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%13%
1 years$115,611$114,581$113,576$112,596$111,638$110,243
2 years$57,233$56,167$55,134$54,132$53,161$51,757
3 years$37,776$36,706$35,675$34,683$33,727$32,359
4 years$28,050$26,983$25,963$24,987$24,055$22,731
5 years$22,216$21,155$20,148$19,193$18,286$17,012
6 years$18,327$17,274$16,283$15,349$14,469$13,246
7 years$15,551$14,507$13,531$12,619$11,767$10,596
8 years$13,470$12,435$11,475$10,586$9,762$8,642
9 years$11,852$10,827$9,884$9,017$8,221$7,151
10 years$10,558$9,544$8,617$7,772$7,005$5,985
11 years$9,501$8,496$7,586$6,764$6,024$5,054
12 years$8,620$7,626$6,732$5,933$5,221$4,298
13 years$7,875$6,891$6,015$5,238$4,552$3,677
14 years$7,237$6,264$5,405$4,650$3,991$3,160
15 years$6,685$5,722$4,880$4,147$3,514$2,728
16 years$6,203$5,250$4,424$3,713$3,105$2,362
17 years$5,777$4,835$4,026$3,336$2,753$2,051
18 years$5,399$4,468$3,675$3,007$2,448$1,786
19 years$5,062$4,141$3,364$2,717$2,182$1,558
20 years$4,758$3,848$3,088$2,460$1,949$1,362
21 years$4,484$3,584$2,840$2,233$1,744$1,192
22 years$4,235$3,346$2,617$2,030$1,563$1,045
23 years$4,008$3,129$2,417$1,849$1,403$917
24 years$3,800$2,932$2,235$1,686$1,261$806
25 years$3,609$2,751$2,070$1,540$1,135$708
26 years$3,434$2,586$1,920$1,408$1,022$623
27 years$3,271$2,434$1,783$1,289$922$549
28 years$3,120$2,293$1,657$1,181$832$484
29 years$2,980$2,163$1,542$1,083$751$426
30 years$2,850$2,043$1,437$994$679$376
31 years$2,728$1,931$1,339$913$614$332
32 years$2,614$1,827$1,250$839$555$293
33 years$2,507$1,731$1,167$771$502$259
34 years$2,407$1,640$1,090$710$455$228
35 years$2,312$1,556$1,019$653$412$202
36 years$2,224$1,477$953$602$373$178
37 years$2,140$1,402$892$554$338$157
38 years$2,060$1,333$836$511$307$139
39 years$1,985$1,267$783$471$278$123
40 years$1,914$1,206$734$435$252$109
41 years$1,847$1,148$688$401$229$96
42 years$1,782$1,093$646$370$208$85
43 years$1,721$1,042$606$342$188$75
44 years$1,663$993$569$315$171$67
45 years$1,608$947$534$291$155$59
46 years$1,555$903$501$269$141$52
47 years$1,505$862$471$249$128$46
48 years$1,457$823$443$230$116$41
49 years$1,411$786$416$212$106$36
50 years$1,367$751$391$196$96$32

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 $3,527 every year, while hoping to spend $23,825 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: 43/47/10 Blend
65$1,400,000$1,400,000$1,400,000$1,400,000
66$1,546,438$1,472,238$1,450,538$1,608,310
67$1,678,825$1,519,028$1,473,782$1,698,550
68$1,823,917$1,567,312$1,497,005$1,793,566
69$1,982,985$1,617,139$1,520,183$1,895,961
70$2,157,428$1,668,557$1,543,288$2,006,421
71$2,348,788$1,721,619$1,566,290$2,125,698
72$2,558,763$1,776,376$1,589,159$2,254,621
73$2,789,222$1,832,885$1,611,862$2,394,099
74$3,042,227$1,891,200$1,634,363$2,545,132
75$3,320,046$1,951,381$1,656,626$2,708,820
76$3,625,179$2,013,487$1,678,611$2,886,375
77$3,960,380$2,077,580$1,700,278$3,079,127
78$4,328,683$2,143,726$1,721,581$3,288,540
79$4,733,429$2,211,989$1,742,475$3,516,228
80$5,178,301$2,282,439$1,762,910$3,763,962
81$5,667,355$2,355,146$1,782,835$4,033,695
82$6,205,060$2,430,182$1,802,194$4,327,574
83$6,796,339$2,507,624$1,820,931$4,647,965
84$7,446,617$2,587,549$1,838,983$4,997,469
85$8,161,870$2,670,038$1,856,288$5,378,952
86$8,948,684$2,755,173$1,872,776$5,795,568
87$9,814,314$2,843,040$1,888,378$6,250,789
88$10,766,752$2,933,728$1,903,018$6,748,441
89$11,814,808$3,027,328$1,916,616$7,292,733
90$12,968,186$3,123,934$1,929,090$7,888,303
91$14,237,579$3,223,645$1,940,353$8,540,257
92$15,634,769$3,326,560$1,950,311$9,254,217
93$17,172,739$3,432,785$1,958,870$10,036,377
94$18,865,793$3,542,426$1,965,927$10,893,559
95$20,729,694$3,655,595$1,971,375$11,833,275
96$22,781,810$3,772,406$1,975,103$12,863,801
97$25,041,278$3,892,978$1,976,993$13,994,252
98$27,529,188$4,017,433$1,976,922$15,234,668
99$30,268,776$4,145,898$1,974,760$16,596,109
100$33,285,648$4,278,504$1,970,371$18,090,761