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

Use the below retirement simulation to view the chances of a successful retirement.
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%17.4%
1 years$155,249$153,866$152,517$151,200$149,914$145,406
2 years$76,856$75,424$74,037$72,692$71,388$66,884
3 years$50,728$49,291$47,907$46,575$45,291$40,933
4 years$37,667$36,234$34,864$33,554$32,302$28,123
5 years$29,832$28,408$27,056$25,773$24,556$20,567
6 years$24,611$23,197$21,865$20,611$19,430$15,635
7 years$20,883$19,481$18,170$16,945$15,802$12,200
8 years$18,088$16,699$15,410$14,215$13,109$9,699
9 years$15,915$14,539$13,272$12,108$11,040$7,817
10 years$14,178$12,816$11,571$10,437$9,406$6,367
11 years$12,758$11,409$10,187$9,084$8,090$5,228
12 years$11,575$10,240$9,041$7,967$7,010$4,321
13 years$10,575$9,254$8,077$7,034$6,113$3,590
14 years$9,719$8,412$7,257$6,244$5,359$2,995
15 years$8,977$7,684$6,553$5,569$4,718$2,507
16 years$8,329$7,050$5,941$4,986$4,170$2,104
17 years$7,758$6,493$5,406$4,480$3,697$1,771
18 years$7,250$6,000$4,935$4,037$3,288$1,493
19 years$6,797$5,560$4,518$3,648$2,930$1,261
20 years$6,390$5,167$4,146$3,304$2,617$1,066
21 years$6,021$4,813$3,814$2,999$2,342$902
22 years$5,687$4,493$3,515$2,726$2,100$764
23 years$5,382$4,202$3,245$2,483$1,885$648
24 years$5,103$3,937$3,001$2,265$1,694$550
25 years$4,847$3,695$2,780$2,068$1,524$467
26 years$4,611$3,472$2,578$1,891$1,373$397
27 years$4,392$3,268$2,394$1,731$1,238$337
28 years$4,190$3,079$2,226$1,586$1,117$287
29 years$4,002$2,905$2,071$1,454$1,009$244
30 years$3,827$2,743$1,929$1,335$911$207
31 years$3,663$2,593$1,799$1,226$824$176
32 years$3,510$2,454$1,678$1,127$745$150
33 years$3,367$2,324$1,567$1,036$675$128
34 years$3,232$2,203$1,464$953$611$109
35 years$3,105$2,089$1,369$877$553$93
36 years$2,986$1,983$1,280$808$501$79
37 years$2,873$1,883$1,198$745$454$67
38 years$2,767$1,790$1,122$686$412$57
39 years$2,666$1,702$1,051$633$373$49
40 years$2,570$1,619$985$584$339$41
41 years$2,480$1,541$924$538$307$35
42 years$2,394$1,468$867$497$279$30
43 years$2,312$1,399$813$459$253$26
44 years$2,234$1,333$764$424$230$22
45 years$2,159$1,271$717$391$209$19
46 years$2,089$1,213$673$361$189$16
47 years$2,021$1,157$633$334$172$13
48 years$1,956$1,105$594$308$156$11
49 years$1,895$1,055$559$285$142$10
50 years$1,836$1,008$525$264$129$8

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 $4,593 every year, while hoping to spend $39,608 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: 60/32/8 Blend
64$1,880,000$1,880,000$1,880,000$1,880,000
65$2,076,498$1,976,858$1,947,718$2,197,232
66$2,246,158$2,031,581$1,970,824$2,333,421
67$2,431,796$2,087,658$1,993,376$2,476,959
68$2,635,000$2,145,114$2,015,315$2,632,527
69$2,857,518$2,203,973$2,036,576$2,801,284
70$3,101,276$2,264,259$2,057,093$2,984,506
71$3,368,394$2,325,996$2,076,794$3,183,597
72$3,661,209$2,389,208$2,095,604$3,400,104
73$3,982,291$2,453,919$2,113,446$3,635,728
74$4,334,475$2,520,150$2,130,237$3,892,344
75$4,720,880$2,587,926$2,145,888$4,172,015
76$5,144,943$2,657,268$2,160,309$4,477,015
77$5,610,451$2,728,198$2,173,403$4,809,845
78$6,121,573$2,800,736$2,185,068$5,173,261
79$6,682,904$2,874,902$2,195,198$5,570,300
80$7,299,503$2,950,716$2,203,681$6,004,304
81$7,976,947$3,028,195$2,210,398$6,478,957
82$8,721,376$3,107,357$2,215,227$6,998,314
83$9,539,556$3,188,218$2,218,037$7,566,843
84$10,438,942$3,270,791$2,218,692$8,189,469
85$11,427,745$3,355,091$2,217,049$8,871,612
86$12,515,013$3,441,128$2,212,958$9,619,246
87$13,710,714$3,528,913$2,206,262$10,438,954
88$15,025,830$3,618,453$2,196,795$11,337,985
89$16,472,461$3,709,754$2,184,385$12,324,329
90$18,063,940$3,802,820$2,168,849$13,406,786
91$19,814,956$3,897,652$2,149,999$14,595,055
92$21,741,692$3,994,248$2,127,635$15,899,818
93$23,861,982$4,092,604$2,101,549$17,332,850
94$26,195,475$4,192,712$2,071,521$18,907,121
95$28,763,821$4,294,562$2,037,325$20,636,925
96$31,590,875$4,398,140$1,998,719$22,538,010
97$34,702,923$4,503,427$1,955,455$24,627,729
98$38,128,927$4,610,401$1,907,268$26,925,204
99$41,900,802$4,719,036$1,853,887$29,451,506
100$46,053,715$4,829,299$1,795,023$32,229,852