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

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 $1,390,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$114,785$113,762$112,765$111,791$110,841$110,188
2 years$56,824$55,766$54,740$53,746$52,781$52,123
3 years$37,507$36,444$35,421$34,435$33,487$32,843
4 years$27,850$26,790$25,777$24,809$23,883$23,259
5 years$22,057$21,004$20,004$19,056$18,155$17,553
6 years$18,196$17,151$16,166$15,239$14,366$13,785
7 years$15,440$14,403$13,434$12,529$11,683$11,125
8 years$13,374$12,346$11,393$10,510$9,692$9,157
9 years$11,767$10,750$9,813$8,952$8,162$7,649
10 years$10,483$9,475$8,555$7,717$6,955$6,464
11 years$9,433$8,435$7,532$6,716$5,981$5,512
12 years$8,558$7,571$6,684$5,891$5,183$4,735
13 years$7,819$6,842$5,972$5,201$4,520$4,093
14 years$7,186$6,219$5,366$4,617$3,962$3,555
15 years$6,637$5,681$4,845$4,117$3,489$3,102
16 years$6,158$5,213$4,392$3,687$3,083$2,716
17 years$5,736$4,801$3,997$3,312$2,734$2,385
18 years$5,361$4,436$3,649$2,985$2,431$2,100
19 years$5,025$4,111$3,340$2,697$2,167$1,854
20 years$4,724$3,820$3,065$2,443$1,935$1,639
21 years$4,452$3,559$2,820$2,217$1,732$1,452
22 years$4,205$3,322$2,599$2,016$1,552$1,288
23 years$3,979$3,107$2,399$1,836$1,393$1,144
24 years$3,773$2,911$2,219$1,674$1,252$1,018
25 years$3,584$2,732$2,055$1,529$1,127$906
26 years$3,409$2,567$1,906$1,398$1,015$807
27 years$3,248$2,416$1,770$1,280$915$720
28 years$3,098$2,277$1,646$1,173$826$643
29 years$2,959$2,148$1,531$1,075$746$574
30 years$2,829$2,028$1,426$987$674$513
31 years$2,709$1,918$1,330$906$609$458
32 years$2,595$1,814$1,241$833$551$410
33 years$2,489$1,718$1,158$766$499$367
34 years$2,390$1,628$1,082$705$452$328
35 years$2,296$1,545$1,012$649$409$294
36 years$2,208$1,466$947$597$371$263
37 years$2,124$1,392$886$551$336$236
38 years$2,046$1,323$830$507$304$211
39 years$1,971$1,258$777$468$276$189
40 years$1,900$1,197$729$432$250$170
41 years$1,833$1,140$683$398$227$152
42 years$1,770$1,085$641$367$206$136
43 years$1,709$1,034$601$339$187$122
44 years$1,652$986$565$313$170$110
45 years$1,597$940$530$289$154$98
46 years$1,544$897$498$267$140$88
47 years$1,494$856$468$247$127$79
48 years$1,447$817$440$228$115$71
49 years$1,401$780$413$211$105$64
50 years$1,357$745$388$195$95$57

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 $4,730 every year, while hoping to spend $39,617 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: 25/46/29 Blend
65$1,390,000$1,390,000$1,390,000$1,390,000
66$1,536,659$1,462,989$1,441,444$1,561,041
67$1,651,246$1,492,523$1,447,580$1,611,416
68$1,776,193$1,522,177$1,452,594$1,661,728
69$1,912,515$1,551,914$1,456,406$1,714,856
70$2,061,329$1,581,695$1,458,934$1,771,064
71$2,223,865$1,611,479$1,460,088$1,830,644
72$2,401,477$1,641,219$1,459,779$1,893,921
73$2,595,654$1,670,865$1,457,908$1,961,251
74$2,808,038$1,700,365$1,454,375$2,033,031
75$3,040,436$1,729,660$1,449,074$2,109,700
76$3,294,836$1,758,689$1,441,894$2,191,741
77$3,573,430$1,787,386$1,432,718$2,279,692
78$3,878,630$1,815,678$1,421,424$2,374,146
79$4,213,093$1,843,488$1,407,884$2,475,760
80$4,579,744$1,870,735$1,391,964$2,585,260
81$4,981,806$1,897,330$1,373,524$2,703,449
82$5,422,830$1,923,178$1,352,416$2,831,216
83$5,906,723$1,948,178$1,328,486$2,969,542
84$6,437,792$1,972,223$1,301,574$3,119,514
85$7,020,781$1,995,196$1,271,511$3,282,333
86$7,660,915$2,016,974$1,238,121$3,459,325
87$8,363,948$2,037,426$1,201,218$3,651,957
88$9,136,222$2,056,411$1,160,610$3,861,851
89$9,984,721$2,073,779$1,116,095$4,090,799
90$10,917,140$2,089,372$1,067,461$4,340,780
91$11,941,956$2,103,019$1,014,489$4,613,982
92$13,068,508$2,114,540$956,947$4,912,821
93$14,307,086$2,123,742$894,594$5,239,968
94$15,669,024$2,130,421$827,179$5,598,372
95$17,166,812$2,134,359$754,437$5,991,288
96$18,814,211$2,135,327$676,095$6,422,316
97$20,626,381$2,133,077$591,864$6,895,426
98$22,620,024$2,127,351$501,444$7,415,006
99$24,813,547$2,117,872$404,523$7,985,900
100$27,227,227$2,104,346$300,773$8,613,453