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%11.2%
1 years$104,875$103,941$103,030$102,140$101,272$100,760
2 years$51,919$50,952$50,014$49,106$48,225$47,708
3 years$34,269$33,297$32,363$31,463$30,596$30,091
4 years$25,445$24,477$23,552$22,667$21,821$21,331
5 years$20,153$19,190$18,277$17,410$16,588$16,115
6 years$16,625$15,670$14,771$13,923$13,126$12,670
7 years$14,107$13,160$12,274$11,447$10,675$10,236
8 years$12,219$11,281$10,410$9,603$8,856$8,435
9 years$10,751$9,822$8,966$8,179$7,458$7,054
10 years$9,578$8,657$7,817$7,051$6,354$5,968
11 years$8,618$7,707$6,882$6,136$5,465$5,095
12 years$7,819$6,918$6,107$5,382$4,736$4,383
13 years$7,144$6,251$5,456$4,752$4,130$3,793
14 years$6,565$5,682$4,903$4,218$3,620$3,299
15 years$6,064$5,191$4,426$3,762$3,187$2,882
16 years$5,627$4,763$4,013$3,368$2,817$2,527
17 years$5,241$4,386$3,652$3,026$2,498$2,222
18 years$4,898$4,053$3,334$2,727$2,221$1,960
19 years$4,592$3,756$3,052$2,464$1,980$1,732
20 years$4,316$3,491$2,801$2,232$1,768$1,534
21 years$4,068$3,251$2,576$2,026$1,582$1,361
22 years$3,842$3,035$2,374$1,842$1,418$1,209
23 years$3,636$2,839$2,192$1,677$1,273$1,076
24 years$3,447$2,660$2,028$1,530$1,144$958
25 years$3,274$2,496$1,878$1,397$1,030$854
26 years$3,115$2,346$1,742$1,277$928$762
27 years$2,967$2,208$1,617$1,169$836$681
28 years$2,831$2,080$1,503$1,071$755$609
29 years$2,704$1,962$1,399$982$681$544
30 years$2,585$1,853$1,303$902$616$487
31 years$2,475$1,752$1,215$828$557$436
32 years$2,371$1,658$1,134$761$503$391
33 years$2,274$1,570$1,058$700$456$350
34 years$2,183$1,488$989$644$413$314
35 years$2,098$1,411$925$593$374$282
36 years$2,017$1,339$865$546$339$253
37 years$1,941$1,272$810$503$307$227
38 years$1,869$1,209$758$464$278$203
39 years$1,801$1,150$710$427$252$183
40 years$1,736$1,094$666$394$229$164
41 years$1,675$1,041$624$364$208$147
42 years$1,617$992$586$336$188$132
43 years$1,562$945$549$310$171$119
44 years$1,509$901$516$286$155$107
45 years$1,459$859$484$264$141$96
46 years$1,411$819$455$244$128$86
47 years$1,365$782$427$226$116$77
48 years$1,322$746$402$208$105$70
49 years$1,280$713$377$193$96$62
50 years$1,240$681$355$178$87$56

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 $2,870 every year, while hoping to spend $58,114 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: 37/48/15 Blend
65$1,270,000$1,270,000$1,270,000$1,270,000
66$1,402,500$1,335,190$1,315,505$1,447,891
67$1,483,723$1,338,782$1,297,742$1,484,358
68$1,571,282$1,340,602$1,277,436$1,517,956
69$1,665,763$1,340,501$1,254,440$1,552,998
70$1,767,809$1,338,324$1,228,602$1,589,641
71$1,878,125$1,333,902$1,199,760$1,628,066
72$1,997,489$1,327,059$1,167,748$1,668,473
73$2,126,754$1,317,605$1,132,388$1,711,089
74$2,266,858$1,305,343$1,093,498$1,756,167
75$2,418,832$1,290,059$1,050,885$1,803,992
76$2,583,812$1,271,531$1,004,348$1,854,882
77$2,763,044$1,249,520$953,677$1,909,194
78$2,957,902$1,223,774$898,653$1,967,328
79$3,169,896$1,194,027$839,046$2,029,730
80$3,400,688$1,159,996$774,616$2,096,897
81$3,652,106$1,121,383$705,113$2,169,386
82$3,926,161$1,077,872$630,275$2,247,818
83$4,225,068$1,029,126$549,828$2,332,884
84$4,551,265$974,793$463,487$2,425,357
85$4,907,434$914,498$370,954$2,526,095
86$5,296,528$847,845$271,917$2,636,055
87$5,721,799$774,414$166,051$2,756,302
88$6,186,826$693,763$53,017$2,888,020
89$6,695,549$605,425$0$3,032,525
90$7,252,309$508,905$0$3,202,102
91$7,861,884$403,680$0$3,397,315
92$8,529,535$289,199$0$3,611,536
93$9,261,057$164,880$0$3,846,834
94$10,062,832$30,106$0$4,105,501
95$10,941,888$0$0$4,390,076
96$11,905,967$0$0$4,764,519
97$12,963,593$0$0$5,192,920
98$14,124,159$0$0$5,663,204
99$15,398,009$0$0$6,179,586
100$16,796,536$0$0$6,746,710