Can I retire at age 66 with 1,250,000?

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 $1,250,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$103,224$102,304$101,407$100,532$99,677$97,905
2 years$51,101$50,149$49,227$48,333$47,465$45,686
3 years$33,729$32,773$31,853$30,967$30,114$28,383
4 years$25,045$24,092$23,181$22,310$21,477$19,808
5 years$19,835$18,888$17,989$17,136$16,327$14,724
6 years$16,364$15,424$14,538$13,704$12,919$11,384
7 years$13,885$12,953$12,081$11,267$10,506$9,040
8 years$12,027$11,103$10,246$9,451$8,716$7,318
9 years$10,582$9,667$8,825$8,051$7,340$6,009
10 years$9,427$8,521$7,694$6,940$6,254$4,990
11 years$8,483$7,586$6,773$6,040$5,379$4,179
12 years$7,696$6,809$6,011$5,298$4,661$3,525
13 years$7,031$6,153$5,371$4,677$4,065$2,989
14 years$6,462$5,593$4,825$4,152$3,563$2,547
15 years$5,969$5,109$4,357$3,703$3,137$2,179
16 years$5,538$4,688$3,950$3,315$2,773$1,870
17 years$5,158$4,317$3,594$2,979$2,458$1,609
18 years$4,821$3,989$3,281$2,684$2,186$1,388
19 years$4,519$3,697$3,004$2,426$1,948$1,199
20 years$4,248$3,436$2,757$2,197$1,740$1,038
21 years$4,004$3,200$2,536$1,994$1,557$900
22 years$3,781$2,987$2,337$1,813$1,396$781
23 years$3,579$2,794$2,158$1,651$1,253$679
24 years$3,393$2,618$1,996$1,506$1,126$590
25 years$3,223$2,457$1,848$1,375$1,014$514
26 years$3,066$2,309$1,714$1,257$913$447
27 years$2,921$2,173$1,592$1,151$823$390
28 years$2,786$2,047$1,480$1,054$743$340
29 years$2,661$1,931$1,377$967$671$296
30 years$2,544$1,824$1,283$887$606$259
31 years$2,436$1,724$1,196$815$548$226
32 years$2,334$1,632$1,116$749$496$197
33 years$2,239$1,545$1,042$689$448$172
34 years$2,149$1,464$973$634$406$150
35 years$2,065$1,389$910$583$368$131
36 years$1,985$1,318$851$537$333$115
37 years$1,910$1,252$797$495$302$100
38 years$1,840$1,190$746$456$274$88
39 years$1,772$1,132$699$421$248$77
40 years$1,709$1,077$655$388$225$67
41 years$1,649$1,025$614$358$204$59
42 years$1,591$976$576$330$185$51
43 years$1,537$930$541$305$168$45
44 years$1,485$886$508$282$153$39
45 years$1,436$845$477$260$139$34
46 years$1,389$806$448$240$126$30
47 years$1,344$770$421$222$114$26
48 years$1,301$735$395$205$104$23
49 years$1,260$702$372$190$94$20
50 years$1,220$670$349$175$86$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $1,250,000, adding $3,621 every year, while hoping to spend $35,148 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: 79/11/10 Blend
65$1,250,000$1,250,000$1,250,000$1,250,000
66$1,381,235$1,314,985$1,295,610$1,487,779
67$1,484,724$1,342,022$1,301,616$1,585,289
68$1,597,590$1,369,206$1,306,645$1,687,310
69$1,720,754$1,396,507$1,310,627$1,798,205
70$1,855,228$1,423,892$1,313,489$1,918,842
71$2,002,124$1,451,326$1,315,155$2,050,181
72$2,162,671$1,478,771$1,315,542$2,193,275
73$2,338,217$1,506,185$1,314,567$2,349,288
74$2,530,251$1,533,523$1,312,140$2,519,499
75$2,740,408$1,560,737$1,308,168$2,705,318
76$2,970,491$1,587,775$1,302,554$2,908,298
77$3,222,486$1,614,581$1,295,194$3,130,151
78$3,498,578$1,641,093$1,285,981$3,372,762
79$3,801,174$1,667,248$1,274,803$3,638,207
80$4,132,926$1,692,975$1,261,541$3,928,774
81$4,496,753$1,718,200$1,246,071$4,246,984
82$4,895,873$1,742,843$1,228,265$4,595,616
83$5,333,826$1,766,817$1,207,987$4,977,727
84$5,814,516$1,790,031$1,185,095$5,396,692
85$6,342,241$1,812,386$1,159,439$5,856,225
86$6,921,735$1,833,778$1,130,866$6,360,420
87$7,558,214$1,854,095$1,099,212$6,913,789
88$8,257,423$1,873,217$1,064,306$7,521,301
89$9,025,692$1,891,017$1,025,973$8,188,434
90$9,869,994$1,907,358$984,024$8,921,225
91$10,798,010$1,922,096$938,266$9,726,324
92$11,818,205$1,935,076$888,495$10,611,060
93$12,939,901$1,946,134$834,499$11,583,510
94$14,173,372$1,955,096$776,056$12,652,575
95$15,529,936$1,961,775$712,933$13,828,062
96$17,022,061$1,965,974$644,889$15,120,780
97$18,663,488$1,967,483$571,669$16,542,639
98$20,469,353$1,966,079$493,010$18,106,764
99$22,456,336$1,961,526$408,634$19,827,621
100$24,642,812$1,953,571$318,254$21,721,149