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%13.9%
1 years$90,011$89,209$88,427$87,664$86,918$85,513
2 years$44,560$43,730$42,926$42,146$41,390$39,978
3 years$29,412$28,578$27,776$27,003$26,259$24,885
4 years$21,839$21,008$20,214$19,454$18,728$17,402
5 years$17,296$16,470$15,687$14,943$14,237$12,962
6 years$14,269$13,449$12,677$11,950$11,265$10,044
7 years$12,108$11,295$10,535$9,825$9,162$7,994
8 years$10,487$9,682$8,934$8,242$7,600$6,486
9 years$9,228$8,430$7,695$7,020$6,401$5,339
10 years$8,220$7,430$6,709$6,051$5,454$4,444
11 years$7,397$6,615$5,906$5,267$4,690$3,731
12 years$6,711$5,937$5,242$4,619$4,065$3,155
13 years$6,131$5,365$4,683$4,078$3,544$2,683
14 years$5,635$4,877$4,208$3,620$3,107$2,292
15 years$5,205$4,455$3,799$3,229$2,736$1,966
16 years$4,829$4,088$3,444$2,891$2,418$1,692
17 years$4,498$3,765$3,134$2,597$2,144$1,460
18 years$4,204$3,479$2,861$2,341$1,906$1,263
19 years$3,941$3,224$2,619$2,115$1,699$1,095
20 years$3,705$2,996$2,404$1,916$1,518$951
21 years$3,491$2,790$2,211$1,739$1,358$827
22 years$3,297$2,605$2,038$1,581$1,217$720
23 years$3,121$2,436$1,882$1,440$1,093$627
24 years$2,959$2,283$1,740$1,313$982$547
25 years$2,810$2,142$1,612$1,199$884$478
26 years$2,673$2,013$1,495$1,096$796$417
27 years$2,547$1,895$1,388$1,004$718$365
28 years$2,429$1,785$1,290$919$648$319
29 years$2,320$1,684$1,201$843$585$279
30 years$2,219$1,591$1,119$774$528$244
31 years$2,124$1,504$1,043$711$478$214
32 years$2,035$1,423$973$653$432$188
33 years$1,952$1,347$908$601$391$164
34 years$1,874$1,277$849$553$354$144
35 years$1,800$1,211$794$509$321$126
36 years$1,731$1,150$742$469$291$111
37 years$1,666$1,092$695$432$263$97
38 years$1,604$1,038$651$398$239$85
39 years$1,546$987$610$367$217$75
40 years$1,490$939$571$338$196$66
41 years$1,438$894$536$312$178$58
42 years$1,388$851$503$288$162$50
43 years$1,340$811$472$266$147$44
44 years$1,295$773$443$246$133$39
45 years$1,252$737$416$227$121$34
46 years$1,211$703$390$210$110$30
47 years$1,172$671$367$194$100$26
48 years$1,134$641$345$179$91$23
49 years$1,098$612$324$165$82$20
50 years$1,064$584$305$153$75$18

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 $2,576 every year, while hoping to spend $27,832 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: 40/43/17 Blend
65$1,090,000$1,090,000$1,090,000$1,090,000
66$1,203,837$1,146,067$1,129,172$1,245,818
67$1,297,016$1,172,611$1,137,386$1,302,488
68$1,398,765$1,199,524$1,144,943$1,360,869
69$1,509,931$1,226,792$1,151,791$1,423,440
70$1,631,444$1,254,404$1,157,875$1,490,593
71$1,764,327$1,282,346$1,163,139$1,562,766
72$1,909,708$1,310,601$1,167,524$1,640,436
73$2,068,828$1,339,150$1,170,967$1,724,133
74$2,243,056$1,367,976$1,173,401$1,814,438
75$2,433,895$1,397,054$1,174,758$1,911,993
76$2,643,005$1,426,362$1,174,964$2,017,506
77$2,872,210$1,455,873$1,173,945$2,131,756
78$3,123,523$1,485,558$1,171,619$2,255,601
79$3,399,157$1,515,385$1,167,904$2,389,991
80$3,701,553$1,545,321$1,162,710$2,535,969
81$4,033,397$1,575,328$1,155,947$2,694,687
82$4,397,649$1,605,364$1,147,516$2,867,414
83$4,797,570$1,635,387$1,137,319$3,055,551
84$5,236,750$1,665,350$1,125,247$3,260,639
85$5,719,147$1,695,199$1,111,191$3,484,381
86$6,249,117$1,724,882$1,095,033$3,728,652
87$6,831,463$1,754,337$1,076,653$3,995,521
88$7,471,474$1,783,501$1,055,922$4,287,267
89$8,174,977$1,812,305$1,032,708$4,606,406
90$8,948,391$1,840,675$1,006,870$4,955,709
91$9,798,790$1,868,531$978,264$5,338,233
92$10,733,966$1,895,789$946,735$5,757,347
93$11,762,505$1,922,357$912,125$6,216,767
94$12,893,865$1,948,137$874,266$6,720,589
95$14,138,469$1,973,025$832,984$7,273,329
96$15,507,800$1,996,910$788,095$7,879,967
97$17,014,510$2,019,673$739,410$8,545,994
98$18,672,538$2,041,185$686,729$9,277,460
99$20,497,246$2,061,312$629,844$10,081,041
100$22,505,557$2,079,909$568,536$10,964,091