Can I retire at age 65 with 2,940,000?

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 $2,940,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$242,782$240,620$238,510$236,451$234,440$233,256
2 years$120,189$117,951$115,782$113,678$111,638$110,443
3 years$79,330$77,082$74,918$72,835$70,828$69,659
4 years$58,905$56,664$54,521$52,473$50,515$49,381
5 years$46,653$44,425$42,311$40,305$38,401$37,305
6 years$38,487$36,276$34,193$32,232$30,385$29,330
7 years$32,657$30,465$28,415$26,500$24,711$23,696
8 years$28,287$26,114$24,098$22,230$20,500$19,526
9 years$24,889$22,737$20,756$18,935$17,264$16,330
10 years$22,172$20,041$18,095$16,322$14,710$13,815
11 years$19,951$17,842$15,931$14,205$12,651$11,796
12 years$18,102$16,014$14,138$12,460$10,963$10,146
13 years$16,538$14,472$12,632$11,000$9,560$8,781
14 years$15,199$13,154$11,349$9,765$8,380$7,638
15 years$14,039$12,017$10,247$8,708$7,379$6,672
16 years$13,025$11,025$9,290$7,797$6,521$5,850
17 years$12,132$10,154$8,454$7,006$5,782$5,144
18 years$11,338$9,383$7,717$6,314$5,141$4,536
19 years$10,629$8,696$7,065$5,705$4,583$4,009
20 years$9,992$8,080$6,484$5,167$4,093$3,551
21 years$9,416$7,527$5,964$4,689$3,663$3,150
22 years$8,893$7,026$5,497$4,264$3,283$2,799
23 years$8,417$6,571$5,075$3,883$2,947$2,490
24 years$7,981$6,157$4,694$3,542$2,649$2,218
25 years$7,580$5,778$4,347$3,234$2,384$1,978
26 years$7,210$5,430$4,032$2,957$2,147$1,765
27 years$6,869$5,110$3,744$2,707$1,936$1,576
28 years$6,553$4,816$3,480$2,480$1,747$1,409
29 years$6,259$4,543$3,239$2,274$1,577$1,260
30 years$5,985$4,290$3,017$2,087$1,425$1,128
31 years$5,729$4,056$2,813$1,917$1,289$1,010
32 years$5,489$3,838$2,624$1,762$1,166$905
33 years$5,265$3,634$2,450$1,620$1,055$811
34 years$5,054$3,444$2,289$1,491$955$727
35 years$4,856$3,267$2,140$1,372$865$652
36 years$4,669$3,101$2,002$1,264$784$585
37 years$4,493$2,945$1,874$1,164$710$525
38 years$4,327$2,799$1,755$1,073$644$471
39 years$4,169$2,661$1,644$990$584$423
40 years$4,019$2,532$1,541$913$530$379
41 years$3,878$2,410$1,445$842$481$341
42 years$3,743$2,296$1,356$777$436$306
43 years$3,615$2,187$1,272$717$396$275
44 years$3,493$2,085$1,194$662$359$247
45 years$3,377$1,988$1,121$612$326$222
46 years$3,266$1,897$1,053$565$296$199
47 years$3,161$1,810$989$522$269$179
48 years$3,060$1,728$930$482$244$161
49 years$2,963$1,650$874$446$222$145
50 years$2,870$1,576$821$412$201$130

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $2,940,000, adding $6,851 every year, while hoping to spend $30,776 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: 59/26/15 Blend
64$2,940,000$2,940,000$2,940,000$2,940,000
65$3,246,947$3,091,127$3,045,557$3,425,760
66$3,545,390$3,209,847$3,114,838$3,666,025
67$3,873,243$3,333,352$3,185,408$3,923,894
68$4,233,473$3,461,846$3,257,278$4,204,378
69$4,629,349$3,595,538$3,330,458$4,509,662
70$5,064,472$3,734,649$3,404,958$4,842,149
71$5,542,810$3,879,408$3,480,786$5,204,483
72$6,068,734$4,030,057$3,557,950$5,599,572
73$6,647,059$4,186,844$3,636,456$6,030,618
74$7,283,093$4,350,033$3,716,311$6,501,141
75$7,982,680$4,519,896$3,797,519$7,015,019
76$8,752,261$4,696,719$3,880,083$7,576,518
77$9,598,933$4,880,799$3,964,007$8,190,333
78$10,530,514$5,072,449$4,049,292$8,861,634
79$11,555,620$5,271,992$4,135,937$9,596,110
80$12,683,744$5,479,770$4,223,941$10,400,026
81$13,925,343$5,696,137$4,313,301$11,280,278
82$15,291,944$5,921,463$4,404,012$12,244,460
83$16,796,243$6,156,136$4,496,067$13,300,933
84$18,452,234$6,400,560$4,589,459$14,458,903
85$20,275,332$6,655,158$4,684,177$15,728,509
86$22,282,528$6,920,372$4,780,209$17,120,914
87$24,492,539$7,196,664$4,877,539$18,648,413
88$26,925,993$7,484,516$4,976,152$20,324,547
89$29,605,619$7,784,431$5,076,027$22,164,227
90$32,556,461$8,096,938$5,177,143$24,183,878
91$35,806,118$8,422,586$5,279,476$26,401,591
92$39,385,001$8,761,951$5,382,997$28,837,290
93$43,326,619$9,115,635$5,487,675$31,512,923
94$47,667,899$9,484,266$5,593,477$34,452,665
95$52,449,532$9,868,502$5,700,366$37,683,145
96$57,716,355$10,269,030$5,808,299$41,233,698
97$63,517,780$10,686,568$5,917,233$45,136,639
98$69,908,251$11,121,868$6,027,119$49,427,565
99$76,947,768$11,575,715$6,137,903$54,145,692
100$84,702,446$12,048,931$6,249,528$59,334,221