Can I retire at age 65 with 3,500,000?

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 $3,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.3%
1 years$289,027$286,452$283,940$281,489$279,095$269,729
2 years$143,083$140,418$137,835$135,331$132,902$123,559
3 years$94,441$91,765$89,188$86,708$84,319$75,291
4 years$70,125$67,457$64,906$62,468$60,137$51,494
5 years$55,539$52,887$50,370$47,982$45,715$37,480
6 years$45,818$43,186$40,706$38,371$36,173$28,352
7 years$38,878$36,268$33,827$31,547$29,418$22,010
8 years$33,674$31,088$28,688$26,464$24,405$17,405
9 years$29,630$27,068$24,709$22,542$20,553$13,952
10 years$26,396$23,859$21,542$19,431$17,512$11,299
11 years$23,752$21,240$18,965$16,911$15,061$9,225
12 years$21,550$19,064$16,831$14,833$13,051$7,579
13 years$19,688$17,228$15,038$13,095$11,381$6,258
14 years$18,094$15,660$13,511$11,625$9,977$5,188
15 years$16,713$14,306$12,199$10,367$8,784$4,315
16 years$15,506$13,125$11,060$9,283$7,763$3,599
17 years$14,443$12,088$10,064$8,340$6,884$3,008
18 years$13,498$11,170$9,187$7,516$6,121$2,519
19 years$12,654$10,352$8,411$6,792$5,455$2,113
20 years$11,895$9,620$7,719$6,151$4,873$1,774
21 years$11,210$8,960$7,100$5,583$4,361$1,492
22 years$10,587$8,364$6,544$5,076$3,909$1,255
23 years$10,020$7,823$6,042$4,623$3,509$1,057
24 years$9,501$7,329$5,588$4,216$3,154$890
25 years$9,024$6,878$5,175$3,850$2,838$750
26 years$8,584$6,464$4,800$3,521$2,556$633
27 years$8,177$6,084$4,457$3,223$2,305$534
28 years$7,801$5,733$4,143$2,953$2,080$451
29 years$7,451$5,408$3,856$2,708$1,878$380
30 years$7,124$5,107$3,592$2,485$1,697$321
31 years$6,820$4,828$3,348$2,282$1,534$271
32 years$6,535$4,569$3,124$2,097$1,388$229
33 years$6,268$4,326$2,917$1,929$1,256$193
34 years$6,017$4,100$2,725$1,775$1,137$163
35 years$5,781$3,889$2,548$1,634$1,030$138
36 years$5,559$3,691$2,384$1,504$933$117
37 years$5,349$3,506$2,231$1,386$846$99
38 years$5,151$3,332$2,089$1,278$767$83
39 years$4,963$3,168$1,957$1,178$695$70
40 years$4,785$3,014$1,835$1,087$631$59
41 years$4,616$2,869$1,720$1,003$572$50
42 years$4,456$2,733$1,614$925$519$43
43 years$4,304$2,604$1,514$854$471$36
44 years$4,158$2,482$1,421$789$428$30
45 years$4,020$2,367$1,335$728$388$26
46 years$3,888$2,258$1,254$673$352$22
47 years$3,763$2,155$1,178$622$320$18
48 years$3,642$2,057$1,107$574$291$15
49 years$3,527$1,964$1,040$531$264$13
50 years$3,417$1,876$978$491$240$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $3,500,000, adding $2,077 every year, while hoping to spend $48,701 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: 28/49/23 Blend
64$3,500,000$3,500,000$3,500,000$3,500,000
65$3,859,142$3,673,642$3,619,392$3,939,284
66$4,200,957$3,801,833$3,688,825$4,130,403
67$4,576,005$3,934,674$3,758,950$4,331,177
68$4,987,625$4,072,339$3,829,742$4,545,876
69$5,439,492$4,215,014$3,901,168$4,775,724
70$5,935,659$4,362,888$3,973,196$5,022,059
71$6,480,587$4,516,160$4,045,788$5,286,353
72$7,079,191$4,675,036$4,118,907$5,570,218
73$7,736,887$4,839,732$4,192,509$5,875,425
74$8,459,640$5,010,469$4,266,548$6,203,920
75$9,254,022$5,187,481$4,340,976$6,557,839
76$10,127,273$5,371,008$4,415,740$6,939,526
77$11,087,370$5,561,302$4,490,782$7,351,558
78$12,143,101$5,758,625$4,566,043$7,796,769
79$13,304,148$5,963,249$4,641,456$8,278,269
80$14,581,179$6,175,456$4,716,953$8,799,480
81$15,985,948$6,395,542$4,792,459$9,364,162
82$17,531,404$6,623,813$4,867,896$9,976,449
83$19,231,816$6,860,588$4,943,179$10,640,890
84$21,102,904$7,106,200$5,018,218$11,362,484
85$23,161,990$7,360,994$5,092,919$12,146,731
86$25,428,161$7,625,331$5,167,180$12,999,682
87$27,922,447$7,899,585$5,240,893$13,927,993
88$30,668,018$8,184,147$5,313,945$14,938,988
89$33,690,409$8,479,423$5,386,215$16,040,725
90$37,017,753$8,785,836$5,457,575$17,242,073
91$40,681,049$9,103,828$5,527,890$18,552,792
92$44,714,458$9,433,857$5,597,016$19,983,624
93$49,155,618$9,776,402$5,664,802$21,546,393
94$54,046,006$10,131,961$5,731,087$23,254,116
95$59,431,324$10,501,052$5,795,704$25,121,120
96$65,361,932$10,884,216$5,858,473$27,163,181
97$71,893,323$11,282,017$5,919,205$29,397,666
98$79,086,647$11,695,040$5,977,704$31,843,700
99$87,009,286$12,123,899$6,033,758$34,522,336
100$95,735,492$12,569,229$6,087,148$37,456,764