Can I retire at age 66 with 1,560,000?

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 $1,560,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.8%
1 years$128,823$127,676$126,556$125,464$124,397$122,437
2 years$63,774$62,586$61,435$60,319$59,236$57,267
3 years$42,094$40,901$39,753$38,647$37,582$35,664
4 years$31,256$30,066$28,930$27,843$26,804$24,952
5 years$24,754$23,572$22,451$21,386$20,376$18,596
6 years$20,422$19,249$18,143$17,103$16,123$14,417
7 years$17,328$16,165$15,077$14,061$13,112$11,481
8 years$15,009$13,856$12,787$11,795$10,878$9,321
9 years$13,206$12,064$11,013$10,047$9,161$7,677
10 years$11,765$10,634$9,602$8,661$7,805$6,394
11 years$10,586$9,467$8,453$7,537$6,713$5,372
12 years$9,605$8,497$7,502$6,611$5,817$4,545
13 years$8,775$7,679$6,702$5,837$5,073$3,868
14 years$8,065$6,980$6,022$5,181$4,447$3,307
15 years$7,449$6,376$5,437$4,621$3,915$2,839
16 years$6,911$5,850$4,930$4,137$3,460$2,445
17 years$6,437$5,388$4,486$3,717$3,068$2,111
18 years$6,016$4,979$4,095$3,350$2,728$1,827
19 years$5,640$4,614$3,749$3,027$2,432$1,585
20 years$5,302$4,288$3,440$2,742$2,172$1,377
21 years$4,996$3,994$3,164$2,488$1,944$1,198
22 years$4,719$3,728$2,917$2,262$1,742$1,044
23 years$4,466$3,487$2,693$2,060$1,564$911
24 years$4,235$3,267$2,491$1,879$1,406$795
25 years$4,022$3,066$2,307$1,716$1,265$695
26 years$3,826$2,881$2,139$1,569$1,139$607
27 years$3,645$2,712$1,987$1,436$1,027$531
28 years$3,477$2,555$1,847$1,316$927$465
29 years$3,321$2,411$1,719$1,207$837$407
30 years$3,175$2,276$1,601$1,108$756$357
31 years$3,040$2,152$1,492$1,017$684$313
32 years$2,913$2,036$1,392$935$618$274
33 years$2,794$1,928$1,300$860$560$241
34 years$2,682$1,828$1,215$791$507$211
35 years$2,577$1,733$1,136$728$459$185
36 years$2,478$1,645$1,062$671$416$162
37 years$2,384$1,563$994$618$377$143
38 years$2,296$1,485$931$569$342$125
39 years$2,212$1,412$872$525$310$110
40 years$2,133$1,344$818$484$281$97
41 years$2,058$1,279$767$447$255$85
42 years$1,986$1,218$719$412$231$74
43 years$1,918$1,161$675$381$210$65
44 years$1,854$1,106$634$351$191$57
45 years$1,792$1,055$595$325$173$50
46 years$1,733$1,006$559$300$157$44
47 years$1,677$960$525$277$143$39
48 years$1,623$917$493$256$130$34
49 years$1,572$875$464$237$118$30
50 years$1,523$836$436$219$107$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $1,560,000, adding $3,288 every year, while hoping to spend $41,306 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: 78/16/6 Blend
65$1,560,000$1,560,000$1,560,000$1,560,000
66$1,722,512$1,639,832$1,615,652$1,855,715
67$1,854,258$1,676,234$1,625,827$1,979,933
68$1,998,059$1,713,036$1,634,958$2,110,405
69$2,155,100$1,750,213$1,642,968$2,252,254
70$2,326,685$1,787,739$1,649,772$2,406,594
71$2,514,253$1,825,584$1,655,286$2,574,650
72$2,719,385$1,863,716$1,659,416$2,757,770
73$2,943,825$1,902,100$1,662,069$2,957,441
74$3,189,489$1,940,698$1,663,143$3,175,298
75$3,458,492$1,979,466$1,662,532$3,413,144
76$3,753,158$2,018,360$1,660,127$3,672,965
77$4,076,050$2,057,330$1,655,812$3,956,947
78$4,429,990$2,096,322$1,649,464$4,267,499
79$4,818,084$2,135,276$1,640,956$4,607,274
80$5,243,754$2,174,131$1,630,154$4,979,194
81$5,710,772$2,212,818$1,616,919$5,386,482
82$6,223,288$2,251,264$1,601,103$5,832,683
83$6,785,876$2,289,389$1,582,553$6,321,707
84$7,403,575$2,327,108$1,561,108$6,857,860
85$8,081,933$2,364,329$1,536,598$7,445,887
86$8,827,064$2,400,956$1,508,848$8,091,015
87$9,645,703$2,436,881$1,477,673$8,799,004
88$10,545,269$2,471,993$1,442,880$9,576,201
89$11,533,936$2,506,169$1,404,265$10,429,598
90$12,620,707$2,539,281$1,361,618$11,366,901
91$13,815,504$2,571,191$1,314,717$12,396,601
92$15,129,256$2,601,750$1,263,331$13,528,053
93$16,574,005$2,630,800$1,207,217$14,771,566
94$18,163,017$2,658,173$1,146,122$16,138,500
95$19,910,910$2,683,689$1,079,783$17,641,374
96$21,833,789$2,707,156$1,007,922$19,293,982
97$23,949,399$2,728,370$930,250$21,111,524
98$26,277,291$2,747,113$846,467$23,110,750
99$28,839,007$2,763,154$756,255$25,310,121
100$31,658,283$2,776,246$659,287$27,729,976