Can I retire at age 65 with 2,050,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $2,050,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.1%
1 years$169,287$167,779$166,308$164,872$163,470$158,746
2 years$83,805$82,245$80,732$79,265$77,843$73,121
3 years$55,315$53,748$52,239$50,786$49,387$44,815
4 years$41,073$39,510$38,017$36,589$35,223$30,837
5 years$32,530$30,977$29,502$28,104$26,776$22,587
6 years$26,836$25,295$23,842$22,475$21,187$17,199
7 years$22,771$21,242$19,813$18,478$17,231$13,443
8 years$19,724$18,209$16,803$15,500$14,294$10,706
9 years$17,355$15,854$14,472$13,203$12,038$8,645
10 years$15,460$13,974$12,617$11,381$10,257$7,054
11 years$13,912$12,441$11,108$9,905$8,821$5,804
12 years$12,622$11,166$9,858$8,688$7,644$4,806
13 years$11,532$10,091$8,808$7,670$6,666$4,001
14 years$10,598$9,172$7,914$6,809$5,843$3,345
15 years$9,789$8,379$7,145$6,072$5,145$2,806
16 years$9,082$7,688$6,478$5,437$4,547$2,360
17 years$8,459$7,080$5,895$4,885$4,032$1,991
18 years$7,906$6,542$5,381$4,402$3,585$1,682
19 years$7,412$6,063$4,926$3,978$3,195$1,423
20 years$6,967$5,634$4,521$3,603$2,854$1,206
21 years$6,566$5,248$4,158$3,270$2,554$1,023
22 years$6,201$4,899$3,833$2,973$2,289$869
23 years$5,869$4,582$3,539$2,708$2,055$739
24 years$5,565$4,293$3,273$2,469$1,847$628
25 years$5,285$4,029$3,031$2,255$1,662$535
26 years$5,028$3,786$2,811$2,062$1,497$455
27 years$4,790$3,563$2,611$1,887$1,350$388
28 years$4,569$3,358$2,427$1,729$1,218$331
29 years$4,364$3,168$2,258$1,586$1,100$282
30 years$4,173$2,992$2,104$1,455$994$240
31 years$3,995$2,828$1,961$1,337$898$205
32 years$3,828$2,676$1,830$1,228$813$175
33 years$3,671$2,534$1,708$1,130$736$149
34 years$3,524$2,402$1,596$1,039$666$127
35 years$3,386$2,278$1,492$957$603$109
36 years$3,256$2,162$1,396$881$546$93
37 years$3,133$2,054$1,307$812$495$79
38 years$3,017$1,952$1,224$748$449$68
39 years$2,907$1,856$1,146$690$407$58
40 years$2,803$1,766$1,075$636$369$49
41 years$2,704$1,681$1,008$587$335$42
42 years$2,610$1,601$945$542$304$36
43 years$2,521$1,525$887$500$276$31
44 years$2,436$1,454$833$462$250$26
45 years$2,355$1,386$782$427$227$22
46 years$2,277$1,322$734$394$206$19
47 years$2,204$1,262$690$364$187$16
48 years$2,133$1,205$648$336$170$14
49 years$2,066$1,150$609$311$155$12
50 years$2,002$1,099$573$287$140$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $2,050,000, adding $2,144 every year, while hoping to spend $39,645 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: 24/47/29 Blend
64$2,050,000$2,050,000$2,050,000$2,050,000
65$2,261,312$2,152,662$2,120,887$2,294,933
66$2,449,783$2,215,960$2,149,754$2,387,181
67$2,656,151$2,281,031$2,178,260$2,482,463
68$2,882,197$2,347,921$2,206,351$2,583,723
69$3,129,886$2,416,674$2,233,968$2,691,488
70$3,401,381$2,487,337$2,261,053$2,806,333
71$3,699,064$2,559,959$2,287,541$2,928,894
72$4,025,559$2,634,588$2,313,364$3,059,868
73$4,383,756$2,711,273$2,338,452$3,200,023
74$4,776,839$2,790,065$2,362,730$3,350,203
75$5,208,313$2,871,015$2,386,118$3,511,337
76$5,682,041$2,954,174$2,408,533$3,684,448
77$6,202,277$3,039,597$2,429,887$3,870,659
78$6,773,709$3,127,336$2,450,087$4,071,211
79$7,401,498$3,217,447$2,469,036$4,287,466
80$8,091,334$3,309,985$2,486,631$4,520,925
81$8,849,481$3,405,006$2,502,765$4,773,241
82$9,682,844$3,502,567$2,517,324$5,046,233
83$10,599,028$3,602,726$2,530,187$5,341,907
84$11,606,411$3,705,541$2,541,231$5,662,470
85$12,714,224$3,811,073$2,550,322$6,010,352
86$13,932,640$3,919,380$2,557,322$6,388,233
87$15,272,863$4,030,524$2,562,086$6,799,062
88$16,747,241$4,144,565$2,564,462$7,246,088
89$18,369,376$4,261,565$2,564,288$7,732,894
90$20,154,257$4,381,587$2,561,397$8,263,422
91$22,118,400$4,504,692$2,555,611$8,842,019
92$24,279,999$4,630,945$2,546,747$9,473,474
93$26,659,106$4,760,408$2,534,610$10,163,062
94$29,277,812$4,893,145$2,518,996$10,916,597
95$32,160,459$5,029,220$2,499,693$11,740,484
96$35,333,870$5,168,696$2,476,477$12,641,782
97$38,827,600$5,311,637$2,449,115$13,628,270
98$42,674,216$5,458,108$2,417,360$14,708,519
99$46,909,601$5,608,170$2,380,957$15,891,973
100$51,573,298$5,761,888$2,339,636$17,189,043