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%19%
1 years$166,810$165,324$163,874$162,459$161,078$155,239
2 years$82,579$81,041$79,551$78,105$76,704$70,885
3 years$54,506$52,961$51,474$50,043$48,664$43,049
4 years$40,472$38,932$37,460$36,053$34,708$29,339
5 years$32,054$30,523$29,071$27,692$26,384$21,276
6 years$26,444$24,925$23,493$22,146$20,877$16,032
7 years$22,438$20,932$19,523$18,207$16,978$12,397
8 years$19,435$17,942$16,557$15,274$14,085$9,762
9 years$17,101$15,622$14,261$13,010$11,862$7,792
10 years$15,234$13,770$12,433$11,214$10,107$6,283
11 years$13,708$12,259$10,946$9,760$8,692$5,106
12 years$12,437$11,003$9,714$8,561$7,533$4,175
13 years$11,363$9,943$8,679$7,558$6,569$3,431
14 years$10,443$9,038$7,798$6,709$5,758$2,831
15 years$9,646$8,256$7,040$5,983$5,070$2,343
16 years$8,949$7,575$6,383$5,357$4,481$1,944
17 years$8,335$6,976$5,808$4,814$3,973$1,617
18 years$7,790$6,447$5,302$4,338$3,532$1,347
19 years$7,303$5,975$4,854$3,920$3,149$1,124
20 years$6,865$5,552$4,455$3,550$2,812$938
21 years$6,470$5,171$4,098$3,222$2,517$785
22 years$6,110$4,827$3,777$2,929$2,256$657
23 years$5,783$4,515$3,487$2,668$2,025$550
24 years$5,483$4,230$3,225$2,433$1,820$461
25 years$5,208$3,970$2,987$2,222$1,638$386
26 years$4,954$3,731$2,770$2,032$1,475$324
27 years$4,720$3,511$2,572$1,860$1,330$272
28 years$4,502$3,309$2,391$1,704$1,200$228
29 years$4,300$3,121$2,225$1,563$1,084$191
30 years$4,112$2,948$2,073$1,434$979$161
31 years$3,936$2,787$1,932$1,317$885$135
32 years$3,772$2,637$1,803$1,210$801$113
33 years$3,618$2,497$1,683$1,113$725$95
34 years$3,473$2,367$1,573$1,024$656$80
35 years$3,337$2,245$1,471$943$594$67
36 years$3,208$2,131$1,376$868$538$56
37 years$3,087$2,023$1,288$800$488$47
38 years$2,973$1,923$1,206$737$442$40
39 years$2,864$1,829$1,130$680$401$33
40 years$2,762$1,740$1,059$627$364$28
41 years$2,664$1,656$993$579$330$24
42 years$2,572$1,577$931$534$300$20
43 years$2,484$1,503$874$493$272$17
44 years$2,400$1,432$820$455$247$14
45 years$2,320$1,366$770$420$224$12
46 years$2,244$1,303$723$388$203$10
47 years$2,172$1,244$680$359$185$8
48 years$2,102$1,187$639$331$168$7
49 years$2,036$1,134$600$306$152$6
50 years$1,972$1,083$564$283$138$5

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 $5,296 every year, while hoping to spend $24,057 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: 43/34/23 Blend
64$2,020,000$2,020,000$2,020,000$2,020,000
65$2,231,503$2,124,443$2,093,133$2,312,299
66$2,433,520$2,202,944$2,137,656$2,448,728
67$2,655,336$2,284,486$2,182,865$2,593,721
68$2,898,946$2,369,191$2,228,757$2,750,335
69$3,166,546$2,457,189$2,275,328$2,919,654
70$3,460,556$2,548,614$2,322,574$3,102,872
71$3,783,643$2,643,606$2,370,490$3,301,302
72$4,138,743$2,742,311$2,419,070$3,516,386
73$4,529,092$2,844,882$2,468,306$3,749,710
74$4,958,255$2,951,476$2,518,190$4,003,017
75$5,430,159$3,062,261$2,568,711$4,278,225
76$5,949,132$3,177,408$2,619,859$4,577,445
77$6,519,940$3,297,098$2,671,621$4,902,996
78$7,147,836$3,421,518$2,723,983$5,257,431
79$7,838,609$3,550,865$2,776,930$5,643,558
80$8,598,633$3,685,344$2,830,443$6,064,469
81$9,434,935$3,825,167$2,884,504$6,523,564
82$10,355,256$3,970,558$2,939,093$7,024,586
83$11,368,125$4,121,749$2,994,186$7,571,654
84$12,482,941$4,278,981$3,049,758$8,169,303
85$13,710,059$4,442,510$3,105,783$8,822,522
86$15,060,890$4,612,597$3,162,231$9,536,808
87$16,548,006$4,789,520$3,219,072$10,318,207
88$18,185,261$4,973,565$3,276,269$11,173,380
89$19,987,922$5,165,034$3,333,788$12,109,659
90$21,972,808$5,364,239$3,391,588$13,135,118
91$24,158,455$5,571,507$3,449,627$14,258,645
92$26,565,288$5,787,181$3,507,860$15,490,031
93$29,215,812$6,011,618$3,566,238$16,840,055
94$32,134,826$6,245,189$3,624,709$18,320,591
95$35,349,659$6,488,283$3,683,216$19,944,712
96$38,890,422$6,741,307$3,741,702$21,726,819
97$42,790,299$7,004,685$3,800,103$23,682,773
98$47,085,855$7,278,859$3,858,352$25,830,042
99$51,817,381$7,564,293$3,916,376$28,187,867
100$57,029,280$7,861,470$3,974,101$30,777,443