Can I retire at age 65 with 2,960,000?

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 $2,960,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$244,434$242,257$240,132$238,059$236,035$234,645
2 years$121,007$118,753$116,569$114,451$112,397$110,996
3 years$79,870$77,607$75,428$73,330$71,310$69,939
4 years$59,306$57,049$54,892$52,830$50,859$49,530
5 years$46,970$44,727$42,599$40,579$38,662$37,379
6 years$38,749$36,523$34,426$32,451$30,592$29,356
7 years$32,879$30,672$28,608$26,680$24,879$23,691
8 years$28,479$26,292$24,262$22,381$20,640$19,499
9 years$25,058$22,892$20,897$19,064$17,382$16,289
10 years$22,323$20,178$18,218$16,433$14,810$13,764
11 years$20,087$17,963$16,039$14,302$12,737$11,738
12 years$18,225$16,123$14,234$12,545$11,038$10,084
13 years$16,650$14,570$12,717$11,075$9,625$8,716
14 years$15,302$13,244$11,427$9,831$8,437$7,571
15 years$14,135$12,099$10,317$8,768$7,429$6,605
16 years$13,114$11,100$9,354$7,850$6,566$5,783
17 years$12,214$10,223$8,511$7,054$5,822$5,079
18 years$11,416$9,446$7,770$6,357$5,176$4,472
19 years$10,702$8,755$7,113$5,744$4,614$3,947
20 years$10,060$8,135$6,528$5,202$4,121$3,490
21 years$9,480$7,578$6,004$4,721$3,688$3,092
22 years$8,954$7,074$5,534$4,293$3,306$2,743
23 years$8,474$6,616$5,110$3,909$2,967$2,437
24 years$8,035$6,199$4,726$3,566$2,667$2,167
25 years$7,631$5,817$4,377$3,256$2,400$1,929
26 years$7,260$5,467$4,059$2,977$2,162$1,719
27 years$6,916$5,145$3,769$2,725$1,949$1,533
28 years$6,597$4,848$3,504$2,497$1,759$1,368
29 years$6,301$4,574$3,261$2,290$1,588$1,222
30 years$6,025$4,319$3,037$2,101$1,435$1,092
31 years$5,768$4,083$2,832$1,930$1,297$976
32 years$5,527$3,864$2,642$1,774$1,173$873
33 years$5,301$3,659$2,467$1,631$1,062$781
34 years$5,089$3,468$2,305$1,501$962$699
35 years$4,889$3,289$2,155$1,382$871$626
36 years$4,701$3,122$2,016$1,272$789$560
37 years$4,524$2,965$1,887$1,172$715$502
38 years$4,356$2,818$1,767$1,081$648$450
39 years$4,197$2,680$1,655$996$588$403
40 years$4,047$2,549$1,552$919$533$361
41 years$3,904$2,427$1,455$848$484$324
42 years$3,769$2,311$1,365$782$439$290
43 years$3,640$2,202$1,281$722$398$260
44 years$3,517$2,099$1,202$667$362$233
45 years$3,400$2,002$1,129$616$328$209
46 years$3,288$1,909$1,060$569$298$188
47 years$3,182$1,822$996$526$271$168
48 years$3,080$1,740$936$486$246$151
49 years$2,983$1,661$880$449$223$136
50 years$2,890$1,587$827$415$203$122

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $2,960,000, adding $3,949 every year, while hoping to spend $58,557 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: 52/38/10 Blend
64$2,960,000$2,960,000$2,960,000$2,960,000
65$3,265,993$3,109,113$3,063,233$3,427,179
66$3,536,821$3,199,156$3,103,548$3,627,412
67$3,833,309$3,291,648$3,143,250$3,838,432
68$4,158,016$3,386,647$3,182,257$4,066,553
69$4,513,754$3,484,214$3,220,484$4,313,405
70$4,903,624$3,584,407$3,257,836$4,580,777
71$5,331,038$3,687,288$3,294,219$4,870,640
72$5,799,757$3,792,918$3,329,528$5,185,162
73$6,313,922$3,901,360$3,363,657$5,526,730
74$6,878,092$4,012,677$3,396,490$5,897,972
75$7,497,293$4,126,934$3,427,908$6,301,780
76$8,177,058$4,244,194$3,457,784$6,741,337
77$8,923,483$4,364,525$3,485,984$7,220,149
78$9,743,282$4,487,991$3,512,369$7,742,077
79$10,643,854$4,614,659$3,536,790$8,311,371
80$11,633,346$4,744,597$3,559,092$8,932,711
81$12,720,738$4,877,872$3,579,111$9,611,252
82$13,915,918$5,014,553$3,596,676$10,352,671
83$15,229,783$5,154,707$3,611,606$11,163,221
84$16,674,337$5,298,404$3,623,711$12,049,789
85$18,262,805$5,445,712$3,632,792$13,019,961
86$20,009,760$5,596,700$3,638,639$14,082,093
87$21,931,254$5,751,438$3,641,032$15,245,389
88$24,044,977$5,909,993$3,639,742$16,519,988
89$26,370,417$6,072,434$3,634,525$17,917,063
90$28,929,046$6,238,831$3,625,129$19,448,918
91$31,744,524$6,409,249$3,611,286$21,129,111
92$34,842,920$6,583,756$3,592,718$22,972,578
93$38,252,956$6,762,418$3,569,132$24,995,776
94$42,006,282$6,945,301$3,540,222$27,216,835
95$46,137,769$7,132,468$3,505,667$29,655,730
96$50,685,845$7,323,982$3,465,130$32,334,473
97$55,692,848$7,519,903$3,418,258$35,277,313
98$61,205,432$7,720,292$3,364,683$38,510,972
99$67,275,004$7,925,205$3,304,019$42,064,890
100$73,958,212$8,134,698$3,235,861$45,971,508