Can I retire at age 65 with 1,980,000?

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 $1,980,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.4%
1 years$163,507$162,050$160,629$159,242$157,888$153,141
2 years$80,944$79,436$77,975$76,559$75,185$70,442
3 years$53,427$51,913$50,455$49,052$47,700$43,111
4 years$39,671$38,161$36,718$35,339$34,020$29,619
5 years$31,419$29,919$28,495$27,144$25,862$21,661
6 years$25,920$24,431$23,028$21,707$20,463$16,466
7 years$21,994$20,517$19,137$17,847$16,642$12,849
8 years$19,050$17,587$16,229$14,971$13,806$10,215
9 years$16,762$15,313$13,978$12,752$11,627$8,233
10 years$14,932$13,497$12,187$10,992$9,907$6,706
11 years$13,437$12,016$10,729$9,567$8,520$5,506
12 years$12,191$10,785$9,522$8,391$7,383$4,551
13 years$11,138$9,746$8,507$7,408$6,438$3,781
14 years$10,236$8,859$7,644$6,576$5,644$3,154
15 years$9,455$8,093$6,901$5,865$4,969$2,640
16 years$8,772$7,425$6,257$5,251$4,392$2,216
17 years$8,170$6,838$5,693$4,718$3,894$1,865
18 years$7,636$6,319$5,197$4,252$3,463$1,572
19 years$7,159$5,856$4,758$3,842$3,086$1,328
20 years$6,729$5,442$4,367$3,480$2,757$1,123
21 years$6,342$5,069$4,016$3,158$2,467$950
22 years$5,989$4,732$3,702$2,871$2,211$805
23 years$5,668$4,425$3,418$2,615$1,985$683
24 years$5,375$4,146$3,161$2,385$1,784$579
25 years$5,105$3,891$2,928$2,178$1,605$492
26 years$4,856$3,657$2,715$1,992$1,446$418
27 years$4,626$3,442$2,521$1,823$1,304$355
28 years$4,413$3,243$2,344$1,670$1,176$302
29 years$4,215$3,059$2,181$1,532$1,062$257
30 years$4,030$2,889$2,032$1,406$960$218
31 years$3,858$2,731$1,894$1,291$868$186
32 years$3,697$2,584$1,767$1,186$785$158
33 years$3,546$2,448$1,650$1,091$710$135
34 years$3,404$2,320$1,542$1,004$643$114
35 years$3,270$2,200$1,441$924$583$97
36 years$3,145$2,088$1,348$851$528$83
37 years$3,026$1,983$1,262$784$478$71
38 years$2,914$1,885$1,182$723$434$60
39 years$2,808$1,792$1,107$666$393$51
40 years$2,707$1,705$1,038$615$357$44
41 years$2,612$1,623$973$567$324$37
42 years$2,521$1,546$913$523$294$32
43 years$2,435$1,473$857$483$267$27
44 years$2,353$1,404$804$446$242$23
45 years$2,274$1,339$755$412$220$20
46 years$2,200$1,277$709$381$199$17
47 years$2,129$1,219$666$352$181$14
48 years$2,060$1,164$626$325$164$12
49 years$1,995$1,111$588$300$149$10
50 years$1,933$1,061$553$278$136$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $1,980,000, adding $2,030 every year, while hoping to spend $26,531 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: 76/16/8 Blend
64$1,980,000$1,980,000$1,980,000$1,980,000
65$2,184,054$2,079,114$2,048,424$2,347,327
66$2,378,599$2,152,762$2,088,817$2,528,632
67$2,592,098$2,229,129$2,129,675$2,723,716
68$2,826,457$2,308,321$2,170,984$2,936,784
69$3,083,774$2,390,448$2,212,730$3,169,611
70$3,366,361$2,475,622$2,254,900$3,424,152
71$3,676,766$2,563,964$2,297,475$3,702,559
72$4,017,794$2,655,596$2,340,438$4,007,199
73$4,392,536$2,750,647$2,383,769$4,340,683
74$4,804,397$2,849,250$2,427,448$4,705,883
75$5,257,127$2,951,546$2,471,449$5,105,962
76$5,754,861$3,057,679$2,515,750$5,544,403
77$6,302,151$3,167,799$2,560,321$6,025,044
78$6,904,014$3,282,065$2,605,136$6,552,110
79$7,565,977$3,400,639$2,650,161$7,130,255
80$8,294,129$3,523,693$2,695,364$7,764,605
81$9,095,180$3,651,404$2,740,709$8,460,806
82$9,976,523$3,783,957$2,786,156$9,225,078
83$10,946,302$3,921,544$2,831,666$10,064,271
84$12,013,491$4,064,367$2,877,194$10,985,932
85$13,187,980$4,212,634$2,922,693$11,998,374
86$14,480,664$4,366,563$2,968,113$13,110,755
87$15,903,548$4,526,381$3,013,401$14,333,162
88$17,469,861$4,692,324$3,058,501$15,676,712
89$19,194,179$4,864,640$3,103,353$17,153,647
90$21,092,563$5,043,585$3,147,892$18,777,458
91$23,182,709$5,229,425$3,192,052$20,563,005
92$25,484,120$5,422,442$3,235,760$22,526,662
93$28,018,283$5,622,924$3,278,941$24,686,469
94$30,808,877$5,831,176$3,321,514$27,062,300
95$33,881,992$6,047,513$3,363,395$29,676,055
96$37,266,379$6,272,265$3,404,492$32,551,859
97$40,993,718$6,505,775$3,444,712$35,716,297
98$45,098,921$6,748,402$3,483,953$39,198,658
99$49,620,455$7,000,518$3,522,110$43,031,215
100$54,600,712$7,262,513$3,559,070$47,249,526