Can I retire at age 65 with 2,900,000?

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 $2,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$239,479$237,346$235,265$233,234$231,250$229,504
2 years$118,554$116,346$114,206$112,132$110,119$108,359
3 years$78,251$76,033$73,899$71,844$69,864$68,144
4 years$58,103$55,893$53,780$51,759$49,828$48,161
5 years$46,018$43,821$41,735$39,756$37,878$36,270
6 years$37,964$35,783$33,728$31,793$29,972$28,424
7 years$32,213$30,050$28,028$26,139$24,375$22,888
8 years$27,902$25,759$23,770$21,927$20,221$18,796
9 years$24,550$22,428$20,473$18,677$17,029$15,665
10 years$21,871$19,769$17,849$16,100$14,510$13,205
11 years$19,680$17,599$15,714$14,012$12,479$11,233
12 years$17,855$15,796$13,946$12,290$10,814$9,626
13 years$16,313$14,275$12,460$10,850$9,430$8,299
14 years$14,992$12,975$11,195$9,632$8,266$7,190
15 years$13,848$11,853$10,108$8,590$7,278$6,256
16 years$12,848$10,875$9,164$7,691$6,433$5,463
17 years$11,967$10,016$8,339$6,911$5,704$4,784
18 years$11,184$9,255$7,612$6,228$5,071$4,201
19 years$10,485$8,577$6,969$5,627$4,520$3,697
20 years$9,856$7,970$6,396$5,097$4,038$3,260
21 years$9,288$7,424$5,883$4,626$3,613$2,879
22 years$8,772$6,930$5,422$4,206$3,239$2,547
23 years$8,302$6,482$5,006$3,830$2,907$2,256
24 years$7,872$6,073$4,630$3,493$2,613$2,000
25 years$7,477$5,699$4,288$3,190$2,351$1,775
26 years$7,112$5,356$3,977$2,917$2,118$1,577
27 years$6,776$5,041$3,693$2,670$1,910$1,402
28 years$6,463$4,750$3,433$2,446$1,723$1,247
29 years$6,173$4,481$3,195$2,243$1,556$1,110
30 years$5,903$4,232$2,976$2,059$1,406$989
31 years$5,651$4,001$2,774$1,891$1,271$881
32 years$5,415$3,785$2,588$1,738$1,150$785
33 years$5,193$3,585$2,417$1,598$1,040$700
34 years$4,986$3,398$2,258$1,470$942$625
35 years$4,790$3,223$2,111$1,354$853$557
36 years$4,606$3,059$1,975$1,247$773$497
37 years$4,432$2,905$1,849$1,149$701$444
38 years$4,268$2,761$1,731$1,059$635$396
39 years$4,112$2,625$1,622$976$576$354
40 years$3,965$2,498$1,520$900$522$316
41 years$3,825$2,378$1,425$831$474$283
42 years$3,692$2,264$1,337$767$430$252
43 years$3,566$2,157$1,255$708$390$226
44 years$3,446$2,056$1,178$653$354$202
45 years$3,331$1,961$1,106$603$322$180
46 years$3,222$1,871$1,039$557$292$161
47 years$3,118$1,785$976$515$265$144
48 years$3,018$1,704$917$476$241$129
49 years$2,923$1,628$862$440$219$115
50 years$2,831$1,555$810$406$199$103

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $2,900,000, adding $4,966 every year, while hoping to spend $40,593 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: 60/32/8 Blend
64$2,900,000$2,900,000$2,900,000$2,900,000
65$3,200,922$3,047,222$3,002,272$3,387,162
66$3,484,226$3,153,346$3,059,658$3,618,694
67$3,795,066$3,263,308$3,117,605$3,866,033
68$4,136,208$3,377,256$3,176,091$4,134,793
69$4,510,699$3,495,340$3,235,088$4,427,038
70$4,921,895$3,617,716$3,294,568$4,745,037
71$5,373,493$3,744,549$3,354,500$5,091,286
72$5,869,565$3,876,007$3,414,852$5,468,534
73$6,414,598$4,012,269$3,475,587$5,879,801
74$7,013,534$4,153,517$3,536,665$6,328,416
75$7,671,817$4,299,942$3,598,047$6,818,039
76$8,395,447$4,451,744$3,659,686$7,352,699
77$9,191,032$4,609,129$3,721,535$7,936,832
78$10,065,853$4,772,311$3,783,542$8,575,320
79$11,027,932$4,941,517$3,845,652$9,273,538
80$12,086,106$5,116,976$3,907,807$10,037,402
81$13,250,115$5,298,934$3,969,944$10,873,428
82$14,530,685$5,487,640$4,031,996$11,788,790
83$15,939,639$5,683,359$4,093,892$12,791,384
84$17,490,002$5,886,363$4,155,557$13,889,910
85$19,196,124$6,096,937$4,216,910$15,093,945
86$21,073,818$6,315,376$4,277,866$16,414,037
87$23,140,506$6,541,988$4,338,333$17,861,802
88$25,415,388$6,777,096$4,398,218$19,450,033
89$27,919,616$7,021,032$4,457,416$21,192,821
90$30,676,498$7,274,144$4,515,821$23,105,687
91$33,711,719$7,536,795$4,573,319$25,205,723
92$37,053,578$7,809,361$4,629,789$27,511,759
93$40,733,259$8,092,236$4,685,103$30,044,536
94$44,785,125$8,385,829$4,739,127$32,826,900
95$49,247,039$8,690,566$4,791,719$35,884,017
96$54,160,723$9,006,891$4,842,729$39,243,613
97$59,572,154$9,335,265$4,891,997$42,936,228
98$65,531,993$9,676,172$4,939,358$46,995,508
99$72,096,065$10,030,113$4,984,635$51,458,518
100$79,325,885$10,397,611$5,027,642$56,366,095