Can I retire at age 65 with 1,820,000?

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 $1,820,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$150,294$148,955$147,649$146,374$145,129$143,674
2 years$74,403$73,017$71,674$70,372$69,109$67,643
3 years$49,109$47,718$46,378$45,088$43,846$42,414
4 years$36,465$35,077$33,751$32,483$31,271$29,886
5 years$28,880$27,501$26,192$24,950$23,772$22,437
6 years$23,825$22,457$21,167$19,953$18,810$17,526
7 years$20,216$18,859$17,590$16,405$15,297$14,066
8 years$17,511$16,166$14,918$13,761$12,691$11,512
9 years$15,407$14,075$12,849$11,722$10,687$9,560
10 years$13,726$12,407$11,202$10,104$9,106$8,030
11 years$12,351$11,045$9,862$8,794$7,832$6,806
12 years$11,206$9,913$8,752$7,713$6,787$5,810
13 years$10,238$8,959$7,820$6,810$5,918$4,990
14 years$9,409$8,143$7,026$6,045$5,188$4,306
15 years$8,691$7,439$6,343$5,391$4,568$3,732
16 years$8,063$6,825$5,751$4,827$4,037$3,245
17 years$7,510$6,286$5,233$4,337$3,579$2,830
18 years$7,019$5,808$4,777$3,908$3,183$2,475
19 years$6,580$5,383$4,373$3,532$2,837$2,168
20 years$6,186$5,002$4,014$3,199$2,534$1,904
21 years$5,829$4,659$3,692$2,903$2,268$1,674
22 years$5,505$4,349$3,403$2,639$2,033$1,474
23 years$5,210$4,068$3,142$2,404$1,825$1,299
24 years$4,940$3,811$2,906$2,192$1,640$1,147
25 years$4,692$3,577$2,691$2,002$1,476$1,013
26 years$4,464$3,362$2,496$1,831$1,329$896
27 years$4,252$3,164$2,318$1,676$1,198$793
28 years$4,056$2,981$2,155$1,535$1,081$702
29 years$3,874$2,812$2,005$1,408$976$622
30 years$3,705$2,656$1,868$1,292$882$551
31 years$3,546$2,511$1,741$1,187$798$488
32 years$3,398$2,376$1,624$1,091$722$433
33 years$3,259$2,250$1,517$1,003$653$384
34 years$3,129$2,132$1,417$923$591$341
35 years$3,006$2,022$1,325$849$535$303
36 years$2,891$1,920$1,239$782$485$269
37 years$2,781$1,823$1,160$721$440$239
38 years$2,678$1,733$1,086$664$399$212
39 years$2,581$1,648$1,018$613$362$189
40 years$2,488$1,568$954$565$328$168
41 years$2,400$1,492$895$521$297$149
42 years$2,317$1,421$839$481$270$132
43 years$2,238$1,354$787$444$245$118
44 years$2,162$1,291$739$410$222$105
45 years$2,091$1,231$694$379$202$93
46 years$2,022$1,174$652$350$183$83
47 years$1,957$1,120$612$323$166$74
48 years$1,894$1,070$575$299$151$65
49 years$1,834$1,021$541$276$137$58
50 years$1,777$976$509$255$125$52

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $1,820,000, adding $2,619 every year, while hoping to spend $50,607 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: 44/30/26 Blend
64$1,820,000$1,820,000$1,820,000$1,820,000
65$2,008,341$1,911,881$1,883,671$2,081,451
66$2,159,347$1,951,718$1,892,929$2,173,556
67$2,324,059$1,991,811$1,900,801$2,268,269
68$2,503,822$2,032,118$1,907,186$2,369,953
69$2,700,115$2,072,596$1,911,981$2,479,282
70$2,914,570$2,113,196$1,915,075$2,597,002
71$3,148,979$2,153,865$1,916,353$2,723,935
72$3,405,316$2,194,547$1,915,692$2,860,988
73$3,685,757$2,235,178$1,912,967$3,009,163
74$3,992,696$2,275,694$1,908,043$3,169,562
75$4,328,769$2,316,020$1,900,780$3,343,405
76$4,696,879$2,356,081$1,891,031$3,532,034
77$5,100,223$2,395,791$1,878,644$3,736,934
78$5,542,322$2,435,062$1,863,455$3,959,739
79$6,027,055$2,473,796$1,845,297$4,202,255
80$6,558,692$2,511,889$1,823,992$4,466,471
81$7,141,938$2,549,231$1,799,355$4,754,586
82$7,781,974$2,585,702$1,771,191$5,069,020
83$8,484,508$2,621,173$1,739,299$5,412,448
84$9,255,827$2,655,510$1,703,464$5,787,818
85$10,102,855$2,688,564$1,663,465$6,198,382
86$11,033,224$2,720,181$1,619,068$6,647,728
87$12,055,336$2,750,193$1,570,030$7,139,812
88$13,178,450$2,778,422$1,516,096$7,679,001
89$14,412,766$2,804,679$1,456,999$8,270,109
90$15,769,521$2,828,762$1,392,461$8,918,445
91$17,261,095$2,850,453$1,322,191$9,629,867
92$18,901,126$2,869,525$1,245,884$10,410,835
93$20,704,641$2,885,732$1,163,222$11,268,471
94$22,688,196$2,898,815$1,073,872$12,210,633
95$24,870,032$2,908,497$977,486$13,245,985
96$27,270,246$2,914,484$873,703$14,384,082
97$29,910,982$2,916,464$762,142$15,635,460
98$32,816,636$2,914,104$642,407$17,011,740
99$36,014,090$2,907,053$514,086$18,525,735
100$39,532,965$2,894,937$376,746$20,191,571