Can I retire at age 66 with 1,360,000?

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 $1,360,000?

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$112,308$111,307$110,331$109,379$108,448$107,901
2 years$55,598$54,562$53,559$52,586$51,642$51,089
3 years$36,697$35,657$34,656$33,692$32,764$32,223
4 years$27,248$26,212$25,221$24,273$23,367$22,843
5 years$21,581$20,550$19,572$18,644$17,764$17,257
6 years$17,804$16,781$15,817$14,910$14,056$13,567
7 years$15,107$14,093$13,144$12,258$11,431$10,961
8 years$13,085$12,080$11,147$10,283$9,483$9,032
9 years$11,513$10,518$9,601$8,759$7,986$7,554
10 years$10,257$9,271$8,371$7,550$6,805$6,391
11 years$9,229$8,253$7,369$6,571$5,852$5,456
12 years$8,374$7,408$6,540$5,764$5,071$4,693
13 years$7,650$6,694$5,843$5,088$4,422$4,062
14 years$7,031$6,085$5,250$4,517$3,877$3,533
15 years$6,494$5,559$4,740$4,028$3,413$3,086
16 years$6,025$5,100$4,298$3,607$3,017$2,706
17 years$5,612$4,697$3,911$3,241$2,675$2,380
18 years$5,245$4,340$3,570$2,921$2,378$2,098
19 years$4,917$4,022$3,268$2,639$2,120$1,855
20 years$4,622$3,738$2,999$2,390$1,893$1,642
21 years$4,356$3,482$2,759$2,169$1,694$1,457
22 years$4,114$3,250$2,543$1,972$1,519$1,295
23 years$3,893$3,040$2,348$1,796$1,363$1,152
24 years$3,692$2,848$2,171$1,638$1,225$1,026
25 years$3,506$2,673$2,011$1,496$1,103$915
26 years$3,335$2,512$1,865$1,368$993$816
27 years$3,178$2,364$1,732$1,252$896$729
28 years$3,031$2,228$1,610$1,147$808$652
29 years$2,895$2,101$1,498$1,052$730$583
30 years$2,768$1,985$1,396$966$659$522
31 years$2,650$1,876$1,301$887$596$467
32 years$2,539$1,775$1,214$815$539$418
33 years$2,436$1,681$1,133$749$488$375
34 years$2,338$1,593$1,059$690$442$336
35 years$2,246$1,511$990$635$400$301
36 years$2,160$1,434$926$585$363$270
37 years$2,078$1,362$867$539$329$243
38 years$2,001$1,295$812$496$298$218
39 years$1,928$1,231$761$458$270$195
40 years$1,859$1,171$713$422$245$176
41 years$1,794$1,115$668$390$222$158
42 years$1,731$1,062$627$360$202$142
43 years$1,672$1,012$588$332$183$127
44 years$1,616$964$552$306$166$114
45 years$1,562$920$519$283$151$103
46 years$1,511$877$487$261$137$92
47 years$1,462$837$458$242$124$83
48 years$1,415$799$430$223$113$74
49 years$1,371$763$404$206$103$67
50 years$1,328$729$380$191$93$60

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $1,360,000, adding $4,099 every year, while hoping to spend $22,215 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: 70/5/25 Blend
65$1,360,000$1,360,000$1,360,000$1,360,000
66$1,502,948$1,430,868$1,409,788$1,598,330
67$1,632,612$1,477,344$1,433,379$1,709,177
68$1,774,758$1,525,353$1,457,017$1,827,514
69$1,930,634$1,574,946$1,480,677$1,956,535
70$2,101,617$1,626,177$1,504,339$2,097,297
71$2,289,223$1,679,101$1,527,976$2,250,967
72$2,495,123$1,733,776$1,551,561$2,418,828
73$2,721,154$1,790,260$1,575,068$2,602,297
74$2,969,345$1,848,615$1,598,465$2,802,930
75$3,241,925$1,908,904$1,621,721$3,022,446
76$3,541,354$1,971,194$1,644,801$3,262,735
77$3,870,341$2,035,551$1,667,671$3,525,881
78$4,231,870$2,102,046$1,690,292$3,814,179
79$4,629,226$2,170,753$1,712,623$4,130,160
80$5,066,033$2,241,746$1,734,621$4,476,609
81$5,546,281$2,315,103$1,756,243$4,856,597
82$6,074,363$2,390,905$1,777,439$5,273,508
83$6,655,125$2,469,236$1,798,160$5,731,067
84$7,293,902$2,550,183$1,818,352$6,233,382
85$7,996,572$2,633,834$1,837,959$6,784,980
86$8,769,613$2,720,283$1,856,922$7,390,844
87$9,620,163$2,809,626$1,875,178$8,056,472
88$10,556,084$2,901,962$1,892,661$8,787,915
89$11,586,041$2,997,394$1,909,301$9,591,846
90$12,719,581$3,096,030$1,925,026$10,475,616
91$13,967,222$3,197,979$1,939,759$11,447,325
92$15,340,555$3,303,357$1,953,417$12,515,899
93$16,852,351$3,412,281$1,965,917$13,691,175
94$18,516,684$3,524,875$1,977,167$14,983,990
95$20,349,057$3,641,266$1,987,074$16,406,289
96$22,366,559$3,761,586$1,995,539$17,971,234
97$24,588,016$3,885,971$2,002,457$19,693,327
98$27,034,173$4,014,564$2,007,719$21,588,553
99$29,727,891$4,147,510$2,011,210$23,674,522
100$32,694,360$4,284,961$2,012,809$25,970,643