Can I retire at age 65 with 2,990,000?

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 $2,990,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$246,911$244,712$242,566$240,472$238,427$236,924
2 years$122,233$119,957$117,751$115,611$113,537$112,021
3 years$80,679$78,393$76,192$74,073$72,032$70,550
4 years$59,907$57,627$55,449$53,366$51,374$49,937
5 years$47,446$45,180$43,030$40,990$39,054$37,667
6 years$39,142$36,893$34,775$32,780$30,902$29,566
7 years$33,213$30,983$28,898$26,950$25,131$23,848
8 years$28,768$26,558$24,508$22,608$20,849$19,617
9 years$25,312$23,124$21,109$19,257$17,558$16,378
10 years$22,550$20,382$18,403$16,600$14,960$13,831
11 years$20,291$18,145$16,202$14,447$12,866$11,787
12 years$18,410$16,286$14,379$12,672$11,150$10,120
13 years$16,819$14,718$12,846$11,187$9,723$8,741
14 years$15,457$13,378$11,542$9,931$8,523$7,589
15 years$14,278$12,221$10,421$8,856$7,504$6,616
16 years$13,247$11,213$9,448$7,930$6,632$5,789
17 years$12,338$10,326$8,598$7,125$5,881$5,080
18 years$11,531$9,542$7,849$6,421$5,229$4,470
19 years$10,810$8,844$7,185$5,802$4,660$3,943
20 years$10,162$8,218$6,594$5,255$4,163$3,484
21 years$9,576$7,655$6,065$4,769$3,725$3,084
22 years$9,045$7,145$5,590$4,336$3,339$2,734
23 years$8,560$6,683$5,161$3,949$2,997$2,427
24 years$8,116$6,261$4,773$3,602$2,694$2,157
25 years$7,709$5,876$4,421$3,289$2,424$1,919
26 years$7,333$5,523$4,100$3,008$2,184$1,708
27 years$6,986$5,197$3,808$2,753$1,969$1,522
28 years$6,664$4,897$3,540$2,522$1,777$1,357
29 years$6,365$4,620$3,294$2,313$1,604$1,211
30 years$6,086$4,363$3,068$2,123$1,449$1,081
31 years$5,826$4,125$2,860$1,950$1,310$966
32 years$5,583$3,903$2,669$1,792$1,185$863
33 years$5,355$3,696$2,492$1,648$1,073$772
34 years$5,140$3,503$2,328$1,516$971$690
35 years$4,939$3,323$2,177$1,396$880$617
36 years$4,749$3,154$2,036$1,285$797$552
37 years$4,570$2,995$1,906$1,184$722$494
38 years$4,400$2,846$1,785$1,091$655$442
39 years$4,240$2,707$1,672$1,006$594$396
40 years$4,088$2,575$1,567$928$539$355
41 years$3,944$2,451$1,470$856$489$318
42 years$3,807$2,335$1,379$790$443$285
43 years$3,676$2,224$1,294$730$402$255
44 years$3,553$2,120$1,214$674$365$228
45 years$3,434$2,022$1,140$622$332$205
46 years$3,322$1,929$1,071$575$301$183
47 years$3,214$1,841$1,006$531$273$164
48 years$3,112$1,757$945$491$248$147
49 years$3,013$1,678$889$453$226$132
50 years$2,919$1,603$835$419$205$118

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $2,990,000, adding $3,168 every year, while hoping to spend $57,166 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: 58/19/23 Blend
64$2,990,000$2,990,000$2,990,000$2,990,000
65$3,298,248$3,139,778$3,093,433$3,468,973
66$3,573,845$3,232,803$3,136,239$3,678,721
67$3,875,637$3,328,470$3,178,562$3,900,889
68$4,206,235$3,426,848$3,220,328$4,141,880
69$4,568,516$3,528,009$3,261,454$4,403,529
70$4,965,647$3,632,024$3,301,855$4,687,854
71$5,401,116$3,738,966$3,341,440$4,997,078
72$5,878,766$3,848,911$3,380,114$5,333,650
73$6,402,828$3,961,936$3,417,776$5,700,264
74$6,977,964$4,078,118$3,454,319$6,099,892
75$7,609,309$4,197,538$3,489,631$6,535,805
76$8,302,517$4,320,276$3,523,592$7,011,605
77$9,063,821$4,446,416$3,556,079$7,531,262
78$9,900,082$4,576,042$3,586,959$8,099,148
79$10,818,862$4,709,240$3,616,094$8,720,080
80$11,828,490$4,846,097$3,643,338$9,399,365
81$12,938,143$4,986,703$3,668,536$10,142,850
82$14,157,929$5,131,147$3,691,528$10,956,976
83$15,498,987$5,279,522$3,712,143$11,848,839
84$16,973,586$5,431,921$3,730,202$12,826,258
85$18,595,246$5,588,439$3,745,518$13,897,850
86$20,378,861$5,749,173$3,757,894$15,073,106
87$22,340,843$5,914,221$3,767,121$16,362,487
88$24,499,272$6,083,681$3,772,982$17,777,516
89$26,874,070$6,257,653$3,775,250$19,330,895
90$29,487,187$6,436,240$3,773,683$21,036,614
91$32,362,810$6,619,545$3,768,030$22,910,095
92$35,527,585$6,807,672$3,758,028$24,968,328
93$39,010,876$7,000,726$3,743,400$27,230,035
94$42,845,037$7,198,812$3,723,855$29,715,849
95$47,065,716$7,402,039$3,699,089$32,448,505
96$51,712,195$7,610,515$3,668,784$35,453,054
97$56,827,756$7,824,347$3,632,606$38,757,106
98$62,460,093$8,043,647$3,590,204$42,391,082
99$68,661,760$8,268,523$3,541,214$46,388,508
100$75,490,666$8,499,086$3,485,250$50,786,328