Can I retire at age 66 with 1,480,000?

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 $1,480,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$122,217$121,128$120,066$119,030$118,017$117,520
2 years$60,503$59,377$58,285$57,226$56,199$55,697
3 years$39,935$38,803$37,714$36,665$35,655$35,164
4 years$29,653$28,525$27,446$26,415$25,429$24,953
5 years$23,485$22,364$21,299$20,289$19,331$18,870
6 years$19,375$18,262$17,213$16,226$15,296$14,852
7 years$16,440$15,336$14,304$13,340$12,440$12,012
8 years$14,239$13,146$12,131$11,191$10,320$9,909
9 years$12,529$11,446$10,448$9,532$8,691$8,297
10 years$11,162$10,089$9,109$8,217$7,405$7,028
11 years$10,044$8,982$8,020$7,151$6,369$6,008
12 years$9,112$8,061$7,117$6,272$5,519$5,174
13 years$8,325$7,285$6,359$5,537$4,813$4,484
14 years$7,651$6,622$5,713$4,916$4,219$3,905
15 years$7,067$6,049$5,158$4,384$3,714$3,416
16 years$6,557$5,550$4,677$3,925$3,283$2,999
17 years$6,107$5,111$4,256$3,527$2,911$2,641
18 years$5,708$4,723$3,885$3,178$2,588$2,332
19 years$5,351$4,377$3,556$2,872$2,307$2,064
20 years$5,030$4,068$3,264$2,601$2,061$1,830
21 years$4,740$3,789$3,002$2,361$1,844$1,626
22 years$4,477$3,537$2,767$2,146$1,653$1,447
23 years$4,237$3,308$2,555$1,955$1,484$1,289
24 years$4,017$3,099$2,363$1,783$1,334$1,150
25 years$3,816$2,909$2,188$1,628$1,200$1,027
26 years$3,630$2,734$2,030$1,489$1,081$918
27 years$3,458$2,573$1,885$1,363$975$821
28 years$3,299$2,424$1,752$1,248$879$735
29 years$3,151$2,287$1,630$1,145$794$659
30 years$3,013$2,160$1,519$1,051$717$590
31 years$2,884$2,042$1,416$965$649$530
32 years$2,763$1,932$1,321$887$587$475
33 years$2,650$1,829$1,233$816$531$427
34 years$2,544$1,734$1,152$750$481$383
35 years$2,445$1,645$1,077$691$435$344
36 years$2,351$1,561$1,008$636$395$309
37 years$2,262$1,483$943$586$358$278
38 years$2,178$1,409$883$540$324$250
39 years$2,099$1,340$828$498$294$225
40 years$2,023$1,275$776$459$267$202
41 years$1,952$1,213$727$424$242$182
42 years$1,884$1,156$682$391$220$163
43 years$1,820$1,101$640$361$199$147
44 years$1,758$1,050$601$333$181$132
45 years$1,700$1,001$564$308$164$119
46 years$1,644$955$530$284$149$107
47 years$1,591$911$498$263$135$97
48 years$1,540$870$468$243$123$87
49 years$1,492$831$440$224$112$78
50 years$1,445$793$414$207$101$70

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $1,480,000, adding $6,068 every year, while hoping to spend $27,079 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: 83/10/7 Blend
65$1,480,000$1,480,000$1,480,000$1,480,000
66$1,637,219$1,558,779$1,535,839$1,771,550
67$1,775,404$1,606,347$1,558,478$1,907,793
68$1,926,775$1,655,339$1,580,967$2,053,096
69$2,092,651$1,705,795$1,603,274$2,211,808
70$2,274,480$1,757,758$1,625,363$2,385,258
71$2,473,860$1,811,271$1,647,195$2,574,907
72$2,692,549$1,866,378$1,668,731$2,782,366
73$2,932,484$1,923,126$1,689,929$3,009,409
74$3,195,800$1,981,562$1,710,744$3,257,990
75$3,484,846$2,041,733$1,731,129$3,530,259
76$3,802,212$2,103,689$1,751,033$3,828,587
77$4,150,749$2,167,482$1,770,404$4,155,584
78$4,533,599$2,233,162$1,789,187$4,514,124
79$4,954,224$2,300,785$1,807,322$4,907,376
80$5,416,436$2,370,404$1,824,748$5,338,827
81$5,924,435$2,442,076$1,841,400$5,812,321
82$6,482,849$2,515,859$1,857,208$6,332,092
83$7,096,775$2,591,813$1,872,101$6,902,804
84$7,771,832$2,669,997$1,886,002$7,529,596
85$8,514,207$2,750,475$1,898,831$8,218,128
86$9,330,718$2,833,310$1,910,504$8,974,637
87$10,228,877$2,918,568$1,920,931$9,805,996
88$11,216,960$3,006,316$1,930,021$10,719,774
89$12,304,088$3,096,623$1,937,674$11,724,313
90$13,500,307$3,189,560$1,943,788$12,828,802
91$14,816,688$3,285,198$1,948,255$14,043,369
92$16,265,429$3,383,612$1,950,960$15,379,170
93$17,859,971$3,484,877$1,951,786$16,848,498
94$19,615,124$3,589,072$1,950,607$18,464,898
95$21,547,206$3,696,276$1,947,291$20,243,294
96$23,674,197$3,806,570$1,941,702$22,200,132
97$26,015,911$3,920,037$1,933,694$24,353,532
98$28,594,178$4,036,763$1,923,117$26,723,461
99$31,433,054$4,156,834$1,909,812$29,331,919
100$34,559,048$4,280,341$1,893,612$32,203,149