Can I retire at age 65 with 2,820,000?

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 $2,820,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.9%
1 years$232,873$230,799$228,775$226,800$224,871$215,949
2 years$115,284$113,137$111,056$109,038$107,081$98,203
3 years$76,092$73,936$71,860$69,862$67,937$59,382
4 years$56,501$54,351$52,296$50,332$48,453$40,287
5 years$44,748$42,612$40,584$38,659$36,833$29,076
6 years$36,916$34,796$32,798$30,916$29,145$21,802
7 years$31,324$29,221$27,255$25,418$23,703$16,771
8 years$27,132$25,048$23,114$21,323$19,664$13,137
9 years$23,873$21,809$19,909$18,162$16,560$10,427
10 years$21,267$19,223$17,357$15,656$14,110$8,360
11 years$19,137$17,113$15,281$13,625$12,135$6,754
12 years$17,363$15,360$13,561$11,951$10,516$5,490
13 years$15,863$13,881$12,116$10,551$9,170$4,484
14 years$14,578$12,618$10,886$9,366$8,038$3,676
15 years$13,466$11,526$9,829$8,353$7,078$3,023
16 years$12,494$10,575$8,911$7,479$6,255$2,492
17 years$11,637$9,739$8,109$6,720$5,546$2,059
18 years$10,876$9,000$7,402$6,056$4,931$1,703
19 years$10,196$8,341$6,777$5,472$4,396$1,411
20 years$9,584$7,751$6,219$4,956$3,926$1,171
21 years$9,032$7,219$5,720$4,498$3,513$972
22 years$8,530$6,739$5,272$4,090$3,149$808
23 years$8,073$6,303$4,868$3,725$2,827$672
24 years$7,655$5,905$4,502$3,397$2,541$559
25 years$7,270$5,542$4,170$3,102$2,287$465
26 years$6,916$5,209$3,867$2,837$2,060$387
27 years$6,589$4,902$3,591$2,596$1,857$322
28 years$6,285$4,619$3,338$2,379$1,676$269
29 years$6,003$4,357$3,107$2,181$1,513$224
30 years$5,740$4,115$2,894$2,002$1,367$186
31 years$5,495$3,890$2,698$1,839$1,236$155
32 years$5,265$3,681$2,517$1,690$1,118$130
33 years$5,050$3,486$2,350$1,554$1,012$108
34 years$4,848$3,304$2,196$1,430$916$90
35 years$4,658$3,134$2,053$1,316$830$75
36 years$4,479$2,974$1,921$1,212$752$63
37 years$4,310$2,825$1,798$1,117$681$52
38 years$4,150$2,685$1,683$1,029$618$44
39 years$3,999$2,553$1,577$949$560$36
40 years$3,855$2,429$1,478$875$508$30
41 years$3,719$2,312$1,386$808$461$25
42 years$3,590$2,202$1,300$745$418$21
43 years$3,467$2,098$1,220$688$380$18
44 years$3,351$2,000$1,145$635$345$15
45 years$3,239$1,907$1,075$587$313$12
46 years$3,133$1,819$1,010$542$284$10
47 years$3,032$1,736$949$501$258$8
48 years$2,935$1,657$892$463$234$7
49 years$2,842$1,583$838$428$213$6
50 years$2,753$1,512$788$395$193$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $2,820,000, adding $2,555 every year, while hoping to spend $46,622 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: 32/43/25 Blend
64$2,820,000$2,820,000$2,820,000$2,820,000
65$3,110,275$2,960,815$2,917,105$3,185,886
66$3,377,918$3,056,290$2,965,223$3,339,009
67$3,671,298$3,154,880$3,013,390$3,499,480
68$3,992,990$3,256,690$3,061,559$3,671,390
69$4,345,833$3,361,825$3,109,679$3,855,776
70$4,732,951$3,470,397$3,157,696$4,053,776
71$5,157,785$3,582,520$3,205,552$4,266,640
72$5,624,128$3,698,313$3,253,187$4,495,742
73$6,136,156$3,817,897$3,300,536$4,742,595
74$6,698,470$3,941,399$3,347,529$5,008,860
75$7,316,137$4,068,951$3,394,094$5,296,365
76$7,994,740$4,200,687$3,440,154$5,607,118
77$8,740,430$4,336,747$3,485,625$5,943,332
78$9,559,982$4,477,276$3,530,422$6,307,438
79$10,460,862$4,622,424$3,574,453$6,702,113
80$11,451,293$4,772,346$3,617,620$7,130,303
81$12,540,335$4,927,201$3,659,821$7,595,247
82$13,737,972$5,087,157$3,700,948$8,100,513
83$15,055,201$5,252,383$3,740,885$8,650,028
84$16,504,140$5,423,059$3,779,514$9,248,113
85$18,098,141$5,599,367$3,816,705$9,899,528
86$19,851,912$5,781,497$3,852,326$10,609,510
87$21,781,663$5,969,646$3,886,235$11,383,827
88$23,905,251$6,164,017$3,918,282$12,228,830
89$26,242,354$6,364,821$3,948,312$13,151,513
90$28,814,652$6,572,275$3,976,158$14,159,578
91$31,646,036$6,786,606$4,001,649$15,261,506
92$34,762,827$7,008,046$4,024,600$16,466,636
93$38,194,032$7,236,836$4,044,820$17,785,259
94$41,971,609$7,473,227$4,062,108$19,228,704
95$46,130,776$7,717,478$4,076,251$20,809,452
96$50,710,337$7,969,856$4,087,027$22,541,251
97$55,753,051$8,230,639$4,094,202$24,439,244
98$61,306,035$8,500,113$4,097,531$26,520,114
99$67,421,207$8,778,575$4,096,755$28,802,236
100$74,155,779$9,066,334$4,091,605$31,305,854