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%14.5%
1 years$165,158$163,687$162,252$160,851$159,483$156,519
2 years$81,761$80,239$78,763$77,332$75,944$72,969
3 years$53,966$52,437$50,965$49,547$48,182$45,289
4 years$40,071$38,547$37,089$35,696$34,364$31,574
5 years$31,737$30,221$28,783$27,418$26,123$23,445
6 years$26,182$24,678$23,261$21,926$20,670$18,107
7 years$22,216$20,724$19,330$18,027$16,810$14,363
8 years$19,243$17,765$16,393$15,122$13,946$11,613
9 years$16,931$15,467$14,120$12,881$11,744$9,525
10 years$15,083$13,634$12,310$11,103$10,007$7,899
11 years$13,572$12,137$10,837$9,663$8,606$6,608
12 years$12,314$10,894$9,618$8,476$7,458$5,566
13 years$11,250$9,845$8,593$7,483$6,503$4,714
14 years$10,339$8,949$7,721$6,643$5,701$4,012
15 years$9,550$8,175$6,971$5,924$5,020$3,427
16 years$8,861$7,500$6,320$5,304$4,436$2,937
17 years$8,253$6,907$5,751$4,766$3,934$2,524
18 years$7,713$6,383$5,250$4,295$3,497$2,173
19 years$7,231$5,915$4,806$3,881$3,117$1,875
20 years$6,797$5,497$4,411$3,515$2,785$1,621
21 years$6,406$5,120$4,057$3,190$2,492$1,403
22 years$6,050$4,779$3,739$2,900$2,234$1,216
23 years$5,726$4,470$3,452$2,642$2,005$1,055
24 years$5,429$4,188$3,193$2,409$1,802$916
25 years$5,156$3,930$2,957$2,200$1,622$796
26 years$4,905$3,694$2,743$2,012$1,461$692
27 years$4,673$3,476$2,547$1,841$1,317$602
28 years$4,458$3,276$2,368$1,687$1,188$524
29 years$4,258$3,090$2,203$1,547$1,073$456
30 years$4,071$2,919$2,052$1,420$970$397
31 years$3,897$2,759$1,913$1,304$877$346
32 years$3,734$2,611$1,785$1,198$793$302
33 years$3,582$2,472$1,667$1,102$718$263
34 years$3,438$2,343$1,557$1,014$650$230
35 years$3,304$2,222$1,456$933$588$200
36 years$3,176$2,109$1,362$860$533$175
37 years$3,057$2,003$1,275$792$483$152
38 years$2,943$1,904$1,194$730$438$133
39 years$2,836$1,811$1,119$673$397$116
40 years$2,734$1,723$1,048$621$360$101
41 years$2,638$1,640$983$573$327$88
42 years$2,546$1,562$922$529$297$77
43 years$2,459$1,488$865$488$269$67
44 years$2,376$1,418$812$451$244$59
45 years$2,297$1,352$763$416$222$51
46 years$2,222$1,290$716$384$201$45
47 years$2,150$1,231$673$355$183$39
48 years$2,081$1,175$632$328$166$34
49 years$2,016$1,122$594$303$151$30
50 years$1,953$1,072$559$280$137$26

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 $2,876 every year, while hoping to spend $38,336 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: 36/35/29 Blend
64$2,000,000$2,000,000$2,000,000$2,000,000
65$2,206,967$2,100,967$2,069,967$2,267,129
66$2,391,288$2,163,125$2,098,521$2,374,415
67$2,593,125$2,227,044$2,126,748$2,486,497
68$2,814,225$2,292,770$2,154,594$2,606,773
69$3,056,509$2,360,349$2,182,007$2,736,007
70$3,322,096$2,429,829$2,208,927$2,875,039
71$3,613,319$2,501,260$2,235,295$3,024,794
72$3,932,746$2,574,690$2,261,046$3,186,290
73$4,283,207$2,650,170$2,286,112$3,360,648
74$4,667,818$2,727,753$2,310,421$3,549,103
75$5,090,014$2,807,491$2,333,898$3,753,013
76$5,553,574$2,889,437$2,356,463$3,973,875
77$6,062,666$2,973,646$2,378,031$4,213,335
78$6,621,878$3,060,175$2,398,515$4,473,208
79$7,236,265$3,149,079$2,417,821$4,755,494
80$7,911,396$3,240,417$2,435,851$5,062,393
81$8,653,408$3,334,247$2,452,501$5,396,330
82$9,469,059$3,430,628$2,467,663$5,759,976
83$10,365,796$3,529,622$2,481,223$6,156,273
84$11,351,824$3,631,289$2,493,060$6,588,463
85$12,436,180$3,735,693$2,503,048$7,060,118
86$13,628,825$3,842,897$2,511,055$7,575,170
87$14,940,731$3,952,964$2,516,940$8,137,957
88$16,383,986$4,065,960$2,520,559$8,753,253
89$17,971,912$4,181,951$2,521,757$9,426,321
90$19,719,184$4,301,004$2,520,372$10,162,961
91$21,641,972$4,423,185$2,516,237$10,969,561
92$23,758,096$4,548,563$2,509,173$11,853,163
93$26,087,186$4,677,207$2,498,995$12,821,523
94$28,650,875$4,809,187$2,485,507$13,883,193
95$31,472,999$4,944,571$2,468,506$15,047,591
96$34,579,820$5,083,431$2,447,777$16,325,100
97$38,000,280$5,225,837$2,423,095$17,727,158
98$41,766,266$5,371,860$2,394,226$19,266,374
99$45,912,916$5,521,572$2,360,924$20,956,639
100$50,478,949$5,675,045$2,322,930$22,813,263