Can I retire at age 65 with 2,060,000?

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 $2,060,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.8%
1 years$170,113$168,598$167,119$165,676$164,267$159,073
2 years$84,214$82,646$81,126$79,652$78,223$73,036
3 years$55,585$54,010$52,494$51,034$49,628$44,612
4 years$41,273$39,703$38,202$36,767$35,395$30,589
5 years$32,689$31,128$29,646$28,241$26,907$22,323
6 years$26,967$25,418$23,959$22,584$21,290$16,933
7 years$22,882$21,346$19,910$18,568$17,315$13,183
8 years$19,820$18,298$16,885$15,576$14,364$10,455
9 years$17,439$15,931$14,543$13,267$12,097$8,406
10 years$15,536$14,043$12,679$11,437$10,307$6,830
11 years$13,980$12,501$11,162$9,953$8,864$5,594
12 years$12,684$11,221$9,906$8,730$7,682$4,611
13 years$11,588$10,140$8,851$7,708$6,699$3,820
14 years$10,649$9,217$7,952$6,842$5,872$3,178
15 years$9,837$8,420$7,180$6,102$5,170$2,653
16 years$9,127$7,725$6,510$5,463$4,569$2,221
17 years$8,501$7,115$5,924$4,909$4,052$1,863
18 years$7,945$6,574$5,407$4,424$3,602$1,566
19 years$7,448$6,093$4,950$3,997$3,211$1,318
20 years$7,001$5,662$4,543$3,620$2,868$1,111
21 years$6,598$5,274$4,179$3,286$2,567$938
22 years$6,231$4,923$3,851$2,987$2,301$792
23 years$5,897$4,604$3,556$2,721$2,065$670
24 years$5,592$4,314$3,289$2,481$1,856$566
25 years$5,311$4,048$3,046$2,266$1,670$479
26 years$5,052$3,805$2,825$2,072$1,505$406
27 years$4,813$3,581$2,623$1,897$1,356$344
28 years$4,591$3,374$2,439$1,738$1,224$291
29 years$4,385$3,183$2,269$1,594$1,105$247
30 years$4,193$3,006$2,114$1,462$999$209
31 years$4,014$2,842$1,971$1,343$903$178
32 years$3,846$2,689$1,839$1,234$817$151
33 years$3,689$2,546$1,717$1,135$739$128
34 years$3,542$2,413$1,604$1,044$669$108
35 years$3,403$2,289$1,500$961$606$92
36 years$3,272$2,173$1,403$885$549$78
37 years$3,148$2,064$1,313$816$498$66
38 years$3,032$1,961$1,230$752$451$56
39 years$2,921$1,865$1,152$693$409$48
40 years$2,816$1,774$1,080$640$371$40
41 years$2,717$1,689$1,013$590$337$34
42 years$2,623$1,608$950$545$306$29
43 years$2,533$1,533$891$503$277$25
44 years$2,448$1,461$837$464$252$21
45 years$2,366$1,393$786$429$228$18
46 years$2,289$1,329$738$396$207$15
47 years$2,215$1,268$693$366$188$13
48 years$2,144$1,211$651$338$171$11
49 years$2,076$1,156$612$312$155$9
50 years$2,011$1,104$576$289$141$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $2,060,000, adding $5,032 every year, while hoping to spend $25,030 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: 44/39/17 Blend
64$2,060,000$2,060,000$2,060,000$2,060,000
65$2,275,311$2,166,131$2,134,201$2,364,045
66$2,480,760$2,245,639$2,179,064$2,506,291
67$2,706,327$2,328,205$2,224,593$2,657,500
68$2,954,037$2,413,951$2,270,780$2,820,864
69$3,226,120$2,503,006$2,317,623$2,997,517
70$3,525,035$2,595,504$2,365,114$3,188,705
71$3,853,490$2,691,585$2,413,247$3,395,797
72$4,214,467$2,791,394$2,462,012$3,620,297
73$4,611,254$2,895,083$2,511,400$3,863,858
74$5,047,470$3,002,811$2,561,401$4,128,301
75$5,527,106$3,114,742$2,612,001$4,415,624
76$6,054,555$3,231,049$2,663,188$4,728,027
77$6,634,660$3,351,911$2,714,945$5,067,927
78$7,272,756$3,477,515$2,767,256$5,437,986
79$7,974,721$3,608,057$2,820,103$5,841,130
80$8,747,031$3,743,740$2,873,464$6,280,580
81$9,596,821$3,884,776$2,927,319$6,759,878
82$10,531,953$4,031,387$2,981,641$7,282,922
83$11,561,092$4,183,805$3,036,405$7,854,004
84$12,693,781$4,342,269$3,091,583$8,477,845
85$13,940,539$4,507,032$3,147,142$9,159,643
86$15,312,953$4,678,356$3,203,051$9,905,118
87$16,823,794$4,856,515$3,259,273$10,720,568
88$18,487,132$5,041,795$3,315,770$11,612,925
89$20,318,471$5,234,494$3,372,499$12,589,823
90$22,334,894$5,434,924$3,429,417$13,659,663
91$24,555,226$5,643,408$3,486,475$14,831,698
92$27,000,210$5,860,286$3,543,624$16,116,117
93$29,692,704$6,085,913$3,600,808$17,524,138
94$32,657,895$6,320,657$3,657,969$19,068,114
95$35,923,535$6,564,905$3,715,046$20,761,649
96$39,520,209$6,819,058$3,771,974$22,619,727
97$43,481,617$7,083,538$3,828,681$24,658,847
98$47,844,894$7,358,784$3,885,094$26,897,182
99$52,650,961$7,645,253$3,941,133$29,354,749
100$57,944,914$7,943,425$3,996,715$32,053,594