78$10,771,102$5,255,602$4,218,570$8,237,588
79$11,835,363$5,478,735$4,325,500$8,879,340
80$13,007,095$5,711,718$4,434,930$9,579,142
81$14,297,227$5,955,000$4,546,908$10,342,622
82$15,717,799$6,209,050$4,661,484$11,175,969
83$17,282,080$6,474,359$4,778,710$12,085,992
84$19,004,692$6,751,442$4,898,636$13,080,180
85$20,901,745$7,040,838$5,021,315$14,166,770
86$22,990,993$7,343,108$5,146,798$15,354,829
87$25,291,998$7,658,844$5,275,140$16,654,328
88$27,826,317$7,988,663$5,406,392$18,076,245
89$30,617,704$8,333,210$5,540,609$19,632,656
90$33,692,336$8,693,163$5,677,846$21,336,855
91$37,079,056$9,069,230$5,818,156$23,203,471
92$40,809,650$9,462,153$5,961,594$25,248,609
93$44,919,143$9,872,707$6,108,216$27,489,995
94$49,446,132$10,301,707$6,258,078$29,947,142
95$54,433,149$10,750,002$6,411,235$32,641,534
96$59,927,063$11,218,484$6,567,744$35,596,820
97$65,979,520$11,708,087$6,727,660$38,839,042
98$72,647,434$12,219,786$6,891,040$42,396,870
99$79,993,523$12,754,606$7,057,941$46,301,874
100$88,086,899$13,313,618$7,228,418$50,588,818