Can I retire at age 65 with 2,070,000?

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 $2,070,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$170,939$169,416$167,930$166,481$165,065$164,369
2 years$84,623$83,047$81,520$80,039$78,602$77,900
3 years$55,855$54,272$52,749$51,282$49,868$49,181
4 years$41,474$39,896$38,387$36,945$35,567$34,900
5 years$32,847$31,279$29,790$28,378$27,037$26,393
6 years$27,098$25,541$24,075$22,694$21,394$20,772
7 years$22,993$21,450$20,006$18,658$17,399$16,801
8 years$19,916$18,386$16,967$15,652$14,434$13,860
9 years$17,524$16,009$14,614$13,332$12,155$11,605
10 years$15,611$14,111$12,741$11,492$10,357$9,830
11 years$14,047$12,562$11,217$10,002$8,907$8,403
12 years$12,745$11,275$9,954$8,773$7,719$7,237
13 years$11,644$10,189$8,894$7,745$6,731$6,271
14 years$10,701$9,262$7,991$6,875$5,900$5,462
15 years$9,885$8,461$7,215$6,131$5,195$4,777
16 years$9,171$7,763$6,541$5,490$4,592$4,194
17 years$8,542$7,149$5,952$4,933$4,071$3,694
18 years$7,983$6,606$5,434$4,445$3,620$3,262
19 years$7,484$6,122$4,974$4,017$3,226$2,887
20 years$7,035$5,689$4,565$3,638$2,882$2,560
21 years$6,630$5,299$4,199$3,302$2,579$2,275
22 years$6,262$4,947$3,870$3,002$2,312$2,024
23 years$5,926$4,627$3,573$2,734$2,075$1,803
24 years$5,619$4,335$3,305$2,494$1,865$1,609
25 years$5,337$4,068$3,061$2,277$1,678$1,437
26 years$5,077$3,823$2,839$2,082$1,512$1,284
27 years$4,836$3,598$2,636$1,906$1,363$1,149
28 years$4,614$3,391$2,451$1,746$1,230$1,028
29 years$4,407$3,199$2,280$1,601$1,111$921
30 years$4,214$3,021$2,124$1,470$1,003$826
31 years$4,034$2,856$1,980$1,350$907$741
32 years$3,865$2,702$1,848$1,240$821$665
33 years$3,707$2,559$1,725$1,141$743$597
34 years$3,559$2,425$1,612$1,050$672$536
35 years$3,419$2,300$1,507$966$609$481
36 years$3,288$2,183$1,410$890$552$432
37 years$3,164$2,074$1,320$820$500$389
38 years$3,046$1,971$1,236$756$453$349
39 years$2,935$1,874$1,158$697$411$314
40 years$2,830$1,783$1,085$643$373$283
41 years$2,730$1,697$1,017$593$338$254
42 years$2,635$1,616$954$547$307$229
43 years$2,545$1,540$896$505$279$206
44 years$2,459$1,468$841$466$253$185
45 years$2,378$1,400$789$431$230$167
46 years$2,300$1,335$741$398$208$150
47 years$2,225$1,274$697$368$189$135
48 years$2,154$1,217$655$340$172$122
49 years$2,086$1,162$615$314$156$109
50 years$2,021$1,110$578$290$142$98

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $2,070,000, adding $4,535 every year, while hoping to spend $37,435 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: 51/40/9 Blend
64$2,070,000$2,070,000$2,070,000$2,070,000
65$2,285,818$2,176,108$2,144,023$2,396,847
66$2,479,141$2,242,907$2,176,017$2,539,825
67$2,690,928$2,311,724$2,207,828$2,690,782
68$2,923,023$2,382,619$2,239,411$2,854,006
69$3,177,457$2,455,653$2,270,717$3,030,660
70$3,456,466$2,530,888$2,301,695$3,222,022
71$3,762,514$2,608,390$2,332,290$3,429,498
72$4,098,314$2,688,225$2,362,445$3,654,637
73$4,466,854$2,770,459$2,392,099$3,899,141
74$4,871,426$2,855,165$2,421,187$4,164,883
75$5,315,656$2,942,413$2,449,642$4,453,925
76$5,803,540$3,032,278$2,477,391$4,768,537
77$6,339,476$3,124,835$2,504,359$5,111,217
78$6,928,314$3,220,163$2,530,466$5,484,715
79$7,575,392$3,318,341$2,555,627$5,892,058
80$8,286,595$3,419,452$2,579,753$6,336,579
81$9,068,403$3,523,581$2,602,751$6,821,947
82$9,927,958$3,630,815$2,624,521$7,352,203
83$10,873,127$3,741,242$2,644,959$7,931,797
84$11,912,577$3,854,954$2,663,957$8,565,629
85$13,055,859$3,972,046$2,681,398$9,259,093
86$14,313,494$4,092,613$2,697,162$10,018,134
87$15,697,074$4,216,755$2,711,121$10,849,297
88$17,219,373$4,344,574$2,723,142$11,759,790
89$18,894,465$4,476,173$2,733,082$12,757,554
90$20,737,855$4,611,660$2,740,795$13,851,335
91$22,766,630$4,751,146$2,746,126$15,050,768
92$24,999,616$4,894,741$2,748,910$16,366,466
93$27,457,556$5,042,563$2,748,978$17,810,119
94$30,163,307$5,194,729$2,746,149$19,394,608
95$33,142,055$5,351,361$2,740,236$21,134,120
96$36,421,551$5,512,585$2,731,041$23,044,286
97$40,032,375$5,678,526$2,718,356$25,142,328
98$44,008,221$5,849,318$2,701,964$27,447,217
99$48,386,218$6,025,093$2,681,639$29,979,857
100$53,207,280$6,205,990$2,657,141$32,763,276