Can I retire at age 66 with 1,150,000?

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 $1,150,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.9%
1 years$94,966$94,120$93,295$92,489$91,703$90,221
2 years$47,013$46,137$45,289$44,466$43,668$42,179
3 years$31,031$30,151$29,305$28,490$27,705$26,255
4 years$23,041$22,164$21,326$20,525$19,759$18,360
5 years$18,248$17,377$16,550$15,765$15,021$13,676
6 years$15,055$14,190$13,375$12,608$11,885$10,597
7 years$12,774$11,916$11,115$10,365$9,666$8,434
8 years$11,064$10,215$9,426$8,695$8,019$6,843
9 years$9,735$8,894$8,119$7,407$6,753$5,633
10 years$8,673$7,839$7,078$6,384$5,754$4,688
11 years$7,804$6,979$6,231$5,556$4,949$3,937
12 years$7,081$6,264$5,530$4,874$4,288$3,329
13 years$6,469$5,661$4,941$4,303$3,739$2,831
14 years$5,945$5,145$4,439$3,820$3,278$2,419
15 years$5,491$4,700$4,008$3,406$2,886$2,075
16 years$5,095$4,313$3,634$3,050$2,551$1,785
17 years$4,745$3,972$3,307$2,740$2,262$1,541
18 years$4,435$3,670$3,019$2,470$2,011$1,333
19 years$4,158$3,401$2,763$2,232$1,792$1,155
20 years$3,908$3,161$2,536$2,021$1,601$1,003
21 years$3,683$2,944$2,333$1,834$1,433$872
22 years$3,479$2,748$2,150$1,668$1,284$759
23 years$3,292$2,570$1,985$1,519$1,153$662
24 years$3,122$2,408$1,836$1,385$1,036$577
25 years$2,965$2,260$1,700$1,265$932$504
26 years$2,820$2,124$1,577$1,157$840$440
27 years$2,687$1,999$1,464$1,059$757$385
28 years$2,563$1,884$1,361$970$683$337
29 years$2,448$1,777$1,267$890$617$295
30 years$2,341$1,678$1,180$816$557$258
31 years$2,241$1,586$1,100$750$504$226
32 years$2,147$1,501$1,026$689$456$198
33 years$2,059$1,422$958$634$413$173
34 years$1,977$1,347$895$583$374$152
35 years$1,900$1,278$837$537$338$133
36 years$1,826$1,213$783$494$307$117
37 years$1,758$1,152$733$455$278$102
38 years$1,692$1,095$686$420$252$90
39 years$1,631$1,041$643$387$228$79
40 years$1,572$990$603$357$207$69
41 years$1,517$943$565$329$188$61
42 years$1,464$898$530$304$171$53
43 years$1,414$856$498$281$155$47
44 years$1,366$816$467$259$141$41
45 years$1,321$778$439$239$128$36
46 years$1,278$742$412$221$116$32
47 years$1,236$708$387$204$105$28
48 years$1,197$676$364$189$96$24
49 years$1,159$645$342$174$87$21
50 years$1,123$617$321$161$79$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $1,150,000, adding $5,745 every year, while hoping to spend $39,541 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: 48/40/12 Blend
65$1,150,000$1,150,000$1,150,000$1,150,000
66$1,273,226$1,212,276$1,194,451$1,329,862
67$1,361,024$1,229,606$1,192,394$1,386,804
68$1,456,452$1,246,460$1,188,942$1,444,022
69$1,560,246$1,262,773$1,184,008$1,505,257
70$1,673,218$1,278,476$1,177,499$1,570,898
71$1,796,258$1,293,493$1,169,317$1,641,374
72$1,930,348$1,307,746$1,159,361$1,717,156
73$2,076,567$1,321,149$1,147,524$1,798,769
74$2,236,105$1,333,613$1,133,694$1,886,789
75$2,410,269$1,345,042$1,117,753$1,981,852
76$2,600,499$1,355,331$1,099,581$2,084,664
77$2,808,381$1,364,374$1,079,048$2,196,000
78$3,035,659$1,372,052$1,056,020$2,316,718
79$3,284,256$1,378,242$1,030,356$2,447,765
80$3,556,287$1,382,813$1,001,910$2,590,188
81$3,854,082$1,385,624$970,527$2,745,142
82$4,180,206$1,386,527$936,048$2,913,900
83$4,537,485$1,385,365$898,303$3,097,870
84$4,929,029$1,381,968$857,117$3,298,606
85$5,358,265$1,376,160$812,306$3,517,823
86$5,828,968$1,367,751$763,677$3,757,415
87$6,345,293$1,356,542$711,031$4,019,471
88$6,911,819$1,342,318$654,157$4,306,298
89$7,533,589$1,324,856$592,835$4,620,442
90$8,216,157$1,303,917$526,838$4,964,712
91$8,965,643$1,279,247$455,925$5,342,210
92$9,788,787$1,250,578$379,846$5,756,358
93$10,693,014$1,217,627$298,342$6,210,933
94$11,686,504$1,180,093$211,139$6,710,100
95$12,778,268$1,137,658$117,953$7,258,459
96$13,978,234$1,089,986$18,487$7,861,084
97$15,297,339$1,036,720$0$8,523,570
98$16,747,632$977,484$0$9,263,320
99$18,342,389$911,880$0$10,079,176
100$20,096,236$839,485$0$10,976,330