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%14.1%
1 years$158,552$157,140$155,762$154,417$153,103$150,505
2 years$78,491$77,029$75,612$74,239$72,906$70,297
3 years$51,808$50,339$48,926$47,566$46,255$43,715
4 years$38,468$37,005$35,606$34,268$32,989$30,539
5 years$30,467$29,012$27,632$26,321$25,078$22,724
6 years$25,135$23,691$22,330$21,049$19,843$17,588
7 years$21,327$19,895$18,557$17,306$16,138$13,983
8 years$18,473$17,054$15,738$14,517$13,388$11,332
9 years$16,254$14,849$13,555$12,366$11,275$9,317
10 years$14,480$13,088$11,817$10,659$9,607$7,745
11 years$13,029$11,652$10,404$9,277$8,262$6,495
12 years$11,822$10,458$9,233$8,137$7,160$5,485
13 years$10,800$9,451$8,249$7,184$6,243$4,659
14 years$9,926$8,591$7,412$6,377$5,473$3,975
15 years$9,168$7,848$6,692$5,687$4,819$3,405
16 years$8,506$7,200$6,067$5,092$4,259$2,926
17 years$7,923$6,631$5,521$4,575$3,776$2,522
18 years$7,405$6,127$5,040$4,123$3,358$2,178
19 years$6,942$5,679$4,614$3,726$2,993$1,885
20 years$6,525$5,277$4,234$3,374$2,673$1,634
21 years$6,149$4,915$3,895$3,062$2,392$1,419
22 years$5,808$4,588$3,590$2,784$2,144$1,233
23 years$5,497$4,291$3,314$2,536$1,925$1,073
24 years$5,212$4,021$3,065$2,313$1,730$935
25 years$4,950$3,773$2,839$2,112$1,557$815
26 years$4,709$3,546$2,633$1,931$1,402$711
27 years$4,486$3,337$2,445$1,768$1,264$620
28 years$4,279$3,145$2,273$1,620$1,141$542
29 years$4,087$2,967$2,115$1,485$1,030$473
30 years$3,908$2,802$1,970$1,363$931$414
31 years$3,741$2,649$1,837$1,252$841$362
32 years$3,585$2,506$1,714$1,151$761$316
33 years$3,438$2,373$1,600$1,058$689$277
34 years$3,301$2,249$1,495$973$624$242
35 years$3,171$2,134$1,398$896$565$212
36 years$3,049$2,025$1,308$825$512$185
37 years$2,934$1,923$1,224$760$464$162
38 years$2,825$1,828$1,146$701$421$142
39 years$2,723$1,738$1,074$646$381$125
40 years$2,625$1,654$1,006$596$346$109
41 years$2,532$1,574$944$550$314$96
42 years$2,444$1,499$885$508$285$84
43 years$2,361$1,428$831$469$258$73
44 years$2,281$1,362$780$433$235$64
45 years$2,205$1,298$732$400$213$56
46 years$2,133$1,239$688$369$193$49
47 years$2,064$1,182$646$341$176$43
48 years$1,998$1,128$607$315$159$38
49 years$1,935$1,078$571$291$145$33
50 years$1,875$1,029$536$269$132$29

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 $4,391 every year, while hoping to spend $58,977 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: 55/24/21 Blend
64$1,920,000$1,920,000$1,920,000$1,920,000
65$2,120,369$2,018,609$1,988,849$2,224,672
66$2,273,896$2,054,770$1,992,725$2,332,708
67$2,441,106$2,090,726$1,994,753$2,443,694
68$2,623,332$2,126,405$1,994,811$2,563,289
69$2,822,042$2,161,729$1,992,767$2,692,335
70$3,038,851$2,196,615$1,988,486$2,831,759
71$3,275,537$2,230,972$1,981,823$2,982,585
72$3,534,056$2,264,704$1,972,629$3,145,944
73$3,816,564$2,297,709$1,960,746$3,323,080
74$4,125,431$2,329,874$1,946,009$3,515,368
75$4,463,270$2,361,083$1,928,245$3,724,324
76$4,832,955$2,391,208$1,907,273$3,951,618
77$5,237,653$2,420,113$1,882,902$4,199,095
78$5,680,849$2,447,654$1,854,936$4,468,789
79$6,166,384$2,473,677$1,823,164$4,762,942
80$6,698,485$2,498,017$1,787,370$5,084,029
81$7,281,808$2,520,498$1,747,325$5,434,779
82$7,921,484$2,540,934$1,702,791$5,818,201
83$8,623,159$2,559,124$1,653,519$6,237,616
84$9,393,057$2,574,856$1,599,247$6,696,683
85$10,238,029$2,587,904$1,539,702$7,199,442
86$11,165,626$2,598,029$1,474,600$7,750,344
87$12,184,161$2,604,975$1,403,641$8,354,302
88$13,302,797$2,608,469$1,326,514$9,016,731
89$14,531,622$2,608,224$1,242,892$9,743,605
90$15,881,753$2,603,933$1,152,435$10,541,509
91$17,365,437$2,595,271$1,054,786$11,417,707
92$18,996,165$2,581,893$949,575$12,380,210
93$20,788,800$2,563,431$836,412$13,437,849
94$22,759,717$2,539,499$714,891$14,600,365
95$24,926,956$2,509,683$584,588$15,878,495
96$27,310,396$2,473,547$445,062$17,284,081
97$29,931,934$2,430,628$295,849$18,830,182
98$32,815,699$2,380,437$136,468$20,531,191
99$35,988,276$2,322,454$0$22,402,984
100$39,478,954$2,256,129$0$24,470,594