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%18.5%
1 years$131,301$130,131$128,990$127,876$126,789$122,436
2 years$65,000$63,790$62,617$61,479$60,376$56,035
3 years$42,903$41,687$40,517$39,390$38,305$34,112
4 years$31,857$30,645$29,486$28,378$27,319$23,307
5 years$25,231$24,026$22,882$21,797$20,768$16,946
6 years$20,815$19,619$18,492$17,432$16,433$12,805
7 years$17,662$16,476$15,367$14,331$13,364$9,929
8 years$15,298$14,123$13,033$12,022$11,087$7,843
9 years$13,460$12,296$11,225$10,240$9,337$6,279
10 years$11,991$10,839$9,786$8,827$7,955$5,079
11 years$10,790$9,649$8,616$7,682$6,842$4,141
12 years$9,790$8,661$7,646$6,738$5,929$3,397
13 years$8,944$7,827$6,831$5,949$5,170$2,801
14 years$8,220$7,114$6,138$5,281$4,532$2,319
15 years$7,593$6,499$5,542$4,710$3,991$1,926
16 years$7,044$5,963$5,024$4,217$3,527$1,604
17 years$6,561$5,491$4,572$3,789$3,127$1,339
18 years$6,132$5,074$4,174$3,415$2,781$1,120
19 years$5,749$4,703$3,821$3,085$2,478$938
20 years$5,404$4,370$3,507$2,794$2,214$786
21 years$5,092$4,071$3,225$2,536$1,981$660
22 years$4,810$3,800$2,973$2,306$1,776$554
23 years$4,552$3,554$2,745$2,100$1,594$466
24 years$4,316$3,330$2,538$1,915$1,433$392
25 years$4,099$3,125$2,351$1,749$1,289$330
26 years$3,900$2,937$2,180$1,599$1,161$278
27 years$3,715$2,764$2,025$1,464$1,047$234
28 years$3,544$2,604$1,882$1,341$945$197
29 years$3,385$2,457$1,752$1,230$853$166
30 years$3,237$2,320$1,632$1,129$771$140
31 years$3,098$2,193$1,521$1,037$697$118
32 years$2,969$2,075$1,419$953$630$100
33 years$2,847$1,965$1,325$876$570$84
34 years$2,734$1,863$1,238$806$517$71
35 years$2,626$1,767$1,158$742$468$60
36 years$2,525$1,677$1,083$683$424$50
37 years$2,430$1,593$1,014$630$384$42
38 years$2,340$1,514$949$580$348$36
39 years$2,255$1,439$889$535$316$30
40 years$2,174$1,369$833$494$286$26
41 years$2,097$1,304$782$455$260$22
42 years$2,024$1,241$733$420$236$18
43 years$1,955$1,183$688$388$214$15
44 years$1,889$1,128$646$358$194$13
45 years$1,826$1,075$606$331$176$11
46 years$1,766$1,026$569$306$160$9
47 years$1,709$979$535$282$145$8
48 years$1,655$934$503$261$132$7
49 years$1,602$892$473$241$120$6
50 years$1,552$852$444$223$109$5

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 $6,964 every year, while hoping to spend $25,645 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: 41/50/9 Blend
65$1,590,000$1,590,000$1,590,000$1,590,000
66$1,759,363$1,675,093$1,650,448$1,826,520
67$1,911,532$1,729,887$1,678,452$1,929,007
68$2,078,363$1,786,506$1,706,535$2,036,753
69$2,261,324$1,845,012$1,734,672$2,152,784
70$2,462,032$1,905,471$1,762,836$2,277,862
71$2,682,270$1,967,949$1,791,001$2,412,824
72$2,923,998$2,032,516$1,819,137$2,558,592
73$3,189,379$2,099,242$1,847,211$2,716,175
74$3,480,794$2,168,203$1,875,191$2,886,686
75$3,800,865$2,239,475$1,903,040$3,071,347
76$4,152,481$2,313,138$1,930,720$3,271,502
77$4,538,827$2,389,274$1,958,191$3,488,628
78$4,963,407$2,467,969$1,985,411$3,724,350
79$5,430,086$2,549,310$2,012,334$3,980,457
80$5,943,119$2,633,391$2,038,911$4,258,914
81$6,507,195$2,720,305$2,065,092$4,561,886
82$7,127,480$2,810,151$2,090,824$4,891,752
83$7,809,665$2,903,030$2,116,049$5,251,134
84$8,560,022$2,999,049$2,140,707$5,642,914
85$9,385,458$3,098,317$2,164,735$6,070,264
86$10,293,587$3,200,947$2,188,066$6,536,679
87$11,292,796$3,307,056$2,210,629$7,046,002
88$12,392,326$3,416,767$2,232,350$7,602,466
89$13,602,359$3,530,204$2,253,150$8,210,730
90$14,934,115$3,647,500$2,272,946$8,875,925
91$16,399,957$3,768,789$2,291,651$9,603,699
92$18,013,505$3,894,212$2,309,174$10,400,272
93$19,789,768$4,023,914$2,325,417$11,272,492
94$21,745,285$4,158,047$2,340,279$12,227,902
95$23,898,279$4,296,766$2,353,654$13,274,808
96$26,268,831$4,440,235$2,365,428$14,422,357
97$28,879,065$4,588,620$2,375,484$15,680,623
98$31,753,365$4,742,097$2,383,697$17,060,703
99$34,918,595$4,900,847$2,389,938$18,574,818
100$38,404,359$5,065,056$2,394,068$20,236,428