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%12.5%
1 years$129,649$128,494$127,368$126,268$125,194$123,887
2 years$64,183$62,987$61,829$60,706$59,616$58,300
3 years$42,363$41,163$40,007$38,895$37,823$36,538
4 years$31,456$30,259$29,115$28,021$26,976$25,732
5 years$24,913$23,724$22,595$21,523$20,506$19,308
6 years$20,553$19,372$18,260$17,212$16,226$15,074
7 years$17,439$16,269$15,174$14,151$13,196$12,092
8 years$15,105$13,945$12,869$11,871$10,947$9,890
9 years$13,291$12,142$11,084$10,111$9,219$8,209
10 years$11,840$10,702$9,663$8,716$7,855$6,891
11 years$10,654$9,528$8,507$7,586$6,756$5,837
12 years$9,667$8,552$7,550$6,654$5,854$4,980
13 years$8,831$7,728$6,745$5,874$5,105$4,274
14 years$8,116$7,025$6,061$5,214$4,475$3,686
15 years$7,497$6,417$5,472$4,650$3,940$3,192
16 years$6,956$5,888$4,961$4,164$3,482$2,774
17 years$6,479$5,422$4,515$3,741$3,088$2,417
18 years$6,055$5,010$4,121$3,372$2,746$2,112
19 years$5,676$4,644$3,773$3,047$2,447$1,849
20 years$5,336$4,315$3,462$2,759$2,186$1,622
21 years$5,028$4,019$3,185$2,504$1,956$1,426
22 years$4,749$3,752$2,935$2,277$1,753$1,254
23 years$4,495$3,509$2,710$2,074$1,574$1,105
24 years$4,262$3,288$2,506$1,891$1,415$974
25 years$4,048$3,085$2,321$1,727$1,273$860
26 years$3,850$2,900$2,153$1,579$1,147$760
27 years$3,668$2,729$1,999$1,446$1,034$672
28 years$3,499$2,572$1,859$1,324$933$594
29 years$3,342$2,426$1,730$1,215$842$526
30 years$3,196$2,291$1,611$1,115$761$466
31 years$3,059$2,166$1,502$1,024$688$413
32 years$2,931$2,049$1,401$941$622$366
33 years$2,812$1,941$1,308$865$563$324
34 years$2,699$1,839$1,223$796$510$288
35 years$2,593$1,745$1,143$733$462$255
36 years$2,494$1,656$1,069$675$419$226
37 years$2,399$1,573$1,001$622$379$201
38 years$2,310$1,495$937$573$344$178
39 years$2,226$1,421$878$528$312$158
40 years$2,146$1,352$823$487$283$141
41 years$2,071$1,287$772$450$257$125
42 years$1,999$1,226$724$415$233$111
43 years$1,930$1,168$679$383$211$98
44 years$1,865$1,113$638$354$192$87
45 years$1,803$1,062$599$327$174$78
46 years$1,744$1,013$562$302$158$69
47 years$1,688$967$528$279$144$61
48 years$1,634$923$496$258$130$54
49 years$1,582$881$467$238$118$48
50 years$1,533$842$439$220$108$43

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 $5,627 every year, while hoping to spend $52,901 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: 69/10/21 Blend
65$1,570,000$1,570,000$1,570,000$1,570,000
66$1,735,944$1,652,734$1,628,399$1,846,291
67$1,856,724$1,677,432$1,626,664$1,945,455
68$1,988,051$1,701,567$1,623,098$2,047,217
69$2,130,944$1,725,056$1,617,584$2,157,288
70$2,286,526$1,747,809$1,609,998$2,276,484
71$2,456,031$1,769,731$1,600,213$2,405,709
72$2,640,818$1,790,720$1,588,092$2,545,954
73$2,842,383$1,810,667$1,573,495$2,698,315
74$3,062,373$1,829,456$1,556,274$2,863,999
75$3,302,598$1,846,963$1,536,272$3,044,339
76$3,565,054$1,863,055$1,513,328$3,240,801
77$3,851,937$1,877,591$1,487,272$3,455,003
78$4,165,664$1,890,423$1,457,925$3,688,730
79$4,508,897$1,901,389$1,425,101$3,943,950
80$4,884,568$1,910,320$1,388,605$4,222,830
81$5,295,903$1,917,036$1,348,233$4,527,762
82$5,746,458$1,921,343$1,303,771$4,861,382
83$6,240,146$1,923,038$1,254,997$5,226,597
84$6,781,278$1,921,904$1,201,676$5,626,611
85$7,374,602$1,917,711$1,143,566$6,064,958
86$8,025,346$1,910,213$1,080,410$6,545,532
87$8,739,269$1,899,152$1,011,942$7,072,629
88$9,522,716$1,884,252$937,884$7,650,981
89$10,382,674$1,865,221$857,944$8,285,810
90$11,326,840$1,841,750$771,818$8,982,869
91$12,363,693$1,813,511$679,189$9,748,503
92$13,502,572$1,780,156$579,724$10,589,705
93$14,753,767$1,741,316$473,078$11,514,185
94$16,128,613$1,696,602$358,887$12,530,444
95$17,639,597$1,645,601$236,775$13,647,850
96$19,300,476$1,587,876$106,348$14,876,734
97$21,126,406$1,522,963$0$16,228,483
98$23,134,086$1,450,375$0$17,723,008
99$25,341,912$1,369,592$0$19,392,696
100$27,770,152$1,280,068$0$21,229,046