Can I retire at age 66 with 1,910,000?

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 $1,910,000?

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$157,726$156,321$154,950$153,612$152,306$148,024
2 years$78,082$76,628$75,219$73,852$72,527$68,245
3 years$51,538$50,077$48,671$47,318$46,014$41,867
4 years$38,268$36,812$35,420$34,090$32,818$28,837
5 years$30,308$28,861$27,488$26,184$24,947$21,145
6 years$25,004$23,567$22,214$20,940$19,740$16,118
7 years$21,216$19,792$18,460$17,216$16,054$12,613
8 years$18,377$16,965$15,656$14,442$13,318$10,057
9 years$16,169$14,771$13,484$12,301$11,216$8,130
10 years$14,405$13,020$11,756$10,604$9,557$6,643
11 years$12,962$11,591$10,350$9,228$8,219$5,472
12 years$11,760$10,404$9,185$8,095$7,122$4,538
13 years$10,744$9,402$8,206$7,146$6,211$3,783
14 years$9,874$8,546$7,373$6,344$5,444$3,166
15 years$9,121$7,807$6,657$5,657$4,794$2,660
16 years$8,462$7,163$6,036$5,066$4,237$2,241
17 years$7,882$6,597$5,492$4,551$3,756$1,893
18 years$7,366$6,095$5,014$4,102$3,340$1,601
19 years$6,906$5,649$4,590$3,706$2,977$1,357
20 years$6,491$5,250$4,212$3,357$2,659$1,152
21 years$6,117$4,890$3,874$3,046$2,380$979
22 years$5,778$4,564$3,571$2,770$2,133$833
23 years$5,468$4,269$3,297$2,523$1,915$709
24 years$5,185$4,000$3,049$2,301$1,721$604
25 years$4,924$3,754$2,824$2,101$1,549$515
26 years$4,684$3,528$2,619$1,921$1,395$439
27 years$4,463$3,320$2,432$1,759$1,258$375
28 years$4,257$3,128$2,261$1,611$1,135$320
29 years$4,066$2,951$2,104$1,478$1,025$273
30 years$3,888$2,787$1,960$1,356$926$233
31 years$3,722$2,635$1,827$1,245$837$199
32 years$3,566$2,493$1,705$1,145$757$170
33 years$3,421$2,361$1,592$1,052$685$145
34 years$3,284$2,238$1,487$968$620$124
35 years$3,155$2,122$1,391$891$562$106
36 years$3,034$2,014$1,301$821$509$91
37 years$2,919$1,913$1,218$756$461$78
38 years$2,811$1,818$1,140$697$418$66
39 years$2,708$1,729$1,068$643$379$57
40 years$2,611$1,645$1,001$593$344$49
41 years$2,519$1,566$939$547$312$42
42 years$2,432$1,491$881$505$283$36
43 years$2,349$1,421$826$466$257$30
44 years$2,269$1,354$776$430$233$26
45 years$2,194$1,292$728$397$212$22
46 years$2,122$1,232$684$367$192$19
47 years$2,053$1,176$643$339$175$16
48 years$1,988$1,122$604$313$159$14
49 years$1,925$1,072$568$290$144$12
50 years$1,865$1,024$534$268$131$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $1,910,000, adding $6,136 every year, while hoping to spend $34,294 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: 59/11/30 Blend
65$1,910,000$1,910,000$1,910,000$1,910,000
66$2,111,149$2,009,919$1,980,314$2,218,069
67$2,289,998$2,071,917$2,010,166$2,354,001
68$2,485,940$2,135,803$2,039,869$2,498,066
69$2,700,682$2,201,634$2,069,381$2,654,523
70$2,936,105$2,269,467$2,098,659$2,824,588
71$3,194,280$2,339,363$2,127,656$3,009,600
72$3,477,487$2,411,383$2,156,323$3,211,032
73$3,788,240$2,485,589$2,184,609$3,430,511
74$4,129,305$2,562,047$2,212,457$3,669,827
75$4,503,730$2,640,824$2,239,811$3,930,949
76$4,914,873$2,721,987$2,266,607$4,216,052
77$5,366,434$2,805,608$2,292,782$4,527,527
78$5,862,486$2,891,759$2,318,267$4,868,011
79$6,407,520$2,980,515$2,342,988$5,240,410
80$7,006,479$3,071,952$2,366,871$5,647,922
81$7,664,811$3,166,150$2,389,832$6,094,076
82$8,388,519$3,263,188$2,411,789$6,582,756
83$9,184,216$3,363,152$2,432,652$7,118,243
84$10,059,185$3,466,126$2,452,325$7,705,255
85$11,021,454$3,572,198$2,470,710$8,348,990
86$12,079,865$3,681,459$2,487,702$9,055,176
87$13,244,163$3,794,002$2,503,191$9,830,125
88$14,525,082$3,909,922$2,517,062$10,680,791
89$15,934,450$4,029,317$2,529,193$11,614,839
90$17,485,299$4,152,290$2,539,457$12,640,714
91$19,191,989$4,278,942$2,547,718$13,767,723
92$21,070,343$4,409,380$2,553,837$15,006,122
93$23,137,792$4,543,715$2,557,666$16,367,213
94$25,413,548$4,682,057$2,559,048$17,863,450
95$27,918,774$4,824,523$2,557,821$19,508,558
96$30,676,795$4,971,230$2,553,813$21,317,661
97$33,713,309$5,122,301$2,546,847$23,307,427
98$37,056,632$5,277,860$2,536,732$25,496,224
99$40,737,969$5,438,035$2,523,273$27,904,292
100$44,791,700$5,602,957$2,506,261$30,553,938