Can I retire at age 66 with 1,550,000?

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 $1,550,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$127,998$126,857$125,745$124,659$123,599$122,564
2 years$63,365$62,185$61,041$59,932$58,857$57,813
3 years$41,824$40,639$39,498$38,399$37,341$36,322
4 years$31,055$29,874$28,744$27,664$26,632$25,645
5 years$24,596$23,421$22,307$21,249$20,245$19,293
6 years$20,291$19,125$18,027$16,993$16,019$15,103
7 years$17,217$16,061$14,981$13,971$13,028$12,148
8 years$14,913$13,768$12,705$11,720$10,808$9,965
9 years$13,122$11,987$10,943$9,983$9,102$8,295
10 years$11,690$10,566$9,540$8,605$7,755$6,984
11 years$10,519$9,406$8,399$7,489$6,670$5,934
12 years$9,543$8,443$7,454$6,569$5,780$5,079
13 years$8,719$7,630$6,659$5,799$5,040$4,373
14 years$8,013$6,935$5,984$5,148$4,418$3,784
15 years$7,402$6,335$5,402$4,591$3,890$3,288
16 years$6,867$5,813$4,898$4,111$3,438$2,867
17 years$6,396$5,353$4,457$3,694$3,048$2,507
18 years$5,978$4,947$4,069$3,329$2,711$2,198
19 years$5,604$4,584$3,725$3,008$2,416$1,932
20 years$5,268$4,260$3,418$2,724$2,158$1,701
21 years$4,964$3,968$3,144$2,472$1,931$1,500
22 years$4,689$3,704$2,898$2,248$1,731$1,325
23 years$4,437$3,464$2,676$2,047$1,554$1,172
24 years$4,207$3,246$2,475$1,867$1,397$1,037
25 years$3,996$3,046$2,292$1,705$1,257$919
26 years$3,801$2,863$2,126$1,559$1,132$815
27 years$3,621$2,694$1,974$1,427$1,021$724
28 years$3,455$2,539$1,835$1,308$921$643
29 years$3,300$2,395$1,708$1,199$832$571
30 years$3,155$2,262$1,591$1,100$751$508
31 years$3,020$2,138$1,483$1,011$679$452
32 years$2,894$2,023$1,383$929$615$402
33 years$2,776$1,916$1,292$854$556$358
34 years$2,665$1,816$1,207$786$504$319
35 years$2,560$1,722$1,128$723$456$284
36 years$2,462$1,635$1,056$666$413$253
37 years$2,369$1,553$988$614$374$225
38 years$2,281$1,476$925$566$340$201
39 years$2,198$1,403$867$522$308$179
40 years$2,119$1,335$813$481$279$160
41 years$2,044$1,271$762$444$253$142
42 years$1,973$1,210$715$410$230$127
43 years$1,906$1,153$671$378$209$113
44 years$1,842$1,099$629$349$189$101
45 years$1,780$1,048$591$323$172$90
46 years$1,722$1,000$555$298$156$81
47 years$1,666$954$522$275$142$72
48 years$1,613$911$490$254$129$64
49 years$1,562$870$461$235$117$57
50 years$1,513$831$433$217$106$51

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $1,550,000, adding $4,065 every year, while hoping to spend $58,076 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: 72/21/7 Blend
65$1,550,000$1,550,000$1,550,000$1,550,000
66$1,712,293$1,630,143$1,606,118$1,833,540
67$1,825,155$1,648,228$1,598,131$1,932,174
68$1,947,581$1,665,252$1,587,929$2,032,492
69$2,080,488$1,681,103$1,575,378$2,140,702
70$2,224,880$1,695,659$1,560,336$2,257,566
71$2,381,864$1,708,792$1,542,653$2,383,921
72$2,552,657$1,720,366$1,522,174$2,520,692
73$2,738,597$1,730,233$1,498,737$2,668,898
74$2,941,159$1,738,240$1,472,169$2,829,663
75$3,161,964$1,744,220$1,442,294$3,004,222
76$3,402,796$1,747,999$1,408,922$3,193,941
77$3,665,620$1,749,389$1,371,860$3,400,323
78$3,952,598$1,748,194$1,330,902$3,625,025
79$4,266,110$1,744,202$1,285,834$3,869,873
80$4,608,776$1,737,191$1,236,432$4,136,883
81$4,983,481$1,726,923$1,182,462$4,428,273
82$5,393,401$1,713,147$1,123,680$4,746,491
83$5,842,033$1,695,597$1,059,828$5,094,235
84$6,333,229$1,673,989$990,641$5,474,479
85$6,871,229$1,648,025$915,838$5,890,503
86$7,460,703$1,617,388$835,127$6,345,920
87$8,106,794$1,581,740$748,204$6,844,715
88$8,815,168$1,540,726$654,750$7,391,283
89$9,592,063$1,493,968$554,431$7,990,466
90$10,444,349$1,441,069$446,901$8,647,603
91$11,379,597$1,381,606$331,796$9,368,582
92$12,406,143$1,315,131$208,738$10,159,890
93$13,533,170$1,241,173$77,331$11,028,684
94$14,770,794$1,159,231$0$11,982,848
95$16,130,159$1,068,777$0$13,035,776
96$17,623,540$969,253$0$14,198,824
97$19,264,461$860,066$0$15,476,810
98$21,067,822$740,595$0$16,881,417
99$23,050,034$610,178$0$18,425,524
100$25,229,180$468,120$0$20,123,324