Can I retire at age 66 with 1,290,000?

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 $1,290,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%20%
1 years$106,527$105,578$104,652$103,749$102,866$98,746
2 years$52,736$51,754$50,802$49,879$48,984$44,885
3 years$34,808$33,822$32,872$31,958$31,077$27,128
4 years$25,846$24,863$23,923$23,024$22,165$18,395
5 years$20,470$19,493$18,565$17,685$16,849$13,269
6 years$16,887$15,917$15,003$14,143$13,332$9,944
7 years$14,329$13,367$12,468$11,627$10,843$7,645
8 years$12,411$11,458$10,574$9,754$8,995$5,985
9 years$10,921$9,976$9,107$8,308$7,575$4,748
10 years$9,729$8,794$7,940$7,162$6,454$3,804
11 years$8,754$7,829$6,990$6,233$5,551$3,071
12 years$7,943$7,026$6,203$5,467$4,810$2,495
13 years$7,256$6,350$5,542$4,827$4,195$2,036
14 years$6,669$5,772$4,980$4,284$3,677$1,668
15 years$6,160$5,273$4,496$3,821$3,238$1,371
16 years$5,715$4,838$4,076$3,421$2,861$1,129
17 years$5,323$4,455$3,709$3,074$2,537$932
18 years$4,975$4,117$3,386$2,770$2,256$771
19 years$4,664$3,815$3,100$2,503$2,011$638
20 years$4,384$3,545$2,845$2,267$1,796$529
21 years$4,132$3,302$2,617$2,058$1,607$439
22 years$3,902$3,083$2,412$1,871$1,441$364
23 years$3,693$2,883$2,227$1,704$1,293$303
24 years$3,502$2,701$2,059$1,554$1,162$252
25 years$3,326$2,535$1,907$1,419$1,046$209
26 years$3,164$2,383$1,769$1,298$942$174
27 years$3,014$2,242$1,643$1,188$849$145
28 years$2,875$2,113$1,527$1,088$766$121
29 years$2,746$1,993$1,421$998$692$100
30 years$2,626$1,882$1,324$916$625$84
31 years$2,514$1,780$1,234$841$565$70
32 years$2,409$1,684$1,151$773$511$58
33 years$2,310$1,595$1,075$711$463$48
34 years$2,218$1,511$1,004$654$419$40
35 years$2,131$1,433$939$602$380$33
36 years$2,049$1,361$879$555$344$28
37 years$1,971$1,292$822$511$312$23
38 years$1,898$1,228$770$471$283$19
39 years$1,829$1,168$721$434$256$16
40 years$1,764$1,111$676$400$232$13
41 years$1,701$1,058$634$370$211$11
42 years$1,642$1,007$595$341$191$9
43 years$1,586$960$558$315$174$8
44 years$1,533$915$524$291$158$6
45 years$1,482$872$492$268$143$5
46 years$1,433$832$462$248$130$5
47 years$1,387$794$434$229$118$4
48 years$1,342$758$408$212$107$3
49 years$1,300$724$383$196$97$3
50 years$1,259$692$360$181$88$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $1,290,000, adding $5,033 every year, while hoping to spend $50,701 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: 35/48/17 Blend
65$1,290,000$1,290,000$1,290,000$1,290,000
66$1,426,772$1,358,402$1,338,407$1,469,102
67$1,518,357$1,371,018$1,329,298$1,513,018
68$1,617,584$1,382,553$1,318,184$1,555,256
69$1,725,180$1,392,900$1,304,946$1,599,754
70$1,841,943$1,401,947$1,289,456$1,646,740
71$1,968,751$1,409,572$1,271,582$1,696,470
72$2,106,569$1,415,646$1,251,186$1,749,226
73$2,256,461$1,420,035$1,228,122$1,805,326
74$2,419,594$1,422,591$1,202,239$1,865,119
75$2,597,256$1,423,161$1,173,377$1,928,996
76$2,790,862$1,421,581$1,141,371$1,997,393
77$3,001,969$1,417,678$1,106,046$2,070,790
78$3,232,291$1,411,266$1,067,220$2,149,726
79$3,483,717$1,402,150$1,024,704$2,234,796
80$3,758,322$1,390,121$978,298$2,326,662
81$4,058,394$1,374,961$927,794$2,426,057
82$4,386,450$1,356,434$872,975$2,533,799
83$4,745,262$1,334,293$813,613$2,650,790
84$5,137,882$1,308,276$749,472$2,778,036
85$5,567,670$1,278,106$680,304$2,916,648
86$6,038,327$1,243,487$605,848$3,067,861
87$6,553,927$1,204,109$525,835$3,233,041
88$7,118,959$1,159,642$439,982$3,413,705
89$7,738,365$1,109,736$347,994$3,611,531
90$8,417,588$1,054,024$249,561$3,828,379
91$9,162,625$992,113$144,364$4,066,309
92$9,980,077$923,592$32,066$4,327,600
93$10,877,221$848,023$0$4,614,778
94$11,862,067$764,946$0$4,946,558
95$12,943,441$673,872$0$5,317,352
96$14,131,067$574,286$0$5,724,827
97$15,435,652$465,643$0$6,172,839
98$16,868,997$347,368$0$6,665,649
99$18,444,099$218,853$0$7,207,963
100$20,175,277$79,456$0$7,804,982