Can I retire at age 66 with 1,370,000?

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 $1,370,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.6%
1 years$113,133$112,126$111,142$110,183$109,246$106,303
2 years$56,007$54,964$53,953$52,972$52,022$49,078
3 years$36,967$35,919$34,911$33,940$33,005$30,152
4 years$27,449$26,404$25,406$24,452$23,539$20,800
5 years$21,740$20,701$19,716$18,781$17,894$15,275
6 years$17,935$16,904$15,934$15,020$14,159$11,663
7 years$15,218$14,196$13,241$12,348$11,515$9,142
8 years$13,181$12,169$11,229$10,359$9,553$7,302
9 years$11,598$10,595$9,672$8,823$8,045$5,914
10 years$10,332$9,339$8,432$7,606$6,855$4,841
11 years$9,297$8,314$7,424$6,619$5,895$3,996
12 years$8,435$7,462$6,588$5,806$5,109$3,320
13 years$7,706$6,744$5,886$5,126$4,455$2,773
14 years$7,082$6,130$5,289$4,550$3,905$2,326
15 years$6,542$5,600$4,775$4,058$3,438$1,958
16 years$6,070$5,138$4,329$3,633$3,039$1,653
17 years$5,653$4,732$3,939$3,265$2,694$1,399
18 years$5,284$4,372$3,596$2,942$2,396$1,187
19 years$4,953$4,052$3,292$2,658$2,135$1,008
20 years$4,656$3,765$3,021$2,408$1,907$858
21 years$4,388$3,507$2,779$2,185$1,707$730
22 years$4,144$3,274$2,561$1,987$1,530$623
23 years$3,922$3,062$2,365$1,809$1,373$531
24 years$3,719$2,869$2,187$1,650$1,234$454
25 years$3,532$2,692$2,026$1,507$1,111$388
26 years$3,360$2,530$1,879$1,378$1,001$332
27 years$3,201$2,381$1,745$1,261$902$284
28 years$3,053$2,244$1,622$1,156$814$243
29 years$2,916$2,117$1,509$1,060$735$208
30 years$2,789$1,999$1,406$973$664$178
31 years$2,670$1,890$1,311$893$600$152
32 years$2,558$1,788$1,223$821$543$130
33 years$2,453$1,693$1,142$755$492$112
34 years$2,355$1,605$1,067$695$445$96
35 years$2,263$1,522$997$639$403$82
36 years$2,176$1,445$933$589$365$70
37 years$2,094$1,372$873$543$331$60
38 years$2,016$1,304$818$500$300$52
39 years$1,943$1,240$766$461$272$44
40 years$1,873$1,180$718$425$247$38
41 years$1,807$1,123$673$392$224$33
42 years$1,744$1,070$632$362$203$28
43 years$1,685$1,019$593$334$184$24
44 years$1,628$972$556$309$167$21
45 years$1,574$926$522$285$152$18
46 years$1,522$884$491$263$138$15
47 years$1,473$843$461$243$125$13
48 years$1,426$805$433$225$114$11
49 years$1,381$769$407$208$103$10
50 years$1,338$734$383$192$94$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $1,370,000, adding $5,668 every year, while hoping to spend $54,925 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: 32/50/18 Blend
65$1,370,000$1,370,000$1,370,000$1,370,000
66$1,515,587$1,442,977$1,421,742$1,555,415
67$1,611,737$1,455,243$1,410,930$1,597,805
68$1,715,853$1,466,269$1,397,916$1,637,999
69$1,828,691$1,475,937$1,382,566$1,680,125
70$1,951,079$1,484,119$1,364,744$1,724,384
71$2,083,931$1,490,683$1,344,305$1,771,001
72$2,228,249$1,495,484$1,321,096$1,820,225
73$2,385,138$1,498,370$1,294,961$1,872,339
74$2,555,813$1,499,181$1,265,733$1,927,653
75$2,741,609$1,497,744$1,233,238$1,986,518
76$2,943,997$1,493,878$1,197,296$2,049,323
77$3,164,596$1,487,388$1,157,716$2,116,502
78$3,405,185$1,478,071$1,114,300$2,188,538
79$3,667,725$1,465,707$1,066,840$2,265,970
80$3,954,373$1,450,067$1,015,119$2,349,398
81$4,267,504$1,430,906$958,911$2,439,488
82$4,609,733$1,407,963$897,978$2,536,982
83$4,983,938$1,380,966$832,072$2,642,706
84$5,393,288$1,349,622$760,935$2,757,577
85$5,841,273$1,313,623$684,296$2,882,613
86$6,331,736$1,272,643$601,872$3,018,946
87$6,868,907$1,226,336$513,369$3,167,831
88$7,457,446$1,174,338$418,478$3,330,664
89$8,102,486$1,116,261$316,878$3,508,992
90$8,809,678$1,051,696$208,231$3,704,531
91$9,585,247$980,211$92,189$3,919,183
92$10,436,049$901,348$0$4,155,059
93$11,369,635$814,623$0$4,420,577
94$12,394,324$719,526$0$4,731,538
95$13,519,279$615,516$0$5,073,166
96$14,754,591$502,023$0$5,448,721
97$16,111,381$378,443$0$5,861,806
98$17,601,896$244,141$0$6,316,406
99$19,239,628$98,443$0$6,816,926
100$21,039,443$0$0$7,368,234