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%11.9%
1 years$246,911$244,712$242,566$240,472$238,427$236,528
2 years$122,233$119,957$117,751$115,611$113,537$111,622
3 years$80,679$78,393$76,192$74,073$72,032$70,162
4 years$59,907$57,627$55,449$53,366$51,374$49,562
5 years$47,446$45,180$43,030$40,990$39,054$37,306
6 years$39,142$36,893$34,775$32,780$30,902$29,220
7 years$33,213$30,983$28,898$26,950$25,131$23,516
8 years$28,768$26,558$24,508$22,608$20,849$19,301
9 years$25,312$23,124$21,109$19,257$17,558$16,076
10 years$22,550$20,382$18,403$16,600$14,960$13,544
11 years$20,291$18,145$16,202$14,447$12,866$11,514
12 years$18,410$16,286$14,379$12,672$11,150$9,861
13 years$16,819$14,718$12,846$11,187$9,723$8,496
14 years$15,457$13,378$11,542$9,931$8,523$7,356
15 years$14,278$12,221$10,421$8,856$7,504$6,396
16 years$13,247$11,213$9,448$7,930$6,632$5,581
17 years$12,338$10,326$8,598$7,125$5,881$4,884
18 years$11,531$9,542$7,849$6,421$5,229$4,286
19 years$10,810$8,844$7,185$5,802$4,660$3,769
20 years$10,162$8,218$6,594$5,255$4,163$3,321
21 years$9,576$7,655$6,065$4,769$3,725$2,931
22 years$9,045$7,145$5,590$4,336$3,339$2,591
23 years$8,560$6,683$5,161$3,949$2,997$2,293
24 years$8,116$6,261$4,773$3,602$2,694$2,031
25 years$7,709$5,876$4,421$3,289$2,424$1,801
26 years$7,333$5,523$4,100$3,008$2,184$1,599
27 years$6,986$5,197$3,808$2,753$1,969$1,420
28 years$6,664$4,897$3,540$2,522$1,777$1,263
29 years$6,365$4,620$3,294$2,313$1,604$1,123
30 years$6,086$4,363$3,068$2,123$1,449$999
31 years$5,826$4,125$2,860$1,950$1,310$890
32 years$5,583$3,903$2,669$1,792$1,185$792
33 years$5,355$3,696$2,492$1,648$1,073$706
34 years$5,140$3,503$2,328$1,516$971$629
35 years$4,939$3,323$2,177$1,396$880$561
36 years$4,749$3,154$2,036$1,285$797$500
37 years$4,570$2,995$1,906$1,184$722$446
38 years$4,400$2,846$1,785$1,091$655$398
39 years$4,240$2,707$1,672$1,006$594$355
40 years$4,088$2,575$1,567$928$539$317
41 years$3,944$2,451$1,470$856$489$283
42 years$3,807$2,335$1,379$790$443$253
43 years$3,676$2,224$1,294$730$402$226
44 years$3,553$2,120$1,214$674$365$201
45 years$3,434$2,022$1,140$622$332$180
46 years$3,322$1,929$1,071$575$301$161
47 years$3,214$1,841$1,006$531$273$143
48 years$3,112$1,757$945$491$248$128
49 years$3,013$1,678$889$453$226$114
50 years$2,919$1,603$835$419$205$102

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 $2,227 every year, while hoping to spend $55,694 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: 52/32/16 Blend
64$2,990,000$2,990,000$2,990,000$2,990,000
65$3,297,277$3,138,807$3,092,462$3,454,306
66$3,574,341$3,233,351$3,136,802$3,656,703
67$3,877,800$3,330,660$3,180,760$3,870,669
68$4,210,285$3,430,813$3,224,265$4,102,152
69$4,574,698$3,533,886$3,267,242$4,352,829
70$4,974,233$3,639,962$3,309,610$4,624,543
71$5,412,406$3,749,122$3,351,284$4,919,325
72$5,893,094$3,861,452$3,392,174$5,239,408
73$6,420,564$3,977,037$3,432,186$5,587,252
74$6,999,516$4,095,966$3,471,219$5,965,563
75$7,635,129$4,218,331$3,509,167$6,377,323
76$8,333,107$4,344,224$3,545,919$6,825,812
77$9,099,733$4,473,740$3,581,357$7,314,644
78$9,941,930$4,606,978$3,615,356$7,847,798
79$10,867,323$4,744,035$3,647,787$8,429,656
80$11,884,312$4,885,015$3,678,509$9,065,043
81$13,002,152$5,030,021$3,707,380$9,759,273
82$14,231,040$5,179,161$3,734,246$10,518,201
83$15,582,208$5,332,542$3,758,945$11,348,273
84$17,068,033$5,490,276$3,781,310$12,256,591
85$18,702,150$5,652,477$3,801,161$13,250,977
86$20,499,582$5,819,261$3,818,313$14,340,049
87$22,476,882$5,990,747$3,832,568$15,533,299
88$24,652,285$6,167,055$3,843,720$16,841,185
89$27,045,887$6,348,309$3,851,554$18,275,227
90$29,679,826$6,534,636$3,855,840$19,848,117
91$32,578,498$6,726,163$3,856,340$21,573,837
92$35,768,782$6,923,021$3,852,805$23,467,795
93$39,280,294$7,125,346$3,844,970$25,546,962
94$43,145,667$7,333,271$3,832,560$27,830,039
95$47,400,861$7,546,936$3,815,286$30,337,631
96$52,085,495$7,766,483$3,792,844$33,092,441
97$57,243,229$7,992,055$3,764,918$36,119,481
98$62,922,171$8,223,797$3,731,175$39,446,315
99$69,175,328$8,461,859$3,691,265$43,103,310
100$76,061,113$8,706,391$3,644,824$47,123,930