Can I retire at age 65 with 2,790,000?

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 $2,790,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$230,396$228,343$226,341$224,387$222,479$216,398
2 years$114,057$111,933$109,874$107,878$105,942$99,861
3 years$75,283$73,149$71,096$69,119$67,214$61,322
4 years$55,899$53,773$51,740$49,796$47,938$42,280
5 years$44,272$42,158$40,152$38,248$36,441$31,034
6 years$36,524$34,425$32,449$30,587$28,835$23,683
7 years$30,991$28,910$26,965$25,148$23,450$18,554
8 years$26,843$24,782$22,869$21,096$19,454$14,810
9 years$23,619$21,577$19,697$17,969$16,383$11,988
10 years$21,041$19,019$17,172$15,489$13,960$9,807
11 years$18,933$16,931$15,118$13,480$12,006$8,089
12 years$17,178$15,197$13,417$11,824$10,404$6,717
13 years$15,694$13,733$11,987$10,439$9,072$5,606
14 years$14,423$12,483$10,770$9,266$7,953$4,700
15 years$13,323$11,404$9,724$8,264$7,002$3,954
16 years$12,361$10,463$8,816$7,400$6,189$3,336
17 years$11,513$9,636$8,023$6,648$5,487$2,821
18 years$10,760$8,904$7,324$5,992$4,879$2,391
19 years$10,087$8,252$6,704$5,414$4,349$2,029
20 years$9,482$7,668$6,153$4,903$3,884$1,725
21 years$8,936$7,143$5,660$4,450$3,476$1,468
22 years$8,440$6,667$5,216$4,046$3,116$1,251
23 years$7,987$6,236$4,816$3,685$2,797$1,067
24 years$7,573$5,843$4,454$3,361$2,514$910
25 years$7,193$5,483$4,125$3,069$2,262$777
26 years$6,843$5,153$3,826$2,806$2,038$664
27 years$6,519$4,850$3,553$2,569$1,837$567
28 years$6,218$4,570$3,303$2,354$1,658$485
29 years$5,939$4,311$3,074$2,158$1,497$415
30 years$5,679$4,071$2,863$1,981$1,353$355
31 years$5,436$3,849$2,669$1,819$1,223$304
32 years$5,209$3,642$2,490$1,672$1,106$260
33 years$4,996$3,449$2,325$1,537$1,001$222
34 years$4,797$3,269$2,173$1,415$906$190
35 years$4,608$3,100$2,031$1,302$821$163
36 years$4,431$2,943$1,900$1,199$744$140
37 years$4,264$2,795$1,778$1,105$674$120
38 years$4,106$2,656$1,665$1,018$611$102
39 years$3,956$2,526$1,560$939$554$88
40 years$3,814$2,403$1,463$866$503$75
41 years$3,680$2,287$1,371$799$456$64
42 years$3,552$2,178$1,286$738$414$55
43 years$3,431$2,076$1,207$681$376$47
44 years$3,315$1,978$1,133$629$341$40
45 years$3,205$1,887$1,064$581$309$35
46 years$3,100$1,800$999$536$281$30
47 years$2,999$1,718$939$495$255$25
48 years$2,903$1,640$882$458$232$22
49 years$2,812$1,566$829$423$210$19
50 years$2,724$1,496$780$391$191$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $2,790,000, adding $5,675 every year, while hoping to spend $50,318 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: 60/11/29 Blend
64$2,790,000$2,790,000$2,790,000$2,790,000
65$3,080,434$2,932,564$2,889,319$3,240,697
66$3,341,100$3,022,721$2,932,573$3,440,948
67$3,626,668$3,115,610$2,975,590$3,653,506
68$3,939,624$3,211,311$3,018,308$3,884,411
69$4,282,707$3,309,907$3,060,663$4,135,466
70$4,658,934$3,411,483$3,102,586$4,408,655
71$5,071,627$3,516,128$3,144,004$4,706,161
72$5,524,445$3,623,930$3,184,841$5,030,394
73$6,021,420$3,734,984$3,225,014$5,384,003
74$6,566,990$3,849,383$3,264,437$5,769,910
75$7,166,047$3,967,227$3,303,020$6,191,334
76$7,823,979$4,088,616$3,340,666$6,651,818
77$8,546,719$4,213,654$3,377,273$7,155,270
78$9,340,808$4,342,446$3,412,735$7,705,992
79$10,213,446$4,475,101$3,446,938$8,308,725
80$11,172,570$4,611,734$3,479,762$8,968,695
81$12,226,921$4,752,457$3,511,083$9,691,656
82$13,386,131$4,897,391$3,540,768$10,483,951
83$14,660,809$5,046,657$3,568,677$11,352,568
84$16,062,648$5,200,379$3,594,664$12,305,209
85$17,604,527$5,358,687$3,618,574$13,350,357
86$19,300,638$5,521,711$3,640,245$14,497,364
87$21,166,616$5,689,588$3,659,506$15,756,532
88$23,219,689$5,862,456$3,676,178$17,139,215
89$25,478,839$6,040,458$3,690,072$18,657,923
90$27,964,980$6,223,741$3,700,989$20,326,444
91$30,701,158$6,412,454$3,708,722$22,159,969
92$33,712,765$6,606,753$3,713,053$24,175,241
93$37,027,778$6,806,795$3,713,751$26,390,708
94$40,677,026$7,012,742$3,710,577$28,826,701
95$44,694,478$7,224,762$3,703,277$31,505,624
96$49,117,565$7,443,026$3,691,587$34,452,167
97$53,987,531$7,667,709$3,675,229$37,693,539
98$59,349,823$7,898,990$3,653,913$41,259,721
99$65,254,518$8,137,054$3,627,332$45,183,757
100$71,756,800$8,382,090$3,595,169$49,502,058