Can I retire at age 65 with 2,040,000?

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 $2,040,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.7%
1 years$168,461$166,961$165,497$164,068$162,672$158,869
2 years$83,397$81,843$80,338$78,879$77,463$73,653
3 years$55,046$53,486$51,984$50,538$49,146$45,448
4 years$40,873$39,318$37,831$36,410$35,051$31,494
5 years$32,371$30,825$29,359$27,966$26,645$23,239
6 years$26,705$25,171$23,726$22,365$21,084$17,831
7 years$22,660$21,139$19,716$18,387$17,147$14,049
8 years$19,627$18,120$16,721$15,425$14,225$11,280
9 years$17,270$15,777$14,402$13,138$11,979$9,186
10 years$15,385$13,906$12,556$11,326$10,207$7,561
11 years$13,844$12,380$11,054$9,857$8,778$6,277
12 years$12,560$11,112$9,810$8,646$7,607$5,246
13 years$11,475$10,042$8,765$7,633$6,634$4,408
14 years$10,546$9,128$7,875$6,775$5,815$3,721
15 years$9,741$8,338$7,110$6,043$5,120$3,152
16 years$9,038$7,650$6,446$5,410$4,525$2,679
17 years$8,418$7,045$5,866$4,861$4,012$2,282
18 years$7,867$6,510$5,355$4,381$3,567$1,948
19 years$7,376$6,034$4,902$3,959$3,180$1,666
20 years$6,933$5,607$4,499$3,585$2,840$1,427
21 years$6,534$5,223$4,138$3,254$2,542$1,224
22 years$6,171$4,875$3,814$2,958$2,278$1,051
23 years$5,840$4,560$3,522$2,694$2,045$903
24 years$5,538$4,272$3,257$2,457$1,838$777
25 years$5,259$4,009$3,016$2,244$1,654$668
26 years$5,003$3,768$2,798$2,052$1,490$576
27 years$4,766$3,546$2,598$1,878$1,343$496
28 years$4,547$3,341$2,415$1,721$1,212$428
29 years$4,343$3,152$2,247$1,578$1,094$369
30 years$4,153$2,977$2,093$1,448$989$318
31 years$3,975$2,814$1,952$1,330$894$274
32 years$3,809$2,663$1,821$1,222$809$237
33 years$3,653$2,522$1,700$1,124$732$204
34 years$3,507$2,390$1,589$1,034$663$176
35 years$3,370$2,267$1,485$952$600$152
36 years$3,240$2,152$1,389$877$544$132
37 years$3,118$2,044$1,300$808$493$114
38 years$3,002$1,942$1,218$745$447$98
39 years$2,893$1,847$1,141$687$405$85
40 years$2,789$1,757$1,069$633$368$73
41 years$2,691$1,673$1,003$584$333$63
42 years$2,597$1,593$941$539$303$55
43 years$2,508$1,518$883$498$275$47
44 years$2,424$1,447$828$460$249$41
45 years$2,343$1,380$778$424$226$35
46 years$2,266$1,316$731$392$205$30
47 years$2,193$1,256$686$362$187$26
48 years$2,123$1,199$645$335$169$23
49 years$2,056$1,145$606$309$154$20
50 years$1,992$1,094$570$286$140$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $2,040,000, adding $2,841 every year, while hoping to spend $23,188 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: 64/12/24 Blend
64$2,040,000$2,040,000$2,040,000$2,040,000
65$2,251,010$2,142,890$2,111,270$2,380,787
66$2,455,942$2,223,220$2,157,326$2,549,043
67$2,680,999$2,306,709$2,204,148$2,729,956
68$2,928,210$2,393,487$2,251,736$2,927,100
69$3,199,810$2,483,690$2,300,091$3,142,068
70$3,498,260$2,577,461$2,349,214$3,376,615
71$3,826,272$2,674,946$2,399,102$3,632,671
72$4,186,834$2,776,301$2,449,755$3,912,362
73$4,583,237$2,881,685$2,501,167$4,218,029
74$5,019,108$2,991,268$2,553,337$4,552,251
75$5,498,441$3,105,225$2,606,258$4,917,866
76$6,025,639$3,223,738$2,659,925$5,317,999
77$6,605,552$3,346,999$2,714,330$5,756,095
78$7,243,522$3,475,206$2,769,464$6,235,943
79$7,945,438$3,608,567$2,825,317$6,761,721
80$8,717,786$3,747,301$2,881,879$7,338,028
81$9,567,714$3,891,632$2,939,136$7,969,931
82$10,503,097$4,041,798$2,997,073$8,663,010
83$11,532,613$4,198,046$3,055,675$9,423,412
84$12,665,823$4,360,634$3,114,923$10,257,908
85$13,913,262$4,529,829$3,174,798$11,173,959
86$15,286,538$4,705,915$3,235,277$12,179,782
87$16,798,444$4,889,184$3,296,338$13,284,428
88$18,463,073$5,079,942$3,357,954$14,497,872
89$20,295,957$5,278,510$3,420,096$15,831,100
90$22,314,210$5,485,221$3,482,733$17,296,216
91$24,536,688$5,700,426$3,545,834$18,906,556
92$26,984,171$5,924,488$3,609,360$20,676,813
93$29,679,557$6,157,788$3,673,274$22,623,174
94$32,648,077$6,400,725$3,737,534$24,763,473
95$35,917,534$6,653,713$3,802,094$27,117,362
96$39,518,565$6,917,188$3,866,907$29,706,491
97$43,484,930$7,191,602$3,931,921$32,554,715
98$47,853,833$7,477,430$3,997,079$35,688,317
99$52,666,266$7,775,167$4,062,324$39,136,259
100$57,967,405$8,085,330$4,127,592$42,930,450