Can I retire at age 65 with 2,080,000?

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 $2,080,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.3%
1 years$171,764$170,234$168,742$167,285$165,862$160,940
2 years$85,032$83,448$81,913$80,425$78,982$74,063
3 years$56,125$54,534$53,003$51,529$50,109$45,349
4 years$41,674$40,089$38,573$37,124$35,738$31,172
5 years$33,006$31,430$29,934$28,515$27,168$22,809
6 years$27,229$25,665$24,191$22,803$21,497$17,349
7 years$23,104$21,553$20,103$18,748$17,483$13,545
8 years$20,012$18,475$17,049$15,727$14,504$10,774
9 years$17,609$16,086$14,684$13,396$12,214$8,689
10 years$15,687$14,179$12,802$11,548$10,407$7,082
11 years$14,115$12,623$11,271$10,050$8,950$5,819
12 years$12,807$11,329$10,003$8,815$7,756$4,813
13 years$11,700$10,239$8,937$7,782$6,764$4,001
14 years$10,753$9,307$8,030$6,908$5,929$3,340
15 years$9,932$8,502$7,250$6,161$5,220$2,798
16 years$9,215$7,800$6,573$5,517$4,614$2,350
17 years$8,583$7,184$5,981$4,957$4,091$1,979
18 years$8,022$6,638$5,460$4,467$3,637$1,670
19 years$7,520$6,152$4,998$4,036$3,242$1,411
20 years$7,069$5,717$4,587$3,656$2,896$1,194
21 years$6,662$5,325$4,219$3,318$2,591$1,011
22 years$6,292$4,971$3,889$3,016$2,323$858
23 years$5,955$4,649$3,591$2,747$2,085$728
24 years$5,646$4,356$3,321$2,506$1,874$618
25 years$5,363$4,088$3,076$2,288$1,686$525
26 years$5,101$3,842$2,852$2,092$1,519$447
27 years$4,860$3,616$2,649$1,915$1,370$380
28 years$4,636$3,407$2,462$1,755$1,236$323
29 years$4,428$3,214$2,291$1,609$1,116$275
30 years$4,234$3,035$2,134$1,477$1,008$234
31 years$4,053$2,869$1,990$1,356$912$199
32 years$3,884$2,715$1,857$1,246$825$170
33 years$3,725$2,571$1,733$1,146$746$145
34 years$3,576$2,437$1,620$1,055$676$123
35 years$3,436$2,311$1,514$971$612$105
36 years$3,304$2,194$1,417$894$554$89
37 years$3,179$2,084$1,326$824$503$76
38 years$3,061$1,980$1,242$759$456$65
39 years$2,949$1,883$1,163$700$413$55
40 years$2,844$1,791$1,090$646$375$47
41 years$2,743$1,705$1,022$596$340$40
42 years$2,648$1,624$959$550$309$34
43 years$2,558$1,547$900$508$280$29
44 years$2,471$1,475$845$469$254$25
45 years$2,389$1,407$793$433$231$21
46 years$2,311$1,342$745$400$209$18
47 years$2,236$1,280$700$369$190$15
48 years$2,165$1,222$658$341$173$13
49 years$2,096$1,167$618$315$157$11
50 years$2,031$1,115$581$292$143$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $2,080,000, adding $3,055 every year, while hoping to spend $33,082 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: 55/33/12 Blend
64$2,080,000$2,080,000$2,080,000$2,080,000
65$2,295,311$2,185,071$2,152,831$2,414,348
66$2,494,234$2,256,941$2,189,752$2,567,299
67$2,712,338$2,331,223$2,226,801$2,729,885
68$2,951,545$2,408,002$2,263,947$2,906,141
69$3,213,972$2,487,362$2,301,158$3,097,375
70$3,501,949$2,569,395$2,338,399$3,305,027
71$3,818,044$2,654,192$2,375,632$3,530,680
72$4,165,087$2,741,850$2,412,818$3,776,077
73$4,546,192$2,832,467$2,449,914$4,043,137
74$4,964,792$2,926,146$2,486,875$4,333,968
75$5,424,669$3,022,995$2,523,653$4,650,895
76$5,929,987$3,123,124$2,560,197$4,996,475
77$6,485,336$3,226,647$2,596,454$5,373,520
78$7,095,771$3,333,684$2,632,366$5,785,130
79$7,766,861$3,444,356$2,667,872$6,234,716
80$8,504,744$3,558,792$2,702,908$6,726,032
81$9,316,178$3,677,124$2,737,407$7,263,215
82$10,208,614$3,799,488$2,771,295$7,850,816
83$11,190,257$3,926,027$2,804,498$8,493,851
84$12,270,149$4,056,888$2,836,934$9,197,840
85$13,458,252$4,192,224$2,868,519$9,968,863
86$14,765,543$4,332,192$2,899,164$10,813,618
87$16,204,115$4,476,957$2,928,773$11,739,480
88$17,787,296$4,626,689$2,957,248$12,754,572
89$19,529,768$4,781,564$2,984,483$13,867,842
90$21,447,708$4,941,765$3,010,368$15,089,145
91$23,558,945$5,107,482$3,034,786$16,429,339
92$25,883,120$5,278,911$3,057,614$17,900,380
93$28,441,878$5,456,258$3,078,724$19,515,442
94$31,259,068$5,639,732$3,097,979$21,289,038
95$34,360,969$5,829,555$3,115,237$23,237,153
96$37,776,538$6,025,953$3,130,347$25,377,398
97$41,537,683$6,229,164$3,143,153$27,729,177
98$45,679,566$6,439,432$3,153,487$30,313,863
99$50,240,929$6,657,012$3,161,177$33,155,007
100$55,264,466$6,882,167$3,166,039$36,278,553