Can I retire at age 66 with 1,620,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $1,620,000?

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$133,778$132,586$131,424$130,289$129,181$128,313
2 years$66,227$64,993$63,798$62,639$61,515$60,639
3 years$43,713$42,474$41,282$40,133$39,028$38,172
4 years$32,458$31,223$30,042$28,914$27,835$27,005
5 years$25,707$24,479$23,314$22,209$21,160$20,359
6 years$21,207$19,989$18,841$17,760$16,743$15,972
7 years$17,995$16,787$15,657$14,602$13,616$12,876
8 years$15,586$14,389$13,279$12,249$11,296$10,586
9 years$13,714$12,528$11,437$10,434$9,513$8,832
10 years$12,217$11,043$9,971$8,994$8,106$7,454
11 years$10,994$9,831$8,778$7,827$6,971$6,349
12 years$9,974$8,824$7,790$6,866$6,041$5,448
13 years$9,113$7,974$6,960$6,061$5,268$4,703
14 years$8,375$7,248$6,254$5,381$4,618$4,080
15 years$7,736$6,622$5,646$4,798$4,066$3,554
16 years$7,177$6,075$5,119$4,297$3,593$3,108
17 years$6,685$5,595$4,658$3,860$3,186$2,726
18 years$6,248$5,170$4,252$3,479$2,833$2,397
19 years$5,857$4,791$3,893$3,144$2,525$2,112
20 years$5,506$4,452$3,573$2,847$2,255$1,865
21 years$5,189$4,147$3,286$2,584$2,018$1,650
22 years$4,900$3,871$3,029$2,349$1,809$1,461
23 years$4,638$3,621$2,797$2,140$1,624$1,296
24 years$4,397$3,392$2,586$1,951$1,460$1,151
25 years$4,177$3,184$2,395$1,782$1,314$1,023
26 years$3,973$2,992$2,222$1,630$1,183$910
27 years$3,785$2,816$2,063$1,492$1,067$811
28 years$3,611$2,653$1,918$1,367$963$722
29 years$3,449$2,503$1,785$1,253$869$644
30 years$3,298$2,364$1,662$1,150$785$574
31 years$3,157$2,235$1,550$1,056$710$513
32 years$3,025$2,115$1,446$971$642$458
33 years$2,901$2,003$1,350$893$581$409
34 years$2,785$1,898$1,261$821$526$365
35 years$2,676$1,800$1,179$756$477$327
36 years$2,573$1,709$1,103$696$432$292
37 years$2,476$1,623$1,033$642$391$261
38 years$2,384$1,542$967$591$355$233
39 years$2,297$1,467$906$545$322$209
40 years$2,215$1,395$849$503$292$187
41 years$2,137$1,328$796$464$265$167
42 years$2,062$1,265$747$428$240$150
43 years$1,992$1,205$701$395$218$134
44 years$1,925$1,149$658$365$198$120
45 years$1,861$1,095$618$337$180$107
46 years$1,800$1,045$580$311$163$96
47 years$1,742$997$545$288$148$86
48 years$1,686$952$512$266$135$77
49 years$1,633$909$481$246$122$69
50 years$1,582$868$453$227$111$62

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $1,620,000, adding $3,080 every year, while hoping to spend $23,744 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: 76/13/11 Blend
65$1,620,000$1,620,000$1,620,000$1,620,000
66$1,788,417$1,702,557$1,677,447$1,920,435
67$1,945,572$1,760,719$1,708,378$2,065,994
68$2,117,961$1,820,935$1,739,549$2,222,199
69$2,307,113$1,883,281$1,770,944$2,392,760
70$2,514,712$1,947,835$1,802,544$2,579,098
71$2,742,612$2,014,678$1,834,329$2,782,775
72$2,992,858$2,083,896$1,866,278$3,005,510
73$3,267,699$2,155,577$1,898,368$3,249,200
74$3,569,615$2,229,811$1,930,574$3,515,930
75$3,901,338$2,306,694$1,962,871$3,807,997
76$4,265,877$2,386,325$1,995,229$4,127,933
77$4,666,547$2,468,805$2,027,620$4,478,524
78$5,107,000$2,554,241$2,060,010$4,862,841
79$5,591,260$2,642,745$2,092,367$5,284,264
80$6,123,759$2,734,431$2,124,652$5,746,517
81$6,709,383$2,829,418$2,156,828$6,253,705
82$7,353,512$2,927,832$2,188,854$6,810,344
83$8,062,075$3,029,800$2,220,685$7,421,415
84$8,841,604$3,135,458$2,252,275$8,092,401
85$9,699,296$3,244,944$2,283,576$8,829,343
86$10,643,083$3,358,405$2,314,534$9,638,897
87$11,681,702$3,475,991$2,345,095$10,528,396
88$12,824,779$3,597,858$2,375,200$11,505,917
89$14,082,925$3,724,171$2,404,787$12,580,362
90$15,467,826$3,855,099$2,433,790$13,761,534
91$16,992,364$3,990,818$2,462,142$15,060,238
92$18,670,729$4,131,512$2,489,768$16,488,377
93$20,518,560$4,277,373$2,516,591$18,059,063
94$22,553,086$4,428,598$2,542,530$19,786,748
95$24,793,296$4,585,394$2,567,500$21,687,351
96$27,260,111$4,747,977$2,591,411$23,778,413
97$29,976,585$4,916,571$2,614,165$26,079,264
98$32,968,122$5,091,407$2,635,665$28,611,199
99$36,262,714$5,272,730$2,655,803$31,397,684
100$39,891,207$5,460,790$2,674,469$34,464,576