Can I retire at age 66 with 1,140,000?

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 $1,140,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.2%
1 years$94,140$93,302$92,483$91,685$90,905$87,890
2 years$46,604$45,736$44,895$44,079$43,288$40,279
3 years$30,761$29,889$29,050$28,242$27,464$24,556
4 years$22,841$21,972$21,141$20,347$19,587$16,803
5 years$18,090$17,226$16,406$15,628$14,890$12,237
6 years$14,924$14,066$13,259$12,498$11,782$9,262
7 years$12,663$11,813$11,018$10,275$9,582$7,194
8 years$10,968$10,126$9,344$8,620$7,949$5,692
9 years$9,651$8,816$8,048$7,342$6,694$4,566
10 years$8,597$7,771$7,017$6,329$5,704$3,700
11 years$7,736$6,918$6,177$5,508$4,906$3,023
12 years$7,019$6,209$5,482$4,831$4,251$2,485
13 years$6,413$5,612$4,898$4,265$3,707$2,053
14 years$5,893$5,101$4,401$3,786$3,250$1,703
15 years$5,444$4,660$3,973$3,377$2,861$1,418
16 years$5,051$4,275$3,602$3,023$2,529$1,183
17 years$4,704$3,937$3,278$2,717$2,242$990
18 years$4,397$3,638$2,992$2,448$1,994$830
19 years$4,122$3,372$2,739$2,212$1,777$696
20 years$3,874$3,133$2,514$2,004$1,587$585
21 years$3,651$2,918$2,313$1,818$1,420$492
22 years$3,448$2,724$2,131$1,653$1,273$415
23 years$3,264$2,548$1,968$1,506$1,143$349
24 years$3,094$2,387$1,820$1,373$1,027$295
25 years$2,939$2,240$1,686$1,254$924$248
26 years$2,796$2,106$1,563$1,147$833$210
27 years$2,664$1,982$1,452$1,050$751$177
28 years$2,541$1,867$1,350$962$677$150
29 years$2,427$1,762$1,256$882$612$126
30 years$2,321$1,664$1,170$809$553$107
31 years$2,221$1,573$1,091$743$500$90
32 years$2,129$1,488$1,018$683$452$76
33 years$2,042$1,409$950$628$409$64
34 years$1,960$1,336$888$578$370$55
35 years$1,883$1,267$830$532$335$46
36 years$1,811$1,202$776$490$304$39
37 years$1,742$1,142$727$451$275$33
38 years$1,678$1,085$681$416$250$28
39 years$1,616$1,032$638$384$226$24
40 years$1,559$982$598$354$205$20
41 years$1,504$935$560$327$186$17
42 years$1,451$890$526$301$169$14
43 years$1,402$848$493$278$153$12
44 years$1,354$808$463$257$139$10
45 years$1,309$771$435$237$126$9
46 years$1,267$735$408$219$115$7
47 years$1,226$702$384$202$104$6
48 years$1,186$670$360$187$95$5
49 years$1,149$640$339$173$86$4
50 years$1,113$611$319$160$78$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $1,140,000, adding $2,164 every year, while hoping to spend $31,625 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: 40/48/12 Blend
65$1,140,000$1,140,000$1,140,000$1,140,000
66$1,258,512$1,198,092$1,180,422$1,304,259
67$1,353,232$1,223,150$1,186,318$1,361,812
68$1,456,553$1,248,376$1,191,351$1,420,754
69$1,569,319$1,273,744$1,195,459$1,483,819
70$1,692,460$1,299,228$1,198,577$1,551,395
71$1,826,998$1,324,797$1,200,636$1,623,908
72$1,974,058$1,350,419$1,201,564$1,701,831
73$2,134,881$1,376,059$1,201,286$1,785,682
74$2,310,832$1,401,678$1,199,722$1,876,034
75$2,503,412$1,427,236$1,196,788$1,973,519
76$2,714,278$1,452,688$1,192,398$2,078,832
77$2,945,250$1,477,985$1,186,459$2,192,742
78$3,198,336$1,503,077$1,178,876$2,316,095
79$3,475,746$1,527,908$1,169,548$2,449,825
80$3,779,914$1,552,417$1,158,370$2,594,962
81$4,113,521$1,576,541$1,145,231$2,752,642
82$4,479,520$1,600,211$1,130,016$2,924,117
83$4,881,162$1,623,353$1,112,603$3,110,769
84$5,322,032$1,645,888$1,092,866$3,314,122
85$5,806,074$1,667,732$1,070,671$3,535,857
86$6,337,636$1,688,793$1,045,881$3,777,826
87$6,921,506$1,708,976$1,018,350$4,042,075
88$7,562,961$1,728,176$987,926$4,330,858
89$8,267,811$1,746,285$954,449$4,646,661
90$9,042,459$1,763,184$917,754$4,992,227
91$9,893,957$1,778,748$877,667$5,370,580
92$10,830,077$1,792,843$834,005$5,785,057
93$11,859,380$1,805,327$786,580$6,239,335
94$12,991,298$1,816,049$735,191$6,737,473
95$14,236,223$1,824,848$679,632$7,283,943
96$15,605,604$1,831,552$619,687$7,883,680
97$17,112,057$1,835,979$555,127$8,542,124
98$18,769,480$1,837,936$485,717$9,265,277
99$20,593,188$1,837,216$411,210$10,059,754
100$22,600,055$1,833,601$331,347$10,932,852