Can I retire at age 65 with 2,860,000?

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 $2,860,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.6%
1 years$236,176$234,072$232,020$230,017$228,060$222,819
2 years$116,919$114,741$112,631$110,585$108,600$103,348
3 years$77,172$74,985$72,880$70,853$68,900$63,802
4 years$57,302$55,122$53,038$51,045$49,140$44,235
5 years$45,383$43,216$41,159$39,208$37,356$32,657
6 years$37,440$35,289$33,263$31,355$29,558$25,072
7 years$31,769$29,636$27,642$25,779$24,039$19,764
8 years$27,517$25,403$23,442$21,625$19,943$15,879
9 years$24,212$22,118$20,191$18,420$16,794$12,938
10 years$21,569$19,496$17,603$15,878$14,310$10,657
11 years$19,408$17,356$15,497$13,819$12,307$8,853
12 years$17,609$15,578$13,753$12,121$10,665$7,404
13 years$16,088$14,078$12,288$10,701$9,300$6,226
14 years$14,785$12,796$11,041$9,499$8,152$5,258
15 years$13,657$11,690$9,968$8,471$7,178$4,458
16 years$12,671$10,725$9,038$7,585$6,344$3,791
17 years$11,802$9,878$8,224$6,815$5,625$3,231
18 years$11,030$9,127$7,507$6,142$5,001$2,761
19 years$10,340$8,459$6,873$5,550$4,458$2,363
20 years$9,720$7,861$6,307$5,026$3,982$2,025
21 years$9,160$7,322$5,802$4,562$3,563$1,738
22 years$8,651$6,835$5,347$4,148$3,194$1,494
23 years$8,188$6,392$4,937$3,777$2,867$1,285
24 years$7,763$5,989$4,566$3,445$2,577$1,106
25 years$7,374$5,621$4,229$3,146$2,319$953
26 years$7,014$5,282$3,922$2,877$2,089$821
27 years$6,682$4,971$3,642$2,633$1,883$708
28 years$6,374$4,684$3,386$2,413$1,699$611
29 years$6,088$4,419$3,151$2,212$1,534$527
30 years$5,822$4,174$2,935$2,030$1,386$455
31 years$5,573$3,945$2,736$1,865$1,253$393
32 years$5,340$3,733$2,553$1,714$1,134$339
33 years$5,122$3,535$2,384$1,576$1,026$293
34 years$4,917$3,351$2,227$1,450$929$253
35 years$4,724$3,178$2,082$1,335$841$219
36 years$4,542$3,016$1,948$1,229$762$189
37 years$4,371$2,865$1,823$1,133$691$164
38 years$4,209$2,723$1,707$1,044$626$141
39 years$4,055$2,589$1,599$963$568$122
40 years$3,910$2,463$1,499$888$515$106
41 years$3,772$2,345$1,406$819$467$91
42 years$3,641$2,233$1,319$756$424$79
43 years$3,517$2,128$1,237$698$385$68
44 years$3,398$2,028$1,162$644$349$59
45 years$3,285$1,934$1,091$595$317$51
46 years$3,177$1,845$1,024$550$288$44
47 years$3,075$1,761$962$508$262$38
48 years$2,976$1,681$904$469$238$33
49 years$2,882$1,605$850$434$216$29
50 years$2,792$1,533$799$401$196$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $2,860,000, adding $6,695 every year, while hoping to spend $22,437 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: 57/16/27 Blend
64$2,860,000$2,860,000$2,860,000$2,860,000
65$3,158,626$3,007,046$2,962,716$3,314,975
66$3,456,933$3,130,518$3,038,094$3,546,420
67$3,784,915$3,259,289$3,115,245$3,795,637
68$4,145,576$3,393,594$3,194,206$4,066,816
69$4,542,224$3,533,679$3,275,011$4,362,087
70$4,978,505$3,679,804$3,357,698$4,683,793
71$5,458,436$3,832,237$3,442,304$5,034,514
72$5,986,441$3,991,261$3,528,865$5,417,086
73$6,567,397$4,157,172$3,617,421$5,834,633
74$7,206,676$4,330,278$3,708,009$6,290,592
75$7,910,197$4,510,902$3,800,669$6,788,746
76$8,684,484$4,699,383$3,895,438$7,333,261
77$9,536,723$4,896,074$3,992,356$7,928,720
78$10,474,832$5,101,345$4,091,463$8,580,172
79$11,507,537$5,315,583$4,192,800$9,293,172
80$12,644,453$5,539,194$4,296,406$10,073,840
81$13,896,173$5,772,600$4,402,321$10,928,913
82$15,274,372$6,016,247$4,510,588$11,865,810
83$16,791,911$6,270,596$4,621,246$12,892,698
84$18,462,966$6,536,135$4,734,337$14,018,575
85$20,303,154$6,813,371$4,849,903$15,253,349
86$22,329,685$7,102,836$4,967,985$16,607,930
87$24,561,524$7,405,086$5,088,623$18,094,336
88$27,019,569$7,720,704$5,211,861$19,725,802
89$29,726,846$8,050,300$5,337,740$21,516,908
90$32,708,731$8,394,512$5,466,301$23,483,711
91$35,993,185$8,754,006$5,597,586$25,643,899
92$39,611,021$9,129,484$5,731,636$28,016,955
93$43,596,192$9,521,675$5,868,492$30,624,341
94$47,986,113$9,931,346$6,008,196$33,489,699
95$52,822,013$10,359,299$6,150,788$36,639,073
96$58,149,327$10,806,374$6,296,308$40,101,155
97$64,018,121$11,273,448$6,444,796$43,907,550
98$70,483,564$11,761,442$6,596,292$48,093,081
99$77,606,454$12,271,319$6,750,834$52,696,107
100$85,453,786$12,804,087$6,908,461$57,758,892