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

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 $2,080,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$171,764$170,234$168,742$167,285$165,862$163,519
2 years$85,032$83,448$81,913$80,425$78,982$76,625
3 years$56,125$54,534$53,003$51,529$50,109$47,813
4 years$41,674$40,089$38,573$37,124$35,738$33,520
5 years$33,006$31,430$29,934$28,515$27,168$25,034
6 years$27,229$25,665$24,191$22,803$21,497$19,450
7 years$23,104$21,553$20,103$18,748$17,483$15,523
8 years$20,012$18,475$17,049$15,727$14,504$12,632
9 years$17,609$16,086$14,684$13,396$12,214$10,429
10 years$15,687$14,179$12,802$11,548$10,407$8,707
11 years$14,115$12,623$11,271$10,050$8,950$7,333
12 years$12,807$11,329$10,003$8,815$7,756$6,221
13 years$11,700$10,239$8,937$7,782$6,764$5,308
14 years$10,753$9,307$8,030$6,908$5,929$4,550
15 years$9,932$8,502$7,250$6,161$5,220$3,916
16 years$9,215$7,800$6,573$5,517$4,614$3,382
17 years$8,583$7,184$5,981$4,957$4,091$2,929
18 years$8,022$6,638$5,460$4,467$3,637$2,543
19 years$7,520$6,152$4,998$4,036$3,242$2,212
20 years$7,069$5,717$4,587$3,656$2,896$1,928
21 years$6,662$5,325$4,219$3,318$2,591$1,682
22 years$6,292$4,971$3,889$3,016$2,323$1,470
23 years$5,955$4,649$3,591$2,747$2,085$1,286
24 years$5,646$4,356$3,321$2,506$1,874$1,126
25 years$5,363$4,088$3,076$2,288$1,686$987
26 years$5,101$3,842$2,852$2,092$1,519$866
27 years$4,860$3,616$2,649$1,915$1,370$760
28 years$4,636$3,407$2,462$1,755$1,236$668
29 years$4,428$3,214$2,291$1,609$1,116$587
30 years$4,234$3,035$2,134$1,477$1,008$516
31 years$4,053$2,869$1,990$1,356$912$453
32 years$3,884$2,715$1,857$1,246$825$399
33 years$3,725$2,571$1,733$1,146$746$351
34 years$3,576$2,437$1,620$1,055$676$309
35 years$3,436$2,311$1,514$971$612$272
36 years$3,304$2,194$1,417$894$554$240
37 years$3,179$2,084$1,326$824$503$211
38 years$3,061$1,980$1,242$759$456$186
39 years$2,949$1,883$1,163$700$413$164
40 years$2,844$1,791$1,090$646$375$144
41 years$2,743$1,705$1,022$596$340$127
42 years$2,648$1,624$959$550$309$112
43 years$2,558$1,547$900$508$280$99
44 years$2,471$1,475$845$469$254$87
45 years$2,389$1,407$793$433$231$77
46 years$2,311$1,342$745$400$209$68
47 years$2,236$1,280$700$369$190$60
48 years$2,165$1,222$658$341$173$53
49 years$2,096$1,167$618$315$157$46
50 years$2,031$1,115$581$292$143$41

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 $5,111 every year, while hoping to spend $37,148 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: 45/28/27 Blend
64$2,080,000$2,080,000$2,080,000$2,080,000
65$2,297,432$2,187,192$2,154,952$2,382,685
66$2,492,245$2,254,839$2,187,618$2,511,353
67$2,705,684$2,324,556$2,220,133$2,646,834
68$2,939,609$2,396,405$2,252,453$2,793,047
69$3,196,070$2,470,450$2,284,531$2,951,017
70$3,477,323$2,546,756$2,316,317$3,121,867
71$3,785,855$2,625,392$2,347,758$3,306,835
72$4,124,403$2,706,427$2,378,799$3,507,284
73$4,495,984$2,789,933$2,409,380$3,724,715
74$4,903,918$2,875,984$2,439,439$3,960,779
75$5,351,867$2,964,656$2,468,909$4,217,294
76$5,843,860$3,056,027$2,497,720$4,496,264
77$6,384,339$3,150,178$2,525,799$4,799,893
78$6,978,195$3,247,190$2,553,067$5,130,610
79$7,630,818$3,347,150$2,579,442$5,491,090
80$8,348,146$3,450,144$2,604,837$5,884,278
81$9,136,719$3,556,263$2,629,161$6,313,420
82$10,003,744$3,665,600$2,652,318$6,782,090
83$10,957,160$3,778,249$2,674,205$7,294,225
84$12,005,716$3,894,308$2,694,716$7,854,160
85$13,159,048$4,013,878$2,713,738$8,466,676
86$14,427,776$4,137,063$2,731,153$9,137,033
87$15,823,598$4,263,969$2,746,837$9,871,032
88$17,359,407$4,394,705$2,760,657$10,675,060
89$19,049,405$4,529,384$2,772,478$11,556,156
90$20,909,242$4,668,122$2,782,154$12,522,073
91$22,956,162$4,811,037$2,789,532$13,581,356
92$25,209,164$4,958,251$2,794,455$14,743,419
93$27,689,183$5,109,890$2,796,754$16,018,633
94$30,419,288$5,266,083$2,796,254$17,418,427
95$33,424,897$5,426,962$2,792,770$18,955,394
96$36,734,017$5,592,664$2,786,108$20,643,408
97$40,377,511$5,763,329$2,776,067$22,497,758
98$44,389,385$5,939,099$2,762,433$24,535,293
99$48,807,111$6,120,124$2,744,983$26,774,575
100$53,671,980$6,306,554$2,723,483$29,236,061