Can I retire at age 66 with 1,500,000?

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 $1,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.9%
1 years$123,869$122,765$121,689$120,638$119,612$115,783
2 years$61,321$60,179$59,072$57,999$56,958$53,136
3 years$40,475$39,328$38,224$37,161$36,137$32,441
4 years$30,053$28,910$27,817$26,772$25,773$22,232
5 years$23,802$22,666$21,587$20,564$19,592$16,216
6 years$19,636$18,508$17,446$16,445$15,503$12,294
7 years$16,662$15,543$14,497$13,520$12,608$9,566
8 years$14,432$13,323$12,295$11,342$10,459$7,582
9 years$12,698$11,600$10,590$9,661$8,808$6,093
10 years$11,312$10,225$9,232$8,328$7,505$4,947
11 years$10,179$9,103$8,128$7,247$6,455$4,049
12 years$9,236$8,170$7,213$6,357$5,593$3,335
13 years$8,438$7,384$6,445$5,612$4,878$2,761
14 years$7,754$6,711$5,791$4,982$4,276$2,296
15 years$7,163$6,131$5,228$4,443$3,765$1,915
16 years$6,646$5,625$4,740$3,978$3,327$1,602
17 years$6,190$5,181$4,313$3,574$2,950$1,343
18 years$5,785$4,787$3,937$3,221$2,623$1,128
19 years$5,423$4,437$3,605$2,911$2,338$949
20 years$5,098$4,123$3,308$2,636$2,088$799
21 years$4,804$3,840$3,043$2,393$1,869$674
22 years$4,537$3,585$2,804$2,175$1,675$569
23 years$4,294$3,353$2,589$1,981$1,504$480
24 years$4,072$3,141$2,395$1,807$1,352$406
25 years$3,867$2,948$2,218$1,650$1,216$343
26 years$3,679$2,770$2,057$1,509$1,096$291
27 years$3,505$2,607$1,910$1,381$988$246
28 years$3,343$2,457$1,776$1,265$891$208
29 years$3,193$2,318$1,652$1,160$805$176
30 years$3,053$2,189$1,539$1,065$727$149
31 years$2,923$2,069$1,435$978$657$127
32 years$2,801$1,958$1,339$899$595$107
33 years$2,686$1,854$1,250$827$538$91
34 years$2,579$1,757$1,168$761$487$77
35 years$2,478$1,667$1,092$700$441$65
36 years$2,382$1,582$1,022$645$400$55
37 years$2,292$1,503$956$594$362$47
38 years$2,207$1,428$895$548$329$40
39 years$2,127$1,358$839$505$298$34
40 years$2,051$1,292$786$466$270$29
41 years$1,978$1,230$737$430$245$24
42 years$1,910$1,171$692$397$222$21
43 years$1,844$1,116$649$366$202$17
44 years$1,782$1,064$609$338$183$15
45 years$1,723$1,014$572$312$166$13
46 years$1,666$968$537$288$151$11
47 years$1,613$923$505$266$137$9
48 years$1,561$882$474$246$125$8
49 years$1,512$842$446$227$113$6
50 years$1,465$804$419$210$103$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $1,500,000, adding $4,098 every year, while hoping to spend $42,176 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: 63/28/9 Blend
65$1,500,000$1,500,000$1,500,000$1,500,000
66$1,657,227$1,577,727$1,554,477$1,758,204
67$1,781,389$1,610,161$1,561,677$1,858,578
68$1,916,803$1,642,770$1,567,705$1,962,843
69$2,064,570$1,675,519$1,572,476$2,075,613
70$2,225,905$1,708,369$1,575,904$2,197,711
71$2,402,146$1,741,277$1,577,894$2,330,044
72$2,594,762$1,774,198$1,578,352$2,473,612
73$2,805,375$1,807,080$1,577,174$2,629,514
74$3,035,768$1,839,872$1,574,253$2,798,964
75$3,287,904$1,872,513$1,569,479$2,983,298
76$3,563,947$1,904,943$1,562,733$3,183,988
77$3,866,277$1,937,093$1,553,892$3,402,656
78$4,197,518$1,968,891$1,542,828$3,641,090
79$4,560,556$2,000,259$1,529,404$3,901,259
80$4,958,574$2,031,112$1,513,481$4,185,334
81$5,395,074$2,061,362$1,494,908$4,495,707
82$5,873,915$2,090,912$1,473,531$4,835,015
83$6,399,347$2,119,660$1,449,186$5,206,163
84$6,976,051$2,147,494$1,421,705$5,612,353
85$7,609,185$2,174,297$1,390,908$6,057,114
86$8,304,427$2,199,943$1,356,609$6,544,336
87$9,068,036$2,224,297$1,318,612$7,078,304
88$9,906,904$2,247,217$1,276,715$7,663,745
89$10,828,626$2,268,548$1,230,702$8,305,864
90$11,841,567$2,288,128$1,180,352$9,010,403
91$12,954,943$2,305,782$1,125,430$9,783,686
92$14,178,907$2,321,326$1,065,692$10,632,685
93$15,524,647$2,334,562$1,000,884$11,565,087
94$17,004,486$2,345,281$930,739$12,589,360
95$18,632,003$2,353,259$854,978$13,714,841
96$20,422,159$2,358,260$773,311$14,951,820
97$22,391,435$2,360,030$685,433$16,311,637
98$24,557,993$2,358,304$591,026$17,806,794
99$26,941,843$2,352,796$489,761$19,451,068
100$29,565,033$2,343,204$381,289$21,259,645