Can I retire at age 65 with 3,500,000?

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 $3,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$289,027$286,452$283,940$281,489$279,095$276,410
2 years$143,083$140,418$137,835$135,331$132,902$130,198
3 years$94,441$91,765$89,188$86,708$84,319$81,678
4 years$70,125$67,457$64,906$62,468$60,137$57,581
5 years$55,539$52,887$50,370$47,982$45,715$43,251
6 years$45,818$43,186$40,706$38,371$36,173$33,804
7 years$38,878$36,268$33,827$31,547$29,418$27,145
8 years$33,674$31,088$28,688$26,464$24,405$22,228
9 years$29,630$27,068$24,709$22,542$20,553$18,471
10 years$26,396$23,859$21,542$19,431$17,512$15,524
11 years$23,752$21,240$18,965$16,911$15,061$13,165
12 years$21,550$19,064$16,831$14,833$13,051$11,246
13 years$19,688$17,228$15,038$13,095$11,381$9,664
14 years$18,094$15,660$13,511$11,625$9,977$8,346
15 years$16,713$14,306$12,199$10,367$8,784$7,237
16 years$15,506$13,125$11,060$9,283$7,763$6,298
17 years$14,443$12,088$10,064$8,340$6,884$5,496
18 years$13,498$11,170$9,187$7,516$6,121$4,809
19 years$12,654$10,352$8,411$6,792$5,455$4,217
20 years$11,895$9,620$7,719$6,151$4,873$3,705
21 years$11,210$8,960$7,100$5,583$4,361$3,260
22 years$10,587$8,364$6,544$5,076$3,909$2,873
23 years$10,020$7,823$6,042$4,623$3,509$2,535
24 years$9,501$7,329$5,588$4,216$3,154$2,239
25 years$9,024$6,878$5,175$3,850$2,838$1,979
26 years$8,584$6,464$4,800$3,521$2,556$1,751
27 years$8,177$6,084$4,457$3,223$2,305$1,551
28 years$7,801$5,733$4,143$2,953$2,080$1,374
29 years$7,451$5,408$3,856$2,708$1,878$1,218
30 years$7,124$5,107$3,592$2,485$1,697$1,081
31 years$6,820$4,828$3,348$2,282$1,534$959
32 years$6,535$4,569$3,124$2,097$1,388$851
33 years$6,268$4,326$2,917$1,929$1,256$756
34 years$6,017$4,100$2,725$1,775$1,137$671
35 years$5,781$3,889$2,548$1,634$1,030$597
36 years$5,559$3,691$2,384$1,504$933$530
37 years$5,349$3,506$2,231$1,386$846$471
38 years$5,151$3,332$2,089$1,278$767$419
39 years$4,963$3,168$1,957$1,178$695$373
40 years$4,785$3,014$1,835$1,087$631$331
41 years$4,616$2,869$1,720$1,003$572$295
42 years$4,456$2,733$1,614$925$519$262
43 years$4,304$2,604$1,514$854$471$233
44 years$4,158$2,482$1,421$789$428$208
45 years$4,020$2,367$1,335$728$388$185
46 years$3,888$2,258$1,254$673$352$164
47 years$3,763$2,155$1,178$622$320$146
48 years$3,642$2,057$1,107$574$291$130
49 years$3,527$1,964$1,040$531$264$116
50 years$3,417$1,876$978$491$240$103

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $3,500,000, adding $2,280 every year, while hoping to spend $51,983 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: 58/36/6 Blend
64$3,500,000$3,500,000$3,500,000$3,500,000
65$3,859,352$3,673,852$3,619,602$4,078,403
66$4,197,696$3,798,561$3,685,549$4,350,388
67$4,568,809$3,927,639$3,751,963$4,640,589
68$4,975,979$4,061,244$3,818,805$4,955,577
69$5,422,826$4,199,543$3,886,032$5,297,726
70$5,913,340$4,342,705$3,953,600$5,669,647
71$6,451,913$4,490,911$4,021,458$6,074,213
72$7,043,387$4,644,344$4,089,555$6,514,585
73$7,693,092$4,803,196$4,157,835$6,994,239
74$8,406,903$4,967,668$4,226,238$7,517,002
75$9,191,289$5,137,966$4,294,699$8,087,083
76$10,053,380$5,314,306$4,363,150$8,709,115
77$11,001,028$5,496,910$4,431,519$9,388,199
78$12,042,885$5,686,011$4,499,728$10,129,948
79$13,188,484$5,881,850$4,567,694$10,940,540
80$14,448,327$6,084,679$4,635,329$11,826,776
81$15,833,984$6,294,756$4,702,540$12,796,146
82$17,358,204$6,512,352$4,769,229$13,856,894
83$19,035,033$6,737,750$4,835,290$15,018,097
84$20,879,947$6,971,240$4,900,613$16,289,750
85$22,909,997$7,213,126$4,965,078$17,682,861
86$25,143,971$7,463,724$5,028,563$19,209,548
87$27,602,571$7,723,361$5,090,935$20,883,159
88$30,308,607$7,992,379$5,152,055$22,718,394
89$33,287,211$8,271,132$5,211,775$24,731,442
90$36,566,078$8,559,989$5,269,941$26,940,133
91$40,175,721$8,859,331$5,326,387$29,364,106
92$44,149,765$9,169,559$5,380,941$32,024,991
93$48,525,259$9,491,086$5,433,421$34,946,615
94$53,343,029$9,824,342$5,483,634$38,155,223
95$58,648,059$10,169,776$5,531,377$41,679,723
96$64,489,919$10,527,853$5,576,436$45,551,963
97$70,923,232$10,899,059$5,618,588$49,807,023
98$78,008,186$11,283,897$5,657,594$54,483,550
99$85,811,104$11,682,892$5,693,208$59,624,119
100$94,405,072$12,096,589$5,725,165$65,275,632