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%12.7%
1 years$163,507$162,050$160,629$159,242$157,888$156,109
2 years$80,944$79,436$77,975$76,559$75,185$73,394
3 years$53,427$51,913$50,455$49,052$47,700$45,953
4 years$39,671$38,161$36,718$35,339$34,020$32,330
5 years$31,419$29,919$28,495$27,144$25,862$24,234
6 years$25,920$24,431$23,028$21,707$20,463$18,900
7 years$21,994$20,517$19,137$17,847$16,642$15,143
8 years$19,050$17,587$16,229$14,971$13,806$12,372
9 years$16,762$15,313$13,978$12,752$11,627$10,256
10 years$14,932$13,497$12,187$10,992$9,907$8,599
11 years$13,437$12,016$10,729$9,567$8,520$7,275
12 years$12,191$10,785$9,522$8,391$7,383$6,199
13 years$11,138$9,746$8,507$7,408$6,438$5,313
14 years$10,236$8,859$7,644$6,576$5,644$4,576
15 years$9,455$8,093$6,901$5,865$4,969$3,957
16 years$8,772$7,425$6,257$5,251$4,392$3,434
17 years$8,170$6,838$5,693$4,718$3,894$2,989
18 years$7,636$6,319$5,197$4,252$3,463$2,608
19 years$7,159$5,856$4,758$3,842$3,086$2,280
20 years$6,729$5,442$4,367$3,480$2,757$1,997
21 years$6,342$5,069$4,016$3,158$2,467$1,752
22 years$5,989$4,732$3,702$2,871$2,211$1,540
23 years$5,668$4,425$3,418$2,615$1,985$1,354
24 years$5,375$4,146$3,161$2,385$1,784$1,192
25 years$5,105$3,891$2,928$2,178$1,605$1,051
26 years$4,856$3,657$2,715$1,992$1,446$927
27 years$4,626$3,442$2,521$1,823$1,304$818
28 years$4,413$3,243$2,344$1,670$1,176$723
29 years$4,215$3,059$2,181$1,532$1,062$639
30 years$4,030$2,889$2,032$1,406$960$565
31 years$3,858$2,731$1,894$1,291$868$499
32 years$3,697$2,584$1,767$1,186$785$442
33 years$3,546$2,448$1,650$1,091$710$391
34 years$3,404$2,320$1,542$1,004$643$346
35 years$3,270$2,200$1,441$924$583$307
36 years$3,145$2,088$1,348$851$528$272
37 years$3,026$1,983$1,262$784$478$241
38 years$2,914$1,885$1,182$723$434$213
39 years$2,808$1,792$1,107$666$393$189
40 years$2,707$1,705$1,038$615$357$167
41 years$2,612$1,623$973$567$324$148
42 years$2,521$1,546$913$523$294$132
43 years$2,435$1,473$857$483$267$117
44 years$2,353$1,404$804$446$242$103
45 years$2,274$1,339$755$412$220$92
46 years$2,200$1,277$709$381$199$81
47 years$2,129$1,219$666$352$181$72
48 years$2,060$1,164$626$325$164$64
49 years$1,995$1,111$588$300$149$57
50 years$1,933$1,061$553$278$136$50

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 $2,006 every year, while hoping to spend $43,669 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: 66/9/25 Blend
64$1,980,000$1,980,000$1,980,000$1,980,000
65$2,184,029$2,079,089$2,048,399$2,313,864
66$2,360,337$2,134,501$2,070,557$2,456,940
67$2,553,164$2,191,165$2,091,994$2,608,193
68$2,764,150$2,249,095$2,112,639$2,772,572
69$2,995,099$2,308,306$2,132,418$2,951,371
70$3,247,999$2,368,813$2,151,254$3,146,018
71$3,525,038$2,430,628$2,169,063$3,358,084
72$3,828,625$2,493,762$2,185,761$3,589,301
73$4,161,415$2,558,227$2,201,254$3,841,576
74$4,526,332$2,624,032$2,215,449$4,117,013
75$4,926,594$2,691,187$2,228,243$4,417,928
76$5,365,749$2,759,696$2,239,530$4,746,873
77$5,847,701$2,829,567$2,249,200$5,106,662
78$6,376,753$2,900,803$2,257,136$5,500,393
79$6,957,646$2,973,406$2,263,214$5,931,482
80$7,595,599$3,047,376$2,267,305$6,403,694
81$8,296,364$3,122,712$2,269,273$6,921,177
82$9,066,277$3,199,408$2,268,977$7,488,501
83$9,912,316$3,277,458$2,266,267$8,110,703
84$10,842,172$3,356,853$2,260,987$8,793,336
85$11,864,316$3,437,581$2,252,972$9,542,517
86$12,988,079$3,519,626$2,242,050$10,364,988
87$14,223,745$3,602,970$2,228,040$11,268,179
88$15,582,642$3,687,590$2,210,754$12,260,280
89$17,077,251$3,773,461$2,189,994$13,350,314
90$18,721,322$3,860,553$2,165,551$14,548,226
91$20,530,009$3,948,831$2,137,208$15,864,978
92$22,520,003$4,038,257$2,104,738$17,312,648
93$24,709,698$4,128,787$2,067,902$18,904,549
94$27,119,361$4,220,371$2,026,450$20,655,353
95$29,771,322$4,312,956$1,980,122$22,581,227
96$32,690,185$4,406,479$1,928,645$24,699,992
97$35,903,061$4,500,873$1,871,731$27,031,285
98$39,439,823$4,596,065$1,809,084$29,596,750
99$43,333,385$4,691,973$1,740,389$32,420,237
100$47,620,018$4,788,507$1,665,319$35,528,035