Can I retire at age 65 with 1,970,000?

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 $1,970,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.2%
1 years$162,681$161,232$159,818$158,438$157,091$151,276
2 years$80,535$79,035$77,582$76,172$74,805$69,013
3 years$53,157$51,650$50,200$48,804$47,459$41,872
4 years$39,470$37,968$36,533$35,161$33,848$28,508
5 years$31,260$29,768$28,351$27,007$25,731$20,651
6 years$25,789$24,308$22,912$21,598$20,360$15,544
7 years$21,883$20,413$19,040$17,757$16,558$12,006
8 years$18,954$17,498$16,147$14,896$13,737$9,443
9 years$16,677$15,235$13,908$12,688$11,568$7,528
10 years$14,857$13,429$12,125$10,937$9,857$6,062
11 years$13,369$11,955$10,675$9,518$8,477$4,920
12 years$12,129$10,730$9,474$8,349$7,346$4,018
13 years$11,082$9,697$8,464$7,371$6,406$3,297
14 years$10,184$8,814$7,605$6,543$5,615$2,717
15 years$9,407$8,052$6,866$5,835$4,944$2,245
16 years$8,728$7,388$6,225$5,225$4,370$1,860
17 years$8,129$6,804$5,665$4,694$3,875$1,545
18 years$7,598$6,287$5,171$4,231$3,445$1,285
19 years$7,122$5,827$4,734$3,823$3,071$1,070
20 years$6,695$5,414$4,345$3,462$2,743$893
21 years$6,310$5,043$3,996$3,142$2,454$745
22 years$5,959$4,708$3,683$2,857$2,200$623
23 years$5,640$4,403$3,401$2,602$1,975$521
24 years$5,347$4,125$3,145$2,373$1,775$435
25 years$5,079$3,871$2,913$2,167$1,597$364
26 years$4,831$3,639$2,702$1,982$1,439$305
27 years$4,603$3,424$2,509$1,814$1,297$256
28 years$4,391$3,227$2,332$1,662$1,170$214
29 years$4,194$3,044$2,170$1,524$1,057$179
30 years$4,010$2,875$2,022$1,399$955$150
31 years$3,839$2,718$1,885$1,285$863$126
32 years$3,678$2,571$1,758$1,180$781$106
33 years$3,528$2,435$1,642$1,086$707$89
34 years$3,387$2,308$1,534$999$640$74
35 years$3,254$2,189$1,434$919$580$62
36 years$3,129$2,078$1,342$847$525$52
37 years$3,011$1,973$1,256$780$476$44
38 years$2,899$1,875$1,176$719$432$37
39 years$2,793$1,783$1,102$663$391$31
40 years$2,693$1,697$1,033$612$355$26
41 years$2,598$1,615$968$564$322$22
42 years$2,508$1,538$908$521$292$18
43 years$2,422$1,466$852$481$265$15
44 years$2,341$1,397$800$444$241$13
45 years$2,263$1,332$751$410$219$11
46 years$2,189$1,271$706$379$198$9
47 years$2,118$1,213$663$350$180$8
48 years$2,050$1,158$623$323$164$6
49 years$1,985$1,106$586$299$149$5
50 years$1,923$1,056$550$276$135$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $1,970,000, adding $4,717 every year, while hoping to spend $25,700 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: 36/36/28 Blend
64$1,970,000$1,970,000$1,970,000$1,970,000
65$2,175,806$2,071,396$2,040,861$2,235,702
66$2,370,393$2,145,549$2,081,885$2,354,826
67$2,583,967$2,222,475$2,123,422$2,480,681
68$2,818,438$2,302,282$2,165,462$2,616,060
69$3,075,907$2,385,083$2,207,994$2,761,839
70$3,358,694$2,470,996$2,251,006$2,918,977
71$3,669,349$2,560,143$2,294,483$3,088,529
72$4,010,685$2,652,653$2,338,411$3,271,656
73$4,385,800$2,748,658$2,382,773$3,469,630
74$4,798,107$2,848,298$2,427,551$3,683,855
75$5,251,365$2,951,715$2,472,725$3,915,869
76$5,749,717$3,059,062$2,518,274$4,167,367
77$6,297,726$3,170,494$2,564,174$4,440,211
78$6,900,420$3,286,174$2,610,400$4,736,452
79$7,563,340$3,406,273$2,656,925$5,058,343
80$8,292,588$3,530,968$2,703,720$5,408,363
81$9,094,890$3,660,444$2,750,752$5,789,243
82$9,977,655$3,794,892$2,797,989$6,203,983
83$10,949,047$3,934,513$2,845,393$6,655,888
84$12,018,062$4,079,516$2,892,925$7,148,595
85$13,194,611$4,230,119$2,940,545$7,686,105
86$14,489,615$4,386,549$2,988,207$8,272,825
87$15,915,108$4,549,042$3,035,865$8,913,604
88$17,484,350$4,717,846$3,083,467$9,613,780
89$19,211,950$4,893,216$3,130,959$10,379,233
90$21,114,007$5,075,422$3,178,284$11,216,432
91$23,208,261$5,264,743$3,225,382$12,132,504
92$25,514,258$5,461,471$3,272,187$13,135,296
93$28,053,538$5,665,908$3,318,631$14,233,445
94$30,849,834$5,878,373$3,364,641$15,436,469
95$33,929,301$6,099,197$3,410,139$16,754,843
96$37,320,755$6,328,723$3,455,045$18,200,109
97$41,055,953$6,567,312$3,499,270$19,784,975
98$45,169,889$6,815,339$3,542,725$21,523,439
99$49,701,123$7,073,196$3,585,311$23,430,919
100$54,692,146$7,341,290$3,626,927$25,524,396