Can I retire at age 65 with 2,020,000?

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 $2,020,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.8%
1 years$166,810$165,324$163,874$162,459$161,078$157,890
2 years$82,579$81,041$79,551$78,105$76,704$73,506
3 years$54,506$52,961$51,474$50,043$48,664$45,555
4 years$40,472$38,932$37,460$36,053$34,708$31,712
5 years$32,054$30,523$29,071$27,692$26,384$23,510
6 years$26,444$24,925$23,493$22,146$20,877$18,128
7 years$22,438$20,932$19,523$18,207$16,978$14,355
8 years$19,435$17,942$16,557$15,274$14,085$11,587
9 years$17,101$15,622$14,261$13,010$11,862$9,487
10 years$15,234$13,770$12,433$11,214$10,107$7,853
11 years$13,708$12,259$10,946$9,760$8,692$6,556
12 years$12,437$11,003$9,714$8,561$7,533$5,512
13 years$11,363$9,943$8,679$7,558$6,569$4,659
14 years$10,443$9,038$7,798$6,709$5,758$3,957
15 years$9,646$8,256$7,040$5,983$5,070$3,373
16 years$8,949$7,575$6,383$5,357$4,481$2,885
17 years$8,335$6,976$5,808$4,814$3,973$2,473
18 years$7,790$6,447$5,302$4,338$3,532$2,126
19 years$7,303$5,975$4,854$3,920$3,149$1,830
20 years$6,865$5,552$4,455$3,550$2,812$1,578
21 years$6,470$5,171$4,098$3,222$2,517$1,363
22 years$6,110$4,827$3,777$2,929$2,256$1,178
23 years$5,783$4,515$3,487$2,668$2,025$1,020
24 years$5,483$4,230$3,225$2,433$1,820$883
25 years$5,208$3,970$2,987$2,222$1,638$766
26 years$4,954$3,731$2,770$2,032$1,475$664
27 years$4,720$3,511$2,572$1,860$1,330$576
28 years$4,502$3,309$2,391$1,704$1,200$501
29 years$4,300$3,121$2,225$1,563$1,084$435
30 years$4,112$2,948$2,073$1,434$979$378
31 years$3,936$2,787$1,932$1,317$885$328
32 years$3,772$2,637$1,803$1,210$801$286
33 years$3,618$2,497$1,683$1,113$725$248
34 years$3,473$2,367$1,573$1,024$656$216
35 years$3,337$2,245$1,471$943$594$188
36 years$3,208$2,131$1,376$868$538$164
37 years$3,087$2,023$1,288$800$488$142
38 years$2,973$1,923$1,206$737$442$124
39 years$2,864$1,829$1,130$680$401$108
40 years$2,762$1,740$1,059$627$364$94
41 years$2,664$1,656$993$579$330$82
42 years$2,572$1,577$931$534$300$71
43 years$2,484$1,503$874$493$272$62
44 years$2,400$1,432$820$455$247$54
45 years$2,320$1,366$770$420$224$47
46 years$2,244$1,303$723$388$203$41
47 years$2,172$1,244$680$359$185$36
48 years$2,102$1,187$639$331$168$31
49 years$2,036$1,134$600$306$152$27
50 years$1,972$1,083$564$283$138$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $2,020,000, adding $3,661 every year, while hoping to spend $57,208 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: 35/47/18 Blend
64$2,020,000$2,020,000$2,020,000$2,020,000
65$2,229,816$2,122,756$2,091,446$2,295,450
66$2,396,389$2,165,903$2,100,641$2,386,866
67$2,578,034$2,209,245$2,108,226$2,479,831
68$2,776,230$2,252,735$2,114,088$2,578,935
69$2,992,601$2,296,314$2,118,106$2,684,756
70$3,228,938$2,339,925$2,120,154$2,797,929
71$3,487,211$2,383,503$2,120,100$2,919,161
72$3,769,588$2,426,976$2,117,805$3,049,226
73$4,078,458$2,470,271$2,113,124$3,188,981
74$4,416,451$2,513,304$2,105,904$3,339,373
75$4,786,462$2,555,989$2,095,985$3,501,445
76$5,191,680$2,598,231$2,083,198$3,676,349
77$5,635,615$2,639,928$2,067,369$3,865,357
78$6,122,134$2,680,971$2,048,313$4,069,873
79$6,655,497$2,721,243$2,025,836$4,291,445
80$7,240,393$2,760,619$1,999,737$4,531,784
81$7,881,988$2,798,965$1,969,804$4,792,776
82$8,585,973$2,836,137$1,935,814$5,076,505
83$9,358,616$2,871,981$1,897,537$5,385,268
84$10,206,819$2,906,332$1,854,729$5,721,603
85$11,138,188$2,939,016$1,807,136$6,088,310
86$12,161,101$2,969,845$1,754,493$6,488,477
87$13,284,785$2,998,620$1,696,520$6,925,516
88$14,519,408$3,025,127$1,632,928$7,403,186
89$15,876,168$3,049,139$1,563,413$7,925,641
90$17,367,406$3,070,415$1,487,655$8,497,462
91$19,006,713$3,088,698$1,405,324$9,123,702
92$20,809,067$3,103,713$1,316,071$9,809,938
93$22,790,966$3,115,169$1,219,534$10,562,324
94$24,970,589$3,122,757$1,115,333$11,387,648
95$27,367,965$3,126,147$1,003,072$12,293,400
96$30,005,159$3,124,991$882,337$13,287,840
97$32,906,486$3,118,916$752,696$14,380,085
98$36,098,734$3,107,529$613,697$15,580,187
99$39,611,418$3,090,411$464,869$16,899,238
100$43,477,059$3,067,118$305,719$18,349,471