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%11.9%
1 years$166,810$165,324$163,874$162,459$161,078$159,795
2 years$82,579$81,041$79,551$78,105$76,704$75,410
3 years$54,506$52,961$51,474$50,043$48,664$47,401
4 years$40,472$38,932$37,460$36,053$34,708$33,484
5 years$32,054$30,523$29,071$27,692$26,384$25,203
6 years$26,444$24,925$23,493$22,146$20,877$19,741
7 years$22,438$20,932$19,523$18,207$16,978$15,887
8 years$19,435$17,942$16,557$15,274$14,085$13,039
9 years$17,101$15,622$14,261$13,010$11,862$10,861
10 years$15,234$13,770$12,433$11,214$10,107$9,150
11 years$13,708$12,259$10,946$9,760$8,692$7,779
12 years$12,437$11,003$9,714$8,561$7,533$6,662
13 years$11,363$9,943$8,679$7,558$6,569$5,739
14 years$10,443$9,038$7,798$6,709$5,758$4,970
15 years$9,646$8,256$7,040$5,983$5,070$4,321
16 years$8,949$7,575$6,383$5,357$4,481$3,770
17 years$8,335$6,976$5,808$4,814$3,973$3,300
18 years$7,790$6,447$5,302$4,338$3,532$2,895
19 years$7,303$5,975$4,854$3,920$3,149$2,546
20 years$6,865$5,552$4,455$3,550$2,812$2,244
21 years$6,470$5,171$4,098$3,222$2,517$1,980
22 years$6,110$4,827$3,777$2,929$2,256$1,750
23 years$5,783$4,515$3,487$2,668$2,025$1,549
24 years$5,483$4,230$3,225$2,433$1,820$1,372
25 years$5,208$3,970$2,987$2,222$1,638$1,217
26 years$4,954$3,731$2,770$2,032$1,475$1,080
27 years$4,720$3,511$2,572$1,860$1,330$960
28 years$4,502$3,309$2,391$1,704$1,200$853
29 years$4,300$3,121$2,225$1,563$1,084$759
30 years$4,112$2,948$2,073$1,434$979$675
31 years$3,936$2,787$1,932$1,317$885$601
32 years$3,772$2,637$1,803$1,210$801$535
33 years$3,618$2,497$1,683$1,113$725$477
34 years$3,473$2,367$1,573$1,024$656$425
35 years$3,337$2,245$1,471$943$594$379
36 years$3,208$2,131$1,376$868$538$338
37 years$3,087$2,023$1,288$800$488$301
38 years$2,973$1,923$1,206$737$442$269
39 years$2,864$1,829$1,130$680$401$240
40 years$2,762$1,740$1,059$627$364$214
41 years$2,664$1,656$993$579$330$191
42 years$2,572$1,577$931$534$300$171
43 years$2,484$1,503$874$493$272$152
44 years$2,400$1,432$820$455$247$136
45 years$2,320$1,366$770$420$224$121
46 years$2,244$1,303$723$388$203$108
47 years$2,172$1,244$680$359$185$97
48 years$2,102$1,187$639$331$168$87
49 years$2,036$1,134$600$306$152$77
50 years$1,972$1,083$564$283$138$69

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 $2,017 every year, while hoping to spend $49,445 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: 55/23/22 Blend
64$2,020,000$2,020,000$2,020,000$2,020,000
65$2,228,121$2,121,061$2,089,751$2,337,203
66$2,402,780$2,172,383$2,107,148$2,463,490
67$2,593,597$2,224,564$2,123,471$2,595,569
68$2,802,168$2,277,592$2,138,632$2,738,353
69$3,030,250$2,331,455$2,152,537$2,892,883
70$3,279,778$2,386,139$2,165,089$3,060,305
71$3,552,882$2,441,626$2,176,186$3,241,884
72$3,851,907$2,497,896$2,185,720$3,439,012
73$4,179,436$2,554,928$2,193,576$3,653,223
74$4,538,315$2,612,696$2,199,637$3,886,209
75$4,931,675$2,671,170$2,203,777$4,139,832
76$5,362,967$2,730,319$2,205,865$4,416,148
77$5,835,992$2,790,106$2,205,763$4,717,418
78$6,354,934$2,850,492$2,203,326$5,046,139
79$6,924,403$2,911,432$2,198,404$5,405,058
80$7,549,478$2,972,878$2,190,837$5,797,206
81$8,235,753$3,034,777$2,180,458$6,225,922
82$8,989,389$3,097,070$2,167,092$6,694,889
83$9,817,174$3,159,694$2,150,557$7,208,162
84$10,726,585$3,222,578$2,130,660$7,770,214
85$11,725,860$3,285,648$2,107,201$8,385,974
86$12,824,074$3,348,821$2,079,968$9,060,875
87$14,031,224$3,412,008$2,048,741$9,800,904
88$15,358,324$3,475,112$2,013,290$10,612,662
89$16,817,511$3,538,030$1,973,373$11,503,424
90$18,422,152$3,600,649$1,928,736$12,481,209
91$20,186,979$3,662,848$1,879,116$13,554,855
92$22,128,219$3,724,496$1,824,235$14,734,106
93$24,263,755$3,785,453$1,763,803$16,029,698
94$26,613,286$3,845,569$1,697,519$17,453,468
95$29,198,520$3,904,681$1,625,065$19,018,462
96$32,043,375$3,962,615$1,546,110$20,739,059
97$35,174,203$4,019,187$1,460,309$22,631,108
98$38,620,041$4,074,197$1,367,298$24,712,079
99$42,412,883$4,127,431$1,266,701$27,001,226
100$46,587,984$4,178,662$1,158,123$29,519,772