Can I retire at age 65 with 2,000,000?

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 $2,000,000?

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$165,158$163,687$162,252$160,851$159,483$157,686
2 years$81,761$80,239$78,763$77,332$75,944$74,135
3 years$53,966$52,437$50,965$49,547$48,182$46,417
4 years$40,071$38,547$37,089$35,696$34,364$32,657
5 years$31,737$30,221$28,783$27,418$26,123$24,479
6 years$26,182$24,678$23,261$21,926$20,670$19,091
7 years$22,216$20,724$19,330$18,027$16,810$15,296
8 years$19,243$17,765$16,393$15,122$13,946$12,497
9 years$16,931$15,467$14,120$12,881$11,744$10,360
10 years$15,083$13,634$12,310$11,103$10,007$8,686
11 years$13,572$12,137$10,837$9,663$8,606$7,348
12 years$12,314$10,894$9,618$8,476$7,458$6,261
13 years$11,250$9,845$8,593$7,483$6,503$5,367
14 years$10,339$8,949$7,721$6,643$5,701$4,622
15 years$9,550$8,175$6,971$5,924$5,020$3,997
16 years$8,861$7,500$6,320$5,304$4,436$3,469
17 years$8,253$6,907$5,751$4,766$3,934$3,019
18 years$7,713$6,383$5,250$4,295$3,497$2,634
19 years$7,231$5,915$4,806$3,881$3,117$2,303
20 years$6,797$5,497$4,411$3,515$2,785$2,017
21 years$6,406$5,120$4,057$3,190$2,492$1,770
22 years$6,050$4,779$3,739$2,900$2,234$1,555
23 years$5,726$4,470$3,452$2,642$2,005$1,368
24 years$5,429$4,188$3,193$2,409$1,802$1,204
25 years$5,156$3,930$2,957$2,200$1,622$1,062
26 years$4,905$3,694$2,743$2,012$1,461$936
27 years$4,673$3,476$2,547$1,841$1,317$826
28 years$4,458$3,276$2,368$1,687$1,188$730
29 years$4,258$3,090$2,203$1,547$1,073$645
30 years$4,071$2,919$2,052$1,420$970$570
31 years$3,897$2,759$1,913$1,304$877$504
32 years$3,734$2,611$1,785$1,198$793$446
33 years$3,582$2,472$1,667$1,102$718$395
34 years$3,438$2,343$1,557$1,014$650$350
35 years$3,304$2,222$1,456$933$588$310
36 years$3,176$2,109$1,362$860$533$274
37 years$3,057$2,003$1,275$792$483$243
38 years$2,943$1,904$1,194$730$438$215
39 years$2,836$1,811$1,119$673$397$191
40 years$2,734$1,723$1,048$621$360$169
41 years$2,638$1,640$983$573$327$150
42 years$2,546$1,562$922$529$297$133
43 years$2,459$1,488$865$488$269$118
44 years$2,376$1,418$812$451$244$105
45 years$2,297$1,352$763$416$222$93
46 years$2,222$1,290$716$384$201$82
47 years$2,150$1,231$673$355$183$73
48 years$2,081$1,175$632$328$166$65
49 years$2,016$1,122$594$303$151$57
50 years$1,953$1,072$559$280$137$51

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $2,000,000, adding $3,303 every year, while hoping to spend $22,786 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: 26/45/29 Blend
64$2,000,000$2,000,000$2,000,000$2,000,000
65$2,207,407$2,101,407$2,070,407$2,244,769
66$2,408,318$2,180,132$2,115,522$2,354,629
67$2,628,959$2,261,951$2,161,384$2,470,260
68$2,871,317$2,346,991$2,207,994$2,593,859
69$3,137,584$2,435,385$2,255,354$2,726,118
70$3,430,171$2,527,273$2,303,462$2,867,793
71$3,751,737$2,622,798$2,352,317$3,019,715
72$4,105,212$2,722,112$2,401,917$3,182,791
73$4,493,821$2,825,374$2,452,259$3,358,022
74$4,921,120$2,932,745$2,503,338$3,546,501
75$5,391,024$3,044,400$2,555,150$3,749,430
76$5,907,848$3,160,516$2,607,688$3,968,128
77$6,476,348$3,281,280$2,660,944$4,204,044
78$7,101,760$3,406,887$2,714,911$4,458,767
79$7,789,856$3,537,542$2,769,577$4,734,045
80$8,546,995$3,673,455$2,824,932$5,031,795
81$9,380,184$3,814,849$2,880,962$5,354,127
82$10,297,141$3,961,955$2,937,653$5,703,358
83$11,306,374$4,115,016$2,994,989$6,082,033
84$12,417,255$4,274,282$3,052,951$6,492,952
85$13,640,111$4,440,018$3,111,521$6,939,192
86$14,986,321$4,612,498$3,170,676$7,424,137
87$16,468,425$4,792,010$3,230,393$7,951,509
88$18,100,239$4,978,852$3,290,646$8,525,399
89$19,896,987$5,173,340$3,351,406$9,150,310
90$21,875,445$5,375,798$3,412,643$9,831,193
91$24,054,097$5,586,570$3,474,324$10,573,496
92$26,453,315$5,806,011$3,536,413$11,383,212
93$29,095,541$6,034,494$3,598,871$12,266,938
94$32,005,511$6,272,409$3,661,658$13,231,931
95$35,210,477$6,520,161$3,724,728$14,286,178
96$38,740,473$6,778,176$3,788,033$15,438,472
97$42,628,592$7,046,897$3,851,523$16,698,487
98$46,911,302$7,326,789$3,915,143$18,076,876
99$51,628,788$7,618,334$3,978,833$19,585,363
100$56,825,332$7,922,041$4,042,532$21,236,857