Can I retire at age 65 with 1,950,000?

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 $1,950,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$161,029$159,595$158,195$156,829$155,496$153,744
2 years$79,717$78,233$76,794$75,399$74,046$72,282
3 years$52,617$51,126$49,691$48,309$46,978$45,257
4 years$39,070$37,583$36,162$34,804$33,505$31,841
5 years$30,943$29,466$28,063$26,733$25,470$23,867
6 years$25,527$24,061$22,679$21,378$20,153$18,613
7 years$21,660$20,206$18,847$17,576$16,390$14,914
8 years$18,761$17,320$15,983$14,744$13,597$12,184
9 years$16,508$15,081$13,767$12,559$11,451$10,101
10 years$14,706$13,293$12,002$10,826$9,757$8,469
11 years$13,233$11,834$10,566$9,422$8,391$7,164
12 years$12,006$10,621$9,377$8,264$7,271$6,105
13 years$10,969$9,599$8,378$7,296$6,341$5,232
14 years$10,081$8,725$7,528$6,477$5,558$4,507
15 years$9,312$7,970$6,797$5,776$4,894$3,897
16 years$8,639$7,313$6,162$5,172$4,325$3,382
17 years$8,047$6,735$5,607$4,647$3,835$2,944
18 years$7,520$6,223$5,119$4,188$3,410$2,568
19 years$7,050$5,768$4,686$3,784$3,039$2,246
20 years$6,627$5,359$4,300$3,427$2,715$1,967
21 years$6,245$4,992$3,956$3,110$2,430$1,726
22 years$5,899$4,660$3,646$2,828$2,178$1,516
23 years$5,583$4,358$3,366$2,575$1,955$1,334
24 years$5,293$4,084$3,113$2,349$1,757$1,174
25 years$5,027$3,832$2,883$2,145$1,581$1,035
26 years$4,782$3,602$2,674$1,961$1,424$913
27 years$4,556$3,390$2,483$1,795$1,284$806
28 years$4,346$3,194$2,308$1,645$1,159$712
29 years$4,151$3,013$2,148$1,508$1,046$629
30 years$3,969$2,846$2,001$1,384$945$556
31 years$3,800$2,690$1,865$1,271$855$492
32 years$3,641$2,545$1,741$1,169$773$435
33 years$3,492$2,410$1,625$1,075$700$385
34 years$3,352$2,285$1,518$989$633$341
35 years$3,221$2,167$1,420$910$574$302
36 years$3,097$2,057$1,328$838$520$267
37 years$2,980$1,953$1,243$772$471$237
38 years$2,870$1,856$1,164$712$427$210
39 years$2,765$1,765$1,091$656$387$186
40 years$2,666$1,679$1,022$605$351$165
41 years$2,572$1,599$958$559$319$146
42 years$2,483$1,523$899$515$289$130
43 years$2,398$1,451$844$476$262$115
44 years$2,317$1,383$792$439$238$102
45 years$2,240$1,319$744$406$216$90
46 years$2,166$1,258$698$375$196$80
47 years$2,096$1,200$656$346$178$71
48 years$2,029$1,146$617$320$162$63
49 years$1,965$1,094$580$296$147$56
50 years$1,904$1,045$545$273$134$50

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $1,950,000, adding $5,441 every year, while hoping to spend $26,784 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: 50/30/20 Blend
64$1,950,000$1,950,000$1,950,000$1,950,000
65$2,154,512$2,051,162$2,020,937$2,249,959
66$2,345,775$2,123,171$2,060,141$2,388,578
67$2,555,648$2,197,811$2,099,760$2,535,962
68$2,786,003$2,275,182$2,139,780$2,695,575
69$3,038,898$2,355,389$2,180,186$2,868,583
70$3,316,604$2,438,542$2,220,960$3,056,266
71$3,621,619$2,524,752$2,262,084$3,260,034
72$3,956,698$2,614,138$2,303,538$3,481,436
73$4,324,873$2,706,823$2,345,298$3,722,179
74$4,729,487$2,802,934$2,387,343$3,984,139
75$5,174,221$2,902,605$2,429,645$4,269,381
76$5,663,131$3,005,972$2,472,178$4,580,177
77$6,200,686$3,113,180$2,514,912$4,919,030
78$6,791,809$3,224,379$2,557,814$5,288,693
79$7,441,924$3,339,724$2,600,851$5,692,195
80$8,157,008$3,459,378$2,643,987$6,132,875
81$8,943,644$3,583,508$2,687,182$6,614,404
82$9,809,087$3,712,292$2,730,394$7,140,827
83$10,761,332$3,845,912$2,773,580$7,716,597
84$11,809,184$3,984,558$2,816,691$8,346,616
85$12,962,348$4,128,429$2,859,678$9,036,285
86$14,231,517$4,277,731$2,902,487$9,791,549
87$15,628,472$4,432,680$2,945,060$10,618,954
88$17,166,195$4,593,500$2,987,338$11,525,713
89$18,858,989$4,760,424$3,029,256$12,519,766
90$20,722,616$4,933,695$3,070,747$13,609,862
91$22,774,444$5,113,567$3,111,738$14,805,635
92$25,033,609$5,300,304$3,152,153$16,117,695
93$27,521,198$5,494,180$3,191,911$17,557,733
94$30,260,447$5,695,481$3,230,927$19,138,624
95$33,276,961$5,904,508$3,269,111$20,874,551
96$36,598,952$6,121,570$3,306,367$22,781,138
97$40,257,510$6,346,992$3,342,595$24,875,597
98$44,286,893$6,581,112$3,377,689$27,176,889
99$48,724,852$6,824,282$3,411,537$29,705,901
100$53,612,984$7,076,869$3,444,021$32,485,646