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

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 $2,050,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$169,287$167,779$166,308$164,872$163,470$160,432
2 years$83,805$82,245$80,732$79,265$77,843$74,793
3 years$55,315$53,748$52,239$50,786$49,387$46,421
4 years$41,073$39,510$38,017$36,589$35,223$32,364
5 years$32,530$30,977$29,502$28,104$26,776$24,031
6 years$26,836$25,295$23,842$22,475$21,187$18,560
7 years$22,771$21,242$19,813$18,478$17,231$14,722
8 years$19,724$18,209$16,803$15,500$14,294$11,904
9 years$17,355$15,854$14,472$13,203$12,038$9,764
10 years$15,460$13,974$12,617$11,381$10,257$8,097
11 years$13,912$12,441$11,108$9,905$8,821$6,773
12 years$12,622$11,166$9,858$8,688$7,644$5,705
13 years$11,532$10,091$8,808$7,670$6,666$4,832
14 years$10,598$9,172$7,914$6,809$5,843$4,112
15 years$9,789$8,379$7,145$6,072$5,145$3,513
16 years$9,082$7,688$6,478$5,437$4,547$3,010
17 years$8,459$7,080$5,895$4,885$4,032$2,587
18 years$7,906$6,542$5,381$4,402$3,585$2,228
19 years$7,412$6,063$4,926$3,978$3,195$1,922
20 years$6,967$5,634$4,521$3,603$2,854$1,662
21 years$6,566$5,248$4,158$3,270$2,554$1,438
22 years$6,201$4,899$3,833$2,973$2,289$1,246
23 years$5,869$4,582$3,539$2,708$2,055$1,081
24 years$5,565$4,293$3,273$2,469$1,847$939
25 years$5,285$4,029$3,031$2,255$1,662$816
26 years$5,028$3,786$2,811$2,062$1,497$709
27 years$4,790$3,563$2,611$1,887$1,350$617
28 years$4,569$3,358$2,427$1,729$1,218$537
29 years$4,364$3,168$2,258$1,586$1,100$468
30 years$4,173$2,992$2,104$1,455$994$407
31 years$3,995$2,828$1,961$1,337$898$355
32 years$3,828$2,676$1,830$1,228$813$309
33 years$3,671$2,534$1,708$1,130$736$270
34 years$3,524$2,402$1,596$1,039$666$235
35 years$3,386$2,278$1,492$957$603$205
36 years$3,256$2,162$1,396$881$546$179
37 years$3,133$2,054$1,307$812$495$156
38 years$3,017$1,952$1,224$748$449$136
39 years$2,907$1,856$1,146$690$407$119
40 years$2,803$1,766$1,075$636$369$104
41 years$2,704$1,681$1,008$587$335$91
42 years$2,610$1,601$945$542$304$79
43 years$2,521$1,525$887$500$276$69
44 years$2,436$1,454$833$462$250$60
45 years$2,355$1,386$782$427$227$53
46 years$2,277$1,322$734$394$206$46
47 years$2,204$1,262$690$364$187$40
48 years$2,133$1,205$648$336$170$35
49 years$2,066$1,150$609$311$155$31
50 years$2,002$1,099$573$287$140$27

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 $3,644 every year, while hoping to spend $22,707 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: 60/14/26 Blend
64$2,050,000$2,050,000$2,050,000$2,050,000
65$2,262,859$2,154,209$2,122,434$2,382,600
66$2,469,510$2,235,605$2,169,375$2,545,949
67$2,696,479$2,320,228$2,217,128$2,721,339
68$2,945,814$2,408,214$2,265,696$2,912,231
69$3,219,771$2,499,700$2,315,081$3,120,140
70$3,520,837$2,594,834$2,365,285$3,346,730
71$3,851,749$2,693,769$2,416,309$3,593,836
72$4,215,526$2,796,662$2,468,154$3,863,476
73$4,615,492$2,903,680$2,520,819$4,157,872
74$5,055,309$3,014,997$2,574,303$4,479,471
75$5,539,011$3,130,793$2,628,603$4,830,966
76$6,071,045$3,251,256$2,683,716$5,215,325
77$6,656,309$3,376,585$2,739,638$5,635,814
78$7,300,199$3,506,985$2,796,363$6,096,029
79$8,008,662$3,642,669$2,853,883$6,599,932
80$8,788,249$3,783,864$2,912,192$7,151,887
81$9,646,179$3,930,802$2,971,279$7,756,697
82$10,590,406$4,083,728$3,031,134$8,419,655
83$11,629,694$4,242,897$3,091,744$9,146,591
84$12,773,701$4,408,577$3,153,094$9,943,924
85$14,033,066$4,581,044$3,215,171$10,818,727
86$15,419,514$4,760,591$3,277,954$11,778,791
87$16,945,965$4,947,521$3,341,426$12,832,697
88$18,626,654$5,142,150$3,405,565$13,989,898
89$20,477,268$5,344,810$3,470,346$15,260,810
90$22,515,091$5,555,848$3,535,745$16,656,904
91$24,759,170$5,775,624$3,601,732$18,190,820
92$27,230,493$6,004,517$3,668,278$19,876,482
93$29,952,186$6,242,921$3,735,348$21,729,231
94$32,949,733$6,491,249$3,802,906$23,765,968
95$36,251,217$6,749,931$3,870,915$26,005,313
96$39,887,582$7,019,418$3,939,331$28,467,781
97$43,892,925$7,300,180$4,008,109$31,175,977
98$48,304,824$7,592,709$4,077,201$34,154,803
99$53,164,683$7,897,519$4,146,554$37,431,700
100$58,518,130$8,215,147$4,216,112$41,036,899