Can I retire at age 65 with 3,100,000?

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 $3,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.9%
1 years$255,995$253,715$251,490$249,319$247,198$239,285
2 years$126,730$124,370$122,083$119,865$117,714$109,814
3 years$83,648$81,277$78,996$76,799$74,682$67,045
4 years$62,110$59,747$57,489$55,329$53,264$45,947
5 years$49,192$46,843$44,613$42,498$40,490$33,513
6 years$40,582$38,251$36,054$33,986$32,039$25,407
7 years$34,434$32,123$29,961$27,942$26,056$19,769
8 years$29,826$27,535$25,410$23,440$21,616$15,670
9 years$26,243$23,974$21,885$19,965$18,204$12,591
10 years$23,379$21,132$19,080$17,210$15,511$10,223
11 years$21,037$18,813$16,798$14,978$13,340$8,368
12 years$19,087$16,885$14,908$13,138$11,560$6,893
13 years$17,438$15,259$13,319$11,599$10,080$5,707
14 years$16,026$13,870$11,967$10,296$8,836$4,745
15 years$14,803$12,671$10,805$9,182$7,780$3,958
16 years$13,734$11,625$9,796$8,222$6,876$3,310
17 years$12,792$10,706$8,914$7,387$6,097$2,775
18 years$11,956$9,893$8,137$6,657$5,421$2,331
19 years$11,208$9,169$7,449$6,015$4,832$1,961
20 years$10,536$8,520$6,837$5,448$4,316$1,652
21 years$9,929$7,936$6,288$4,945$3,862$1,393
22 years$9,377$7,408$5,796$4,496$3,462$1,176
23 years$8,875$6,929$5,351$4,094$3,108$993
24 years$8,415$6,492$4,949$3,734$2,793$839
25 years$7,992$6,092$4,584$3,410$2,514$710
26 years$7,603$5,726$4,251$3,118$2,264$600
27 years$7,243$5,389$3,948$2,854$2,041$508
28 years$6,909$5,078$3,670$2,615$1,842$430
29 years$6,599$4,790$3,415$2,398$1,663$364
30 years$6,310$4,524$3,181$2,201$1,503$309
31 years$6,041$4,276$2,966$2,021$1,359$262
32 years$5,788$4,046$2,767$1,858$1,229$222
33 years$5,552$3,832$2,584$1,708$1,112$188
34 years$5,329$3,632$2,414$1,572$1,007$159
35 years$5,120$3,445$2,257$1,447$912$135
36 years$4,924$3,270$2,111$1,333$826$114
37 years$4,738$3,105$1,976$1,228$749$97
38 years$4,562$2,951$1,850$1,132$679$82
39 years$4,396$2,806$1,734$1,043$616$70
40 years$4,238$2,670$1,625$962$559$59
41 years$4,089$2,542$1,524$888$507$50
42 years$3,947$2,420$1,429$819$460$43
43 years$3,812$2,306$1,341$756$417$36
44 years$3,683$2,198$1,259$698$379$31
45 years$3,561$2,096$1,182$645$344$26
46 years$3,444$2,000$1,110$596$312$22
47 years$3,333$1,908$1,043$550$283$19
48 years$3,226$1,822$980$509$257$16
49 years$3,124$1,740$921$470$234$13
50 years$3,027$1,662$866$435$212$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $3,100,000, adding $5,623 every year, while hoping to spend $23,989 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: 32/48/20 Blend
64$3,100,000$3,100,000$3,100,000$3,100,000
65$3,422,000$3,257,700$3,209,650$3,510,121
66$3,745,520$3,391,803$3,291,649$3,710,649
67$4,101,235$3,531,674$3,375,591$3,923,917
68$4,492,403$3,677,568$3,461,516$4,153,133
69$4,922,616$3,829,756$3,549,464$4,399,705
70$5,395,827$3,988,519$3,639,476$4,665,179
71$5,916,396$4,154,151$3,731,593$4,951,250
72$6,489,124$4,326,960$3,825,857$5,259,773
73$7,119,302$4,507,268$3,922,310$5,592,785
74$7,812,759$4,695,412$4,020,996$5,952,521
75$8,575,918$4,891,745$4,121,957$6,341,433
76$9,415,857$5,096,636$4,225,237$6,762,210
77$10,340,372$5,310,469$4,330,881$7,217,806
78$11,358,058$5,533,650$4,438,933$7,711,464
79$12,478,381$5,766,600$4,549,439$8,246,745
80$13,711,774$6,009,761$4,662,443$8,827,559
81$15,069,731$6,263,596$4,777,991$9,458,202
82$16,564,920$6,528,589$4,896,131$10,143,394
83$18,211,298$6,805,245$5,016,907$10,888,322
84$20,024,244$7,094,096$5,140,367$11,698,686
85$22,020,706$7,395,695$5,266,558$12,580,752
86$24,219,357$7,710,623$5,395,526$13,541,406
87$26,640,775$8,039,488$5,527,321$14,588,221
88$29,307,637$8,382,925$5,661,988$15,729,523
89$32,244,927$8,741,600$5,799,576$16,974,468
90$35,480,180$9,116,209$5,940,132$18,333,127
91$39,043,736$9,507,481$6,083,705$19,816,576
92$42,969,030$9,916,180$6,230,341$21,436,999
93$47,292,902$10,343,104$6,380,089$23,207,800
94$52,055,952$10,789,090$6,532,996$25,143,728
95$57,302,918$11,255,014$6,689,110$27,261,008
96$63,083,097$11,741,791$6,848,477$29,577,498
97$69,450,816$12,250,382$7,011,143$32,112,848
98$76,465,939$12,781,791$7,177,157$34,888,683
99$84,194,436$13,337,070$7,346,563$37,928,807
100$92,709,002$13,917,320$7,519,406$41,259,418