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%19.4%
1 years$155,249$153,866$152,517$151,200$149,914$144,251
2 years$76,856$75,424$74,037$72,692$71,388$65,748
3 years$50,728$49,291$47,907$46,575$45,291$39,852
4 years$37,667$36,234$34,864$33,554$32,302$27,105
5 years$29,832$28,408$27,056$25,773$24,556$19,615
6 years$24,611$23,197$21,865$20,611$19,430$14,748
7 years$20,883$19,481$18,170$16,945$15,802$11,378
8 years$18,088$16,699$15,410$14,215$13,109$8,938
9 years$15,915$14,539$13,272$12,108$11,040$7,117
10 years$14,178$12,816$11,571$10,437$9,406$5,724
11 years$12,758$11,409$10,187$9,084$8,090$4,640
12 years$11,575$10,240$9,041$7,967$7,010$3,784
13 years$10,575$9,254$8,077$7,034$6,113$3,101
14 years$9,719$8,412$7,257$6,244$5,359$2,551
15 years$8,977$7,684$6,553$5,569$4,718$2,106
16 years$8,329$7,050$5,941$4,986$4,170$1,742
17 years$7,758$6,493$5,406$4,480$3,697$1,444
18 years$7,250$6,000$4,935$4,037$3,288$1,200
19 years$6,797$5,560$4,518$3,648$2,930$998
20 years$6,390$5,167$4,146$3,304$2,617$831
21 years$6,021$4,813$3,814$2,999$2,342$693
22 years$5,687$4,493$3,515$2,726$2,100$578
23 years$5,382$4,202$3,245$2,483$1,885$482
24 years$5,103$3,937$3,001$2,265$1,694$403
25 years$4,847$3,695$2,780$2,068$1,524$337
26 years$4,611$3,472$2,578$1,891$1,373$281
27 years$4,392$3,268$2,394$1,731$1,238$235
28 years$4,190$3,079$2,226$1,586$1,117$197
29 years$4,002$2,905$2,071$1,454$1,009$165
30 years$3,827$2,743$1,929$1,335$911$138
31 years$3,663$2,593$1,799$1,226$824$115
32 years$3,510$2,454$1,678$1,127$745$96
33 years$3,367$2,324$1,567$1,036$675$81
34 years$3,232$2,203$1,464$953$611$68
35 years$3,105$2,089$1,369$877$553$57
36 years$2,986$1,983$1,280$808$501$47
37 years$2,873$1,883$1,198$745$454$40
38 years$2,767$1,790$1,122$686$412$33
39 years$2,666$1,702$1,051$633$373$28
40 years$2,570$1,619$985$584$339$23
41 years$2,480$1,541$924$538$307$20
42 years$2,394$1,468$867$497$279$16
43 years$2,312$1,399$813$459$253$14
44 years$2,234$1,333$764$424$230$11
45 years$2,159$1,271$717$391$209$10
46 years$2,089$1,213$673$361$189$8
47 years$2,021$1,157$633$334$172$7
48 years$1,956$1,105$594$308$156$6
49 years$1,895$1,055$559$285$142$5
50 years$1,836$1,008$525$264$129$4

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 $5,993 every year, while hoping to spend $37,969 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: 62/33/5 Blend
64$1,880,000$1,880,000$1,880,000$1,880,000
65$2,077,942$1,978,302$1,949,162$2,204,783
66$2,249,493$2,034,840$1,974,060$2,346,629
67$2,437,270$2,092,876$1,998,520$2,496,384
68$2,642,888$2,152,443$2,022,486$2,658,835
69$2,868,124$2,213,574$2,045,902$2,835,207
70$3,114,939$2,276,305$2,068,705$3,026,848
71$3,385,487$2,340,669$2,090,831$3,235,238
72$3,682,145$2,406,700$2,112,213$3,462,011
73$4,007,530$2,474,435$2,132,778$3,708,961
74$4,364,523$2,543,907$2,152,451$3,978,067
75$4,756,298$2,615,152$2,171,152$4,271,505
76$5,186,353$2,688,206$2,188,797$4,591,673
77$5,658,537$2,763,105$2,205,298$4,941,209
78$6,177,094$2,839,883$2,220,562$5,323,020
79$6,746,698$2,918,577$2,234,491$5,740,307
80$7,372,496$2,999,223$2,246,982$6,196,595
81$8,060,162$3,081,856$2,257,927$6,695,766
82$8,815,943$3,166,512$2,267,212$7,242,095
83$9,646,724$3,253,226$2,274,718$7,840,293
84$10,560,089$3,342,032$2,280,320$8,495,547
85$11,564,392$3,432,967$2,283,885$9,213,570
86$12,668,841$3,526,062$2,285,276$10,000,659
87$13,883,577$3,621,354$2,284,347$10,863,746
88$15,219,775$3,718,874$2,280,946$11,810,470
89$16,689,748$3,818,654$2,274,913$12,849,248
90$18,307,061$3,920,727$2,266,082$13,989,350
91$20,086,662$4,025,123$2,254,276$15,240,990
92$22,045,018$4,131,871$2,239,311$16,615,421
93$24,200,276$4,240,999$2,220,994$18,125,041
94$26,572,431$4,352,535$2,199,124$19,783,511
95$29,183,513$4,466,503$2,173,489$21,605,880
96$32,057,798$4,582,927$2,143,867$23,608,732
97$35,222,032$4,701,830$2,110,025$25,810,337
98$38,705,690$4,823,231$2,071,722$28,230,827
99$42,541,248$4,947,147$2,028,703$30,892,385
100$46,764,492$5,073,593$1,980,701$33,819,453