Can I retire at age 65 with 2,020,000?

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 $2,020,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$166,810$165,324$163,874$162,459$161,078$158,671
2 years$82,579$81,041$79,551$78,105$76,704$74,284
3 years$54,506$52,961$51,474$50,043$48,664$46,307
4 years$40,472$38,932$37,460$36,053$34,708$32,431
5 years$32,054$30,523$29,071$27,692$26,384$24,195
6 years$26,444$24,925$23,493$22,146$20,877$18,778
7 years$22,438$20,932$19,523$18,207$16,978$14,970
8 years$19,435$17,942$16,557$15,274$14,085$12,168
9 years$17,101$15,622$14,261$13,010$11,862$10,034
10 years$15,234$13,770$12,433$11,214$10,107$8,367
11 years$13,708$12,259$10,946$9,760$8,692$7,038
12 years$12,437$11,003$9,714$8,561$7,533$5,963
13 years$11,363$9,943$8,679$7,558$6,569$5,081
14 years$10,443$9,038$7,798$6,709$5,758$4,350
15 years$9,646$8,256$7,040$5,983$5,070$3,739
16 years$8,949$7,575$6,383$5,357$4,481$3,225
17 years$8,335$6,976$5,808$4,814$3,973$2,789
18 years$7,790$6,447$5,302$4,338$3,532$2,417
19 years$7,303$5,975$4,854$3,920$3,149$2,100
20 years$6,865$5,552$4,455$3,550$2,812$1,827
21 years$6,470$5,171$4,098$3,222$2,517$1,592
22 years$6,110$4,827$3,777$2,929$2,256$1,389
23 years$5,783$4,515$3,487$2,668$2,025$1,214
24 years$5,483$4,230$3,225$2,433$1,820$1,061
25 years$5,208$3,970$2,987$2,222$1,638$929
26 years$4,954$3,731$2,770$2,032$1,475$813
27 years$4,720$3,511$2,572$1,860$1,330$713
28 years$4,502$3,309$2,391$1,704$1,200$625
29 years$4,300$3,121$2,225$1,563$1,084$548
30 years$4,112$2,948$2,073$1,434$979$481
31 years$3,936$2,787$1,932$1,317$885$422
32 years$3,772$2,637$1,803$1,210$801$371
33 years$3,618$2,497$1,683$1,113$725$326
34 years$3,473$2,367$1,573$1,024$656$286
35 years$3,337$2,245$1,471$943$594$252
36 years$3,208$2,131$1,376$868$538$221
37 years$3,087$2,023$1,288$800$488$195
38 years$2,973$1,923$1,206$737$442$171
39 years$2,864$1,829$1,130$680$401$150
40 years$2,762$1,740$1,059$627$364$132
41 years$2,664$1,656$993$579$330$116
42 years$2,572$1,577$931$534$300$102
43 years$2,484$1,503$874$493$272$90
44 years$2,400$1,432$820$455$247$79
45 years$2,320$1,366$770$420$224$70
46 years$2,244$1,303$723$388$203$61
47 years$2,172$1,244$680$359$185$54
48 years$2,102$1,187$639$331$168$48
49 years$2,036$1,134$600$306$152$42
50 years$1,972$1,083$564$283$138$37

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $2,020,000, adding $4,321 every year, while hoping to spend $58,496 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: 26/48/26 Blend
64$2,020,000$2,020,000$2,020,000$2,020,000
65$2,230,497$2,123,437$2,092,127$2,270,189
66$2,395,769$2,165,246$2,099,974$2,344,621
67$2,575,937$2,207,143$2,106,123$2,419,107
68$2,772,461$2,249,071$2,110,456$2,497,809
69$2,986,943$2,290,968$2,112,849$2,581,124
70$3,221,152$2,332,765$2,113,169$2,669,488
71$3,477,030$2,374,392$2,111,281$2,763,384
72$3,756,718$2,415,768$2,107,040$2,863,350
73$4,062,573$2,456,810$2,100,296$2,969,975
74$4,397,190$2,497,428$2,090,890$3,083,917
75$4,763,424$2,537,523$2,078,656$3,205,899
76$5,164,423$2,576,991$2,063,420$3,336,725
77$5,603,650$2,615,720$2,045,001$3,477,281
78$6,084,921$2,653,589$2,023,207$3,628,548
79$6,612,437$2,690,468$1,997,838$3,791,611
80$7,190,825$2,726,221$1,968,685$3,967,672
81$7,825,183$2,760,699$1,935,530$4,158,057
82$8,521,123$2,793,745$1,898,141$4,364,234
83$9,284,828$2,825,190$1,856,280$4,587,825
84$10,123,111$2,854,854$1,809,695$4,830,623
85$11,043,471$2,882,545$1,758,123$5,094,611
86$12,054,174$2,908,058$1,701,289$5,381,980
87$13,164,324$2,931,177$1,638,906$5,695,152
88$14,383,948$2,951,668$1,570,673$6,036,802
89$15,724,095$2,969,284$1,496,275$6,409,888
90$17,196,936$2,983,762$1,415,383$6,817,675
91$18,815,880$2,994,823$1,327,655$7,263,773
92$20,595,699$3,002,169$1,232,731$7,752,169
93$22,552,669$3,005,483$1,130,236$8,287,265
94$24,704,720$3,004,431$1,019,778$8,873,926
95$27,071,608$2,998,655$900,947$9,517,521
96$29,675,099$2,987,776$773,316$10,223,984
97$32,539,176$2,971,394$636,438$10,999,862
98$35,690,260$2,949,080$489,848$11,852,386
99$39,157,466$2,920,385$333,057$12,789,541
100$42,972,872$2,884,827$165,558$13,820,139