Can I retire at age 66 with 1,830,000?

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 $1,830,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$151,120$149,774$148,460$147,178$145,927$144,644
2 years$74,812$73,418$72,068$70,759$69,489$68,196
3 years$49,379$47,980$46,633$45,336$44,087$42,824
4 years$36,665$35,270$33,937$32,662$31,443$30,220
5 years$29,039$27,652$26,336$25,088$23,902$22,723
6 years$23,956$22,580$21,284$20,063$18,913$17,779
7 years$20,327$18,963$17,687$16,495$15,381$14,293
8 years$17,607$16,255$15,000$13,837$12,760$11,717
9 years$15,492$14,153$12,919$11,786$10,746$9,748
10 years$13,801$12,475$11,263$10,160$9,156$8,203
11 years$12,419$11,106$9,916$8,842$7,875$6,965
12 years$11,267$9,968$8,800$7,756$6,824$5,957
13 years$10,294$9,008$7,862$6,847$5,951$5,126
14 years$9,460$8,188$7,064$6,078$5,216$4,432
15 years$8,739$7,480$6,378$5,421$4,593$3,849
16 years$8,108$6,863$5,783$4,853$4,059$3,354
17 years$7,551$6,320$5,262$4,361$3,599$2,931
18 years$7,058$5,840$4,804$3,930$3,200$2,568
19 years$6,616$5,413$4,398$3,551$2,852$2,255
20 years$6,220$5,030$4,036$3,216$2,548$1,984
21 years$5,861$4,685$3,712$2,919$2,280$1,749
22 years$5,536$4,373$3,421$2,654$2,044$1,543
23 years$5,239$4,090$3,159$2,417$1,835$1,364
24 years$4,967$3,832$2,922$2,204$1,649$1,206
25 years$4,718$3,596$2,706$2,013$1,484$1,068
26 years$4,488$3,380$2,510$1,841$1,337$947
27 years$4,276$3,181$2,330$1,685$1,205$840
28 years$4,079$2,997$2,166$1,544$1,087$745
29 years$3,896$2,828$2,016$1,416$982$662
30 years$3,725$2,670$1,878$1,299$887$588
31 years$3,566$2,524$1,751$1,193$802$523
32 years$3,417$2,389$1,633$1,097$726$465
33 years$3,277$2,262$1,525$1,008$657$413
34 years$3,146$2,144$1,425$928$594$368
35 years$3,023$2,034$1,332$854$538$327
36 years$2,906$1,930$1,246$787$488$291
37 years$2,797$1,833$1,167$725$442$259
38 years$2,693$1,742$1,092$668$401$231
39 years$2,595$1,657$1,023$616$364$206
40 years$2,502$1,576$959$568$330$183
41 years$2,414$1,500$899$524$299$163
42 years$2,330$1,429$844$484$271$146
43 years$2,250$1,361$792$447$246$130
44 years$2,174$1,298$743$412$224$116
45 years$2,102$1,237$698$381$203$103
46 years$2,033$1,181$655$352$184$92
47 years$1,967$1,127$616$325$167$82
48 years$1,904$1,075$579$300$152$73
49 years$1,844$1,027$544$278$138$65
50 years$1,787$981$511$257$125$58

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $1,830,000, adding $5,397 every year, while hoping to spend $33,005 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: 51/20/29 Blend
65$1,830,000$1,830,000$1,830,000$1,830,000
66$2,022,227$1,925,237$1,896,872$2,108,570
67$2,193,377$1,984,457$1,925,300$2,228,614
68$2,380,878$2,045,472$1,953,574$2,355,348
69$2,586,364$2,108,336$1,981,655$2,492,521
70$2,811,631$2,173,103$2,009,499$2,641,144
71$3,058,663$2,239,829$2,037,062$2,802,328
72$3,329,639$2,308,573$2,064,296$2,977,296
73$3,626,962$2,379,394$2,091,151$3,167,397
74$3,953,281$2,452,353$2,117,572$3,374,116
75$4,311,509$2,527,512$2,143,505$3,599,086
76$4,704,859$2,604,936$2,168,888$3,844,110
77$5,136,869$2,684,692$2,193,660$4,111,170
78$5,611,435$2,766,847$2,217,753$4,402,450
79$6,132,850$2,851,472$2,241,097$4,720,359
80$6,705,846$2,938,639$2,263,618$5,067,546
81$7,335,631$3,028,421$2,285,239$5,446,932
82$8,027,947$3,120,895$2,305,875$5,861,736
83$8,789,117$3,216,139$2,325,442$6,315,501
84$9,626,110$3,314,232$2,343,847$6,812,135
85$10,546,602$3,415,259$2,360,995$7,355,938
86$11,559,051$3,519,302$2,376,784$7,951,654
87$12,672,776$3,626,449$2,391,108$8,604,505
88$13,898,044$3,736,790$2,403,855$9,320,247
89$15,246,167$3,850,416$2,414,907$10,105,222
90$16,729,610$3,967,420$2,424,141$10,966,418
91$18,362,108$4,087,901$2,431,426$11,911,536
92$20,158,791$4,211,956$2,436,627$12,949,061
93$22,136,334$4,339,689$2,439,601$14,088,341
94$24,313,109$4,471,202$2,440,196$15,339,679
95$26,709,360$4,606,605$2,438,256$16,714,428
96$29,347,391$4,746,005$2,433,615$18,225,099
97$32,251,783$4,889,518$2,426,099$19,885,476
98$35,449,618$5,037,257$2,415,526$21,710,751
99$38,970,739$5,189,343$2,401,707$23,717,664
100$42,848,030$5,345,896$2,384,439$25,924,662