Can I retire at age 65 with 1,930,000?

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 $1,930,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.9%
1 years$159,378$157,958$156,573$155,221$153,901$147,795
2 years$78,900$77,430$76,006$74,625$73,286$67,210
3 years$52,077$50,602$49,181$47,813$46,496$40,641
4 years$38,669$37,198$35,791$34,447$33,161$27,572
5 years$30,626$29,163$27,775$26,458$25,209$19,900
6 years$25,265$23,814$22,447$21,159$19,947$14,921
7 years$21,438$19,999$18,653$17,396$16,222$11,478
8 years$18,569$17,143$15,819$14,593$13,458$8,991
9 years$16,339$14,926$13,625$12,430$11,333$7,137
10 years$14,555$13,156$11,879$10,715$9,657$5,722
11 years$13,097$11,712$10,458$9,325$8,305$4,623
12 years$11,883$10,512$9,281$8,179$7,197$3,757
13 years$10,857$9,500$8,292$7,221$6,276$3,069
14 years$9,977$8,635$7,451$6,410$5,501$2,516
15 years$9,216$7,889$6,727$5,717$4,844$2,069
16 years$8,551$7,238$6,099$5,119$4,281$1,706
17 years$7,964$6,666$5,550$4,599$3,796$1,409
18 years$7,443$6,159$5,066$4,145$3,375$1,166
19 years$6,978$5,708$4,638$3,745$3,008$966
20 years$6,559$5,305$4,256$3,392$2,687$801
21 years$6,181$4,941$3,915$3,078$2,405$665
22 years$5,838$4,612$3,608$2,799$2,155$553
23 years$5,525$4,314$3,332$2,549$1,935$460
24 years$5,239$4,042$3,081$2,325$1,739$382
25 years$4,976$3,793$2,854$2,123$1,565$318
26 years$4,733$3,565$2,647$1,941$1,410$265
27 years$4,509$3,355$2,458$1,777$1,271$221
28 years$4,302$3,161$2,285$1,628$1,147$184
29 years$4,108$2,982$2,126$1,493$1,035$153
30 years$3,929$2,816$1,980$1,370$936$128
31 years$3,761$2,662$1,846$1,258$846$106
32 years$3,604$2,519$1,723$1,157$765$89
33 years$3,456$2,386$1,608$1,064$692$74
34 years$3,318$2,261$1,503$979$627$62
35 years$3,188$2,145$1,405$901$568$51
36 years$3,065$2,036$1,314$830$515$43
37 years$2,950$1,933$1,230$764$466$36
38 years$2,840$1,837$1,152$705$423$30
39 years$2,737$1,747$1,079$650$383$25
40 years$2,639$1,662$1,012$599$348$21
41 years$2,546$1,582$949$553$315$17
42 years$2,457$1,507$890$510$286$14
43 years$2,373$1,436$835$471$260$12
44 years$2,293$1,369$784$435$236$10
45 years$2,217$1,305$736$402$214$8
46 years$2,144$1,245$691$371$194$7
47 years$2,075$1,188$649$343$176$6
48 years$2,008$1,134$610$317$160$5
49 years$1,945$1,083$574$293$146$4
50 years$1,884$1,035$539$271$132$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $1,930,000, adding $5,617 every year, while hoping to spend $30,295 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: 29/41/30 Blend
64$1,930,000$1,930,000$1,930,000$1,930,000
65$2,132,654$2,030,364$2,000,449$2,174,686
66$2,317,951$2,097,618$2,035,230$2,275,884
67$2,521,133$2,167,152$2,070,162$2,381,613
68$2,743,992$2,239,047$2,105,216$2,494,687
69$2,988,503$2,313,383$2,140,364$2,615,761
70$3,256,839$2,390,248$2,175,575$2,745,558
71$3,551,396$2,469,729$2,210,816$2,884,872
72$3,874,812$2,551,920$2,246,052$3,034,575
73$4,229,994$2,636,915$2,281,246$3,195,624
74$4,620,142$2,724,813$2,316,357$3,369,073
75$5,048,785$2,815,717$2,351,343$3,556,081
76$5,519,807$2,909,733$2,386,158$3,757,920
77$6,037,488$3,006,970$2,420,756$3,975,991
78$6,606,545$3,107,545$2,455,084$4,211,835
79$7,232,172$3,211,574$2,489,089$4,467,147
80$7,920,094$3,319,182$2,522,714$4,743,789
81$8,676,616$3,430,494$2,555,897$5,043,816
82$9,508,687$3,545,645$2,588,576$5,369,482
83$10,423,961$3,664,769$2,620,681$5,723,274
84$11,430,873$3,788,011$2,652,142$6,107,925
85$12,538,716$3,915,517$2,682,882$6,526,445
86$13,757,728$4,047,441$2,712,822$6,982,148
87$15,099,191$4,183,940$2,741,877$7,478,681
88$16,575,536$4,325,181$2,769,957$8,020,061
89$18,200,460$4,471,334$2,796,969$8,610,708
90$19,989,053$4,622,576$2,822,815$9,255,491
91$21,957,946$4,779,091$2,847,388$9,959,772
92$24,125,461$4,941,071$2,870,580$10,729,455
93$26,511,789$5,108,714$2,892,275$11,571,042
94$29,139,176$5,282,226$2,912,351$12,491,692
95$32,032,137$5,461,820$2,930,680$13,499,294
96$35,217,684$5,647,718$2,947,127$14,602,532
97$38,725,582$5,840,151$2,961,550$15,810,975
98$42,588,631$6,039,357$2,973,801$17,135,162
99$46,842,971$6,245,585$2,983,723$18,586,701
100$51,528,428$6,459,093$2,991,152$20,178,379