Can I retire at age 66 with 1,100,000?

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 $1,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$90,837$90,028$89,238$88,468$87,716$87,236
2 years$44,969$44,131$43,320$42,533$41,769$41,285
3 years$29,681$28,840$28,031$27,251$26,500$26,027
4 years$22,039$21,201$20,399$19,633$18,900$18,441
5 years$17,455$16,622$15,831$15,080$14,368$13,924
6 years$14,400$13,573$12,793$12,060$11,369$10,941
7 years$12,219$11,398$10,631$9,915$9,246$8,835
8 years$10,583$9,771$9,016$8,317$7,670$7,276
9 years$9,312$8,507$7,766$7,084$6,459$6,081
10 years$8,296$7,499$6,770$6,107$5,504$5,142
11 years$7,465$6,675$5,960$5,315$4,733$4,388
12 years$6,773$5,992$5,290$4,662$4,102$3,772
13 years$6,188$5,415$4,726$4,116$3,577$3,262
14 years$5,687$4,922$4,246$3,653$3,135$2,836
15 years$5,253$4,496$3,834$3,258$2,761$2,475
16 years$4,873$4,125$3,476$2,917$2,440$2,169
17 years$4,539$3,799$3,163$2,621$2,163$1,906
18 years$4,242$3,510$2,887$2,362$1,924$1,680
19 years$3,977$3,253$2,643$2,135$1,715$1,483
20 years$3,739$3,023$2,426$1,933$1,531$1,313
21 years$3,523$2,816$2,231$1,755$1,371$1,164
22 years$3,327$2,629$2,057$1,595$1,228$1,033
23 years$3,149$2,459$1,899$1,453$1,103$918
24 years$2,986$2,304$1,756$1,325$991$818
25 years$2,836$2,162$1,627$1,210$892$728
26 years$2,698$2,032$1,509$1,106$803$650
27 years$2,570$1,912$1,401$1,013$724$580
28 years$2,452$1,802$1,302$928$654$518
29 years$2,342$1,700$1,212$851$590$463
30 years$2,239$1,605$1,129$781$533$414
31 years$2,143$1,517$1,052$717$482$370
32 years$2,054$1,436$982$659$436$331
33 years$1,970$1,360$917$606$395$297
34 years$1,891$1,289$857$558$357$266
35 years$1,817$1,222$801$513$324$238
36 years$1,747$1,160$749$473$293$213
37 years$1,681$1,102$701$436$266$191
38 years$1,619$1,047$657$402$241$172
39 years$1,560$996$615$370$218$154
40 years$1,504$947$577$342$198$138
41 years$1,451$902$541$315$180$124
42 years$1,400$859$507$291$163$111
43 years$1,353$818$476$268$148$100
44 years$1,307$780$447$248$134$90
45 years$1,264$744$419$229$122$80
46 years$1,222$710$394$211$111$72
47 years$1,183$677$370$195$101$65
48 years$1,145$646$348$180$91$58
49 years$1,109$617$327$167$83$52
50 years$1,074$590$307$154$75$47

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $1,100,000, adding $6,904 every year, while hoping to spend $53,244 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: 62/12/26 Blend
65$1,100,000$1,100,000$1,100,000$1,100,000
66$1,219,321$1,161,021$1,143,971$1,286,081
67$1,287,041$1,161,260$1,125,643$1,332,418
68$1,359,884$1,159,726$1,104,917$1,376,563
69$1,438,315$1,156,277$1,081,655$1,423,609
70$1,522,848$1,150,759$1,055,715$1,473,849
71$1,614,045$1,143,012$1,026,948$1,527,605
72$1,712,524$1,132,866$995,197$1,585,238
73$1,818,963$1,120,139$960,298$1,647,144
74$1,934,111$1,104,638$922,081$1,713,764
75$2,058,785$1,086,161$880,366$1,785,585
76$2,193,890$1,064,492$834,967$1,863,145
77$2,340,416$1,039,401$785,688$1,947,041
78$2,499,455$1,010,648$732,325$2,037,933
79$2,672,205$977,976$674,664$2,136,551
80$2,859,987$941,114$612,482$2,243,704
81$3,064,252$899,774$545,546$2,360,283
82$3,286,597$853,655$473,613$2,487,278
83$3,528,780$802,434$396,429$2,625,781
84$3,792,735$745,772$313,729$2,776,998
85$4,080,589$683,310$225,234$2,942,265
86$4,394,686$614,669$130,656$3,123,056
87$4,737,604$539,448$29,693$3,321,003
88$5,112,181$457,222$0$3,537,907
89$5,521,542$367,545$0$3,797,411
90$5,969,128$269,943$0$4,090,259
91$6,458,726$163,917$0$4,410,730
92$6,994,506$48,939$0$4,761,606
93$7,581,061$0$0$5,145,954
94$8,223,447$0$0$5,577,130
95$8,927,234$0$0$6,056,680
96$9,698,555$0$0$6,582,330
97$10,544,165$0$0$7,158,694
98$11,471,501$0$0$7,790,855
99$12,488,759$0$0$8,484,407
100$13,604,962$0$0$9,245,517