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%13.2%
1 years$120,565$119,492$118,444$117,421$116,422$114,872
2 years$59,686$58,574$57,497$56,452$55,439$53,880
3 years$39,395$38,279$37,204$36,170$35,173$33,653
4 years$29,252$28,139$27,075$26,058$25,086$23,617
5 years$23,168$22,061$21,011$20,015$19,070$17,656
6 years$19,113$18,015$16,980$16,006$15,089$13,733
7 years$16,217$15,129$14,111$13,160$12,272$10,973
8 years$14,047$12,968$11,967$11,039$10,180$8,939
9 years$12,360$11,291$10,307$9,403$8,573$7,389
10 years$11,011$9,953$8,986$8,106$7,305$6,176
11 years$9,908$8,860$7,911$7,054$6,283$5,209
12 years$8,989$7,952$7,021$6,188$5,444$4,424
13 years$8,213$7,187$6,273$5,463$4,748$3,780
14 years$7,548$6,532$5,636$4,849$4,162$3,245
15 years$6,972$5,968$5,089$4,325$3,664$2,796
16 years$6,468$5,475$4,614$3,872$3,238$2,418
17 years$6,025$5,042$4,198$3,479$2,871$2,097
18 years$5,631$4,659$3,832$3,135$2,553$1,823
19 years$5,279$4,318$3,508$2,833$2,276$1,588
20 years$4,962$4,013$3,220$2,566$2,033$1,386
21 years$4,676$3,738$2,962$2,329$1,819$1,212
22 years$4,416$3,489$2,730$2,117$1,631$1,061
23 years$4,180$3,263$2,520$1,928$1,464$929
24 years$3,963$3,057$2,331$1,759$1,316$815
25 years$3,764$2,869$2,159$1,606$1,184$716
26 years$3,581$2,697$2,002$1,469$1,066$629
27 years$3,411$2,538$1,859$1,344$961$553
28 years$3,254$2,391$1,728$1,232$867$486
29 years$3,108$2,256$1,608$1,129$783$428
30 years$2,972$2,131$1,498$1,037$708$377
31 years$2,845$2,014$1,397$952$640$332
32 years$2,726$1,906$1,303$875$579$292
33 years$2,615$1,805$1,217$805$524$258
34 years$2,510$1,710$1,137$740$474$227
35 years$2,412$1,622$1,063$681$430$200
36 years$2,319$1,540$994$628$389$177
37 years$2,231$1,463$931$578$353$156
38 years$2,149$1,390$872$533$320$138
39 years$2,070$1,322$817$491$290$121
40 years$1,996$1,257$765$453$263$107
41 years$1,926$1,197$718$418$239$95
42 years$1,859$1,140$673$386$217$83
43 years$1,795$1,086$632$356$197$74
44 years$1,735$1,035$593$329$178$65
45 years$1,677$987$557$304$162$57
46 years$1,622$942$523$281$147$51
47 years$1,570$899$491$259$134$45
48 years$1,519$858$462$240$121$40
49 years$1,471$819$434$221$110$35
50 years$1,425$783$408$205$100$31

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 $4,615 every year, while hoping to spend $59,007 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: 28/48/24 Blend
65$1,460,000$1,460,000$1,460,000$1,460,000
66$1,613,680$1,536,300$1,513,670$1,646,640
67$1,715,493$1,548,796$1,501,595$1,685,412
68$1,825,712$1,559,926$1,487,138$1,721,559
69$1,945,134$1,569,562$1,470,157$1,759,170
70$2,074,633$1,577,566$1,450,502$1,798,410
71$2,215,171$1,583,791$1,428,019$1,839,462
72$2,367,804$1,588,083$1,402,543$1,882,535
73$2,533,696$1,590,275$1,373,905$1,927,863
74$2,714,127$1,590,193$1,341,925$1,975,706
75$2,910,505$1,587,650$1,306,416$2,026,360
76$3,124,379$1,582,447$1,267,184$2,080,154
77$3,357,454$1,574,375$1,224,022$2,137,459
78$3,611,606$1,563,211$1,176,718$2,198,687
79$3,888,899$1,548,717$1,125,048$2,264,302
80$4,191,607$1,530,645$1,068,777$2,334,821
81$4,522,232$1,508,727$1,007,662$2,410,821
82$4,883,527$1,482,682$941,446$2,492,948
83$5,278,525$1,452,212$869,863$2,581,920
84$5,710,564$1,417,000$792,633$2,678,539
85$6,183,321$1,376,713$709,466$2,783,700
86$6,700,843$1,330,995$620,056$2,898,398
87$7,267,588$1,279,472$524,086$3,023,739
88$7,888,462$1,221,747$421,224$3,160,958
89$8,568,873$1,157,400$311,122$3,311,424
90$9,314,773$1,085,987$193,420$3,476,661
91$10,132,719$1,007,039$67,738$3,658,363
92$11,029,932$920,060$0$3,858,411
93$12,014,366$824,525$0$4,095,893
94$13,094,784$719,879$0$4,375,742
95$14,280,835$605,536$0$4,683,278
96$15,583,150$480,877$0$5,021,467
97$17,013,441$345,249$0$5,393,592
98$18,584,606$197,961$0$5,803,286
99$20,310,858$38,283$0$6,254,565
100$22,207,851$0$0$6,751,871