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

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 $1,910,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$157,726$156,321$154,950$153,612$152,306$149,783
2 years$78,082$76,628$75,219$73,852$72,527$69,992
3 years$51,538$50,077$48,671$47,318$46,014$43,547
4 years$38,268$36,812$35,420$34,090$32,818$30,437
5 years$30,308$28,861$27,488$26,184$24,947$22,660
6 years$25,004$23,567$22,214$20,940$19,740$17,548
7 years$21,216$19,792$18,460$17,216$16,054$13,959
8 years$18,377$16,965$15,656$14,442$13,318$11,319
9 years$16,169$14,771$13,484$12,301$11,216$9,312
10 years$14,405$13,020$11,756$10,604$9,557$7,746
11 years$12,962$11,591$10,350$9,228$8,219$6,500
12 years$11,760$10,404$9,185$8,095$7,122$5,492
13 years$10,744$9,402$8,206$7,146$6,211$4,668
14 years$9,874$8,546$7,373$6,344$5,444$3,986
15 years$9,121$7,807$6,657$5,657$4,794$3,416
16 years$8,462$7,163$6,036$5,066$4,237$2,938
17 years$7,882$6,597$5,492$4,551$3,756$2,534
18 years$7,366$6,095$5,014$4,102$3,340$2,190
19 years$6,906$5,649$4,590$3,706$2,977$1,897
20 years$6,491$5,250$4,212$3,357$2,659$1,646
21 years$6,117$4,890$3,874$3,046$2,380$1,430
22 years$5,778$4,564$3,571$2,770$2,133$1,244
23 years$5,468$4,269$3,297$2,523$1,915$1,083
24 years$5,185$4,000$3,049$2,301$1,721$944
25 years$4,924$3,754$2,824$2,101$1,549$824
26 years$4,684$3,528$2,619$1,921$1,395$719
27 years$4,463$3,320$2,432$1,759$1,258$628
28 years$4,257$3,128$2,261$1,611$1,135$549
29 years$4,066$2,951$2,104$1,478$1,025$480
30 years$3,888$2,787$1,960$1,356$926$420
31 years$3,722$2,635$1,827$1,245$837$367
32 years$3,566$2,493$1,705$1,145$757$322
33 years$3,421$2,361$1,592$1,052$685$282
34 years$3,284$2,238$1,487$968$620$247
35 years$3,155$2,122$1,391$891$562$216
36 years$3,034$2,014$1,301$821$509$189
37 years$2,919$1,913$1,218$756$461$166
38 years$2,811$1,818$1,140$697$418$145
39 years$2,708$1,729$1,068$643$379$127
40 years$2,611$1,645$1,001$593$344$112
41 years$2,519$1,566$939$547$312$98
42 years$2,432$1,491$881$505$283$86
43 years$2,349$1,421$826$466$257$75
44 years$2,269$1,354$776$430$233$66
45 years$2,194$1,292$728$397$212$58
46 years$2,122$1,232$684$367$192$51
47 years$2,053$1,176$643$339$175$44
48 years$1,988$1,122$604$313$159$39
49 years$1,925$1,072$568$290$144$34
50 years$1,865$1,024$534$268$131$30

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 $4,377 every year, while hoping to spend $23,071 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: 47/28/25 Blend
65$1,910,000$1,910,000$1,910,000$1,910,000
66$2,109,335$2,008,105$1,978,500$2,193,208
67$2,299,940$2,081,955$2,020,232$2,326,439
68$2,509,213$2,158,650$2,062,589$2,468,355
69$2,739,034$2,238,305$2,105,568$2,621,946
70$2,991,475$2,321,041$2,149,164$2,788,318
71$3,268,816$2,406,983$2,193,371$2,968,688
72$3,573,570$2,496,260$2,238,184$3,164,395
73$3,908,506$2,589,009$2,283,595$3,376,910
74$4,276,675$2,685,371$2,329,596$3,607,854
75$4,681,436$2,785,494$2,376,178$3,859,006
76$5,126,491$2,889,533$2,423,329$4,132,329
77$5,615,920$2,997,647$2,471,037$4,429,977
78$6,154,216$3,110,004$2,519,289$4,754,325
79$6,746,331$3,226,779$2,568,070$5,107,984
80$7,397,720$3,348,154$2,617,364$5,493,829
81$8,114,393$3,474,319$2,667,151$5,915,025
82$8,902,973$3,605,472$2,717,412$6,375,054
83$9,770,757$3,741,821$2,768,127$6,877,752
84$10,725,785$3,883,581$2,819,269$7,427,340
85$11,776,915$4,030,977$2,870,816$8,028,466
86$12,933,910$4,184,245$2,922,737$8,686,247
87$14,207,524$4,343,628$2,975,004$9,406,319
88$15,609,609$4,509,383$3,027,584$10,194,887
89$17,153,224$4,681,778$3,080,443$11,058,783
90$18,852,757$4,861,089$3,133,543$12,005,534
91$20,724,065$5,047,609$3,186,843$13,043,426
92$22,784,619$5,241,641$3,240,301$14,181,586
93$25,053,670$5,443,502$3,293,871$15,430,068
94$27,552,433$5,653,521$3,347,504$16,799,942
95$30,304,282$5,872,045$3,401,147$18,303,405
96$33,334,978$6,099,435$3,454,744$19,953,890
97$36,672,904$6,336,065$3,508,237$21,766,193
98$40,349,338$6,582,330$3,561,560$23,756,613
99$44,398,746$6,838,639$3,614,648$25,943,104
100$48,859,107$7,105,422$3,667,428$28,345,446