Can I retire at age 65 with 1,920,000?

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 $1,920,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$158,552$157,140$155,762$154,417$153,103$152,266
2 years$78,491$77,029$75,612$74,239$72,906$72,062
3 years$51,808$50,339$48,926$47,566$46,255$45,429
4 years$38,468$37,005$35,606$34,268$32,989$32,188
5 years$30,467$29,012$27,632$26,321$25,078$24,304
6 years$25,135$23,691$22,330$21,049$19,843$19,098
7 years$21,327$19,895$18,557$17,306$16,138$15,421
8 years$18,473$17,054$15,738$14,517$13,388$12,700
9 years$16,254$14,849$13,555$12,366$11,275$10,615
10 years$14,480$13,088$11,817$10,659$9,607$8,975
11 years$13,029$11,652$10,404$9,277$8,262$7,658
12 years$11,822$10,458$9,233$8,137$7,160$6,583
13 years$10,800$9,451$8,249$7,184$6,243$5,694
14 years$9,926$8,591$7,412$6,377$5,473$4,949
15 years$9,168$7,848$6,692$5,687$4,819$4,321
16 years$8,506$7,200$6,067$5,092$4,259$3,785
17 years$7,923$6,631$5,521$4,575$3,776$3,327
18 years$7,405$6,127$5,040$4,123$3,358$2,932
19 years$6,942$5,679$4,614$3,726$2,993$2,589
20 years$6,525$5,277$4,234$3,374$2,673$2,291
21 years$6,149$4,915$3,895$3,062$2,392$2,031
22 years$5,808$4,588$3,590$2,784$2,144$1,803
23 years$5,497$4,291$3,314$2,536$1,925$1,603
24 years$5,212$4,021$3,065$2,313$1,730$1,427
25 years$4,950$3,773$2,839$2,112$1,557$1,271
26 years$4,709$3,546$2,633$1,931$1,402$1,134
27 years$4,486$3,337$2,445$1,768$1,264$1,012
28 years$4,279$3,145$2,273$1,620$1,141$904
29 years$4,087$2,967$2,115$1,485$1,030$808
30 years$3,908$2,802$1,970$1,363$931$722
31 years$3,741$2,649$1,837$1,252$841$646
32 years$3,585$2,506$1,714$1,151$761$578
33 years$3,438$2,373$1,600$1,058$689$518
34 years$3,301$2,249$1,495$973$624$464
35 years$3,171$2,134$1,398$896$565$416
36 years$3,049$2,025$1,308$825$512$373
37 years$2,934$1,923$1,224$760$464$334
38 years$2,825$1,828$1,146$701$421$299
39 years$2,723$1,738$1,074$646$381$269
40 years$2,625$1,654$1,006$596$346$241
41 years$2,532$1,574$944$550$314$216
42 years$2,444$1,499$885$508$285$194
43 years$2,361$1,428$831$469$258$174
44 years$2,281$1,362$780$433$235$156
45 years$2,205$1,298$732$400$213$140
46 years$2,133$1,239$688$369$193$126
47 years$2,064$1,182$646$341$176$113
48 years$1,998$1,128$607$315$159$102
49 years$1,935$1,078$571$291$145$91
50 years$1,875$1,029$536$269$132$82

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $1,920,000, adding $5,247 every year, while hoping to spend $40,322 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: 65/6/29 Blend
64$1,920,000$1,920,000$1,920,000$1,920,000
65$2,121,252$2,019,492$1,989,732$2,242,485
66$2,294,718$2,075,545$2,013,486$2,381,200
67$2,484,525$2,132,993$2,036,684$2,527,835
68$2,692,299$2,191,862$2,059,265$2,687,246
69$2,919,828$2,252,178$2,081,165$2,860,699
70$3,169,082$2,313,966$2,102,315$3,049,584
71$3,442,229$2,377,251$2,122,644$3,255,437
72$3,741,660$2,442,060$2,142,076$3,479,947
73$4,070,004$2,508,416$2,160,531$3,724,976
74$4,430,161$2,576,345$2,177,925$3,992,577
75$4,825,322$2,645,870$2,194,170$4,285,013
76$5,259,002$2,717,015$2,209,172$4,604,773
77$5,735,075$2,789,804$2,222,834$4,954,606
78$6,257,807$2,864,258$2,235,053$5,337,537
79$6,831,897$2,940,400$2,245,721$5,756,902
80$7,462,521$3,018,250$2,254,723$6,216,376
81$8,155,383$3,097,829$2,261,941$6,720,009
82$8,916,764$3,179,155$2,267,248$7,272,266
83$9,753,587$3,262,247$2,270,514$7,878,066
84$10,673,476$3,347,120$2,271,599$8,542,831
85$11,684,832$3,433,790$2,270,360$9,272,535
86$12,796,910$3,522,271$2,266,642$10,073,764
87$14,019,908$3,612,575$2,260,287$10,953,774
88$15,365,059$3,704,712$2,251,127$11,920,564
89$16,844,741$3,798,689$2,238,986$12,982,948
90$18,472,593$3,894,514$2,223,681$14,150,640
91$20,263,642$3,992,189$2,205,018$15,434,347
92$22,234,443$4,091,715$2,182,796$16,845,867
93$24,403,239$4,193,092$2,156,802$18,398,205
94$26,790,129$4,296,314$2,126,815$20,105,690
95$29,417,263$4,401,373$2,092,603$21,984,119
96$32,309,041$4,508,259$2,053,923$24,050,897
97$35,492,355$4,616,954$2,010,521$26,325,207
98$38,996,831$4,727,442$1,962,130$28,828,194
99$42,855,119$4,839,697$1,908,472$31,583,156
100$47,103,191$4,953,692$1,849,256$34,615,774