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

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 $1,410,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.5%
1 years$116,436$115,399$114,387$113,400$112,435$109,451
2 years$57,642$56,568$55,528$54,519$53,541$50,555
3 years$38,046$36,968$35,930$34,931$33,968$31,074
4 years$28,250$27,175$26,148$25,166$24,227$21,447
5 years$22,374$21,306$20,292$19,330$18,417$15,759
6 years$18,458$17,398$16,399$15,458$14,572$12,039
7 years$15,662$14,611$13,628$12,709$11,851$9,442
8 years$13,566$12,524$11,557$10,661$9,832$7,546
9 years$11,937$10,904$9,954$9,081$8,280$6,115
10 years$10,634$9,612$8,678$7,828$7,055$5,009
11 years$9,569$8,557$7,640$6,813$6,067$4,137
12 years$8,681$7,680$6,781$5,976$5,258$3,440
13 years$7,931$6,941$6,058$5,276$4,585$2,875
14 years$7,289$6,309$5,443$4,683$4,019$2,413
15 years$6,733$5,763$4,914$4,176$3,539$2,033
16 years$6,247$5,288$4,456$3,740$3,128$1,718
17 years$5,818$4,870$4,054$3,360$2,773$1,455
18 years$5,438$4,500$3,701$3,028$2,466$1,235
19 years$5,098$4,170$3,388$2,736$2,198$1,050
20 years$4,792$3,875$3,110$2,478$1,963$894
21 years$4,516$3,610$2,860$2,249$1,757$762
22 years$4,265$3,370$2,636$2,045$1,575$650
23 years$4,037$3,151$2,434$1,862$1,414$555
24 years$3,827$2,953$2,251$1,698$1,270$474
25 years$3,635$2,771$2,085$1,551$1,143$406
26 years$3,458$2,604$1,934$1,418$1,030$347
27 years$3,294$2,451$1,796$1,298$928$297
28 years$3,143$2,309$1,669$1,189$838$254
29 years$3,002$2,179$1,553$1,091$756$218
30 years$2,870$2,058$1,447$1,001$684$187
31 years$2,747$1,945$1,349$919$618$160
32 years$2,633$1,840$1,259$845$559$137
33 years$2,525$1,743$1,175$777$506$118
34 years$2,424$1,652$1,098$715$458$101
35 years$2,329$1,567$1,026$658$415$87
36 years$2,239$1,487$960$606$376$74
37 years$2,155$1,412$899$558$341$64
38 years$2,075$1,342$842$515$309$55
39 years$1,999$1,276$789$475$280$47
40 years$1,928$1,214$739$438$254$40
41 years$1,860$1,156$693$404$230$35
42 years$1,795$1,101$650$373$209$30
43 years$1,734$1,049$610$344$190$25
44 years$1,675$1,000$573$318$172$22
45 years$1,620$953$538$293$156$19
46 years$1,566$910$505$271$142$16
47 years$1,516$868$474$250$129$14
48 years$1,467$829$446$231$117$12
49 years$1,421$791$419$214$106$10
50 years$1,377$756$394$198$97$9

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 $6,216 every year, while hoping to spend $32,156 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: 55/28/17 Blend
65$1,410,000$1,410,000$1,410,000$1,410,000
66$1,560,232$1,485,502$1,463,647$1,638,649
67$1,685,162$1,524,078$1,478,465$1,731,371
68$1,821,757$1,563,466$1,492,702$1,828,313
69$1,971,173$1,603,673$1,506,305$1,933,158
70$2,134,683$1,644,703$1,519,216$2,046,667
71$2,313,688$1,686,561$1,531,377$2,169,683
72$2,509,731$1,729,249$1,542,726$2,303,129
73$2,724,512$1,772,771$1,553,196$2,448,026
74$2,959,903$1,817,128$1,562,718$2,605,496
75$3,217,965$1,862,318$1,571,221$2,776,775
76$3,500,967$1,908,342$1,578,627$2,963,227
77$3,811,412$1,955,197$1,584,857$3,166,351
78$4,152,052$2,002,877$1,589,825$3,387,802
79$4,525,921$2,051,378$1,593,445$3,629,400
80$4,936,361$2,100,692$1,595,621$3,893,153
81$5,387,054$2,150,810$1,596,258$4,181,272
82$5,882,053$2,201,719$1,595,253$4,496,193
83$6,425,826$2,253,407$1,592,497$4,840,601
84$7,023,293$2,305,857$1,587,879$5,217,454
85$7,679,877$2,359,052$1,581,281$5,630,012
86$8,401,548$2,412,969$1,572,578$6,081,867
87$9,194,888$2,467,586$1,561,640$6,576,977
88$10,067,143$2,522,875$1,548,332$7,119,704
89$11,026,302$2,578,806$1,532,512$7,714,855
90$12,081,163$2,635,346$1,514,029$8,367,726
91$13,241,420$2,692,456$1,492,727$9,084,156
92$14,517,755$2,750,096$1,468,443$9,870,578
93$15,921,935$2,808,221$1,441,006$10,734,080
94$17,466,929$2,866,779$1,410,236$11,682,476
95$19,167,021$2,925,718$1,375,944$12,724,377
96$21,037,955$2,984,975$1,337,936$13,869,271
97$23,097,075$3,044,488$1,296,005$15,127,617
98$25,363,492$3,104,183$1,249,937$16,510,938
99$27,858,265$3,163,985$1,199,507$18,031,938
100$30,604,598$3,223,810$1,144,480$19,704,614