Can I retire at age 65 with 2,030,000?

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 $2,030,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.8%
1 years$167,636$166,142$164,685$163,264$161,875$157,387
2 years$82,988$81,442$79,944$78,492$77,083$72,596
3 years$54,776$53,223$51,729$50,291$48,905$44,558
4 years$40,672$39,125$37,646$36,232$34,879$30,706
5 years$32,213$30,674$29,215$27,829$26,515$22,527
6 years$26,575$25,048$23,610$22,255$20,980$17,181
7 years$22,549$21,035$19,620$18,297$17,063$13,453
8 years$19,531$18,031$16,639$15,349$14,155$10,732
9 years$17,185$15,699$14,331$13,074$11,921$8,682
10 years$15,310$13,838$12,494$11,270$10,157$7,098
11 years$13,776$12,319$11,000$9,808$8,735$5,851
12 years$12,499$11,057$9,762$8,603$7,570$4,855
13 years$11,419$9,992$8,722$7,595$6,601$4,050
14 years$10,494$9,083$7,837$6,742$5,786$3,392
15 years$9,694$8,297$7,075$6,013$5,095$2,852
16 years$8,994$7,613$6,415$5,384$4,503$2,404
17 years$8,377$7,011$5,837$4,837$3,993$2,032
18 years$7,829$6,478$5,329$4,359$3,550$1,721
19 years$7,339$6,004$4,878$3,939$3,164$1,459
20 years$6,899$5,579$4,477$3,568$2,826$1,240
21 years$6,502$5,197$4,118$3,238$2,529$1,054
22 years$6,141$4,851$3,795$2,944$2,267$897
23 years$5,812$4,537$3,504$2,681$2,035$765
24 years$5,510$4,251$3,241$2,445$1,829$652
25 years$5,234$3,989$3,002$2,233$1,646$556
26 years$4,979$3,749$2,784$2,042$1,483$475
27 years$4,743$3,529$2,585$1,869$1,337$405
28 years$4,524$3,325$2,403$1,712$1,206$346
29 years$4,321$3,137$2,236$1,570$1,089$296
30 years$4,132$2,962$2,083$1,441$984$253
31 years$3,956$2,800$1,942$1,324$890$216
32 years$3,790$2,650$1,812$1,216$805$185
33 years$3,635$2,509$1,692$1,119$728$158
34 years$3,490$2,378$1,581$1,029$659$135
35 years$3,353$2,256$1,478$947$597$116
36 years$3,224$2,141$1,383$873$541$99
37 years$3,102$2,034$1,294$804$490$85
38 years$2,987$1,933$1,212$741$445$73
39 years$2,878$1,838$1,135$683$403$62
40 years$2,775$1,748$1,064$630$366$53
41 years$2,677$1,664$998$581$332$45
42 years$2,584$1,585$936$537$301$39
43 years$2,496$1,510$878$495$273$33
44 years$2,412$1,440$824$457$248$29
45 years$2,332$1,373$774$422$225$24
46 years$2,255$1,310$727$390$204$21
47 years$2,182$1,250$683$360$186$18
48 years$2,113$1,193$642$333$169$15
49 years$2,046$1,139$603$308$153$13
50 years$1,982$1,088$567$285$139$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $2,030,000, adding $4,372 every year, while hoping to spend $38,888 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: 57/19/24 Blend
64$2,030,000$2,030,000$2,030,000$2,030,000
65$2,241,570$2,133,980$2,102,515$2,354,510
66$2,428,833$2,197,168$2,131,572$2,495,404
67$2,633,894$2,262,150$2,160,300$2,644,386
68$2,858,527$2,328,971$2,188,646$2,805,938
69$3,104,686$2,397,679$2,216,555$2,981,281
70$3,374,522$2,468,324$2,243,968$3,171,764
71$3,670,407$2,540,955$2,270,823$3,378,869
72$3,994,949$2,615,622$2,297,057$3,604,231
73$4,351,025$2,692,379$2,322,600$3,849,649
74$4,741,801$2,771,277$2,347,378$4,117,105
75$5,170,766$2,852,371$2,371,317$4,408,782
76$5,641,763$2,935,716$2,394,334$4,727,084
77$6,159,024$3,021,367$2,416,345$5,074,661
78$6,727,212$3,109,381$2,437,261$5,454,431
79$7,351,464$3,199,818$2,456,985$5,869,610
80$8,037,439$3,292,735$2,475,421$6,323,737
81$8,791,372$3,388,193$2,492,461$6,820,717
82$9,620,131$3,486,253$2,507,997$7,364,848
83$10,531,282$3,586,977$2,521,913$7,960,867
84$11,533,163$3,690,429$2,534,087$8,613,994
85$12,634,957$3,796,672$2,544,391$9,329,978
86$13,846,785$3,905,771$2,552,690$10,115,156
87$15,179,796$4,017,793$2,558,844$10,976,510
88$16,646,274$4,132,804$2,562,705$11,921,733
89$18,259,755$4,250,871$2,564,116$12,959,301
90$20,035,150$4,372,064$2,562,914$14,098,556
91$21,988,892$4,496,453$2,558,928$15,349,790
92$24,139,086$4,624,105$2,551,979$16,724,345
93$26,505,681$4,755,094$2,541,878$18,234,720
94$29,110,657$4,889,490$2,528,428$19,894,687
95$31,978,234$5,027,366$2,511,420$21,719,423
96$35,135,100$5,168,793$2,490,639$23,725,652
97$38,610,663$5,313,846$2,465,858$25,931,805
98$42,437,323$5,462,597$2,436,837$28,358,190
99$46,650,787$5,615,121$2,403,328$31,027,188
100$51,290,397$5,771,492$2,365,069$33,963,463