Can I retire at age 66 with 1,090,000?

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 $1,090,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.1%
1 years$90,011$89,209$88,427$87,664$86,918$85,094
2 years$44,560$43,730$42,926$42,146$41,390$39,560
3 years$29,412$28,578$27,776$27,003$26,259$24,482
4 years$21,839$21,008$20,214$19,454$18,728$17,017
5 years$17,296$16,470$15,687$14,943$14,237$12,596
6 years$14,269$13,449$12,677$11,950$11,265$9,696
7 years$12,108$11,295$10,535$9,825$9,162$7,665
8 years$10,487$9,682$8,934$8,242$7,600$6,176
9 years$9,228$8,430$7,695$7,020$6,401$5,048
10 years$8,220$7,430$6,709$6,051$5,454$4,171
11 years$7,397$6,615$5,906$5,267$4,690$3,475
12 years$6,711$5,937$5,242$4,619$4,065$2,916
13 years$6,131$5,365$4,683$4,078$3,544$2,460
14 years$5,635$4,877$4,208$3,620$3,107$2,085
15 years$5,205$4,455$3,799$3,229$2,736$1,774
16 years$4,829$4,088$3,444$2,891$2,418$1,514
17 years$4,498$3,765$3,134$2,597$2,144$1,295
18 years$4,204$3,479$2,861$2,341$1,906$1,110
19 years$3,941$3,224$2,619$2,115$1,699$954
20 years$3,705$2,996$2,404$1,916$1,518$821
21 years$3,491$2,790$2,211$1,739$1,358$707
22 years$3,297$2,605$2,038$1,581$1,217$610
23 years$3,121$2,436$1,882$1,440$1,093$527
24 years$2,959$2,283$1,740$1,313$982$455
25 years$2,810$2,142$1,612$1,199$884$394
26 years$2,673$2,013$1,495$1,096$796$341
27 years$2,547$1,895$1,388$1,004$718$295
28 years$2,429$1,785$1,290$919$648$255
29 years$2,320$1,684$1,201$843$585$221
30 years$2,219$1,591$1,119$774$528$192
31 years$2,124$1,504$1,043$711$478$166
32 years$2,035$1,423$973$653$432$144
33 years$1,952$1,347$908$601$391$125
34 years$1,874$1,277$849$553$354$109
35 years$1,800$1,211$794$509$321$94
36 years$1,731$1,150$742$469$291$82
37 years$1,666$1,092$695$432$263$71
38 years$1,604$1,038$651$398$239$62
39 years$1,546$987$610$367$217$54
40 years$1,490$939$571$338$196$46
41 years$1,438$894$536$312$178$40
42 years$1,388$851$503$288$162$35
43 years$1,340$811$472$266$147$30
44 years$1,295$773$443$246$133$26
45 years$1,252$737$416$227$121$23
46 years$1,211$703$390$210$110$20
47 years$1,172$671$367$194$100$17
48 years$1,134$641$345$179$91$15
49 years$1,098$612$324$165$82$13
50 years$1,064$584$305$153$75$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $1,090,000, adding $6,487 every year, while hoping to spend $39,582 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: 40/37/23 Blend
65$1,090,000$1,090,000$1,090,000$1,090,000
66$1,207,871$1,150,101$1,133,206$1,247,741
67$1,288,959$1,164,341$1,129,054$1,291,277
68$1,376,992$1,177,953$1,123,436$1,334,118
69$1,472,635$1,190,862$1,116,261$1,379,673
70$1,576,622$1,202,993$1,107,434$1,428,215
71$1,689,760$1,214,262$1,096,855$1,480,043
72$1,812,936$1,224,582$1,084,421$1,535,488
73$1,947,127$1,233,858$1,070,020$1,594,920
74$2,093,408$1,241,990$1,053,540$1,658,746
75$2,252,961$1,248,873$1,034,859$1,727,418
76$2,427,088$1,254,393$1,013,852$1,801,435
77$2,617,222$1,258,430$990,387$1,881,353
78$2,824,941$1,260,855$964,327$1,967,783
79$3,051,982$1,261,534$935,529$2,061,404
80$3,300,255$1,260,320$903,840$2,162,968
81$3,571,868$1,257,062$869,105$2,273,306
82$3,869,136$1,251,597$831,159$2,393,337
83$4,194,614$1,243,751$789,828$2,524,078
84$4,551,112$1,233,341$744,934$2,666,656
85$4,941,724$1,220,174$696,289$2,822,314
86$5,369,861$1,204,043$643,695$2,992,429
87$5,839,276$1,184,731$586,949$3,178,521
88$6,354,105$1,162,005$525,834$3,382,274
89$6,918,901$1,135,622$460,127$3,605,547
90$7,538,683$1,105,321$389,595$3,850,395
91$8,218,974$1,070,827$313,993$4,119,089
92$8,965,863$1,031,851$233,065$4,414,139
93$9,786,054$988,085$146,546$4,738,318
94$10,686,934$939,203$54,156$5,094,690
95$11,676,638$884,861$0$5,486,638
96$12,764,130$824,694$0$5,928,807
97$13,959,286$758,318$0$6,429,311
98$15,272,983$685,327$0$6,979,483
99$16,717,208$605,288$0$7,584,439
100$18,305,165$517,749$0$8,249,822