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%16.8%
1 years$116,436$115,399$114,387$113,400$112,435$109,318
2 years$57,642$56,568$55,528$54,519$53,541$50,424
3 years$38,046$36,968$35,930$34,931$33,968$30,949
4 years$28,250$27,175$26,148$25,166$24,227$21,328
5 years$22,374$21,306$20,292$19,330$18,417$15,647
6 years$18,458$17,398$16,399$15,458$14,572$11,934
7 years$15,662$14,611$13,628$12,709$11,851$9,344
8 years$13,566$12,524$11,557$10,661$9,832$7,454
9 years$11,937$10,904$9,954$9,081$8,280$6,030
10 years$10,634$9,612$8,678$7,828$7,055$4,930
11 years$9,569$8,557$7,640$6,813$6,067$4,064
12 years$8,681$7,680$6,781$5,976$5,258$3,372
13 years$7,931$6,941$6,058$5,276$4,585$2,813
14 years$7,289$6,309$5,443$4,683$4,019$2,356
15 years$6,733$5,763$4,914$4,176$3,539$1,981
16 years$6,247$5,288$4,456$3,740$3,128$1,670
17 years$5,818$4,870$4,054$3,360$2,773$1,411
18 years$5,438$4,500$3,701$3,028$2,466$1,195
19 years$5,098$4,170$3,388$2,736$2,198$1,014
20 years$4,792$3,875$3,110$2,478$1,963$861
21 years$4,516$3,610$2,860$2,249$1,757$732
22 years$4,265$3,370$2,636$2,045$1,575$623
23 years$4,037$3,151$2,434$1,862$1,414$531
24 years$3,827$2,953$2,251$1,698$1,270$453
25 years$3,635$2,771$2,085$1,551$1,143$386
26 years$3,458$2,604$1,934$1,418$1,030$330
27 years$3,294$2,451$1,796$1,298$928$282
28 years$3,143$2,309$1,669$1,189$838$241
29 years$3,002$2,179$1,553$1,091$756$206
30 years$2,870$2,058$1,447$1,001$684$176
31 years$2,747$1,945$1,349$919$618$150
32 years$2,633$1,840$1,259$845$559$128
33 years$2,525$1,743$1,175$777$506$110
34 years$2,424$1,652$1,098$715$458$94
35 years$2,329$1,567$1,026$658$415$80
36 years$2,239$1,487$960$606$376$69
37 years$2,155$1,412$899$558$341$59
38 years$2,075$1,342$842$515$309$50
39 years$1,999$1,276$789$475$280$43
40 years$1,928$1,214$739$438$254$37
41 years$1,860$1,156$693$404$230$32
42 years$1,795$1,101$650$373$209$27
43 years$1,734$1,049$610$344$190$23
44 years$1,675$1,000$573$318$172$20
45 years$1,620$953$538$293$156$17
46 years$1,566$910$505$271$142$15
47 years$1,516$868$474$250$129$12
48 years$1,467$829$446$231$117$11
49 years$1,421$791$419$214$106$9
50 years$1,377$756$394$198$97$8

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 $4,427 every year, while hoping to spend $49,774 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: 49/35/16 Blend
65$1,410,000$1,410,000$1,410,000$1,410,000
66$1,558,386$1,483,656$1,461,801$1,627,614
67$1,664,383$1,503,396$1,457,813$1,695,608
68$1,779,522$1,522,436$1,452,022$1,763,935
69$1,904,686$1,540,687$1,444,317$1,837,072
70$2,040,840$1,558,057$1,434,578$1,915,489
71$2,189,052$1,574,448$1,422,683$1,999,704
72$2,350,493$1,589,754$1,408,500$2,090,290
73$2,526,453$1,603,861$1,391,894$2,187,879
74$2,718,351$1,616,650$1,372,723$2,293,171
75$2,927,750$1,627,993$1,350,836$2,406,939
76$3,156,370$1,637,754$1,326,078$2,530,034
77$3,406,104$1,645,788$1,298,286$2,663,399
78$3,679,035$1,651,941$1,267,288$2,808,074
79$3,977,460$1,656,049$1,232,905$2,965,210
80$4,303,903$1,657,938$1,194,949$3,136,076
81$4,661,147$1,657,423$1,153,226$3,322,073
82$5,052,254$1,654,307$1,107,530$3,524,749
83$5,480,598$1,648,382$1,057,646$3,745,815
84$5,949,894$1,639,427$1,003,351$3,987,157
85$6,464,230$1,627,206$944,411$4,250,861
86$7,028,114$1,611,472$880,581$4,539,226
87$7,646,507$1,591,959$811,606$4,854,794
88$8,324,874$1,568,388$737,218$5,200,369
89$9,069,234$1,540,463$657,138$5,579,046
90$9,886,219$1,507,868$571,075$5,994,242
91$10,783,132$1,470,272$478,725$6,449,729
92$11,768,018$1,427,323$379,769$6,949,671
93$12,849,741$1,378,646$273,876$7,498,660
94$14,038,063$1,323,848$160,699$8,101,766
95$15,343,739$1,262,511$39,876$8,764,586
96$16,778,619$1,194,192$0$9,493,291
97$18,355,756$1,118,426$0$10,309,901
98$20,089,532$1,034,716$0$11,214,978
99$21,995,789$942,543$0$12,210,072
100$24,091,984$841,351$0$13,304,405