Can I retire at age 66 with 1,530,000?

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 $1,530,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$126,346$125,221$124,123$123,051$122,004$119,934
2 years$62,548$61,383$60,254$59,159$58,097$56,018
3 years$41,284$40,114$38,988$37,904$36,859$34,835
4 years$30,655$29,488$28,373$27,308$26,288$24,336
5 years$24,278$23,119$22,019$20,975$19,984$18,108
6 years$20,029$18,878$17,795$16,774$15,813$14,016
7 years$16,995$15,854$14,787$13,791$12,860$11,142
8 years$14,721$13,590$12,541$11,569$10,669$9,030
9 years$12,952$11,832$10,801$9,854$8,984$7,424
10 years$11,539$10,430$9,417$8,494$7,655$6,172
11 years$10,383$9,285$8,291$7,392$6,584$5,176
12 years$9,420$8,334$7,358$6,484$5,705$4,371
13 years$8,606$7,531$6,574$5,725$4,975$3,712
14 years$7,910$6,846$5,906$5,082$4,361$3,168
15 years$7,306$6,254$5,333$4,532$3,840$2,713
16 years$6,778$5,738$4,835$4,058$3,394$2,332
17 years$6,313$5,284$4,399$3,646$3,009$2,009
18 years$5,901$4,883$4,016$3,286$2,676$1,736
19 years$5,532$4,525$3,677$2,969$2,385$1,502
20 years$5,200$4,205$3,374$2,689$2,130$1,302
21 years$4,900$3,917$3,104$2,440$1,906$1,130
22 years$4,628$3,656$2,860$2,219$1,709$983
23 years$4,380$3,420$2,641$2,021$1,534$855
24 years$4,153$3,204$2,443$1,843$1,379$745
25 years$3,945$3,007$2,262$1,683$1,241$649
26 years$3,752$2,826$2,098$1,539$1,117$566
27 years$3,575$2,660$1,948$1,409$1,007$494
28 years$3,410$2,506$1,811$1,291$909$432
29 years$3,257$2,364$1,686$1,184$821$377
30 years$3,114$2,233$1,570$1,086$742$330
31 years$2,981$2,111$1,464$998$671$288
32 years$2,857$1,997$1,366$917$607$252
33 years$2,740$1,891$1,275$843$549$220
34 years$2,630$1,793$1,191$776$497$193
35 years$2,527$1,700$1,114$714$450$169
36 years$2,430$1,614$1,042$658$408$148
37 years$2,338$1,533$975$606$370$129
38 years$2,252$1,457$913$559$335$113
39 years$2,170$1,385$856$515$304$99
40 years$2,092$1,318$802$475$276$87
41 years$2,018$1,254$752$438$250$76
42 years$1,948$1,195$705$404$227$67
43 years$1,881$1,138$662$373$206$58
44 years$1,818$1,085$621$345$187$51
45 years$1,757$1,035$583$318$170$45
46 years$1,700$987$548$294$154$39
47 years$1,645$942$515$272$140$34
48 years$1,592$899$484$251$127$30
49 years$1,542$859$455$232$115$26
50 years$1,494$820$428$214$105$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $1,530,000, adding $2,067 every year, while hoping to spend $46,313 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: 44/31/25 Blend
65$1,530,000$1,530,000$1,530,000$1,530,000
66$1,688,192$1,607,102$1,583,387$1,750,146
67$1,811,111$1,636,573$1,587,154$1,823,822
68$1,945,015$1,665,937$1,589,495$1,899,010
69$2,090,977$1,695,138$1,590,313$1,979,600
70$2,250,175$1,724,118$1,589,507$2,066,121
71$2,423,908$1,752,814$1,586,970$2,159,154
72$2,613,604$1,781,160$1,582,591$2,259,340
73$2,820,837$1,809,082$1,576,253$2,367,390
74$3,047,338$1,836,502$1,567,833$2,484,085
75$3,295,013$1,863,338$1,557,202$2,610,289
76$3,565,962$1,889,499$1,544,226$2,746,958
77$3,862,495$1,914,890$1,528,763$2,895,143
78$4,187,159$1,939,408$1,510,665$3,056,008
79$4,542,754$1,962,945$1,489,778$3,230,836
80$4,932,369$1,985,383$1,465,939$3,421,043
81$5,359,401$2,006,597$1,438,979$3,628,194
82$5,827,594$2,026,454$1,408,719$3,854,015
83$6,341,071$2,044,813$1,374,974$4,100,410
84$6,904,374$2,061,522$1,337,548$4,369,483
85$7,522,503$2,076,420$1,296,240$4,663,553
86$8,200,969$2,089,335$1,250,834$4,985,181
87$8,945,841$2,100,085$1,201,110$5,337,194
88$9,763,802$2,108,475$1,146,833$5,722,710
89$10,662,219$2,114,300$1,087,761$6,145,169
90$11,649,204$2,117,338$1,023,639$6,608,369
91$12,733,693$2,117,358$954,201$7,116,498
92$13,925,532$2,114,112$879,170$7,674,179
93$15,235,569$2,107,336$798,254$8,286,510
94$16,675,753$2,096,751$711,152$8,959,117
95$18,259,250$2,082,062$617,545$9,698,206
96$20,000,564$2,062,953$517,104$10,510,622
97$21,915,676$2,039,093$409,482$11,403,918
98$24,022,195$2,010,128$294,319$12,386,421
99$26,339,518$1,975,684$171,238$13,467,321
100$28,889,021$1,935,365$39,846$14,656,751