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%14.8%
1 years$168,461$166,961$165,497$164,068$162,672$159,453
2 years$83,397$81,843$80,338$78,879$77,463$74,233
3 years$55,046$53,486$51,984$50,538$49,146$46,006
4 years$40,873$39,318$37,831$36,410$35,051$32,026
5 years$32,371$30,825$29,359$27,966$26,645$23,743
6 years$26,705$25,171$23,726$22,365$21,084$18,308
7 years$22,660$21,139$19,716$18,387$17,147$14,497
8 years$19,627$18,120$16,721$15,425$14,225$11,702
9 years$17,270$15,777$14,402$13,138$11,979$9,581
10 years$15,385$13,906$12,556$11,326$10,207$7,930
11 years$13,844$12,380$11,054$9,857$8,778$6,621
12 years$12,560$11,112$9,810$8,646$7,607$5,566
13 years$11,475$10,042$8,765$7,633$6,634$4,706
14 years$10,546$9,128$7,875$6,775$5,815$3,996
15 years$9,741$8,338$7,110$6,043$5,120$3,407
16 years$9,038$7,650$6,446$5,410$4,525$2,913
17 years$8,418$7,045$5,866$4,861$4,012$2,498
18 years$7,867$6,510$5,355$4,381$3,567$2,147
19 years$7,376$6,034$4,902$3,959$3,180$1,848
20 years$6,933$5,607$4,499$3,585$2,840$1,594
21 years$6,534$5,223$4,138$3,254$2,542$1,376
22 years$6,171$4,875$3,814$2,958$2,278$1,190
23 years$5,840$4,560$3,522$2,694$2,045$1,030
24 years$5,538$4,272$3,257$2,457$1,838$892
25 years$5,259$4,009$3,016$2,244$1,654$773
26 years$5,003$3,768$2,798$2,052$1,490$671
27 years$4,766$3,546$2,598$1,878$1,343$582
28 years$4,547$3,341$2,415$1,721$1,212$506
29 years$4,343$3,152$2,247$1,578$1,094$439
30 years$4,153$2,977$2,093$1,448$989$382
31 years$3,975$2,814$1,952$1,330$894$332
32 years$3,809$2,663$1,821$1,222$809$288
33 years$3,653$2,522$1,700$1,124$732$251
34 years$3,507$2,390$1,589$1,034$663$218
35 years$3,370$2,267$1,485$952$600$190
36 years$3,240$2,152$1,389$877$544$165
37 years$3,118$2,044$1,300$808$493$144
38 years$3,002$1,942$1,218$745$447$125
39 years$2,893$1,847$1,141$687$405$109
40 years$2,789$1,757$1,069$633$368$95
41 years$2,691$1,673$1,003$584$333$83
42 years$2,597$1,593$941$539$303$72
43 years$2,508$1,518$883$498$275$63
44 years$2,424$1,447$828$460$249$55
45 years$2,343$1,380$778$424$226$47
46 years$2,266$1,316$731$392$205$41
47 years$2,193$1,256$686$362$187$36
48 years$2,123$1,199$645$335$169$31
49 years$2,056$1,145$606$309$154$27
50 years$1,992$1,094$570$286$140$24

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 $5,895 every year, while hoping to spend $51,523 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: 75/18/7 Blend
64$2,040,000$2,040,000$2,040,000$2,040,000
65$2,254,161$2,146,041$2,114,421$2,420,714
66$2,429,265$2,196,377$2,130,434$2,581,439
67$2,620,503$2,247,452$2,145,256$2,750,366
68$2,829,466$2,299,249$2,158,794$2,933,989
69$3,057,906$2,351,747$2,170,948$3,133,748
70$3,307,752$2,404,922$2,181,615$3,351,224
71$3,581,127$2,458,747$2,190,683$3,588,159
72$3,880,370$2,513,194$2,198,039$3,846,473
73$4,208,056$2,568,228$2,203,561$4,128,279
74$4,567,020$2,623,814$2,207,123$4,435,904
75$4,960,385$2,679,910$2,208,591$4,771,913
76$5,391,591$2,736,472$2,207,825$5,139,129
77$5,864,425$2,793,451$2,204,679$5,540,664
78$6,383,059$2,850,793$2,198,998$5,979,944
79$6,952,088$2,908,439$2,190,622$6,460,745
80$7,576,575$2,966,326$2,179,381$6,987,227
81$8,262,092$3,024,383$2,165,097$7,563,970
82$9,014,783$3,082,535$2,147,586$8,196,023
83$9,841,412$3,140,700$2,126,651$8,888,949
84$10,749,432$3,198,790$2,102,089$9,648,876
85$11,747,052$3,256,709$2,073,687$10,482,554
86$12,843,316$3,314,352$2,041,220$11,397,425
87$14,048,188$3,371,609$2,004,455$12,401,685
88$15,372,645$3,428,360$1,963,146$13,504,366
89$16,828,780$3,484,475$1,917,037$14,715,421
90$18,429,917$3,539,815$1,865,858$16,045,816
91$20,190,734$3,594,232$1,809,331$17,507,636
92$22,127,406$3,647,566$1,747,160$19,114,197
93$24,257,750$3,699,646$1,679,039$20,880,171
94$26,601,400$3,750,288$1,604,646$22,821,727
95$29,179,987$3,799,297$1,523,646$24,956,684
96$32,017,345$3,846,462$1,435,688$27,304,675
97$35,139,735$3,891,559$1,340,404$29,887,336
98$38,576,093$3,934,350$1,237,412$32,728,511
99$42,358,300$3,974,579$1,126,311$35,854,472
100$46,521,487$4,011,974$1,006,683$39,294,173