Can I retire at age 66 with 1,570,000?

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 $1,570,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.9%
1 years$129,649$128,494$127,368$126,268$125,194$123,171
2 years$64,183$62,987$61,829$60,706$59,616$57,583
3 years$42,363$41,163$40,007$38,895$37,823$35,844
4 years$31,456$30,259$29,115$28,021$26,976$25,065
5 years$24,913$23,724$22,595$21,523$20,506$18,671
6 years$20,553$19,372$18,260$17,212$16,226$14,467
7 years$17,439$16,269$15,174$14,151$13,196$11,514
8 years$15,105$13,945$12,869$11,871$10,947$9,342
9 years$13,291$12,142$11,084$10,111$9,219$7,690
10 years$11,840$10,702$9,663$8,716$7,855$6,401
11 years$10,654$9,528$8,507$7,586$6,756$5,374
12 years$9,667$8,552$7,550$6,654$5,854$4,544
13 years$8,831$7,728$6,745$5,874$5,105$3,865
14 years$8,116$7,025$6,061$5,214$4,475$3,302
15 years$7,497$6,417$5,472$4,650$3,940$2,832
16 years$6,956$5,888$4,961$4,164$3,482$2,438
17 years$6,479$5,422$4,515$3,741$3,088$2,104
18 years$6,055$5,010$4,121$3,372$2,746$1,820
19 years$5,676$4,644$3,773$3,047$2,447$1,577
20 years$5,336$4,315$3,462$2,759$2,186$1,369
21 years$5,028$4,019$3,185$2,504$1,956$1,190
22 years$4,749$3,752$2,935$2,277$1,753$1,036
23 years$4,495$3,509$2,710$2,074$1,574$903
24 years$4,262$3,288$2,506$1,891$1,415$788
25 years$4,048$3,085$2,321$1,727$1,273$688
26 years$3,850$2,900$2,153$1,579$1,147$601
27 years$3,668$2,729$1,999$1,446$1,034$525
28 years$3,499$2,572$1,859$1,324$933$460
29 years$3,342$2,426$1,730$1,215$842$402
30 years$3,196$2,291$1,611$1,115$761$352
31 years$3,059$2,166$1,502$1,024$688$308
32 years$2,931$2,049$1,401$941$622$270
33 years$2,812$1,941$1,308$865$563$237
34 years$2,699$1,839$1,223$796$510$207
35 years$2,593$1,745$1,143$733$462$182
36 years$2,494$1,656$1,069$675$419$159
37 years$2,399$1,573$1,001$622$379$140
38 years$2,310$1,495$937$573$344$123
39 years$2,226$1,421$878$528$312$108
40 years$2,146$1,352$823$487$283$94
41 years$2,071$1,287$772$450$257$83
42 years$1,999$1,226$724$415$233$73
43 years$1,930$1,168$679$383$211$64
44 years$1,865$1,113$638$354$192$56
45 years$1,803$1,062$599$327$174$49
46 years$1,744$1,013$562$302$158$43
47 years$1,688$967$528$279$144$38
48 years$1,634$923$496$258$130$33
49 years$1,582$881$467$238$118$29
50 years$1,533$842$439$220$108$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $1,570,000, adding $5,548 every year, while hoping to spend $22,551 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: 47/40/13 Blend
65$1,570,000$1,570,000$1,570,000$1,570,000
66$1,735,863$1,652,653$1,628,318$1,810,887
67$1,888,927$1,709,639$1,658,872$1,920,318
68$2,056,847$1,768,661$1,689,695$2,036,252
69$2,241,116$1,829,796$1,720,770$2,161,576
70$2,443,376$1,893,122$1,752,082$2,297,171
71$2,665,438$1,958,722$1,783,613$2,444,007
72$2,909,293$2,026,681$1,815,346$2,603,150
73$3,177,140$2,097,086$1,847,258$2,775,771
74$3,471,396$2,170,032$1,879,330$2,963,161
75$3,794,728$2,245,612$1,911,536$3,166,735
76$4,150,070$2,323,928$1,943,853$3,388,054
77$4,540,659$2,405,082$1,976,253$3,628,833
78$4,970,057$2,489,181$2,008,709$3,890,958
79$5,442,190$2,576,339$2,041,188$4,176,506
80$5,961,384$2,666,670$2,073,659$4,487,762
81$6,532,405$2,760,297$2,106,086$4,827,241
82$7,160,503$2,857,344$2,138,433$5,197,709
83$7,851,464$2,957,944$2,170,660$5,602,213
84$8,611,662$3,062,231$2,202,725$6,044,106
85$9,448,119$3,170,348$2,234,584$6,527,079
86$10,368,573$3,282,441$2,266,189$7,055,195
87$11,381,552$3,398,665$2,297,490$7,632,928
88$12,496,449$3,519,179$2,328,435$8,265,204
89$13,723,616$3,644,148$2,358,967$8,957,446
90$15,074,459$3,773,745$2,389,026$9,715,626
91$16,561,545$3,908,149$2,418,550$10,546,322
92$18,198,723$4,047,549$2,447,471$11,456,774
93$20,001,251$4,192,138$2,475,721$12,454,959
94$21,985,945$4,342,119$2,503,224$13,549,660
95$24,171,332$4,497,703$2,529,902$14,750,552
96$26,577,827$4,659,110$2,555,673$16,068,290
97$29,227,926$4,826,567$2,580,449$17,514,610
98$32,146,420$5,000,314$2,604,139$19,102,439
99$35,360,622$5,180,597$2,626,645$20,846,016
100$38,900,635$5,367,675$2,647,867$22,761,026