Can I retire at age 65 with 1,850,000?

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 $1,850,000?

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$152,771$151,410$150,083$148,787$147,522$146,103
2 years$75,629$74,221$72,856$71,532$70,248$68,819
3 years$49,919$48,504$47,142$45,831$44,568$43,173
4 years$37,066$35,656$34,308$33,019$31,787$30,436
5 years$29,356$27,954$26,624$25,362$24,164$22,861
6 years$24,218$22,827$21,516$20,282$19,120$17,868
7 years$20,550$19,170$17,880$16,675$15,550$14,348
8 years$17,799$16,432$15,164$13,988$12,900$11,749
9 years$15,661$14,307$13,061$11,915$10,864$9,763
10 years$13,952$12,611$11,386$10,271$9,256$8,206
11 years$12,554$11,227$10,024$8,939$7,961$6,959
12 years$11,391$10,077$8,896$7,840$6,899$5,945
13 years$10,407$9,106$7,948$6,922$6,016$5,108
14 years$9,564$8,277$7,142$6,144$5,273$4,411
15 years$8,834$7,562$6,448$5,480$4,643$3,825
16 years$8,196$6,938$5,846$4,907$4,104$3,329
17 years$7,634$6,389$5,320$4,408$3,638$2,905
18 years$7,135$5,904$4,856$3,973$3,235$2,542
19 years$6,689$5,472$4,446$3,590$2,884$2,229
20 years$6,288$5,085$4,080$3,251$2,576$1,958
21 years$5,925$4,736$3,753$2,951$2,305$1,723
22 years$5,596$4,421$3,459$2,683$2,066$1,519
23 years$5,296$4,135$3,194$2,443$1,855$1,340
24 years$5,022$3,874$2,953$2,229$1,667$1,183
25 years$4,770$3,636$2,736$2,035$1,500$1,046
26 years$4,537$3,417$2,537$1,861$1,351$926
27 years$4,322$3,216$2,356$1,703$1,218$820
28 years$4,123$3,030$2,190$1,561$1,099$726
29 years$3,938$2,859$2,038$1,431$993$644
30 years$3,766$2,700$1,898$1,313$897$571
31 years$3,605$2,552$1,770$1,206$811$507
32 years$3,454$2,415$1,651$1,109$733$450
33 years$3,313$2,287$1,542$1,019$664$400
34 years$3,180$2,167$1,441$938$601$355
35 years$3,056$2,056$1,347$863$544$315
36 years$2,938$1,951$1,260$795$493$280
37 years$2,827$1,853$1,179$733$447$249
38 years$2,722$1,761$1,104$675$405$222
39 years$2,623$1,675$1,035$623$367$197
40 years$2,529$1,593$970$574$333$175
41 years$2,440$1,517$909$530$302$156
42 years$2,355$1,444$853$489$274$139
43 years$2,275$1,376$800$451$249$123
44 years$2,198$1,312$751$417$226$110
45 years$2,125$1,251$705$385$205$98
46 years$2,055$1,193$663$356$186$87
47 years$1,989$1,139$622$329$169$77
48 years$1,925$1,087$585$304$154$69
49 years$1,864$1,038$550$281$140$61
50 years$1,806$992$517$259$127$55

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $1,850,000, adding $2,387 every year, while hoping to spend $24,361 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: 44/28/28 Blend
64$1,850,000$1,850,000$1,850,000$1,850,000
65$2,041,162$1,943,112$1,914,437$2,114,282
66$2,223,441$2,012,405$1,952,651$2,236,006
67$2,423,495$2,084,276$1,991,328$2,365,366
68$2,643,113$2,158,827$2,030,459$2,505,133
69$2,884,264$2,236,162$2,070,032$2,656,287
70$3,149,115$2,316,391$2,110,035$2,819,910
71$3,440,057$2,399,626$2,150,453$2,997,189
72$3,759,722$2,485,987$2,191,272$3,189,431
73$4,111,009$2,575,596$2,232,475$3,398,073
74$4,497,113$2,668,581$2,274,044$3,624,697
75$4,921,553$2,765,076$2,315,959$3,871,042
76$5,388,206$2,865,220$2,358,199$4,139,024
77$5,901,345$2,969,157$2,400,741$4,430,750
78$6,465,675$3,077,039$2,443,559$4,748,538
79$7,086,383$3,189,023$2,486,627$5,094,942
80$7,769,181$3,305,272$2,529,916$5,472,772
81$8,520,364$3,425,957$2,573,394$5,885,121
82$9,346,867$3,551,255$2,617,029$6,335,394
83$10,256,333$3,681,352$2,660,785$6,827,341
84$11,257,181$3,816,440$2,704,623$7,365,090
85$12,358,689$3,956,720$2,748,503$7,953,187
86$13,571,078$4,102,403$2,792,381$8,596,638
87$14,905,613$4,253,706$2,836,211$9,300,954
88$16,374,704$4,410,856$2,879,943$10,072,207
89$17,992,028$4,574,092$2,923,525$10,917,082
90$19,772,652$4,743,660$2,966,900$11,842,942
91$21,733,181$4,919,818$3,010,010$12,857,896
92$23,891,912$5,102,834$3,052,791$13,970,878
93$26,269,004$5,292,990$3,095,177$15,191,725
94$28,886,673$5,490,578$3,137,096$16,531,274
95$31,769,398$5,695,901$3,178,474$18,001,464
96$34,944,155$5,909,278$3,219,231$19,615,444
97$38,440,667$6,131,041$3,259,283$21,387,699
98$42,291,687$6,361,534$3,298,541$23,334,188
99$46,533,309$6,601,119$3,336,912$25,472,490
100$51,205,304$6,850,171$3,374,296$27,821,972