Can I retire at age 66 with 1,430,000?

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 $1,430,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.7%
1 years$118,088$117,036$116,010$115,008$114,030$111,364
2 years$58,459$57,371$56,316$55,292$54,300$51,629
3 years$38,586$37,492$36,440$35,426$34,450$31,858
4 years$28,651$27,561$26,519$25,523$24,570$22,076
5 years$22,692$21,608$20,580$19,604$18,678$16,290
6 years$18,720$17,645$16,631$15,677$14,779$12,499
7 years$15,884$14,818$13,821$12,889$12,019$9,848
8 years$13,758$12,702$11,721$10,812$9,971$7,907
9 years$12,106$11,059$10,095$9,210$8,397$6,439
10 years$10,785$9,748$8,801$7,939$7,155$5,300
11 years$9,704$8,678$7,749$6,909$6,153$4,400
12 years$8,805$7,789$6,877$6,060$5,332$3,677
13 years$8,044$7,039$6,144$5,350$4,650$3,090
14 years$7,393$6,398$5,520$4,749$4,076$2,608
15 years$6,828$5,845$4,984$4,236$3,589$2,210
16 years$6,335$5,363$4,519$3,793$3,172$1,878
17 years$5,901$4,939$4,112$3,408$2,812$1,600
18 years$5,515$4,564$3,754$3,071$2,501$1,366
19 years$5,170$4,230$3,436$2,775$2,229$1,168
20 years$4,860$3,930$3,154$2,513$1,991$1,000
21 years$4,580$3,661$2,901$2,281$1,782$858
22 years$4,326$3,417$2,674$2,074$1,597$737
23 years$4,094$3,196$2,469$1,889$1,434$633
24 years$3,882$2,995$2,283$1,723$1,289$544
25 years$3,687$2,810$2,114$1,573$1,159$469
26 years$3,507$2,641$1,961$1,438$1,044$404
27 years$3,341$2,486$1,821$1,317$942$348
28 years$3,187$2,342$1,693$1,206$850$300
29 years$3,044$2,210$1,575$1,106$767$258
30 years$2,911$2,087$1,467$1,015$693$223
31 years$2,786$1,973$1,368$932$627$192
32 years$2,670$1,867$1,276$857$567$166
33 years$2,561$1,768$1,192$788$513$143
34 years$2,458$1,675$1,114$725$465$124
35 years$2,362$1,589$1,041$667$421$107
36 years$2,271$1,508$974$615$381$92
37 years$2,185$1,432$912$566$346$80
38 years$2,104$1,361$854$522$313$69
39 years$2,028$1,295$800$481$284$59
40 years$1,955$1,232$750$444$258$51
41 years$1,886$1,172$703$410$234$44
42 years$1,821$1,117$659$378$212$38
43 years$1,758$1,064$619$349$192$33
44 years$1,699$1,014$581$322$175$29
45 years$1,643$967$545$298$159$25
46 years$1,589$922$512$275$144$21
47 years$1,537$880$481$254$131$18
48 years$1,488$840$452$235$119$16
49 years$1,441$803$425$217$108$14
50 years$1,396$767$400$200$98$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $1,430,000, adding $6,997 every year, while hoping to spend $20,336 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: 69/13/18 Blend
65$1,430,000$1,430,000$1,430,000$1,430,000
66$1,583,077$1,507,287$1,485,122$1,684,969
67$1,722,914$1,559,507$1,513,237$1,806,038
68$1,876,332$1,613,604$1,541,611$1,935,406
69$2,044,696$1,669,649$1,570,233$2,076,452
70$2,229,508$1,727,714$1,599,089$2,230,326
71$2,432,423$1,787,877$1,628,163$2,398,293
72$2,655,263$1,850,216$1,657,440$2,581,748
73$2,900,037$1,914,814$1,686,901$2,782,225
74$3,168,957$1,981,756$1,716,529$3,001,415
75$3,464,460$2,051,132$1,746,302$3,241,179
76$3,789,231$2,123,033$1,776,199$3,503,568
77$4,146,228$2,197,557$1,806,197$3,790,839
78$4,538,709$2,274,803$1,836,270$4,105,479
79$4,970,264$2,354,875$1,866,392$4,450,227
80$5,444,849$2,437,882$1,896,534$4,828,101
81$5,966,821$2,523,936$1,926,666$5,242,423
82$6,540,983$2,613,155$1,956,755$5,696,855
83$7,172,623$2,705,660$1,986,767$6,195,430
84$7,867,572$2,801,578$2,016,664$6,742,590
85$8,632,250$2,901,042$2,046,409$7,343,229
86$9,473,735$3,004,188$2,075,958$8,002,739
87$10,399,822$3,111,159$2,105,269$8,727,060
88$11,419,103$3,222,105$2,134,295$9,522,735
89$12,541,044$3,337,180$2,162,986$10,396,974
90$13,776,073$3,456,545$2,191,289$11,357,721
91$15,135,685$3,580,368$2,219,150$12,413,726
92$16,632,543$3,708,824$2,246,509$13,574,632
93$18,280,600$3,842,094$2,273,305$14,851,063
94$20,095,232$3,980,368$2,299,471$16,254,724
95$22,093,382$4,123,842$2,324,940$17,798,512
96$24,293,720$4,272,723$2,349,638$19,496,636
97$26,716,816$4,427,223$2,373,488$21,364,754
98$29,385,340$4,587,566$2,396,408$23,420,119
99$32,324,270$4,753,983$2,418,314$25,681,740
100$35,561,133$4,926,715$2,439,114$28,170,563