Can I retire at age 66 with 1,510,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $1,510,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$124,694$123,584$122,500$121,442$120,410$119,801
2 years$61,730$60,580$59,466$58,386$57,338$56,724
3 years$40,744$39,590$38,478$37,408$36,377$35,777
4 years$30,254$29,103$28,002$26,951$25,945$25,362
5 years$23,961$22,817$21,731$20,701$19,723$19,160
6 years$19,767$18,632$17,562$16,554$15,606$15,064
7 years$16,773$15,647$14,594$13,610$12,692$12,170
8 years$14,528$13,412$12,377$11,417$10,529$10,028
9 years$12,783$11,678$10,660$9,725$8,867$8,387
10 years$11,388$10,293$9,294$8,383$7,555$7,096
11 years$10,247$9,164$8,182$7,296$6,498$6,058
12 years$9,297$8,225$7,261$6,399$5,631$5,211
13 years$8,494$7,433$6,488$5,650$4,910$4,510
14 years$7,806$6,756$5,829$5,015$4,304$3,923
15 years$7,211$6,172$5,263$4,473$3,790$3,427
16 years$6,690$5,663$4,772$4,005$3,349$3,004
17 years$6,231$5,215$4,342$3,598$2,970$2,642
18 years$5,823$4,819$3,964$3,243$2,641$2,330
19 years$5,459$4,466$3,629$2,930$2,354$2,059
20 years$5,132$4,150$3,330$2,654$2,102$1,824
21 years$4,836$3,866$3,063$2,408$1,881$1,618
22 years$4,568$3,608$2,823$2,190$1,686$1,437
23 years$4,323$3,375$2,607$1,994$1,514$1,279
24 years$4,099$3,162$2,411$1,819$1,361$1,139
25 years$3,893$2,967$2,233$1,661$1,224$1,016
26 years$3,703$2,789$2,071$1,519$1,103$906
27 years$3,528$2,625$1,923$1,390$994$810
28 years$3,365$2,473$1,788$1,274$897$724
29 years$3,214$2,333$1,664$1,168$810$647
30 years$3,074$2,204$1,549$1,072$732$579
31 years$2,942$2,083$1,445$985$662$519
32 years$2,819$1,971$1,348$905$599$465
33 years$2,704$1,867$1,258$832$542$416
34 years$2,596$1,769$1,176$766$491$373
35 years$2,494$1,678$1,099$705$444$335
36 years$2,398$1,593$1,028$649$403$300
37 years$2,308$1,513$963$598$365$269
38 years$2,222$1,438$901$551$331$242
39 years$2,141$1,367$844$508$300$217
40 years$2,064$1,301$792$469$272$195
41 years$1,992$1,238$742$433$247$175
42 years$1,922$1,179$696$399$224$157
43 years$1,857$1,123$653$368$203$141
44 years$1,794$1,071$613$340$184$127
45 years$1,734$1,021$576$314$167$114
46 years$1,678$974$541$290$152$102
47 years$1,623$930$508$268$138$92
48 years$1,571$887$477$248$125$83
49 years$1,522$847$449$229$114$74
50 years$1,474$809$422$212$103$67

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $1,510,000, adding $6,650 every year, while hoping to spend $21,203 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: 43/36/21 Blend
65$1,510,000$1,510,000$1,510,000$1,510,000
66$1,670,879$1,590,849$1,567,444$1,732,252
67$1,818,749$1,646,241$1,597,394$1,831,756
68$1,980,991$1,703,637$1,627,636$1,936,923
69$2,159,049$1,763,111$1,658,159$2,050,432
70$2,354,512$1,824,744$1,688,947$2,173,063
71$2,569,133$1,888,617$1,719,988$2,305,675
72$2,804,841$1,954,815$1,751,263$2,449,209
73$3,063,761$2,023,427$1,782,757$2,604,704
74$3,348,234$2,094,546$1,814,449$2,773,299
75$3,660,841$2,168,266$1,846,320$2,956,248
76$4,004,424$2,244,687$1,878,349$3,154,931
77$4,382,112$2,323,914$1,910,510$3,370,866
78$4,797,355$2,406,054$1,942,780$3,605,723
79$5,253,954$2,491,219$1,975,132$3,861,339
80$5,756,095$2,579,526$2,007,536$4,139,735
81$6,308,390$2,671,096$2,039,963$4,443,137
82$6,915,923$2,766,057$2,072,378$4,773,994
83$7,584,293$2,864,539$2,104,748$5,135,001
84$8,319,669$2,966,680$2,137,035$5,529,126
85$9,128,849$3,072,621$2,169,200$5,959,635
86$10,019,323$3,182,511$2,201,201$6,430,125
87$10,999,346$3,296,506$2,232,992$6,944,555
88$12,078,009$3,414,764$2,264,527$7,507,284
89$13,265,332$3,537,454$2,295,755$8,123,113
90$14,572,357$3,664,750$2,326,624$8,797,327
91$16,011,248$3,796,834$2,357,076$9,535,749
92$17,595,410$3,933,893$2,387,053$10,344,787
93$19,339,613$4,076,125$2,416,491$11,231,503
94$21,260,133$4,223,735$2,445,323$12,203,671
95$23,374,905$4,376,937$2,473,479$13,269,855
96$25,703,690$4,535,951$2,500,886$14,439,488
97$28,268,264$4,701,011$2,527,463$15,722,958
98$31,092,623$4,872,356$2,553,129$17,131,709
99$34,203,208$5,050,239$2,577,796$18,678,348
100$37,629,155$5,234,921$2,601,372$20,376,758