Can I retire at age 66 with 1,270,000?

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 $1,270,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17%
1 years$104,875$103,941$103,030$102,140$101,272$98,385
2 years$51,919$50,952$50,014$49,106$48,225$45,339
3 years$34,269$33,297$32,363$31,463$30,596$27,801
4 years$25,445$24,477$23,552$22,667$21,821$19,139
5 years$20,153$19,190$18,277$17,410$16,588$14,026
6 years$16,625$15,670$14,771$13,923$13,126$10,686
7 years$14,107$13,160$12,274$11,447$10,675$8,358
8 years$12,219$11,281$10,410$9,603$8,856$6,660
9 years$10,751$9,822$8,966$8,179$7,458$5,381
10 years$9,578$8,657$7,817$7,051$6,354$4,394
11 years$8,618$7,707$6,882$6,136$5,465$3,617
12 years$7,819$6,918$6,107$5,382$4,736$2,997
13 years$7,144$6,251$5,456$4,752$4,130$2,497
14 years$6,565$5,682$4,903$4,218$3,620$2,089
15 years$6,064$5,191$4,426$3,762$3,187$1,753
16 years$5,627$4,763$4,013$3,368$2,817$1,476
17 years$5,241$4,386$3,652$3,026$2,498$1,246
18 years$4,898$4,053$3,334$2,727$2,221$1,053
19 years$4,592$3,756$3,052$2,464$1,980$892
20 years$4,316$3,491$2,801$2,232$1,768$757
21 years$4,068$3,251$2,576$2,026$1,582$642
22 years$3,842$3,035$2,374$1,842$1,418$546
23 years$3,636$2,839$2,192$1,677$1,273$465
24 years$3,447$2,660$2,028$1,530$1,144$395
25 years$3,274$2,496$1,878$1,397$1,030$337
26 years$3,115$2,346$1,742$1,277$928$287
27 years$2,967$2,208$1,617$1,169$836$245
28 years$2,831$2,080$1,503$1,071$755$209
29 years$2,704$1,962$1,399$982$681$178
30 years$2,585$1,853$1,303$902$616$152
31 years$2,475$1,752$1,215$828$557$130
32 years$2,371$1,658$1,134$761$503$111
33 years$2,274$1,570$1,058$700$456$95
34 years$2,183$1,488$989$644$413$81
35 years$2,098$1,411$925$593$374$69
36 years$2,017$1,339$865$546$339$59
37 years$1,941$1,272$810$503$307$50
38 years$1,869$1,209$758$464$278$43
39 years$1,801$1,150$710$427$252$37
40 years$1,736$1,094$666$394$229$31
41 years$1,675$1,041$624$364$208$27
42 years$1,617$992$586$336$188$23
43 years$1,562$945$549$310$171$20
44 years$1,509$901$516$286$155$17
45 years$1,459$859$484$264$141$14
46 years$1,411$819$455$244$128$12
47 years$1,365$782$427$226$116$10
48 years$1,322$746$402$208$105$9
49 years$1,280$713$377$193$96$8
50 years$1,240$681$355$178$87$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $1,270,000, adding $3,700 every year, while hoping to spend $23,071 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: 55/31/14 Blend
65$1,270,000$1,270,000$1,270,000$1,270,000
66$1,403,357$1,336,047$1,316,362$1,475,218
67$1,521,952$1,376,965$1,335,912$1,565,388
68$1,651,870$1,419,116$1,355,345$1,660,709
69$1,794,243$1,462,535$1,374,631$1,763,972
70$1,950,314$1,507,258$1,393,740$1,875,938
71$2,121,457$1,553,324$1,412,641$1,997,447
72$2,309,180$1,600,772$1,431,299$2,129,422
73$2,515,149$1,649,642$1,449,680$2,272,880
74$2,741,195$1,699,975$1,467,745$2,428,938
75$2,989,337$1,751,814$1,485,454$2,598,830
76$3,261,798$1,805,202$1,502,766$2,783,910
77$3,561,028$1,860,183$1,519,635$2,985,672
78$3,889,726$1,916,805$1,536,015$3,205,758
79$4,250,863$1,975,113$1,551,857$3,445,979
80$4,647,713$2,035,156$1,567,107$3,708,328
81$5,083,886$2,096,985$1,581,711$3,994,999
82$5,563,354$2,160,649$1,595,610$4,308,409
83$6,090,497$2,226,202$1,608,744$4,651,221
84$6,670,138$2,293,696$1,621,047$5,026,367
85$7,307,593$2,363,188$1,632,453$5,437,076
86$8,008,717$2,434,733$1,642,889$5,886,906
87$8,779,961$2,508,391$1,652,281$6,379,775
88$9,628,435$2,584,219$1,660,550$6,919,999
89$10,561,970$2,662,281$1,667,613$7,512,334
90$11,589,196$2,742,637$1,673,383$8,162,018
91$12,719,620$2,825,353$1,677,768$8,874,821
92$13,963,720$2,910,494$1,680,672$9,657,101
93$15,333,040$2,998,128$1,681,995$10,515,862
94$16,840,298$3,088,325$1,681,630$11,458,821
95$18,499,510$3,181,154$1,679,466$12,494,479
96$20,326,119$3,276,690$1,675,387$13,632,204
97$22,337,142$3,375,006$1,669,271$14,882,316
98$24,551,328$3,476,179$1,660,989$16,256,185
99$26,989,338$3,580,287$1,650,407$17,766,341
100$29,673,940$3,687,410$1,637,385$19,426,587