Can I retire at age 66 with 1,310,000?

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 $1,310,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$108,179$107,215$106,275$105,357$104,461$103,586
2 years$53,554$52,556$51,590$50,653$49,743$48,861
3 years$35,348$34,346$33,382$32,454$31,559$30,698
4 years$26,247$25,248$24,294$23,381$22,508$21,674
5 years$20,787$19,795$18,853$17,959$17,110$16,305
6 years$17,149$16,164$15,236$14,362$13,539$12,764
7 years$14,551$13,574$12,661$11,808$11,011$10,267
8 years$12,604$11,636$10,738$9,905$9,135$8,422
9 years$11,090$10,131$9,248$8,437$7,693$7,011
10 years$9,880$8,930$8,063$7,273$6,554$5,903
11 years$8,890$7,950$7,098$6,329$5,637$5,015
12 years$8,066$7,135$6,300$5,552$4,885$4,292
13 years$7,369$6,448$5,628$4,901$4,260$3,696
14 years$6,772$5,861$5,057$4,351$3,734$3,198
15 years$6,255$5,354$4,566$3,880$3,288$2,779
16 years$5,804$4,913$4,140$3,474$2,906$2,423
17 years$5,406$4,524$3,767$3,122$2,576$2,119
18 years$5,052$4,181$3,439$2,813$2,291$1,858
19 years$4,736$3,875$3,148$2,542$2,042$1,633
20 years$4,452$3,600$2,889$2,302$1,824$1,438
21 years$4,196$3,354$2,657$2,089$1,632$1,268
22 years$3,963$3,131$2,449$1,900$1,463$1,120
23 years$3,750$2,928$2,261$1,730$1,313$990
24 years$3,556$2,743$2,091$1,578$1,180$877
25 years$3,377$2,574$1,937$1,441$1,062$777
26 years$3,213$2,420$1,797$1,318$957$689
27 years$3,061$2,277$1,668$1,206$863$612
28 years$2,920$2,146$1,551$1,105$778$543
29 years$2,789$2,024$1,443$1,013$703$483
30 years$2,667$1,912$1,344$930$635$429
31 years$2,553$1,807$1,253$854$574$382
32 years$2,446$1,710$1,169$785$519$340
33 years$2,346$1,619$1,092$722$470$303
34 years$2,252$1,535$1,020$664$426$269
35 years$2,164$1,456$954$611$385$240
36 years$2,081$1,382$892$563$349$214
37 years$2,002$1,312$835$519$317$191
38 years$1,928$1,247$782$478$287$170
39 years$1,858$1,186$733$441$260$151
40 years$1,791$1,128$687$407$236$135
41 years$1,728$1,074$644$375$214$120
42 years$1,668$1,023$604$346$194$107
43 years$1,611$975$567$320$176$96
44 years$1,556$929$532$295$160$85
45 years$1,505$886$500$273$145$76
46 years$1,455$845$469$252$132$68
47 years$1,408$806$441$233$120$61
48 years$1,363$770$414$215$109$54
49 years$1,320$735$389$199$99$48
50 years$1,279$702$366$184$90$43

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $1,310,000, adding $2,027 every year, while hoping to spend $29,274 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: 56/34/10 Blend
65$1,310,000$1,310,000$1,310,000$1,310,000
66$1,445,711$1,376,281$1,355,976$1,523,020
67$1,562,026$1,412,571$1,370,254$1,611,783
68$1,689,224$1,449,659$1,384,029$1,705,007
69$1,828,385$1,487,552$1,397,253$1,805,845
70$1,980,695$1,526,257$1,409,877$1,915,029
71$2,147,465$1,565,783$1,421,846$2,033,363
72$2,330,135$1,606,134$1,433,106$2,161,733
73$2,530,291$1,647,317$1,443,598$2,301,115
74$2,749,681$1,689,336$1,453,259$2,452,581
75$2,990,230$1,732,195$1,462,024$2,617,314
76$3,254,057$1,775,896$1,469,826$2,796,618
77$3,543,498$1,820,442$1,476,592$2,991,924
78$3,861,124$1,865,833$1,482,247$3,204,814
79$4,209,768$1,912,068$1,486,712$3,437,027
80$4,592,550$1,959,145$1,489,902$3,690,480
81$5,012,907$2,007,060$1,491,731$3,967,282
82$5,474,626$2,055,809$1,492,107$4,269,761
83$5,981,878$2,105,384$1,490,933$4,600,477
84$6,539,258$2,155,776$1,488,108$4,962,252
85$7,151,829$2,206,976$1,483,526$5,358,198
86$7,825,168$2,258,969$1,477,075$5,791,738
87$8,565,418$2,311,742$1,468,641$6,266,648
88$9,379,349$2,365,276$1,458,099$6,787,086
89$10,274,420$2,419,551$1,445,322$7,357,634
90$11,258,846$2,474,545$1,430,176$7,983,342
91$12,341,682$2,530,231$1,412,520$8,669,772
92$13,532,902$2,586,581$1,392,208$9,423,055
93$14,843,495$2,643,561$1,369,085$10,249,946
94$16,285,572$2,701,136$1,342,989$11,157,888
95$17,872,474$2,759,265$1,313,753$12,155,082
96$19,618,902$2,817,904$1,281,199$13,250,568
97$21,541,053$2,877,005$1,245,143$14,454,304
98$23,656,776$2,936,514$1,205,391$15,777,268
99$25,985,737$2,996,373$1,161,741$17,231,552
100$28,549,605$3,056,518$1,113,982$18,830,486