Can I retire at age 66 with 1,380,000?

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 $1,380,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$113,959$112,944$111,954$110,987$110,043$108,220
2 years$56,415$55,365$54,346$53,359$52,401$50,570
3 years$37,237$36,181$35,166$34,188$33,246$31,463
4 years$27,649$26,597$25,592$24,630$23,711$21,991
5 years$21,898$20,853$19,860$18,918$18,025$16,372
6 years$18,065$17,028$16,050$15,129$14,262$12,679
7 years$15,329$14,300$13,338$12,439$11,599$10,085
8 years$13,277$12,258$11,311$10,434$9,623$8,178
9 years$11,683$10,672$9,742$8,888$8,104$6,728
10 years$10,407$9,407$8,494$7,661$6,905$5,596
11 years$9,365$8,375$7,478$6,668$5,938$4,696
12 years$8,497$7,517$6,636$5,848$5,146$3,968
13 years$7,763$6,793$5,929$5,163$4,487$3,373
14 years$7,134$6,175$5,327$4,583$3,934$2,880
15 years$6,590$5,641$4,810$4,088$3,463$2,468
16 years$6,114$5,175$4,361$3,660$3,061$2,123
17 years$5,695$4,766$3,968$3,288$2,714$1,831
18 years$5,322$4,404$3,622$2,964$2,413$1,582
19 years$4,989$4,082$3,316$2,678$2,151$1,370
20 years$4,690$3,793$3,043$2,425$1,921$1,189
21 years$4,420$3,533$2,799$2,201$1,719$1,033
22 years$4,174$3,298$2,580$2,001$1,541$899
23 years$3,951$3,084$2,382$1,823$1,383$783
24 years$3,746$2,890$2,203$1,662$1,243$682
25 years$3,558$2,712$2,041$1,518$1,119$595
26 years$3,384$2,549$1,893$1,388$1,008$519
27 years$3,224$2,399$1,757$1,271$909$454
28 years$3,076$2,260$1,634$1,164$820$397
29 years$2,938$2,132$1,520$1,068$740$347
30 years$2,809$2,014$1,416$980$669$303
31 years$2,689$1,904$1,320$900$605$265
32 years$2,577$1,801$1,232$827$547$232
33 years$2,471$1,706$1,150$760$495$203
34 years$2,372$1,617$1,075$700$448$178
35 years$2,279$1,533$1,005$644$406$156
36 years$2,192$1,455$940$593$368$137
37 years$2,109$1,382$880$547$333$120
38 years$2,031$1,314$824$504$302$105
39 years$1,957$1,249$772$464$274$92
40 years$1,887$1,189$723$428$249$81
41 years$1,820$1,131$678$395$226$71
42 years$1,757$1,078$636$365$205$62
43 years$1,697$1,027$597$337$186$54
44 years$1,640$979$560$311$169$48
45 years$1,585$933$526$287$153$42
46 years$1,533$890$494$265$139$37
47 years$1,484$850$464$245$126$32
48 years$1,436$811$436$226$115$28
49 years$1,391$774$410$209$104$25
50 years$1,347$740$386$193$95$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $1,380,000, adding $2,239 every year, while hoping to spend $25,639 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: 41/36/23 Blend
65$1,380,000$1,380,000$1,380,000$1,380,000
66$1,523,070$1,449,930$1,428,540$1,575,121
67$1,651,143$1,493,696$1,449,116$1,656,393
68$1,791,420$1,538,748$1,469,522$1,741,695
69$1,945,120$1,585,122$1,489,726$1,833,514
70$2,113,583$1,632,853$1,509,692$1,932,462
71$2,298,285$1,681,980$1,529,384$2,039,211
72$2,500,855$1,732,542$1,548,763$2,154,501
73$2,723,083$1,784,577$1,567,787$2,279,149
74$2,966,943$1,838,127$1,586,414$2,414,050
75$3,234,610$1,893,234$1,604,597$2,560,191
76$3,528,477$1,949,939$1,622,288$2,718,659
77$3,851,182$2,008,287$1,639,436$2,890,651
78$4,205,632$2,068,322$1,655,986$3,077,483
79$4,595,027$2,130,090$1,671,882$3,280,606
80$5,022,894$2,193,639$1,687,064$3,501,615
81$5,493,116$2,259,015$1,701,468$3,742,270
82$6,009,975$2,326,268$1,715,028$4,004,507
83$6,578,186$2,395,448$1,727,675$4,290,459
84$7,202,942$2,466,606$1,739,333$4,602,475
85$7,889,968$2,539,795$1,749,926$4,943,142
86$8,645,568$2,615,069$1,759,373$5,315,310
87$9,476,691$2,692,482$1,767,586$5,722,119
88$10,390,990$2,772,091$1,774,478$6,167,026
89$11,396,900$2,853,952$1,779,951$6,653,842
90$12,503,713$2,938,124$1,783,908$7,186,764
91$13,721,666$3,024,667$1,786,244$7,770,415
92$15,062,042$3,113,642$1,786,849$8,409,889
93$16,537,271$3,205,111$1,785,609$9,110,800
94$18,161,048$3,299,137$1,782,403$9,879,330
95$19,948,465$3,395,785$1,777,103$10,722,292
96$21,916,151$3,495,120$1,769,579$11,647,194
97$24,082,429$3,597,212$1,759,690$12,662,307
98$26,467,488$3,702,126$1,747,291$13,776,743
99$29,093,576$3,809,934$1,732,229$15,000,546
100$31,985,206$3,920,707$1,714,344$16,344,778