Can I retire at age 65 with 1,890,000?

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 $1,890,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$156,074$154,684$153,328$152,004$150,711$148,215
2 years$77,265$75,826$74,431$73,079$71,767$69,259
3 years$50,998$49,553$48,162$46,822$45,532$43,091
4 years$37,867$36,427$35,049$33,733$32,474$30,118
5 years$29,991$28,559$27,200$25,910$24,686$22,422
6 years$24,742$23,320$21,981$20,720$19,533$17,364
7 years$20,994$19,585$18,267$17,035$15,886$13,812
8 years$18,184$16,788$15,492$14,291$13,179$11,201
9 years$16,000$14,617$13,343$12,172$11,098$9,214
10 years$14,254$12,884$11,633$10,493$9,456$7,665
11 years$12,826$11,470$10,241$9,132$8,133$6,432
12 years$11,637$10,295$9,089$8,010$7,048$5,435
13 years$10,632$9,303$8,120$7,071$6,146$4,619
14 years$9,771$8,456$7,296$6,277$5,387$3,944
15 years$9,025$7,725$6,587$5,598$4,743$3,381
16 years$8,373$7,088$5,972$5,013$4,192$2,907
17 years$7,799$6,527$5,435$4,504$3,717$2,507
18 years$7,289$6,032$4,961$4,059$3,305$2,167
19 years$6,833$5,590$4,542$3,667$2,946$1,877
20 years$6,424$5,195$4,168$3,322$2,631$1,628
21 years$6,053$4,839$3,834$3,015$2,355$1,415
22 years$5,717$4,517$3,534$2,741$2,111$1,231
23 years$5,411$4,224$3,263$2,496$1,895$1,072
24 years$5,130$3,958$3,017$2,277$1,703$934
25 years$4,873$3,714$2,795$2,079$1,532$815
26 years$4,635$3,491$2,592$1,901$1,380$711
27 years$4,416$3,285$2,407$1,740$1,245$621
28 years$4,212$3,096$2,237$1,594$1,123$543
29 years$4,023$2,920$2,082$1,462$1,014$475
30 years$3,847$2,758$1,939$1,342$916$415
31 years$3,683$2,607$1,808$1,232$828$364
32 years$3,529$2,467$1,687$1,133$749$318
33 years$3,385$2,336$1,575$1,041$678$279
34 years$3,249$2,214$1,472$958$614$244
35 years$3,122$2,100$1,376$882$556$214
36 years$3,002$1,993$1,287$812$504$187
37 years$2,888$1,893$1,205$749$457$164
38 years$2,781$1,799$1,128$690$414$144
39 years$2,680$1,711$1,057$636$375$126
40 years$2,584$1,628$991$587$341$110
41 years$2,493$1,550$929$541$309$97
42 years$2,406$1,476$871$500$280$85
43 years$2,324$1,406$818$461$254$74
44 years$2,246$1,340$768$426$231$65
45 years$2,171$1,278$721$393$210$57
46 years$2,100$1,219$677$363$190$50
47 years$2,032$1,164$636$336$173$44
48 years$1,967$1,111$598$310$157$39
49 years$1,905$1,061$562$287$143$34
50 years$1,845$1,013$528$265$129$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $1,890,000, adding $2,095 every year, while hoping to spend $47,554 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: 54/21/25 Blend
64$1,890,000$1,890,000$1,890,000$1,890,000
65$2,084,941$1,984,771$1,955,476$2,183,019
66$2,247,008$2,031,428$1,970,387$2,297,483
67$2,424,012$2,078,777$1,984,204$2,416,932
68$2,617,426$2,126,802$1,996,840$2,545,995
69$2,828,873$2,175,484$2,008,204$2,685,608
70$3,060,138$2,224,803$2,018,199$2,836,805
71$3,313,188$2,274,734$2,026,724$3,000,725
72$3,590,188$2,325,251$2,033,674$3,178,623
73$3,893,521$2,376,323$2,038,937$3,371,883
74$4,225,815$2,427,918$2,042,396$3,582,030
75$4,589,960$2,479,997$2,043,928$3,810,745
76$4,989,141$2,532,522$2,043,405$4,059,880
77$5,426,865$2,585,447$2,040,690$4,331,479
78$5,906,995$2,638,724$2,035,643$4,627,792
79$6,433,786$2,692,299$2,028,115$4,951,302
80$7,011,925$2,746,114$2,017,949$5,304,745
81$7,646,573$2,800,105$2,004,982$5,691,136
82$8,343,417$2,854,204$1,989,042$6,113,801
83$9,108,721$2,908,336$1,969,951$6,576,403
84$9,949,387$2,962,420$1,947,520$7,082,984
85$10,873,014$3,016,369$1,921,553$7,637,997
86$11,887,979$3,070,089$1,891,842$8,246,351
87$13,003,507$3,123,477$1,858,172$8,913,459
88$14,229,761$3,176,424$1,820,318$9,645,287
89$15,577,940$3,228,812$1,778,042$10,448,412
90$17,060,381$3,280,514$1,731,097$11,330,082
91$18,690,675$3,331,395$1,679,224$12,298,292
92$20,483,799$3,381,309$1,622,153$13,361,849
93$22,456,252$3,430,098$1,559,601$14,530,465
94$24,626,213$3,477,596$1,491,271$15,814,845
95$27,013,711$3,523,623$1,416,853$17,226,790
96$29,640,817$3,567,988$1,336,025$18,779,306
97$32,531,846$3,610,485$1,248,448$20,486,732
98$35,713,592$3,650,896$1,153,768$22,364,872
99$39,215,576$3,688,988$1,051,617$24,431,147
100$43,070,327$3,724,510$941,608$26,704,761