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

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 $1,530,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$126,346$125,221$124,123$123,051$122,004$120,580
2 years$62,548$61,383$60,254$59,159$58,097$56,663
3 years$41,284$40,114$38,988$37,904$36,859$35,461
4 years$30,655$29,488$28,373$27,308$26,288$24,936
5 years$24,278$23,119$22,019$20,975$19,984$18,681
6 years$20,029$18,878$17,795$16,774$15,813$14,561
7 years$16,995$15,854$14,787$13,791$12,860$11,661
8 years$14,721$13,590$12,541$11,569$10,669$9,521
9 years$12,952$11,832$10,801$9,854$8,984$7,889
10 years$11,539$10,430$9,417$8,494$7,655$6,610
11 years$10,383$9,285$8,291$7,392$6,584$5,588
12 years$9,420$8,334$7,358$6,484$5,705$4,759
13 years$8,606$7,531$6,574$5,725$4,975$4,076
14 years$7,910$6,846$5,906$5,082$4,361$3,508
15 years$7,306$6,254$5,333$4,532$3,840$3,032
16 years$6,778$5,738$4,835$4,058$3,394$2,629
17 years$6,313$5,284$4,399$3,646$3,009$2,287
18 years$5,901$4,883$4,016$3,286$2,676$1,994
19 years$5,532$4,525$3,677$2,969$2,385$1,742
20 years$5,200$4,205$3,374$2,689$2,130$1,525
21 years$4,900$3,917$3,104$2,440$1,906$1,337
22 years$4,628$3,656$2,860$2,219$1,709$1,174
23 years$4,380$3,420$2,641$2,021$1,534$1,032
24 years$4,153$3,204$2,443$1,843$1,379$908
25 years$3,945$3,007$2,262$1,683$1,241$799
26 years$3,752$2,826$2,098$1,539$1,117$704
27 years$3,575$2,660$1,948$1,409$1,007$621
28 years$3,410$2,506$1,811$1,291$909$548
29 years$3,257$2,364$1,686$1,184$821$484
30 years$3,114$2,233$1,570$1,086$742$428
31 years$2,981$2,111$1,464$998$671$378
32 years$2,857$1,997$1,366$917$607$334
33 years$2,740$1,891$1,275$843$549$295
34 years$2,630$1,793$1,191$776$497$261
35 years$2,527$1,700$1,114$714$450$231
36 years$2,430$1,614$1,042$658$408$205
37 years$2,338$1,533$975$606$370$181
38 years$2,252$1,457$913$559$335$160
39 years$2,170$1,385$856$515$304$142
40 years$2,092$1,318$802$475$276$126
41 years$2,018$1,254$752$438$250$111
42 years$1,948$1,195$705$404$227$99
43 years$1,881$1,138$662$373$206$87
44 years$1,818$1,085$621$345$187$77
45 years$1,757$1,035$583$318$170$69
46 years$1,700$987$548$294$154$61
47 years$1,645$942$515$272$140$54
48 years$1,592$899$484$251$127$48
49 years$1,542$859$455$232$115$42
50 years$1,494$820$428$214$105$38

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 $5,005 every year, while hoping to spend $39,866 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: 37/37/26 Blend
65$1,530,000$1,530,000$1,530,000$1,530,000
66$1,691,223$1,610,133$1,586,418$1,740,473
67$1,821,310$1,646,612$1,597,146$1,813,629
68$1,963,331$1,683,543$1,606,897$1,888,577
69$2,118,459$1,720,905$1,615,596$1,968,757
70$2,287,989$1,758,676$1,623,166$2,054,667
71$2,473,344$1,796,832$1,629,522$2,146,855
72$2,676,093$1,835,344$1,634,579$2,245,929
73$2,897,962$1,874,184$1,638,245$2,352,554
74$3,140,852$1,913,317$1,640,424$2,467,469
75$3,406,857$1,952,707$1,641,016$2,591,484
76$3,698,282$1,992,316$1,639,916$2,725,498
77$4,017,666$2,032,099$1,637,013$2,870,499
78$4,367,805$2,072,009$1,632,190$3,027,577
79$4,751,780$2,111,995$1,625,326$3,197,935
80$5,172,981$2,152,002$1,616,294$3,382,902
81$5,635,144$2,191,970$1,604,960$3,583,941
82$6,142,386$2,231,834$1,591,183$3,802,667
83$6,699,239$2,271,523$1,574,817$4,040,862
84$7,310,696$2,310,963$1,555,708$4,300,493
85$7,982,258$2,350,071$1,533,696$4,583,726
86$8,719,985$2,388,761$1,508,611$4,892,953
87$9,530,551$2,426,937$1,480,277$5,230,813
88$10,421,310$2,464,500$1,448,509$5,600,214
89$11,400,364$2,501,341$1,413,114$6,004,367
90$12,476,638$2,537,343$1,373,890$6,446,812
91$13,659,965$2,572,383$1,330,626$6,931,452
92$14,961,179$2,606,327$1,283,099$7,462,594
93$16,392,215$2,639,034$1,231,079$8,044,988
94$17,966,224$2,670,350$1,174,323$8,683,872
95$19,697,696$2,700,114$1,112,580$9,385,023
96$21,602,593$2,728,152$1,045,584$10,154,811
97$23,698,506$2,754,279$973,059$11,000,264
98$26,004,814$2,778,299$894,717$11,929,128
99$28,542,870$2,800,001$810,255$12,949,948
100$31,336,204$2,819,162$719,360$14,072,148