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

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 $2,060,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.8%
1 years$170,113$168,598$167,119$165,676$164,267$161,679
2 years$84,214$82,646$81,126$79,652$78,223$75,622
3 years$55,585$54,010$52,494$51,034$49,628$47,095
4 years$41,273$39,703$38,202$36,767$35,395$32,950
5 years$32,689$31,128$29,646$28,241$26,907$24,557
6 years$26,967$25,418$23,959$22,584$21,290$19,038
7 years$22,882$21,346$19,910$18,568$17,315$15,160
8 years$19,820$18,298$16,885$15,576$14,364$12,308
9 years$17,439$15,931$14,543$13,267$12,097$10,137
10 years$15,536$14,043$12,679$11,437$10,307$8,443
11 years$13,980$12,501$11,162$9,953$8,864$7,093
12 years$12,684$11,221$9,906$8,730$7,682$6,002
13 years$11,588$10,140$8,851$7,708$6,699$5,107
14 years$10,649$9,217$7,952$6,842$5,872$4,367
15 years$9,837$8,420$7,180$6,102$5,170$3,748
16 years$9,127$7,725$6,510$5,463$4,569$3,228
17 years$8,501$7,115$5,924$4,909$4,052$2,788
18 years$7,945$6,574$5,407$4,424$3,602$2,413
19 years$7,448$6,093$4,950$3,997$3,211$2,093
20 years$7,001$5,662$4,543$3,620$2,868$1,819
21 years$6,598$5,274$4,179$3,286$2,567$1,582
22 years$6,231$4,923$3,851$2,987$2,301$1,379
23 years$5,897$4,604$3,556$2,721$2,065$1,202
24 years$5,592$4,314$3,289$2,481$1,856$1,050
25 years$5,311$4,048$3,046$2,266$1,670$917
26 years$5,052$3,805$2,825$2,072$1,505$802
27 years$4,813$3,581$2,623$1,897$1,356$702
28 years$4,591$3,374$2,439$1,738$1,224$614
29 years$4,385$3,183$2,269$1,594$1,105$538
30 years$4,193$3,006$2,114$1,462$999$471
31 years$4,014$2,842$1,971$1,343$903$413
32 years$3,846$2,689$1,839$1,234$817$362
33 years$3,689$2,546$1,717$1,135$739$318
34 years$3,542$2,413$1,604$1,044$669$279
35 years$3,403$2,289$1,500$961$606$245
36 years$3,272$2,173$1,403$885$549$215
37 years$3,148$2,064$1,313$816$498$188
38 years$3,032$1,961$1,230$752$451$165
39 years$2,921$1,865$1,152$693$409$145
40 years$2,816$1,774$1,080$640$371$127
41 years$2,717$1,689$1,013$590$337$112
42 years$2,623$1,608$950$545$306$98
43 years$2,533$1,533$891$503$277$86
44 years$2,448$1,461$837$464$252$76
45 years$2,366$1,393$786$429$228$67
46 years$2,289$1,329$738$396$207$58
47 years$2,215$1,268$693$366$188$51
48 years$2,144$1,211$651$338$171$45
49 years$2,076$1,156$612$312$155$40
50 years$2,011$1,104$576$289$141$35

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 $5,335 every year, while hoping to spend $20,953 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: 45/49/6 Blend
64$2,060,000$2,060,000$2,060,000$2,060,000
65$2,275,623$2,166,443$2,134,513$2,374,020
66$2,485,443$2,250,305$2,183,725$2,526,226
67$2,715,962$2,337,574$2,233,884$2,688,559
68$2,969,269$2,428,394$2,284,999$2,864,079
69$3,247,667$2,522,918$2,337,079$3,054,005
70$3,553,691$2,621,303$2,390,132$3,259,678
71$3,890,134$2,723,713$2,444,168$3,482,568
72$4,260,074$2,830,322$2,499,195$3,724,291
73$4,666,903$2,941,308$2,555,218$3,986,620
74$5,114,355$3,056,860$2,612,246$4,271,506
75$5,606,547$3,177,175$2,670,285$4,581,090
76$6,148,015$3,302,456$2,729,339$4,917,729
77$6,743,754$3,432,918$2,789,414$5,284,009
78$7,399,272$3,568,786$2,850,514$5,682,777
79$8,120,633$3,710,292$2,912,641$6,117,161
80$8,914,522$3,857,681$2,975,799$6,590,602
81$9,788,304$4,011,207$3,039,989$7,106,883
82$10,750,093$4,171,139$3,105,211$7,670,166
83$11,808,831$4,337,753$3,171,464$8,285,027
84$12,974,371$4,511,342$3,238,747$8,956,502
85$14,257,568$4,692,209$3,307,057$9,690,132
86$15,670,386$4,880,673$3,376,389$10,492,010
87$17,226,005$5,077,066$3,446,738$11,368,846
88$18,938,950$5,281,736$3,518,097$12,328,020
89$20,825,227$5,495,044$3,590,456$13,377,654
90$22,902,471$5,717,372$3,663,807$14,526,689
91$25,190,115$5,949,115$3,738,137$15,784,966
92$27,709,574$6,190,689$3,813,432$17,163,316
93$30,484,445$6,442,528$3,889,676$18,673,663
94$33,540,730$6,705,083$3,966,852$20,329,133
95$36,907,083$6,978,831$4,044,940$22,144,180
96$40,615,078$7,264,266$4,123,918$24,134,712
97$44,699,507$7,561,907$4,203,761$26,318,250
98$49,198,712$7,872,295$4,284,442$28,714,084
99$54,154,941$8,195,998$4,365,931$31,343,453
100$59,614,751$8,533,608$4,448,196$34,229,750