Can I retire at age 66 with 1,820,000?

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 $1,820,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17%
1 years$150,294$148,955$147,649$146,374$145,129$140,992
2 years$74,403$73,017$71,674$70,372$69,109$64,973
3 years$49,109$47,718$46,378$45,088$43,846$39,841
4 years$36,465$35,077$33,751$32,483$31,271$27,428
5 years$28,880$27,501$26,192$24,950$23,772$20,100
6 years$23,825$22,457$21,167$19,953$18,810$15,314
7 years$20,216$18,859$17,590$16,405$15,297$11,977
8 years$17,511$16,166$14,918$13,761$12,691$9,544
9 years$15,407$14,075$12,849$11,722$10,687$7,711
10 years$13,726$12,407$11,202$10,104$9,106$6,296
11 years$12,351$11,045$9,862$8,794$7,832$5,184
12 years$11,206$9,913$8,752$7,713$6,787$4,295
13 years$10,238$8,959$7,820$6,810$5,918$3,578
14 years$9,409$8,143$7,026$6,045$5,188$2,993
15 years$8,691$7,439$6,343$5,391$4,568$2,513
16 years$8,063$6,825$5,751$4,827$4,037$2,115
17 years$7,510$6,286$5,233$4,337$3,579$1,785
18 years$7,019$5,808$4,777$3,908$3,183$1,509
19 years$6,580$5,383$4,373$3,532$2,837$1,278
20 years$6,186$5,002$4,014$3,199$2,534$1,084
21 years$5,829$4,659$3,692$2,903$2,268$921
22 years$5,505$4,349$3,403$2,639$2,033$783
23 years$5,210$4,068$3,142$2,404$1,825$666
24 years$4,940$3,811$2,906$2,192$1,640$567
25 years$4,692$3,577$2,691$2,002$1,476$483
26 years$4,464$3,362$2,496$1,831$1,329$411
27 years$4,252$3,164$2,318$1,676$1,198$351
28 years$4,056$2,981$2,155$1,535$1,081$299
29 years$3,874$2,812$2,005$1,408$976$255
30 years$3,705$2,656$1,868$1,292$882$218
31 years$3,546$2,511$1,741$1,187$798$186
32 years$3,398$2,376$1,624$1,091$722$159
33 years$3,259$2,250$1,517$1,003$653$136
34 years$3,129$2,132$1,417$923$591$116
35 years$3,006$2,022$1,325$849$535$99
36 years$2,891$1,920$1,239$782$485$84
37 years$2,781$1,823$1,160$721$440$72
38 years$2,678$1,733$1,086$664$399$62
39 years$2,581$1,648$1,018$613$362$53
40 years$2,488$1,568$954$565$328$45
41 years$2,400$1,492$895$521$297$38
42 years$2,317$1,421$839$481$270$33
43 years$2,238$1,354$787$444$245$28
44 years$2,162$1,291$739$410$222$24
45 years$2,091$1,231$694$379$202$20
46 years$2,022$1,174$652$350$183$18
47 years$1,957$1,120$612$323$166$15
48 years$1,894$1,070$575$299$151$13
49 years$1,834$1,021$541$276$137$11
50 years$1,777$976$509$255$125$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $1,820,000, adding $6,009 every year, while hoping to spend $44,634 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: 56/21/23 Blend
65$1,820,000$1,820,000$1,820,000$1,820,000
66$2,011,838$1,915,378$1,887,168$2,111,608
67$2,169,556$1,961,742$1,902,898$2,226,924
68$2,341,864$2,008,881$1,917,659$2,347,264
69$2,530,205$2,056,787$1,931,371$2,477,422
70$2,736,165$2,105,448$1,943,951$2,618,353
71$2,961,491$2,154,853$1,955,311$2,771,113
72$3,208,107$2,204,984$1,965,358$2,936,864
73$3,478,131$2,255,825$1,973,994$3,116,885
74$3,773,895$2,307,356$1,981,118$3,312,587
75$4,097,969$2,359,552$1,986,622$3,525,526
76$4,453,181$2,412,390$1,990,393$3,757,414
77$4,842,647$2,465,838$1,992,312$4,010,140
78$5,269,798$2,519,866$1,992,257$4,285,786
79$5,738,415$2,574,437$1,990,095$4,586,644
80$6,252,660$2,629,511$1,985,690$4,915,244
81$6,817,120$2,685,046$1,978,899$5,274,371
82$7,436,845$2,740,992$1,969,571$5,667,096
83$8,117,400$2,797,297$1,957,548$6,096,805
84$8,864,915$2,853,905$1,942,666$6,567,228
85$9,686,141$2,910,751$1,924,750$7,082,478
86$10,588,519$2,967,769$1,903,621$7,647,087
87$11,580,242$3,024,884$1,879,086$8,266,052
88$12,670,339$3,082,016$1,850,948$8,944,879
89$13,868,757$3,139,078$1,818,998$9,689,638
90$15,186,454$3,195,977$1,783,018$10,507,019
91$16,635,503$3,252,610$1,742,780$11,404,396
92$18,229,207$3,308,870$1,698,045$12,389,899
93$19,982,219$3,364,638$1,648,564$13,472,485
94$21,910,689$3,419,789$1,594,074$14,662,030
95$24,032,406$3,474,185$1,534,302$15,969,419
96$26,366,974$3,527,683$1,468,963$17,406,649
97$28,935,990$3,580,124$1,397,758$18,986,943
98$31,763,253$3,631,342$1,320,375$20,724,876
99$34,874,983$3,681,156$1,236,487$22,636,515
100$38,300,075$3,729,377$1,145,752$24,739,565