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%11.6%
1 years$153,597$152,229$150,894$149,591$148,319$147,323
2 years$76,038$74,622$73,250$71,919$70,628$69,623
3 years$50,189$48,766$47,397$46,079$44,809$43,827
4 years$37,266$35,848$34,493$33,197$31,958$31,006
5 years$29,515$28,106$26,768$25,499$24,294$23,375
6 years$24,349$22,950$21,633$20,392$19,223$18,338
7 years$20,661$19,274$17,977$16,765$15,634$14,783
8 years$17,896$16,521$15,246$14,064$12,970$12,154
9 years$15,746$14,385$13,131$11,979$10,922$10,141
10 years$14,027$12,679$11,448$10,326$9,306$8,559
11 years$12,622$11,288$10,079$8,987$8,004$7,290
12 years$11,452$10,131$8,945$7,883$6,936$6,255
13 years$10,463$9,156$7,991$6,959$6,048$5,399
14 years$9,615$8,322$7,180$6,178$5,302$4,684
15 years$8,882$7,602$6,483$5,509$4,668$4,081
16 years$8,241$6,975$5,878$4,933$4,126$3,568
17 years$7,675$6,424$5,348$4,432$3,658$3,129
18 years$7,173$5,936$4,882$3,994$3,253$2,752
19 years$6,725$5,501$4,470$3,609$2,899$2,425
20 years$6,322$5,112$4,102$3,269$2,590$2,141
21 years$5,957$4,762$3,773$2,967$2,317$1,894
22 years$5,626$4,445$3,477$2,697$2,077$1,678
23 years$5,325$4,157$3,211$2,457$1,865$1,488
24 years$5,049$3,895$2,969$2,241$1,676$1,322
25 years$4,795$3,655$2,750$2,046$1,508$1,175
26 years$4,562$3,435$2,551$1,871$1,358$1,045
27 years$4,346$3,233$2,369$1,713$1,225$931
28 years$4,146$3,047$2,202$1,569$1,105$829
29 years$3,959$2,874$2,049$1,439$998$739
30 years$3,786$2,714$1,909$1,321$902$660
31 years$3,624$2,566$1,779$1,213$815$589
32 years$3,473$2,428$1,660$1,115$737$526
33 years$3,331$2,299$1,550$1,025$667$469
34 years$3,198$2,179$1,448$943$604$419
35 years$3,072$2,067$1,354$868$547$375
36 years$2,954$1,962$1,267$800$496$335
37 years$2,843$1,863$1,186$737$449$300
38 years$2,737$1,771$1,110$679$407$268
39 years$2,637$1,684$1,040$626$369$240
40 years$2,543$1,602$975$577$335$215
41 years$2,453$1,525$914$533$304$192
42 years$2,368$1,452$858$492$276$172
43 years$2,287$1,384$805$454$250$154
44 years$2,210$1,319$755$419$227$138
45 years$2,136$1,258$709$387$206$123
46 years$2,066$1,200$666$358$187$110
47 years$2,000$1,145$626$330$170$99
48 years$1,936$1,093$588$305$154$89
49 years$1,874$1,044$553$282$140$79
50 years$1,816$997$520$261$127$71

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 $4,373 every year, while hoping to spend $49,527 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: 34/42/24 Blend
65$1,860,000$1,860,000$1,860,000$1,860,000
66$2,054,231$1,955,651$1,926,821$2,108,943
67$2,211,066$1,998,781$1,938,673$2,193,269
68$2,382,238$2,042,365$1,949,262$2,279,338
69$2,569,158$2,086,373$1,958,494$2,371,160
70$2,773,378$2,130,770$1,966,269$2,469,278
71$2,996,606$2,175,522$1,972,482$2,574,290
72$3,240,724$2,220,587$1,977,025$2,686,857
73$3,507,804$2,265,921$1,979,781$2,807,706
74$3,800,126$2,311,478$1,980,630$2,937,642
75$4,120,203$2,357,205$1,979,446$3,077,552
76$4,470,801$2,403,044$1,976,094$3,228,413
77$4,854,965$2,448,936$1,970,436$3,391,306
78$5,276,050$2,494,813$1,962,324$3,567,422
79$5,737,751$2,540,602$1,951,606$3,758,075
80$6,244,138$2,586,228$1,938,120$3,964,717
81$6,799,691$2,631,604$1,921,699$4,188,948
82$7,409,349$2,676,642$1,902,165$4,432,534
83$8,078,548$2,721,243$1,879,333$4,697,424
84$8,813,279$2,765,303$1,853,010$4,985,769
85$9,620,141$2,808,710$1,822,993$5,299,941
86$10,506,401$2,851,343$1,789,069$5,642,557
87$11,480,068$2,893,073$1,751,017$6,016,507
88$12,549,962$2,933,760$1,708,603$6,424,976
89$13,725,801$2,973,258$1,661,585$6,871,480
90$15,018,293$3,011,407$1,609,707$7,359,899
91$16,439,230$3,048,038$1,552,704$7,894,510
92$18,001,609$3,082,969$1,490,297$8,480,034
93$19,719,747$3,116,008$1,422,195$9,121,678
94$21,609,416$3,146,948$1,348,094$9,825,186
95$23,687,997$3,175,569$1,267,676$10,596,894
96$25,974,637$3,201,636$1,180,608$11,443,791
97$28,490,435$3,224,901$1,086,542$12,373,587
98$31,258,634$3,245,096$985,117$13,394,782
99$34,304,849$3,261,940$875,952$14,516,757
100$37,657,299$3,275,130$758,652$15,749,853