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%11.5%
1 years$163,507$162,050$160,629$159,242$157,888$156,893
2 years$80,944$79,436$77,975$76,559$75,185$74,181
3 years$53,427$51,913$50,455$49,052$47,700$46,719
4 years$39,671$38,161$36,718$35,339$34,020$33,069
5 years$31,419$29,919$28,495$27,144$25,862$24,943
6 years$25,920$24,431$23,028$21,707$20,463$19,579
7 years$21,994$20,517$19,137$17,847$16,642$15,792
8 years$19,050$17,587$16,229$14,971$13,806$12,991
9 years$16,762$15,313$13,978$12,752$11,627$10,845
10 years$14,932$13,497$12,187$10,992$9,907$9,159
11 years$13,437$12,016$10,729$9,567$8,520$7,806
12 years$12,191$10,785$9,522$8,391$7,383$6,702
13 years$11,138$9,746$8,507$7,408$6,438$5,789
14 years$10,236$8,859$7,644$6,576$5,644$5,025
15 years$9,455$8,093$6,901$5,865$4,969$4,381
16 years$8,772$7,425$6,257$5,251$4,392$3,833
17 years$8,170$6,838$5,693$4,718$3,894$3,364
18 years$7,636$6,319$5,197$4,252$3,463$2,960
19 years$7,159$5,856$4,758$3,842$3,086$2,611
20 years$6,729$5,442$4,367$3,480$2,757$2,307
21 years$6,342$5,069$4,016$3,158$2,467$2,042
22 years$5,989$4,732$3,702$2,871$2,211$1,810
23 years$5,668$4,425$3,418$2,615$1,985$1,607
24 years$5,375$4,146$3,161$2,385$1,784$1,428
25 years$5,105$3,891$2,928$2,178$1,605$1,271
26 years$4,856$3,657$2,715$1,992$1,446$1,131
27 years$4,626$3,442$2,521$1,823$1,304$1,008
28 years$4,413$3,243$2,344$1,670$1,176$899
29 years$4,215$3,059$2,181$1,532$1,062$802
30 years$4,030$2,889$2,032$1,406$960$716
31 years$3,858$2,731$1,894$1,291$868$640
32 years$3,697$2,584$1,767$1,186$785$572
33 years$3,546$2,448$1,650$1,091$710$511
34 years$3,404$2,320$1,542$1,004$643$457
35 years$3,270$2,200$1,441$924$583$409
36 years$3,145$2,088$1,348$851$528$366
37 years$3,026$1,983$1,262$784$478$327
38 years$2,914$1,885$1,182$723$434$293
39 years$2,808$1,792$1,107$666$393$262
40 years$2,707$1,705$1,038$615$357$235
41 years$2,612$1,623$973$567$324$210
42 years$2,521$1,546$913$523$294$188
43 years$2,435$1,473$857$483$267$169
44 years$2,353$1,404$804$446$242$151
45 years$2,274$1,339$755$412$220$136
46 years$2,200$1,277$709$381$199$121
47 years$2,129$1,219$666$352$181$109
48 years$2,060$1,164$626$325$164$98
49 years$1,995$1,111$588$300$149$87
50 years$1,933$1,061$553$278$136$78

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 $3,408 every year, while hoping to spend $36,073 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: 75/20/5 Blend
64$1,980,000$1,980,000$1,980,000$1,980,000
65$2,185,475$2,080,535$2,049,845$2,348,408
66$2,370,012$2,144,100$2,080,134$2,519,515
67$2,572,163$2,209,571$2,110,228$2,701,990
68$2,793,686$2,277,002$2,140,083$2,900,878
69$3,036,519$2,346,451$2,169,652$3,117,791
70$3,302,793$2,417,977$2,198,884$3,354,500
71$3,594,858$2,491,638$2,227,728$3,612,957
72$3,915,302$2,567,497$2,256,125$3,895,311
73$4,266,976$2,645,617$2,284,018$4,203,928
74$4,653,017$2,726,062$2,311,343$4,541,413
75$5,076,886$2,808,900$2,338,033$4,910,635
76$5,542,391$2,894,199$2,364,020$5,314,754
77$6,053,728$2,982,028$2,389,228$5,757,249
78$6,615,522$3,072,461$2,413,581$6,241,952
79$7,232,864$3,165,571$2,436,995$6,773,084
80$7,911,366$3,261,433$2,459,384$7,355,294
81$8,657,209$3,360,127$2,480,657$7,993,703
82$9,477,203$3,461,732$2,500,717$8,693,950
83$10,378,850$3,566,329$2,519,464$9,462,249
84$11,370,416$3,674,003$2,536,790$10,305,445
85$12,461,010$3,784,840$2,552,583$11,231,076
86$13,660,665$3,898,929$2,566,727$12,247,449
87$14,980,436$4,016,360$2,579,095$13,363,714
88$16,432,505$4,137,227$2,589,560$14,589,952
89$18,030,294$4,261,623$2,597,983$15,937,268
90$19,788,589$4,389,648$2,604,221$17,417,898
91$21,723,685$4,521,402$2,608,122$19,045,323
92$23,853,537$4,656,985$2,609,530$20,834,394
93$26,197,925$4,796,505$2,608,276$22,801,475
94$28,778,647$4,940,068$2,604,188$24,964,596
95$31,619,722$5,087,784$2,597,081$27,343,622
96$34,747,614$5,239,766$2,586,764$29,960,439
97$38,191,487$5,396,130$2,573,036$32,839,165
98$41,983,472$5,556,994$2,555,686$36,006,371
99$46,158,977$5,722,478$2,534,493$39,491,337
100$50,757,020$5,892,707$2,509,226$43,326,324