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

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 $1,930,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$159,378$157,958$156,573$155,221$153,901$153,188
2 years$78,900$77,430$76,006$74,625$73,286$72,567
3 years$52,077$50,602$49,181$47,813$46,496$45,792
4 years$38,669$37,198$35,791$34,447$33,161$32,478
5 years$30,626$29,163$27,775$26,458$25,209$24,549
6 years$25,265$23,814$22,447$21,159$19,947$19,311
7 years$21,438$19,999$18,653$17,396$16,222$15,610
8 years$18,569$17,143$15,819$14,593$13,458$12,870
9 years$16,339$14,926$13,625$12,430$11,333$10,770
10 years$14,555$13,156$11,879$10,715$9,657$9,117
11 years$13,097$11,712$10,458$9,325$8,305$7,789
12 years$11,883$10,512$9,281$8,179$7,197$6,704
13 years$10,857$9,500$8,292$7,221$6,276$5,805
14 years$9,977$8,635$7,451$6,410$5,501$5,053
15 years$9,216$7,889$6,727$5,717$4,844$4,417
16 years$8,551$7,238$6,099$5,119$4,281$3,875
17 years$7,964$6,666$5,550$4,599$3,796$3,410
18 years$7,443$6,159$5,066$4,145$3,375$3,009
19 years$6,978$5,708$4,638$3,745$3,008$2,662
20 years$6,559$5,305$4,256$3,392$2,687$2,359
21 years$6,181$4,941$3,915$3,078$2,405$2,094
22 years$5,838$4,612$3,608$2,799$2,155$1,862
23 years$5,525$4,314$3,332$2,549$1,935$1,658
24 years$5,239$4,042$3,081$2,325$1,739$1,478
25 years$4,976$3,793$2,854$2,123$1,565$1,319
26 years$4,733$3,565$2,647$1,941$1,410$1,178
27 years$4,509$3,355$2,458$1,777$1,271$1,053
28 years$4,302$3,161$2,285$1,628$1,147$942
29 years$4,108$2,982$2,126$1,493$1,035$843
30 years$3,929$2,816$1,980$1,370$936$755
31 years$3,761$2,662$1,846$1,258$846$677
32 years$3,604$2,519$1,723$1,157$765$607
33 years$3,456$2,386$1,608$1,064$692$544
34 years$3,318$2,261$1,503$979$627$488
35 years$3,188$2,145$1,405$901$568$438
36 years$3,065$2,036$1,314$830$515$393
37 years$2,950$1,933$1,230$764$466$353
38 years$2,840$1,837$1,152$705$423$317
39 years$2,737$1,747$1,079$650$383$285
40 years$2,639$1,662$1,012$599$348$256
41 years$2,546$1,582$949$553$315$230
42 years$2,457$1,507$890$510$286$207
43 years$2,373$1,436$835$471$260$186
44 years$2,293$1,369$784$435$236$167
45 years$2,217$1,305$736$402$214$150
46 years$2,144$1,245$691$371$194$135
47 years$2,075$1,188$649$343$176$122
48 years$2,008$1,134$610$317$160$109
49 years$1,945$1,083$574$293$146$98
50 years$1,884$1,035$539$271$132$89

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 $3,906 every year, while hoping to spend $29,607 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: 43/36/21 Blend
65$1,930,000$1,930,000$1,930,000$1,930,000
66$2,130,889$2,028,599$1,998,684$2,209,331
67$2,316,738$2,096,499$2,034,138$2,333,169
68$2,520,551$2,166,733$2,069,788$2,464,077
69$2,744,130$2,239,386$2,105,608$2,605,303
70$2,989,458$2,314,542$2,141,573$2,757,814
71$3,258,721$2,392,293$2,177,653$2,922,674
72$3,554,324$2,472,729$2,213,819$3,101,051
73$3,878,921$2,555,949$2,250,038$3,294,231
74$4,235,431$2,642,050$2,286,274$3,503,629
75$4,627,073$2,731,138$2,322,492$3,730,801
76$5,057,390$2,823,320$2,358,651$3,977,457
77$5,530,287$2,918,706$2,394,710$4,245,482
78$6,050,068$3,017,413$2,430,623$4,536,948
79$6,621,469$3,119,562$2,466,344$4,854,136
80$7,249,715$3,225,276$2,501,822$5,199,557
81$7,940,556$3,334,684$2,537,003$5,575,973
82$8,700,331$3,447,922$2,571,831$5,986,427
83$9,536,023$3,565,129$2,606,246$6,434,268
84$10,455,326$3,686,449$2,640,183$6,923,181
85$11,466,716$3,812,032$2,673,577$7,457,227
86$12,579,534$3,942,034$2,706,355$8,040,874
87$13,804,071$4,076,618$2,738,442$8,679,043
88$15,151,665$4,215,952$2,769,759$9,377,156
89$16,634,811$4,360,209$2,800,222$10,141,179
90$18,267,275$4,509,572$2,829,742$10,977,685
91$20,064,224$4,664,229$2,858,226$11,893,913
92$22,042,374$4,824,375$2,885,575$12,897,835
93$24,220,140$4,990,214$2,911,686$13,998,233
94$26,617,816$5,161,956$2,936,449$15,204,780
95$29,257,763$5,339,821$2,959,749$16,528,128
96$32,164,619$5,524,036$2,981,465$17,980,013
97$35,365,535$5,714,839$3,001,470$19,573,363
98$38,890,429$5,912,476$3,019,628$21,322,418
99$42,772,267$6,117,201$3,035,799$23,242,865
100$47,047,375$6,329,280$3,049,836$25,351,987