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%18.9%
1 years$255,995$253,715$251,490$249,319$247,198$238,333
2 years$126,730$124,370$122,083$119,865$117,714$108,877
3 years$83,648$81,277$78,996$76,799$74,682$66,154
4 years$62,110$59,747$57,489$55,329$53,264$45,108
5 years$49,192$46,843$44,613$42,498$40,490$32,728
6 years$40,582$38,251$36,054$33,986$32,039$24,676
7 years$34,434$32,123$29,961$27,942$26,056$19,091
8 years$29,826$27,535$25,410$23,440$21,616$15,043
9 years$26,243$23,974$21,885$19,965$18,204$12,014
10 years$23,379$21,132$19,080$17,210$15,511$9,693
11 years$21,037$18,813$16,798$14,978$13,340$7,883
12 years$19,087$16,885$14,908$13,138$11,560$6,450
13 years$17,438$15,259$13,319$11,599$10,080$5,304
14 years$16,026$13,870$11,967$10,296$8,836$4,379
15 years$14,803$12,671$10,805$9,182$7,780$3,627
16 years$13,734$11,625$9,796$8,222$6,876$3,012
17 years$12,792$10,706$8,914$7,387$6,097$2,507
18 years$11,956$9,893$8,137$6,657$5,421$2,090
19 years$11,208$9,169$7,449$6,015$4,832$1,745
20 years$10,536$8,520$6,837$5,448$4,316$1,458
21 years$9,929$7,936$6,288$4,945$3,862$1,220
22 years$9,377$7,408$5,796$4,496$3,462$1,022
23 years$8,875$6,929$5,351$4,094$3,108$856
24 years$8,415$6,492$4,949$3,734$2,793$718
25 years$7,992$6,092$4,584$3,410$2,514$602
26 years$7,603$5,726$4,251$3,118$2,264$506
27 years$7,243$5,389$3,948$2,854$2,041$424
28 years$6,909$5,078$3,670$2,615$1,842$356
29 years$6,599$4,790$3,415$2,398$1,663$299
30 years$6,310$4,524$3,181$2,201$1,503$252
31 years$6,041$4,276$2,966$2,021$1,359$211
32 years$5,788$4,046$2,767$1,858$1,229$178
33 years$5,552$3,832$2,584$1,708$1,112$149
34 years$5,329$3,632$2,414$1,572$1,007$126
35 years$5,120$3,445$2,257$1,447$912$106
36 years$4,924$3,270$2,111$1,333$826$89
37 years$4,738$3,105$1,976$1,228$749$75
38 years$4,562$2,951$1,850$1,132$679$63
39 years$4,396$2,806$1,734$1,043$616$53
40 years$4,238$2,670$1,625$962$559$44
41 years$4,089$2,542$1,524$888$507$37
42 years$3,947$2,420$1,429$819$460$31
43 years$3,812$2,306$1,341$756$417$26
44 years$3,683$2,198$1,259$698$379$22
45 years$3,561$2,096$1,182$645$344$19
46 years$3,444$2,000$1,110$596$312$16
47 years$3,333$1,908$1,043$550$283$13
48 years$3,226$1,822$980$509$257$11
49 years$3,124$1,740$921$470$234$9
50 years$3,027$1,662$866$435$212$8

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 $4,907 every year, while hoping to spend $43,898 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: 65/9/26 Blend
64$3,100,000$3,100,000$3,100,000$3,100,000
65$3,421,262$3,256,962$3,208,912$3,620,004
66$3,723,523$3,369,846$3,269,703$3,867,618
67$4,055,144$3,486,790$3,331,060$4,132,803
68$4,419,073$3,607,946$3,392,954$4,421,676
69$4,818,557$3,733,474$3,455,357$4,736,570
70$5,257,173$3,863,538$3,518,235$5,080,054
71$5,738,863$3,998,310$3,581,554$5,454,959
72$6,267,967$4,137,967$3,645,276$5,864,401
73$6,849,268$4,282,695$3,709,361$6,311,811
74$7,488,033$4,432,687$3,773,764$6,800,971
75$8,190,067$4,588,144$3,838,440$7,336,043
76$8,961,763$4,749,272$3,903,337$7,921,614
77$9,810,166$4,916,289$3,968,402$8,562,736
78$10,743,037$5,089,421$4,033,577$9,264,974
79$11,768,926$5,268,902$4,098,801$10,034,459
80$12,897,253$5,454,975$4,164,008$10,877,944
81$14,138,399$5,647,895$4,229,128$11,802,869
82$15,503,799$5,847,925$4,294,087$12,817,431
83$17,006,053$6,055,340$4,358,805$13,930,660
84$18,659,044$6,270,425$4,423,199$15,152,505
85$20,478,069$6,493,479$4,487,179$16,493,927
86$22,479,983$6,724,810$4,550,650$17,967,004
87$24,683,355$6,964,740$4,613,511$19,585,040
88$27,108,650$7,213,605$4,675,657$21,362,697
89$29,778,415$7,471,753$4,736,973$23,316,129
90$32,717,492$7,739,549$4,797,341$25,463,133
91$35,953,259$8,017,369$4,856,634$27,823,320
92$39,515,879$8,305,607$4,914,719$30,418,299
93$43,438,591$8,604,674$4,971,454$33,271,879
94$47,758,020$8,914,997$5,026,691$36,410,297
95$52,514,525$9,237,019$5,080,272$39,862,460
96$57,752,577$9,571,203$5,132,032$43,660,222
97$63,521,180$9,918,032$5,181,795$47,838,685
98$69,874,332$10,278,007$5,229,377$52,436,524
99$76,871,537$10,651,652$5,274,584$57,496,360
100$84,578,362$11,039,511$5,317,210$63,065,156