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%13.7%
1 years$255,995$253,715$251,490$249,319$247,198$243,404
2 years$126,730$124,370$122,083$119,865$117,714$113,900
3 years$83,648$81,277$78,996$76,799$74,682$70,968
4 years$62,110$59,747$57,489$55,329$53,264$49,678
5 years$49,192$46,843$44,613$42,498$40,490$37,043
6 years$40,582$38,251$36,054$33,986$32,039$28,733
7 years$34,434$32,123$29,961$27,942$26,056$22,894
8 years$29,826$27,535$25,410$23,440$21,616$18,597
9 years$26,243$23,974$21,885$19,965$18,204$15,326
10 years$23,379$21,132$19,080$17,210$15,511$12,772
11 years$21,037$18,813$16,798$14,978$13,340$10,738
12 years$19,087$16,885$14,908$13,138$11,560$9,091
13 years$17,438$15,259$13,319$11,599$10,080$7,742
14 years$16,026$13,870$11,967$10,296$8,836$6,623
15 years$14,803$12,671$10,805$9,182$7,780$5,689
16 years$13,734$11,625$9,796$8,222$6,876$4,903
17 years$12,792$10,706$8,914$7,387$6,097$4,237
18 years$11,956$9,893$8,137$6,657$5,421$3,670
19 years$11,208$9,169$7,449$6,015$4,832$3,186
20 years$10,536$8,520$6,837$5,448$4,316$2,770
21 years$9,929$7,936$6,288$4,945$3,862$2,412
22 years$9,377$7,408$5,796$4,496$3,462$2,103
23 years$8,875$6,929$5,351$4,094$3,108$1,836
24 years$8,415$6,492$4,949$3,734$2,793$1,604
25 years$7,992$6,092$4,584$3,410$2,514$1,403
26 years$7,603$5,726$4,251$3,118$2,264$1,227
27 years$7,243$5,389$3,948$2,854$2,041$1,075
28 years$6,909$5,078$3,670$2,615$1,842$942
29 years$6,599$4,790$3,415$2,398$1,663$825
30 years$6,310$4,524$3,181$2,201$1,503$724
31 years$6,041$4,276$2,966$2,021$1,359$635
32 years$5,788$4,046$2,767$1,858$1,229$557
33 years$5,552$3,832$2,584$1,708$1,112$489
34 years$5,329$3,632$2,414$1,572$1,007$429
35 years$5,120$3,445$2,257$1,447$912$377
36 years$4,924$3,270$2,111$1,333$826$331
37 years$4,738$3,105$1,976$1,228$749$291
38 years$4,562$2,951$1,850$1,132$679$256
39 years$4,396$2,806$1,734$1,043$616$225
40 years$4,238$2,670$1,625$962$559$197
41 years$4,089$2,542$1,524$888$507$173
42 years$3,947$2,420$1,429$819$460$152
43 years$3,812$2,306$1,341$756$417$134
44 years$3,683$2,198$1,259$698$379$118
45 years$3,561$2,096$1,182$645$344$104
46 years$3,444$2,000$1,110$596$312$91
47 years$3,333$1,908$1,043$550$283$80
48 years$3,226$1,822$980$509$257$70
49 years$3,124$1,740$921$470$234$62
50 years$3,027$1,662$866$435$212$54

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 $6,066 every year, while hoping to spend $34,067 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: 70/22/8 Blend
64$3,100,000$3,100,000$3,100,000$3,100,000
65$3,422,457$3,258,157$3,210,107$3,656,882
66$3,735,301$3,381,560$3,281,399$3,936,189
67$4,078,913$3,509,867$3,353,937$4,236,957
68$4,456,395$3,643,284$3,427,727$4,565,138
69$4,871,166$3,782,024$3,502,774$4,923,418
70$5,326,990$3,926,309$3,579,083$5,314,755
71$5,828,016$4,076,371$3,656,655$5,742,401
72$6,378,814$4,232,452$3,735,493$6,209,938
73$6,984,417$4,394,807$3,815,596$6,721,308
74$7,650,373$4,563,698$3,896,964$7,280,851
75$8,382,793$4,739,401$3,979,595$7,893,345
76$9,188,411$4,922,205$4,063,484$8,564,050
77$10,074,645$5,112,409$4,148,627$9,298,758
78$11,049,669$5,310,327$4,235,016$10,103,846
79$12,122,489$5,516,287$4,322,642$10,986,336
80$13,303,027$5,730,629$4,411,495$11,953,961
81$14,602,218$5,953,712$4,501,563$13,015,236
82$16,032,108$6,185,908$4,592,829$14,179,540
83$17,605,972$6,427,606$4,685,277$15,457,200
84$19,338,435$6,679,213$4,778,888$16,859,592
85$21,245,614$6,941,153$4,873,640$18,399,243
86$23,345,267$7,213,870$4,969,507$20,089,954
87$25,656,962$7,497,827$5,066,463$21,946,924
88$28,202,259$7,793,508$5,164,477$23,986,893
89$31,004,918$8,101,418$5,263,515$26,228,304
90$34,091,118$8,422,086$5,363,541$28,691,470
91$37,489,707$8,756,063$5,464,515$31,398,769
92$41,232,473$9,103,926$5,566,392$34,374,852
93$45,354,444$9,466,277$5,669,124$37,646,875
94$49,894,217$9,843,745$5,772,660$41,244,752
95$54,894,327$10,236,988$5,876,944$45,201,443
96$60,401,641$10,646,693$5,981,914$49,553,254
97$66,467,806$11,073,579$6,087,506$54,340,186
98$73,149,734$11,518,396$6,193,649$59,606,309
99$80,510,138$11,981,928$6,300,267$65,400,176
100$88,618,126$12,464,996$6,407,280$71,775,278