Can I retire at age 66 with 1,860,000?

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 $1,860,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$153,597$152,229$150,894$149,591$148,319$144,265
2 years$76,038$74,622$73,250$71,919$70,628$66,574
3 years$50,189$48,766$47,397$46,079$44,809$40,881
4 years$37,266$35,848$34,493$33,197$31,958$28,187
5 years$29,515$28,106$26,768$25,499$24,294$20,689
6 years$24,349$22,950$21,633$20,392$19,223$15,788
7 years$20,661$19,274$17,977$16,765$15,634$12,369
8 years$17,896$16,521$15,246$14,064$12,970$9,874
9 years$15,746$14,385$13,131$11,979$10,922$7,992
10 years$14,027$12,679$11,448$10,326$9,306$6,538
11 years$12,622$11,288$10,079$8,987$8,004$5,393
12 years$11,452$10,131$8,945$7,883$6,936$4,478
13 years$10,463$9,156$7,991$6,959$6,048$3,738
14 years$9,615$8,322$7,180$6,178$5,302$3,133
15 years$8,882$7,602$6,483$5,509$4,668$2,636
16 years$8,241$6,975$5,878$4,933$4,126$2,224
17 years$7,675$6,424$5,348$4,432$3,658$1,881
18 years$7,173$5,936$4,882$3,994$3,253$1,594
19 years$6,725$5,501$4,470$3,609$2,899$1,353
20 years$6,322$5,112$4,102$3,269$2,590$1,150
21 years$5,957$4,762$3,773$2,967$2,317$979
22 years$5,626$4,445$3,477$2,697$2,077$834
23 years$5,325$4,157$3,211$2,457$1,865$711
24 years$5,049$3,895$2,969$2,241$1,676$607
25 years$4,795$3,655$2,750$2,046$1,508$518
26 years$4,562$3,435$2,551$1,871$1,358$443
27 years$4,346$3,233$2,369$1,713$1,225$378
28 years$4,146$3,047$2,202$1,569$1,105$323
29 years$3,959$2,874$2,049$1,439$998$277
30 years$3,786$2,714$1,909$1,321$902$237
31 years$3,624$2,566$1,779$1,213$815$202
32 years$3,473$2,428$1,660$1,115$737$173
33 years$3,331$2,299$1,550$1,025$667$148
34 years$3,198$2,179$1,448$943$604$127
35 years$3,072$2,067$1,354$868$547$109
36 years$2,954$1,962$1,267$800$496$93
37 years$2,843$1,863$1,186$737$449$80
38 years$2,737$1,771$1,110$679$407$68
39 years$2,637$1,684$1,040$626$369$59
40 years$2,543$1,602$975$577$335$50
41 years$2,453$1,525$914$533$304$43
42 years$2,368$1,452$858$492$276$37
43 years$2,287$1,384$805$454$250$32
44 years$2,210$1,319$755$419$227$27
45 years$2,136$1,258$709$387$206$23
46 years$2,066$1,200$666$358$187$20
47 years$2,000$1,145$626$330$170$17
48 years$1,936$1,093$588$305$154$15
49 years$1,874$1,044$553$282$140$12
50 years$1,816$997$520$261$127$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $1,860,000, adding $4,212 every year, while hoping to spend $52,305 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: 45/49/6 Blend
65$1,860,000$1,860,000$1,860,000$1,860,000
66$2,054,065$1,955,485$1,926,655$2,142,909
67$2,207,927$1,995,651$1,935,545$2,244,721
68$2,375,731$2,036,033$1,942,981$2,349,279
69$2,558,842$2,076,585$1,948,858$2,461,422
70$2,758,765$2,117,259$1,953,066$2,581,866
71$2,977,156$2,158,002$1,955,491$2,711,398
72$3,215,839$2,198,757$1,956,012$2,850,884
73$3,476,820$2,239,462$1,954,505$3,001,281
74$3,762,310$2,280,050$1,950,835$3,163,642
75$4,074,742$2,320,448$1,944,864$3,339,129
76$4,416,795$2,360,580$1,936,446$3,529,020
77$4,791,420$2,400,360$1,925,429$3,734,728
78$5,201,866$2,439,699$1,911,652$3,957,806
79$5,651,712$2,478,500$1,894,948$4,199,970
80$6,144,898$2,516,658$1,875,141$4,463,110
81$6,685,767$2,554,063$1,852,046$4,749,310
82$7,279,097$2,590,595$1,825,472$5,060,867
83$7,930,156$2,626,125$1,795,217$5,400,314
84$8,644,744$2,660,516$1,761,068$5,770,445
85$9,429,249$2,693,623$1,722,805$6,174,340
86$10,290,710$2,725,288$1,680,197$6,615,393
87$11,236,880$2,755,345$1,633,001$7,097,349
88$12,276,300$2,783,615$1,580,965$7,624,336
89$13,418,378$2,809,908$1,523,822$8,200,905
90$14,673,480$2,834,021$1,461,298$8,832,077
91$16,053,024$2,855,737$1,393,101$9,523,384
92$17,569,592$2,874,828$1,318,929$10,280,929
93$19,237,044$2,891,048$1,238,467$11,111,439
94$21,070,649$2,904,135$1,151,382$12,022,334
95$23,087,232$2,913,815$1,057,330$13,021,791
96$25,305,328$2,919,791$955,949$14,118,831
97$27,745,362$2,921,750$846,863$15,323,396
98$30,429,833$2,919,361$729,678$16,646,450
99$33,383,536$2,912,269$603,982$18,100,082
100$36,633,787$2,900,101$469,346$19,697,618