Can I retire at age 66 with 1,410,000?

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 $1,410,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.9%
1 years$116,436$115,399$114,387$113,400$112,435$107,974
2 years$57,642$56,568$55,528$54,519$53,541$49,102
3 years$38,046$36,968$35,930$34,931$33,968$29,691
4 years$28,250$27,175$26,148$25,166$24,227$20,143
5 years$22,374$21,306$20,292$19,330$18,417$14,538
6 years$18,458$17,398$16,399$15,458$14,572$10,901
7 years$15,662$14,611$13,628$12,709$11,851$8,386
8 years$13,566$12,524$11,557$10,661$9,832$6,568
9 years$11,937$10,904$9,954$9,081$8,280$5,214
10 years$10,634$9,612$8,678$7,828$7,055$4,180
11 years$9,569$8,557$7,640$6,813$6,067$3,377
12 years$8,681$7,680$6,781$5,976$5,258$2,745
13 years$7,931$6,941$6,058$5,276$4,585$2,242
14 years$7,289$6,309$5,443$4,683$4,019$1,838
15 years$6,733$5,763$4,914$4,176$3,539$1,512
16 years$6,247$5,288$4,456$3,740$3,128$1,246
17 years$5,818$4,870$4,054$3,360$2,773$1,029
18 years$5,438$4,500$3,701$3,028$2,466$852
19 years$5,098$4,170$3,388$2,736$2,198$706
20 years$4,792$3,875$3,110$2,478$1,963$585
21 years$4,516$3,610$2,860$2,249$1,757$486
22 years$4,265$3,370$2,636$2,045$1,575$404
23 years$4,037$3,151$2,434$1,862$1,414$336
24 years$3,827$2,953$2,251$1,698$1,270$279
25 years$3,635$2,771$2,085$1,551$1,143$232
26 years$3,458$2,604$1,934$1,418$1,030$194
27 years$3,294$2,451$1,796$1,298$928$161
28 years$3,143$2,309$1,669$1,189$838$134
29 years$3,002$2,179$1,553$1,091$756$112
30 years$2,870$2,058$1,447$1,001$684$93
31 years$2,747$1,945$1,349$919$618$78
32 years$2,633$1,840$1,259$845$559$65
33 years$2,525$1,743$1,175$777$506$54
34 years$2,424$1,652$1,098$715$458$45
35 years$2,329$1,567$1,026$658$415$38
36 years$2,239$1,487$960$606$376$31
37 years$2,155$1,412$899$558$341$26
38 years$2,075$1,342$842$515$309$22
39 years$1,999$1,276$789$475$280$18
40 years$1,928$1,214$739$438$254$15
41 years$1,860$1,156$693$404$230$13
42 years$1,795$1,101$650$373$209$11
43 years$1,734$1,049$610$344$190$9
44 years$1,675$1,000$573$318$172$7
45 years$1,620$953$538$293$156$6
46 years$1,566$910$505$271$142$5
47 years$1,516$868$474$250$129$4
48 years$1,467$829$446$231$117$4
49 years$1,421$791$419$214$106$3
50 years$1,377$756$394$198$97$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $1,410,000, adding $2,264 every year, while hoping to spend $28,699 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: 67/12/21 Blend
65$1,410,000$1,410,000$1,410,000$1,410,000
66$1,556,155$1,481,425$1,459,570$1,652,042
67$1,684,348$1,523,480$1,477,930$1,758,641
68$1,824,654$1,566,633$1,495,944$1,871,654
69$1,978,279$1,610,908$1,513,568$1,994,561
70$2,146,550$1,656,330$1,530,760$2,128,334
71$2,330,930$1,702,921$1,547,472$2,274,047
72$2,533,027$1,750,707$1,563,654$2,432,879
73$2,754,615$1,799,711$1,579,256$2,606,133
74$2,997,647$1,849,957$1,594,222$2,795,240
75$3,264,272$1,901,471$1,608,494$3,001,779
76$3,556,861$1,954,276$1,622,011$3,227,490
77$3,878,022$2,008,396$1,634,710$3,474,288
78$4,230,630$2,063,857$1,646,522$3,744,284
79$4,617,850$2,120,683$1,657,377$4,039,804
80$5,043,172$2,178,898$1,667,201$4,363,410
81$5,510,438$2,238,525$1,675,914$4,717,924
82$6,023,879$2,299,590$1,683,433$5,106,458
83$6,588,160$2,362,115$1,689,674$5,532,439
84$7,208,417$2,426,124$1,694,543$5,999,642
85$7,890,312$2,491,640$1,697,946$6,512,230
86$8,640,078$2,558,685$1,699,782$7,074,787
87$9,464,587$2,627,281$1,699,945$7,692,366
88$10,371,407$2,697,450$1,698,325$8,370,534
89$11,368,877$2,769,212$1,694,807$9,115,427
90$12,466,187$2,842,588$1,689,267$9,933,803
91$13,673,460$2,917,596$1,681,579$10,833,114
92$15,001,849$2,994,255$1,671,608$11,821,567
93$16,463,646$3,072,581$1,659,215$12,908,210
94$18,072,391$3,152,591$1,644,252$14,103,010
95$19,843,007$3,234,300$1,626,566$15,416,954
96$21,791,932$3,317,720$1,605,995$16,862,146
97$23,937,284$3,402,863$1,582,371$18,451,928
98$26,299,023$3,489,739$1,555,516$20,201,000
99$28,899,144$3,578,356$1,525,246$22,125,563
100$31,761,882$3,668,721$1,491,368$24,243,470