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%13.4%
1 years$91,663$90,846$90,050$89,272$88,513$87,262
2 years$45,378$44,532$43,713$42,919$42,149$40,891
3 years$29,951$29,102$28,285$27,499$26,741$25,516
4 years$22,240$21,393$20,585$19,811$19,072$17,888
5 years$17,614$16,773$15,974$15,217$14,498$13,359
6 years$14,531$13,696$12,910$12,169$11,472$10,379
7 years$12,330$11,502$10,728$10,005$9,330$8,284
8 years$10,680$9,859$9,098$8,393$7,740$6,741
9 years$9,397$8,584$7,836$7,149$6,518$5,565
10 years$8,371$7,567$6,832$6,162$5,554$4,646
11 years$7,533$6,736$6,015$5,363$4,776$3,914
12 years$6,834$6,046$5,338$4,704$4,139$3,320
13 years$6,244$5,464$4,769$4,153$3,609$2,832
14 years$5,738$4,966$4,285$3,687$3,164$2,428
15 years$5,300$4,537$3,869$3,288$2,786$2,090
16 years$4,918$4,163$3,508$2,944$2,462$1,805
17 years$4,580$3,834$3,192$2,645$2,183$1,563
18 years$4,281$3,542$2,914$2,384$1,941$1,357
19 years$4,013$3,283$2,667$2,154$1,730$1,180
20 years$3,773$3,051$2,448$1,951$1,545$1,029
21 years$3,555$2,842$2,252$1,770$1,383$898
22 years$3,358$2,653$2,075$1,610$1,240$785
23 years$3,178$2,481$1,916$1,466$1,113$686
24 years$3,013$2,324$1,772$1,337$1,000$601
25 years$2,862$2,181$1,641$1,221$900$527
26 years$2,722$2,050$1,522$1,117$811$462
27 years$2,593$1,929$1,414$1,022$731$406
28 years$2,474$1,818$1,314$936$660$356
29 years$2,363$1,715$1,223$859$596$313
30 years$2,259$1,620$1,139$788$538$275
31 years$2,163$1,531$1,062$724$486$242
32 years$2,073$1,449$991$665$440$213
33 years$1,988$1,372$925$612$398$187
34 years$1,908$1,300$864$563$361$165
35 years$1,833$1,233$808$518$327$145
36 years$1,763$1,171$756$477$296$128
37 years$1,696$1,112$708$440$268$113
38 years$1,633$1,057$663$405$243$99
39 years$1,574$1,005$621$374$220$87
40 years$1,518$956$582$345$200$77
41 years$1,464$910$546$318$181$68
42 years$1,413$867$512$293$165$60
43 years$1,365$826$480$271$149$53
44 years$1,319$787$451$250$136$46
45 years$1,275$751$423$231$123$41
46 years$1,233$716$398$213$112$36
47 years$1,193$683$373$197$102$32
48 years$1,155$652$351$182$92$28
49 years$1,119$623$330$168$84$25
50 years$1,084$595$310$156$76$22

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 $4,845 every year, while hoping to spend $25,521 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: 66/9/25 Blend
65$1,110,000$1,110,000$1,110,000$1,110,000
66$1,228,218$1,169,388$1,152,183$1,301,004
67$1,326,342$1,199,533$1,163,627$1,380,750
68$1,433,619$1,230,301$1,174,599$1,464,583
69$1,550,956$1,261,694$1,185,056$1,555,661
70$1,679,352$1,293,715$1,194,953$1,654,699
71$1,819,905$1,326,367$1,204,244$1,762,485
72$1,973,827$1,359,650$1,212,877$1,879,885
73$2,142,449$1,393,565$1,220,800$2,007,857
74$2,327,241$1,428,111$1,227,959$2,147,453
75$2,529,819$1,463,288$1,234,295$2,299,835
76$2,751,963$1,499,092$1,239,747$2,466,282
77$2,995,635$1,535,519$1,244,250$2,648,203
78$3,262,996$1,572,566$1,247,738$2,847,152
79$3,556,424$1,610,224$1,250,140$3,064,841
80$3,878,541$1,648,487$1,251,382$3,303,155
81$4,232,234$1,687,344$1,251,384$3,564,175
82$4,620,683$1,726,785$1,250,067$3,850,190
83$5,047,391$1,766,796$1,247,343$4,163,727
84$5,516,219$1,807,364$1,243,123$4,507,567
85$6,031,419$1,848,469$1,237,313$4,884,778
86$6,597,674$1,890,094$1,229,813$5,298,738
87$7,220,144$1,932,217$1,220,520$5,753,173
88$7,904,517$1,974,814$1,209,325$6,252,187
89$8,657,055$2,017,857$1,196,115$6,800,305
90$9,484,659$2,061,316$1,180,769$7,402,512
91$10,394,934$2,105,160$1,163,164$8,064,303
92$11,396,256$2,149,352$1,143,169$8,791,734
93$12,497,855$2,193,852$1,120,647$9,591,481
94$13,709,902$2,238,616$1,095,454$10,470,897
95$15,043,602$2,283,598$1,067,441$11,438,091
96$16,511,300$2,328,745$1,036,452$12,501,996
97$18,126,601$2,374,002$1,002,321$13,672,459
98$19,904,494$2,419,308$964,879$14,960,333
99$21,861,495$2,464,597$923,945$16,377,578
100$24,015,803$2,509,797$879,332$17,937,374