Can I retire at age 66 with 1,920,000?

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 $1,920,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.9%
1 years$158,552$157,140$155,762$154,417$153,103$149,402
2 years$78,491$77,029$75,612$74,239$72,906$69,200
3 years$51,808$50,339$48,926$47,566$46,255$42,659
4 years$38,468$37,005$35,606$34,268$32,989$29,531
5 years$30,467$29,012$27,632$26,321$25,078$21,768
6 years$25,135$23,691$22,330$21,049$19,843$16,684
7 years$21,327$19,895$18,557$17,306$16,138$13,130
8 years$18,473$17,054$15,738$14,517$13,388$10,530
9 years$16,254$14,849$13,555$12,366$11,275$8,565
10 years$14,480$13,088$11,817$10,659$9,607$7,042
11 years$13,029$11,652$10,404$9,277$8,262$5,838
12 years$11,822$10,458$9,233$8,137$7,160$4,873
13 years$10,800$9,451$8,249$7,184$6,243$4,089
14 years$9,926$8,591$7,412$6,377$5,473$3,447
15 years$9,168$7,848$6,692$5,687$4,819$2,916
16 years$8,506$7,200$6,067$5,092$4,259$2,474
17 years$7,923$6,631$5,521$4,575$3,776$2,105
18 years$7,405$6,127$5,040$4,123$3,358$1,794
19 years$6,942$5,679$4,614$3,726$2,993$1,532
20 years$6,525$5,277$4,234$3,374$2,673$1,310
21 years$6,149$4,915$3,895$3,062$2,392$1,122
22 years$5,808$4,588$3,590$2,784$2,144$962
23 years$5,497$4,291$3,314$2,536$1,925$825
24 years$5,212$4,021$3,065$2,313$1,730$709
25 years$4,950$3,773$2,839$2,112$1,557$609
26 years$4,709$3,546$2,633$1,931$1,402$524
27 years$4,486$3,337$2,445$1,768$1,264$450
28 years$4,279$3,145$2,273$1,620$1,141$388
29 years$4,087$2,967$2,115$1,485$1,030$334
30 years$3,908$2,802$1,970$1,363$931$287
31 years$3,741$2,649$1,837$1,252$841$248
32 years$3,585$2,506$1,714$1,151$761$213
33 years$3,438$2,373$1,600$1,058$689$184
34 years$3,301$2,249$1,495$973$624$158
35 years$3,171$2,134$1,398$896$565$137
36 years$3,049$2,025$1,308$825$512$118
37 years$2,934$1,923$1,224$760$464$102
38 years$2,825$1,828$1,146$701$421$88
39 years$2,723$1,738$1,074$646$381$75
40 years$2,625$1,654$1,006$596$346$65
41 years$2,532$1,574$944$550$314$56
42 years$2,444$1,499$885$508$285$48
43 years$2,361$1,428$831$469$258$42
44 years$2,281$1,362$780$433$235$36
45 years$2,205$1,298$732$400$213$31
46 years$2,133$1,239$688$369$193$27
47 years$2,064$1,182$646$341$176$23
48 years$1,998$1,128$607$315$159$20
49 years$1,935$1,078$571$291$145$17
50 years$1,875$1,029$536$269$132$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $1,920,000, adding $2,501 every year, while hoping to spend $47,810 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: 51/30/19 Blend
65$1,920,000$1,920,000$1,920,000$1,920,000
66$2,118,420$2,016,660$1,986,900$2,215,206
67$2,283,629$2,064,607$2,002,591$2,330,134
68$2,464,087$2,113,301$2,017,206$2,449,866
69$2,661,300$2,162,728$2,030,658$2,579,020
70$2,876,923$2,212,872$2,042,856$2,718,504
71$3,112,780$2,263,714$2,053,703$2,869,320
72$3,370,882$2,315,234$2,063,100$3,032,569
73$3,653,438$2,367,407$2,070,940$3,209,466
74$3,962,885$2,420,206$2,077,113$3,401,351
75$4,301,905$2,473,601$2,081,502$3,609,698
76$4,673,451$2,527,560$2,083,984$3,836,132
77$5,080,777$2,582,044$2,084,431$4,082,446
78$5,527,464$2,637,012$2,082,708$4,350,614
79$6,017,460$2,692,421$2,078,673$4,642,811
80$6,555,111$2,748,219$2,072,178$4,961,435
81$7,145,204$2,804,353$2,063,068$5,309,131
82$7,793,013$2,860,765$2,051,179$5,688,811
83$8,504,347$2,917,389$2,036,340$6,103,687
84$9,285,605$2,974,155$2,018,372$6,557,298
85$10,143,836$3,030,988$1,997,087$7,053,546
86$11,086,806$3,087,806$1,972,288$7,596,730
87$12,123,071$3,144,519$1,943,771$8,191,590
88$13,262,056$3,201,032$1,911,318$8,843,352
89$14,514,143$3,257,240$1,874,705$9,557,774
90$15,890,773$3,313,033$1,833,695$10,341,205
91$17,404,550$3,368,289$1,788,042$11,200,640
92$19,069,358$3,422,879$1,737,485$12,143,795
93$20,900,498$3,476,665$1,681,756$13,179,169
94$22,914,824$3,529,498$1,620,571$14,316,135
95$25,130,911$3,581,217$1,553,634$15,565,023
96$27,569,219$3,631,652$1,480,636$16,937,217
97$30,252,296$3,680,620$1,401,254$18,445,270
98$33,204,983$3,727,924$1,315,149$20,103,015
99$36,454,654$3,773,354$1,221,970$21,925,701
100$40,031,469$3,816,688$1,121,345$23,930,137