Can I retire at age 66 with 1,830,000?

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 $1,830,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.2%
1 years$151,120$149,774$148,460$147,178$145,927$141,086
2 years$74,812$73,418$72,068$70,759$69,489$64,659
3 years$49,379$47,980$46,633$45,336$44,087$39,419
4 years$36,665$35,270$33,937$32,662$31,443$26,974
5 years$29,039$27,652$26,336$25,088$23,902$19,643
6 years$23,956$22,580$21,284$20,063$18,913$14,867
7 years$20,327$18,963$17,687$16,495$15,381$11,549
8 years$17,607$16,255$15,000$13,837$12,760$9,138
9 years$15,492$14,153$12,919$11,786$10,746$7,329
10 years$13,801$12,475$11,263$10,160$9,156$5,939
11 years$12,419$11,106$9,916$8,842$7,875$4,852
12 years$11,267$9,968$8,800$7,756$6,824$3,989
13 years$10,294$9,008$7,862$6,847$5,951$3,296
14 years$9,460$8,188$7,064$6,078$5,216$2,734
15 years$8,739$7,480$6,378$5,421$4,593$2,276
16 years$8,108$6,863$5,783$4,853$4,059$1,900
17 years$7,551$6,320$5,262$4,361$3,599$1,589
18 years$7,058$5,840$4,804$3,930$3,200$1,332
19 years$6,616$5,413$4,398$3,551$2,852$1,118
20 years$6,220$5,030$4,036$3,216$2,548$939
21 years$5,861$4,685$3,712$2,919$2,280$790
22 years$5,536$4,373$3,421$2,654$2,044$665
23 years$5,239$4,090$3,159$2,417$1,835$561
24 years$4,967$3,832$2,922$2,204$1,649$473
25 years$4,718$3,596$2,706$2,013$1,484$399
26 years$4,488$3,380$2,510$1,841$1,337$337
27 years$4,276$3,181$2,330$1,685$1,205$284
28 years$4,079$2,997$2,166$1,544$1,087$240
29 years$3,896$2,828$2,016$1,416$982$203
30 years$3,725$2,670$1,878$1,299$887$171
31 years$3,566$2,524$1,751$1,193$802$145
32 years$3,417$2,389$1,633$1,097$726$122
33 years$3,277$2,262$1,525$1,008$657$103
34 years$3,146$2,144$1,425$928$594$88
35 years$3,023$2,034$1,332$854$538$74
36 years$2,906$1,930$1,246$787$488$63
37 years$2,797$1,833$1,167$725$442$53
38 years$2,693$1,742$1,092$668$401$45
39 years$2,595$1,657$1,023$616$364$38
40 years$2,502$1,576$959$568$330$32
41 years$2,414$1,500$899$524$299$27
42 years$2,330$1,429$844$484$271$23
43 years$2,250$1,361$792$447$246$19
44 years$2,174$1,298$743$412$224$16
45 years$2,102$1,237$698$381$203$14
46 years$2,033$1,181$655$352$184$12
47 years$1,967$1,127$616$325$167$10
48 years$1,904$1,075$579$300$152$8
49 years$1,844$1,027$544$278$138$7
50 years$1,787$981$511$257$125$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $1,830,000, adding $5,110 every year, while hoping to spend $32,311 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: 23/49/28 Blend
65$1,830,000$1,830,000$1,830,000$1,830,000
66$2,021,931$1,924,941$1,896,576$2,050,449
67$2,193,789$1,984,884$1,925,733$2,135,511
68$2,382,094$2,046,682$1,954,783$2,223,472
69$2,588,489$2,110,391$1,983,690$2,316,960
70$2,814,784$2,176,069$2,012,412$2,416,453
71$3,062,973$2,243,777$2,040,909$2,522,476
72$3,335,251$2,313,577$2,069,134$2,635,603
73$3,634,036$2,385,532$2,097,040$2,756,466
74$3,961,994$2,459,709$2,124,577$2,885,760
75$4,322,057$2,536,175$2,151,690$3,024,249
76$4,717,460$2,615,000$2,178,324$3,172,771
77$5,151,761$2,696,256$2,204,419$3,332,247
78$5,628,885$2,780,016$2,229,911$3,503,694
79$6,153,152$2,866,358$2,254,733$3,688,225
80$6,729,323$2,955,359$2,278,817$3,887,067
81$7,362,643$3,047,100$2,302,086$4,101,570
82$8,058,889$3,141,665$2,324,463$4,333,219
83$8,824,429$3,239,140$2,345,865$4,583,647
84$9,666,275$3,339,612$2,366,206$4,854,652
85$10,592,154$3,443,172$2,385,393$5,148,213
86$11,610,580$3,549,914$2,403,330$5,466,508
87$12,730,934$3,659,935$2,419,916$5,811,935
88$13,963,550$3,773,332$2,435,044$6,187,134
89$15,319,816$3,890,209$2,448,602$6,595,010
90$16,812,279$4,010,671$2,460,472$7,038,765
91$18,454,763$4,134,825$2,470,529$7,521,922
92$20,262,500$4,262,784$2,478,643$8,048,360
93$22,252,276$4,394,660$2,484,678$8,622,355
94$24,442,583$4,530,573$2,488,490$9,248,612
95$26,853,799$4,670,644$2,489,927$9,932,315
96$29,508,379$4,814,998$2,488,832$10,679,173
97$32,431,063$4,963,763$2,485,038$11,495,477
98$35,649,116$5,117,072$2,478,371$12,388,154
99$39,192,578$5,275,061$2,468,649$13,364,835
100$43,094,552$5,437,869$2,455,679$14,433,927