Is $2 Million Enough to Retire?
$2 million can support very different lifestyles depending on taxes, housing, health costs, location, retirement age and other income.
Change the inputs and compare scenarios with the related RetirementMetric calculator.
Open the calculatorTranslate $2 million into withdrawals
At 3%, the first-year illustration is $60,000; at 3.5%, $70,000; at 4%, $80,000 before taxes.
Add Social Security separately
Portfolio withdrawals and Social Security are distinct income sources. Estimate both, then compare the combined cash flow with expected expenses.
Plan for inflation
A fixed nominal dollar amount buys less over a long retirement. Include inflation when estimating future spending needs.
How to use this number responsibly
Use the result as a planning range rather than a forecast. Re-run the calculation when your balance, contribution rate, debt, retirement date, tax situation or spending target changes. For investment projections, compare multiple return assumptions because future market returns are unknown.
What this calculator does not know
RetirementMetric does not know your complete tax situation, benefits, investment holdings, insurance needs or household expenses. The tools are educational estimates, not individualized investment, tax or legal advice.
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