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%13%
1 years$164,332$162,869$161,440$160,046$158,685$156,702
2 years$81,353$79,838$78,369$76,945$75,564$73,569
3 years$53,696$52,175$50,710$49,300$47,941$45,996
4 years$39,871$38,354$36,904$35,518$34,192$32,311
5 years$31,578$30,070$28,639$27,281$25,992$24,181
6 years$26,051$24,554$23,145$21,817$20,567$18,828
7 years$22,105$20,621$19,233$17,937$16,726$15,061
8 years$19,146$17,676$16,311$15,047$13,876$12,283
9 years$16,847$15,390$14,049$12,816$11,686$10,165
10 years$15,008$13,565$12,248$11,048$9,957$8,507
11 years$13,504$12,077$10,783$9,615$8,563$7,183
12 years$12,253$10,839$9,570$8,434$7,421$6,109
13 years$11,194$9,796$8,550$7,446$6,471$5,226
14 years$10,288$8,904$7,682$6,609$5,672$4,492
15 years$9,503$8,134$6,936$5,894$4,994$3,877
16 years$8,816$7,463$6,288$5,278$4,414$3,358
17 years$8,212$6,873$5,722$4,742$3,914$2,916
18 years$7,675$6,351$5,224$4,274$3,480$2,539
19 years$7,195$5,886$4,782$3,862$3,102$2,215
20 years$6,763$5,469$4,389$3,497$2,771$1,936
21 years$6,374$5,095$4,037$3,174$2,479$1,695
22 years$6,020$4,756$3,720$2,886$2,222$1,485
23 years$5,697$4,448$3,435$2,628$1,995$1,304
24 years$5,402$4,167$3,177$2,397$1,793$1,145
25 years$5,131$3,911$2,943$2,189$1,614$1,007
26 years$4,881$3,676$2,729$2,002$1,453$886
27 years$4,649$3,459$2,534$1,832$1,310$780
28 years$4,435$3,259$2,356$1,679$1,182$687
29 years$4,236$3,075$2,192$1,539$1,068$606
30 years$4,051$2,904$2,042$1,413$965$534
31 years$3,878$2,745$1,904$1,298$872$472
32 years$3,716$2,598$1,776$1,192$789$416
33 years$3,564$2,460$1,658$1,097$714$367
34 years$3,421$2,331$1,550$1,009$646$325
35 years$3,287$2,211$1,449$929$586$287
36 years$3,161$2,099$1,355$855$530$253
37 years$3,041$1,993$1,269$788$481$224
38 years$2,928$1,894$1,188$726$436$198
39 years$2,822$1,801$1,113$670$395$175
40 years$2,721$1,714$1,043$618$359$155
41 years$2,625$1,632$978$570$325$137
42 years$2,534$1,554$918$526$295$121
43 years$2,447$1,480$861$486$268$107
44 years$2,364$1,411$808$448$243$95
45 years$2,286$1,346$759$414$221$84
46 years$2,211$1,284$713$382$200$74
47 years$2,139$1,225$670$353$182$65
48 years$2,071$1,170$629$327$165$58
49 years$2,006$1,117$591$302$150$51
50 years$1,943$1,067$556$279$136$45

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 $5,789 every year, while hoping to spend $30,560 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: 56/15/29 Blend
64$1,990,000$1,990,000$1,990,000$1,990,000
65$2,198,951$2,093,481$2,062,636$2,304,186
66$2,390,729$2,163,546$2,099,219$2,447,380
67$2,601,043$2,236,020$2,136,003$2,599,674
68$2,831,753$2,310,989$2,172,963$2,765,002
69$3,084,906$2,388,541$2,210,071$2,944,633
70$3,362,756$2,468,769$2,247,298$3,139,965
71$3,667,788$2,551,769$2,284,613$3,352,536
72$4,002,736$2,637,640$2,321,981$3,584,039
73$4,370,616$2,726,485$2,359,368$3,836,342
74$4,774,746$2,818,411$2,396,735$4,111,497
75$5,218,786$2,913,528$2,434,041$4,411,768
76$5,706,763$3,011,952$2,471,242$4,739,646
77$6,243,117$3,113,802$2,508,294$5,097,875
78$6,832,739$3,219,202$2,545,145$5,489,479
79$7,481,016$3,328,281$2,581,745$5,917,788
80$8,193,885$3,441,172$2,618,039$6,386,468
81$8,977,885$3,558,013$2,653,967$6,899,560
82$9,840,222$3,678,949$2,689,468$7,461,516
83$10,788,835$3,804,128$2,724,475$8,077,238
84$11,832,471$3,933,705$2,758,920$8,752,129
85$12,980,769$4,067,842$2,792,729$9,492,138
86$14,244,346$4,206,705$2,825,825$10,303,823
87$15,634,904$4,350,468$2,858,124$11,194,407
88$17,165,334$4,499,310$2,889,541$12,171,848
89$18,849,841$4,653,420$2,919,984$13,244,915
90$20,704,078$4,812,991$2,949,357$14,423,269
91$22,745,291$4,978,224$2,977,557$15,717,554
92$24,992,484$5,149,331$3,004,479$17,139,499
93$27,466,596$5,326,527$3,030,008$18,702,026
94$30,190,702$5,510,039$3,054,026$20,419,376
95$33,190,225$5,700,103$3,076,407$22,307,238
96$36,493,182$5,896,962$3,097,021$24,382,900
97$40,130,444$6,100,871$3,115,728$26,665,411
98$44,136,028$6,312,092$3,132,384$29,175,763
99$48,547,417$6,530,899$3,146,833$31,937,085
100$53,405,919$6,757,578$3,158,917$34,974,864