Can I retire at age 65 with 1,920,000?

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 $1,920,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$158,552$157,140$155,762$154,417$153,103$151,694
2 years$78,491$77,029$75,612$74,239$72,906$71,486
3 years$51,808$50,339$48,926$47,566$46,255$44,868
4 years$38,468$37,005$35,606$34,268$32,989$31,647
5 years$30,467$29,012$27,632$26,321$25,078$23,783
6 years$25,135$23,691$22,330$21,049$19,843$18,598
7 years$21,327$19,895$18,557$17,306$16,138$14,943
8 years$18,473$17,054$15,738$14,517$13,388$12,243
9 years$16,254$14,849$13,555$12,366$11,275$10,180
10 years$14,480$13,088$11,817$10,659$9,607$8,561
11 years$13,029$11,652$10,404$9,277$8,262$7,265
12 years$11,822$10,458$9,233$8,137$7,160$6,210
13 years$10,800$9,451$8,249$7,184$6,243$5,340
14 years$9,926$8,591$7,412$6,377$5,473$4,614
15 years$9,168$7,848$6,692$5,687$4,819$4,004
16 years$8,506$7,200$6,067$5,092$4,259$3,487
17 years$7,923$6,631$5,521$4,575$3,776$3,045
18 years$7,405$6,127$5,040$4,123$3,358$2,666
19 years$6,942$5,679$4,614$3,726$2,993$2,340
20 years$6,525$5,277$4,234$3,374$2,673$2,057
21 years$6,149$4,915$3,895$3,062$2,392$1,811
22 years$5,808$4,588$3,590$2,784$2,144$1,598
23 years$5,497$4,291$3,314$2,536$1,925$1,411
24 years$5,212$4,021$3,065$2,313$1,730$1,247
25 years$4,950$3,773$2,839$2,112$1,557$1,103
26 years$4,709$3,546$2,633$1,931$1,402$977
27 years$4,486$3,337$2,445$1,768$1,264$866
28 years$4,279$3,145$2,273$1,620$1,141$768
29 years$4,087$2,967$2,115$1,485$1,030$681
30 years$3,908$2,802$1,970$1,363$931$605
31 years$3,741$2,649$1,837$1,252$841$537
32 years$3,585$2,506$1,714$1,151$761$477
33 years$3,438$2,373$1,600$1,058$689$424
34 years$3,301$2,249$1,495$973$624$377
35 years$3,171$2,134$1,398$896$565$335
36 years$3,049$2,025$1,308$825$512$298
37 years$2,934$1,923$1,224$760$464$265
38 years$2,825$1,828$1,146$701$421$236
39 years$2,723$1,738$1,074$646$381$210
40 years$2,625$1,654$1,006$596$346$187
41 years$2,532$1,574$944$550$314$167
42 years$2,444$1,499$885$508$285$148
43 years$2,361$1,428$831$469$258$132
44 years$2,281$1,362$780$433$235$118
45 years$2,205$1,298$732$400$213$105
46 years$2,133$1,239$688$369$193$93
47 years$2,064$1,182$646$341$176$83
48 years$1,998$1,128$607$315$159$74
49 years$1,935$1,078$571$291$145$66
50 years$1,875$1,029$536$269$132$59

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $1,920,000, adding $2,340 every year, while hoping to spend $21,998 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: 59/13/28 Blend
64$1,920,000$1,920,000$1,920,000$1,920,000
65$2,118,254$2,016,494$1,986,734$2,226,973
66$2,310,910$2,091,896$2,029,884$2,376,964
67$2,522,480$2,170,256$2,073,742$2,537,956
68$2,754,869$2,251,695$2,118,309$2,713,112
69$3,010,178$2,336,340$2,163,584$2,903,813
70$3,290,719$2,424,324$2,209,567$3,111,581
71$3,599,040$2,515,784$2,256,256$3,338,092
72$3,937,950$2,610,865$2,303,647$3,585,190
73$4,310,540$2,709,716$2,351,739$3,854,905
74$4,720,218$2,812,495$2,400,525$4,149,473
75$5,170,739$2,919,366$2,450,001$4,471,356
76$5,666,238$3,030,499$2,500,160$4,823,263
77$6,211,272$3,146,071$2,550,993$5,208,181
78$6,810,863$3,266,270$2,602,493$5,629,396
79$7,470,543$3,391,289$2,654,648$6,090,529
80$8,196,406$3,521,330$2,707,447$6,595,567
81$8,995,169$3,656,605$2,760,876$7,148,903
82$9,874,233$3,797,335$2,814,921$7,755,372
83$10,841,749$3,943,749$2,869,566$8,420,304
84$11,906,703$4,096,088$2,924,792$9,149,566
85$13,078,994$4,254,604$2,980,580$9,949,625
86$14,369,530$4,419,558$3,036,908$10,827,601
87$15,790,330$4,591,223$3,093,752$11,791,340
88$17,354,636$4,769,887$3,151,086$12,849,484
89$19,077,044$4,955,846$3,208,881$14,011,554
90$20,973,632$5,149,412$3,267,109$15,288,039
91$23,062,121$5,350,911$3,325,735$16,690,493
92$25,362,034$5,560,683$3,384,724$18,231,649
93$27,894,887$5,779,082$3,444,038$19,925,533
94$30,684,388$6,006,479$3,503,636$21,787,596
95$33,756,661$6,243,262$3,563,473$23,834,866
96$37,140,493$6,489,835$3,623,502$26,086,100
97$40,867,607$6,746,620$3,683,673$28,561,967
98$44,972,958$7,014,060$3,743,931$31,285,239
99$49,495,066$7,292,615$3,804,219$34,281,007
100$54,476,378$7,582,768$3,864,475$37,576,917