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%13.5%
1 years$158,552$157,140$155,762$154,417$153,103$150,878
2 years$78,491$77,029$75,612$74,239$72,906$70,669
3 years$51,808$50,339$48,926$47,566$46,255$44,075
4 years$38,468$37,005$35,606$34,268$32,989$30,884
5 years$30,467$29,012$27,632$26,321$25,078$23,053
6 years$25,135$23,691$22,330$21,049$19,843$17,901
7 years$21,327$19,895$18,557$17,306$16,138$14,279
8 years$18,473$17,054$15,738$14,517$13,388$11,612
9 years$16,254$14,849$13,555$12,366$11,275$9,582
10 years$14,480$13,088$11,817$10,659$9,607$7,995
11 years$13,029$11,652$10,404$9,277$8,262$6,730
12 years$11,822$10,458$9,233$8,137$7,160$5,705
13 years$10,800$9,451$8,249$7,184$6,243$4,864
14 years$9,926$8,591$7,412$6,377$5,473$4,167
15 years$9,168$7,848$6,692$5,687$4,819$3,584
16 years$8,506$7,200$6,067$5,092$4,259$3,093
17 years$7,923$6,631$5,521$4,575$3,776$2,677
18 years$7,405$6,127$5,040$4,123$3,358$2,322
19 years$6,942$5,679$4,614$3,726$2,993$2,019
20 years$6,525$5,277$4,234$3,374$2,673$1,758
21 years$6,149$4,915$3,895$3,062$2,392$1,533
22 years$5,808$4,588$3,590$2,784$2,144$1,339
23 years$5,497$4,291$3,314$2,536$1,925$1,170
24 years$5,212$4,021$3,065$2,313$1,730$1,024
25 years$4,950$3,773$2,839$2,112$1,557$897
26 years$4,709$3,546$2,633$1,931$1,402$786
27 years$4,486$3,337$2,445$1,768$1,264$689
28 years$4,279$3,145$2,273$1,620$1,141$605
29 years$4,087$2,967$2,115$1,485$1,030$531
30 years$3,908$2,802$1,970$1,363$931$467
31 years$3,741$2,649$1,837$1,252$841$410
32 years$3,585$2,506$1,714$1,151$761$360
33 years$3,438$2,373$1,600$1,058$689$317
34 years$3,301$2,249$1,495$973$624$279
35 years$3,171$2,134$1,398$896$565$245
36 years$3,049$2,025$1,308$825$512$216
37 years$2,934$1,923$1,224$760$464$190
38 years$2,825$1,828$1,146$701$421$167
39 years$2,723$1,738$1,074$646$381$147
40 years$2,625$1,654$1,006$596$346$129
41 years$2,532$1,574$944$550$314$114
42 years$2,444$1,499$885$508$285$100
43 years$2,361$1,428$831$469$258$88
44 years$2,281$1,362$780$433$235$78
45 years$2,205$1,298$732$400$213$68
46 years$2,133$1,239$688$369$193$60
47 years$2,064$1,182$646$341$176$53
48 years$1,998$1,128$607$315$159$47
49 years$1,935$1,078$571$291$145$41
50 years$1,875$1,029$536$269$132$36

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 $2,016 every year, while hoping to spend $42,629 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: 37/49/14 Blend
65$1,920,000$1,920,000$1,920,000$1,920,000
66$2,117,920$2,016,160$1,986,400$2,187,161
67$2,288,590$2,069,594$2,007,587$2,290,433
68$2,475,241$2,124,219$2,028,055$2,397,672
69$2,679,456$2,180,046$2,047,736$2,512,580
70$2,902,981$2,237,089$2,066,555$2,635,865
71$3,147,737$2,295,359$2,084,437$2,768,304
72$3,415,842$2,354,866$2,101,301$2,910,756
73$3,709,624$2,415,621$2,117,061$3,064,163
74$4,031,651$2,477,632$2,131,628$3,229,562
75$4,384,750$2,540,906$2,144,908$3,408,098
76$4,772,034$2,605,450$2,156,802$3,601,028
77$5,196,932$2,671,268$2,167,205$3,809,737
78$5,663,221$2,738,362$2,176,009$4,035,753
79$6,175,062$2,806,734$2,183,098$4,280,754
80$6,737,038$2,876,384$2,188,351$4,546,593
81$7,354,198$2,947,308$2,191,643$4,835,307
82$8,032,102$3,019,502$2,192,838$5,149,144
83$8,776,877$3,092,959$2,191,799$5,490,577
84$9,595,272$3,167,668$2,188,379$5,862,332
85$10,494,724$3,243,617$2,182,423$6,267,411
86$11,483,422$3,320,791$2,173,771$6,709,125
87$12,570,392$3,399,171$2,162,253$7,191,119
88$13,765,576$3,478,734$2,147,693$7,717,410
89$15,079,929$3,559,456$2,129,905$8,292,425
90$16,525,519$3,641,307$2,108,694$8,921,040
91$18,115,644$3,724,253$2,083,857$9,608,633
92$19,864,954$3,808,255$2,055,180$10,361,125
93$21,789,591$3,893,271$2,022,440$11,185,044
94$23,907,340$3,979,253$1,985,403$12,087,585
95$26,237,800$4,066,148$1,943,825$13,076,675
96$28,802,562$4,153,895$1,897,450$14,161,050
97$31,625,417$4,242,430$1,846,008$15,350,339
98$34,732,581$4,331,680$1,789,221$16,655,153
99$38,152,938$4,421,567$1,726,794$18,087,189
100$41,918,318$4,512,004$1,658,422$19,659,333