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%16%
1 years$151,120$149,774$148,460$147,178$145,927$142,341
2 years$74,812$73,418$72,068$70,759$69,489$65,899
3 years$49,379$47,980$46,633$45,336$44,087$40,604
4 years$36,665$35,270$33,937$32,662$31,443$28,095
5 years$29,039$27,652$26,336$25,088$23,902$20,698
6 years$23,956$22,580$21,284$20,063$18,913$15,855
7 years$20,327$18,963$17,687$16,495$15,381$12,471
8 years$17,607$16,255$15,000$13,837$12,760$9,996
9 years$15,492$14,153$12,919$11,786$10,746$8,125
10 years$13,801$12,475$11,263$10,160$9,156$6,676
11 years$12,419$11,106$9,916$8,842$7,875$5,531
12 years$11,267$9,968$8,800$7,756$6,824$4,614
13 years$10,294$9,008$7,862$6,847$5,951$3,869
14 years$9,460$8,188$7,064$6,078$5,216$3,259
15 years$8,739$7,480$6,378$5,421$4,593$2,755
16 years$8,108$6,863$5,783$4,853$4,059$2,336
17 years$7,551$6,320$5,262$4,361$3,599$1,986
18 years$7,058$5,840$4,804$3,930$3,200$1,692
19 years$6,616$5,413$4,398$3,551$2,852$1,444
20 years$6,220$5,030$4,036$3,216$2,548$1,234
21 years$5,861$4,685$3,712$2,919$2,280$1,056
22 years$5,536$4,373$3,421$2,654$2,044$904
23 years$5,239$4,090$3,159$2,417$1,835$775
24 years$4,967$3,832$2,922$2,204$1,649$665
25 years$4,718$3,596$2,706$2,013$1,484$571
26 years$4,488$3,380$2,510$1,841$1,337$491
27 years$4,276$3,181$2,330$1,685$1,205$422
28 years$4,079$2,997$2,166$1,544$1,087$363
29 years$3,896$2,828$2,016$1,416$982$312
30 years$3,725$2,670$1,878$1,299$887$268
31 years$3,566$2,524$1,751$1,193$802$231
32 years$3,417$2,389$1,633$1,097$726$199
33 years$3,277$2,262$1,525$1,008$657$171
34 years$3,146$2,144$1,425$928$594$147
35 years$3,023$2,034$1,332$854$538$127
36 years$2,906$1,930$1,246$787$488$109
37 years$2,797$1,833$1,167$725$442$94
38 years$2,693$1,742$1,092$668$401$81
39 years$2,595$1,657$1,023$616$364$70
40 years$2,502$1,576$959$568$330$60
41 years$2,414$1,500$899$524$299$52
42 years$2,330$1,429$844$484$271$45
43 years$2,250$1,361$792$447$246$39
44 years$2,174$1,298$743$412$224$33
45 years$2,102$1,237$698$381$203$29
46 years$2,033$1,181$655$352$184$25
47 years$1,967$1,127$616$325$167$21
48 years$1,904$1,075$579$300$152$18
49 years$1,844$1,027$544$278$138$16
50 years$1,787$981$511$257$125$14

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 $5,396 every year, while hoping to spend $31,974 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: 31/50/19 Blend
65$1,830,000$1,830,000$1,830,000$1,830,000
66$2,022,226$1,925,236$1,896,871$2,072,750
67$2,194,473$1,985,552$1,926,396$2,171,501
68$2,383,217$2,047,753$1,955,839$2,274,452
69$2,590,109$2,111,896$1,985,162$2,384,600
70$2,816,962$2,178,041$2,014,328$2,502,590
71$3,065,779$2,246,252$2,043,294$2,629,128
72$3,338,762$2,316,591$2,072,018$2,764,994
73$3,638,338$2,389,126$2,100,453$2,911,042
74$3,967,179$2,463,925$2,128,549$3,068,210
75$4,328,231$2,541,057$2,156,255$3,237,532
76$4,724,737$2,620,595$2,183,516$3,420,143
77$5,160,270$2,702,614$2,210,273$3,617,291
78$5,638,766$2,787,190$2,236,466$3,830,350
79$6,164,561$2,874,403$2,262,028$4,060,829
80$6,742,432$2,964,335$2,286,893$4,310,391
81$7,377,643$3,057,070$2,310,986$4,580,862
82$8,075,990$3,152,695$2,334,232$4,874,255
83$8,843,863$3,251,299$2,356,551$5,192,782
84$9,688,299$3,352,974$2,377,857$5,538,881
85$10,617,051$3,457,815$2,398,061$5,915,231
86$11,638,663$3,565,921$2,417,069$6,324,786
87$12,762,548$3,677,393$2,434,782$6,770,793
88$13,999,077$3,792,334$2,451,096$7,256,830
89$15,359,676$3,910,851$2,465,901$7,786,836
90$16,856,936$4,033,056$2,479,082$8,365,148
91$18,504,730$4,159,062$2,490,517$8,996,539
92$20,318,343$4,288,987$2,500,080$9,686,270
93$22,314,617$4,422,950$2,507,636$10,440,130
94$24,512,111$4,561,078$2,513,045$11,264,498
95$26,931,274$4,703,498$2,516,159$12,166,398
96$29,594,637$4,850,343$2,516,824$13,153,567
97$32,527,030$5,001,750$2,514,877$14,234,526
98$35,755,809$5,157,858$2,510,148$15,418,661
99$39,311,121$5,318,812$2,502,457$16,716,312
100$43,226,184$5,484,762$2,491,618$18,138,869