Can I retire at age 66 with 1,900,000?

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 $1,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.9%
1 years$156,900$155,503$154,139$152,808$151,509$145,497
2 years$77,673$76,227$74,825$73,465$72,147$66,165
3 years$51,268$49,815$48,417$47,070$45,773$40,009
4 years$38,068$36,619$35,235$33,911$32,646$27,144
5 years$30,150$28,710$27,344$26,047$24,817$19,590
6 years$24,873$23,444$22,098$20,830$19,637$14,689
7 years$21,105$19,688$18,363$17,126$15,970$11,300
8 years$18,280$16,876$15,574$14,366$13,249$8,851
9 years$16,085$14,694$13,414$12,237$11,157$7,026
10 years$14,329$12,952$11,694$10,548$9,506$5,633
11 years$12,894$11,530$10,295$9,180$8,176$4,551
12 years$11,698$10,349$9,137$8,052$7,085$3,699
13 years$10,688$9,353$8,163$7,109$6,178$3,021
14 years$9,822$8,501$7,335$6,310$5,416$2,477
15 years$9,073$7,766$6,622$5,628$4,769$2,037
16 years$8,418$7,125$6,004$5,039$4,214$1,679
17 years$7,840$6,562$5,463$4,528$3,737$1,387
18 years$7,328$6,064$4,987$4,080$3,323$1,148
19 years$6,869$5,620$4,566$3,687$2,962$951
20 years$6,457$5,222$4,190$3,339$2,645$789
21 years$6,085$4,864$3,854$3,031$2,367$655
22 years$5,747$4,540$3,552$2,755$2,122$544
23 years$5,439$4,247$3,280$2,509$1,905$452
24 years$5,157$3,979$3,033$2,289$1,712$376
25 years$4,898$3,734$2,809$2,090$1,541$313
26 years$4,660$3,509$2,606$1,911$1,388$261
27 years$4,439$3,303$2,420$1,749$1,251$217
28 years$4,235$3,112$2,249$1,603$1,129$181
29 years$4,045$2,936$2,093$1,470$1,019$151
30 years$3,868$2,773$1,950$1,349$921$126
31 years$3,702$2,621$1,818$1,239$833$105
32 years$3,548$2,480$1,696$1,139$753$87
33 years$3,403$2,349$1,583$1,047$682$73
34 years$3,266$2,226$1,479$963$617$61
35 years$3,138$2,111$1,383$887$559$51
36 years$3,018$2,004$1,294$817$507$42
37 years$2,904$1,903$1,211$752$459$35
38 years$2,796$1,809$1,134$694$416$29
39 years$2,694$1,720$1,063$640$377$24
40 years$2,598$1,636$996$590$342$20
41 years$2,506$1,558$934$544$311$17
42 years$2,419$1,484$876$502$282$14
43 years$2,336$1,414$822$464$256$12
44 years$2,257$1,347$772$428$232$10
45 years$2,182$1,285$725$395$211$8
46 years$2,111$1,226$681$365$191$7
47 years$2,043$1,170$639$337$174$6
48 years$1,977$1,117$601$312$158$5
49 years$1,915$1,066$565$288$143$4
50 years$1,855$1,019$531$266$130$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $1,900,000, adding $2,337 every year, while hoping to spend $42,590 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: 56/24/20 Blend
65$1,900,000$1,900,000$1,900,000$1,900,000
66$2,096,211$1,995,511$1,966,061$2,202,206
67$2,264,709$2,047,975$1,986,608$2,327,252
68$2,448,966$2,101,583$2,006,417$2,458,660
69$2,650,545$2,156,345$2,025,416$2,600,884
70$2,871,167$2,212,272$2,043,534$2,754,974
71$3,112,725$2,269,373$2,060,692$2,922,085
72$3,377,307$2,327,656$2,076,808$3,103,490
73$3,667,208$2,387,127$2,091,798$3,300,591
74$3,984,961$2,447,794$2,105,570$3,514,932
75$4,333,350$2,509,659$2,118,030$3,748,215
76$4,715,446$2,572,726$2,129,078$4,002,314
77$5,134,629$2,636,997$2,138,610$4,279,293
78$5,594,622$2,702,471$2,146,514$4,581,429
79$6,099,526$2,769,145$2,152,675$4,911,226
80$6,653,859$2,837,015$2,156,971$5,271,448
81$7,262,599$2,906,074$2,159,275$5,665,137
82$7,931,226$2,976,313$2,159,453$6,095,647
83$8,665,780$3,047,722$2,157,364$6,566,673
84$9,472,914$3,120,285$2,152,860$7,082,286
85$10,359,957$3,193,984$2,145,786$7,646,974
86$11,334,984$3,268,801$2,135,982$8,265,680
87$12,406,890$3,344,711$2,123,275$8,943,854
88$13,585,477$3,421,685$2,107,489$9,687,500
89$14,881,542$3,499,694$2,088,436$10,503,236
90$16,306,981$3,578,701$2,065,920$11,398,353
91$17,874,902$3,658,666$2,039,738$12,380,889
92$19,599,746$3,739,545$2,009,673$13,459,699
93$21,497,425$3,821,287$1,975,502$14,644,545
94$23,585,470$3,903,838$1,936,989$15,946,184
95$25,883,197$3,987,136$1,893,887$17,376,469
96$28,411,892$4,071,114$1,845,941$18,948,465
97$31,195,004$4,155,697$1,792,879$20,676,571
98$34,258,374$4,240,806$1,734,420$22,576,656
99$37,630,475$4,326,352$1,670,270$24,666,206
100$41,342,678$4,412,239$1,600,119$26,964,495