Can I retire at age 65 with 2,050,000?

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 $2,050,000?

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%
1 years$169,287$167,779$166,308$164,872$163,470$158,111
2 years$83,805$82,245$80,732$79,265$77,843$72,495
3 years$55,315$53,748$52,239$50,786$49,387$44,217
4 years$41,073$39,510$38,017$36,589$35,223$30,272
5 years$32,530$30,977$29,502$28,104$26,776$22,057
6 years$26,836$25,295$23,842$22,475$21,187$16,703
7 years$22,771$21,242$19,813$18,478$17,231$12,982
8 years$19,724$18,209$16,803$15,500$14,294$10,278
9 years$17,355$15,854$14,472$13,203$12,038$8,249
10 years$15,460$13,974$12,617$11,381$10,257$6,689
11 years$13,912$12,441$11,108$9,905$8,821$5,468
12 years$12,622$11,166$9,858$8,688$7,644$4,498
13 years$11,532$10,091$8,808$7,670$6,666$3,719
14 years$10,598$9,172$7,914$6,809$5,843$3,088
15 years$9,789$8,379$7,145$6,072$5,145$2,572
16 years$9,082$7,688$6,478$5,437$4,547$2,148
17 years$8,459$7,080$5,895$4,885$4,032$1,798
18 years$7,906$6,542$5,381$4,402$3,585$1,508
19 years$7,412$6,063$4,926$3,978$3,195$1,267
20 years$6,967$5,634$4,521$3,603$2,854$1,065
21 years$6,566$5,248$4,158$3,270$2,554$897
22 years$6,201$4,899$3,833$2,973$2,289$756
23 years$5,869$4,582$3,539$2,708$2,055$637
24 years$5,565$4,293$3,273$2,469$1,847$538
25 years$5,285$4,029$3,031$2,255$1,662$454
26 years$5,028$3,786$2,811$2,062$1,497$384
27 years$4,790$3,563$2,611$1,887$1,350$324
28 years$4,569$3,358$2,427$1,729$1,218$274
29 years$4,364$3,168$2,258$1,586$1,100$232
30 years$4,173$2,992$2,104$1,455$994$196
31 years$3,995$2,828$1,961$1,337$898$166
32 years$3,828$2,676$1,830$1,228$813$140
33 years$3,671$2,534$1,708$1,130$736$119
34 years$3,524$2,402$1,596$1,039$666$100
35 years$3,386$2,278$1,492$957$603$85
36 years$3,256$2,162$1,396$881$546$72
37 years$3,133$2,054$1,307$812$495$61
38 years$3,017$1,952$1,224$748$449$52
39 years$2,907$1,856$1,146$690$407$44
40 years$2,803$1,766$1,075$636$369$37
41 years$2,704$1,681$1,008$587$335$31
42 years$2,610$1,601$945$542$304$26
43 years$2,521$1,525$887$500$276$22
44 years$2,436$1,454$833$462$250$19
45 years$2,355$1,386$782$427$227$16
46 years$2,277$1,322$734$394$206$14
47 years$2,204$1,262$690$364$187$12
48 years$2,133$1,205$648$336$170$10
49 years$2,066$1,150$609$311$155$8
50 years$2,002$1,099$573$287$140$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $2,050,000, adding $3,464 every year, while hoping to spend $57,074 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: 74/8/18 Blend
64$2,050,000$2,050,000$2,050,000$2,050,000
65$2,262,673$2,154,023$2,122,248$2,420,427
66$2,432,739$2,198,844$2,132,617$2,570,296
67$2,618,240$2,243,948$2,141,421$2,727,154
68$2,820,688$2,289,289$2,148,546$2,897,546
69$3,041,750$2,334,817$2,153,875$3,082,803
70$3,283,262$2,380,476$2,157,282$3,284,396
71$3,547,242$2,426,207$2,158,639$3,503,942
72$3,835,915$2,471,945$2,157,807$3,743,223
73$4,151,728$2,517,619$2,154,643$4,004,203
74$4,497,377$2,563,156$2,148,997$4,289,047
75$4,875,831$2,608,472$2,140,709$4,600,140
76$5,290,358$2,653,480$2,129,616$4,940,108
77$5,744,559$2,698,084$2,115,542$5,311,847
78$6,242,397$2,742,184$2,098,306$5,718,549
79$6,788,240$2,785,669$2,077,718$6,163,729
80$7,386,896$2,828,422$2,053,577$6,651,262
81$8,043,662$2,870,318$2,025,674$7,185,419
82$8,764,372$2,911,220$1,993,791$7,770,905
83$9,555,452$2,950,984$1,957,697$8,412,907
84$10,423,982$2,989,456$1,917,154$9,117,138
85$11,377,759$3,026,470$1,871,909$9,889,899
86$12,425,373$3,061,850$1,821,701$10,738,131
87$13,576,286$3,095,406$1,766,253$11,669,483
88$14,840,924$3,126,937$1,705,279$12,692,386
89$16,230,770$3,156,229$1,638,478$13,816,133
90$17,758,477$3,183,053$1,565,536$15,050,962
91$19,437,984$3,207,164$1,486,123$16,408,160
92$21,284,646$3,228,303$1,399,896$17,900,165
93$23,315,384$3,246,194$1,306,496$19,540,683
94$25,548,837$3,260,542$1,205,548$21,344,822
95$28,005,545$3,271,034$1,096,660$23,329,231
96$30,708,134$3,277,339$979,422$25,512,259
97$33,681,537$3,279,102$853,406$27,914,130
98$36,953,224$3,275,948$718,166$30,557,129
99$40,553,463$3,267,479$573,234$33,465,821
100$44,515,603$3,253,273$418,124$36,667,274