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%14.2%
1 years$151,120$149,774$148,460$147,178$145,927$143,391
2 years$74,812$73,418$72,068$70,759$69,489$66,943
3 years$49,379$47,980$46,633$45,336$44,087$41,609
4 years$36,665$35,270$33,937$32,662$31,443$29,053
5 years$29,039$27,652$26,336$25,088$23,902$21,607
6 years$23,956$22,580$21,284$20,063$18,913$16,715
7 years$20,327$18,963$17,687$16,495$15,381$13,281
8 years$17,607$16,255$15,000$13,837$12,760$10,757
9 years$15,492$14,153$12,919$11,786$10,746$8,839
10 years$13,801$12,475$11,263$10,160$9,156$7,343
11 years$12,419$11,106$9,916$8,842$7,875$6,154
12 years$11,267$9,968$8,800$7,756$6,824$5,194
13 years$10,294$9,008$7,862$6,847$5,951$4,408
14 years$9,460$8,188$7,064$6,078$5,216$3,759
15 years$8,739$7,480$6,378$5,421$4,593$3,218
16 years$8,108$6,863$5,783$4,853$4,059$2,763
17 years$7,551$6,320$5,262$4,361$3,599$2,380
18 years$7,058$5,840$4,804$3,930$3,200$2,054
19 years$6,616$5,413$4,398$3,551$2,852$1,776
20 years$6,220$5,030$4,036$3,216$2,548$1,539
21 years$5,861$4,685$3,712$2,919$2,280$1,335
22 years$5,536$4,373$3,421$2,654$2,044$1,159
23 years$5,239$4,090$3,159$2,417$1,835$1,008
24 years$4,967$3,832$2,922$2,204$1,649$877
25 years$4,718$3,596$2,706$2,013$1,484$764
26 years$4,488$3,380$2,510$1,841$1,337$666
27 years$4,276$3,181$2,330$1,685$1,205$581
28 years$4,079$2,997$2,166$1,544$1,087$507
29 years$3,896$2,828$2,016$1,416$982$442
30 years$3,725$2,670$1,878$1,299$887$386
31 years$3,566$2,524$1,751$1,193$802$338
32 years$3,417$2,389$1,633$1,097$726$295
33 years$3,277$2,262$1,525$1,008$657$258
34 years$3,146$2,144$1,425$928$594$225
35 years$3,023$2,034$1,332$854$538$197
36 years$2,906$1,930$1,246$787$488$172
37 years$2,797$1,833$1,167$725$442$151
38 years$2,693$1,742$1,092$668$401$132
39 years$2,595$1,657$1,023$616$364$115
40 years$2,502$1,576$959$568$330$101
41 years$2,414$1,500$899$524$299$88
42 years$2,330$1,429$844$484$271$77
43 years$2,250$1,361$792$447$246$68
44 years$2,174$1,298$743$412$224$59
45 years$2,102$1,237$698$381$203$52
46 years$2,033$1,181$655$352$184$45
47 years$1,967$1,127$616$325$167$40
48 years$1,904$1,075$579$300$152$35
49 years$1,844$1,027$544$278$138$30
50 years$1,787$981$511$257$125$27

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 $2,024 every year, while hoping to spend $37,884 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: 73/20/7 Blend
65$1,830,000$1,830,000$1,830,000$1,830,000
66$2,018,748$1,921,758$1,893,393$2,163,983
67$2,184,352$1,975,616$1,916,513$2,313,849
68$2,365,578$2,030,843$1,939,138$2,472,971
69$2,563,979$2,087,466$1,961,212$2,646,167
70$2,781,266$2,145,514$1,982,674$2,834,814
71$3,019,323$2,205,012$2,003,461$3,040,428
72$3,280,224$2,265,988$2,023,507$3,264,681
73$3,566,255$2,328,469$2,042,743$3,509,409
74$3,879,931$2,392,482$2,061,093$3,776,639
75$4,224,025$2,458,054$2,078,480$4,068,601
76$4,601,589$2,525,212$2,094,823$4,387,749
77$5,015,986$2,593,983$2,110,034$4,736,788
78$5,470,920$2,664,391$2,124,024$5,118,698
79$5,970,472$2,736,464$2,136,696$5,536,760
80$6,519,135$2,810,226$2,147,951$5,994,587
81$7,121,862$2,885,703$2,157,683$6,496,160
82$7,784,107$2,962,917$2,165,780$7,045,865
83$8,511,879$3,041,893$2,172,127$7,648,532
84$9,311,799$3,122,654$2,176,601$8,309,483
85$10,191,159$3,205,221$2,179,074$9,034,581
86$11,157,995$3,289,614$2,179,410$9,830,284
87$12,221,159$3,375,854$2,177,469$10,703,708
88$13,390,405$3,463,959$2,173,102$11,662,692
89$14,676,479$3,553,945$2,166,154$12,715,875
90$16,091,220$3,645,829$2,156,460$13,872,771
91$17,647,674$3,739,623$2,143,851$15,143,866
92$19,360,213$3,835,341$2,128,146$16,540,712
93$21,244,674$3,932,993$2,109,159$18,076,038
94$23,318,506$4,032,585$2,086,691$19,763,868
95$25,600,936$4,134,124$2,060,537$21,619,657
96$28,113,148$4,237,612$2,030,482$23,660,430
97$30,878,484$4,343,050$1,996,298$25,904,951
98$33,922,665$4,450,435$1,957,750$28,373,892
99$37,274,032$4,559,762$1,914,589$31,090,034
100$40,963,813$4,671,019$1,866,558$34,078,479