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

Use the below retirement simulation to view the chances of a successful retirement.
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 $5,128 every year, while hoping to spend $57,796 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: 46/30/24 Blend
64$3,500,000$3,500,000$3,500,000$3,500,000
65$3,862,290$3,676,790$3,622,540$4,013,124
66$4,194,749$3,795,458$3,682,400$4,238,499
67$4,559,181$3,918,004$3,742,329$4,476,802
68$4,958,788$4,044,556$3,802,267$4,734,203
69$5,397,094$4,175,249$3,862,153$5,012,515
70$5,877,981$4,310,219$3,921,918$5,313,734
71$6,405,725$4,449,610$3,981,493$5,640,054
72$6,985,038$4,593,570$4,040,801$5,993,892
73$7,621,107$4,742,250$4,099,763$6,377,905
74$8,319,648$4,895,808$4,158,294$6,795,020
75$9,086,958$5,054,409$4,216,302$7,248,458
76$9,929,973$5,218,220$4,273,693$7,741,764
77$10,856,333$5,387,416$4,330,366$8,278,842
78$11,874,459$5,562,179$4,386,212$8,863,989
79$12,993,622$5,742,694$4,441,119$9,501,939
80$14,224,041$5,929,156$4,494,966$10,197,900
81$15,576,972$6,121,763$4,547,626$10,957,612
82$17,064,818$6,320,725$4,598,967$11,787,393
83$18,701,243$6,526,253$4,648,845$12,694,203
84$20,501,301$6,738,571$4,697,113$13,685,706
85$22,481,579$6,957,907$4,743,612$14,770,343
86$24,660,354$7,184,498$4,788,177$15,957,413
87$27,057,763$7,418,591$4,830,633$17,257,158
88$29,695,991$7,660,438$4,870,796$18,680,859
89$32,599,487$7,910,304$4,908,472$20,240,944
90$35,795,185$8,168,460$4,943,457$21,951,102
91$39,312,768$8,435,189$4,975,536$23,826,416
92$43,184,938$8,710,780$5,004,484$25,883,498
93$47,447,731$8,995,538$5,030,064$28,140,653
94$52,140,853$9,289,773$5,052,024$30,618,045
95$57,308,057$9,593,809$5,070,105$33,337,891
96$62,997,555$9,907,982$5,084,029$36,324,667
97$69,262,470$10,232,637$5,093,508$39,605,340
98$76,161,340$10,568,134$5,098,239$43,209,622
99$83,758,669$10,914,845$5,097,902$47,170,250
100$92,125,534$11,273,154$5,092,163$51,523,294