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

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 $1,510,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15%
1 years$124,694$123,584$122,500$121,442$120,410$117,930
2 years$61,730$60,580$59,466$58,386$57,338$54,851
3 years$40,744$39,590$38,478$37,408$36,377$33,961
4 years$30,254$29,103$28,002$26,951$25,945$23,617
5 years$23,961$22,817$21,731$20,701$19,723$17,491
6 years$19,767$18,632$17,562$16,554$15,606$13,472
7 years$16,773$15,647$14,594$13,610$12,692$10,656
8 years$14,528$13,412$12,377$11,417$10,529$8,591
9 years$12,783$11,678$10,660$9,725$8,867$7,026
10 years$11,388$10,293$9,294$8,383$7,555$5,808
11 years$10,247$9,164$8,182$7,296$6,498$4,843
12 years$9,297$8,225$7,261$6,399$5,631$4,066
13 years$8,494$7,433$6,488$5,650$4,910$3,433
14 years$7,806$6,756$5,829$5,015$4,304$2,912
15 years$7,211$6,172$5,263$4,473$3,790$2,479
16 years$6,690$5,663$4,772$4,005$3,349$2,117
17 years$6,231$5,215$4,342$3,598$2,970$1,812
18 years$5,823$4,819$3,964$3,243$2,641$1,555
19 years$5,459$4,466$3,629$2,930$2,354$1,337
20 years$5,132$4,150$3,330$2,654$2,102$1,151
21 years$4,836$3,866$3,063$2,408$1,881$993
22 years$4,568$3,608$2,823$2,190$1,686$857
23 years$4,323$3,375$2,607$1,994$1,514$740
24 years$4,099$3,162$2,411$1,819$1,361$640
25 years$3,893$2,967$2,233$1,661$1,224$554
26 years$3,703$2,789$2,071$1,519$1,103$480
27 years$3,528$2,625$1,923$1,390$994$416
28 years$3,365$2,473$1,788$1,274$897$361
29 years$3,214$2,333$1,664$1,168$810$313
30 years$3,074$2,204$1,549$1,072$732$271
31 years$2,942$2,083$1,445$985$662$235
32 years$2,819$1,971$1,348$905$599$204
33 years$2,704$1,867$1,258$832$542$177
34 years$2,596$1,769$1,176$766$491$154
35 years$2,494$1,678$1,099$705$444$134
36 years$2,398$1,593$1,028$649$403$116
37 years$2,308$1,513$963$598$365$101
38 years$2,222$1,438$901$551$331$88
39 years$2,141$1,367$844$508$300$76
40 years$2,064$1,301$792$469$272$66
41 years$1,992$1,238$742$433$247$58
42 years$1,922$1,179$696$399$224$50
43 years$1,857$1,123$653$368$203$44
44 years$1,794$1,071$613$340$184$38
45 years$1,734$1,021$576$314$167$33
46 years$1,678$974$541$290$152$29
47 years$1,623$930$508$268$138$25
48 years$1,571$887$477$248$125$22
49 years$1,522$847$449$229$114$19
50 years$1,474$809$422$212$103$16

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 $4,900 every year, while hoping to spend $34,830 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: 47/30/23 Blend
65$1,510,000$1,510,000$1,510,000$1,510,000
66$1,669,074$1,589,044$1,565,639$1,736,357
67$1,802,261$1,629,849$1,581,029$1,824,802
68$1,947,866$1,671,485$1,595,768$1,916,905
69$2,107,117$1,713,957$1,609,796$2,016,173
70$2,281,371$1,757,269$1,623,051$2,123,294
71$2,472,117$1,801,422$1,635,470$2,239,026
72$2,680,998$1,846,416$1,646,983$2,364,204
73$2,909,822$1,892,252$1,657,519$2,499,745
74$3,160,579$1,938,928$1,667,001$2,646,665
75$3,435,464$1,986,441$1,675,351$2,806,077
76$3,736,890$2,034,786$1,682,485$2,979,213
77$4,067,519$2,083,956$1,688,314$3,167,427
78$4,430,280$2,133,944$1,692,746$3,372,212
79$4,828,400$2,184,740$1,695,685$3,595,214
80$5,265,436$2,236,330$1,697,029$3,838,247
81$5,745,301$2,288,702$1,696,671$4,103,307
82$6,272,312$2,341,838$1,694,499$4,392,599
83$6,851,218$2,395,718$1,690,395$4,708,550
84$7,487,255$2,450,322$1,684,237$5,053,833
85$8,186,191$2,505,623$1,675,894$5,431,399
86$8,954,377$2,561,593$1,665,232$5,844,497
87$9,798,815$2,618,202$1,652,108$6,296,708
88$10,727,214$2,675,414$1,636,374$6,791,980
89$11,748,071$2,733,191$1,617,873$7,334,665
90$12,870,746$2,791,489$1,596,444$7,929,559
91$14,105,551$2,850,262$1,571,914$8,581,946
92$15,463,850$2,909,456$1,544,105$9,297,654
93$16,958,160$2,969,017$1,512,830$10,083,105
94$18,602,275$3,028,882$1,477,893$10,945,377
95$20,411,393$3,088,983$1,439,088$11,892,271
96$22,402,259$3,149,247$1,396,201$12,932,386
97$24,593,324$3,209,594$1,349,009$14,075,201
98$27,004,917$3,269,939$1,297,275$15,331,163
99$29,659,440$3,330,187$1,240,755$16,711,787
100$32,581,575$3,390,238$1,179,192$18,229,763