Can I retire at age 66 with 1,330,000?

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 $1,330,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.3%
1 years$109,830$108,852$107,897$106,966$106,056$102,909
2 years$54,371$53,359$52,377$51,426$50,503$47,358
3 years$35,888$34,871$33,892$32,949$32,041$28,997
4 years$26,647$25,634$24,664$23,738$22,852$19,932
5 years$21,105$20,097$19,141$18,233$17,372$14,584
6 years$17,411$16,411$15,468$14,581$13,746$11,093
7 years$14,773$13,782$12,854$11,988$11,179$8,661
8 years$12,796$11,813$10,902$10,056$9,274$6,889
9 years$11,259$10,286$9,389$8,566$7,810$5,556
10 years$10,030$9,066$8,186$7,384$6,655$4,528
11 years$9,026$8,071$7,207$6,426$5,723$3,721
12 years$8,189$7,244$6,396$5,637$4,960$3,077
13 years$7,481$6,547$5,714$4,976$4,325$2,558
14 years$6,876$5,951$5,134$4,417$3,791$2,136
15 years$6,351$5,436$4,636$3,939$3,338$1,789
16 years$5,892$4,988$4,203$3,527$2,950$1,503
17 years$5,488$4,593$3,824$3,169$2,616$1,265
18 years$5,129$4,244$3,491$2,856$2,326$1,068
19 years$4,809$3,934$3,196$2,581$2,073$902
20 years$4,520$3,655$2,933$2,337$1,852$763
21 years$4,260$3,405$2,698$2,121$1,657$647
22 years$4,023$3,178$2,487$1,929$1,485$548
23 years$3,808$2,973$2,296$1,757$1,333$465
24 years$3,610$2,785$2,123$1,602$1,198$395
25 years$3,429$2,614$1,967$1,463$1,078$336
26 years$3,262$2,457$1,824$1,338$971$286
27 years$3,107$2,312$1,694$1,225$876$243
28 years$2,964$2,178$1,574$1,122$790$207
29 years$2,831$2,055$1,465$1,029$714$176
30 years$2,707$1,941$1,365$944$645$150
31 years$2,592$1,835$1,272$867$583$127
32 years$2,483$1,736$1,187$797$527$109
33 years$2,382$1,644$1,108$733$477$92
34 years$2,287$1,558$1,036$674$432$79
35 years$2,197$1,478$968$621$391$67
36 years$2,112$1,403$906$572$355$57
37 years$2,033$1,332$848$527$321$49
38 years$1,957$1,266$794$486$291$42
39 years$1,886$1,204$744$448$264$35
40 years$1,818$1,146$697$413$240$30
41 years$1,754$1,090$654$381$217$26
42 years$1,693$1,038$613$352$197$22
43 years$1,635$989$575$325$179$19
44 years$1,580$943$540$300$163$16
45 years$1,528$899$507$277$148$14
46 years$1,478$858$476$256$134$12
47 years$1,430$819$448$236$122$10
48 years$1,384$782$421$218$110$8
49 years$1,340$746$395$202$100$7
50 years$1,299$713$372$186$91$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $1,330,000, adding $4,238 every year, while hoping to spend $40,445 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: 64/10/26 Blend
65$1,330,000$1,330,000$1,330,000$1,330,000
66$1,470,031$1,399,541$1,378,926$1,553,782
67$1,576,942$1,425,086$1,382,087$1,636,452
68$1,693,401$1,450,526$1,383,999$1,721,878
69$1,820,341$1,475,815$1,384,576$1,814,324
70$1,958,786$1,500,901$1,383,730$1,914,485
71$2,109,866$1,525,728$1,381,368$2,023,125
72$2,274,820$1,550,237$1,377,392$2,141,088
73$2,455,017$1,574,364$1,371,700$2,269,304
74$2,651,962$1,598,041$1,364,185$2,408,798
75$2,867,311$1,621,193$1,354,733$2,560,701
76$3,102,888$1,643,743$1,343,228$2,726,260
77$3,360,701$1,665,606$1,329,546$2,906,849
78$3,642,964$1,686,691$1,313,556$3,103,984
79$3,952,110$1,706,903$1,295,124$3,319,337
80$4,290,823$1,726,139$1,274,109$3,554,750
81$4,662,055$1,744,289$1,250,360$3,812,255
82$5,069,061$1,761,235$1,223,723$4,094,094
83$5,515,423$1,776,853$1,194,036$4,402,735
84$6,005,088$1,791,010$1,161,127$4,740,903
85$6,542,401$1,803,564$1,124,819$5,111,602
86$7,132,151$1,814,364$1,084,926$5,518,141
87$7,779,613$1,823,250$1,041,253$5,964,172
88$8,490,595$1,830,051$993,596$6,453,720
89$9,271,497$1,834,585$941,743$6,991,222
90$10,129,369$1,836,659$885,471$7,581,570
91$11,071,978$1,836,068$824,548$8,230,159
92$12,107,879$1,832,595$758,730$8,942,934
93$13,246,499$1,826,009$687,764$9,726,452
94$14,498,223$1,816,063$611,384$10,587,940
95$15,874,490$1,802,499$529,314$11,535,365
96$17,387,906$1,785,040$441,264$12,577,510
97$19,052,358$1,763,393$346,933$13,724,059
98$20,883,148$1,737,248$246,004$14,985,687
99$22,897,133$1,706,277$138,148$16,374,159
100$25,112,887$1,670,131$23,023$17,902,447