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%15.2%
1 years$170,113$168,598$167,119$165,676$164,267$160,754
2 years$84,214$82,646$81,126$79,652$78,223$74,700
3 years$55,585$54,010$52,494$51,034$49,628$46,205
4 years$41,273$39,703$38,202$36,767$35,395$32,100
5 years$32,689$31,128$29,646$28,241$26,907$23,748
6 years$26,967$25,418$23,959$22,584$21,290$18,272
7 years$22,882$21,346$19,910$18,568$17,315$14,436
8 years$19,820$18,298$16,885$15,576$14,364$11,625
9 years$17,439$15,931$14,543$13,267$12,097$9,495
10 years$15,536$14,043$12,679$11,437$10,307$7,840
11 years$13,980$12,501$11,162$9,953$8,864$6,530
12 years$12,684$11,221$9,906$8,730$7,682$5,475
13 years$11,588$10,140$8,851$7,708$6,699$4,616
14 years$10,649$9,217$7,952$6,842$5,872$3,910
15 years$9,837$8,420$7,180$6,102$5,170$3,324
16 years$9,127$7,725$6,510$5,463$4,569$2,834
17 years$8,501$7,115$5,924$4,909$4,052$2,423
18 years$7,945$6,574$5,407$4,424$3,602$2,076
19 years$7,448$6,093$4,950$3,997$3,211$1,782
20 years$7,001$5,662$4,543$3,620$2,868$1,532
21 years$6,598$5,274$4,179$3,286$2,567$1,319
22 years$6,231$4,923$3,851$2,987$2,301$1,137
23 years$5,897$4,604$3,556$2,721$2,065$981
24 years$5,592$4,314$3,289$2,481$1,856$847
25 years$5,311$4,048$3,046$2,266$1,670$732
26 years$5,052$3,805$2,825$2,072$1,505$633
27 years$4,813$3,581$2,623$1,897$1,356$548
28 years$4,591$3,374$2,439$1,738$1,224$474
29 years$4,385$3,183$2,269$1,594$1,105$410
30 years$4,193$3,006$2,114$1,462$999$355
31 years$4,014$2,842$1,971$1,343$903$308
32 years$3,846$2,689$1,839$1,234$817$267
33 years$3,689$2,546$1,717$1,135$739$231
34 years$3,542$2,413$1,604$1,044$669$201
35 years$3,403$2,289$1,500$961$606$174
36 years$3,272$2,173$1,403$885$549$151
37 years$3,148$2,064$1,313$816$498$131
38 years$3,032$1,961$1,230$752$451$113
39 years$2,921$1,865$1,152$693$409$98
40 years$2,816$1,774$1,080$640$371$85
41 years$2,717$1,689$1,013$590$337$74
42 years$2,623$1,608$950$545$306$64
43 years$2,533$1,533$891$503$277$56
44 years$2,448$1,461$837$464$252$48
45 years$2,366$1,393$786$429$228$42
46 years$2,289$1,329$738$396$207$36
47 years$2,215$1,268$693$366$188$32
48 years$2,144$1,211$651$338$171$27
49 years$2,076$1,156$612$312$155$24
50 years$2,011$1,104$576$289$141$21

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 $4,930 every year, while hoping to spend $26,131 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: 65/27/8 Blend
64$2,060,000$2,060,000$2,060,000$2,060,000
65$2,275,205$2,166,025$2,134,095$2,419,242
66$2,479,473$2,244,357$2,177,784$2,594,061
67$2,703,700$2,325,652$2,222,061$2,781,433
68$2,949,895$2,410,026$2,266,918$2,985,463
69$3,220,271$2,497,604$2,312,345$3,207,769
70$3,517,263$2,588,511$2,358,333$3,450,134
71$3,843,557$2,682,881$2,404,871$3,714,516
72$4,202,110$2,780,852$2,451,944$4,003,072
73$4,596,180$2,882,570$2,499,540$4,318,176
74$5,029,358$2,988,183$2,547,642$4,662,441
75$5,505,598$3,097,849$2,596,233$5,038,741
76$6,029,256$3,211,730$2,645,294$5,450,244
77$6,605,133$3,329,998$2,694,804$5,900,433
78$7,238,517$3,452,829$2,744,741$6,393,146
79$7,935,236$3,580,408$2,795,080$6,932,607
80$8,701,710$3,712,928$2,845,795$7,523,466
81$9,545,012$3,850,589$2,896,856$8,170,846
82$10,472,936$3,993,600$2,948,234$8,880,386
83$11,494,070$4,142,181$2,999,895$9,658,296
84$12,617,876$4,296,559$3,051,802$10,511,416
85$13,854,780$4,456,971$3,103,917$11,447,279
86$15,216,268$4,623,663$3,156,200$12,474,178
87$16,715,001$4,796,896$3,208,605$13,601,251
88$18,364,924$4,976,937$3,261,087$14,838,561
89$20,181,406$5,164,067$3,313,593$16,197,192
90$22,181,383$5,358,579$3,366,072$17,689,353
91$24,383,513$5,560,779$3,418,465$19,328,492
92$26,808,359$5,770,985$3,470,711$21,129,422
93$29,478,578$5,989,529$3,522,746$23,108,461
94$32,419,136$6,216,759$3,574,501$25,283,586
95$35,657,543$6,453,036$3,625,902$27,674,600
96$39,224,116$6,698,738$3,676,873$30,303,317
97$43,152,258$6,954,258$3,727,330$33,193,771
98$47,478,780$7,220,008$3,777,187$36,372,437
99$52,244,244$7,496,418$3,826,352$39,868,486
100$57,493,348$7,783,934$3,874,726$43,714,052