Can I retire at age 65 with 2,010,000?

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 $2,010,000?

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$165,984$164,505$163,063$161,655$160,280$158,475
2 years$82,170$80,640$79,157$77,719$76,324$74,506
3 years$54,236$52,699$51,220$49,795$48,423$46,650
4 years$40,272$38,739$37,275$35,875$34,536$32,820
5 years$31,895$30,372$28,927$27,555$26,253$24,601
6 years$26,313$24,801$23,377$22,036$20,773$19,186
7 years$22,327$20,828$19,427$18,117$16,894$15,373
8 years$19,339$17,853$16,475$15,198$14,016$12,559
9 years$17,016$15,545$14,190$12,945$11,803$10,412
10 years$15,159$13,702$12,371$11,159$10,057$8,730
11 years$13,640$12,198$10,891$9,712$8,649$7,385
12 years$12,376$10,948$9,666$8,518$7,495$6,293
13 years$11,307$9,894$8,636$7,520$6,536$5,393
14 years$10,391$8,993$7,759$6,676$5,729$4,645
15 years$9,598$8,216$7,006$5,954$5,045$4,017
16 years$8,905$7,538$6,352$5,331$4,458$3,486
17 years$8,294$6,942$5,780$4,790$3,953$3,034
18 years$7,752$6,415$5,276$4,317$3,515$2,647
19 years$7,267$5,945$4,830$3,900$3,133$2,315
20 years$6,831$5,524$4,433$3,533$2,798$2,028
21 years$6,438$5,146$4,077$3,206$2,504$1,779
22 years$6,080$4,803$3,758$2,915$2,245$1,563
23 years$5,754$4,492$3,470$2,655$2,015$1,375
24 years$5,456$4,209$3,209$2,421$1,811$1,210
25 years$5,182$3,950$2,972$2,211$1,630$1,067
26 years$4,930$3,712$2,756$2,022$1,468$941
27 years$4,696$3,494$2,560$1,851$1,324$831
28 years$4,480$3,292$2,380$1,696$1,194$734
29 years$4,279$3,106$2,214$1,555$1,078$648
30 years$4,091$2,933$2,063$1,427$974$573
31 years$3,917$2,773$1,923$1,311$881$507
32 years$3,753$2,624$1,794$1,204$797$449
33 years$3,600$2,485$1,675$1,108$721$397
34 years$3,456$2,355$1,565$1,019$653$351
35 years$3,320$2,234$1,463$938$591$311
36 years$3,192$2,120$1,369$864$536$276
37 years$3,072$2,013$1,281$796$486$244
38 years$2,958$1,914$1,200$734$440$216
39 years$2,850$1,820$1,124$677$399$192
40 years$2,748$1,731$1,054$624$362$170
41 years$2,651$1,648$988$576$329$151
42 years$2,559$1,569$927$531$298$134
43 years$2,471$1,495$870$490$271$118
44 years$2,388$1,425$816$453$246$105
45 years$2,309$1,359$766$418$223$93
46 years$2,233$1,297$720$386$202$83
47 years$2,161$1,237$676$357$184$73
48 years$2,092$1,181$636$330$167$65
49 years$2,026$1,128$597$305$152$58
50 years$1,962$1,078$562$282$138$51

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $2,010,000, adding $2,740 every year, while hoping to spend $34,688 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: 55/27/18 Blend
64$2,010,000$2,010,000$2,010,000$2,010,000
65$2,217,846$2,111,316$2,080,161$2,328,984
66$2,407,159$2,177,863$2,112,939$2,471,667
67$2,614,619$2,246,508$2,145,652$2,623,023
68$2,842,040$2,317,317$2,178,262$2,787,076
69$3,091,422$2,390,359$2,210,727$2,965,046
70$3,364,964$2,465,704$2,243,004$3,158,281
71$3,665,092$2,543,425$2,275,046$3,368,261
72$3,994,475$2,623,597$2,306,804$3,596,618
73$4,356,055$2,706,296$2,338,225$3,845,145
74$4,753,071$2,791,604$2,369,254$4,115,819
75$5,189,094$2,879,601$2,399,833$4,410,817
76$5,668,053$2,970,374$2,429,899$4,732,533
77$6,194,281$3,064,009$2,459,388$5,083,605
78$6,772,549$3,160,596$2,488,229$5,466,938
79$7,408,114$3,260,230$2,516,349$5,885,732
80$8,106,766$3,363,006$2,543,671$6,343,508
81$8,874,886$3,469,023$2,570,114$6,844,147
82$9,719,503$3,578,384$2,595,592$7,391,923
83$10,648,361$3,691,194$2,620,013$7,991,542
84$11,669,994$3,807,562$2,643,283$8,648,190
85$12,793,801$3,927,600$2,665,300$9,367,576
86$14,030,140$4,051,424$2,685,960$10,155,994
87$15,390,424$4,179,154$2,705,149$11,020,372
88$16,887,228$4,310,913$2,722,752$11,968,345
89$18,534,405$4,446,828$2,738,644$13,008,324
90$20,347,222$4,587,030$2,752,696$14,149,575
91$22,342,499$4,731,654$2,764,772$15,402,305
92$24,538,769$4,880,841$2,774,728$16,777,761
93$26,956,456$5,034,734$2,782,413$18,288,333
94$29,618,060$5,193,482$2,787,669$19,947,674
95$32,548,377$5,357,238$2,790,332$21,770,824
96$35,774,729$5,526,160$2,790,225$23,774,356
97$39,327,221$5,700,411$2,787,167$25,976,528
98$43,239,027$5,880,160$2,780,966$28,397,459
99$47,546,700$6,065,581$2,771,421$31,059,317
100$52,290,520$6,256,851$2,758,321$33,986,527