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%11.3%
1 years$235,350$233,254$231,209$229,212$227,263$226,020
2 years$116,510$114,340$112,237$110,198$108,220$106,967
3 years$76,902$74,723$72,625$70,605$68,660$67,433
4 years$57,102$54,929$52,852$50,867$48,969$47,779
5 years$45,225$43,065$41,016$39,071$37,225$36,076
6 years$37,309$35,166$33,147$31,245$29,455$28,348
7 years$31,657$29,532$27,545$25,688$23,955$22,891
8 years$27,421$25,315$23,360$21,549$19,873$18,851
9 years$24,127$22,041$20,120$18,355$16,736$15,757
10 years$21,494$19,428$17,541$15,822$14,260$13,322
11 years$19,341$17,296$15,443$13,770$12,264$11,368
12 years$17,548$15,524$13,705$12,078$10,628$9,772
13 years$16,032$14,029$12,245$10,663$9,267$8,452
14 years$14,733$12,752$11,002$9,466$8,124$7,347
15 years$13,609$11,649$9,933$8,442$7,153$6,413
16 years$12,627$10,688$9,006$7,559$6,322$5,619
17 years$11,760$9,843$8,195$6,791$5,605$4,938
18 years$10,991$9,095$7,481$6,120$4,984$4,351
19 years$10,304$8,429$6,849$5,530$4,442$3,843
20 years$9,686$7,833$6,285$5,009$3,968$3,401
21 years$9,128$7,296$5,781$4,546$3,551$3,015
22 years$8,621$6,811$5,328$4,133$3,183$2,677
23 years$8,159$6,370$4,920$3,764$2,857$2,380
24 years$7,736$5,968$4,550$3,433$2,568$2,118
25 years$7,348$5,601$4,214$3,135$2,311$1,887
26 years$6,990$5,264$3,908$2,867$2,082$1,683
27 years$6,659$4,954$3,629$2,624$1,877$1,502
28 years$6,352$4,668$3,374$2,404$1,693$1,342
29 years$6,067$4,404$3,140$2,205$1,529$1,199
30 years$5,801$4,159$2,925$2,023$1,382$1,072
31 years$5,553$3,932$2,726$1,858$1,249$959
32 years$5,321$3,720$2,544$1,708$1,130$858
33 years$5,104$3,523$2,375$1,570$1,023$769
34 years$4,900$3,339$2,219$1,445$926$689
35 years$4,708$3,167$2,075$1,330$839$617
36 years$4,526$3,006$1,941$1,225$760$553
37 years$4,356$2,855$1,817$1,129$689$496
38 years$4,194$2,713$1,701$1,040$624$445
39 years$4,041$2,580$1,594$959$566$399
40 years$3,896$2,455$1,494$885$513$358
41 years$3,759$2,337$1,401$816$466$321
42 years$3,628$2,225$1,314$753$423$288
43 years$3,504$2,120$1,233$695$384$258
44 years$3,386$2,021$1,157$642$348$232
45 years$3,274$1,927$1,087$593$316$208
46 years$3,166$1,839$1,021$548$287$187
47 years$3,064$1,755$959$506$261$168
48 years$2,966$1,675$901$468$237$151
49 years$2,872$1,599$847$432$215$135
50 years$2,783$1,528$796$399$195$121

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 $5,301 every year, while hoping to spend $23,306 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: 61/14/25 Blend
64$2,850,000$2,850,000$2,850,000$2,850,000
65$3,146,168$2,995,118$2,950,943$3,316,806
66$3,442,280$3,117,081$3,025,002$3,555,249
67$3,767,814$3,244,240$3,100,761$3,812,389
68$4,125,746$3,376,823$3,178,252$4,092,554
69$4,519,357$3,515,072$3,257,509$4,397,993
70$4,952,259$3,659,238$3,338,562$4,731,179
71$5,428,433$3,809,584$3,421,447$5,094,836
72$5,952,264$3,966,385$3,506,197$5,491,961
73$6,528,585$4,129,927$3,592,844$5,925,854
74$7,162,720$4,300,513$3,681,424$6,400,146
75$7,860,536$4,478,457$3,771,971$6,918,837
76$8,628,496$4,664,087$3,864,517$7,486,329
77$9,473,723$4,857,748$3,959,099$8,107,469
78$10,404,065$5,059,800$4,055,751$8,787,594
79$11,428,169$5,270,619$4,154,508$9,532,582
80$12,555,561$5,490,599$4,255,403$10,348,904
81$13,796,743$5,720,152$4,358,473$11,243,687
82$15,163,280$5,959,710$4,463,752$12,224,780
83$16,667,922$6,209,722$4,571,275$13,300,828
84$18,324,714$6,470,662$4,681,076$14,481,350
85$20,149,133$6,743,023$4,793,191$15,776,834
86$22,158,235$7,027,322$4,907,653$17,198,828
87$24,370,813$7,324,099$5,024,497$18,760,054
88$26,807,576$7,633,919$5,143,758$20,474,524
89$29,491,343$7,957,376$5,265,468$22,357,676
90$32,447,260$8,295,088$5,389,662$24,426,511
91$35,703,037$8,647,703$5,516,371$26,699,760
92$39,289,207$9,015,900$5,645,630$29,198,057
93$43,239,416$9,400,390$5,777,469$31,944,132
94$47,590,742$9,801,915$5,911,920$34,963,027
95$52,384,042$10,221,253$6,049,014$38,282,329
96$57,664,339$10,659,219$6,188,780$41,932,431
97$63,481,245$11,116,664$6,331,248$45,946,815
98$69,889,433$11,594,481$6,476,445$50,362,373
99$76,949,148$12,093,604$6,624,399$55,219,747
100$84,726,781$12,615,011$6,775,136$60,563,716