Can I retire at age 66 with 1,450,000?

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 $1,450,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.6%
1 years$119,740$118,673$117,632$116,617$115,625$111,611
2 years$59,277$58,173$57,103$56,066$55,060$51,057
3 years$39,125$38,017$36,950$35,922$34,932$31,067
4 years$29,052$27,946$26,890$25,880$24,914$21,216
5 years$23,009$21,910$20,868$19,878$18,939$15,417
6 years$18,982$17,891$16,864$15,897$14,986$11,643
7 years$16,106$15,025$14,014$13,070$12,188$9,024
8 years$13,951$12,879$11,885$10,964$10,111$7,123
9 years$12,275$11,214$10,237$9,339$8,515$5,699
10 years$10,935$9,884$8,925$8,050$7,255$4,607
11 years$9,840$8,799$7,857$7,006$6,239$3,754
12 years$8,928$7,898$6,973$6,145$5,407$3,078
13 years$8,156$7,137$6,230$5,425$4,715$2,536
14 years$7,496$6,488$5,598$4,816$4,133$2,098
15 years$6,924$5,927$5,054$4,295$3,639$1,742
16 years$6,424$5,438$4,582$3,846$3,216$1,449
17 years$5,983$5,008$4,169$3,455$2,852$1,209
18 years$5,592$4,627$3,806$3,114$2,536$1,010
19 years$5,242$4,289$3,484$2,814$2,260$845
20 years$4,928$3,985$3,198$2,548$2,019$708
21 years$4,644$3,712$2,941$2,313$1,807$594
22 years$4,386$3,465$2,711$2,103$1,619$498
23 years$4,151$3,241$2,503$1,915$1,454$419
24 years$3,936$3,036$2,315$1,747$1,307$352
25 years$3,738$2,850$2,144$1,595$1,176$296
26 years$3,556$2,678$1,989$1,459$1,059$249
27 years$3,388$2,520$1,846$1,335$955$210
28 years$3,232$2,375$1,717$1,223$862$176
29 years$3,087$2,241$1,597$1,122$778$149
30 years$2,952$2,116$1,488$1,029$703$125
31 years$2,825$2,000$1,387$945$635$105
32 years$2,707$1,893$1,294$869$575$89
33 years$2,597$1,792$1,208$799$520$75
34 years$2,493$1,699$1,129$735$471$63
35 years$2,395$1,611$1,056$677$427$53
36 years$2,303$1,529$988$623$387$45
37 years$2,216$1,453$924$574$350$38
38 years$2,134$1,380$866$529$318$32
39 years$2,056$1,313$811$488$288$27
40 years$1,982$1,249$760$450$261$23
41 years$1,912$1,189$713$415$237$19
42 years$1,846$1,132$669$383$215$16
43 years$1,783$1,079$627$354$195$14
44 years$1,723$1,028$589$327$177$11
45 years$1,666$981$553$302$161$10
46 years$1,611$935$519$279$146$8
47 years$1,559$893$488$257$133$7
48 years$1,509$852$458$238$120$6
49 years$1,461$814$431$220$109$5
50 years$1,416$777$405$203$99$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $1,450,000, adding $5,493 every year, while hoping to spend $45,595 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: 54/26/20 Blend
65$1,450,000$1,450,000$1,450,000$1,450,000
66$1,603,566$1,526,716$1,504,241$1,681,151
67$1,718,617$1,553,012$1,506,120$1,761,213
68$1,843,875$1,579,069$1,506,535$1,843,058
69$1,980,333$1,604,826$1,505,386$1,931,167
70$2,129,084$1,630,220$1,502,574$2,026,151
71$2,291,330$1,655,180$1,497,990$2,128,686
72$2,468,396$1,679,634$1,491,522$2,239,515
73$2,661,737$1,703,501$1,483,053$2,359,461
74$2,872,959$1,726,697$1,472,460$2,489,429
75$3,103,827$1,749,131$1,459,613$2,630,419
76$3,356,285$1,770,706$1,444,378$2,783,532
77$3,632,473$1,791,318$1,426,612$2,949,986
78$3,934,749$1,810,856$1,406,167$3,131,123
79$4,265,707$1,829,202$1,382,887$3,328,421
80$4,628,206$1,846,230$1,356,611$3,543,515
81$5,025,393$1,861,805$1,327,167$3,778,206
82$5,460,734$1,875,784$1,294,378$4,034,479
83$5,938,046$1,888,015$1,258,057$4,314,528
84$6,461,534$1,898,335$1,218,009$4,620,769
85$7,035,829$1,906,572$1,174,031$4,955,869
86$7,666,031$1,912,541$1,125,909$5,322,771
87$8,357,759$1,916,049$1,073,420$5,724,717
88$9,117,202$1,916,887$1,016,331$6,165,286
89$9,951,177$1,914,835$954,398$6,648,425
90$10,867,194$1,909,659$887,368$7,178,487
91$11,873,527$1,901,110$814,973$7,760,272
92$12,979,288$1,888,926$736,936$8,399,075
93$14,194,519$1,872,827$652,967$9,100,735
94$15,530,281$1,852,517$562,762$9,871,690
95$16,998,760$1,827,680$466,005$10,719,042
96$18,613,382$1,797,985$362,365$11,650,621
97$20,388,939$1,763,079$251,496$12,675,063
98$22,341,728$1,722,587$133,039$13,801,888
99$24,489,705$1,676,114$6,616$15,041,598
100$26,852,653$1,623,242$0$16,405,768