Can I retire at age 65 with 1,930,000?

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 $1,930,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18%
1 years$159,378$157,958$156,573$155,221$153,901$148,915
2 years$78,900$77,430$76,006$74,625$73,286$68,310
3 years$52,077$50,602$49,181$47,813$46,496$41,685
4 years$38,669$37,198$35,791$34,447$33,161$28,553
5 years$30,626$29,163$27,775$26,458$25,209$20,815
6 years$25,265$23,814$22,447$21,159$19,947$15,772
7 years$21,438$19,999$18,653$17,396$16,222$12,265
8 years$18,569$17,143$15,819$14,593$13,458$9,716
9 years$16,339$14,926$13,625$12,430$11,333$7,802
10 years$14,555$13,156$11,879$10,715$9,657$6,331
11 years$13,097$11,712$10,458$9,325$8,305$5,179
12 years$11,883$10,512$9,281$8,179$7,197$4,263
13 years$10,857$9,500$8,292$7,221$6,276$3,527
14 years$9,977$8,635$7,451$6,410$5,501$2,930
15 years$9,216$7,889$6,727$5,717$4,844$2,443
16 years$8,551$7,238$6,099$5,119$4,281$2,042
17 years$7,964$6,666$5,550$4,599$3,796$1,710
18 years$7,443$6,159$5,066$4,145$3,375$1,435
19 years$6,978$5,708$4,638$3,745$3,008$1,207
20 years$6,559$5,305$4,256$3,392$2,687$1,016
21 years$6,181$4,941$3,915$3,078$2,405$856
22 years$5,838$4,612$3,608$2,799$2,155$722
23 years$5,525$4,314$3,332$2,549$1,935$609
24 years$5,239$4,042$3,081$2,325$1,739$514
25 years$4,976$3,793$2,854$2,123$1,565$435
26 years$4,733$3,565$2,647$1,941$1,410$367
27 years$4,509$3,355$2,458$1,777$1,271$311
28 years$4,302$3,161$2,285$1,628$1,147$263
29 years$4,108$2,982$2,126$1,493$1,035$222
30 years$3,929$2,816$1,980$1,370$936$188
31 years$3,761$2,662$1,846$1,258$846$159
32 years$3,604$2,519$1,723$1,157$765$135
33 years$3,456$2,386$1,608$1,064$692$114
34 years$3,318$2,261$1,503$979$627$97
35 years$3,188$2,145$1,405$901$568$82
36 years$3,065$2,036$1,314$830$515$69
37 years$2,950$1,933$1,230$764$466$59
38 years$2,840$1,837$1,152$705$423$50
39 years$2,737$1,747$1,079$650$383$42
40 years$2,639$1,662$1,012$599$348$36
41 years$2,546$1,582$949$553$315$30
42 years$2,457$1,507$890$510$286$26
43 years$2,373$1,436$835$471$260$22
44 years$2,293$1,369$784$435$236$18
45 years$2,217$1,305$736$402$214$16
46 years$2,144$1,245$691$371$194$13
47 years$2,075$1,188$649$343$176$11
48 years$2,008$1,134$610$317$160$10
49 years$1,945$1,083$574$293$146$8
50 years$1,884$1,035$539$271$132$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $1,930,000, adding $2,294 every year, while hoping to spend $43,436 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: 49/37/14 Blend
64$1,930,000$1,930,000$1,930,000$1,930,000
65$2,129,226$2,026,936$1,997,021$2,225,231
66$2,300,192$2,080,041$2,017,706$2,344,690
67$2,487,140$2,134,291$2,037,628$2,469,683
68$2,691,655$2,189,698$2,056,715$2,604,494
69$2,915,482$2,246,272$2,074,893$2,750,056
70$3,160,542$2,304,019$2,092,082$2,907,401
71$3,428,949$2,362,949$2,108,199$3,077,659
72$3,723,034$2,423,065$2,123,156$3,262,080
73$4,045,362$2,484,374$2,136,861$3,462,038
74$4,398,759$2,546,878$2,149,216$3,679,044
75$4,786,337$2,610,580$2,160,119$3,914,766
76$5,211,523$2,675,478$2,169,462$4,171,039
77$5,678,093$2,741,571$2,177,134$4,449,884
78$6,190,205$2,808,855$2,183,015$4,753,530
79$6,752,441$2,877,323$2,186,980$5,084,428
80$7,369,846$2,946,968$2,188,900$5,445,282
81$8,047,979$3,017,778$2,188,637$5,839,069
82$8,792,963$3,089,740$2,186,047$6,269,070
83$9,611,545$3,162,836$2,180,979$6,738,900
84$10,511,155$3,237,048$2,173,274$7,252,540
85$11,499,982$3,312,352$2,162,768$7,814,379
86$12,587,044$3,388,722$2,149,285$8,429,253
87$13,782,280$3,466,127$2,132,643$9,102,489
88$15,096,638$3,544,532$2,112,652$9,839,958
89$16,542,180$3,623,899$2,089,111$10,648,130
90$18,132,196$3,704,185$2,061,810$11,534,134
91$19,881,330$3,785,339$2,030,531$12,505,827
92$21,805,714$3,867,309$1,995,042$13,571,867
93$23,923,125$3,950,035$1,955,104$14,741,793
94$26,253,148$4,033,452$1,910,464$16,026,122
95$28,817,365$4,117,486$1,860,860$17,436,439
96$31,639,553$4,202,060$1,806,016$18,985,515
97$34,745,913$4,287,086$1,745,643$20,687,422
98$38,165,314$4,372,472$1,679,440$22,557,669
99$41,929,567$4,458,113$1,607,092$24,613,348
100$46,073,722$4,543,900$1,528,269$26,873,295