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%12.7%
1 years$116,436$115,399$114,387$113,400$112,435$111,169
2 years$57,642$56,568$55,528$54,519$53,541$52,265
3 years$38,046$36,968$35,930$34,931$33,968$32,724
4 years$28,250$27,175$26,148$25,166$24,227$23,023
5 years$22,374$21,306$20,292$19,330$18,417$17,257
6 years$18,458$17,398$16,399$15,458$14,572$13,459
7 years$15,662$14,611$13,628$12,709$11,851$10,784
8 years$13,566$12,524$11,557$10,661$9,832$8,810
9 years$11,937$10,904$9,954$9,081$8,280$7,304
10 years$10,634$9,612$8,678$7,828$7,055$6,124
11 years$9,569$8,557$7,640$6,813$6,067$5,180
12 years$8,681$7,680$6,781$5,976$5,258$4,414
13 years$7,931$6,941$6,058$5,276$4,585$3,783
14 years$7,289$6,309$5,443$4,683$4,019$3,259
15 years$6,733$5,763$4,914$4,176$3,539$2,818
16 years$6,247$5,288$4,456$3,740$3,128$2,446
17 years$5,818$4,870$4,054$3,360$2,773$2,128
18 years$5,438$4,500$3,701$3,028$2,466$1,857
19 years$5,098$4,170$3,388$2,736$2,198$1,624
20 years$4,792$3,875$3,110$2,478$1,963$1,422
21 years$4,516$3,610$2,860$2,249$1,757$1,248
22 years$4,265$3,370$2,636$2,045$1,575$1,096
23 years$4,037$3,151$2,434$1,862$1,414$964
24 years$3,827$2,953$2,251$1,698$1,270$849
25 years$3,635$2,771$2,085$1,551$1,143$748
26 years$3,458$2,604$1,934$1,418$1,030$660
27 years$3,294$2,451$1,796$1,298$928$583
28 years$3,143$2,309$1,669$1,189$838$515
29 years$3,002$2,179$1,553$1,091$756$455
30 years$2,870$2,058$1,447$1,001$684$402
31 years$2,747$1,945$1,349$919$618$356
32 years$2,633$1,840$1,259$845$559$315
33 years$2,525$1,743$1,175$777$506$278
34 years$2,424$1,652$1,098$715$458$247
35 years$2,329$1,567$1,026$658$415$218
36 years$2,239$1,487$960$606$376$193
37 years$2,155$1,412$899$558$341$171
38 years$2,075$1,342$842$515$309$152
39 years$1,999$1,276$789$475$280$135
40 years$1,928$1,214$739$438$254$119
41 years$1,860$1,156$693$404$230$106
42 years$1,795$1,101$650$373$209$94
43 years$1,734$1,049$610$344$190$83
44 years$1,675$1,000$573$318$172$74
45 years$1,620$953$538$293$156$65
46 years$1,566$910$505$271$142$58
47 years$1,516$868$474$250$129$51
48 years$1,467$829$446$231$117$46
49 years$1,421$791$419$214$106$40
50 years$1,377$756$394$198$97$36

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 $5,063 every year, while hoping to spend $51,401 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: 59/23/18 Blend
65$1,410,000$1,410,000$1,410,000$1,410,000
66$1,559,042$1,484,312$1,462,457$1,643,435
67$1,663,375$1,502,354$1,456,760$1,719,204
68$1,776,626$1,519,556$1,449,148$1,795,706
69$1,899,652$1,535,824$1,439,504$1,877,963
70$2,033,393$1,551,056$1,427,705$1,966,541
71$2,178,885$1,565,144$1,413,619$2,062,063
72$2,337,268$1,577,973$1,397,111$2,165,215
73$2,509,793$1,589,417$1,378,039$2,276,757
74$2,697,841$1,599,348$1,356,252$2,397,526
75$2,902,930$1,607,625$1,331,596$2,528,446
76$3,126,730$1,614,099$1,303,905$2,670,538
77$3,371,079$1,618,614$1,273,009$2,824,927
78$3,638,004$1,621,000$1,238,729$2,992,857
79$3,929,731$1,621,080$1,200,878$3,175,698
80$4,248,716$1,618,665$1,159,259$3,374,964
81$4,597,658$1,613,553$1,113,667$3,592,324
82$4,979,533$1,605,531$1,063,889$3,829,622
83$5,397,616$1,594,372$1,009,700$4,088,891
84$5,855,514$1,579,838$950,866$4,372,375
85$6,357,199$1,561,672$887,143$4,682,549
86$6,907,045$1,539,606$818,274$5,022,145
87$7,509,870$1,513,353$743,992$5,394,178
88$8,170,979$1,482,610$664,019$5,801,971
89$8,896,218$1,447,056$578,062$6,249,194
90$9,692,022$1,406,352$485,817$6,739,894
91$10,565,483$1,360,138$386,966$7,278,533
92$11,524,410$1,308,033$281,178$7,870,038
93$12,577,407$1,249,634$168,105$8,519,841
94$13,733,951$1,184,515$47,385$9,233,933
95$15,004,483$1,112,225$0$10,018,924
96$16,400,504$1,032,287$0$10,897,746
97$17,934,684$944,197$0$11,873,526
98$19,620,982$847,424$0$12,946,101
99$21,474,777$741,402$0$14,125,332
100$23,513,011$625,538$0$15,422,092