Can I retire at age 65 with 2,880,000?

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 $2,880,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$237,828$235,709$233,642$231,625$229,655$226,598
2 years$117,736$115,544$113,419$111,358$109,360$106,284
3 years$77,711$75,509$73,389$71,348$69,382$66,384
4 years$57,703$55,507$53,409$51,402$49,484$46,587
5 years$45,701$43,518$41,447$39,482$37,617$34,829
6 years$37,702$35,536$33,496$31,574$29,765$27,089
7 years$31,991$29,843$27,835$25,959$24,207$21,645
8 years$27,709$25,581$23,606$21,776$20,082$17,633
9 years$24,381$22,273$20,332$18,548$16,912$14,575
10 years$21,720$19,632$17,726$15,989$14,410$12,183
11 years$19,544$17,478$15,606$13,915$12,393$10,274
12 years$17,732$15,687$13,850$12,205$10,739$8,727
13 years$16,200$14,176$12,374$10,776$9,365$7,456
14 years$14,888$12,886$11,118$9,565$8,209$6,400
15 years$13,752$11,772$10,038$8,531$7,228$5,516
16 years$12,759$10,800$9,101$7,638$6,388$4,770
17 years$11,884$9,947$8,281$6,863$5,664$4,137
18 years$11,107$9,191$7,560$6,185$5,036$3,597
19 years$10,413$8,518$6,921$5,589$4,489$3,133
20 years$9,788$7,916$6,351$5,062$4,010$2,735
21 years$9,224$7,373$5,842$4,594$3,588$2,390
22 years$8,712$6,882$5,384$4,177$3,216$2,092
23 years$8,245$6,437$4,972$3,804$2,887$1,833
24 years$7,818$6,031$4,598$3,469$2,595$1,608
25 years$7,425$5,660$4,259$3,168$2,335$1,412
26 years$7,063$5,319$3,950$2,897$2,103$1,240
27 years$6,729$5,006$3,668$2,652$1,896$1,090
28 years$6,419$4,717$3,409$2,429$1,711$959
29 years$6,131$4,450$3,173$2,228$1,545$844
30 years$5,862$4,203$2,955$2,045$1,396$743
31 years$5,612$3,973$2,755$1,878$1,262$655
32 years$5,377$3,759$2,571$1,726$1,142$577
33 years$5,158$3,560$2,400$1,587$1,033$508
34 years$4,951$3,374$2,243$1,460$936$448
35 years$4,757$3,200$2,097$1,344$847$395
36 years$4,574$3,038$1,961$1,238$768$349
37 years$4,401$2,885$1,836$1,141$696$308
38 years$4,238$2,742$1,719$1,051$631$271
39 years$4,084$2,607$1,611$969$572$239
40 years$3,937$2,480$1,510$894$519$211
41 years$3,799$2,361$1,416$825$471$187
42 years$3,667$2,249$1,328$761$427$165
43 years$3,541$2,143$1,246$703$388$145
44 years$3,422$2,042$1,170$649$352$128
45 years$3,308$1,948$1,098$599$319$113
46 years$3,200$1,858$1,031$554$290$100
47 years$3,096$1,773$969$511$263$88
48 years$2,997$1,693$911$473$239$78
49 years$2,902$1,616$856$437$217$69
50 years$2,812$1,544$805$404$197$61

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $2,880,000, adding $4,862 every year, while hoping to spend $23,196 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: 64/11/25 Blend
64$2,880,000$2,880,000$2,880,000$2,880,000
65$3,178,775$3,026,135$2,981,495$3,361,060
66$3,478,330$3,149,735$3,056,695$3,608,369
67$3,807,662$3,278,615$3,133,636$3,875,453
68$4,169,783$3,413,007$3,212,353$4,166,759
69$4,568,014$3,553,158$3,292,880$4,484,667
70$5,006,012$3,699,322$3,375,252$4,831,794
71$5,487,805$3,851,769$3,459,502$5,211,022
72$6,017,833$4,010,777$3,545,668$5,625,522
73$6,600,987$4,176,641$3,633,783$6,078,789
74$7,242,657$4,349,666$3,723,884$6,574,668
75$7,948,782$4,530,173$3,816,008$7,117,393
76$8,725,903$4,718,496$3,910,189$7,711,627
77$9,581,230$4,914,988$4,006,466$8,362,505
78$10,522,708$5,120,014$4,104,874$9,075,681
79$11,559,088$5,333,959$4,205,452$9,857,382
80$12,700,015$5,557,223$4,308,235$10,714,466
81$13,956,117$5,790,227$4,413,261$11,654,487
82$15,339,103$6,033,411$4,520,567$12,685,764
83$16,861,877$6,287,233$4,630,191$13,817,459
84$18,538,656$6,552,176$4,742,171$15,059,667
85$20,385,109$6,828,742$4,856,543$16,423,504
86$22,418,498$7,117,458$4,973,346$17,921,218
87$24,657,847$7,418,876$5,092,615$19,566,297
88$27,124,119$7,733,573$5,214,389$21,373,603
89$29,840,412$8,062,151$5,338,704$23,359,507
90$32,832,181$8,405,243$5,465,598$25,542,042
91$36,127,474$8,763,510$5,595,105$27,941,078
92$39,757,198$9,137,644$5,727,264$30,578,501
93$43,755,413$9,528,370$5,862,108$33,478,426
94$48,159,650$9,936,445$5,999,673$36,667,419
95$53,011,267$10,362,662$6,139,994$40,174,750
96$58,355,837$10,807,854$6,283,105$44,032,667
97$64,243,582$11,272,888$6,429,039$48,276,697
98$70,729,844$11,758,676$6,577,828$52,945,987
99$77,875,607$12,266,171$6,729,504$58,083,666
100$85,748,075$12,796,369$6,884,098$63,737,254