Can I retire at age 65 with 2,780,000?

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 $2,780,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.9%
1 years$229,570$227,525$225,530$223,583$221,681$216,322
2 years$113,648$111,532$109,481$107,492$105,562$100,195
3 years$75,013$72,887$70,841$68,871$66,973$61,766
4 years$55,699$53,580$51,554$49,618$47,766$42,759
5 years$44,114$42,007$40,008$38,111$36,311$31,518
6 years$36,393$34,302$32,333$30,478$28,732$24,157
7 years$30,880$28,807$26,869$25,057$23,366$19,011
8 years$26,747$24,693$22,787$21,020$19,385$15,247
9 years$23,534$21,500$19,626$17,904$16,325$12,401
10 years$20,966$18,951$17,110$15,434$13,909$10,196
11 years$18,866$16,871$15,064$13,432$11,963$8,453
12 years$17,117$15,142$13,369$11,782$10,367$7,056
13 years$15,638$13,684$11,944$10,401$9,040$5,921
14 years$14,372$12,439$10,732$9,233$7,924$4,991
15 years$13,275$11,363$9,689$8,234$6,977$4,222
16 years$12,316$10,425$8,785$7,373$6,166$3,583
17 years$11,472$9,601$7,994$6,625$5,468$3,048
18 years$10,721$8,872$7,297$5,970$4,862$2,598
19 years$10,051$8,222$6,680$5,395$4,333$2,218
20 years$9,448$7,641$6,131$4,886$3,870$1,897
21 years$8,904$7,117$5,639$4,434$3,464$1,625
22 years$8,409$6,643$5,197$4,032$3,105$1,393
23 years$7,959$6,213$4,799$3,672$2,787$1,195
24 years$7,546$5,822$4,438$3,349$2,505$1,026
25 years$7,167$5,463$4,111$3,058$2,254$882
26 years$6,818$5,135$3,812$2,796$2,030$758
27 years$6,495$4,832$3,540$2,560$1,831$652
28 years$6,196$4,553$3,291$2,345$1,652$561
29 years$5,918$4,296$3,063$2,151$1,491$483
30 years$5,659$4,057$2,853$1,974$1,348$416
31 years$5,417$3,835$2,659$1,813$1,218$358
32 years$5,191$3,629$2,481$1,666$1,102$309
33 years$4,979$3,436$2,317$1,532$997$266
34 years$4,779$3,257$2,165$1,409$903$229
35 years$4,592$3,089$2,024$1,298$818$198
36 years$4,415$2,932$1,893$1,195$741$170
37 years$4,249$2,785$1,772$1,101$672$147
38 years$4,091$2,647$1,659$1,015$609$127
39 years$3,942$2,517$1,555$936$552$109
40 years$3,801$2,394$1,457$863$501$94
41 years$3,667$2,279$1,366$796$454$81
42 years$3,539$2,171$1,282$735$412$70
43 years$3,418$2,068$1,203$678$374$60
44 years$3,303$1,971$1,129$626$340$52
45 years$3,193$1,880$1,060$578$308$45
46 years$3,088$1,793$996$534$280$39
47 years$2,989$1,711$935$494$254$33
48 years$2,893$1,634$879$456$231$29
49 years$2,802$1,560$826$422$210$25
50 years$2,714$1,490$777$390$190$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $2,780,000, adding $6,403 every year, while hoping to spend $54,612 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: 83/5/12 Blend
64$2,780,000$2,780,000$2,780,000$2,780,000
65$3,070,165$2,922,825$2,879,735$3,318,002
66$3,325,215$3,007,936$2,918,099$3,566,405
67$3,604,450$3,095,388$2,955,918$3,831,254
68$3,910,278$3,185,237$2,993,116$4,120,481
69$4,245,354$3,277,541$3,029,613$4,436,507
70$4,612,599$3,372,359$3,065,324$4,781,996
71$5,015,230$3,469,751$3,100,159$5,159,884
72$5,456,793$3,569,778$3,134,023$5,573,405
73$5,941,190$3,672,501$3,166,817$6,026,119
74$6,472,721$3,777,984$3,198,436$6,521,951
75$7,056,123$3,886,290$3,228,767$7,065,222
76$7,696,613$3,997,483$3,257,696$7,660,692
77$8,399,936$4,111,628$3,285,097$8,313,606
78$9,172,424$4,228,792$3,310,842$9,029,743
79$10,021,049$4,349,041$3,334,794$9,815,466
80$10,953,496$4,472,444$3,356,809$10,677,790
81$11,978,226$4,599,067$3,376,736$11,624,440
82$13,104,564$4,728,981$3,394,416$12,663,929
83$14,342,783$4,862,253$3,409,682$13,805,635
84$15,704,198$4,998,956$3,422,358$15,059,892
85$17,201,279$5,139,157$3,432,259$16,438,085
86$18,847,763$5,282,929$3,439,193$17,952,760
87$20,658,785$5,430,343$3,442,956$19,617,737
88$22,651,020$5,581,469$3,443,335$21,448,249
89$24,842,842$5,736,379$3,440,104$23,461,075
90$27,254,495$5,895,144$3,433,030$25,674,707
91$29,908,283$6,057,836$3,421,867$28,109,521
92$32,828,783$6,224,525$3,406,354$30,787,967
93$36,043,074$6,395,282$3,386,223$33,734,784
94$39,580,995$6,570,178$3,361,188$36,977,232
95$43,475,421$6,749,282$3,330,953$40,545,350
96$47,762,580$6,932,663$3,295,206$44,472,238
97$52,482,388$7,120,388$3,253,620$48,794,369
98$57,678,829$7,312,525$3,205,854$53,551,936
99$63,400,370$7,509,138$3,151,550$58,789,227
100$69,700,413$7,710,292$3,090,333$64,555,048