Can I retire at age 66 with 1,850,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $1,850,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$152,771$151,410$150,083$148,787$147,522$145,558
2 years$75,629$74,221$72,856$71,532$70,248$68,273
3 years$49,919$48,504$47,142$45,831$44,568$42,643
4 years$37,066$35,656$34,308$33,019$31,787$29,926
5 years$29,356$27,954$26,624$25,362$24,164$22,373
6 years$24,218$22,827$21,516$20,282$19,120$17,401
7 years$20,550$19,170$17,880$16,675$15,550$13,904
8 years$17,799$16,432$15,164$13,988$12,900$11,327
9 years$15,661$14,307$13,061$11,915$10,864$9,362
10 years$13,952$12,611$11,386$10,271$9,256$7,826
11 years$12,554$11,227$10,024$8,939$7,961$6,600
12 years$11,391$10,077$8,896$7,840$6,899$5,606
13 years$10,407$9,106$7,948$6,922$6,016$4,789
14 years$9,564$8,277$7,142$6,144$5,273$4,111
15 years$8,834$7,562$6,448$5,480$4,643$3,543
16 years$8,196$6,938$5,846$4,907$4,104$3,064
17 years$7,634$6,389$5,320$4,408$3,638$2,658
18 years$7,135$5,904$4,856$3,973$3,235$2,310
19 years$6,689$5,472$4,446$3,590$2,884$2,013
20 years$6,288$5,085$4,080$3,251$2,576$1,757
21 years$5,925$4,736$3,753$2,951$2,305$1,535
22 years$5,596$4,421$3,459$2,683$2,066$1,344
23 years$5,296$4,135$3,194$2,443$1,855$1,178
24 years$5,022$3,874$2,953$2,229$1,667$1,033
25 years$4,770$3,636$2,736$2,035$1,500$907
26 years$4,537$3,417$2,537$1,861$1,351$797
27 years$4,322$3,216$2,356$1,703$1,218$700
28 years$4,123$3,030$2,190$1,561$1,099$616
29 years$3,938$2,859$2,038$1,431$993$542
30 years$3,766$2,700$1,898$1,313$897$477
31 years$3,605$2,552$1,770$1,206$811$421
32 years$3,454$2,415$1,651$1,109$733$371
33 years$3,313$2,287$1,542$1,019$664$327
34 years$3,180$2,167$1,441$938$601$288
35 years$3,056$2,056$1,347$863$544$254
36 years$2,938$1,951$1,260$795$493$224
37 years$2,827$1,853$1,179$733$447$198
38 years$2,722$1,761$1,104$675$405$174
39 years$2,623$1,675$1,035$623$367$154
40 years$2,529$1,593$970$574$333$136
41 years$2,440$1,517$909$530$302$120
42 years$2,355$1,444$853$489$274$106
43 years$2,275$1,376$800$451$249$93
44 years$2,198$1,312$751$417$226$82
45 years$2,125$1,251$705$385$205$73
46 years$2,055$1,193$663$356$186$64
47 years$1,989$1,139$622$329$169$57
48 years$1,925$1,087$585$304$154$50
49 years$1,864$1,038$550$281$140$44
50 years$1,806$992$517$259$127$39

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $1,850,000, adding $3,820 every year, while hoping to spend $41,833 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: 41/34/25 Blend
65$1,850,000$1,850,000$1,850,000$1,850,000
66$2,042,640$1,944,590$1,915,915$2,111,225
67$2,206,480$1,995,365$1,935,589$2,211,682
68$2,385,629$2,047,226$1,954,519$2,316,107
69$2,581,604$2,100,182$1,972,637$2,428,318
70$2,796,078$2,154,241$1,989,870$2,549,054
71$3,030,889$2,209,410$2,006,142$2,679,130
72$3,288,064$2,265,695$2,021,371$2,819,442
73$3,569,833$2,323,100$2,035,474$2,970,979
74$3,878,654$2,381,630$2,048,360$3,134,828
75$4,217,232$2,441,286$2,059,936$3,312,188
76$4,588,549$2,502,068$2,070,103$3,504,382
77$4,995,886$2,563,975$2,078,757$3,712,865
78$5,442,860$2,627,003$2,085,789$3,939,241
79$5,933,453$2,691,147$2,091,084$4,185,279
80$6,472,053$2,756,401$2,094,523$4,452,926
81$7,063,491$2,822,753$2,095,978$4,744,332
82$7,713,091$2,890,193$2,095,318$5,061,861
83$8,426,719$2,958,704$2,092,403$5,408,124
84$9,210,833$3,028,270$2,087,088$5,785,994
85$10,072,552$3,098,869$2,079,219$6,198,641
86$11,019,715$3,170,477$2,068,636$6,649,558
87$12,060,962$3,243,066$2,055,171$7,142,594
88$13,205,809$3,316,605$2,038,648$7,681,992
89$14,464,741$3,391,058$2,018,882$8,272,430
90$15,849,311$3,466,386$1,995,681$8,919,063
91$17,372,245$3,542,543$1,968,840$9,627,574
92$19,047,567$3,619,481$1,938,150$10,404,226
93$20,890,727$3,697,144$1,903,386$11,255,924
94$22,918,750$3,775,472$1,864,318$12,190,277
95$25,150,391$3,854,400$1,820,702$13,215,675
96$27,606,319$3,933,853$1,772,283$14,341,364
97$30,309,305$4,013,753$1,718,796$15,577,535
98$33,284,441$4,094,014$1,659,962$16,935,422
99$36,559,373$4,174,540$1,595,490$18,427,410
100$40,164,566$4,255,229$1,525,076$20,067,146