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

Use the below retirement simulation to view the chances of a successful retirement.
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%17.3%
1 years$156,900$155,503$154,139$152,808$151,509$147,012
2 years$77,673$76,227$74,825$73,465$72,147$67,654
3 years$51,268$49,815$48,417$47,070$45,773$41,424
4 years$38,068$36,619$35,235$33,911$32,646$28,475
5 years$30,150$28,710$27,344$26,047$24,817$20,835
6 years$24,873$23,444$22,098$20,830$19,637$15,847
7 years$21,105$19,688$18,363$17,126$15,970$12,373
8 years$18,280$16,876$15,574$14,366$13,249$9,842
9 years$16,085$14,694$13,414$12,237$11,157$7,937
10 years$14,329$12,952$11,694$10,548$9,506$6,469
11 years$12,894$11,530$10,295$9,180$8,176$5,316
12 years$11,698$10,349$9,137$8,052$7,085$4,396
13 years$10,688$9,353$8,163$7,109$6,178$3,655
14 years$9,822$8,501$7,335$6,310$5,416$3,051
15 years$9,073$7,766$6,622$5,628$4,769$2,556
16 years$8,418$7,125$6,004$5,039$4,214$2,147
17 years$7,840$6,562$5,463$4,528$3,737$1,808
18 years$7,328$6,064$4,987$4,080$3,323$1,525
19 years$6,869$5,620$4,566$3,687$2,962$1,289
20 years$6,457$5,222$4,190$3,339$2,645$1,091
21 years$6,085$4,864$3,854$3,031$2,367$924
22 years$5,747$4,540$3,552$2,755$2,122$783
23 years$5,439$4,247$3,280$2,509$1,905$665
24 years$5,157$3,979$3,033$2,289$1,712$565
25 years$4,898$3,734$2,809$2,090$1,541$480
26 years$4,660$3,509$2,606$1,911$1,388$408
27 years$4,439$3,303$2,420$1,749$1,251$347
28 years$4,235$3,112$2,249$1,603$1,129$295
29 years$4,045$2,936$2,093$1,470$1,019$251
30 years$3,868$2,773$1,950$1,349$921$214
31 years$3,702$2,621$1,818$1,239$833$182
32 years$3,548$2,480$1,696$1,139$753$155
33 years$3,403$2,349$1,583$1,047$682$132
34 years$3,266$2,226$1,479$963$617$113
35 years$3,138$2,111$1,383$887$559$96
36 years$3,018$2,004$1,294$817$507$82
37 years$2,904$1,903$1,211$752$459$70
38 years$2,796$1,809$1,134$694$416$59
39 years$2,694$1,720$1,063$640$377$51
40 years$2,598$1,636$996$590$342$43
41 years$2,506$1,558$934$544$311$37
42 years$2,419$1,484$876$502$282$31
43 years$2,336$1,414$822$464$256$27
44 years$2,257$1,347$772$428$232$23
45 years$2,182$1,285$725$395$211$19
46 years$2,111$1,226$681$365$191$17
47 years$2,043$1,170$639$337$174$14
48 years$1,977$1,117$601$312$158$12
49 years$1,915$1,066$565$288$143$10
50 years$1,855$1,019$531$266$130$9

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 $5,896 every year, while hoping to spend $33,970 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: 81/10/9 Blend
65$1,900,000$1,900,000$1,900,000$1,900,000
66$2,099,882$1,999,182$1,969,732$2,266,775
67$2,277,926$2,060,998$1,999,574$2,438,783
68$2,472,992$2,124,704$2,029,277$2,622,452
69$2,686,780$2,190,358$2,058,801$2,823,024
70$2,921,164$2,258,018$2,088,103$3,042,172
71$3,178,205$2,327,743$2,117,137$3,281,739
72$3,460,175$2,399,596$2,145,854$3,543,757
73$3,769,577$2,473,640$2,174,204$3,830,460
74$4,109,166$2,549,941$2,202,133$4,144,310
75$4,481,979$2,628,566$2,229,582$4,488,019
76$4,891,360$2,709,584$2,256,492$4,864,575
77$5,340,992$2,793,067$2,282,798$5,277,266
78$5,834,935$2,879,089$2,308,433$5,729,717
79$6,377,658$2,967,724$2,333,325$6,225,921
80$6,974,087$3,059,050$2,357,400$6,770,274
81$7,629,648$3,153,148$2,380,576$7,367,622
82$8,350,318$3,250,098$2,402,772$8,023,301
83$9,142,684$3,349,987$2,423,898$8,743,190
84$10,014,001$3,452,899$2,443,862$9,533,767
85$10,972,264$3,558,926$2,462,566$10,402,168
86$12,026,279$3,668,158$2,479,907$11,356,255
87$13,185,752$3,780,690$2,495,776$12,404,690
88$14,461,374$3,896,619$2,510,060$13,557,017
89$15,864,926$4,016,045$2,522,639$14,823,751
90$17,409,388$4,139,070$2,533,386$16,216,477
91$19,109,061$4,265,801$2,542,170$17,747,960
92$20,979,704$4,396,344$2,548,852$19,432,266
93$23,038,680$4,530,811$2,553,285$21,284,892
94$25,305,123$4,669,318$2,555,317$23,322,913
95$27,800,112$4,811,981$2,554,787$25,565,144
96$30,546,876$4,958,921$2,551,525$28,032,317
97$33,571,012$5,110,263$2,545,356$30,747,277
98$36,900,723$5,266,133$2,536,093$33,735,194
99$40,567,087$5,426,664$2,523,542$37,023,805
100$44,604,348$5,591,989$2,507,499$40,643,674