Can I retire at age 65 with 2,850,000?

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 $2,850,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.8%
1 years$235,350$233,254$231,209$229,212$227,263$219,200
2 years$116,510$114,340$112,237$110,198$108,220$100,183
3 years$76,902$74,723$72,625$70,605$68,660$60,900
4 years$57,102$54,929$52,852$50,867$48,969$41,546
5 years$45,225$43,065$41,016$39,071$37,225$30,160
6 years$37,309$35,166$33,147$31,245$29,455$22,752
7 years$31,657$29,532$27,545$25,688$23,955$17,613
8 years$27,421$25,315$23,360$21,549$19,873$13,886
9 years$24,127$22,041$20,120$18,355$16,736$11,097
10 years$21,494$19,428$17,541$15,822$14,260$8,959
11 years$19,341$17,296$15,443$13,770$12,264$7,291
12 years$17,548$15,524$13,705$12,078$10,628$5,970
13 years$16,032$14,029$12,245$10,663$9,267$4,912
14 years$14,733$12,752$11,002$9,466$8,124$4,058
15 years$13,609$11,649$9,933$8,442$7,153$3,364
16 years$12,627$10,688$9,006$7,559$6,322$2,795
17 years$11,760$9,843$8,195$6,791$5,605$2,328
18 years$10,991$9,095$7,481$6,120$4,984$1,942
19 years$10,304$8,429$6,849$5,530$4,442$1,623
20 years$9,686$7,833$6,285$5,009$3,968$1,358
21 years$9,128$7,296$5,781$4,546$3,551$1,137
22 years$8,621$6,811$5,328$4,133$3,183$953
23 years$8,159$6,370$4,920$3,764$2,857$799
24 years$7,736$5,968$4,550$3,433$2,568$671
25 years$7,348$5,601$4,214$3,135$2,311$563
26 years$6,990$5,264$3,908$2,867$2,082$473
27 years$6,659$4,954$3,629$2,624$1,877$397
28 years$6,352$4,668$3,374$2,404$1,693$334
29 years$6,067$4,404$3,140$2,205$1,529$281
30 years$5,801$4,159$2,925$2,023$1,382$236
31 years$5,553$3,932$2,726$1,858$1,249$199
32 years$5,321$3,720$2,544$1,708$1,130$167
33 years$5,104$3,523$2,375$1,570$1,023$140
34 years$4,900$3,339$2,219$1,445$926$118
35 years$4,708$3,167$2,075$1,330$839$99
36 years$4,526$3,006$1,941$1,225$760$84
37 years$4,356$2,855$1,817$1,129$689$70
38 years$4,194$2,713$1,701$1,040$624$59
39 years$4,041$2,580$1,594$959$566$50
40 years$3,896$2,455$1,494$885$513$42
41 years$3,759$2,337$1,401$816$466$35
42 years$3,628$2,225$1,314$753$423$30
43 years$3,504$2,120$1,233$695$384$25
44 years$3,386$2,021$1,157$642$348$21
45 years$3,274$1,927$1,087$593$316$18
46 years$3,166$1,839$1,021$548$287$15
47 years$3,064$1,755$959$506$261$13
48 years$2,966$1,675$901$468$237$11
49 years$2,872$1,599$847$432$215$9
50 years$2,783$1,528$796$399$195$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $2,850,000, adding $3,955 every year, while hoping to spend $44,998 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: 87/5/8 Blend
64$2,850,000$2,850,000$2,850,000$2,850,000
65$3,144,780$2,993,730$2,949,555$3,415,533
66$3,417,670$3,092,545$3,000,487$3,691,435
67$3,716,886$3,194,694$3,051,618$3,988,033
68$4,045,067$3,300,293$3,102,906$4,312,598
69$4,405,118$3,409,461$3,154,307$4,667,920
70$4,800,239$3,522,323$3,205,775$5,057,068
71$5,233,955$3,639,009$3,257,260$5,483,426
72$5,710,149$3,759,650$3,308,709$5,950,719
73$6,233,098$3,884,387$3,360,064$6,463,050
74$6,807,514$4,013,362$3,411,266$7,024,940
75$7,438,587$4,146,724$3,462,251$7,641,367
76$8,132,036$4,284,627$3,512,950$8,317,816
77$8,894,161$4,427,230$3,563,290$9,060,331
78$9,731,901$4,574,700$3,613,196$9,875,566
79$10,652,902$4,727,208$3,662,586$10,770,854
80$11,665,589$4,884,932$3,711,373$11,754,276
81$12,779,241$5,048,056$3,759,466$12,834,729
82$14,004,085$5,216,771$3,806,769$14,022,021
83$15,351,385$5,391,276$3,853,179$15,326,954
84$16,833,554$5,571,777$3,898,589$16,761,431
85$18,464,270$5,758,487$3,942,885$18,338,566
86$20,258,599$5,951,627$3,985,945$20,072,807
87$22,233,146$6,151,427$4,027,644$21,980,075
88$24,406,204$6,358,124$4,067,848$24,077,909
89$26,797,931$6,571,965$4,106,414$26,385,638
90$29,430,535$6,793,207$4,143,194$28,924,555
91$32,328,491$7,022,115$4,178,032$31,718,125
92$35,518,763$7,258,965$4,210,763$34,792,203
93$39,031,065$7,504,043$4,241,211$38,175,277
94$42,898,138$7,757,645$4,269,196$41,898,736
95$47,156,058$8,020,079$4,294,524$45,997,171
96$51,844,579$8,291,666$4,316,994$50,508,694
97$57,007,504$8,572,737$4,336,392$55,475,302
98$62,693,104$8,863,635$4,352,495$60,943,273
99$68,954,566$9,164,719$4,365,069$66,963,601
100$75,850,501$9,476,359$4,373,868$73,592,476