Can I retire at age 65 with 2,830,000?

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 $2,830,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$233,699$231,617$229,586$227,604$225,668$224,528
2 years$115,692$113,538$111,450$109,425$107,461$106,311
3 years$76,362$74,198$72,115$70,110$68,178$67,053
4 years$56,701$54,544$52,481$50,510$48,625$47,534
5 years$44,907$42,763$40,728$38,797$36,964$35,909
6 years$37,047$34,919$32,914$31,026$29,248$28,232
7 years$31,435$29,325$27,352$25,508$23,787$22,809
8 years$27,228$25,137$23,196$21,398$19,733$18,795
9 years$23,958$21,886$19,979$18,226$16,618$15,719
10 years$21,343$19,292$17,418$15,711$14,160$13,298
11 years$19,205$17,174$15,335$13,674$12,178$11,354
12 years$17,424$15,415$13,609$11,994$10,553$9,766
13 years$15,919$13,930$12,159$10,589$9,202$8,452
14 years$14,630$12,662$10,925$9,399$8,067$7,352
15 years$13,514$11,567$9,864$8,383$7,103$6,422
16 years$12,538$10,613$8,943$7,506$6,277$5,631
17 years$11,678$9,774$8,138$6,744$5,566$4,952
18 years$10,914$9,032$7,429$6,077$4,949$4,367
19 years$10,232$8,370$6,801$5,492$4,411$3,859
20 years$9,618$7,778$6,241$4,974$3,940$3,418
21 years$9,064$7,245$5,741$4,514$3,526$3,032
22 years$8,561$6,763$5,291$4,104$3,160$2,694
23 years$8,102$6,325$4,885$3,738$2,837$2,397
24 years$7,682$5,926$4,518$3,409$2,550$2,135
25 years$7,296$5,562$4,185$3,113$2,295$1,904
26 years$6,941$5,227$3,881$2,847$2,067$1,699
27 years$6,612$4,919$3,604$2,606$1,863$1,517
28 years$6,307$4,635$3,350$2,387$1,681$1,356
29 years$6,024$4,373$3,118$2,189$1,518$1,213
30 years$5,761$4,130$2,904$2,009$1,372$1,086
31 years$5,514$3,904$2,707$1,845$1,240$972
32 years$5,284$3,694$2,526$1,696$1,122$871
33 years$5,068$3,498$2,359$1,559$1,015$780
34 years$4,865$3,316$2,204$1,435$919$700
35 years$4,674$3,145$2,060$1,321$833$627
36 years$4,495$2,985$1,927$1,216$754$563
37 years$4,325$2,835$1,804$1,121$684$505
38 years$4,165$2,694$1,689$1,033$620$453
39 years$4,013$2,562$1,583$953$562$407
40 years$3,869$2,437$1,483$879$510$365
41 years$3,733$2,320$1,391$811$463$328
42 years$3,603$2,210$1,305$748$420$295
43 years$3,480$2,105$1,224$691$381$265
44 years$3,362$2,007$1,149$638$346$238
45 years$3,251$1,914$1,079$589$314$214
46 years$3,144$1,826$1,014$544$285$192
47 years$3,042$1,742$952$503$259$172
48 years$2,945$1,663$895$464$235$155
49 years$2,852$1,588$841$429$213$139
50 years$2,763$1,517$791$397$194$125

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $2,830,000, adding $6,388 every year, while hoping to spend $27,829 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: 83/8/9 Blend
64$2,830,000$2,830,000$2,830,000$2,830,000
65$3,125,249$2,975,259$2,931,394$3,380,284
66$3,414,415$3,091,437$2,999,986$3,664,218
67$3,732,143$3,212,375$3,069,943$3,971,572
68$4,081,316$3,338,277$3,141,282$4,308,237
69$4,465,114$3,469,355$3,214,017$4,677,138
70$4,887,035$3,605,833$3,288,166$5,081,496
71$5,350,936$3,747,942$3,363,743$5,524,860
72$5,861,065$3,895,926$3,440,763$6,011,137
73$6,422,105$4,050,037$3,519,239$6,544,633
74$7,039,211$4,210,540$3,599,186$7,130,088
75$7,718,067$4,377,713$3,680,615$7,772,723
76$8,464,934$4,551,845$3,763,539$8,478,291
77$9,286,709$4,733,237$3,847,969$9,253,128
78$10,190,993$4,922,205$3,933,916$10,104,213
79$11,186,160$5,119,080$4,021,389$11,039,235
80$12,281,439$5,324,205$4,110,396$12,066,664
81$13,486,997$5,537,942$4,200,945$13,195,830
82$14,814,036$5,760,667$4,293,042$14,437,014
83$16,274,901$5,992,773$4,386,693$15,801,538
84$17,883,195$6,234,672$4,481,900$17,301,880
85$19,653,904$6,486,795$4,578,667$18,951,785
86$21,603,544$6,749,590$4,676,994$20,766,397
87$23,750,313$7,023,527$4,776,881$22,762,399
88$26,114,264$7,309,099$4,878,326$24,958,175
89$28,717,492$7,606,818$4,981,323$27,373,978
90$31,584,346$7,917,222$5,085,867$30,032,123
91$34,741,656$8,240,872$5,191,950$32,957,195
92$38,218,986$8,578,356$5,299,562$36,176,287
93$42,048,915$8,930,288$5,408,689$39,719,246
94$46,267,342$9,297,310$5,519,318$43,618,960
95$50,913,826$9,680,092$5,631,430$47,911,667
96$56,031,958$10,079,339$5,745,005$52,637,297
97$61,669,774$10,495,783$5,860,019$57,839,845
98$67,880,209$10,930,194$5,976,447$63,567,790
99$74,721,591$11,383,375$6,094,260$69,874,549
100$82,258,199$11,856,166$6,213,423$76,818,981