Can I retire at age 65 with 3,100,000?

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 $3,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.4%
1 years$255,995$253,715$251,490$249,319$247,198$237,860
2 years$126,730$124,370$122,083$119,865$117,714$108,414
3 years$83,648$81,277$78,996$76,799$74,682$65,714
4 years$62,110$59,747$57,489$55,329$53,264$44,695
5 years$49,192$46,843$44,613$42,498$40,490$32,343
6 years$40,582$38,251$36,054$33,986$32,039$24,319
7 years$34,434$32,123$29,961$27,942$26,056$18,761
8 years$29,826$27,535$25,410$23,440$21,616$14,739
9 years$26,243$23,974$21,885$19,965$18,204$11,735
10 years$23,379$21,132$19,080$17,210$15,511$9,438
11 years$21,037$18,813$16,798$14,978$13,340$7,651
12 years$19,087$16,885$14,908$13,138$11,560$6,240
13 years$17,438$15,259$13,319$11,599$10,080$5,113
14 years$16,026$13,870$11,967$10,296$8,836$4,207
15 years$14,803$12,671$10,805$9,182$7,780$3,472
16 years$13,734$11,625$9,796$8,222$6,876$2,873
17 years$12,792$10,706$8,914$7,387$6,097$2,382
18 years$11,956$9,893$8,137$6,657$5,421$1,978
19 years$11,208$9,169$7,449$6,015$4,832$1,645
20 years$10,536$8,520$6,837$5,448$4,316$1,370
21 years$9,929$7,936$6,288$4,945$3,862$1,142
22 years$9,377$7,408$5,796$4,496$3,462$953
23 years$8,875$6,929$5,351$4,094$3,108$795
24 years$8,415$6,492$4,949$3,734$2,793$664
25 years$7,992$6,092$4,584$3,410$2,514$555
26 years$7,603$5,726$4,251$3,118$2,264$464
27 years$7,243$5,389$3,948$2,854$2,041$388
28 years$6,909$5,078$3,670$2,615$1,842$324
29 years$6,599$4,790$3,415$2,398$1,663$271
30 years$6,310$4,524$3,181$2,201$1,503$227
31 years$6,041$4,276$2,966$2,021$1,359$190
32 years$5,788$4,046$2,767$1,858$1,229$159
33 years$5,552$3,832$2,584$1,708$1,112$133
34 years$5,329$3,632$2,414$1,572$1,007$111
35 years$5,120$3,445$2,257$1,447$912$93
36 years$4,924$3,270$2,111$1,333$826$78
37 years$4,738$3,105$1,976$1,228$749$65
38 years$4,562$2,951$1,850$1,132$679$55
39 years$4,396$2,806$1,734$1,043$616$46
40 years$4,238$2,670$1,625$962$559$38
41 years$4,089$2,542$1,524$888$507$32
42 years$3,947$2,420$1,429$819$460$27
43 years$3,812$2,306$1,341$756$417$23
44 years$3,683$2,198$1,259$698$379$19
45 years$3,561$2,096$1,182$645$344$16
46 years$3,444$2,000$1,110$596$312$13
47 years$3,333$1,908$1,043$550$283$11
48 years$3,226$1,822$980$509$257$9
49 years$3,124$1,740$921$470$234$8
50 years$3,027$1,662$866$435$212$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $3,100,000, adding $2,746 every year, while hoping to spend $20,984 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: 71/10/19 Blend
64$3,100,000$3,100,000$3,100,000$3,100,000
65$3,419,032$3,254,732$3,206,682$3,645,984
66$3,745,447$3,391,888$3,291,780$3,934,580
67$4,104,452$3,535,060$3,379,024$4,247,683
68$4,499,351$3,684,522$3,468,466$4,589,962
69$4,933,781$3,840,560$3,560,156$4,964,304
70$5,411,751$4,003,472$3,654,145$5,373,888
71$5,937,678$4,173,570$3,750,487$5,822,211
72$6,516,428$4,351,182$3,849,235$6,313,128
73$7,153,363$4,536,649$3,950,444$6,850,879
74$7,854,392$4,730,331$4,054,170$7,440,137
75$8,626,024$4,932,602$4,160,469$8,086,044
76$9,475,434$5,143,854$4,269,400$8,794,267
77$10,410,524$5,364,499$4,381,020$9,571,045
78$11,440,003$5,594,966$4,495,391$10,423,248
79$12,573,470$5,835,705$4,612,573$11,358,444
80$13,821,497$6,087,188$4,732,628$12,384,969
81$15,195,738$6,349,908$4,855,618$13,512,003
82$16,709,031$6,624,382$4,981,610$14,749,661
83$18,375,525$6,911,149$5,110,666$16,109,080
84$20,210,810$7,210,777$5,242,855$17,602,531
85$22,232,065$7,523,857$5,378,243$19,243,532
86$24,458,220$7,851,011$5,516,898$21,046,972
87$26,910,135$8,192,887$5,658,891$23,029,254
88$29,610,797$8,550,166$5,804,292$25,208,448
89$32,585,534$8,923,560$5,953,172$27,604,463
90$35,862,260$9,313,816$6,105,604$30,239,229
91$39,471,731$9,721,713$6,261,662$33,136,908
92$43,447,841$10,148,071$6,421,422$36,324,120
93$47,827,939$10,593,745$6,584,957$39,830,192
94$52,653,182$11,059,632$6,752,347$43,687,435
95$57,968,924$11,546,671$6,923,668$47,931,450
96$63,825,143$12,055,846$7,098,999$52,601,459
97$70,276,913$12,588,188$7,278,421$57,740,677
98$77,384,924$13,144,775$7,462,014$63,396,719
99$85,216,055$13,726,738$7,649,860$69,622,045
100$93,844,004$14,335,260$7,842,042$76,474,460