Can I retire at age 66 with 1,260,000?

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 $1,260,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$104,050$103,123$102,219$101,336$100,474$99,925
2 years$51,510$50,550$49,621$48,719$47,845$47,290
3 years$33,999$33,035$32,108$31,215$30,355$29,813
4 years$25,245$24,284$23,366$22,489$21,649$21,123
5 years$19,994$19,039$18,133$17,273$16,457$15,950
6 years$16,495$15,547$14,654$13,814$13,022$12,533
7 years$13,996$13,056$12,178$11,357$10,591$10,120
8 years$12,123$11,192$10,328$9,527$8,786$8,334
9 years$10,667$9,744$8,895$8,115$7,399$6,966
10 years$9,502$8,589$7,755$6,995$6,304$5,890
11 years$8,551$7,646$6,827$6,088$5,422$5,026
12 years$7,758$6,863$6,059$5,340$4,699$4,320
13 years$7,088$6,202$5,414$4,714$4,097$3,736
14 years$6,514$5,638$4,864$4,185$3,592$3,248
15 years$6,017$5,150$4,392$3,732$3,162$2,835
16 years$5,582$4,725$3,982$3,342$2,795$2,484
17 years$5,199$4,352$3,623$3,003$2,478$2,183
18 years$4,859$4,021$3,307$2,706$2,203$1,924
19 years$4,555$3,727$3,028$2,445$1,964$1,699
20 years$4,282$3,463$2,779$2,214$1,754$1,504
21 years$4,036$3,226$2,556$2,010$1,570$1,333
22 years$3,811$3,011$2,356$1,827$1,407$1,183
23 years$3,607$2,816$2,175$1,664$1,263$1,052
24 years$3,420$2,639$2,012$1,518$1,135$936
25 years$3,248$2,476$1,863$1,386$1,022$834
26 years$3,090$2,327$1,728$1,267$920$744
27 years$2,944$2,190$1,605$1,160$830$664
28 years$2,808$2,064$1,492$1,063$749$593
29 years$2,682$1,947$1,388$975$676$530
30 years$2,565$1,839$1,293$895$611$474
31 years$2,455$1,738$1,205$822$552$424
32 years$2,353$1,645$1,125$755$500$380
33 years$2,256$1,558$1,050$694$452$340
34 years$2,166$1,476$981$639$409$304
35 years$2,081$1,400$917$588$371$273
36 years$2,001$1,329$858$542$336$244
37 years$1,926$1,262$803$499$304$219
38 years$1,854$1,200$752$460$276$197
39 years$1,787$1,141$705$424$250$176
40 years$1,723$1,085$660$391$227$158
41 years$1,662$1,033$619$361$206$142
42 years$1,604$984$581$333$187$127
43 years$1,549$937$545$307$170$114
44 years$1,497$894$512$284$154$103
45 years$1,447$852$480$262$140$92
46 years$1,400$813$451$242$127$83
47 years$1,355$776$424$224$115$74
48 years$1,311$740$398$207$105$67
49 years$1,270$707$374$191$95$60
50 years$1,230$675$352$177$86$54

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $1,260,000, adding $2,284 every year, while hoping to spend $31,817 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: 74/14/12 Blend
65$1,260,000$1,260,000$1,260,000$1,260,000
66$1,390,876$1,324,096$1,304,566$1,490,277
67$1,498,892$1,355,124$1,314,416$1,587,268
68$1,616,860$1,386,605$1,323,529$1,689,313
69$1,745,760$1,418,530$1,331,848$1,800,244
70$1,886,674$1,450,883$1,339,311$1,920,931
71$2,040,790$1,483,652$1,345,854$2,052,335
72$2,209,419$1,516,820$1,351,408$2,195,513
73$2,394,003$1,550,367$1,355,904$2,351,629
74$2,596,130$1,584,274$1,359,265$2,521,967
75$2,817,549$1,618,517$1,361,414$2,707,940
76$3,060,186$1,653,072$1,362,269$2,911,104
77$3,326,163$1,687,910$1,361,742$3,133,176
78$3,617,815$1,723,001$1,359,744$3,376,043
79$3,937,715$1,758,311$1,356,179$3,641,789
80$4,288,698$1,793,804$1,350,947$3,932,706
81$4,673,886$1,829,441$1,343,944$4,251,321
82$5,096,716$1,865,178$1,335,060$4,600,420
83$5,560,978$1,900,968$1,324,181$4,983,069
84$6,070,842$1,936,760$1,311,186$5,402,649
85$6,630,906$1,972,499$1,295,948$5,862,885
86$7,246,232$2,008,125$1,278,337$6,367,880
87$7,922,400$2,043,575$1,258,213$6,922,158
88$8,665,554$2,078,780$1,235,432$7,530,701
89$9,482,464$2,113,664$1,209,843$8,199,001
90$10,380,589$2,148,147$1,181,286$8,933,109
91$11,368,147$2,182,144$1,149,597$9,739,694
92$12,454,191$2,215,562$1,114,602$10,626,102
93$13,648,696$2,248,302$1,076,119$11,600,433
94$14,962,653$2,280,258$1,033,958$12,671,608
95$16,408,169$2,311,317$987,921$13,849,462
96$17,998,586$2,341,355$937,801$15,144,831
97$19,748,605$2,370,245$883,380$16,569,656
98$21,674,422$2,397,846$824,432$18,137,097
99$23,793,883$2,424,010$760,721$19,861,657
100$26,126,652$2,448,580$691,998$21,759,318