Can I retire at age 66 with 1,130,000?

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 $1,130,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.4%
1 years$93,314$92,483$91,672$90,881$90,108$86,704
2 years$46,195$45,335$44,501$43,693$42,908$39,519
3 years$30,491$29,627$28,795$27,994$27,223$23,954
4 years$22,640$21,779$20,955$20,168$19,416$16,292
5 years$17,931$17,075$16,262$15,491$14,759$11,790
6 years$14,793$13,943$13,142$12,388$11,679$8,865
7 years$12,552$11,709$10,921$10,185$9,498$6,839
8 years$10,872$10,037$9,262$8,544$7,879$5,373
9 years$9,566$8,739$7,978$7,278$6,636$4,278
10 years$8,522$7,703$6,955$6,273$5,654$3,440
11 years$7,668$6,858$6,123$5,460$4,862$2,789
12 years$6,957$6,155$5,434$4,789$4,214$2,274
13 years$6,356$5,562$4,855$4,228$3,674$1,864
14 years$5,842$5,056$4,362$3,753$3,221$1,533
15 years$5,396$4,619$3,938$3,347$2,836$1,266
16 years$5,006$4,238$3,571$2,997$2,506$1,047
17 years$4,663$3,903$3,249$2,693$2,222$868
18 years$4,358$3,606$2,966$2,427$1,976$721
19 years$4,085$3,342$2,715$2,193$1,761$600
20 years$3,841$3,106$2,492$1,986$1,573$499
21 years$3,619$2,893$2,292$1,802$1,408$416
22 years$3,418$2,700$2,113$1,639$1,262$347
23 years$3,235$2,526$1,951$1,492$1,133$290
24 years$3,067$2,366$1,804$1,361$1,018$242
25 years$2,913$2,221$1,671$1,243$916$202
26 years$2,771$2,087$1,550$1,137$825$169
27 years$2,640$1,964$1,439$1,040$744$141
28 years$2,519$1,851$1,338$953$671$118
29 years$2,405$1,746$1,245$874$606$99
30 years$2,300$1,649$1,160$802$548$83
31 years$2,202$1,559$1,081$737$495$69
32 years$2,110$1,475$1,009$677$448$58
33 years$2,024$1,397$942$623$405$49
34 years$1,943$1,324$880$573$367$41
35 years$1,866$1,256$823$527$332$34
36 years$1,795$1,192$770$486$301$28
37 years$1,727$1,132$720$448$273$24
38 years$1,663$1,076$675$413$248$20
39 years$1,602$1,023$632$380$224$17
40 years$1,545$973$592$351$204$14
41 years$1,490$926$555$324$185$12
42 years$1,439$882$521$299$168$10
43 years$1,389$841$489$276$152$8
44 years$1,343$801$459$255$138$7
45 years$1,298$764$431$235$125$6
46 years$1,255$729$405$217$114$5
47 years$1,215$696$380$201$103$4
48 years$1,176$664$357$185$94$3
49 years$1,139$634$336$171$85$3
50 years$1,103$606$316$158$77$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $1,130,000, adding $6,908 every year, while hoping to spend $59,111 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: 64/31/5 Blend
65$1,130,000$1,130,000$1,130,000$1,130,000
66$1,252,386$1,192,496$1,174,981$1,331,202
67$1,317,235$1,188,034$1,151,449$1,380,024
68$1,386,718$1,181,373$1,125,148$1,425,667
69$1,461,245$1,172,342$1,095,922$1,473,950
70$1,541,266$1,160,761$1,063,609$1,525,124
71$1,627,275$1,146,437$1,028,039$1,579,467
72$1,719,813$1,129,169$989,035$1,637,286
73$1,819,477$1,108,742$946,411$1,698,922
74$1,926,921$1,084,927$899,972$1,764,751
75$2,042,862$1,057,483$849,517$1,835,193
76$2,168,090$1,026,156$794,832$1,910,709
77$2,303,473$990,675$735,696$1,991,813
78$2,449,962$950,754$671,877$2,079,071
79$2,608,608$906,090$603,134$2,173,113
80$2,780,560$856,363$529,213$2,274,633
81$2,967,087$801,234$449,852$2,384,402
82$3,169,581$740,346$364,773$2,503,272
83$3,389,575$673,320$273,690$2,632,185
84$3,628,754$599,755$176,301$2,772,186
85$3,888,973$519,229$72,293$2,924,428
86$4,172,272$431,295$0$3,090,188
87$4,480,896$335,481$0$3,272,945
88$4,817,316$231,288$0$3,476,445
89$5,184,251$118,189$0$3,698,574
90$5,584,694$0$0$3,941,262
91$6,021,938$0$0$4,208,134
92$6,499,612$0$0$4,543,798
93$7,021,706$0$0$4,910,753
94$7,592,616$0$0$5,312,097
95$8,217,183$0$0$5,751,242
96$8,900,734$0$0$6,231,945
97$9,649,137$0$0$6,758,344
98$10,468,854$0$0$7,334,993
99$11,367,000$0$0$7,966,911
100$12,351,412$0$0$8,659,622