Can I retire at age 65 with 3,700,000?

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 $3,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%20%
1 years$305,543$302,821$300,166$297,574$295,043$283,225
2 years$151,259$148,442$145,711$143,064$140,497$128,739
3 years$99,837$97,008$94,285$91,663$89,137$77,809
4 years$74,132$71,311$68,615$66,038$63,573$52,762
5 years$58,713$55,909$53,248$50,723$48,327$38,060
6 years$48,436$45,654$43,033$40,564$38,240$28,522
7 years$41,099$38,340$35,760$33,350$31,099$21,928
8 years$35,599$32,864$30,328$27,976$25,800$17,166
9 years$31,323$28,614$26,121$23,830$21,727$13,617
10 years$27,904$25,222$22,773$20,541$18,513$10,911
11 years$25,109$22,454$20,049$17,877$15,921$8,809
12 years$22,781$20,153$17,793$15,681$13,797$7,156
13 years$20,813$18,213$15,897$13,844$12,031$5,840
14 years$19,128$16,555$14,283$12,289$10,547$4,785
15 years$17,668$15,123$12,896$10,960$9,286$3,932
16 years$16,392$13,875$11,692$9,813$8,207$3,239
17 years$15,268$12,779$10,639$8,817$7,277$2,674
18 years$14,269$11,808$9,712$7,946$6,470$2,211
19 years$13,377$10,944$8,891$7,180$5,767$1,830
20 years$12,575$10,169$8,160$6,503$5,151$1,517
21 years$11,850$9,472$7,506$5,902$4,610$1,259
22 years$11,192$8,842$6,917$5,366$4,132$1,045
23 years$10,593$8,270$6,387$4,887$3,709$868
24 years$10,044$7,748$5,907$4,457$3,334$722
25 years$9,539$7,271$5,471$4,070$3,000$600
26 years$9,074$6,834$5,074$3,722$2,702$499
27 years$8,645$6,431$4,712$3,407$2,436$415
28 years$8,246$6,060$4,380$3,121$2,198$346
29 years$7,876$5,717$4,076$2,862$1,985$288
30 years$7,532$5,399$3,797$2,627$1,794$240
31 years$7,210$5,104$3,540$2,413$1,622$200
32 years$6,909$4,830$3,303$2,217$1,467$166
33 years$6,626$4,574$3,084$2,039$1,328$138
34 years$6,361$4,335$2,881$1,876$1,202$115
35 years$6,112$4,111$2,694$1,727$1,089$96
36 years$5,876$3,902$2,520$1,590$986$80
37 years$5,655$3,706$2,359$1,465$894$67
38 years$5,445$3,522$2,209$1,351$810$56
39 years$5,247$3,349$2,069$1,245$735$46
40 years$5,058$3,187$1,940$1,149$667$39
41 years$4,880$3,033$1,819$1,060$605$32
42 years$4,711$2,889$1,706$978$549$27
43 years$4,550$2,753$1,601$903$498$22
44 years$4,396$2,624$1,503$834$452$19
45 years$4,250$2,502$1,411$770$410$15
46 years$4,111$2,387$1,325$711$373$13
47 years$3,978$2,278$1,245$657$338$11
48 years$3,850$2,174$1,170$607$307$9
49 years$3,729$2,076$1,100$561$279$7
50 years$3,612$1,984$1,034$519$253$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $3,700,000, adding $5,868 every year, while hoping to spend $48,367 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: 43/43/14 Blend
64$3,700,000$3,700,000$3,700,000$3,700,000
65$4,083,453$3,887,353$3,830,003$4,242,195
66$4,448,503$4,026,371$3,906,846$4,493,007
67$4,849,167$4,170,580$3,984,642$4,759,283
68$5,289,027$4,320,183$4,063,372$5,046,705
69$5,772,027$4,475,392$4,143,015$5,357,233
70$6,302,515$4,636,427$4,223,547$5,693,024
71$6,885,277$4,803,518$4,304,941$6,056,446
72$7,525,588$4,976,903$4,387,170$6,450,102
73$8,229,258$5,156,831$4,470,200$6,876,853
74$9,002,688$5,343,562$4,553,997$7,339,844
75$9,852,931$5,537,365$4,638,525$7,842,533
76$10,787,755$5,738,521$4,723,741$8,388,724
77$11,815,721$5,947,323$4,809,601$8,982,597
78$12,946,260$6,164,077$4,896,057$9,628,754
79$14,189,761$6,389,099$4,983,058$10,332,252
80$15,557,674$6,622,722$5,070,547$11,098,659
81$17,062,611$6,865,290$5,158,465$11,934,098
82$18,718,470$7,117,162$5,246,747$12,845,309
83$20,540,564$7,378,713$5,335,323$13,839,706
84$22,545,766$7,650,334$5,424,120$14,925,450
85$24,752,665$7,932,432$5,513,059$16,111,523
86$27,181,745$8,225,429$5,602,055$17,407,810
87$29,855,578$8,529,770$5,691,019$18,825,193
88$32,799,032$8,845,914$5,779,853$20,375,651
89$36,039,511$9,174,342$5,868,456$22,072,372
90$39,607,211$9,515,554$5,956,719$23,929,874
91$43,535,404$9,870,074$6,044,527$25,964,143
92$47,860,753$10,238,445$6,131,756$28,192,780
93$52,623,657$10,621,236$6,218,277$30,635,167
94$57,868,632$11,019,038$6,303,951$33,312,644
95$63,644,731$11,432,470$6,388,632$36,248,714
96$70,006,007$11,862,174$6,472,165$39,469,259
97$77,012,023$12,308,825$6,554,386$43,002,783
98$84,728,413$12,773,121$6,635,122$46,880,679
99$93,227,502$13,255,794$6,714,188$51,137,521
100$102,588,986$13,757,607$6,791,393$55,811,392