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%15.8%
1 years$158,552$157,140$155,762$154,417$153,103$149,463
2 years$78,491$77,029$75,612$74,239$72,906$69,260
3 years$51,808$50,339$48,926$47,566$46,255$42,716
4 years$38,468$37,005$35,606$34,268$32,989$29,586
5 years$30,467$29,012$27,632$26,321$25,078$21,819
6 years$25,135$23,691$22,330$21,049$19,843$16,733
7 years$21,327$19,895$18,557$17,306$16,138$13,176
8 years$18,473$17,054$15,738$14,517$13,388$10,573
9 years$16,254$14,849$13,555$12,366$11,275$8,605
10 years$14,480$13,088$11,817$10,659$9,607$7,079
11 years$13,029$11,652$10,404$9,277$8,262$5,873
12 years$11,822$10,458$9,233$8,137$7,160$4,905
13 years$10,800$9,451$8,249$7,184$6,243$4,119
14 years$9,926$8,591$7,412$6,377$5,473$3,474
15 years$9,168$7,848$6,692$5,687$4,819$2,941
16 years$8,506$7,200$6,067$5,092$4,259$2,498
17 years$7,923$6,631$5,521$4,575$3,776$2,126
18 years$7,405$6,127$5,040$4,123$3,358$1,814
19 years$6,942$5,679$4,614$3,726$2,993$1,550
20 years$6,525$5,277$4,234$3,374$2,673$1,327
21 years$6,149$4,915$3,895$3,062$2,392$1,137
22 years$5,808$4,588$3,590$2,784$2,144$975
23 years$5,497$4,291$3,314$2,536$1,925$838
24 years$5,212$4,021$3,065$2,313$1,730$720
25 years$4,950$3,773$2,839$2,112$1,557$619
26 years$4,709$3,546$2,633$1,931$1,402$533
27 years$4,486$3,337$2,445$1,768$1,264$459
28 years$4,279$3,145$2,273$1,620$1,141$395
29 years$4,087$2,967$2,115$1,485$1,030$340
30 years$3,908$2,802$1,970$1,363$931$293
31 years$3,741$2,649$1,837$1,252$841$253
32 years$3,585$2,506$1,714$1,151$761$218
33 years$3,438$2,373$1,600$1,058$689$188
34 years$3,301$2,249$1,495$973$624$162
35 years$3,171$2,134$1,398$896$565$140
36 years$3,049$2,025$1,308$825$512$121
37 years$2,934$1,923$1,224$760$464$104
38 years$2,825$1,828$1,146$701$421$90
39 years$2,723$1,738$1,074$646$381$78
40 years$2,625$1,654$1,006$596$346$67
41 years$2,532$1,574$944$550$314$58
42 years$2,444$1,499$885$508$285$50
43 years$2,361$1,428$831$469$258$43
44 years$2,281$1,362$780$433$235$37
45 years$2,205$1,298$732$400$213$32
46 years$2,133$1,239$688$369$193$28
47 years$2,064$1,182$646$341$176$24
48 years$1,998$1,128$607$315$159$21
49 years$1,935$1,078$571$291$145$18
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 $6,886 every year, while hoping to spend $37,535 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: 64/25/11 Blend
65$1,920,000$1,920,000$1,920,000$1,920,000
66$2,122,943$2,021,183$1,991,423$2,253,142
67$2,299,546$2,080,284$2,018,199$2,400,061
68$2,492,905$2,141,023$2,044,613$2,555,467
69$2,704,689$2,203,440$2,070,615$2,724,264
70$2,936,736$2,267,578$2,096,150$2,907,754
71$3,191,071$2,333,477$2,121,159$3,107,369
72$3,469,924$2,401,182$2,145,582$3,324,686
73$3,775,751$2,470,735$2,169,354$3,561,442
74$4,111,258$2,542,180$2,192,407$3,819,548
75$4,479,423$2,615,564$2,214,669$4,101,110
76$4,883,528$2,690,931$2,236,065$4,408,446
77$5,327,189$2,768,328$2,256,514$4,744,109
78$5,814,389$2,847,802$2,275,933$5,110,910
79$6,349,513$2,929,400$2,294,234$5,511,945
80$6,937,394$3,013,172$2,311,322$5,950,626
81$7,583,357$3,099,166$2,327,099$6,430,709
82$8,293,265$3,187,432$2,341,464$6,956,332
83$9,073,582$3,278,019$2,354,306$7,532,053
84$9,931,424$3,370,979$2,365,512$8,162,892
85$10,874,635$3,466,362$2,374,962$8,854,382
86$11,911,854$3,564,221$2,382,530$9,612,614
87$13,052,603$3,664,607$2,388,084$10,444,303
88$14,307,368$3,767,573$2,391,485$11,356,844
89$15,687,707$3,873,171$2,392,587$12,358,383
90$17,206,351$3,981,454$2,391,237$13,457,899
91$18,877,330$4,092,477$2,387,274$14,665,280
92$20,716,100$4,206,291$2,380,531$15,991,424
93$22,739,694$4,322,950$2,370,829$17,448,337
94$24,966,876$4,442,508$2,357,986$19,049,247
95$27,418,324$4,565,018$2,341,805$20,808,729
96$30,116,823$4,690,533$2,322,085$22,742,844
97$33,087,475$4,819,106$2,298,612$24,869,287
98$36,357,945$4,950,789$2,271,162$27,207,556
99$39,958,712$5,085,634$2,239,503$29,779,136
100$43,923,363$5,223,693$2,203,389$32,607,701