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%11.6%
1 years$161,855$160,413$159,007$157,634$156,293$155,243
2 years$80,126$78,634$77,188$75,785$74,425$73,366
3 years$52,887$51,388$49,946$48,556$47,218$46,183
4 years$39,270$37,776$36,348$34,982$33,677$32,673
5 years$31,102$29,617$28,207$26,870$25,600$24,632
6 years$25,658$24,184$22,796$21,488$20,257$19,324
7 years$21,771$20,310$18,943$17,666$16,474$15,578
8 years$18,858$17,409$16,065$14,820$13,667$12,807
9 years$16,593$15,158$13,837$12,623$11,510$10,686
10 years$14,782$13,361$12,064$10,881$9,807$9,019
11 years$13,301$11,894$10,621$9,470$8,434$7,682
12 years$12,068$10,676$9,425$8,307$7,309$6,591
13 years$11,025$9,648$8,421$7,333$6,373$5,689
14 years$10,132$8,770$7,566$6,510$5,587$4,936
15 years$9,359$8,011$6,831$5,806$4,919$4,300
16 years$8,684$7,350$6,194$5,198$4,348$3,760
17 years$8,088$6,769$5,636$4,671$3,855$3,298
18 years$7,559$6,255$5,145$4,209$3,428$2,900
19 years$7,086$5,797$4,710$3,803$3,055$2,556
20 years$6,661$5,387$4,323$3,445$2,729$2,257
21 years$6,278$5,018$3,976$3,126$2,442$1,996
22 years$5,929$4,684$3,664$2,842$2,189$1,768
23 years$5,611$4,381$3,383$2,589$1,965$1,568
24 years$5,320$4,104$3,129$2,361$1,766$1,393
25 years$5,053$3,852$2,898$2,156$1,589$1,238
26 years$4,807$3,620$2,688$1,972$1,431$1,102
27 years$4,579$3,407$2,496$1,805$1,291$981
28 years$4,368$3,210$2,320$1,653$1,165$874
29 years$4,172$3,029$2,159$1,516$1,052$779
30 years$3,990$2,860$2,011$1,392$950$695
31 years$3,819$2,704$1,875$1,278$859$620
32 years$3,660$2,558$1,749$1,174$777$554
33 years$3,510$2,423$1,633$1,080$703$495
34 years$3,370$2,296$1,526$994$637$442
35 years$3,237$2,178$1,427$915$577$395
36 years$3,113$2,067$1,335$843$522$353
37 years$2,995$1,963$1,249$776$474$316
38 years$2,884$1,866$1,170$715$429$282
39 years$2,779$1,774$1,096$660$389$253
40 years$2,680$1,688$1,027$608$353$226
41 years$2,585$1,607$963$561$320$202
42 years$2,495$1,530$904$518$291$181
43 years$2,410$1,458$848$478$264$162
44 years$2,329$1,390$796$442$239$145
45 years$2,251$1,325$747$408$217$130
46 years$2,178$1,264$702$377$197$116
47 years$2,107$1,207$660$348$179$104
48 years$2,040$1,152$620$322$163$93
49 years$1,975$1,100$583$297$148$84
50 years$1,914$1,051$548$275$134$75

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 $2,539 every year, while hoping to spend $51,371 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: 71/10/19 Blend
64$1,960,000$1,960,000$1,960,000$1,960,000
65$2,162,539$2,058,659$2,028,279$2,306,031
66$2,328,460$2,104,875$2,041,568$2,448,101
67$2,509,582$2,151,634$2,053,580$2,597,223
68$2,707,404$2,198,908$2,064,219$2,759,199
69$2,923,571$2,246,666$2,073,383$2,935,296
70$3,159,898$2,294,875$2,080,963$3,126,906
71$3,418,380$2,343,497$2,086,849$3,335,568
72$3,701,218$2,392,492$2,090,921$3,562,973
73$4,010,831$2,441,812$2,093,056$3,810,987
74$4,349,885$2,491,411$2,093,123$4,081,665
75$4,721,317$2,541,233$2,090,985$4,377,271
76$5,128,358$2,591,220$2,086,500$4,700,302
77$5,574,570$2,641,309$2,079,517$5,053,506
78$6,063,873$2,691,431$2,069,879$5,439,915
79$6,600,588$2,741,511$2,057,419$5,862,867
80$7,189,470$2,791,467$2,041,965$6,326,042
81$7,835,761$2,841,214$2,023,336$6,833,496
82$8,545,232$2,890,657$2,001,341$7,389,697
83$9,324,241$2,939,694$1,975,781$7,999,570
84$10,179,792$2,988,217$1,946,448$8,668,545
85$11,119,600$3,036,109$1,913,123$9,402,601
86$12,152,164$3,083,244$1,875,578$10,208,332
87$13,286,849$3,129,487$1,833,574$11,093,003
88$14,533,969$3,174,693$1,786,860$12,064,620
89$15,904,890$3,218,709$1,735,176$13,132,009
90$17,412,130$3,261,367$1,678,246$14,304,894
91$19,069,485$3,302,491$1,615,784$15,593,993
92$20,892,151$3,341,892$1,547,492$17,011,119
93$22,896,873$3,379,368$1,473,055$18,569,291
94$25,102,099$3,414,701$1,392,147$20,282,856
95$27,528,155$3,447,664$1,304,426$22,167,626
96$30,197,436$3,478,009$1,209,534$24,241,029
97$33,134,618$3,505,475$1,107,097$26,522,271
98$36,366,890$3,529,784$996,726$29,032,519
99$39,924,209$3,550,639$878,012$31,795,101
100$43,839,582$3,567,725$750,530$34,835,728