Can I retire at age 65 with 2,760,000?

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 $2,760,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$227,918$225,888$223,907$221,974$220,086$216,887
2 years$112,831$110,729$108,693$106,718$104,803$101,586
3 years$74,473$72,363$70,331$68,375$66,491$63,357
4 years$55,298$53,194$51,183$49,261$47,422$44,395
5 years$43,796$41,705$39,720$37,837$36,050$33,138
6 years$36,131$34,055$32,100$30,258$28,525$25,733
7 years$30,658$28,600$26,675$24,877$23,198$20,526
8 years$26,555$24,515$22,623$20,869$19,245$16,693
9 years$23,365$21,345$19,485$17,776$16,207$13,773
10 years$20,815$18,814$16,987$15,323$13,809$11,492
11 years$18,730$16,749$14,955$13,335$11,877$9,674
12 years$16,993$15,033$13,273$11,697$10,292$8,201
13 years$15,525$13,586$11,858$10,327$8,975$6,992
14 years$14,268$12,349$10,655$9,167$7,867$5,991
15 years$13,179$11,281$9,620$8,175$6,927$5,153
16 years$12,228$10,350$8,722$7,320$6,122$4,447
17 years$11,389$9,532$7,936$6,577$5,428$3,848
18 years$10,644$8,808$7,245$5,927$4,827$3,338
19 years$9,979$8,163$6,632$5,356$4,302$2,902
20 years$9,380$7,586$6,087$4,851$3,843$2,527
21 years$8,840$7,066$5,599$4,402$3,439$2,204
22 years$8,349$6,596$5,160$4,003$3,082$1,924
23 years$7,901$6,169$4,764$3,645$2,767$1,682
24 years$7,492$5,780$4,406$3,325$2,487$1,472
25 years$7,116$5,424$4,081$3,036$2,238$1,289
26 years$6,769$5,098$3,785$2,776$2,016$1,130
27 years$6,449$4,798$3,515$2,541$1,817$991
28 years$6,151$4,521$3,267$2,328$1,640$870
29 years$5,875$4,265$3,041$2,135$1,481$764
30 years$5,618$4,028$2,832$1,959$1,338$671
31 years$5,378$3,807$2,640$1,800$1,210$589
32 years$5,153$3,603$2,464$1,654$1,094$518
33 years$4,943$3,412$2,300$1,521$990$455
34 years$4,745$3,234$2,149$1,399$897$401
35 years$4,559$3,067$2,009$1,288$812$352
36 years$4,384$2,911$1,880$1,186$736$310
37 years$4,218$2,765$1,759$1,093$667$273
38 years$4,062$2,628$1,648$1,008$605$240
39 years$3,914$2,499$1,544$929$548$211
40 years$3,773$2,377$1,447$857$497$186
41 years$3,640$2,263$1,357$791$451$164
42 years$3,514$2,155$1,273$730$409$144
43 years$3,394$2,053$1,194$673$372$127
44 years$3,279$1,957$1,121$622$337$112
45 years$3,170$1,866$1,052$574$306$98
46 years$3,066$1,780$989$530$278$87
47 years$2,967$1,699$929$490$252$76
48 years$2,872$1,622$873$453$229$67
49 years$2,782$1,549$820$419$208$59
50 years$2,695$1,480$771$387$189$52

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $2,760,000, adding $3,529 every year, while hoping to spend $21,024 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: 48/37/15 Blend
64$2,760,000$2,760,000$2,760,000$2,760,000
65$3,045,160$2,898,880$2,856,100$3,178,415
66$3,333,397$3,018,556$2,929,410$3,390,571
67$3,650,330$3,143,391$3,004,471$3,618,355
68$3,998,862$3,273,616$3,081,320$3,865,225
69$4,382,196$3,409,473$3,159,994$4,132,974
70$4,803,856$3,551,213$3,240,530$4,423,569
71$5,267,728$3,699,101$3,322,966$4,739,176
72$5,778,091$3,853,413$3,407,341$5,082,170
73$6,339,663$4,014,437$3,493,694$5,455,166
74$6,957,640$4,182,476$3,582,064$5,861,035
75$7,637,748$4,357,845$3,672,491$6,302,934
76$8,386,295$4,540,876$3,765,016$6,784,336
77$9,210,233$4,731,915$3,859,680$7,309,059
78$10,117,222$4,931,324$3,956,524$7,881,301
79$11,115,701$5,139,481$4,055,590$8,505,680
80$12,214,970$5,356,783$4,156,921$9,187,276
81$13,425,277$5,583,646$4,260,557$9,931,677
82$14,757,913$5,820,503$4,366,544$10,745,031
83$16,225,321$6,067,808$4,474,924$11,634,103
84$17,841,211$6,326,038$4,585,741$12,606,336
85$19,620,690$6,595,689$4,699,039$13,669,921
86$21,580,406$6,877,283$4,814,862$14,833,875
87$23,738,702$7,171,365$4,933,255$16,108,118
88$26,115,793$7,478,505$5,054,262$17,503,571
89$28,733,954$7,799,301$5,177,930$19,032,256
90$31,617,728$8,134,379$5,304,302$20,707,405
91$34,794,165$8,484,391$5,433,424$22,543,587
92$38,293,068$8,850,025$5,565,342$24,556,841
93$42,147,281$9,231,996$5,700,101$26,764,825
94$46,392,995$9,631,056$5,837,746$29,186,981
95$51,070,093$10,047,990$5,978,323$31,844,718
96$56,222,524$10,483,622$6,121,878$34,761,609
97$61,898,715$10,938,814$6,268,455$37,963,613
98$68,152,035$11,414,467$6,418,099$41,479,315
99$75,041,293$11,911,526$6,570,856$45,340,199
100$82,631,294$12,430,980$6,726,769$49,580,933