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%13.9%
1 years$170,113$168,598$167,119$165,676$164,267$161,612
2 years$84,214$82,646$81,126$79,652$78,223$75,555
3 years$55,585$54,010$52,494$51,034$49,628$47,031
4 years$41,273$39,703$38,202$36,767$35,395$32,888
5 years$32,689$31,128$29,646$28,241$26,907$24,498
6 years$26,967$25,418$23,959$22,584$21,290$18,982
7 years$22,882$21,346$19,910$18,568$17,315$15,108
8 years$19,820$18,298$16,885$15,576$14,364$12,258
9 years$17,439$15,931$14,543$13,267$12,097$10,090
10 years$15,536$14,043$12,679$11,437$10,307$8,398
11 years$13,980$12,501$11,162$9,953$8,864$7,052
12 years$12,684$11,221$9,906$8,730$7,682$5,963
13 years$11,588$10,140$8,851$7,708$6,699$5,071
14 years$10,649$9,217$7,952$6,842$5,872$4,333
15 years$9,837$8,420$7,180$6,102$5,170$3,716
16 years$9,127$7,725$6,510$5,463$4,569$3,198
17 years$8,501$7,115$5,924$4,909$4,052$2,760
18 years$7,945$6,574$5,407$4,424$3,602$2,387
19 years$7,448$6,093$4,950$3,997$3,211$2,069
20 years$7,001$5,662$4,543$3,620$2,868$1,797
21 years$6,598$5,274$4,179$3,286$2,567$1,562
22 years$6,231$4,923$3,851$2,987$2,301$1,360
23 years$5,897$4,604$3,556$2,721$2,065$1,185
24 years$5,592$4,314$3,289$2,481$1,856$1,034
25 years$5,311$4,048$3,046$2,266$1,670$903
26 years$5,052$3,805$2,825$2,072$1,505$789
27 years$4,813$3,581$2,623$1,897$1,356$689
28 years$4,591$3,374$2,439$1,738$1,224$603
29 years$4,385$3,183$2,269$1,594$1,105$528
30 years$4,193$3,006$2,114$1,462$999$462
31 years$4,014$2,842$1,971$1,343$903$405
32 years$3,846$2,689$1,839$1,234$817$354
33 years$3,689$2,546$1,717$1,135$739$311
34 years$3,542$2,413$1,604$1,044$669$272
35 years$3,403$2,289$1,500$961$606$239
36 years$3,272$2,173$1,403$885$549$209
37 years$3,148$2,064$1,313$816$498$184
38 years$3,032$1,961$1,230$752$451$161
39 years$2,921$1,865$1,152$693$409$141
40 years$2,816$1,774$1,080$640$371$124
41 years$2,717$1,689$1,013$590$337$109
42 years$2,623$1,608$950$545$306$95
43 years$2,533$1,533$891$503$277$84
44 years$2,448$1,461$837$464$252$73
45 years$2,366$1,393$786$429$228$64
46 years$2,289$1,329$738$396$207$57
47 years$2,215$1,268$693$366$188$50
48 years$2,144$1,211$651$338$171$44
49 years$2,076$1,156$612$312$155$38
50 years$2,011$1,104$576$289$141$34

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 $3,463 every year, while hoping to spend $50,222 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: 60/32/8 Blend
64$2,060,000$2,060,000$2,060,000$2,060,000
65$2,273,692$2,164,512$2,132,582$2,405,986
66$2,452,173$2,217,137$2,150,588$2,547,687
67$2,647,175$2,270,658$2,167,513$2,696,122
68$2,860,332$2,325,065$2,183,270$2,856,766
69$3,093,440$2,380,347$2,197,763$3,030,794
70$3,348,477$2,436,490$2,210,895$3,219,504
71$3,627,622$2,493,479$2,222,560$3,424,321
72$3,933,275$2,551,295$2,232,651$3,646,817
73$4,268,077$2,609,916$2,241,053$3,888,722
74$4,634,937$2,669,319$2,247,645$4,151,941
75$5,037,060$2,729,474$2,252,300$4,438,575
76$5,477,974$2,790,353$2,254,886$4,750,933
77$5,961,566$2,851,919$2,255,264$5,091,565
78$6,492,117$2,914,134$2,253,286$5,463,274
79$7,074,342$2,976,955$2,248,800$5,869,153
80$7,713,435$3,040,336$2,241,645$6,312,606
81$8,415,117$3,104,224$2,231,652$6,797,384
82$9,185,690$3,168,562$2,218,643$7,327,622
83$10,032,097$3,233,288$2,202,434$7,907,873
84$10,961,986$3,298,334$2,182,830$8,543,156
85$11,983,781$3,363,626$2,159,628$9,239,000
86$13,106,766$3,429,082$2,132,614$10,001,497
87$14,341,165$3,494,616$2,101,566$10,837,362
88$15,698,244$3,560,132$2,066,249$11,753,993
89$17,190,415$3,625,529$2,026,418$12,759,540
90$18,831,352$3,690,695$1,981,818$13,862,989
91$20,636,122$3,755,511$1,932,181$15,074,238
92$22,621,324$3,819,848$1,877,226$16,404,197
93$24,805,246$3,883,568$1,816,660$17,864,888
94$27,208,039$3,946,521$1,750,177$19,469,559
95$29,851,906$4,008,547$1,677,454$21,232,812
96$32,761,310$4,069,475$1,598,158$23,170,735
97$35,963,205$4,129,121$1,511,938$25,301,060
98$39,487,290$4,187,287$1,418,427$27,643,330
99$43,366,292$4,243,762$1,317,242$30,219,078
100$47,636,267$4,298,320$1,207,984$33,052,039