Can I retire at age 65 with 2,070,000?

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 $2,070,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$170,939$169,416$167,930$166,481$165,065$164,024
2 years$84,623$83,047$81,520$80,039$78,602$77,553
3 years$55,855$54,272$52,749$51,282$49,868$48,843
4 years$41,474$39,896$38,387$36,945$35,567$34,572
5 years$32,847$31,279$29,790$28,378$27,037$26,077
6 years$27,098$25,541$24,075$22,694$21,394$20,469
7 years$22,993$21,450$20,006$18,658$17,399$16,510
8 years$19,916$18,386$16,967$15,652$14,434$13,581
9 years$17,524$16,009$14,614$13,332$12,155$11,338
10 years$15,611$14,111$12,741$11,492$10,357$9,575
11 years$14,047$12,562$11,217$10,002$8,907$8,160
12 years$12,745$11,275$9,954$8,773$7,719$7,006
13 years$11,644$10,189$8,894$7,745$6,731$6,052
14 years$10,701$9,262$7,991$6,875$5,900$5,254
15 years$9,885$8,461$7,215$6,131$5,195$4,580
16 years$9,171$7,763$6,541$5,490$4,592$4,008
17 years$8,542$7,149$5,952$4,933$4,071$3,517
18 years$7,983$6,606$5,434$4,445$3,620$3,095
19 years$7,484$6,122$4,974$4,017$3,226$2,729
20 years$7,035$5,689$4,565$3,638$2,882$2,412
21 years$6,630$5,299$4,199$3,302$2,579$2,135
22 years$6,262$4,947$3,870$3,002$2,312$1,893
23 years$5,926$4,627$3,573$2,734$2,075$1,680
24 years$5,619$4,335$3,305$2,494$1,865$1,493
25 years$5,337$4,068$3,061$2,277$1,678$1,328
26 years$5,077$3,823$2,839$2,082$1,512$1,183
27 years$4,836$3,598$2,636$1,906$1,363$1,054
28 years$4,614$3,391$2,451$1,746$1,230$940
29 years$4,407$3,199$2,280$1,601$1,111$839
30 years$4,214$3,021$2,124$1,470$1,003$749
31 years$4,034$2,856$1,980$1,350$907$669
32 years$3,865$2,702$1,848$1,240$821$598
33 years$3,707$2,559$1,725$1,141$743$534
34 years$3,559$2,425$1,612$1,050$672$478
35 years$3,419$2,300$1,507$966$609$427
36 years$3,288$2,183$1,410$890$552$382
37 years$3,164$2,074$1,320$820$500$342
38 years$3,046$1,971$1,236$756$453$306
39 years$2,935$1,874$1,158$697$411$274
40 years$2,830$1,783$1,085$643$373$246
41 years$2,730$1,697$1,017$593$338$220
42 years$2,635$1,616$954$547$307$197
43 years$2,545$1,540$896$505$279$177
44 years$2,459$1,468$841$466$253$158
45 years$2,378$1,400$789$431$230$142
46 years$2,300$1,335$741$398$208$127
47 years$2,225$1,274$697$368$189$114
48 years$2,154$1,217$655$340$172$102
49 years$2,086$1,162$615$314$156$91
50 years$2,021$1,110$578$290$142$82

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $2,070,000, adding $4,216 every year, while hoping to spend $33,700 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: 56/22/22 Blend
64$2,070,000$2,070,000$2,070,000$2,070,000
65$2,285,489$2,175,779$2,143,694$2,399,631
66$2,482,752$2,246,535$2,179,651$2,548,898
67$2,699,007$2,319,630$2,215,683$2,707,499
68$2,936,154$2,395,140$2,251,758$2,879,564
69$3,196,289$2,473,149$2,287,839$3,066,395
70$3,481,718$2,553,741$2,323,889$3,269,428
71$3,794,983$2,637,004$2,359,868$3,490,242
72$4,138,881$2,723,027$2,395,733$3,730,575
73$4,516,496$2,811,904$2,431,440$3,992,341
74$4,931,225$2,903,734$2,466,939$4,277,648
75$5,386,808$2,998,615$2,502,180$4,588,816
76$5,887,368$3,096,653$2,537,109$4,928,401
77$6,437,445$3,197,954$2,571,667$5,299,216
78$7,042,041$3,302,631$2,605,795$5,704,361
79$7,706,667$3,410,797$2,639,427$6,147,248
80$8,437,394$3,522,574$2,672,495$6,631,636
81$9,240,912$3,638,084$2,704,927$7,161,666
82$10,124,591$3,757,455$2,736,648$7,741,897
83$11,096,549$3,880,821$2,767,575$8,377,354
84$12,165,734$4,008,317$2,797,626$9,073,570
85$13,342,001$4,140,087$2,826,709$9,836,639
86$14,636,212$4,276,278$2,854,730$10,673,277
87$16,060,332$4,417,042$2,881,590$11,590,881
88$17,627,545$4,562,537$2,907,183$12,597,599
89$19,352,380$4,712,927$2,931,399$13,702,410
90$21,250,843$4,868,381$2,954,121$14,915,205
91$23,340,572$5,029,074$2,975,227$16,246,881
92$25,641,001$5,195,189$2,994,587$17,709,444
93$28,173,543$5,366,914$3,012,067$19,316,122
94$30,961,796$5,544,443$3,027,522$21,081,489
95$34,031,758$5,727,980$3,040,803$23,021,604
96$37,412,081$5,917,734$3,051,753$25,154,158
97$41,134,332$6,113,923$3,060,206$27,498,648
98$45,233,299$6,316,770$3,065,988$30,076,552
99$49,747,313$6,526,509$3,068,916$32,911,540
100$54,718,614$6,743,383$3,068,799$36,029,689