Can I retire at age 66 with 1,930,000?

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 $1,930,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$159,378$157,958$156,573$155,221$153,901$152,931
2 years$78,900$77,430$76,006$74,625$73,286$72,308
3 years$52,077$50,602$49,181$47,813$46,496$45,539
4 years$38,669$37,198$35,791$34,447$33,161$32,234
5 years$30,626$29,163$27,775$26,458$25,209$24,313
6 years$25,265$23,814$22,447$21,159$19,947$19,084
7 years$21,438$19,999$18,653$17,396$16,222$15,393
8 years$18,569$17,143$15,819$14,593$13,458$12,663
9 years$16,339$14,926$13,625$12,430$11,333$10,572
10 years$14,555$13,156$11,879$10,715$9,657$8,928
11 years$13,097$11,712$10,458$9,325$8,305$7,609
12 years$11,883$10,512$9,281$8,179$7,197$6,532
13 years$10,857$9,500$8,292$7,221$6,276$5,642
14 years$9,977$8,635$7,451$6,410$5,501$4,898
15 years$9,216$7,889$6,727$5,717$4,844$4,271
16 years$8,551$7,238$6,099$5,119$4,281$3,736
17 years$7,964$6,666$5,550$4,599$3,796$3,279
18 years$7,443$6,159$5,066$4,145$3,375$2,886
19 years$6,978$5,708$4,638$3,745$3,008$2,545
20 years$6,559$5,305$4,256$3,392$2,687$2,249
21 years$6,181$4,941$3,915$3,078$2,405$1,991
22 years$5,838$4,612$3,608$2,799$2,155$1,765
23 years$5,525$4,314$3,332$2,549$1,935$1,566
24 years$5,239$4,042$3,081$2,325$1,739$1,392
25 years$4,976$3,793$2,854$2,123$1,565$1,238
26 years$4,733$3,565$2,647$1,941$1,410$1,103
27 years$4,509$3,355$2,458$1,777$1,271$983
28 years$4,302$3,161$2,285$1,628$1,147$876
29 years$4,108$2,982$2,126$1,493$1,035$782
30 years$3,929$2,816$1,980$1,370$936$698
31 years$3,761$2,662$1,846$1,258$846$623
32 years$3,604$2,519$1,723$1,157$765$557
33 years$3,456$2,386$1,608$1,064$692$498
34 years$3,318$2,261$1,503$979$627$445
35 years$3,188$2,145$1,405$901$568$398
36 years$3,065$2,036$1,314$830$515$356
37 years$2,950$1,933$1,230$764$466$319
38 years$2,840$1,837$1,152$705$423$286
39 years$2,737$1,747$1,079$650$383$256
40 years$2,639$1,662$1,012$599$348$229
41 years$2,546$1,582$949$553$315$205
42 years$2,457$1,507$890$510$286$184
43 years$2,373$1,436$835$471$260$165
44 years$2,293$1,369$784$435$236$147
45 years$2,217$1,305$736$402$214$132
46 years$2,144$1,245$691$371$194$118
47 years$2,075$1,188$649$343$176$106
48 years$2,008$1,134$610$317$160$95
49 years$1,945$1,083$574$293$146$85
50 years$1,884$1,035$539$271$132$76

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $1,930,000, adding $4,093 every year, while hoping to spend $21,348 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: 80/9/11 Blend
65$1,930,000$1,930,000$1,930,000$1,930,000
66$2,131,082$2,028,792$1,998,877$2,297,164
67$2,325,738$2,105,489$2,043,125$2,483,460
68$2,539,534$2,185,228$2,088,140$2,684,652
69$2,774,399$2,268,137$2,133,925$2,904,808
70$3,032,458$2,354,346$2,180,483$3,145,813
71$3,316,055$2,443,995$2,227,815$3,409,747
72$3,627,768$2,537,227$2,275,923$3,698,898
73$3,970,441$2,634,191$2,324,806$4,015,785
74$4,347,205$2,735,045$2,374,466$4,363,184
75$4,761,509$2,839,952$2,424,900$4,744,152
76$5,217,156$2,949,082$2,476,107$5,162,057
77$5,718,332$3,062,613$2,528,083$5,620,606
78$6,269,653$3,180,733$2,580,825$6,123,886
79$6,876,202$3,303,633$2,634,327$6,676,395
80$7,543,581$3,431,518$2,688,583$7,283,091
81$8,277,962$3,564,598$2,743,587$7,949,435
82$9,086,146$3,703,094$2,799,328$8,681,441
83$9,975,624$3,847,238$2,855,797$9,485,736
84$10,954,655$3,997,269$2,912,983$10,369,620
85$12,032,334$4,153,440$2,970,873$11,341,136
86$13,218,686$4,316,012$3,029,451$12,409,144
87$14,524,756$4,485,261$3,088,702$13,583,406
88$15,962,715$4,661,473$3,148,607$14,874,676
89$17,545,974$4,844,946$3,209,147$16,294,804
90$19,289,309$5,035,995$3,270,299$17,856,845
91$21,209,004$5,234,944$3,332,040$19,575,181
92$23,323,002$5,442,136$3,394,343$21,465,660
93$25,651,074$5,657,927$3,457,179$23,545,745
94$28,215,007$5,882,688$3,520,518$25,834,672
95$31,038,809$6,116,811$3,584,326$28,353,641
96$34,148,933$6,360,700$3,648,567$31,126,008
97$37,574,530$6,614,781$3,713,200$34,177,508
98$41,347,725$6,879,497$3,778,185$37,536,499
99$45,503,914$7,155,314$3,843,475$41,234,225
100$50,082,104$7,442,715$3,909,022$45,305,116