Can I retire at age 66 with 1,900,000?

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 $1,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.8%
1 years$156,900$155,503$154,139$152,808$151,509$145,555
2 years$77,673$76,227$74,825$73,465$72,147$66,221
3 years$51,268$49,815$48,417$47,070$45,773$40,062
4 years$38,068$36,619$35,235$33,911$32,646$27,193
5 years$30,150$28,710$27,344$26,047$24,817$19,637
6 years$24,873$23,444$22,098$20,830$19,637$14,732
7 years$21,105$19,688$18,363$17,126$15,970$11,339
8 years$18,280$16,876$15,574$14,366$13,249$8,887
9 years$16,085$14,694$13,414$12,237$11,157$7,059
10 years$14,329$12,952$11,694$10,548$9,506$5,663
11 years$12,894$11,530$10,295$9,180$8,176$4,578
12 years$11,698$10,349$9,137$8,052$7,085$3,724
13 years$10,688$9,353$8,163$7,109$6,178$3,043
14 years$9,822$8,501$7,335$6,310$5,416$2,497
15 years$9,073$7,766$6,622$5,628$4,769$2,055
16 years$8,418$7,125$6,004$5,039$4,214$1,695
17 years$7,840$6,562$5,463$4,528$3,737$1,401
18 years$7,328$6,064$4,987$4,080$3,323$1,160
19 years$6,869$5,620$4,566$3,687$2,962$962
20 years$6,457$5,222$4,190$3,339$2,645$799
21 years$6,085$4,864$3,854$3,031$2,367$664
22 years$5,747$4,540$3,552$2,755$2,122$552
23 years$5,439$4,247$3,280$2,509$1,905$459
24 years$5,157$3,979$3,033$2,289$1,712$382
25 years$4,898$3,734$2,809$2,090$1,541$318
26 years$4,660$3,509$2,606$1,911$1,388$265
27 years$4,439$3,303$2,420$1,749$1,251$221
28 years$4,235$3,112$2,249$1,603$1,129$184
29 years$4,045$2,936$2,093$1,470$1,019$154
30 years$3,868$2,773$1,950$1,349$921$128
31 years$3,702$2,621$1,818$1,239$833$107
32 years$3,548$2,480$1,696$1,139$753$89
33 years$3,403$2,349$1,583$1,047$682$74
34 years$3,266$2,226$1,479$963$617$62
35 years$3,138$2,111$1,383$887$559$52
36 years$3,018$2,004$1,294$817$507$43
37 years$2,904$1,903$1,211$752$459$36
38 years$2,796$1,809$1,134$694$416$30
39 years$2,694$1,720$1,063$640$377$25
40 years$2,598$1,636$996$590$342$21
41 years$2,506$1,558$934$544$311$18
42 years$2,419$1,484$876$502$282$15
43 years$2,336$1,414$822$464$256$12
44 years$2,257$1,347$772$428$232$10
45 years$2,182$1,285$725$395$211$8
46 years$2,111$1,226$681$365$191$7
47 years$2,043$1,170$639$337$174$6
48 years$1,977$1,117$601$312$158$5
49 years$1,915$1,066$565$288$143$4
50 years$1,855$1,019$531$266$130$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $1,900,000, adding $6,886 every year, while hoping to spend $30,001 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: 48/39/13 Blend
65$1,900,000$1,900,000$1,900,000$1,900,000
66$2,100,903$2,000,203$1,970,753$2,193,863
67$2,283,274$2,066,292$2,004,852$2,324,775
68$2,483,242$2,134,614$2,039,089$2,463,174
69$2,702,569$2,205,247$2,073,434$2,612,775
70$2,943,198$2,278,270$2,107,861$2,774,636
71$3,207,267$2,353,769$2,142,338$2,949,917
72$3,497,133$2,431,828$2,176,831$3,139,896
73$3,815,391$2,512,538$2,211,305$3,345,978
74$4,164,900$2,595,992$2,245,723$3,569,709
75$4,548,810$2,682,286$2,280,045$3,812,787
76$4,970,590$2,771,519$2,314,228$4,077,084
77$5,434,063$2,863,796$2,348,227$4,364,658
78$5,943,438$2,959,223$2,381,994$4,677,773
79$6,503,356$3,057,912$2,415,477$5,018,923
80$7,118,926$3,159,977$2,448,624$5,390,850
81$7,795,780$3,265,539$2,481,376$5,796,574
82$8,540,120$3,374,722$2,513,673$6,239,420
83$9,358,782$3,487,653$2,545,450$6,723,046
84$10,259,296$3,604,466$2,576,641$7,251,482
85$11,249,959$3,725,299$2,607,173$7,829,162
86$12,339,912$3,850,296$2,636,971$8,460,972
87$13,539,228$3,979,606$2,665,954$9,152,289
88$14,859,004$4,113,381$2,694,039$9,909,036
89$16,311,469$4,251,784$2,721,136$10,737,734
90$17,910,096$4,394,978$2,747,151$11,645,565
91$19,669,731$4,543,137$2,771,986$12,640,440
92$21,606,732$4,696,440$2,795,536$13,731,071
93$23,739,124$4,855,070$2,817,691$14,927,054
94$26,086,768$5,019,222$2,838,337$16,238,956
95$28,671,548$5,189,094$2,857,352$17,678,421
96$31,517,580$5,364,894$2,874,607$19,258,271
97$34,651,435$5,546,836$2,889,968$20,992,633
98$38,102,395$5,735,143$2,903,295$22,897,066
99$41,902,722$5,930,048$2,914,438$24,988,712
100$46,087,969$6,131,791$2,923,242$27,286,455