Can I retire at age 66 with 1,870,000?

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 $1,870,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.9%
1 years$154,423$153,047$151,705$150,395$149,116$144,924
2 years$76,447$75,023$73,643$72,306$71,008$66,816
3 years$50,458$49,028$47,652$46,327$45,050$40,990
4 years$37,467$36,041$34,679$33,376$32,130$28,233
5 years$29,674$28,257$26,912$25,636$24,425$20,702
6 years$24,480$23,074$21,749$20,501$19,327$15,781
7 years$20,772$19,377$18,073$16,855$15,718$12,349
8 years$17,992$16,610$15,328$14,139$13,039$9,846
9 years$15,831$14,462$13,202$12,044$10,981$7,960
10 years$14,103$12,747$11,510$10,382$9,356$6,504
11 years$12,690$11,348$10,133$9,035$8,047$5,358
12 years$11,514$10,186$8,993$7,925$6,973$4,443
13 years$10,519$9,205$8,034$6,997$6,081$3,703
14 years$9,667$8,367$7,219$6,211$5,330$3,100
15 years$8,930$7,643$6,518$5,539$4,693$2,604
16 years$8,285$7,013$5,909$4,960$4,148$2,194
17 years$7,716$6,458$5,377$4,456$3,678$1,853
18 years$7,212$5,968$4,909$4,016$3,270$1,568
19 years$6,761$5,531$4,494$3,629$2,915$1,329
20 years$6,356$5,140$4,124$3,286$2,604$1,128
21 years$5,989$4,787$3,793$2,983$2,330$959
22 years$5,657$4,469$3,496$2,712$2,088$815
23 years$5,354$4,180$3,228$2,470$1,875$694
24 years$5,076$3,916$2,985$2,253$1,685$591
25 years$4,821$3,675$2,765$2,057$1,516$504
26 years$4,586$3,454$2,564$1,881$1,366$430
27 years$4,369$3,251$2,381$1,722$1,231$367
28 years$4,168$3,063$2,214$1,577$1,111$313
29 years$3,981$2,890$2,060$1,447$1,003$267
30 years$3,807$2,729$1,919$1,328$907$228
31 years$3,644$2,580$1,789$1,219$820$195
32 years$3,492$2,441$1,669$1,121$741$167
33 years$3,349$2,312$1,558$1,030$671$142
34 years$3,215$2,191$1,456$948$607$122
35 years$3,089$2,078$1,361$873$550$104
36 years$2,970$1,972$1,274$804$499$89
37 years$2,858$1,873$1,192$741$452$76
38 years$2,752$1,780$1,116$683$410$65
39 years$2,652$1,693$1,046$629$371$56
40 years$2,557$1,611$980$581$337$48
41 years$2,466$1,533$919$536$306$41
42 years$2,381$1,460$862$494$277$35
43 years$2,299$1,391$809$456$252$30
44 years$2,222$1,326$759$421$228$25
45 years$2,148$1,265$713$389$207$22
46 years$2,078$1,206$670$359$188$19
47 years$2,010$1,151$629$332$171$16
48 years$1,946$1,099$591$307$155$14
49 years$1,885$1,049$556$284$141$12
50 years$1,826$1,002$523$262$128$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $1,870,000, adding $5,491 every year, while hoping to spend $32,805 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: 52/24/24 Blend
65$1,870,000$1,870,000$1,870,000$1,870,000
66$2,066,404$1,967,294$1,938,309$2,159,784
67$2,242,273$2,028,787$1,968,338$2,286,449
68$2,434,981$2,092,194$1,998,274$2,420,347
69$2,646,211$2,157,574$2,028,078$2,565,325
70$2,877,817$2,224,987$2,057,711$2,722,452
71$3,131,840$2,294,497$2,087,130$2,892,902
72$3,410,529$2,366,168$2,116,289$3,077,969
73$3,716,359$2,440,067$2,145,142$3,279,077
74$4,052,061$2,516,263$2,173,637$3,497,795
75$4,420,637$2,594,827$2,201,720$3,735,849
76$4,825,400$2,675,831$2,229,336$3,995,140
77$5,269,995$2,759,350$2,256,422$4,277,762
78$5,758,439$2,845,463$2,282,917$4,586,020
79$6,295,158$2,934,249$2,308,753$4,922,456
80$6,885,027$3,025,790$2,333,859$5,289,864
81$7,533,417$3,120,171$2,358,161$5,691,327
82$8,246,246$3,217,480$2,381,579$6,130,237
83$9,030,032$3,317,806$2,404,032$6,610,333
84$9,891,959$3,421,242$2,425,430$7,135,731
85$10,839,940$3,527,884$2,445,683$7,710,969
86$11,882,693$3,637,829$2,464,693$8,341,044
87$13,029,825$3,751,180$2,482,357$9,031,459
88$14,291,919$3,868,041$2,498,569$9,788,281
89$15,680,639$3,988,519$2,513,215$10,618,191
90$17,208,833$4,112,725$2,526,176$11,528,551
91$18,890,659$4,240,773$2,537,328$12,527,471
92$20,741,717$4,372,782$2,546,539$13,623,889
93$22,779,195$4,508,871$2,553,671$14,827,650
94$25,022,033$4,649,166$2,558,580$16,149,604
95$27,491,101$4,793,796$2,561,113$17,601,704
96$30,209,394$4,942,892$2,561,110$19,197,121
97$33,202,249$5,096,591$2,558,405$20,950,368
98$36,497,588$5,255,034$2,552,821$22,877,437
99$40,126,176$5,418,364$2,544,175$24,995,948
100$44,121,914$5,586,732$2,532,272$27,325,317