Can I retire at age 66 with 1,880,000?

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 $1,880,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.1%
1 years$155,249$153,866$152,517$151,200$149,914$146,767
2 years$76,856$75,424$74,037$72,692$71,388$68,232
3 years$50,728$49,291$47,907$46,575$45,291$42,225
4 years$37,667$36,234$34,864$33,554$32,302$29,350
5 years$29,832$28,408$27,056$25,773$24,556$21,725
6 years$24,611$23,197$21,865$20,611$19,430$16,724
7 years$20,883$19,481$18,170$16,945$15,802$13,221
8 years$18,088$16,699$15,410$14,215$13,109$10,653
9 years$15,915$14,539$13,272$12,108$11,040$8,706
10 years$14,178$12,816$11,571$10,437$9,406$7,193
11 years$12,758$11,409$10,187$9,084$8,090$5,994
12 years$11,575$10,240$9,041$7,967$7,010$5,030
13 years$10,575$9,254$8,077$7,034$6,113$4,243
14 years$9,719$8,412$7,257$6,244$5,359$3,596
15 years$8,977$7,684$6,553$5,569$4,718$3,059
16 years$8,329$7,050$5,941$4,986$4,170$2,611
17 years$7,758$6,493$5,406$4,480$3,697$2,234
18 years$7,250$6,000$4,935$4,037$3,288$1,915
19 years$6,797$5,560$4,518$3,648$2,930$1,645
20 years$6,390$5,167$4,146$3,304$2,617$1,416
21 years$6,021$4,813$3,814$2,999$2,342$1,220
22 years$5,687$4,493$3,515$2,726$2,100$1,052
23 years$5,382$4,202$3,245$2,483$1,885$908
24 years$5,103$3,937$3,001$2,265$1,694$785
25 years$4,847$3,695$2,780$2,068$1,524$679
26 years$4,611$3,472$2,578$1,891$1,373$588
27 years$4,392$3,268$2,394$1,731$1,238$509
28 years$4,190$3,079$2,226$1,586$1,117$441
29 years$4,002$2,905$2,071$1,454$1,009$382
30 years$3,827$2,743$1,929$1,335$911$331
31 years$3,663$2,593$1,799$1,226$824$287
32 years$3,510$2,454$1,678$1,127$745$249
33 years$3,367$2,324$1,567$1,036$675$216
34 years$3,232$2,203$1,464$953$611$187
35 years$3,105$2,089$1,369$877$553$163
36 years$2,986$1,983$1,280$808$501$141
37 years$2,873$1,883$1,198$745$454$123
38 years$2,767$1,790$1,122$686$412$106
39 years$2,666$1,702$1,051$633$373$92
40 years$2,570$1,619$985$584$339$80
41 years$2,480$1,541$924$538$307$70
42 years$2,394$1,468$867$497$279$60
43 years$2,312$1,399$813$459$253$53
44 years$2,234$1,333$764$424$230$46
45 years$2,159$1,271$717$391$209$40
46 years$2,089$1,213$673$361$189$34
47 years$2,021$1,157$633$334$172$30
48 years$1,956$1,105$594$308$156$26
49 years$1,895$1,055$559$285$142$23
50 years$1,836$1,008$525$264$129$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $1,880,000, adding $5,000 every year, while hoping to spend $41,810 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: 67/9/24 Blend
65$1,880,000$1,880,000$1,880,000$1,880,000
66$2,076,918$1,977,278$1,948,138$2,202,945
67$2,244,278$2,029,679$1,968,915$2,340,625
68$2,427,307$2,083,246$1,988,986$2,485,913
69$2,627,560$2,137,993$2,008,285$2,643,840
70$2,846,748$2,193,931$2,026,740$2,815,654
71$3,086,755$2,251,073$2,044,274$3,002,729
72$3,349,657$2,309,428$2,060,810$3,206,579
73$3,637,738$2,369,006$2,076,263$3,428,871
74$3,953,515$2,429,815$2,090,546$3,671,442
75$4,299,761$2,491,864$2,103,567$3,936,317
76$4,679,528$2,555,156$2,115,227$4,225,727
77$5,096,179$2,619,698$2,125,426$4,542,130
78$5,553,417$2,685,491$2,134,056$4,888,234
79$6,055,322$2,752,537$2,141,004$5,267,023
80$6,606,389$2,820,835$2,146,151$5,681,786
81$7,211,568$2,890,383$2,149,374$6,136,149
82$7,876,311$2,961,175$2,150,542$6,634,103
83$8,606,627$3,033,205$2,149,517$7,180,051
84$9,409,133$3,106,462$2,146,156$7,778,842
85$10,291,121$3,180,935$2,140,309$8,435,822
86$11,260,623$3,256,608$2,131,817$9,156,879
87$12,326,488$3,333,464$2,120,514$9,948,507
88$13,498,465$3,411,479$2,106,227$10,817,857
89$14,787,297$3,490,630$2,088,774$11,772,813
90$16,204,817$3,570,886$2,067,963$12,822,064
91$17,764,064$3,652,215$2,043,596$13,975,184
92$19,479,405$3,734,580$2,015,463$15,242,725
93$21,366,668$3,817,938$1,983,344$16,636,315
94$23,443,293$3,902,242$1,947,011$18,168,771
95$25,728,496$3,987,439$1,906,223$19,854,216
96$28,243,451$4,073,472$1,860,730$21,708,216
97$31,011,486$4,160,275$1,810,268$23,747,924
98$34,058,308$4,247,779$1,754,562$25,992,246
99$37,412,241$4,335,906$1,693,325$28,462,015
100$41,104,495$4,424,570$1,626,257$31,180,194