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%19.1%
1 years$170,113$168,598$167,119$165,676$164,267$158,250
2 years$84,214$82,646$81,126$79,652$78,223$72,227
3 years$55,585$54,010$52,494$51,034$49,628$43,843
4 years$41,273$39,703$38,202$36,767$35,395$29,865
5 years$32,689$31,128$29,646$28,241$26,907$21,646
6 years$26,967$25,418$23,959$22,584$21,290$16,302
7 years$22,882$21,346$19,910$18,568$17,315$12,598
8 years$19,820$18,298$16,885$15,576$14,364$9,915
9 years$17,439$15,931$14,543$13,267$12,097$7,909
10 years$15,536$14,043$12,679$11,437$10,307$6,373
11 years$13,980$12,501$11,162$9,953$8,864$5,176
12 years$12,684$11,221$9,906$8,730$7,682$4,230
13 years$11,588$10,140$8,851$7,708$6,699$3,474
14 years$10,649$9,217$7,952$6,842$5,872$2,864
15 years$9,837$8,420$7,180$6,102$5,170$2,368
16 years$9,127$7,725$6,510$5,463$4,569$1,964
17 years$8,501$7,115$5,924$4,909$4,052$1,632
18 years$7,945$6,574$5,407$4,424$3,602$1,358
19 years$7,448$6,093$4,950$3,997$3,211$1,132
20 years$7,001$5,662$4,543$3,620$2,868$945
21 years$6,598$5,274$4,179$3,286$2,567$790
22 years$6,231$4,923$3,851$2,987$2,301$660
23 years$5,897$4,604$3,556$2,721$2,065$552
24 years$5,592$4,314$3,289$2,481$1,856$462
25 years$5,311$4,048$3,046$2,266$1,670$387
26 years$5,052$3,805$2,825$2,072$1,505$325
27 years$4,813$3,581$2,623$1,897$1,356$272
28 years$4,591$3,374$2,439$1,738$1,224$228
29 years$4,385$3,183$2,269$1,594$1,105$191
30 years$4,193$3,006$2,114$1,462$999$160
31 years$4,014$2,842$1,971$1,343$903$135
32 years$3,846$2,689$1,839$1,234$817$113
33 years$3,689$2,546$1,717$1,135$739$95
34 years$3,542$2,413$1,604$1,044$669$80
35 years$3,403$2,289$1,500$961$606$67
36 years$3,272$2,173$1,403$885$549$56
37 years$3,148$2,064$1,313$816$498$47
38 years$3,032$1,961$1,230$752$451$39
39 years$2,921$1,865$1,152$693$409$33
40 years$2,816$1,774$1,080$640$371$28
41 years$2,717$1,689$1,013$590$337$23
42 years$2,623$1,608$950$545$306$20
43 years$2,533$1,533$891$503$277$16
44 years$2,448$1,461$837$464$252$14
45 years$2,366$1,393$786$429$228$12
46 years$2,289$1,329$738$396$207$10
47 years$2,215$1,268$693$366$188$8
48 years$2,144$1,211$651$338$171$7
49 years$2,076$1,156$612$312$155$6
50 years$2,011$1,104$576$289$141$5

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 $5,055 every year, while hoping to spend $52,908 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: 56/19/25 Blend
64$2,060,000$2,060,000$2,060,000$2,060,000
65$2,275,334$2,166,154$2,134,224$2,386,931
66$2,451,125$2,216,002$2,149,427$2,513,879
67$2,643,072$2,266,519$2,163,366$2,646,136
68$2,852,770$2,317,683$2,175,943$2,789,128
69$3,081,969$2,369,466$2,187,054$2,943,905
70$3,332,601$2,421,841$2,196,591$3,111,624
71$3,606,790$2,474,775$2,204,441$3,293,560
72$3,906,876$2,528,232$2,210,482$3,491,119
73$4,235,434$2,582,172$2,214,590$3,705,851
74$4,595,302$2,636,552$2,216,633$3,939,464
75$4,989,604$2,691,325$2,216,471$4,193,840
76$5,421,781$2,746,436$2,213,960$4,471,056
77$5,895,621$2,801,831$2,208,947$4,773,398
78$6,415,299$2,857,445$2,201,271$5,103,390
79$6,985,412$2,913,212$2,190,766$5,463,811
80$7,611,022$2,969,058$2,177,254$5,857,726
81$8,297,707$3,024,902$2,160,553$6,288,513
82$9,051,610$3,080,659$2,140,469$6,759,896
83$9,879,499$3,136,236$2,116,799$7,275,982
84$10,788,828$3,191,532$2,089,332$7,841,296
85$11,787,810$3,246,438$2,057,846$8,460,828
86$12,885,491$3,300,838$2,022,108$9,140,077
87$14,091,838$3,354,607$1,981,876$9,885,106
88$15,417,832$3,407,609$1,936,895$10,702,600
89$16,875,569$3,459,700$1,886,899$11,599,925
90$18,478,376$3,510,724$1,831,610$12,585,204
91$20,240,937$3,560,516$1,770,735$13,667,391
92$22,179,428$3,608,897$1,703,971$14,856,353
93$24,311,675$3,655,678$1,630,998$16,162,972
94$26,657,313$3,700,653$1,551,484$17,599,238
95$29,237,981$3,743,607$1,465,081$19,178,373
96$32,077,518$3,784,307$1,371,424$20,914,947
97$35,202,191$3,822,505$1,270,133$22,825,024
98$38,640,944$3,857,936$1,160,812$24,926,310
99$42,425,665$3,890,320$1,043,044$27,238,321
100$46,591,493$3,919,356$916,396$29,782,571