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%11.6%
1 years$91,663$90,846$90,050$89,272$88,513$87,918
2 years$45,378$44,532$43,713$42,919$42,149$41,549
3 years$29,951$29,102$28,285$27,499$26,741$26,155
4 years$22,240$21,393$20,585$19,811$19,072$18,504
5 years$17,614$16,773$15,974$15,217$14,498$13,950
6 years$14,531$13,696$12,910$12,169$11,472$10,944
7 years$12,330$11,502$10,728$10,005$9,330$8,822
8 years$10,680$9,859$9,098$8,393$7,740$7,253
9 years$9,397$8,584$7,836$7,149$6,518$6,052
10 years$8,371$7,567$6,832$6,162$5,554$5,108
11 years$7,533$6,736$6,015$5,363$4,776$4,350
12 years$6,834$6,046$5,338$4,704$4,139$3,733
13 years$6,244$5,464$4,769$4,153$3,609$3,222
14 years$5,738$4,966$4,285$3,687$3,164$2,795
15 years$5,300$4,537$3,869$3,288$2,786$2,435
16 years$4,918$4,163$3,508$2,944$2,462$2,129
17 years$4,580$3,834$3,192$2,645$2,183$1,868
18 years$4,281$3,542$2,914$2,384$1,941$1,642
19 years$4,013$3,283$2,667$2,154$1,730$1,447
20 years$3,773$3,051$2,448$1,951$1,545$1,278
21 years$3,555$2,842$2,252$1,770$1,383$1,130
22 years$3,358$2,653$2,075$1,610$1,240$1,001
23 years$3,178$2,481$1,916$1,466$1,113$888
24 years$3,013$2,324$1,772$1,337$1,000$789
25 years$2,862$2,181$1,641$1,221$900$701
26 years$2,722$2,050$1,522$1,117$811$624
27 years$2,593$1,929$1,414$1,022$731$555
28 years$2,474$1,818$1,314$936$660$495
29 years$2,363$1,715$1,223$859$596$441
30 years$2,259$1,620$1,139$788$538$394
31 years$2,163$1,531$1,062$724$486$351
32 years$2,073$1,449$991$665$440$314
33 years$1,988$1,372$925$612$398$280
34 years$1,908$1,300$864$563$361$250
35 years$1,833$1,233$808$518$327$224
36 years$1,763$1,171$756$477$296$200
37 years$1,696$1,112$708$440$268$179
38 years$1,633$1,057$663$405$243$160
39 years$1,574$1,005$621$374$220$143
40 years$1,518$956$582$345$200$128
41 years$1,464$910$546$318$181$115
42 years$1,413$867$512$293$165$103
43 years$1,365$826$480$271$149$92
44 years$1,319$787$451$250$136$82
45 years$1,275$751$423$231$123$74
46 years$1,233$716$398$213$112$66
47 years$1,193$683$373$197$102$59
48 years$1,155$652$351$182$92$53
49 years$1,119$623$330$168$84$47
50 years$1,084$595$310$156$76$42

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 $6,202 every year, while hoping to spend $35,384 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: 59/19/22 Blend
65$1,110,000$1,110,000$1,110,000$1,110,000
66$1,229,617$1,170,787$1,153,582$1,294,621
67$1,317,390$1,190,508$1,154,579$1,359,231
68$1,412,930$1,210,008$1,154,423$1,425,291
69$1,516,991$1,229,241$1,153,039$1,496,562
70$1,630,405$1,248,155$1,150,346$1,573,556
71$1,754,085$1,266,693$1,146,262$1,656,837
72$1,889,038$1,284,798$1,140,699$1,747,028
73$2,036,372$1,302,405$1,133,564$1,844,814
74$2,197,305$1,319,446$1,124,761$1,950,955
75$2,373,180$1,335,849$1,114,191$2,066,284
76$2,565,474$1,351,535$1,101,746$2,191,724
77$2,775,815$1,366,422$1,087,316$2,328,290
78$3,005,993$1,380,422$1,070,787$2,477,103
79$3,257,981$1,393,440$1,052,035$2,639,400
80$3,533,952$1,405,374$1,030,934$2,816,544
81$3,836,296$1,416,119$1,007,352$3,010,038
82$4,167,649$1,425,560$981,149$3,221,542
83$4,530,912$1,433,575$952,180$3,452,884
84$4,929,279$1,440,034$920,292$3,706,081
85$5,366,271$1,444,801$885,327$3,983,359
86$5,845,763$1,447,729$847,119$4,287,171
87$6,372,026$1,448,663$805,492$4,620,222
88$6,949,762$1,447,437$760,265$4,985,496
89$7,584,153$1,443,876$711,249$5,386,285
90$8,280,905$1,437,795$658,245$5,826,216
91$9,046,306$1,428,995$601,045$6,309,291
92$9,887,281$1,417,268$539,432$6,839,922
93$10,811,461$1,402,392$473,180$7,422,974
94$11,827,251$1,384,130$402,053$8,063,813
95$12,943,912$1,362,233$325,803$8,768,353
96$14,171,646$1,336,438$244,172$9,543,116
97$15,521,693$1,306,463$156,891$10,395,295
98$17,006,439$1,272,012$63,680$11,332,818
99$18,639,527$1,232,772$0$12,364,428
100$20,435,990$1,188,410$0$13,508,165