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

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 $1,290,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$106,527$105,578$104,652$103,749$102,866$101,919
2 years$52,736$51,754$50,802$49,879$48,984$48,030
3 years$34,808$33,822$32,872$31,958$31,077$30,146
4 years$25,846$24,863$23,923$23,024$22,165$21,263
5 years$20,470$19,493$18,565$17,685$16,849$15,979
6 years$16,887$15,917$15,003$14,143$13,332$12,496
7 years$14,329$13,367$12,468$11,627$10,843$10,040
8 years$12,411$11,458$10,574$9,754$8,995$8,226
9 years$10,921$9,976$9,107$8,308$7,575$6,840
10 years$9,729$8,794$7,940$7,162$6,454$5,752
11 years$8,754$7,829$6,990$6,233$5,551$4,881
12 years$7,943$7,026$6,203$5,467$4,810$4,172
13 years$7,256$6,350$5,542$4,827$4,195$3,588
14 years$6,669$5,772$4,980$4,284$3,677$3,100
15 years$6,160$5,273$4,496$3,821$3,238$2,690
16 years$5,715$4,838$4,076$3,421$2,861$2,343
17 years$5,323$4,455$3,709$3,074$2,537$2,046
18 years$4,975$4,117$3,386$2,770$2,256$1,791
19 years$4,664$3,815$3,100$2,503$2,011$1,572
20 years$4,384$3,545$2,845$2,267$1,796$1,382
21 years$4,132$3,302$2,617$2,058$1,607$1,217
22 years$3,902$3,083$2,412$1,871$1,441$1,073
23 years$3,693$2,883$2,227$1,704$1,293$948
24 years$3,502$2,701$2,059$1,554$1,162$838
25 years$3,326$2,535$1,907$1,419$1,046$741
26 years$3,164$2,383$1,769$1,298$942$656
27 years$3,014$2,242$1,643$1,188$849$582
28 years$2,875$2,113$1,527$1,088$766$516
29 years$2,746$1,993$1,421$998$692$458
30 years$2,626$1,882$1,324$916$625$406
31 years$2,514$1,780$1,234$841$565$361
32 years$2,409$1,684$1,151$773$511$321
33 years$2,310$1,595$1,075$711$463$285
34 years$2,218$1,511$1,004$654$419$253
35 years$2,131$1,433$939$602$380$225
36 years$2,049$1,361$879$555$344$200
37 years$1,971$1,292$822$511$312$178
38 years$1,898$1,228$770$471$283$159
39 years$1,829$1,168$721$434$256$141
40 years$1,764$1,111$676$400$232$126
41 years$1,701$1,058$634$370$211$112
42 years$1,642$1,007$595$341$191$100
43 years$1,586$960$558$315$174$89
44 years$1,533$915$524$291$158$79
45 years$1,482$872$492$268$143$70
46 years$1,433$832$462$248$130$63
47 years$1,387$794$434$229$118$56
48 years$1,342$758$408$212$107$50
49 years$1,300$724$383$196$97$44
50 years$1,259$692$360$181$88$39

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 $6,781 every year, while hoping to spend $58,400 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: 30/40/30 Blend
65$1,290,000$1,290,000$1,290,000$1,290,000
66$1,428,575$1,360,205$1,340,210$1,458,139
67$1,512,152$1,364,717$1,322,969$1,486,483
68$1,602,297$1,367,494$1,303,194$1,511,437
69$1,699,618$1,368,388$1,280,738$1,537,145
70$1,804,783$1,367,243$1,255,447$1,563,716
71$1,918,527$1,363,894$1,227,160$1,591,274
72$2,041,656$1,358,164$1,195,710$1,619,959
73$2,175,060$1,349,869$1,160,920$1,649,932
74$2,319,712$1,338,809$1,122,608$1,681,377
75$2,476,688$1,324,775$1,080,580$1,714,501
76$2,647,166$1,307,546$1,034,636$1,749,537
77$2,832,446$1,286,884$984,565$1,786,753
78$3,033,955$1,262,541$930,148$1,826,446
79$3,253,265$1,234,252$871,154$1,868,955
80$3,492,105$1,201,738$807,345$1,914,659
81$3,752,377$1,164,700$738,468$1,963,985
82$4,036,176$1,122,826$664,263$2,017,414
83$4,345,805$1,075,784$584,455$2,075,481
84$4,683,801$1,023,222$498,758$2,138,791
85$5,052,957$964,768$406,875$2,208,018
86$5,456,346$900,029$308,492$2,283,917
87$5,897,352$828,589$203,286$2,367,331
88$6,379,702$750,010$90,915$2,459,202
89$6,907,497$663,825$0$2,560,583
90$7,485,254$569,546$0$2,681,930
91$8,117,948$466,652$0$2,846,927
92$8,811,057$354,596$0$3,028,021
93$9,570,613$232,799$0$3,226,962
94$10,403,260$100,651$0$3,445,691
95$11,316,315$0$0$3,686,353
96$12,317,837$0$0$3,970,031
97$13,416,703$0$0$4,330,096
98$14,622,690$0$0$4,725,473
99$15,946,568$0$0$5,159,720
100$17,400,202$0$0$5,636,757