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%12.7%
1 years$169,287$167,779$166,308$164,872$163,470$161,628
2 years$83,805$82,245$80,732$79,265$77,843$75,989
3 years$55,315$53,748$52,239$50,786$49,387$47,578
4 years$41,073$39,510$38,017$36,589$35,223$33,473
5 years$32,530$30,977$29,502$28,104$26,776$25,091
6 years$26,836$25,295$23,842$22,475$21,187$19,568
7 years$22,771$21,242$19,813$18,478$17,231$15,679
8 years$19,724$18,209$16,803$15,500$14,294$12,809
9 years$17,355$15,854$14,472$13,203$12,038$10,619
10 years$15,460$13,974$12,617$11,381$10,257$8,903
11 years$13,912$12,441$11,108$9,905$8,821$7,532
12 years$12,622$11,166$9,858$8,688$7,644$6,418
13 years$11,532$10,091$8,808$7,670$6,666$5,501
14 years$10,598$9,172$7,914$6,809$5,843$4,738
15 years$9,789$8,379$7,145$6,072$5,145$4,097
16 years$9,082$7,688$6,478$5,437$4,547$3,556
17 years$8,459$7,080$5,895$4,885$4,032$3,095
18 years$7,906$6,542$5,381$4,402$3,585$2,700
19 years$7,412$6,063$4,926$3,978$3,195$2,361
20 years$6,967$5,634$4,521$3,603$2,854$2,068
21 years$6,566$5,248$4,158$3,270$2,554$1,814
22 years$6,201$4,899$3,833$2,973$2,289$1,594
23 years$5,869$4,582$3,539$2,708$2,055$1,402
24 years$5,565$4,293$3,273$2,469$1,847$1,235
25 years$5,285$4,029$3,031$2,255$1,662$1,088
26 years$5,028$3,786$2,811$2,062$1,497$960
27 years$4,790$3,563$2,611$1,887$1,350$847
28 years$4,569$3,358$2,427$1,729$1,218$748
29 years$4,364$3,168$2,258$1,586$1,100$661
30 years$4,173$2,992$2,104$1,455$994$585
31 years$3,995$2,828$1,961$1,337$898$517
32 years$3,828$2,676$1,830$1,228$813$457
33 years$3,671$2,534$1,708$1,130$736$405
34 years$3,524$2,402$1,596$1,039$666$358
35 years$3,386$2,278$1,492$957$603$317
36 years$3,256$2,162$1,396$881$546$281
37 years$3,133$2,054$1,307$812$495$249
38 years$3,017$1,952$1,224$748$449$221
39 years$2,907$1,856$1,146$690$407$196
40 years$2,803$1,766$1,075$636$369$173
41 years$2,704$1,681$1,008$587$335$154
42 years$2,610$1,601$945$542$304$136
43 years$2,521$1,525$887$500$276$121
44 years$2,436$1,454$833$462$250$107
45 years$2,355$1,386$782$427$227$95
46 years$2,277$1,322$734$394$206$84
47 years$2,204$1,262$690$364$187$75
48 years$2,133$1,205$648$336$170$66
49 years$2,066$1,150$609$311$155$59
50 years$2,002$1,099$573$287$140$52

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 $5,844 every year, while hoping to spend $39,579 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: 50/34/16 Blend
64$2,050,000$2,050,000$2,050,000$2,050,000
65$2,265,128$2,156,478$2,124,703$2,368,116
66$2,454,059$2,220,034$2,153,769$2,503,206
67$2,660,935$2,285,377$2,182,482$2,645,345
68$2,887,544$2,352,554$2,210,788$2,798,946
69$3,135,856$2,421,611$2,238,632$2,965,103
70$3,408,039$2,492,596$2,265,952$3,145,018
71$3,706,483$2,565,558$2,292,686$3,340,014
72$4,033,820$2,640,546$2,318,766$3,551,547
73$4,392,947$2,717,610$2,344,123$3,781,221
74$4,787,057$2,796,802$2,368,680$4,030,802
75$5,219,666$2,878,175$2,392,360$4,302,232
76$5,694,648$2,961,781$2,415,080$4,597,651
77$6,216,269$3,047,675$2,436,752$4,919,415
78$6,789,230$3,135,912$2,457,284$5,270,118
79$7,418,707$3,226,549$2,476,580$5,652,618
80$8,110,407$3,319,641$2,494,536$6,070,061
81$8,870,611$3,415,246$2,511,047$6,525,912
82$9,706,245$3,513,425$2,525,998$7,023,989
83$10,624,934$3,614,235$2,539,271$7,568,495
84$11,635,082$3,717,737$2,550,741$8,164,063
85$12,745,947$3,823,993$2,560,278$8,815,793
86$13,967,729$3,933,063$2,567,742$9,529,305
87$15,311,666$4,045,012$2,572,990$10,310,790
88$16,790,140$4,159,902$2,575,870$11,167,068
89$18,416,795$4,277,797$2,576,221$12,105,652
90$20,206,661$4,398,762$2,573,878$13,134,822
91$22,176,300$4,522,862$2,568,663$14,263,697
92$24,343,963$4,650,162$2,560,393$15,502,325
93$26,729,756$4,780,729$2,548,876$16,861,777
94$29,355,836$4,914,630$2,533,907$18,354,252
95$32,246,614$5,051,930$2,515,276$19,993,191
96$35,428,991$5,192,696$2,492,760$21,793,401
97$38,932,608$5,336,997$2,466,127$23,771,201
98$42,790,123$5,484,900$2,435,132$25,944,571
99$47,037,526$5,636,471$2,399,519$28,333,322
100$51,714,473$5,791,777$2,359,022$30,959,284