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

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 $1,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.3%
1 years$115,611$114,581$113,576$112,596$111,638$108,325
2 years$57,233$56,167$55,134$54,132$53,161$49,850
3 years$37,776$36,706$35,675$34,683$33,727$30,523
4 years$28,050$26,983$25,963$24,987$24,055$20,981
5 years$22,216$21,155$20,148$19,193$18,286$15,352
6 years$18,327$17,274$16,283$15,349$14,469$11,677
7 years$15,551$14,507$13,531$12,619$11,767$9,117
8 years$13,470$12,435$11,475$10,586$9,762$7,252
9 years$11,852$10,827$9,884$9,017$8,221$5,849
10 years$10,558$9,544$8,617$7,772$7,005$4,767
11 years$9,501$8,496$7,586$6,764$6,024$3,917
12 years$8,620$7,626$6,732$5,933$5,221$3,239
13 years$7,875$6,891$6,015$5,238$4,552$2,693
14 years$7,237$6,264$5,405$4,650$3,991$2,248
15 years$6,685$5,722$4,880$4,147$3,514$1,883
16 years$6,203$5,250$4,424$3,713$3,105$1,582
17 years$5,777$4,835$4,026$3,336$2,753$1,332
18 years$5,399$4,468$3,675$3,007$2,448$1,124
19 years$5,062$4,141$3,364$2,717$2,182$950
20 years$4,758$3,848$3,088$2,460$1,949$804
21 years$4,484$3,584$2,840$2,233$1,744$681
22 years$4,235$3,346$2,617$2,030$1,563$577
23 years$4,008$3,129$2,417$1,849$1,403$490
24 years$3,800$2,932$2,235$1,686$1,261$416
25 years$3,609$2,751$2,070$1,540$1,135$354
26 years$3,434$2,586$1,920$1,408$1,022$301
27 years$3,271$2,434$1,783$1,289$922$256
28 years$3,120$2,293$1,657$1,181$832$217
29 years$2,980$2,163$1,542$1,083$751$185
30 years$2,850$2,043$1,437$994$679$158
31 years$2,728$1,931$1,339$913$614$134
32 years$2,614$1,827$1,250$839$555$114
33 years$2,507$1,731$1,167$771$502$97
34 years$2,407$1,640$1,090$710$455$83
35 years$2,312$1,556$1,019$653$412$71
36 years$2,224$1,477$953$602$373$60
37 years$2,140$1,402$892$554$338$51
38 years$2,060$1,333$836$511$307$44
39 years$1,985$1,267$783$471$278$37
40 years$1,914$1,206$734$435$252$32
41 years$1,847$1,148$688$401$229$27
42 years$1,782$1,093$646$370$208$23
43 years$1,721$1,042$606$342$188$20
44 years$1,663$993$569$315$171$17
45 years$1,608$947$534$291$155$14
46 years$1,555$903$501$269$141$12
47 years$1,505$862$471$249$128$10
48 years$1,457$823$443$230$116$9
49 years$1,411$786$416$212$106$8
50 years$1,367$751$391$196$96$6

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 $2,327 every year, while hoping to spend $28,816 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: 58/21/21 Blend
65$1,400,000$1,400,000$1,400,000$1,400,000
66$1,545,200$1,471,000$1,449,300$1,626,042
67$1,672,151$1,512,419$1,467,192$1,722,720
68$1,811,084$1,554,902$1,484,717$1,824,756
69$1,963,193$1,598,470$1,501,833$1,935,367
70$2,129,789$1,643,146$1,518,495$2,055,385
71$2,312,318$1,688,950$1,534,655$2,185,729
72$2,512,371$1,735,906$1,550,263$2,327,410
73$2,731,703$1,784,035$1,565,266$2,481,542
74$2,972,242$1,833,358$1,579,608$2,649,353
75$3,236,117$1,883,899$1,593,231$2,832,193
76$3,525,669$1,935,678$1,606,073$3,031,551
77$3,843,479$1,988,718$1,618,068$3,249,068
78$4,192,388$2,043,040$1,629,148$3,486,549
79$4,575,528$2,098,665$1,639,240$3,745,984
80$4,996,347$2,155,614$1,648,269$4,029,567
81$5,458,644$2,213,909$1,656,156$4,339,712
82$5,966,604$2,273,569$1,662,816$4,679,082
83$6,524,838$2,334,614$1,668,161$5,050,609
84$7,138,426$2,397,065$1,672,098$5,457,523
85$7,812,963$2,460,939$1,674,532$5,903,384
86$8,554,616$2,526,255$1,675,359$6,392,116
87$9,370,176$2,593,031$1,674,473$6,928,040
88$10,267,127$2,661,283$1,671,761$7,515,920
89$11,253,715$2,731,027$1,667,106$8,161,002
90$12,339,025$2,802,277$1,660,384$8,869,072
91$13,533,064$2,875,048$1,651,466$9,646,500
92$14,846,863$2,949,352$1,640,217$10,500,310
93$16,292,572$3,025,199$1,626,493$11,438,240
94$17,883,581$3,102,600$1,610,147$12,468,817
95$19,634,641$3,181,562$1,591,021$13,601,439
96$21,562,007$3,262,092$1,568,954$14,846,461
97$23,683,591$3,344,194$1,543,773$16,215,295
98$26,019,128$3,427,870$1,515,300$17,720,518
99$28,590,363$3,513,120$1,483,347$19,375,986
100$31,421,259$3,599,941$1,447,718$21,196,974