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

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 $1,920,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$158,552$157,140$155,762$154,417$153,103$151,442
2 years$78,491$77,029$75,612$74,239$72,906$71,233
3 years$51,808$50,339$48,926$47,566$46,255$44,622
4 years$38,468$37,005$35,606$34,268$32,989$31,410
5 years$30,467$29,012$27,632$26,321$25,078$23,556
6 years$25,135$23,691$22,330$21,049$19,843$18,381
7 years$21,327$19,895$18,557$17,306$16,138$14,736
8 years$18,473$17,054$15,738$14,517$13,388$12,046
9 years$16,254$14,849$13,555$12,366$11,275$9,992
10 years$14,480$13,088$11,817$10,659$9,607$8,383
11 years$13,029$11,652$10,404$9,277$8,262$7,096
12 years$11,822$10,458$9,233$8,137$7,160$6,050
13 years$10,800$9,451$8,249$7,184$6,243$5,189
14 years$9,926$8,591$7,412$6,377$5,473$4,472
15 years$9,168$7,848$6,692$5,687$4,819$3,870
16 years$8,506$7,200$6,067$5,092$4,259$3,361
17 years$7,923$6,631$5,521$4,575$3,776$2,927
18 years$7,405$6,127$5,040$4,123$3,358$2,556
19 years$6,942$5,679$4,614$3,726$2,993$2,236
20 years$6,525$5,277$4,234$3,374$2,673$1,960
21 years$6,149$4,915$3,895$3,062$2,392$1,721
22 years$5,808$4,588$3,590$2,784$2,144$1,513
23 years$5,497$4,291$3,314$2,536$1,925$1,332
24 years$5,212$4,021$3,065$2,313$1,730$1,174
25 years$4,950$3,773$2,839$2,112$1,557$1,035
26 years$4,709$3,546$2,633$1,931$1,402$914
27 years$4,486$3,337$2,445$1,768$1,264$807
28 years$4,279$3,145$2,273$1,620$1,141$714
29 years$4,087$2,967$2,115$1,485$1,030$631
30 years$3,908$2,802$1,970$1,363$931$558
31 years$3,741$2,649$1,837$1,252$841$494
32 years$3,585$2,506$1,714$1,151$761$438
33 years$3,438$2,373$1,600$1,058$689$388
34 years$3,301$2,249$1,495$973$624$344
35 years$3,171$2,134$1,398$896$565$305
36 years$3,049$2,025$1,308$825$512$270
37 years$2,934$1,923$1,224$760$464$239
38 years$2,825$1,828$1,146$701$421$212
39 years$2,723$1,738$1,074$646$381$188
40 years$2,625$1,654$1,006$596$346$167
41 years$2,532$1,574$944$550$314$148
42 years$2,444$1,499$885$508$285$132
43 years$2,361$1,428$831$469$258$117
44 years$2,281$1,362$780$433$235$104
45 years$2,205$1,298$732$400$213$92
46 years$2,133$1,239$688$369$193$82
47 years$2,064$1,182$646$341$176$72
48 years$1,998$1,128$607$315$159$64
49 years$1,935$1,078$571$291$145$57
50 years$1,875$1,029$536$269$132$51

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 $2,386 every year, while hoping to spend $56,713 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: 68/14/18 Blend
65$1,920,000$1,920,000$1,920,000$1,920,000
66$2,118,301$2,016,541$1,986,781$2,252,918
67$2,274,026$2,055,009$1,992,996$2,381,583
68$2,443,733$2,093,462$1,997,519$2,515,400
69$2,628,791$2,131,838$2,000,232$2,660,376
70$2,830,701$2,170,072$2,001,014$2,817,607
71$3,051,120$2,208,093$1,999,735$2,988,298
72$3,291,871$2,245,826$1,996,262$3,173,779
73$3,554,958$2,283,188$1,990,454$3,375,515
74$3,842,591$2,320,091$1,982,161$3,595,120
75$4,157,200$2,356,441$1,971,228$3,834,375
76$4,501,464$2,392,135$1,957,494$4,095,239
77$4,878,329$2,427,066$1,940,786$4,379,876
78$5,291,043$2,461,117$1,920,927$4,690,667
79$5,743,180$2,494,163$1,897,729$5,030,238
80$6,238,678$2,526,070$1,870,996$5,401,483
81$6,781,871$2,556,695$1,840,522$5,807,594
82$7,377,536$2,585,888$1,806,094$6,252,085
83$8,030,933$2,613,484$1,767,486$6,738,833
84$8,747,853$2,639,310$1,724,462$7,272,111
85$9,534,679$2,663,181$1,676,776$7,856,626
86$10,398,440$2,684,900$1,624,171$8,497,570
87$11,346,877$2,704,256$1,566,378$9,200,665
88$12,388,521$2,721,027$1,503,114$9,972,216
89$13,532,766$2,734,974$1,434,084$10,819,174
90$14,789,965$2,745,844$1,358,982$11,749,203
91$16,171,518$2,753,367$1,277,485$12,770,746
92$17,689,988$2,757,258$1,189,256$13,893,115
93$19,359,216$2,757,212$1,093,945$15,126,569
94$21,194,447$2,752,906$991,183$16,482,419
95$23,212,480$2,743,999$880,588$17,973,131
96$25,431,823$2,730,125$761,757$19,612,447
97$27,872,867$2,710,898$634,274$21,415,512
98$30,558,077$2,685,910$497,700$23,399,022
99$33,512,208$2,654,727$351,580$25,581,375
100$36,762,532$2,616,887$195,437$27,982,855