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%14.5%
1 years$122,217$121,128$120,066$119,030$118,017$115,824
2 years$60,503$59,377$58,285$57,226$56,199$53,997
3 years$39,935$38,803$37,714$36,665$35,655$33,514
4 years$29,653$28,525$27,446$26,415$25,429$23,365
5 years$23,485$22,364$21,299$20,289$19,331$17,349
6 years$19,375$18,262$17,213$16,226$15,296$13,399
7 years$16,440$15,336$14,304$13,340$12,440$10,629
8 years$14,239$13,146$12,131$11,191$10,320$8,594
9 years$12,529$11,446$10,448$9,532$8,691$7,049
10 years$11,162$10,089$9,109$8,217$7,405$5,845
11 years$10,044$8,982$8,020$7,151$6,369$4,890
12 years$9,112$8,061$7,117$6,272$5,519$4,119
13 years$8,325$7,285$6,359$5,537$4,813$3,489
14 years$7,651$6,622$5,713$4,916$4,219$2,969
15 years$7,067$6,049$5,158$4,384$3,714$2,536
16 years$6,557$5,550$4,677$3,925$3,283$2,173
17 years$6,107$5,111$4,256$3,527$2,911$1,868
18 years$5,708$4,723$3,885$3,178$2,588$1,608
19 years$5,351$4,377$3,556$2,872$2,307$1,388
20 years$5,030$4,068$3,264$2,601$2,061$1,200
21 years$4,740$3,789$3,002$2,361$1,844$1,038
22 years$4,477$3,537$2,767$2,146$1,653$900
23 years$4,237$3,308$2,555$1,955$1,484$780
24 years$4,017$3,099$2,363$1,783$1,334$678
25 years$3,816$2,909$2,188$1,628$1,200$589
26 years$3,630$2,734$2,030$1,489$1,081$512
27 years$3,458$2,573$1,885$1,363$975$445
28 years$3,299$2,424$1,752$1,248$879$388
29 years$3,151$2,287$1,630$1,145$794$338
30 years$3,013$2,160$1,519$1,051$717$294
31 years$2,884$2,042$1,416$965$649$256
32 years$2,763$1,932$1,321$887$587$223
33 years$2,650$1,829$1,233$816$531$195
34 years$2,544$1,734$1,152$750$481$170
35 years$2,445$1,645$1,077$691$435$148
36 years$2,351$1,561$1,008$636$395$129
37 years$2,262$1,483$943$586$358$113
38 years$2,178$1,409$883$540$324$98
39 years$2,099$1,340$828$498$294$86
40 years$2,023$1,275$776$459$267$75
41 years$1,952$1,213$727$424$242$65
42 years$1,884$1,156$682$391$220$57
43 years$1,820$1,101$640$361$199$50
44 years$1,758$1,050$601$333$181$44
45 years$1,700$1,001$564$308$164$38
46 years$1,644$955$530$284$149$33
47 years$1,591$911$498$263$135$29
48 years$1,540$870$468$243$123$25
49 years$1,492$831$440$224$112$22
50 years$1,445$793$414$207$101$19

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 $3,416 every year, while hoping to spend $45,078 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: 53/39/8 Blend
65$1,480,000$1,480,000$1,480,000$1,480,000
66$1,634,484$1,556,044$1,533,104$1,717,719
67$1,753,238$1,584,327$1,536,500$1,802,836
68$1,882,595$1,612,486$1,538,499$1,890,188
69$2,023,588$1,640,466$1,539,007$1,984,144
70$2,177,355$1,668,209$1,537,924$2,085,335
71$2,345,147$1,695,654$1,535,147$2,194,460
72$2,528,344$1,722,733$1,530,567$2,312,287
73$2,728,463$1,749,375$1,524,069$2,439,665
74$2,947,175$1,775,502$1,515,533$2,577,527
75$3,186,317$1,801,032$1,504,834$2,726,903
76$3,447,916$1,825,878$1,491,841$2,888,929
77$3,734,201$1,849,943$1,476,415$3,064,858
78$4,047,627$1,873,127$1,458,412$3,256,071
79$4,390,897$1,895,323$1,437,681$3,464,088
80$4,766,988$1,916,414$1,414,063$3,690,590
81$5,179,180$1,936,277$1,387,393$3,937,428
82$5,631,083$1,954,781$1,357,498$4,206,642
83$6,126,674$1,971,786$1,324,195$4,500,483
84$6,670,335$1,987,143$1,287,295$4,821,433
85$7,266,888$2,000,693$1,246,599$5,172,229
86$7,921,650$2,012,266$1,201,899$5,555,888
87$8,640,474$2,021,683$1,152,979$5,975,739
88$9,429,809$2,028,752$1,099,610$6,435,451
89$10,296,759$2,033,270$1,041,556$6,939,069
90$11,249,148$2,035,020$978,567$7,491,056
91$12,295,597$2,033,772$910,386$8,096,332
92$13,445,604$2,029,283$836,740$8,760,321
93$14,709,631$2,021,293$757,346$9,489,004
94$16,099,206$2,009,528$671,909$10,288,978
95$17,627,026$1,993,696$580,119$11,167,516
96$19,307,083$1,973,488$481,654$12,132,635
97$21,154,793$1,948,576$376,176$13,193,177
98$23,187,138$1,918,613$263,334$14,358,891
99$25,422,830$1,883,229$142,761$15,640,524
100$27,882,488$1,842,036$14,072$17,049,929