Can I retire at age 66 with 1,110,000?

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 $1,110,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$91,663$90,846$90,050$89,272$88,513$87,808
2 years$45,378$44,532$43,713$42,919$42,149$41,438
3 years$29,951$29,102$28,285$27,499$26,741$26,047
4 years$22,240$21,393$20,585$19,811$19,072$18,399
5 years$17,614$16,773$15,974$15,217$14,498$13,849
6 years$14,531$13,696$12,910$12,169$11,472$10,848
7 years$12,330$11,502$10,728$10,005$9,330$8,730
8 years$10,680$9,859$9,098$8,393$7,740$7,165
9 years$9,397$8,584$7,836$7,149$6,518$5,968
10 years$8,371$7,567$6,832$6,162$5,554$5,028
11 years$7,533$6,736$6,015$5,363$4,776$4,274
12 years$6,834$6,046$5,338$4,704$4,139$3,661
13 years$6,244$5,464$4,769$4,153$3,609$3,154
14 years$5,738$4,966$4,285$3,687$3,164$2,731
15 years$5,300$4,537$3,869$3,288$2,786$2,374
16 years$4,918$4,163$3,508$2,944$2,462$2,072
17 years$4,580$3,834$3,192$2,645$2,183$1,813
18 years$4,281$3,542$2,914$2,384$1,941$1,591
19 years$4,013$3,283$2,667$2,154$1,730$1,399
20 years$3,773$3,051$2,448$1,951$1,545$1,233
21 years$3,555$2,842$2,252$1,770$1,383$1,088
22 years$3,358$2,653$2,075$1,610$1,240$962
23 years$3,178$2,481$1,916$1,466$1,113$851
24 years$3,013$2,324$1,772$1,337$1,000$754
25 years$2,862$2,181$1,641$1,221$900$669
26 years$2,722$2,050$1,522$1,117$811$594
27 years$2,593$1,929$1,414$1,022$731$527
28 years$2,474$1,818$1,314$936$660$469
29 years$2,363$1,715$1,223$859$596$417
30 years$2,259$1,620$1,139$788$538$371
31 years$2,163$1,531$1,062$724$486$330
32 years$2,073$1,449$991$665$440$294
33 years$1,988$1,372$925$612$398$262
34 years$1,908$1,300$864$563$361$234
35 years$1,833$1,233$808$518$327$208
36 years$1,763$1,171$756$477$296$186
37 years$1,696$1,112$708$440$268$166
38 years$1,633$1,057$663$405$243$148
39 years$1,574$1,005$621$374$220$132
40 years$1,518$956$582$345$200$118
41 years$1,464$910$546$318$181$105
42 years$1,413$867$512$293$165$94
43 years$1,365$826$480$271$149$84
44 years$1,319$787$451$250$136$75
45 years$1,275$751$423$231$123$67
46 years$1,233$716$398$213$112$60
47 years$1,193$683$373$197$102$53
48 years$1,155$652$351$182$92$48
49 years$1,119$623$330$168$84$42
50 years$1,084$595$310$156$76$38

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $1,110,000, adding $5,067 every year, while hoping to spend $42,319 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: 39/34/27 Blend
65$1,110,000$1,110,000$1,110,000$1,110,000
66$1,228,447$1,169,617$1,152,412$1,266,350
67$1,308,721$1,181,901$1,145,990$1,306,730
68$1,395,765$1,193,368$1,137,936$1,346,075
69$1,490,225$1,203,935$1,128,148$1,387,806
70$1,592,810$1,213,510$1,116,523$1,432,165
71$1,704,302$1,221,998$1,102,953$1,479,424
72$1,825,561$1,229,296$1,087,322$1,529,885
73$1,957,532$1,235,295$1,069,511$1,583,882
74$2,101,256$1,239,880$1,049,395$1,641,785
75$2,257,877$1,242,927$1,026,842$1,704,007
76$2,428,656$1,244,306$1,001,717$1,771,004
77$2,614,979$1,243,877$973,875$1,843,283
78$2,818,374$1,241,494$943,166$1,921,405
79$3,040,519$1,236,998$909,433$2,005,993
80$3,283,265$1,230,224$872,512$2,097,737
81$3,548,649$1,220,996$832,232$2,197,401
82$3,838,912$1,209,126$788,413$2,305,832
83$4,156,524$1,194,416$740,868$2,423,970
84$4,504,202$1,176,655$689,400$2,552,851
85$4,884,941$1,155,621$633,804$2,693,627
86$5,302,036$1,131,078$573,868$2,847,569
87$5,759,118$1,102,775$509,367$3,016,088
88$6,260,185$1,070,448$440,068$3,200,742
89$6,809,640$1,033,816$365,727$3,403,256
90$7,412,334$992,584$286,089$3,625,537
91$8,073,608$946,436$200,889$3,869,695
92$8,799,346$895,042$109,849$4,138,064
93$9,596,030$838,049$12,679$4,433,223
94$10,470,799$775,087$0$4,758,023
95$11,431,517$705,763$0$5,141,839
96$12,486,849$629,663$0$5,567,536
97$13,646,338$546,346$0$6,035,401
98$14,920,498$455,351$0$6,549,787
99$16,320,913$356,188$0$7,115,498
100$17,860,344$248,339$0$7,737,832