Can I retire at age 65 with 1,970,000?

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 $1,970,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$162,681$161,232$159,818$158,438$157,091$155,970
2 years$80,535$79,035$77,582$76,172$74,805$73,675
3 years$53,157$51,650$50,200$48,804$47,459$46,355
4 years$39,470$37,968$36,533$35,161$33,848$32,778
5 years$31,260$29,768$28,351$27,007$25,731$24,698
6 years$25,789$24,308$22,912$21,598$20,360$19,366
7 years$21,883$20,413$19,040$17,757$16,558$15,603
8 years$18,954$17,498$16,147$14,896$13,737$12,820
9 years$16,677$15,235$13,908$12,688$11,568$10,691
10 years$14,857$13,429$12,125$10,937$9,857$9,018
11 years$13,369$11,955$10,675$9,518$8,477$7,676
12 years$12,129$10,730$9,474$8,349$7,346$6,582
13 years$11,082$9,697$8,464$7,371$6,406$5,678
14 years$10,184$8,814$7,605$6,543$5,615$4,923
15 years$9,407$8,052$6,866$5,835$4,944$4,286
16 years$8,728$7,388$6,225$5,225$4,370$3,745
17 years$8,129$6,804$5,665$4,694$3,875$3,282
18 years$7,598$6,287$5,171$4,231$3,445$2,884
19 years$7,122$5,827$4,734$3,823$3,071$2,540
20 years$6,695$5,414$4,345$3,462$2,743$2,241
21 years$6,310$5,043$3,996$3,142$2,454$1,981
22 years$5,959$4,708$3,683$2,857$2,200$1,753
23 years$5,640$4,403$3,401$2,602$1,975$1,554
24 years$5,347$4,125$3,145$2,373$1,775$1,379
25 years$5,079$3,871$2,913$2,167$1,597$1,225
26 years$4,831$3,639$2,702$1,982$1,439$1,089
27 years$4,603$3,424$2,509$1,814$1,297$969
28 years$4,391$3,227$2,332$1,662$1,170$863
29 years$4,194$3,044$2,170$1,524$1,057$768
30 years$4,010$2,875$2,022$1,399$955$685
31 years$3,839$2,718$1,885$1,285$863$611
32 years$3,678$2,571$1,758$1,180$781$545
33 years$3,528$2,435$1,642$1,086$707$486
34 years$3,387$2,308$1,534$999$640$434
35 years$3,254$2,189$1,434$919$580$388
36 years$3,129$2,078$1,342$847$525$346
37 years$3,011$1,973$1,256$780$476$309
38 years$2,899$1,875$1,176$719$432$277
39 years$2,793$1,783$1,102$663$391$247
40 years$2,693$1,697$1,033$612$355$221
41 years$2,598$1,615$968$564$322$198
42 years$2,508$1,538$908$521$292$177
43 years$2,422$1,466$852$481$265$158
44 years$2,341$1,397$800$444$241$141
45 years$2,263$1,332$751$410$219$126
46 years$2,189$1,271$706$379$198$113
47 years$2,118$1,213$663$350$180$101
48 years$2,050$1,158$623$323$164$91
49 years$1,985$1,106$586$299$149$81
50 years$1,923$1,056$550$276$135$72

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $1,970,000, adding $4,811 every year, while hoping to spend $34,697 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: 57/22/21 Blend
64$1,970,000$1,970,000$1,970,000$1,970,000
65$2,175,903$2,071,493$2,040,958$2,287,413
66$2,360,927$2,136,078$2,072,412$2,428,547
67$2,563,662$2,202,666$2,103,758$2,578,151
68$2,785,875$2,271,317$2,134,954$2,740,437
69$3,029,518$2,342,094$2,165,958$2,916,636
70$3,296,735$2,415,064$2,196,724$3,108,100
71$3,589,892$2,490,292$2,227,204$3,316,320
72$3,911,593$2,567,848$2,257,348$3,542,937
73$4,264,707$2,647,804$2,287,101$3,789,758
74$4,652,394$2,730,233$2,316,405$4,058,773
75$5,078,134$2,815,211$2,345,201$4,352,171
76$5,545,763$2,902,815$2,373,424$4,672,367
77$6,059,504$2,993,126$2,401,007$5,022,017
78$6,624,011$3,086,227$2,427,878$5,404,048
79$7,244,410$3,182,202$2,453,962$5,821,685
80$7,926,350$3,281,140$2,479,180$6,278,476
81$8,676,052$3,383,131$2,503,447$6,778,335
82$9,500,372$3,488,267$2,526,675$7,325,569
83$10,406,863$3,596,645$2,548,772$7,924,924
84$11,403,846$3,708,363$2,569,638$8,581,630
85$12,500,489$3,823,523$2,589,172$9,301,445
86$13,706,893$3,942,230$2,607,263$10,090,717
87$15,034,187$4,064,591$2,623,798$10,956,435
88$16,494,636$4,190,717$2,638,656$11,906,303
89$18,101,749$4,320,723$2,651,712$12,948,806
90$19,870,415$4,454,725$2,662,832$14,093,294
91$21,817,036$4,592,846$2,671,876$15,350,069
92$23,959,688$4,735,210$2,678,698$16,730,482
93$26,318,286$4,881,945$2,683,144$18,247,038
94$28,914,774$5,033,183$2,685,052$19,913,517
95$31,773,333$5,189,061$2,684,253$21,745,103
96$34,920,606$5,349,718$2,680,569$23,758,525
97$38,385,953$5,515,299$2,673,813$25,972,218
98$42,201,723$5,685,952$2,663,789$28,406,495
99$46,403,565$5,861,829$2,650,291$31,083,737
100$51,030,758$6,043,089$2,633,106$34,028,609