Can I retire at age 65 with 2,060,000?

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 $2,060,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.7%
1 years$170,113$168,598$167,119$165,676$164,267$158,502
2 years$84,214$82,646$81,126$79,652$78,223$72,475
3 years$55,585$54,010$52,494$51,034$49,628$44,078
4 years$41,273$39,703$38,202$36,767$35,395$30,085
5 years$32,689$31,128$29,646$28,241$26,907$21,851
6 years$26,967$25,418$23,959$22,584$21,290$16,493
7 years$22,882$21,346$19,910$18,568$17,315$12,775
8 years$19,820$18,298$16,885$15,576$14,364$10,078
9 years$17,439$15,931$14,543$13,267$12,097$8,059
10 years$15,536$14,043$12,679$11,437$10,307$6,510
11 years$13,980$12,501$11,162$9,953$8,864$5,301
12 years$12,684$11,221$9,906$8,730$7,682$4,344
13 years$11,588$10,140$8,851$7,708$6,699$3,577
14 years$10,649$9,217$7,952$6,842$5,872$2,957
15 years$9,837$8,420$7,180$6,102$5,170$2,453
16 years$9,127$7,725$6,510$5,463$4,569$2,040
17 years$8,501$7,115$5,924$4,909$4,052$1,700
18 years$7,945$6,574$5,407$4,424$3,602$1,419
19 years$7,448$6,093$4,950$3,997$3,211$1,187
20 years$7,001$5,662$4,543$3,620$2,868$994
21 years$6,598$5,274$4,179$3,286$2,567$833
22 years$6,231$4,923$3,851$2,987$2,301$698
23 years$5,897$4,604$3,556$2,721$2,065$586
24 years$5,592$4,314$3,289$2,481$1,856$492
25 years$5,311$4,048$3,046$2,266$1,670$414
26 years$5,052$3,805$2,825$2,072$1,505$348
27 years$4,813$3,581$2,623$1,897$1,356$292
28 years$4,591$3,374$2,439$1,738$1,224$246
29 years$4,385$3,183$2,269$1,594$1,105$207
30 years$4,193$3,006$2,114$1,462$999$174
31 years$4,014$2,842$1,971$1,343$903$147
32 years$3,846$2,689$1,839$1,234$817$123
33 years$3,689$2,546$1,717$1,135$739$104
34 years$3,542$2,413$1,604$1,044$669$87
35 years$3,403$2,289$1,500$961$606$74
36 years$3,272$2,173$1,403$885$549$62
37 years$3,148$2,064$1,313$816$498$52
38 years$3,032$1,961$1,230$752$451$44
39 years$2,921$1,865$1,152$693$409$37
40 years$2,816$1,774$1,080$640$371$31
41 years$2,717$1,689$1,013$590$337$26
42 years$2,623$1,608$950$545$306$22
43 years$2,533$1,533$891$503$277$19
44 years$2,448$1,461$837$464$252$16
45 years$2,366$1,393$786$429$228$13
46 years$2,289$1,329$738$396$207$11
47 years$2,215$1,268$693$366$188$9
48 years$2,144$1,211$651$338$171$8
49 years$2,076$1,156$612$312$155$7
50 years$2,011$1,104$576$289$141$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $2,060,000, adding $5,109 every year, while hoping to spend $31,148 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: 48/42/10 Blend
64$2,060,000$2,060,000$2,060,000$2,060,000
65$2,275,390$2,166,210$2,134,280$2,378,173
66$2,474,338$2,239,213$2,172,637$2,522,336
67$2,692,536$2,314,749$2,211,235$2,675,099
68$2,931,912$2,392,910$2,250,050$2,840,246
69$3,194,595$2,473,790$2,289,054$3,018,940
70$3,482,925$2,557,487$2,328,218$3,212,462
71$3,799,483$2,644,103$2,367,513$3,422,217
72$4,147,111$2,733,745$2,406,906$3,649,753
73$4,528,939$2,826,522$2,446,360$3,896,769
74$4,948,417$2,922,547$2,485,839$4,165,138
75$5,409,344$3,021,940$2,525,303$4,456,916
76$5,915,905$3,124,824$2,564,709$4,774,368
77$6,472,712$3,231,324$2,604,011$5,119,985
78$7,084,844$3,341,575$2,643,161$5,496,506
79$7,757,900$3,455,714$2,682,109$5,906,949
80$8,498,045$3,573,883$2,720,799$6,354,631
81$9,312,073$3,696,231$2,759,173$6,843,207
82$10,207,470$3,822,912$2,797,170$7,376,697
83$11,192,482$3,954,085$2,834,726$7,959,528
84$12,276,197$4,089,917$2,871,771$8,596,572
85$13,468,627$4,230,580$2,908,233$9,293,194
86$14,780,802$4,376,254$2,944,034$10,055,301
87$16,224,879$4,527,125$2,979,094$10,889,395
88$17,814,248$4,683,386$3,013,326$11,802,637
89$19,563,668$4,845,239$3,046,639$12,802,913
90$21,489,398$5,012,892$3,078,937$13,898,905
91$23,609,356$5,186,562$3,110,120$15,100,176
92$25,943,282$5,366,475$3,140,081$16,417,258
93$28,512,930$5,552,866$3,168,707$17,861,748
94$31,342,271$5,745,978$3,195,881$19,446,422
95$34,457,717$5,946,065$3,221,477$21,185,349
96$37,888,372$6,153,390$3,245,364$23,094,027
97$41,666,306$6,368,227$3,267,405$25,189,527
98$45,826,860$6,590,861$3,287,453$27,490,653
99$50,408,974$6,821,587$3,305,357$30,018,117
100$55,455,558$7,060,714$3,320,955$32,794,736