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

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 $2,090,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$172,590$171,053$169,553$168,089$166,660$163,495
2 years$85,441$83,849$82,307$80,812$79,362$76,186
3 years$56,395$54,797$53,258$51,777$50,350$47,262
4 years$41,874$40,281$38,758$37,302$35,910$32,934
5 years$33,165$31,581$30,078$28,652$27,298$24,442
6 years$27,360$25,788$24,308$22,913$21,600$18,867
7 years$23,215$21,657$20,200$18,838$17,567$14,957
8 years$20,108$18,564$17,131$15,803$14,573$12,087
9 years$17,693$16,163$14,755$13,461$12,273$9,908
10 years$15,762$14,247$12,864$11,603$10,457$8,211
11 years$14,183$12,683$11,325$10,098$8,993$6,864
12 years$12,868$11,384$10,051$8,857$7,794$5,778
13 years$11,757$10,288$8,980$7,820$6,796$4,891
14 years$10,804$9,351$8,068$6,942$5,957$4,159
15 years$9,980$8,543$7,284$6,191$5,245$3,551
16 years$9,259$7,838$6,604$5,543$4,636$3,041
17 years$8,624$7,218$6,010$4,980$4,111$2,611
18 years$8,060$6,670$5,486$4,488$3,655$2,247
19 years$7,556$6,182$5,022$4,056$3,258$1,938
20 years$7,103$5,744$4,609$3,673$2,910$1,673
21 years$6,694$5,351$4,240$3,334$2,604$1,447
22 years$6,322$4,995$3,907$3,031$2,334$1,253
23 years$5,983$4,671$3,608$2,760$2,095$1,086
24 years$5,673$4,377$3,337$2,518$1,883$942
25 years$5,388$4,107$3,090$2,299$1,695$818
26 years$5,126$3,860$2,866$2,102$1,526$711
27 years$4,883$3,633$2,662$1,924$1,376$618
28 years$4,658$3,423$2,474$1,763$1,242$537
29 years$4,449$3,229$2,302$1,617$1,121$468
30 years$4,254$3,050$2,145$1,484$1,013$407
31 years$4,072$2,883$1,999$1,363$916$354
32 years$3,902$2,728$1,865$1,252$829$309
33 years$3,743$2,584$1,742$1,152$750$269
34 years$3,593$2,449$1,627$1,060$679$234
35 years$3,452$2,322$1,522$975$615$204
36 years$3,319$2,204$1,423$898$557$178
37 years$3,194$2,094$1,332$828$505$155
38 years$3,076$1,990$1,248$763$458$135
39 years$2,964$1,892$1,169$703$415$118
40 years$2,857$1,800$1,096$649$377$103
41 years$2,757$1,714$1,027$599$342$90
42 years$2,661$1,632$964$552$310$78
43 years$2,570$1,555$904$510$281$68
44 years$2,483$1,482$849$471$255$60
45 years$2,401$1,413$797$435$232$52
46 years$2,322$1,348$749$402$210$45
47 years$2,247$1,287$703$371$191$40
48 years$2,175$1,228$661$343$174$34
49 years$2,106$1,173$621$317$158$30
50 years$2,041$1,120$584$293$143$26

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 $3,760 every year, while hoping to spend $38,234 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: 75/17/8 Blend
64$2,090,000$2,090,000$2,090,000$2,090,000
65$2,307,058$2,196,288$2,163,893$2,477,019
66$2,501,698$2,263,226$2,195,703$2,656,355
67$2,714,909$2,332,162$2,227,297$2,847,592
68$2,948,546$2,403,154$2,258,628$3,056,058
69$3,204,650$2,476,261$2,289,644$3,283,450
70$3,485,470$2,551,544$2,320,294$3,531,630
71$3,793,484$2,629,065$2,350,519$3,802,654
72$4,131,418$2,708,889$2,380,261$4,098,781
73$4,502,279$2,791,080$2,409,455$4,422,503
74$4,909,375$2,875,706$2,438,035$4,776,562
75$5,356,352$2,962,837$2,465,930$5,163,977
76$5,847,227$3,052,543$2,493,066$5,588,074
77$6,386,424$3,144,897$2,519,364$6,052,517
78$6,978,816$3,239,975$2,544,740$6,561,341
79$7,629,774$3,337,852$2,569,107$7,118,989
80$8,345,211$3,438,607$2,592,372$7,730,357
81$9,131,645$3,542,320$2,614,439$8,400,837
82$9,996,254$3,649,076$2,635,204$9,136,370
83$10,946,949$3,758,957$2,654,560$9,943,499
84$11,992,443$3,872,052$2,672,394$10,829,432
85$13,142,339$3,988,449$2,688,585$11,802,113
86$14,407,214$4,108,239$2,703,009$12,870,289
87$15,798,723$4,231,516$2,715,533$14,043,599
88$17,329,708$4,358,376$2,726,019$15,332,664
89$19,014,319$4,488,917$2,734,321$16,749,182
90$20,868,145$4,623,239$2,740,286$18,306,045
91$22,908,364$4,761,446$2,743,754$20,017,455
92$25,153,902$4,903,642$2,744,555$21,899,060
93$27,625,615$5,049,936$2,742,513$23,968,102
94$30,346,483$5,200,437$2,737,442$26,243,577
95$33,341,825$5,355,260$2,729,147$28,746,419
96$36,639,542$5,514,519$2,717,424$31,499,689
97$40,270,377$5,678,332$2,702,060$34,528,801
98$44,268,206$5,846,820$2,682,829$37,861,756
99$48,670,356$6,020,107$2,659,497$41,529,409
100$53,517,959$6,198,320$2,631,817$45,565,757