Can I retire at age 66 with 1,160,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $1,160,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$95,792$94,938$94,106$93,293$92,500$91,534
2 years$47,422$46,538$45,683$44,853$44,048$43,075
3 years$31,300$30,413$29,560$28,738$27,946$26,996
4 years$23,241$22,357$21,512$20,704$19,931$19,012
5 years$18,407$17,528$16,694$15,902$15,151$14,266
6 years$15,185$14,313$13,491$12,717$11,989$11,138
7 years$12,885$12,020$11,211$10,456$9,750$8,934
8 years$11,161$10,303$9,508$8,771$8,089$7,307
9 years$9,820$8,971$8,189$7,471$6,812$6,065
10 years$8,748$7,908$7,140$6,440$5,804$5,091
11 years$7,872$7,040$6,286$5,605$4,992$4,312
12 years$7,142$6,318$5,578$4,916$4,326$3,679
13 years$6,525$5,710$4,984$4,340$3,772$3,158
14 years$5,997$5,190$4,478$3,853$3,307$2,723
15 years$5,539$4,741$4,043$3,436$2,911$2,358
16 years$5,139$4,350$3,666$3,077$2,573$2,049
17 years$4,787$4,006$3,336$2,764$2,281$1,786
18 years$4,474$3,702$3,045$2,491$2,029$1,561
19 years$4,194$3,431$2,788$2,251$1,808$1,366
20 years$3,942$3,188$2,558$2,039$1,615$1,199
21 years$3,715$2,970$2,353$1,850$1,445$1,053
22 years$3,509$2,772$2,169$1,682$1,295$927
23 years$3,321$2,593$2,002$1,532$1,163$816
24 years$3,149$2,429$1,852$1,397$1,045$720
25 years$2,991$2,280$1,715$1,276$941$636
26 years$2,845$2,143$1,591$1,167$847$561
27 years$2,710$2,016$1,477$1,068$764$496
28 years$2,585$1,900$1,373$979$689$439
29 years$2,469$1,792$1,278$897$622$389
30 years$2,361$1,693$1,190$824$562$344
31 years$2,260$1,600$1,110$756$508$305
32 years$2,166$1,514$1,035$695$460$270
33 years$2,077$1,434$967$639$416$240
34 years$1,994$1,359$903$588$377$212
35 years$1,916$1,289$844$541$341$188
36 years$1,842$1,223$790$499$309$167
37 years$1,773$1,162$739$459$280$148
38 years$1,707$1,104$692$423$254$132
39 years$1,645$1,050$649$390$230$117
40 years$1,586$999$608$360$209$104
41 years$1,530$951$570$332$190$92
42 years$1,477$906$535$307$172$82
43 years$1,426$863$502$283$156$73
44 years$1,378$823$471$261$142$65
45 years$1,332$784$442$241$129$57
46 years$1,289$748$415$223$117$51
47 years$1,247$714$390$206$106$45
48 years$1,207$682$367$190$96$40
49 years$1,169$651$345$176$87$36
50 years$1,133$622$324$163$79$32

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $1,160,000, adding $5,478 every year, while hoping to spend $51,687 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: 60/20/20 Blend
65$1,160,000$1,160,000$1,160,000$1,160,000
66$1,283,971$1,222,491$1,204,511$1,353,973
67$1,359,941$1,227,398$1,189,867$1,406,920
68$1,441,928$1,230,814$1,173,001$1,458,494
69$1,530,491$1,232,610$1,153,782$1,513,595
70$1,626,244$1,232,651$1,132,077$1,572,573
71$1,729,863$1,230,792$1,107,744$1,635,813
72$1,842,089$1,226,882$1,080,634$1,703,746
73$1,963,740$1,220,757$1,050,593$1,776,844
74$2,095,713$1,212,245$1,017,459$1,855,632
75$2,238,994$1,201,164$981,062$1,940,689
76$2,394,670$1,187,319$941,226$2,032,656
77$2,563,935$1,170,506$897,766$2,132,241
78$2,748,103$1,150,507$850,487$2,240,228
79$2,948,619$1,127,092$799,188$2,357,483
80$3,167,074$1,100,016$743,657$2,484,962
81$3,405,219$1,069,020$683,673$2,623,723
82$3,664,981$1,033,831$619,006$2,774,936
83$3,948,480$994,160$549,414$2,939,892
84$4,258,051$949,699$474,644$3,120,019
85$4,596,262$900,125$394,436$3,316,893
86$4,965,944$845,095$308,512$3,532,256
87$5,370,211$784,245$216,588$3,768,032
88$5,812,492$717,192$118,363$4,026,348
89$6,296,562$643,531$13,524$4,309,549
90$6,826,581$562,833$0$4,620,229
91$7,407,126$474,645$0$4,982,238
92$8,043,240$378,490$0$5,382,193
93$8,740,476$273,862$0$5,820,770
94$9,504,951$160,227$0$6,301,899
95$10,343,399$37,022$0$6,829,917
96$11,263,241$0$0$7,409,602
97$12,272,649$0$0$8,067,432
98$13,380,624$0$0$8,798,537
99$14,597,081$0$0$9,601,323
100$15,932,943$0$0$10,483,012