Can I retire at age 66 with 1,080,000?

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 $1,080,000?

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$89,185$88,391$87,616$86,859$86,121$85,722
2 years$44,151$43,329$42,532$41,759$41,010$40,607
3 years$29,142$28,316$27,521$26,756$26,018$25,624
4 years$21,638$20,815$20,028$19,276$18,557$18,174
5 years$17,138$16,319$15,543$14,806$14,106$13,737
6 years$14,138$13,326$12,561$11,840$11,162$10,806
7 years$11,997$11,191$10,438$9,735$9,078$8,735
8 years$10,391$9,593$8,852$8,166$7,531$7,202
9 years$9,143$8,352$7,625$6,956$6,342$6,027
10 years$8,145$7,362$6,647$5,996$5,404$5,102
11 years$7,329$6,554$5,852$5,218$4,647$4,358
12 years$6,650$5,883$5,194$4,577$4,027$3,751
13 years$6,075$5,316$4,640$4,041$3,512$3,249
14 years$5,583$4,832$4,169$3,587$3,078$2,828
15 years$5,157$4,414$3,764$3,199$2,711$2,472
16 years$4,785$4,050$3,413$2,864$2,396$2,168
17 years$4,457$3,730$3,106$2,574$2,124$1,908
18 years$4,165$3,447$2,835$2,319$1,889$1,684
19 years$3,905$3,194$2,595$2,096$1,683$1,489
20 years$3,671$2,968$2,382$1,898$1,504$1,320
21 years$3,459$2,765$2,191$1,723$1,346$1,172
22 years$3,267$2,581$2,019$1,566$1,206$1,042
23 years$3,092$2,414$1,864$1,426$1,083$928
24 years$2,932$2,262$1,724$1,301$973$827
25 years$2,784$2,122$1,597$1,188$876$738
26 years$2,649$1,995$1,481$1,086$789$659
27 years$2,523$1,877$1,375$994$711$589
28 years$2,407$1,769$1,279$911$642$527
29 years$2,299$1,669$1,190$835$579$472
30 years$2,198$1,576$1,108$767$524$423
31 years$2,104$1,490$1,033$704$473$379
32 years$2,017$1,410$964$647$428$339
33 years$1,934$1,335$900$595$387$304
34 years$1,857$1,265$841$548$351$273
35 years$1,784$1,200$786$504$318$245
36 years$1,715$1,139$736$464$288$220
37 years$1,651$1,082$688$428$261$198
38 years$1,589$1,028$645$394$237$178
39 years$1,531$978$604$364$215$160
40 years$1,477$930$566$335$195$143
41 years$1,424$885$531$309$177$129
42 years$1,375$843$498$285$160$116
43 years$1,328$803$467$264$145$104
44 years$1,283$766$439$243$132$94
45 years$1,241$730$412$225$120$84
46 years$1,200$697$387$208$109$76
47 years$1,161$665$363$192$99$68
48 years$1,124$635$341$177$90$61
49 years$1,088$606$321$164$81$55
50 years$1,054$579$302$151$74$50

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $1,080,000, adding $3,381 every year, while hoping to spend $21,280 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: 57/14/29 Blend
65$1,080,000$1,080,000$1,080,000$1,080,000
66$1,193,648$1,136,408$1,119,668$1,251,991
67$1,292,758$1,169,450$1,134,535$1,325,507
68$1,401,264$1,203,398$1,149,187$1,403,094
69$1,520,102$1,238,274$1,163,594$1,487,236
70$1,650,303$1,274,100$1,177,725$1,578,574
71$1,793,002$1,310,898$1,191,546$1,677,814
72$1,949,449$1,348,692$1,205,023$1,785,735
73$2,121,020$1,387,506$1,218,119$1,903,193
74$2,309,232$1,427,362$1,230,794$2,031,133
75$2,515,756$1,468,285$1,243,008$2,170,596
76$2,742,431$1,510,299$1,254,717$2,322,727
77$2,991,285$1,553,429$1,265,875$2,488,791
78$3,264,548$1,597,700$1,276,435$2,670,178
79$3,564,682$1,643,137$1,286,345$2,868,422
80$3,894,394$1,689,765$1,295,552$3,085,212
81$4,256,670$1,737,611$1,304,001$3,322,410
82$4,654,797$1,786,701$1,311,631$3,582,068
83$5,092,397$1,837,060$1,318,382$3,866,446
84$5,573,460$1,888,715$1,324,187$4,178,035
85$6,102,384$1,941,693$1,328,978$4,519,580
86$6,684,012$1,996,020$1,332,683$4,894,105
87$7,323,680$2,051,724$1,335,227$5,304,946
88$8,027,268$2,108,831$1,336,529$5,755,774
89$8,801,254$2,167,368$1,336,508$6,250,638
90$9,652,775$2,227,363$1,335,074$6,793,999
91$10,589,697$2,288,842$1,332,137$7,390,774
92$11,620,682$2,351,832$1,327,601$8,046,380
93$12,755,280$2,416,359$1,321,363$8,766,790
94$14,004,009$2,482,452$1,313,320$9,558,581
95$15,378,461$2,550,135$1,303,359$10,429,007
96$16,891,407$2,619,435$1,291,365$11,386,059
97$18,556,921$2,690,377$1,277,215$12,438,543
98$20,390,508$2,762,987$1,260,784$13,596,167
99$22,409,257$2,837,290$1,241,936$14,869,626
100$24,631,993$2,913,309$1,220,533$16,270,708