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

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 $1,950,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.3%
1 years$161,029$159,595$158,195$156,829$155,496$149,681
2 years$79,717$78,233$76,794$75,399$74,046$68,254
3 years$52,617$51,126$49,691$48,309$46,978$41,391
4 years$39,070$37,583$36,162$34,804$33,505$28,166
5 years$30,943$29,466$28,063$26,733$25,470$20,393
6 years$25,527$24,061$22,679$21,378$20,153$15,342
7 years$21,660$20,206$18,847$17,576$16,390$11,842
8 years$18,761$17,320$15,983$14,744$13,597$9,309
9 years$16,508$15,081$13,767$12,559$11,451$7,417
10 years$14,706$13,293$12,002$10,826$9,757$5,969
11 years$13,233$11,834$10,566$9,422$8,391$4,841
12 years$12,006$10,621$9,377$8,264$7,271$3,951
13 years$10,969$9,599$8,378$7,296$6,341$3,240
14 years$10,081$8,725$7,528$6,477$5,558$2,668
15 years$9,312$7,970$6,797$5,776$4,894$2,203
16 years$8,639$7,313$6,162$5,172$4,325$1,824
17 years$8,047$6,735$5,607$4,647$3,835$1,514
18 years$7,520$6,223$5,119$4,188$3,410$1,258
19 years$7,050$5,768$4,686$3,784$3,039$1,047
20 years$6,627$5,359$4,300$3,427$2,715$873
21 years$6,245$4,992$3,956$3,110$2,430$728
22 years$5,899$4,660$3,646$2,828$2,178$608
23 years$5,583$4,358$3,366$2,575$1,955$508
24 years$5,293$4,084$3,113$2,349$1,757$424
25 years$5,027$3,832$2,883$2,145$1,581$355
26 years$4,782$3,602$2,674$1,961$1,424$297
27 years$4,556$3,390$2,483$1,795$1,284$248
28 years$4,346$3,194$2,308$1,645$1,159$208
29 years$4,151$3,013$2,148$1,508$1,046$174
30 years$3,969$2,846$2,001$1,384$945$146
31 years$3,800$2,690$1,865$1,271$855$122
32 years$3,641$2,545$1,741$1,169$773$102
33 years$3,492$2,410$1,625$1,075$700$86
34 years$3,352$2,285$1,518$989$633$72
35 years$3,221$2,167$1,420$910$574$60
36 years$3,097$2,057$1,328$838$520$50
37 years$2,980$1,953$1,243$772$471$42
38 years$2,870$1,856$1,164$712$427$35
39 years$2,765$1,765$1,091$656$387$30
40 years$2,666$1,679$1,022$605$351$25
41 years$2,572$1,599$958$559$319$21
42 years$2,483$1,523$899$515$289$17
43 years$2,398$1,451$844$476$262$15
44 years$2,317$1,383$792$439$238$12
45 years$2,240$1,319$744$406$216$10
46 years$2,166$1,258$698$375$196$9
47 years$2,096$1,200$656$346$178$7
48 years$2,029$1,146$617$320$162$6
49 years$1,965$1,094$580$296$147$5
50 years$1,904$1,045$545$273$134$4

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 $5,290 every year, while hoping to spend $23,516 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: 49/31/20 Blend
64$1,950,000$1,950,000$1,950,000$1,950,000
65$2,154,357$2,051,007$2,020,782$2,247,580
66$2,349,080$2,126,485$2,063,457$2,388,283
67$2,562,877$2,204,874$2,106,774$2,538,230
68$2,797,669$2,286,291$2,150,729$2,700,633
69$3,055,571$2,370,858$2,195,318$2,876,672
70$3,338,913$2,458,705$2,240,535$3,067,647
71$3,650,264$2,549,964$2,286,375$3,274,986
72$3,992,453$2,644,774$2,332,831$3,500,261
73$4,368,596$2,743,280$2,379,893$3,745,200
74$4,782,126$2,845,634$2,427,552$4,011,704
75$5,236,826$2,951,993$2,475,799$4,301,865
76$5,736,863$3,062,522$2,524,619$4,617,984
77$6,286,830$3,177,392$2,574,000$4,962,593
78$6,891,784$3,296,782$2,623,927$5,338,481
79$7,557,300$3,420,878$2,674,383$5,748,713
80$8,289,520$3,549,876$2,725,349$6,196,665
81$9,095,209$3,683,978$2,776,807$6,686,053
82$9,981,823$3,823,396$2,828,733$7,220,968
83$10,957,578$3,968,351$2,881,104$7,805,912
84$12,031,524$4,119,073$2,933,894$8,445,842
85$13,213,635$4,275,804$2,987,075$9,146,217
86$14,514,901$4,438,793$3,040,617$9,913,046
87$15,947,430$4,608,304$3,094,487$10,752,947
88$17,524,565$4,784,608$3,148,650$11,673,205
89$19,261,009$4,967,992$3,203,068$12,681,845
90$21,172,962$5,158,754$3,257,701$13,787,704
91$23,278,275$5,357,204$3,312,505$15,000,512
92$25,596,619$5,563,666$3,367,434$16,330,987
93$28,149,668$5,778,480$3,422,437$17,790,934
94$30,961,308$6,001,999$3,477,462$19,393,354
95$34,057,857$6,234,592$3,532,452$21,152,567
96$37,468,316$6,476,645$3,587,347$23,084,345
97$41,224,643$6,728,560$3,642,082$25,206,065
98$45,362,055$6,990,757$3,696,590$27,536,863
99$49,919,356$7,263,676$3,750,797$30,097,822
100$54,939,308$7,547,774$3,804,627$32,912,167