Can I retire at age 66 with 1,390,000?

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 $1,390,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.5%
1 years$114,785$113,762$112,765$111,791$110,841$107,036
2 years$56,824$55,766$54,740$53,746$52,781$48,987
3 years$37,507$36,444$35,421$34,435$33,487$29,821
4 years$27,850$26,790$25,777$24,809$23,883$20,375
5 years$22,057$21,004$20,004$19,056$18,155$14,814
6 years$18,196$17,151$16,166$15,239$14,366$11,194
7 years$15,440$14,403$13,434$12,529$11,683$8,680
8 years$13,374$12,346$11,393$10,510$9,692$6,856
9 years$11,767$10,750$9,813$8,952$8,162$5,489
10 years$10,483$9,475$8,555$7,717$6,955$4,440
11 years$9,433$8,435$7,532$6,716$5,981$3,620
12 years$8,558$7,571$6,684$5,891$5,183$2,970
13 years$7,819$6,842$5,972$5,201$4,520$2,449
14 years$7,186$6,219$5,366$4,617$3,962$2,028
15 years$6,637$5,681$4,845$4,117$3,489$1,684
16 years$6,158$5,213$4,392$3,687$3,083$1,403
17 years$5,736$4,801$3,997$3,312$2,734$1,171
18 years$5,361$4,436$3,649$2,985$2,431$979
19 years$5,025$4,111$3,340$2,697$2,167$820
20 years$4,724$3,820$3,065$2,443$1,935$687
21 years$4,452$3,559$2,820$2,217$1,732$577
22 years$4,205$3,322$2,599$2,016$1,552$485
23 years$3,979$3,107$2,399$1,836$1,393$407
24 years$3,773$2,911$2,219$1,674$1,252$343
25 years$3,584$2,732$2,055$1,529$1,127$288
26 years$3,409$2,567$1,906$1,398$1,015$243
27 years$3,248$2,416$1,770$1,280$915$205
28 years$3,098$2,277$1,646$1,173$826$172
29 years$2,959$2,148$1,531$1,075$746$145
30 years$2,829$2,028$1,426$987$674$122
31 years$2,709$1,918$1,330$906$609$103
32 years$2,595$1,814$1,241$833$551$87
33 years$2,489$1,718$1,158$766$499$73
34 years$2,390$1,628$1,082$705$452$62
35 years$2,296$1,545$1,012$649$409$52
36 years$2,208$1,466$947$597$371$44
37 years$2,124$1,392$886$551$336$37
38 years$2,046$1,323$830$507$304$31
39 years$1,971$1,258$777$468$276$26
40 years$1,900$1,197$729$432$250$22
41 years$1,833$1,140$683$398$227$19
42 years$1,770$1,085$641$367$206$16
43 years$1,709$1,034$601$339$187$13
44 years$1,652$986$565$313$170$11
45 years$1,597$940$530$289$154$10
46 years$1,544$897$498$267$140$8
47 years$1,494$856$468$247$127$7
48 years$1,447$817$440$228$115$6
49 years$1,401$780$413$211$105$5
50 years$1,357$745$388$195$95$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $1,390,000, adding $4,727 every year, while hoping to spend $27,739 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: 47/41/12 Blend
65$1,390,000$1,390,000$1,390,000$1,390,000
66$1,536,656$1,462,986$1,441,441$1,603,527
67$1,663,881$1,505,158$1,460,215$1,692,366
68$1,803,153$1,548,467$1,478,689$1,785,486
69$1,955,672$1,592,939$1,496,822$1,885,926
70$2,122,758$1,638,601$1,514,573$1,994,379
71$2,305,867$1,685,480$1,531,899$2,111,603
72$2,506,601$1,733,604$1,548,753$2,238,434
73$2,726,724$1,783,000$1,565,086$2,375,793
74$2,968,179$1,833,697$1,580,846$2,524,692
75$3,233,108$1,885,723$1,595,979$2,686,245
76$3,523,868$1,939,107$1,610,428$2,861,679
77$3,843,057$1,993,877$1,624,131$3,052,344
78$4,193,535$2,050,063$1,637,026$3,259,726
79$4,578,455$2,107,695$1,649,045$3,485,463
80$5,001,287$2,166,802$1,660,118$3,731,357
81$5,465,857$2,227,414$1,670,170$3,999,391
82$5,976,377$2,289,560$1,679,124$4,291,753
83$6,537,490$2,353,271$1,686,897$4,610,848
84$7,154,310$2,418,578$1,693,404$4,959,328
85$7,832,471$2,485,509$1,698,554$5,340,113
86$8,578,179$2,554,094$1,702,252$5,756,419
87$9,398,273$2,624,365$1,704,397$6,211,788
88$10,300,288$2,696,350$1,704,886$6,710,123
89$11,292,526$2,770,080$1,703,607$7,255,723
90$12,384,132$2,845,582$1,700,447$7,853,323
91$13,585,185$2,922,887$1,695,284$8,508,141
92$14,906,788$3,002,023$1,687,990$9,225,924
93$16,361,176$3,083,018$1,678,433$10,013,005
94$17,961,830$3,165,900$1,666,474$10,876,361
95$19,723,602$3,250,694$1,651,967$11,823,678
96$21,662,860$3,337,428$1,634,758$12,863,426
97$23,797,636$3,426,127$1,614,687$14,004,936
98$26,147,802$3,516,815$1,591,587$15,258,490
99$28,735,254$3,609,515$1,565,281$16,635,417
100$31,584,118$3,704,248$1,535,585$18,148,199