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%12.5%
1 years$305,543$302,821$300,166$297,574$295,043$291,962
2 years$151,259$148,442$145,711$143,064$140,497$137,394
3 years$99,837$97,008$94,285$91,663$89,137$86,109
4 years$74,132$71,311$68,615$66,038$63,573$60,643
5 years$58,713$55,909$53,248$50,723$48,327$45,503
6 years$48,436$45,654$43,033$40,564$38,240$35,526
7 years$41,099$38,340$35,760$33,350$31,099$28,496
8 years$35,599$32,864$30,328$27,976$25,800$23,308
9 years$31,323$28,614$26,121$23,830$21,727$19,345
10 years$27,904$25,222$22,773$20,541$18,513$16,239
11 years$25,109$22,454$20,049$17,877$15,921$13,755
12 years$22,781$20,153$17,793$15,681$13,797$11,735
13 years$20,813$18,213$15,897$13,844$12,031$10,071
14 years$19,128$16,555$14,283$12,289$10,547$8,686
15 years$17,668$15,123$12,896$10,960$9,286$7,522
16 years$16,392$13,875$11,692$9,813$8,207$6,537
17 years$15,268$12,779$10,639$8,817$7,277$5,697
18 years$14,269$11,808$9,712$7,946$6,470$4,978
19 years$13,377$10,944$8,891$7,180$5,767$4,358
20 years$12,575$10,169$8,160$6,503$5,151$3,823
21 years$11,850$9,472$7,506$5,902$4,610$3,360
22 years$11,192$8,842$6,917$5,366$4,132$2,956
23 years$10,593$8,270$6,387$4,887$3,709$2,604
24 years$10,044$7,748$5,907$4,457$3,334$2,297
25 years$9,539$7,271$5,471$4,070$3,000$2,027
26 years$9,074$6,834$5,074$3,722$2,702$1,791
27 years$8,645$6,431$4,712$3,407$2,436$1,583
28 years$8,246$6,060$4,380$3,121$2,198$1,401
29 years$7,876$5,717$4,076$2,862$1,985$1,240
30 years$7,532$5,399$3,797$2,627$1,794$1,098
31 years$7,210$5,104$3,540$2,413$1,622$973
32 years$6,909$4,830$3,303$2,217$1,467$862
33 years$6,626$4,574$3,084$2,039$1,328$764
34 years$6,361$4,335$2,881$1,876$1,202$678
35 years$6,112$4,111$2,694$1,727$1,089$601
36 years$5,876$3,902$2,520$1,590$986$533
37 years$5,655$3,706$2,359$1,465$894$473
38 years$5,445$3,522$2,209$1,351$810$420
39 years$5,247$3,349$2,069$1,245$735$373
40 years$5,058$3,187$1,940$1,149$667$331
41 years$4,880$3,033$1,819$1,060$605$294
42 years$4,711$2,889$1,706$978$549$261
43 years$4,550$2,753$1,601$903$498$232
44 years$4,396$2,624$1,503$834$452$206
45 years$4,250$2,502$1,411$770$410$183
46 years$4,111$2,387$1,325$711$373$163
47 years$3,978$2,278$1,245$657$338$144
48 years$3,850$2,174$1,170$607$307$128
49 years$3,729$2,076$1,100$561$279$114
50 years$3,612$1,984$1,034$519$253$101

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 $2,405 every year, while hoping to spend $26,896 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: 84/10/6 Blend
64$3,700,000$3,700,000$3,700,000$3,700,000
65$4,079,881$3,883,781$3,826,431$4,421,120
66$4,467,411$4,045,469$3,925,999$4,805,864
67$4,893,569$4,214,178$4,028,001$5,224,456
68$5,362,264$4,390,225$4,132,491$5,683,351
69$5,877,808$4,573,938$4,239,522$6,186,576
70$6,444,947$4,765,664$4,349,149$6,738,567
71$7,068,915$4,965,764$4,461,428$7,344,209
72$7,755,474$5,174,617$4,576,416$8,008,880
73$8,510,977$5,392,617$4,694,170$8,738,504
74$9,342,420$5,620,180$4,814,749$9,539,607
75$10,257,516$5,857,737$4,938,212$10,419,375
76$11,264,760$6,105,744$5,064,619$11,385,726
77$12,373,513$6,364,673$5,194,032$12,447,377
78$13,594,092$6,635,022$5,326,512$13,613,934
79$14,937,861$6,917,310$5,462,122$14,895,977
80$16,417,346$7,212,082$5,600,927$16,305,160
81$18,046,347$7,519,905$5,742,989$17,854,322
82$19,840,070$7,841,376$5,888,375$19,557,607
83$21,815,273$8,177,119$6,037,151$21,430,595
84$23,990,419$8,527,786$6,189,384$23,490,450
85$26,385,855$8,894,061$6,345,141$25,756,084
86$29,024,000$9,276,658$6,504,492$28,248,328
87$31,929,560$9,676,326$6,667,504$30,990,135
88$35,129,757$10,093,848$6,834,248$34,006,792
89$38,654,592$10,530,046$7,004,794$37,326,159
90$42,537,120$10,985,778$7,179,215$40,978,930
91$46,813,768$11,461,943$7,357,580$44,998,923
92$51,524,677$11,959,483$7,539,964$49,423,401
93$56,714,080$12,479,383$7,726,438$54,293,415
94$62,430,719$13,022,676$7,917,077$59,654,199
95$68,728,307$13,590,442$8,111,954$65,555,592
96$75,666,034$14,183,813$8,311,144$72,052,508
97$83,309,122$14,803,973$8,514,720$79,205,453
98$91,729,449$15,452,163$8,722,759$87,081,094
99$101,006,216$16,129,683$8,935,335$95,752,891
100$111,226,705$16,837,893$9,152,524$105,301,785