Can I retire at age 79 with 2,000,000?

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 $2,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$165,158$163,687$162,252$160,851$159,483$158,544
2 years$81,761$80,239$78,763$77,332$75,944$74,997
3 years$53,966$52,437$50,965$49,547$48,182$47,256
4 years$40,071$38,547$37,089$35,696$34,364$33,466
5 years$31,737$30,221$28,783$27,418$26,123$25,256
6 years$26,182$24,678$23,261$21,926$20,670$19,835
7 years$22,216$20,724$19,330$18,027$16,810$16,007
8 years$19,243$17,765$16,393$15,122$13,946$13,175
9 years$16,931$15,467$14,120$12,881$11,744$11,006
10 years$15,083$13,634$12,310$11,103$10,007$9,300
11 years$13,572$12,137$10,837$9,663$8,606$7,931
12 years$12,314$10,894$9,618$8,476$7,458$6,813
13 years$11,250$9,845$8,593$7,483$6,503$5,889
14 years$10,339$8,949$7,721$6,643$5,701$5,116
15 years$9,550$8,175$6,971$5,924$5,020$4,463
16 years$8,861$7,500$6,320$5,304$4,436$3,907
17 years$8,253$6,907$5,751$4,766$3,934$3,432
18 years$7,713$6,383$5,250$4,295$3,497$3,022
19 years$7,231$5,915$4,806$3,881$3,117$2,667
20 years$6,797$5,497$4,411$3,515$2,785$2,358
21 years$6,406$5,120$4,057$3,190$2,492$2,089
22 years$6,050$4,779$3,739$2,900$2,234$1,853
23 years$5,726$4,470$3,452$2,642$2,005$1,646
24 years$5,429$4,188$3,193$2,409$1,802$1,464
25 years$5,156$3,930$2,957$2,200$1,622$1,304
26 years$4,905$3,694$2,743$2,012$1,461$1,162
27 years$4,673$3,476$2,547$1,841$1,317$1,036
28 years$4,458$3,276$2,368$1,687$1,188$925
29 years$4,258$3,090$2,203$1,547$1,073$826
30 years$4,071$2,919$2,052$1,420$970$738
31 years$3,897$2,759$1,913$1,304$877$659
32 years$3,734$2,611$1,785$1,198$793$590
33 years$3,582$2,472$1,667$1,102$718$528
34 years$3,438$2,343$1,557$1,014$650$472
35 years$3,304$2,222$1,456$933$588$423
36 years$3,176$2,109$1,362$860$533$379
37 years$3,057$2,003$1,275$792$483$339
38 years$2,943$1,904$1,194$730$438$304
39 years$2,836$1,811$1,119$673$397$272
40 years$2,734$1,723$1,048$621$360$244
41 years$2,638$1,640$983$573$327$219
42 years$2,546$1,562$922$529$297$196
43 years$2,459$1,488$865$488$269$176
44 years$2,376$1,418$812$451$244$158
45 years$2,297$1,352$763$416$222$141
46 years$2,222$1,290$716$384$201$127
47 years$2,150$1,231$673$355$183$114
48 years$2,081$1,175$632$328$166$102
49 years$2,016$1,122$594$303$151$92
50 years$1,953$1,072$559$280$137$82

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 79 starting with $2,000,000, adding $2,515 every year, while hoping to spend $21,644 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: 58/33/9 Blend
78$2,000,000$2,000,000$2,000,000$2,000,000
79$2,206,594$2,100,594$2,069,594$2,329,830
80$2,408,638$2,180,494$2,115,897$2,492,941
81$2,630,564$2,263,584$2,163,025$2,667,991
82$2,874,379$2,349,997$2,210,983$2,858,261
83$3,142,291$2,439,872$2,259,777$3,065,211
84$3,436,734$2,533,355$2,309,408$3,290,447
85$3,760,389$2,630,598$2,359,882$3,535,736
86$4,116,210$2,731,758$2,411,199$3,803,020
87$4,507,451$2,837,001$2,463,361$4,094,438
88$4,937,696$2,946,500$2,516,369$4,412,340
89$5,410,898$3,060,435$2,570,224$4,759,315
90$5,931,406$3,178,993$2,624,924$5,138,207
91$6,504,018$3,302,372$2,680,467$5,552,152
92$7,134,015$3,430,776$2,736,850$6,004,595
93$7,827,220$3,564,419$2,794,070$6,499,332
94$8,590,046$3,703,525$2,852,121$7,040,538
95$9,429,560$3,848,328$2,910,996$7,632,813
96$10,353,550$3,999,070$2,970,689$8,281,215
97$11,370,595$4,156,008$3,031,190$8,991,318
98$12,490,150$4,319,406$3,092,489$9,769,254
99$13,722,632$4,489,544$3,154,574$10,621,778
100$15,079,519$4,666,710$3,217,431$11,556,324