Can I retire at age 65 with 1,950,000?

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 $1,950,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.4%
1 years$161,029$159,595$158,195$156,829$155,496$152,046
2 years$79,717$78,233$76,794$75,399$74,046$70,588
3 years$52,617$51,126$49,691$48,309$46,978$43,620
4 years$39,070$37,583$36,162$34,804$33,505$30,273
5 years$30,943$29,466$28,063$26,733$25,470$22,373
6 years$25,527$24,061$22,679$21,378$20,153$17,195
7 years$21,660$20,206$18,847$17,576$16,390$13,570
8 years$18,761$17,320$15,983$14,744$13,597$10,915
9 years$16,508$15,081$13,767$12,559$11,451$8,905
10 years$14,706$13,293$12,002$10,826$9,757$7,344
11 years$13,233$11,834$10,566$9,422$8,391$6,108
12 years$12,006$10,621$9,377$8,264$7,271$5,115
13 years$10,969$9,599$8,378$7,296$6,341$4,307
14 years$10,081$8,725$7,528$6,477$5,558$3,643
15 years$9,312$7,970$6,797$5,776$4,894$3,092
16 years$8,639$7,313$6,162$5,172$4,325$2,633
17 years$8,047$6,735$5,607$4,647$3,835$2,248
18 years$7,520$6,223$5,119$4,188$3,410$1,923
19 years$7,050$5,768$4,686$3,784$3,039$1,649
20 years$6,627$5,359$4,300$3,427$2,715$1,415
21 years$6,245$4,992$3,956$3,110$2,430$1,217
22 years$5,899$4,660$3,646$2,828$2,178$1,047
23 years$5,583$4,358$3,366$2,575$1,955$902
24 years$5,293$4,084$3,113$2,349$1,757$778
25 years$5,027$3,832$2,883$2,145$1,581$671
26 years$4,782$3,602$2,674$1,961$1,424$579
27 years$4,556$3,390$2,483$1,795$1,284$500
28 years$4,346$3,194$2,308$1,645$1,159$432
29 years$4,151$3,013$2,148$1,508$1,046$374
30 years$3,969$2,846$2,001$1,384$945$323
31 years$3,800$2,690$1,865$1,271$855$279
32 years$3,641$2,545$1,741$1,169$773$242
33 years$3,492$2,410$1,625$1,075$700$209
34 years$3,352$2,285$1,518$989$633$181
35 years$3,221$2,167$1,420$910$574$157
36 years$3,097$2,057$1,328$838$520$136
37 years$2,980$1,953$1,243$772$471$118
38 years$2,870$1,856$1,164$712$427$102
39 years$2,765$1,765$1,091$656$387$88
40 years$2,666$1,679$1,022$605$351$76
41 years$2,572$1,599$958$559$319$66
42 years$2,483$1,523$899$515$289$57
43 years$2,398$1,451$844$476$262$50
44 years$2,317$1,383$792$439$238$43
45 years$2,240$1,319$744$406$216$37
46 years$2,166$1,258$698$375$196$32
47 years$2,096$1,200$656$346$178$28
48 years$2,029$1,146$617$320$162$24
49 years$1,965$1,094$580$296$147$21
50 years$1,904$1,045$545$273$134$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $1,950,000, adding $3,844 every year, while hoping to spend $23,718 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: 33/47/20 Blend
64$1,950,000$1,950,000$1,950,000$1,950,000
65$2,152,865$2,049,515$2,019,290$2,210,519
66$2,347,222$2,124,706$2,061,701$2,328,887
67$2,560,607$2,202,785$2,104,737$2,453,929
68$2,794,939$2,283,871$2,148,395$2,588,200
69$3,052,326$2,368,084$2,192,670$2,732,526
70$3,335,094$2,455,552$2,237,555$2,887,815
71$3,645,805$2,546,405$2,283,044$3,055,061
72$3,987,280$2,640,782$2,329,129$3,235,357
73$4,362,628$2,738,825$2,375,801$3,429,902
74$4,775,274$2,840,686$2,423,048$3,640,014
75$5,228,991$2,946,518$2,470,859$3,867,138
76$5,727,936$3,056,486$2,519,221$4,112,865
77$6,276,690$3,170,758$2,568,119$4,378,940
78$6,880,298$3,289,511$2,617,536$4,667,282
79$7,544,321$3,412,929$2,667,457$4,980,002
80$8,274,885$3,541,206$2,717,859$5,319,416
81$9,078,739$3,674,541$2,768,723$5,688,075
82$9,963,320$3,813,143$2,820,026$6,088,782
83$10,936,823$3,957,232$2,871,741$6,524,618
84$12,008,277$4,107,034$2,923,842$6,998,975
85$13,187,630$4,262,787$2,976,299$7,515,580
86$14,485,843$4,424,738$3,029,080$8,078,536
87$15,914,996$4,593,148$3,082,152$8,692,356
88$17,488,398$4,768,285$3,135,476$9,362,006
89$19,220,715$4,950,430$3,189,014$10,092,950
90$21,128,105$5,139,879$3,242,724$10,891,200
91$23,228,376$5,336,937$3,296,559$11,763,374
92$25,541,149$5,541,925$3,350,472$12,716,755
93$28,088,044$5,755,177$3,404,411$13,759,361
94$30,892,885$5,977,042$3,458,320$14,900,015
95$33,981,926$6,207,884$3,512,140$16,148,432
96$37,384,096$6,448,083$3,565,810$17,515,308
97$41,131,271$6,698,036$3,619,261$19,012,416
98$45,258,578$6,958,158$3,672,425$20,652,721
99$49,804,727$7,228,881$3,725,224$22,450,498
100$54,812,370$7,510,658$3,777,581$24,421,464