Can I retire at age 66 with 1,590,000?

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 $1,590,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$131,301$130,131$128,990$127,876$126,789$126,202
2 years$65,000$63,790$62,617$61,479$60,376$59,783
3 years$42,903$41,687$40,517$39,390$38,305$37,725
4 years$31,857$30,645$29,486$28,378$27,319$26,757
5 years$25,231$24,026$22,882$21,797$20,768$20,224
6 years$20,815$19,619$18,492$17,432$16,433$15,909
7 years$17,662$16,476$15,367$14,331$13,364$12,860
8 years$15,298$14,123$13,033$12,022$11,087$10,603
9 years$13,460$12,296$11,225$10,240$9,337$8,872
10 years$11,991$10,839$9,786$8,827$7,955$7,511
11 years$10,790$9,649$8,616$7,682$6,842$6,417
12 years$9,790$8,661$7,646$6,738$5,929$5,523
13 years$8,944$7,827$6,831$5,949$5,170$4,783
14 years$8,220$7,114$6,138$5,281$4,532$4,163
15 years$7,593$6,499$5,542$4,710$3,991$3,639
16 years$7,044$5,963$5,024$4,217$3,527$3,192
17 years$6,561$5,491$4,572$3,789$3,127$2,810
18 years$6,132$5,074$4,174$3,415$2,781$2,479
19 years$5,749$4,703$3,821$3,085$2,478$2,193
20 years$5,404$4,370$3,507$2,794$2,214$1,943
21 years$5,092$4,071$3,225$2,536$1,981$1,725
22 years$4,810$3,800$2,973$2,306$1,776$1,534
23 years$4,552$3,554$2,745$2,100$1,594$1,366
24 years$4,316$3,330$2,538$1,915$1,433$1,217
25 years$4,099$3,125$2,351$1,749$1,289$1,086
26 years$3,900$2,937$2,180$1,599$1,161$970
27 years$3,715$2,764$2,025$1,464$1,047$867
28 years$3,544$2,604$1,882$1,341$945$776
29 years$3,385$2,457$1,752$1,230$853$695
30 years$3,237$2,320$1,632$1,129$771$622
31 years$3,098$2,193$1,521$1,037$697$557
32 years$2,969$2,075$1,419$953$630$500
33 years$2,847$1,965$1,325$876$570$448
34 years$2,734$1,863$1,238$806$517$402
35 years$2,626$1,767$1,158$742$468$361
36 years$2,525$1,677$1,083$683$424$324
37 years$2,430$1,593$1,014$630$384$291
38 years$2,340$1,514$949$580$348$261
39 years$2,255$1,439$889$535$316$235
40 years$2,174$1,369$833$494$286$211
41 years$2,097$1,304$782$455$260$190
42 years$2,024$1,241$733$420$236$170
43 years$1,955$1,183$688$388$214$153
44 years$1,889$1,128$646$358$194$138
45 years$1,826$1,075$606$331$176$124
46 years$1,766$1,026$569$306$160$111
47 years$1,709$979$535$282$145$100
48 years$1,655$934$503$261$132$90
49 years$1,602$892$473$241$120$81
50 years$1,552$852$444$223$109$73

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $1,590,000, adding $6,931 every year, while hoping to spend $53,881 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: 55/30/15 Blend
65$1,590,000$1,590,000$1,590,000$1,590,000
66$1,759,329$1,675,059$1,650,414$1,848,784
67$1,881,452$1,699,808$1,648,374$1,935,164
68$2,014,225$1,723,964$1,644,460$2,022,770
69$2,158,679$1,747,441$1,638,552$2,116,936
70$2,315,945$1,770,146$1,630,524$2,218,302
71$2,487,270$1,791,983$1,620,246$2,327,571
72$2,674,027$1,812,844$1,607,579$2,445,521
73$2,877,723$1,832,620$1,592,379$2,573,008
74$3,100,022$1,851,189$1,574,494$2,710,979
75$3,342,751$1,868,424$1,553,766$2,860,478
76$3,607,924$1,884,189$1,530,030$3,022,656
77$3,897,757$1,898,340$1,503,111$3,198,786
78$4,214,691$1,910,721$1,472,828$3,390,268
79$4,561,413$1,921,169$1,438,991$3,598,651
80$4,940,879$1,929,509$1,401,400$3,825,641
81$5,356,349$1,935,555$1,359,847$4,073,123
82$5,811,409$1,939,109$1,314,114$4,343,175
83$6,310,009$1,939,962$1,263,973$4,638,090
84$6,856,501$1,937,891$1,209,187$4,960,398
85$7,455,675$1,932,659$1,149,505$5,312,891
86$8,112,808$1,924,014$1,084,669$5,698,647
87$8,833,714$1,911,690$1,014,405$6,121,064
88$9,624,795$1,895,405$938,429$6,583,890
89$10,493,102$1,874,858$856,445$7,091,257
90$11,446,404$1,849,731$768,141$7,647,728
91$12,493,257$1,819,688$673,193$8,258,331
92$13,643,087$1,784,371$571,264$8,928,616
93$14,906,280$1,743,402$461,998$9,664,702
94$16,294,273$1,696,382$345,028$10,473,341
95$17,819,669$1,642,885$219,967$11,361,977
96$19,496,352$1,582,463$86,413$12,338,822
97$21,339,618$1,514,642$0$13,412,933
98$23,366,318$1,438,918$0$14,603,278
99$25,595,019$1,354,761$0$15,927,235
100$28,046,175$1,261,608$0$17,383,179