Can I retire at age 65 with 2,090,000?

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 $2,090,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$172,590$171,053$169,553$168,089$166,660$165,332
2 years$85,441$83,849$82,307$80,812$79,362$78,024
3 years$56,395$54,797$53,258$51,777$50,350$49,043
4 years$41,874$40,281$38,758$37,302$35,910$34,644
5 years$33,165$31,581$30,078$28,652$27,298$26,077
6 years$27,360$25,788$24,308$22,913$21,600$20,425
7 years$23,215$21,657$20,200$18,838$17,567$16,438
8 years$20,108$18,564$17,131$15,803$14,573$13,491
9 years$17,693$16,163$14,755$13,461$12,273$11,237
10 years$15,762$14,247$12,864$11,603$10,457$9,467
11 years$14,183$12,683$11,325$10,098$8,993$8,048
12 years$12,868$11,384$10,051$8,857$7,794$6,893
13 years$11,757$10,288$8,980$7,820$6,796$5,938
14 years$10,804$9,351$8,068$6,942$5,957$5,142
15 years$9,980$8,543$7,284$6,191$5,245$4,471
16 years$9,259$7,838$6,604$5,543$4,636$3,901
17 years$8,624$7,218$6,010$4,980$4,111$3,414
18 years$8,060$6,670$5,486$4,488$3,655$2,996
19 years$7,556$6,182$5,022$4,056$3,258$2,635
20 years$7,103$5,744$4,609$3,673$2,910$2,321
21 years$6,694$5,351$4,240$3,334$2,604$2,049
22 years$6,322$4,995$3,907$3,031$2,334$1,811
23 years$5,983$4,671$3,608$2,760$2,095$1,603
24 years$5,673$4,377$3,337$2,518$1,883$1,420
25 years$5,388$4,107$3,090$2,299$1,695$1,259
26 years$5,126$3,860$2,866$2,102$1,526$1,118
27 years$4,883$3,633$2,662$1,924$1,376$993
28 years$4,658$3,423$2,474$1,763$1,242$883
29 years$4,449$3,229$2,302$1,617$1,121$785
30 years$4,254$3,050$2,145$1,484$1,013$698
31 years$4,072$2,883$1,999$1,363$916$622
32 years$3,902$2,728$1,865$1,252$829$554
33 years$3,743$2,584$1,742$1,152$750$493
34 years$3,593$2,449$1,627$1,060$679$440
35 years$3,452$2,322$1,522$975$615$392
36 years$3,319$2,204$1,423$898$557$350
37 years$3,194$2,094$1,332$828$505$312
38 years$3,076$1,990$1,248$763$458$278
39 years$2,964$1,892$1,169$703$415$248
40 years$2,857$1,800$1,096$649$377$222
41 years$2,757$1,714$1,027$599$342$198
42 years$2,661$1,632$964$552$310$177
43 years$2,570$1,555$904$510$281$158
44 years$2,483$1,482$849$471$255$141
45 years$2,401$1,413$797$435$232$126
46 years$2,322$1,348$749$402$210$112
47 years$2,247$1,287$703$371$191$100
48 years$2,175$1,228$661$343$174$90
49 years$2,106$1,173$621$317$158$80
50 years$2,041$1,120$584$293$143$71

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $2,090,000, adding $2,465 every year, while hoping to spend $27,750 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: 68/11/21 Blend
64$2,090,000$2,090,000$2,090,000$2,090,000
65$2,305,723$2,194,953$2,162,558$2,450,235
66$2,511,381$2,272,980$2,205,478$2,625,288
67$2,737,086$2,353,900$2,248,905$2,813,261
68$2,984,853$2,437,826$2,292,828$3,018,223
69$3,256,903$2,524,874$2,337,233$3,241,850
70$3,555,682$2,615,168$2,382,105$3,485,984
71$3,883,883$2,708,832$2,427,427$3,752,655
72$4,244,475$2,806,001$2,473,181$4,044,099
73$4,640,726$2,906,810$2,519,348$4,362,778
74$5,076,240$3,011,403$2,565,906$4,711,403
75$5,554,984$3,119,930$2,612,832$5,092,960
76$6,081,331$3,232,544$2,660,100$5,510,737
77$6,660,096$3,349,409$2,707,683$5,968,356
78$7,296,588$3,470,692$2,755,552$6,469,809
79$7,996,652$3,596,568$2,803,675$7,019,489
80$8,766,731$3,727,220$2,852,019$7,622,237
81$9,613,922$3,862,838$2,900,546$8,283,387
82$10,546,046$4,003,621$2,949,218$9,008,812
83$11,571,718$4,149,774$2,997,993$9,804,986
84$12,700,434$4,301,514$3,046,826$10,679,037
85$13,942,653$4,459,063$3,095,669$11,638,819
86$15,309,902$4,622,655$3,144,472$12,692,987
87$16,814,880$4,792,534$3,193,181$13,851,073
88$18,471,583$4,968,953$3,241,737$15,123,581
89$20,295,430$5,152,177$3,290,081$16,522,083
90$22,303,410$5,342,480$3,338,145$18,059,330
91$24,514,247$5,540,151$3,385,862$19,749,368
92$26,948,570$5,745,488$3,433,158$21,607,676
93$29,629,111$5,958,803$3,479,955$23,651,308
94$32,580,918$6,180,422$3,526,171$25,899,052
95$35,831,592$6,410,684$3,571,719$28,371,615
96$39,411,550$6,649,943$3,616,507$31,091,807
97$43,354,305$6,898,567$3,660,437$34,084,766
98$47,696,788$7,156,941$3,703,406$37,378,188
99$52,479,696$7,425,466$3,745,305$41,002,592
100$57,747,872$7,704,561$3,786,020$44,991,605