Can I retire at age 65 with 1,990,000?

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 $1,990,000?

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$164,332$162,869$161,440$160,046$158,685$157,619
2 years$81,353$79,838$78,369$76,945$75,564$74,489
3 years$53,696$52,175$50,710$49,300$47,941$46,890
4 years$39,871$38,354$36,904$35,518$34,192$33,173
5 years$31,578$30,070$28,639$27,281$25,992$25,009
6 years$26,051$24,554$23,145$21,817$20,567$19,620
7 years$22,105$20,621$19,233$17,937$16,726$15,816
8 years$19,146$17,676$16,311$15,047$13,876$13,003
9 years$16,847$15,390$14,049$12,816$11,686$10,850
10 years$15,008$13,565$12,248$11,048$9,957$9,157
11 years$13,504$12,077$10,783$9,615$8,563$7,799
12 years$12,253$10,839$9,570$8,434$7,421$6,692
13 years$11,194$9,796$8,550$7,446$6,471$5,777
14 years$10,288$8,904$7,682$6,609$5,672$5,012
15 years$9,503$8,134$6,936$5,894$4,994$4,366
16 years$8,816$7,463$6,288$5,278$4,414$3,818
17 years$8,212$6,873$5,722$4,742$3,914$3,348
18 years$7,675$6,351$5,224$4,274$3,480$2,944
19 years$7,195$5,886$4,782$3,862$3,102$2,595
20 years$6,763$5,469$4,389$3,497$2,771$2,291
21 years$6,374$5,095$4,037$3,174$2,479$2,027
22 years$6,020$4,756$3,720$2,886$2,222$1,795
23 years$5,697$4,448$3,435$2,628$1,995$1,592
24 years$5,402$4,167$3,177$2,397$1,793$1,414
25 years$5,131$3,911$2,943$2,189$1,614$1,257
26 years$4,881$3,676$2,729$2,002$1,453$1,118
27 years$4,649$3,459$2,534$1,832$1,310$996
28 years$4,435$3,259$2,356$1,679$1,182$887
29 years$4,236$3,075$2,192$1,539$1,068$791
30 years$4,051$2,904$2,042$1,413$965$706
31 years$3,878$2,745$1,904$1,298$872$630
32 years$3,716$2,598$1,776$1,192$789$562
33 years$3,564$2,460$1,658$1,097$714$502
34 years$3,421$2,331$1,550$1,009$646$449
35 years$3,287$2,211$1,449$929$586$401
36 years$3,161$2,099$1,355$855$530$359
37 years$3,041$1,993$1,269$788$481$321
38 years$2,928$1,894$1,188$726$436$287
39 years$2,822$1,801$1,113$670$395$257
40 years$2,721$1,714$1,043$618$359$230
41 years$2,625$1,632$978$570$325$205
42 years$2,534$1,554$918$526$295$184
43 years$2,447$1,480$861$486$268$165
44 years$2,364$1,411$808$448$243$147
45 years$2,286$1,346$759$414$221$132
46 years$2,211$1,284$713$382$200$118
47 years$2,139$1,225$670$353$182$106
48 years$2,071$1,170$629$327$165$95
49 years$2,006$1,117$591$302$150$85
50 years$1,943$1,067$556$279$136$76

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $1,990,000, adding $2,923 every year, while hoping to spend $40,394 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: 29/41/30 Blend
64$1,990,000$1,990,000$1,990,000$1,990,000
65$2,195,995$2,090,525$2,059,680$2,239,334
66$2,377,008$2,149,982$2,085,700$2,333,568
67$2,575,130$2,210,998$2,111,239$2,431,125
68$2,792,064$2,273,608$2,136,236$2,535,215
69$3,029,685$2,337,845$2,160,630$2,646,431
70$3,290,057$2,403,744$2,184,356$2,765,428
71$3,575,454$2,471,339$2,207,343$2,892,926
72$3,888,382$2,540,666$2,229,520$3,029,718
73$4,231,597$2,611,759$2,250,809$3,176,677
74$4,608,138$2,684,653$2,271,130$3,334,764
75$5,021,351$2,759,384$2,290,395$3,505,037
76$5,474,922$2,835,987$2,308,517$3,688,661
77$5,972,911$2,914,497$2,325,399$3,886,919
78$6,519,791$2,994,950$2,340,943$4,101,226
79$7,120,488$3,077,382$2,355,043$4,333,139
80$7,780,430$3,161,826$2,367,590$4,584,373
81$8,505,597$3,248,318$2,378,467$4,856,818
82$9,302,574$3,336,892$2,387,552$5,152,557
83$10,178,620$3,427,583$2,394,718$5,473,884
84$11,141,729$3,520,424$2,399,831$5,823,326
85$12,200,708$3,615,448$2,402,748$6,203,669
86$13,365,263$3,712,688$2,403,323$6,617,984
87$14,646,086$3,812,175$2,401,400$7,069,651
88$16,054,955$3,913,940$2,396,816$7,562,400
89$17,604,851$4,018,014$2,389,399$8,100,337
90$19,310,073$4,124,424$2,378,972$8,687,990
91$21,186,378$4,233,198$2,365,345$9,330,347
92$23,251,127$4,344,363$2,348,322$10,032,908
93$25,523,447$4,457,942$2,327,696$10,801,732
94$28,024,417$4,573,959$2,303,252$11,643,497
95$30,777,259$4,692,435$2,274,762$12,565,565
96$33,807,563$4,813,388$2,241,990$13,576,048
97$37,143,525$4,936,835$2,204,688$14,683,887
98$40,816,214$5,062,790$2,162,595$15,898,938
99$44,859,866$5,191,264$2,115,439$17,232,061
100$49,312,202$5,322,266$2,062,937$18,695,228