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%16.7%
1 years$235,350$233,254$231,209$229,212$227,263$221,052
2 years$116,510$114,340$112,237$110,198$108,220$102,008
3 years$76,902$74,723$72,625$70,605$68,660$62,641
4 years$57,102$54,929$52,852$50,867$48,969$43,189
5 years$45,225$43,065$41,016$39,071$37,225$31,701
6 years$37,309$35,166$33,147$31,245$29,455$24,192
7 years$31,657$29,532$27,545$25,688$23,955$18,953
8 years$27,421$25,315$23,360$21,549$19,873$15,129
9 years$24,127$22,041$20,120$18,355$16,736$12,246
10 years$21,494$19,428$17,541$15,822$14,260$10,018
11 years$19,341$17,296$15,443$13,770$12,264$8,263
12 years$17,548$15,524$13,705$12,078$10,628$6,861
13 years$16,032$14,029$12,245$10,663$9,267$5,727
14 years$14,733$12,752$11,002$9,466$8,124$4,801
15 years$13,609$11,649$9,933$8,442$7,153$4,039
16 years$12,627$10,688$9,006$7,559$6,322$3,407
17 years$11,760$9,843$8,195$6,791$5,605$2,882
18 years$10,991$9,095$7,481$6,120$4,984$2,442
19 years$10,304$8,429$6,849$5,530$4,442$2,073
20 years$9,686$7,833$6,285$5,009$3,968$1,762
21 years$9,128$7,296$5,781$4,546$3,551$1,500
22 years$8,621$6,811$5,328$4,133$3,183$1,278
23 years$8,159$6,370$4,920$3,764$2,857$1,089
24 years$7,736$5,968$4,550$3,433$2,568$930
25 years$7,348$5,601$4,214$3,135$2,311$794
26 years$6,990$5,264$3,908$2,867$2,082$678
27 years$6,659$4,954$3,629$2,624$1,877$580
28 years$6,352$4,668$3,374$2,404$1,693$495
29 years$6,067$4,404$3,140$2,205$1,529$424
30 years$5,801$4,159$2,925$2,023$1,382$363
31 years$5,553$3,932$2,726$1,858$1,249$310
32 years$5,321$3,720$2,544$1,708$1,130$265
33 years$5,104$3,523$2,375$1,570$1,023$227
34 years$4,900$3,339$2,219$1,445$926$195
35 years$4,708$3,167$2,075$1,330$839$167
36 years$4,526$3,006$1,941$1,225$760$143
37 years$4,356$2,855$1,817$1,129$689$122
38 years$4,194$2,713$1,701$1,040$624$105
39 years$4,041$2,580$1,594$959$566$90
40 years$3,896$2,455$1,494$885$513$77
41 years$3,759$2,337$1,401$816$466$66
42 years$3,628$2,225$1,314$753$423$56
43 years$3,504$2,120$1,233$695$384$48
44 years$3,386$2,021$1,157$642$348$41
45 years$3,274$1,927$1,087$593$316$35
46 years$3,166$1,839$1,021$548$287$30
47 years$3,064$1,755$959$506$261$26
48 years$2,966$1,675$901$468$237$22
49 years$2,872$1,599$847$432$215$19
50 years$2,783$1,528$796$399$195$16

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 $5,984 every year, while hoping to spend $32,109 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: 66/18/16 Blend
64$2,850,000$2,850,000$2,850,000$2,850,000
65$3,146,872$2,995,822$2,951,647$3,342,036
66$3,433,690$3,108,454$3,016,364$3,585,900
67$3,748,686$3,225,528$3,082,172$3,848,079
68$4,094,702$3,347,229$3,149,075$4,133,876
69$4,474,867$3,473,749$3,217,074$4,445,605
70$4,892,627$3,605,286$3,286,170$4,785,809
71$5,351,781$3,742,051$3,356,362$5,157,291
72$5,856,512$3,884,260$3,427,650$5,563,134
73$6,411,429$4,032,142$3,500,029$6,006,733
74$7,021,610$4,185,933$3,573,495$6,491,827
75$7,692,650$4,345,880$3,648,044$7,022,529
76$8,430,715$4,512,241$3,723,667$7,603,371
77$9,242,594$4,685,288$3,800,356$8,239,343
78$10,135,771$4,865,299$3,878,101$8,935,937
79$11,118,491$5,052,570$3,956,888$9,699,205
80$12,199,838$5,247,407$4,036,705$10,535,809
81$13,389,820$5,450,129$4,117,534$11,453,087
82$14,699,468$5,661,071$4,199,357$12,459,119
83$16,140,932$5,880,582$4,282,153$13,562,808
84$17,727,602$6,109,025$4,365,900$14,773,957
85$19,474,231$6,346,782$4,450,572$16,103,363
86$21,397,077$6,594,248$4,536,141$17,562,922
87$23,514,052$6,851,840$4,622,575$19,165,734
88$25,844,895$7,119,989$4,709,840$20,926,233
89$28,411,354$7,399,148$4,797,899$22,860,316
90$31,237,396$7,689,790$4,886,713$24,985,497
91$34,349,428$7,992,409$4,976,236$27,321,069
92$37,776,552$8,307,518$5,066,422$29,888,287
93$41,550,831$8,635,658$5,157,218$32,710,566
94$45,707,601$8,977,390$5,248,570$35,813,702
95$50,285,797$9,333,303$5,340,418$39,226,116
96$55,328,324$9,704,010$5,432,697$42,979,118
97$60,882,459$10,090,153$5,525,339$47,107,205
98$67,000,302$10,492,403$5,618,270$51,648,384
99$73,739,262$10,911,459$5,711,410$56,644,529
100$81,162,600$11,348,054$5,804,676$62,141,776