Can I retire at age 65 with 1,960,000?

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 $1,960,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.9%
1 years$161,855$160,413$159,007$157,634$156,293$150,092
2 years$80,126$78,634$77,188$75,785$74,425$68,255
3 years$52,887$51,388$49,946$48,556$47,218$41,273
4 years$39,270$37,776$36,348$34,982$33,677$28,001
5 years$31,102$29,617$28,207$26,870$25,600$20,209
6 years$25,658$24,184$22,796$21,488$20,257$15,153
7 years$21,771$20,310$18,943$17,666$16,474$11,657
8 years$18,858$17,409$16,065$14,820$13,667$9,131
9 years$16,593$15,158$13,837$12,623$11,510$7,247
10 years$14,782$13,361$12,064$10,881$9,807$5,811
11 years$13,301$11,894$10,621$9,470$8,434$4,695
12 years$12,068$10,676$9,425$8,307$7,309$3,816
13 years$11,025$9,648$8,421$7,333$6,373$3,116
14 years$10,132$8,770$7,566$6,510$5,587$2,555
15 years$9,359$8,011$6,831$5,806$4,919$2,101
16 years$8,684$7,350$6,194$5,198$4,348$1,732
17 years$8,088$6,769$5,636$4,671$3,855$1,431
18 years$7,559$6,255$5,145$4,209$3,428$1,184
19 years$7,086$5,797$4,710$3,803$3,055$981
20 years$6,661$5,387$4,323$3,445$2,729$814
21 years$6,278$5,018$3,976$3,126$2,442$676
22 years$5,929$4,684$3,664$2,842$2,189$561
23 years$5,611$4,381$3,383$2,589$1,965$467
24 years$5,320$4,104$3,129$2,361$1,766$388
25 years$5,053$3,852$2,898$2,156$1,589$323
26 years$4,807$3,620$2,688$1,972$1,431$269
27 years$4,579$3,407$2,496$1,805$1,291$224
28 years$4,368$3,210$2,320$1,653$1,165$187
29 years$4,172$3,029$2,159$1,516$1,052$155
30 years$3,990$2,860$2,011$1,392$950$130
31 years$3,819$2,704$1,875$1,278$859$108
32 years$3,660$2,558$1,749$1,174$777$90
33 years$3,510$2,423$1,633$1,080$703$75
34 years$3,370$2,296$1,526$994$637$63
35 years$3,237$2,178$1,427$915$577$52
36 years$3,113$2,067$1,335$843$522$43
37 years$2,995$1,963$1,249$776$474$36
38 years$2,884$1,866$1,170$715$429$30
39 years$2,779$1,774$1,096$660$389$25
40 years$2,680$1,688$1,027$608$353$21
41 years$2,585$1,607$963$561$320$18
42 years$2,495$1,530$904$518$291$15
43 years$2,410$1,458$848$478$264$12
44 years$2,329$1,390$796$442$239$10
45 years$2,251$1,325$747$408$217$8
46 years$2,178$1,264$702$377$197$7
47 years$2,107$1,207$660$348$179$6
48 years$2,040$1,152$620$322$163$5
49 years$1,975$1,100$583$297$148$4
50 years$1,914$1,051$548$275$134$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $1,960,000, adding $5,008 every year, while hoping to spend $45,229 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: 62/26/12 Blend
64$1,960,000$1,960,000$1,960,000$1,960,000
65$2,165,086$2,061,206$2,030,826$2,292,896
66$2,337,801$2,114,082$2,050,735$2,432,056
67$2,526,618$2,168,032$2,069,796$2,578,263
68$2,733,130$2,223,063$2,087,931$2,736,743
69$2,959,093$2,279,177$2,105,061$2,908,689
70$3,206,442$2,336,378$2,121,101$3,095,410
71$3,477,303$2,394,665$2,135,962$3,298,351
72$3,774,022$2,454,038$2,149,551$3,519,102
73$4,099,181$2,514,494$2,161,770$3,759,414
74$4,455,622$2,576,029$2,172,514$4,021,215
75$4,846,478$2,638,637$2,181,676$4,306,630
76$5,275,197$2,702,308$2,189,140$4,618,000
77$5,745,579$2,767,032$2,194,787$4,957,902
78$6,261,806$2,832,796$2,198,492$5,329,176
79$6,828,490$2,899,583$2,200,121$5,734,951
80$7,450,707$2,967,373$2,199,536$6,178,672
81$8,134,050$3,036,145$2,196,591$6,664,138
82$8,884,681$3,105,873$2,191,134$7,195,533
83$9,709,385$3,176,528$2,183,004$7,777,465
84$10,615,641$3,248,077$2,172,034$8,415,015
85$11,611,686$3,320,483$2,158,046$9,113,778
86$12,706,596$3,393,704$2,140,858$9,879,921
87$13,910,367$3,467,693$2,120,275$10,720,238
88$15,234,015$3,542,401$2,096,095$11,642,217
89$16,689,676$3,617,771$2,068,106$12,654,108
90$18,290,722$3,693,740$2,036,086$13,765,003
91$20,051,882$3,770,240$1,999,802$14,984,918
92$21,989,390$3,847,198$1,959,011$16,324,895
93$24,121,128$3,924,531$1,913,459$17,797,098
94$26,466,802$4,002,151$1,862,878$19,414,933
95$29,048,121$4,079,962$1,806,990$21,193,174
96$31,889,009$4,157,860$1,745,504$23,148,101
97$35,015,824$4,235,731$1,678,114$25,297,654
98$38,457,610$4,313,453$1,604,502$27,661,605
99$42,246,368$4,390,894$1,524,335$30,261,742
100$46,417,360$4,467,911$1,437,263$33,122,076