Can I retire at age 65 with 1,880,000?

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 $1,880,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$155,249$153,866$152,517$151,200$149,914$147,067
2 years$76,856$75,424$74,037$72,692$71,388$68,531
3 years$50,728$49,291$47,907$46,575$45,291$42,513
4 years$37,667$36,234$34,864$33,554$32,302$29,625
5 years$29,832$28,408$27,056$25,773$24,556$21,986
6 years$24,611$23,197$21,865$20,611$19,430$16,971
7 years$20,883$19,481$18,170$16,945$15,802$13,454
8 years$18,088$16,699$15,410$14,215$13,109$10,872
9 years$15,915$14,539$13,272$12,108$11,040$8,912
10 years$14,178$12,816$11,571$10,437$9,406$7,386
11 years$12,758$11,409$10,187$9,084$8,090$6,175
12 years$11,575$10,240$9,041$7,967$7,010$5,198
13 years$10,575$9,254$8,077$7,034$6,113$4,400
14 years$9,719$8,412$7,257$6,244$5,359$3,742
15 years$8,977$7,684$6,553$5,569$4,718$3,194
16 years$8,329$7,050$5,941$4,986$4,170$2,735
17 years$7,758$6,493$5,406$4,480$3,697$2,349
18 years$7,250$6,000$4,935$4,037$3,288$2,021
19 years$6,797$5,560$4,518$3,648$2,930$1,743
20 years$6,390$5,167$4,146$3,304$2,617$1,505
21 years$6,021$4,813$3,814$2,999$2,342$1,302
22 years$5,687$4,493$3,515$2,726$2,100$1,127
23 years$5,382$4,202$3,245$2,483$1,885$977
24 years$5,103$3,937$3,001$2,265$1,694$848
25 years$4,847$3,695$2,780$2,068$1,524$736
26 years$4,611$3,472$2,578$1,891$1,373$639
27 years$4,392$3,268$2,394$1,731$1,238$556
28 years$4,190$3,079$2,226$1,586$1,117$483
29 years$4,002$2,905$2,071$1,454$1,009$421
30 years$3,827$2,743$1,929$1,335$911$366
31 years$3,663$2,593$1,799$1,226$824$319
32 years$3,510$2,454$1,678$1,127$745$278
33 years$3,367$2,324$1,567$1,036$675$242
34 years$3,232$2,203$1,464$953$611$211
35 years$3,105$2,089$1,369$877$553$184
36 years$2,986$1,983$1,280$808$501$160
37 years$2,873$1,883$1,198$745$454$140
38 years$2,767$1,790$1,122$686$412$122
39 years$2,666$1,702$1,051$633$373$106
40 years$2,570$1,619$985$584$339$93
41 years$2,480$1,541$924$538$307$81
42 years$2,394$1,468$867$497$279$70
43 years$2,312$1,399$813$459$253$61
44 years$2,234$1,333$764$424$230$54
45 years$2,159$1,271$717$391$209$47
46 years$2,089$1,213$673$361$189$41
47 years$2,021$1,157$633$334$172$36
48 years$1,956$1,105$594$308$156$31
49 years$1,895$1,055$559$285$142$27
50 years$1,836$1,008$525$264$129$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $1,880,000, adding $4,847 every year, while hoping to spend $40,668 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: 65/18/17 Blend
64$1,880,000$1,880,000$1,880,000$1,880,000
65$2,076,760$1,977,120$1,947,980$2,202,749
66$2,245,319$2,030,728$1,969,967$2,341,374
67$2,429,708$2,085,600$1,991,327$2,487,676
68$2,631,499$2,141,755$2,011,997$2,646,567
69$2,852,422$2,199,212$2,031,909$2,819,279
70$3,094,383$2,257,987$2,050,993$3,007,168
71$3,359,482$2,318,100$2,069,172$3,211,727
72$3,650,029$2,379,567$2,086,369$3,434,602
73$3,968,569$2,442,404$2,102,501$3,677,605
74$4,317,908$2,506,626$2,117,479$3,942,731
75$4,701,132$2,572,248$2,131,212$4,232,179
76$5,121,643$2,639,284$2,143,603$4,548,371
77$5,583,188$2,707,746$2,154,551$4,893,977
78$6,089,893$2,777,645$2,163,948$5,271,934
79$6,646,304$2,848,992$2,171,683$5,685,482
80$7,257,430$2,921,795$2,177,637$6,138,189
81$7,928,786$2,996,062$2,181,686$6,633,985
82$8,666,450$3,071,797$2,183,700$7,177,204
83$9,477,117$3,149,004$2,183,543$7,772,616
84$10,368,163$3,227,685$2,181,072$8,425,481
85$11,347,714$3,307,839$2,176,136$9,141,593
86$12,424,721$3,389,464$2,168,577$9,927,337
87$13,609,049$3,472,554$2,158,231$10,789,747
88$14,911,564$3,557,101$2,144,923$11,736,576
89$16,344,239$3,643,095$2,128,474$12,776,366
90$17,920,265$3,730,520$2,108,691$13,918,530
91$19,654,177$3,819,360$2,085,377$15,173,442
92$21,561,987$3,909,594$2,058,322$16,552,530
93$23,661,342$4,001,196$2,027,308$18,068,392
94$25,971,682$4,094,137$1,992,106$19,734,908
95$28,514,429$4,188,385$1,952,476$21,567,373
96$31,313,185$4,283,900$1,908,169$23,582,643
97$34,393,958$4,380,640$1,858,921$25,799,294
98$37,785,406$4,478,555$1,804,458$28,237,795
99$41,519,103$4,577,590$1,744,494$30,920,704
100$45,629,845$4,677,685$1,678,728$33,872,880