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

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 $1,930,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.6%
1 years$159,378$157,958$156,573$155,221$153,901$150,364
2 years$78,900$77,430$76,006$74,625$73,286$69,742
3 years$52,077$50,602$49,181$47,813$46,496$43,055
4 years$38,669$37,198$35,791$34,447$33,161$29,851
5 years$30,626$29,163$27,775$26,458$25,209$22,038
6 years$25,265$23,814$22,447$21,159$19,947$16,919
7 years$21,438$19,999$18,653$17,396$16,222$13,338
8 years$18,569$17,143$15,819$14,593$13,458$10,715
9 years$16,339$14,926$13,625$12,430$11,333$8,731
10 years$14,555$13,156$11,879$10,715$9,657$7,192
11 years$13,097$11,712$10,458$9,325$8,305$5,974
12 years$11,883$10,512$9,281$8,179$7,197$4,996
13 years$10,857$9,500$8,292$7,221$6,276$4,201
14 years$9,977$8,635$7,451$6,410$5,501$3,548
15 years$9,216$7,889$6,727$5,717$4,844$3,008
16 years$8,551$7,238$6,099$5,119$4,281$2,558
17 years$7,964$6,666$5,550$4,599$3,796$2,181
18 years$7,443$6,159$5,066$4,145$3,375$1,863
19 years$6,978$5,708$4,638$3,745$3,008$1,595
20 years$6,559$5,305$4,256$3,392$2,687$1,367
21 years$6,181$4,941$3,915$3,078$2,405$1,173
22 years$5,838$4,612$3,608$2,799$2,155$1,008
23 years$5,525$4,314$3,332$2,549$1,935$867
24 years$5,239$4,042$3,081$2,325$1,739$746
25 years$4,976$3,793$2,854$2,123$1,565$643
26 years$4,733$3,565$2,647$1,941$1,410$554
27 years$4,509$3,355$2,458$1,777$1,271$478
28 years$4,302$3,161$2,285$1,628$1,147$412
29 years$4,108$2,982$2,126$1,493$1,035$356
30 years$3,929$2,816$1,980$1,370$936$307
31 years$3,761$2,662$1,846$1,258$846$265
32 years$3,604$2,519$1,723$1,157$765$229
33 years$3,456$2,386$1,608$1,064$692$198
34 years$3,318$2,261$1,503$979$627$171
35 years$3,188$2,145$1,405$901$568$148
36 years$3,065$2,036$1,314$830$515$128
37 years$2,950$1,933$1,230$764$466$110
38 years$2,840$1,837$1,152$705$423$95
39 years$2,737$1,747$1,079$650$383$82
40 years$2,639$1,662$1,012$599$348$71
41 years$2,546$1,582$949$553$315$62
42 years$2,457$1,507$890$510$286$53
43 years$2,373$1,436$835$471$260$46
44 years$2,293$1,369$784$435$236$40
45 years$2,217$1,305$736$402$214$34
46 years$2,144$1,245$691$371$194$30
47 years$2,075$1,188$649$343$176$26
48 years$2,008$1,134$610$317$160$22
49 years$1,945$1,083$574$293$146$19
50 years$1,884$1,035$539$271$132$17

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 $2,860 every year, while hoping to spend $59,832 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: 69/19/12 Blend
64$1,930,000$1,930,000$1,930,000$1,930,000
65$2,129,810$2,027,520$1,997,605$2,271,066
66$2,283,390$2,063,208$2,000,864$2,400,938
67$2,450,630$2,098,639$2,002,227$2,535,503
68$2,632,859$2,133,738$2,001,567$2,681,153
69$2,831,543$2,168,423$1,998,751$2,838,971
70$3,048,291$2,202,606$1,993,640$3,010,145
71$3,284,877$2,236,195$1,986,088$3,195,989
72$3,543,254$2,269,087$1,975,941$3,397,946
73$3,825,569$2,301,176$1,963,039$3,617,611
74$4,134,190$2,332,346$1,947,213$3,856,738
75$4,471,719$2,362,473$1,928,286$4,117,261
76$4,841,025$2,391,425$1,906,075$4,401,312
77$5,245,267$2,419,062$1,880,385$4,711,240
78$5,687,920$2,445,232$1,851,014$5,049,634
79$6,172,814$2,469,774$1,817,749$5,419,348
80$6,704,167$2,492,519$1,780,369$5,823,526
81$7,286,621$2,513,282$1,738,642$6,265,635
82$7,925,293$2,531,869$1,692,323$6,749,496
83$8,625,816$2,548,074$1,641,158$7,279,320
84$9,394,395$2,561,675$1,584,882$7,859,748
85$10,237,864$2,572,438$1,523,217$8,495,895
86$11,163,752$2,580,113$1,455,871$9,193,402
87$12,180,352$2,584,436$1,382,539$9,958,484
88$13,296,799$2,585,124$1,302,905$10,797,990
89$14,523,156$2,581,879$1,216,636$11,719,474
90$15,870,509$2,574,382$1,123,385$12,731,257
91$17,351,070$2,562,296$1,022,788$13,842,515
92$18,978,295$2,545,264$914,467$15,063,361
93$20,767,005$2,522,906$798,026$16,404,939
94$22,733,531$2,494,820$673,051$17,879,536
95$24,895,864$2,460,579$539,110$19,500,695
96$27,273,825$2,419,730$395,754$21,283,341
97$29,889,254$2,371,796$242,510$23,243,927
98$32,766,211$2,316,267$78,888$25,400,587
99$35,931,208$2,252,608$0$27,773,310
100$39,413,455$2,180,249$0$30,396,382