Can I retire at age 65 with 1,960,000?

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 $1,960,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.1%
1 years$161,855$160,413$159,007$157,634$156,293$150,568
2 years$80,126$78,634$77,188$75,785$74,425$68,721
3 years$52,887$51,388$49,946$48,556$47,218$41,715
4 years$39,270$37,776$36,348$34,982$33,677$28,415
5 years$31,102$29,617$28,207$26,870$25,600$20,595
6 years$25,658$24,184$22,796$21,488$20,257$15,511
7 years$21,771$20,310$18,943$17,666$16,474$11,986
8 years$18,858$17,409$16,065$14,820$13,667$9,434
9 years$16,593$15,158$13,837$12,623$11,510$7,525
10 years$14,782$13,361$12,064$10,881$9,807$6,064
11 years$13,301$11,894$10,621$9,470$8,434$4,925
12 years$12,068$10,676$9,425$8,307$7,309$4,024
13 years$11,025$9,648$8,421$7,333$6,373$3,305
14 years$10,132$8,770$7,566$6,510$5,587$2,725
15 years$9,359$8,011$6,831$5,806$4,919$2,253
16 years$8,684$7,350$6,194$5,198$4,348$1,869
17 years$8,088$6,769$5,636$4,671$3,855$1,553
18 years$7,559$6,255$5,145$4,209$3,428$1,293
19 years$7,086$5,797$4,710$3,803$3,055$1,078
20 years$6,661$5,387$4,323$3,445$2,729$899
21 years$6,278$5,018$3,976$3,126$2,442$751
22 years$5,929$4,684$3,664$2,842$2,189$628
23 years$5,611$4,381$3,383$2,589$1,965$526
24 years$5,320$4,104$3,129$2,361$1,766$440
25 years$5,053$3,852$2,898$2,156$1,589$369
26 years$4,807$3,620$2,688$1,972$1,431$309
27 years$4,579$3,407$2,496$1,805$1,291$259
28 years$4,368$3,210$2,320$1,653$1,165$217
29 years$4,172$3,029$2,159$1,516$1,052$182
30 years$3,990$2,860$2,011$1,392$950$153
31 years$3,819$2,704$1,875$1,278$859$128
32 years$3,660$2,558$1,749$1,174$777$107
33 years$3,510$2,423$1,633$1,080$703$90
34 years$3,370$2,296$1,526$994$637$76
35 years$3,237$2,178$1,427$915$577$64
36 years$3,113$2,067$1,335$843$522$53
37 years$2,995$1,963$1,249$776$474$45
38 years$2,884$1,866$1,170$715$429$38
39 years$2,779$1,774$1,096$660$389$32
40 years$2,680$1,688$1,027$608$353$26
41 years$2,585$1,607$963$561$320$22
42 years$2,495$1,530$904$518$291$19
43 years$2,410$1,458$848$478$264$16
44 years$2,329$1,390$796$442$239$13
45 years$2,251$1,325$747$408$217$11
46 years$2,178$1,264$702$377$197$9
47 years$2,107$1,207$660$348$179$8
48 years$2,040$1,152$620$322$163$7
49 years$1,975$1,100$583$297$148$5
50 years$1,914$1,051$548$275$134$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $1,960,000, adding $3,471 every year, while hoping to spend $35,773 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: 52/29/19 Blend
64$1,960,000$1,960,000$1,960,000$1,960,000
65$2,163,500$2,059,620$2,029,240$2,264,538
66$2,346,115$2,122,480$2,059,158$2,397,246
67$2,546,158$2,187,220$2,088,878$2,537,497
68$2,765,368$2,253,896$2,118,358$2,689,277
69$3,005,662$2,322,563$2,147,549$2,853,690
70$3,269,150$2,393,279$2,176,403$3,031,955
71$3,558,157$2,466,103$2,204,866$3,225,410
72$3,875,242$2,541,095$2,232,882$3,435,530
73$4,223,225$2,618,318$2,260,392$3,663,939
74$4,605,214$2,697,835$2,287,335$3,912,424
75$5,024,628$2,779,712$2,313,643$4,182,952
76$5,485,238$2,864,015$2,339,248$4,477,690
77$5,991,195$2,950,815$2,364,076$4,799,025
78$6,547,074$3,040,181$2,388,049$5,149,583
79$7,157,912$3,132,187$2,411,085$5,532,259
80$7,829,262$3,226,907$2,433,099$5,950,238
81$8,567,238$3,324,417$2,453,999$6,407,032
82$9,378,579$3,424,796$2,473,691$6,906,506
83$10,270,707$3,528,124$2,492,073$7,452,920
84$11,251,801$3,634,484$2,509,039$8,050,962
85$12,330,871$3,743,960$2,524,478$8,705,803
86$13,517,845$3,856,639$2,538,274$9,423,132
87$14,823,661$3,972,611$2,550,302$10,209,223
88$16,260,371$4,091,965$2,560,433$11,070,982
89$17,841,253$4,214,795$2,568,532$12,016,022
90$19,580,938$4,341,197$2,574,455$13,052,727
91$21,495,547$4,471,270$2,578,052$14,190,336
92$23,602,843$4,605,112$2,579,167$15,439,028
93$25,922,398$4,742,827$2,577,634$16,810,017
94$28,475,777$4,884,520$2,573,280$18,315,658
95$31,286,744$5,030,299$2,565,922$19,969,568
96$34,381,482$5,180,274$2,555,371$21,786,746
97$37,788,843$5,334,558$2,541,426$23,783,720
98$41,540,620$5,493,266$2,523,878$25,978,704
99$45,671,843$5,656,516$2,502,508$28,391,764
100$50,221,114$5,824,429$2,477,085$31,045,013