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%19.1%
1 years$94,966$94,120$93,295$92,489$91,703$88,344
2 years$47,013$46,137$45,289$44,466$43,668$40,321
3 years$31,031$30,151$29,305$28,490$27,705$24,475
4 years$23,041$22,164$21,326$20,525$19,759$16,672
5 years$18,248$17,377$16,550$15,765$15,021$12,084
6 years$15,055$14,190$13,375$12,608$11,885$9,101
7 years$12,774$11,916$11,115$10,365$9,666$7,033
8 years$11,064$10,215$9,426$8,695$8,019$5,535
9 years$9,735$8,894$8,119$7,407$6,753$4,415
10 years$8,673$7,839$7,078$6,384$5,754$3,558
11 years$7,804$6,979$6,231$5,556$4,949$2,890
12 years$7,081$6,264$5,530$4,874$4,288$2,361
13 years$6,469$5,661$4,941$4,303$3,739$1,939
14 years$5,945$5,145$4,439$3,820$3,278$1,599
15 years$5,491$4,700$4,008$3,406$2,886$1,322
16 years$5,095$4,313$3,634$3,050$2,551$1,096
17 years$4,745$3,972$3,307$2,740$2,262$911
18 years$4,435$3,670$3,019$2,470$2,011$758
19 years$4,158$3,401$2,763$2,232$1,792$632
20 years$3,908$3,161$2,536$2,021$1,601$528
21 years$3,683$2,944$2,333$1,834$1,433$441
22 years$3,479$2,748$2,150$1,668$1,284$369
23 years$3,292$2,570$1,985$1,519$1,153$308
24 years$3,122$2,408$1,836$1,385$1,036$258
25 years$2,965$2,260$1,700$1,265$932$216
26 years$2,820$2,124$1,577$1,157$840$181
27 years$2,687$1,999$1,464$1,059$757$152
28 years$2,563$1,884$1,361$970$683$127
29 years$2,448$1,777$1,267$890$617$107
30 years$2,341$1,678$1,180$816$557$90
31 years$2,241$1,586$1,100$750$504$75
32 years$2,147$1,501$1,026$689$456$63
33 years$2,059$1,422$958$634$413$53
34 years$1,977$1,347$895$583$374$44
35 years$1,900$1,278$837$537$338$37
36 years$1,826$1,213$783$494$307$31
37 years$1,758$1,152$733$455$278$26
38 years$1,692$1,095$686$420$252$22
39 years$1,631$1,041$643$387$228$18
40 years$1,572$990$603$357$207$16
41 years$1,517$943$565$329$188$13
42 years$1,464$898$530$304$171$11
43 years$1,414$856$498$281$155$9
44 years$1,366$816$467$259$141$8
45 years$1,321$778$439$239$128$6
46 years$1,278$742$412$221$116$5
47 years$1,236$708$387$204$105$5
48 years$1,197$676$364$189$96$4
49 years$1,159$645$342$174$87$3
50 years$1,123$617$321$161$79$3

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 $5,877 every year, while hoping to spend $29,117 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: 66/24/10 Blend
65$1,150,000$1,150,000$1,150,000$1,150,000
66$1,273,362$1,212,412$1,194,587$1,354,339
67$1,372,265$1,240,840$1,203,626$1,437,418
68$1,480,280$1,269,685$1,211,991$1,524,186
69$1,598,305$1,298,937$1,219,630$1,618,266
70$1,727,332$1,328,584$1,226,486$1,720,367
71$1,868,447$1,358,612$1,232,501$1,831,273
72$2,022,852$1,389,007$1,237,613$1,951,847
73$2,191,866$1,419,752$1,241,757$2,083,037
74$2,376,945$1,450,828$1,244,864$2,225,890
75$2,579,689$1,482,214$1,246,862$2,381,558
76$2,801,862$1,513,888$1,247,677$2,551,310
77$3,045,407$1,545,823$1,247,229$2,736,545
78$3,312,462$1,577,992$1,245,435$2,938,803
79$3,605,385$1,610,365$1,242,209$3,159,781
80$3,926,769$1,642,909$1,237,458$3,401,350
81$4,279,475$1,675,586$1,231,088$3,665,569
82$4,666,650$1,708,359$1,222,998$3,954,708
83$5,091,763$1,741,183$1,213,084$4,271,268
84$5,558,635$1,774,013$1,201,234$4,618,006
85$6,071,474$1,806,798$1,187,333$4,997,957
86$6,634,917$1,839,484$1,171,262$5,414,470
87$7,254,072$1,872,012$1,152,893$5,871,230
88$7,934,567$1,904,320$1,132,094$6,372,301
89$8,682,600$1,936,339$1,108,726$6,922,160
90$9,505,002$1,967,996$1,082,645$7,525,743
91$10,409,297$1,999,213$1,053,699$8,188,487
92$11,403,776$2,029,905$1,021,729$8,916,384
93$12,497,573$2,059,983$986,569$9,716,038
94$13,700,752$2,089,348$948,045$10,594,725
95$15,024,400$2,117,898$905,976$11,560,467
96$16,480,735$2,145,521$860,172$12,622,101
97$18,083,217$2,172,098$810,435$13,789,366
98$19,846,678$2,197,504$756,557$15,072,999
99$21,787,459$2,221,602$698,322$16,484,826
100$23,923,568$2,244,248$635,504$18,037,887