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%11.6%
1 years$131,301$130,131$128,990$127,876$126,789$125,937
2 years$65,000$63,790$62,617$61,479$60,376$59,517
3 years$42,903$41,687$40,517$39,390$38,305$37,465
4 years$31,857$30,645$29,486$28,378$27,319$26,505
5 years$25,231$24,026$22,882$21,797$20,768$19,982
6 years$20,815$19,619$18,492$17,432$16,433$15,676
7 years$17,662$16,476$15,367$14,331$13,364$12,637
8 years$15,298$14,123$13,033$12,022$11,087$10,390
9 years$13,460$12,296$11,225$10,240$9,337$8,669
10 years$11,991$10,839$9,786$8,827$7,955$7,316
11 years$10,790$9,649$8,616$7,682$6,842$6,232
12 years$9,790$8,661$7,646$6,738$5,929$5,347
13 years$8,944$7,827$6,831$5,949$5,170$4,615
14 years$8,220$7,114$6,138$5,281$4,532$4,004
15 years$7,593$6,499$5,542$4,710$3,991$3,489
16 years$7,044$5,963$5,024$4,217$3,527$3,050
17 years$6,561$5,491$4,572$3,789$3,127$2,675
18 years$6,132$5,074$4,174$3,415$2,781$2,352
19 years$5,749$4,703$3,821$3,085$2,478$2,073
20 years$5,404$4,370$3,507$2,794$2,214$1,831
21 years$5,092$4,071$3,225$2,536$1,981$1,619
22 years$4,810$3,800$2,973$2,306$1,776$1,434
23 years$4,552$3,554$2,745$2,100$1,594$1,272
24 years$4,316$3,330$2,538$1,915$1,433$1,130
25 years$4,099$3,125$2,351$1,749$1,289$1,004
26 years$3,900$2,937$2,180$1,599$1,161$894
27 years$3,715$2,764$2,025$1,464$1,047$796
28 years$3,544$2,604$1,882$1,341$945$709
29 years$3,385$2,457$1,752$1,230$853$632
30 years$3,237$2,320$1,632$1,129$771$564
31 years$3,098$2,193$1,521$1,037$697$503
32 years$2,969$2,075$1,419$953$630$449
33 years$2,847$1,965$1,325$876$570$401
34 years$2,734$1,863$1,238$806$517$359
35 years$2,626$1,767$1,158$742$468$320
36 years$2,525$1,677$1,083$683$424$287
37 years$2,430$1,593$1,014$630$384$256
38 years$2,340$1,514$949$580$348$229
39 years$2,255$1,439$889$535$316$205
40 years$2,174$1,369$833$494$286$183
41 years$2,097$1,304$782$455$260$164
42 years$2,024$1,241$733$420$236$147
43 years$1,955$1,183$688$388$214$132
44 years$1,889$1,128$646$358$194$118
45 years$1,826$1,075$606$331$176$105
46 years$1,766$1,026$569$306$160$94
47 years$1,709$979$535$282$145$85
48 years$1,655$934$503$261$132$76
49 years$1,602$892$473$241$120$68
50 years$1,552$852$444$223$109$61

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 $5,412 every year, while hoping to spend $45,036 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: 59/16/25 Blend
65$1,590,000$1,590,000$1,590,000$1,590,000
66$1,757,762$1,673,492$1,648,847$1,849,335
67$1,889,136$1,707,576$1,656,166$1,946,451
68$2,032,401$1,741,819$1,662,220$2,047,025
69$2,188,721$1,776,184$1,666,920$2,155,763
70$2,359,381$1,810,627$1,670,172$2,273,466
71$2,545,791$1,845,101$1,671,875$2,401,019
72$2,749,505$1,879,555$1,671,928$2,539,397
73$2,972,237$1,913,935$1,670,219$2,689,676
74$3,215,868$1,948,181$1,666,635$2,853,041
75$3,482,475$1,982,230$1,661,055$3,030,800
76$3,774,341$2,016,013$1,653,354$3,224,394
77$4,093,982$2,049,456$1,643,400$3,435,411
78$4,444,169$2,082,480$1,631,054$3,665,605
79$4,827,951$2,114,998$1,616,171$3,916,908
80$5,248,689$2,146,920$1,598,600$4,191,448
81$5,710,083$2,178,147$1,578,181$4,491,575
82$6,216,209$2,208,574$1,554,748$4,819,879
83$6,771,557$2,238,088$1,528,126$5,179,214
84$7,381,071$2,266,570$1,498,133$5,572,728
85$8,050,198$2,293,889$1,464,578$6,003,892
86$8,784,938$2,319,910$1,427,262$6,476,532
87$9,591,900$2,344,484$1,385,974$6,994,868
88$10,478,366$2,367,456$1,340,496$7,563,550
89$11,452,357$2,388,659$1,290,600$8,187,707
90$12,522,708$2,407,914$1,236,046$8,872,993
91$13,699,155$2,425,032$1,176,584$9,625,640
92$14,992,422$2,439,812$1,111,953$10,452,520
93$16,414,324$2,452,039$1,041,879$11,361,210
94$17,977,880$2,461,483$966,077$12,360,061
95$19,697,432$2,467,904$884,248$13,458,280
96$21,588,780$2,471,042$796,081$14,666,019
97$23,669,336$2,470,623$701,250$15,994,466
98$25,958,282$2,466,357$599,415$17,455,957
99$28,476,751$2,457,933$490,221$19,064,090
100$31,248,033$2,445,025$373,296$20,833,857