Can I retire at age 66 with 1,400,000?

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 $1,400,000?

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$115,611$114,581$113,576$112,596$111,638$108,631
2 years$57,233$56,167$55,134$54,132$53,161$50,153
3 years$37,776$36,706$35,675$34,683$33,727$30,812
4 years$28,050$26,983$25,963$24,987$24,055$21,255
5 years$22,216$21,155$20,148$19,193$18,286$15,610
6 years$18,327$17,274$16,283$15,349$14,469$11,919
7 years$15,551$14,507$13,531$12,619$11,767$9,343
8 years$13,470$12,435$11,475$10,586$9,762$7,462
9 years$11,852$10,827$9,884$9,017$8,221$6,044
10 years$10,558$9,544$8,617$7,772$7,005$4,947
11 years$9,501$8,496$7,586$6,764$6,024$4,083
12 years$8,620$7,626$6,732$5,933$5,221$3,393
13 years$7,875$6,891$6,015$5,238$4,552$2,834
14 years$7,237$6,264$5,405$4,650$3,991$2,377
15 years$6,685$5,722$4,880$4,147$3,514$2,001
16 years$6,203$5,250$4,424$3,713$3,105$1,690
17 years$5,777$4,835$4,026$3,336$2,753$1,430
18 years$5,399$4,468$3,675$3,007$2,448$1,213
19 years$5,062$4,141$3,364$2,717$2,182$1,030
20 years$4,758$3,848$3,088$2,460$1,949$876
21 years$4,484$3,584$2,840$2,233$1,744$746
22 years$4,235$3,346$2,617$2,030$1,563$636
23 years$4,008$3,129$2,417$1,849$1,403$543
24 years$3,800$2,932$2,235$1,686$1,261$464
25 years$3,609$2,751$2,070$1,540$1,135$396
26 years$3,434$2,586$1,920$1,408$1,022$339
27 years$3,271$2,434$1,783$1,289$922$290
28 years$3,120$2,293$1,657$1,181$832$248
29 years$2,980$2,163$1,542$1,083$751$212
30 years$2,850$2,043$1,437$994$679$182
31 years$2,728$1,931$1,339$913$614$156
32 years$2,614$1,827$1,250$839$555$133
33 years$2,507$1,731$1,167$771$502$114
34 years$2,407$1,640$1,090$710$455$98
35 years$2,312$1,556$1,019$653$412$84
36 years$2,224$1,477$953$602$373$72
37 years$2,140$1,402$892$554$338$62
38 years$2,060$1,333$836$511$307$53
39 years$1,985$1,267$783$471$278$45
40 years$1,914$1,206$734$435$252$39
41 years$1,847$1,148$688$401$229$33
42 years$1,782$1,093$646$370$208$29
43 years$1,721$1,042$606$342$188$24
44 years$1,663$993$569$315$171$21
45 years$1,608$947$534$291$155$18
46 years$1,555$903$501$269$141$15
47 years$1,505$862$471$249$128$13
48 years$1,457$823$443$230$116$11
49 years$1,411$786$416$212$106$10
50 years$1,367$751$391$196$96$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $1,400,000, adding $2,828 every year, while hoping to spend $45,724 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: 78/13/9 Blend
65$1,400,000$1,400,000$1,400,000$1,400,000
66$1,545,717$1,471,517$1,449,817$1,663,903
67$1,654,730$1,494,971$1,449,736$1,765,384
68$1,773,330$1,518,043$1,448,120$1,870,460
69$1,902,447$1,540,663$1,444,868$1,984,366
70$2,043,103$1,562,762$1,439,878$2,107,962
71$2,196,423$1,584,262$1,433,038$2,242,196
72$2,363,648$1,605,080$1,424,234$2,388,110
73$2,546,140$1,625,129$1,413,346$2,546,854
74$2,745,400$1,644,314$1,400,247$2,719,692
75$2,963,081$1,662,536$1,384,806$2,908,020
76$3,201,001$1,679,686$1,366,882$3,113,373
77$3,461,164$1,695,651$1,346,333$3,337,444
78$3,745,773$1,710,308$1,323,006$3,582,097
79$4,057,256$1,723,528$1,296,741$3,849,387
80$4,398,288$1,735,172$1,267,373$4,141,579
81$4,771,811$1,745,094$1,234,728$4,461,165
82$5,181,068$1,753,135$1,198,624$4,810,894
83$5,629,629$1,759,131$1,158,870$5,193,796
84$6,121,426$1,762,903$1,115,267$5,613,208
85$6,660,790$1,764,264$1,067,607$6,072,807
86$7,252,491$1,763,013$1,015,672$6,576,647
87$7,901,783$1,758,939$959,235$7,129,192
88$8,614,453$1,751,815$898,057$7,735,367
89$9,396,876$1,741,403$831,891$8,400,593
90$10,256,074$1,727,448$760,476$9,130,850
91$11,199,784$1,709,683$683,542$9,932,724
92$12,236,525$1,687,821$600,804$10,813,475
93$13,375,687$1,661,560$511,967$11,781,105
94$14,627,611$1,630,580$416,722$12,844,430
95$16,003,690$1,594,542$314,745$14,013,168
96$17,516,478$1,553,086$205,700$15,298,028
97$19,179,803$1,505,831$89,235$16,710,813
98$21,008,901$1,452,376$0$18,264,532
99$23,020,559$1,392,292$0$19,976,885
100$25,233,272$1,325,131$0$21,869,668