Can I retire at age 66 with 1,460,000?

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 $1,460,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.6%
1 years$120,565$119,492$118,444$117,421$116,422$113,286
2 years$59,686$58,574$57,497$56,452$55,439$52,302
3 years$39,395$38,279$37,204$36,170$35,173$32,133
4 years$29,252$28,139$27,075$26,058$25,086$22,166
5 years$23,168$22,061$21,011$20,015$19,070$16,279
6 years$19,113$18,015$16,980$16,006$15,089$12,429
7 years$16,217$15,129$14,111$13,160$12,272$9,743
8 years$14,047$12,968$11,967$11,039$10,180$7,782
9 years$12,360$11,291$10,307$9,403$8,573$6,303
10 years$11,011$9,953$8,986$8,106$7,305$5,159
11 years$9,908$8,860$7,911$7,054$6,283$4,258
12 years$8,989$7,952$7,021$6,188$5,444$3,538
13 years$8,213$7,187$6,273$5,463$4,748$2,955
14 years$7,548$6,532$5,636$4,849$4,162$2,479
15 years$6,972$5,968$5,089$4,325$3,664$2,087
16 years$6,468$5,475$4,614$3,872$3,238$1,762
17 years$6,025$5,042$4,198$3,479$2,871$1,491
18 years$5,631$4,659$3,832$3,135$2,553$1,265
19 years$5,279$4,318$3,508$2,833$2,276$1,074
20 years$4,962$4,013$3,220$2,566$2,033$914
21 years$4,676$3,738$2,962$2,329$1,819$778
22 years$4,416$3,489$2,730$2,117$1,631$664
23 years$4,180$3,263$2,520$1,928$1,464$566
24 years$3,963$3,057$2,331$1,759$1,316$484
25 years$3,764$2,869$2,159$1,606$1,184$413
26 years$3,581$2,697$2,002$1,469$1,066$353
27 years$3,411$2,538$1,859$1,344$961$302
28 years$3,254$2,391$1,728$1,232$867$259
29 years$3,108$2,256$1,608$1,129$783$221
30 years$2,972$2,131$1,498$1,037$708$190
31 years$2,845$2,014$1,397$952$640$162
32 years$2,726$1,906$1,303$875$579$139
33 years$2,615$1,805$1,217$805$524$119
34 years$2,510$1,710$1,137$740$474$102
35 years$2,412$1,622$1,063$681$430$87
36 years$2,319$1,540$994$628$389$75
37 years$2,231$1,463$931$578$353$64
38 years$2,149$1,390$872$533$320$55
39 years$2,070$1,322$817$491$290$47
40 years$1,996$1,257$765$453$263$40
41 years$1,926$1,197$718$418$239$35
42 years$1,859$1,140$673$386$217$30
43 years$1,795$1,086$632$356$197$26
44 years$1,735$1,035$593$329$178$22
45 years$1,677$987$557$304$162$19
46 years$1,622$942$523$281$147$16
47 years$1,570$899$491$259$134$14
48 years$1,519$858$462$240$121$12
49 years$1,471$819$434$221$110$10
50 years$1,425$783$408$205$100$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $1,460,000, adding $6,365 every year, while hoping to spend $39,136 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: 55/26/19 Blend
65$1,460,000$1,460,000$1,460,000$1,460,000
66$1,615,485$1,538,105$1,515,475$1,695,741
67$1,738,625$1,571,832$1,524,604$1,784,992
68$1,873,012$1,605,900$1,532,726$1,877,430
69$2,019,754$1,640,284$1,539,767$1,977,233
70$2,180,069$1,674,957$1,545,648$2,085,116
71$2,355,295$1,709,890$1,550,287$2,201,867
72$2,546,910$1,745,049$1,553,597$2,328,356
73$2,756,538$1,780,400$1,555,486$2,465,539
74$2,985,969$1,815,903$1,555,857$2,614,472
75$3,237,171$1,851,515$1,554,612$2,776,316
76$3,512,315$1,887,192$1,551,644$2,952,355
77$3,813,789$1,922,883$1,546,843$3,144,001
78$4,144,226$1,958,534$1,540,092$3,352,811
79$4,506,522$1,994,087$1,531,270$3,580,501
80$4,903,869$2,029,479$1,520,249$3,828,965
81$5,339,782$2,064,642$1,506,896$4,100,288
82$5,818,134$2,099,504$1,491,071$4,396,770
83$6,343,189$2,133,985$1,472,627$4,720,946
84$6,919,645$2,168,001$1,451,411$5,075,609
85$7,552,677$2,201,462$1,427,262$5,463,841
86$8,247,986$2,234,269$1,400,011$5,889,037
87$9,011,852$2,266,320$1,369,484$6,354,942
88$9,851,194$2,297,503$1,335,494$6,865,680
89$10,773,633$2,327,697$1,297,850$7,425,803
90$11,787,565$2,356,776$1,256,350$8,040,324
91$12,902,242$2,384,603$1,210,783$8,714,773
92$14,127,855$2,411,033$1,160,928$9,455,243
93$15,475,632$2,435,909$1,106,555$10,268,453
94$16,957,944$2,459,067$1,047,422$11,161,808
95$18,588,422$2,480,329$983,278$12,143,472
96$20,382,083$2,499,507$913,860$13,222,444
97$22,355,473$2,516,400$838,892$14,408,644
98$24,526,823$2,530,795$758,086$15,713,008
99$26,916,220$2,542,465$671,143$17,147,590
100$29,545,796$2,551,169$577,749$18,725,677