Can I retire at age 65 with 2,090,000?

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 $2,090,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.1%
1 years$172,590$171,053$169,553$168,089$166,660$163,161
2 years$85,441$83,849$82,307$80,812$79,362$75,854
3 years$56,395$54,797$53,258$51,777$50,350$46,942
4 years$41,874$40,281$38,758$37,302$35,910$32,628
5 years$33,165$31,581$30,078$28,652$27,298$24,151
6 years$27,360$25,788$24,308$22,913$21,600$18,592
7 years$23,215$21,657$20,200$18,838$17,567$14,698
8 years$20,108$18,564$17,131$15,803$14,573$11,843
9 years$17,693$16,163$14,755$13,461$12,273$9,679
10 years$15,762$14,247$12,864$11,603$10,457$7,997
11 years$14,183$12,683$11,325$10,098$8,993$6,664
12 years$12,868$11,384$10,051$8,857$7,794$5,591
13 years$11,757$10,288$8,980$7,820$6,796$4,717
14 years$10,804$9,351$8,068$6,942$5,957$3,998
15 years$9,980$8,543$7,284$6,191$5,245$3,401
16 years$9,259$7,838$6,604$5,543$4,636$2,902
17 years$8,624$7,218$6,010$4,980$4,111$2,483
18 years$8,060$6,670$5,486$4,488$3,655$2,129
19 years$7,556$6,182$5,022$4,056$3,258$1,829
20 years$7,103$5,744$4,609$3,673$2,910$1,574
21 years$6,694$5,351$4,240$3,334$2,604$1,356
22 years$6,322$4,995$3,907$3,031$2,334$1,170
23 years$5,983$4,671$3,608$2,760$2,095$1,010
24 years$5,673$4,377$3,337$2,518$1,883$873
25 years$5,388$4,107$3,090$2,299$1,695$755
26 years$5,126$3,860$2,866$2,102$1,526$653
27 years$4,883$3,633$2,662$1,924$1,376$565
28 years$4,658$3,423$2,474$1,763$1,242$490
29 years$4,449$3,229$2,302$1,617$1,121$424
30 years$4,254$3,050$2,145$1,484$1,013$368
31 years$4,072$2,883$1,999$1,363$916$319
32 years$3,902$2,728$1,865$1,252$829$277
33 years$3,743$2,584$1,742$1,152$750$240
34 years$3,593$2,449$1,627$1,060$679$208
35 years$3,452$2,322$1,522$975$615$181
36 years$3,319$2,204$1,423$898$557$157
37 years$3,194$2,094$1,332$828$505$136
38 years$3,076$1,990$1,248$763$458$118
39 years$2,964$1,892$1,169$703$415$103
40 years$2,857$1,800$1,096$649$377$89
41 years$2,757$1,714$1,027$599$342$77
42 years$2,661$1,632$964$552$310$67
43 years$2,570$1,555$904$510$281$58
44 years$2,483$1,482$849$471$255$51
45 years$2,401$1,413$797$435$232$44
46 years$2,322$1,348$749$402$210$38
47 years$2,247$1,287$703$371$191$33
48 years$2,175$1,228$661$343$174$29
49 years$2,106$1,173$621$317$158$25
50 years$2,041$1,120$584$293$143$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $2,090,000, adding $4,808 every year, while hoping to spend $25,288 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: 73/15/12 Blend
64$2,090,000$2,090,000$2,090,000$2,090,000
65$2,308,139$2,197,369$2,164,974$2,470,636
66$2,516,663$2,278,134$2,210,595$2,659,487
67$2,745,609$2,362,009$2,256,896$2,862,677
68$2,997,033$2,449,120$2,303,874$3,084,546
69$3,273,201$2,539,597$2,351,524$3,326,935
70$3,576,608$2,633,577$2,399,840$3,591,874
71$3,910,002$2,731,203$2,448,815$3,881,594
72$4,276,413$2,832,622$2,498,441$4,198,555
73$4,679,177$2,937,991$2,548,709$4,545,464
74$5,121,970$3,047,469$2,599,608$4,925,302
75$5,608,842$3,161,226$2,651,125$5,341,353
76$6,144,254$3,279,436$2,703,248$5,797,231
77$6,733,122$3,402,283$2,755,961$6,296,919
78$7,380,863$3,529,957$2,809,248$6,844,801
79$8,093,443$3,662,658$2,863,091$7,445,707
80$8,877,439$3,800,592$2,917,469$8,104,957
81$9,740,094$3,943,977$2,972,360$8,828,410
82$10,689,389$4,093,038$3,027,740$9,622,519
83$11,734,121$4,248,011$3,083,583$10,494,394
84$12,883,980$4,409,142$3,139,862$11,451,866
85$14,149,643$4,576,687$3,196,544$12,503,562
86$15,542,876$4,750,914$3,253,597$13,658,983
87$17,076,642$4,932,102$3,310,986$14,928,600
88$18,765,227$5,120,542$3,368,672$16,323,944
89$20,624,371$5,316,540$3,426,613$17,857,720
90$22,671,418$5,520,411$3,484,766$19,543,928
91$24,925,480$5,732,488$3,543,082$21,397,986
92$27,407,615$5,953,117$3,601,512$23,436,885
93$30,141,031$6,182,658$3,660,001$25,679,343
94$33,151,296$6,421,489$3,718,492$28,145,984
95$36,466,589$6,670,002$3,776,922$30,859,527
96$40,117,958$6,928,609$3,835,226$33,845,009
97$44,139,618$7,197,739$3,893,334$37,130,012
98$48,569,270$7,477,840$3,951,172$40,744,928
99$53,448,460$7,769,379$4,008,661$44,723,241
100$58,822,970$8,072,845$4,065,718$49,101,848