Can I retire at age 66 with 1,630,000?

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 $1,630,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.6%
1 years$134,604$133,405$132,235$131,093$129,978$125,969
2 years$66,636$65,395$64,192$63,026$61,895$57,890
3 years$43,982$42,736$41,536$40,381$39,268$35,395
4 years$32,658$31,416$30,228$29,092$28,007$24,293
5 years$25,865$24,630$23,458$22,346$21,290$17,747
6 years$21,338$20,112$18,958$17,870$16,846$13,477
7 years$18,106$16,890$15,754$14,692$13,700$10,504
8 years$15,683$14,478$13,361$12,325$11,366$8,341
9 years$13,799$12,606$11,507$10,498$9,572$6,714
10 years$12,293$11,111$10,032$9,049$8,156$5,462
11 years$11,061$9,892$8,832$7,876$7,014$4,479
12 years$10,036$8,878$7,839$6,908$6,078$3,697
13 years$9,169$8,023$7,003$6,099$5,300$3,067
14 years$8,426$7,293$6,292$5,414$4,646$2,555
15 years$7,784$6,662$5,681$4,828$4,091$2,136
16 years$7,222$6,113$5,151$4,323$3,616$1,791
17 years$6,726$5,629$4,687$3,884$3,206$1,504
18 years$6,286$5,202$4,279$3,500$2,850$1,266
19 years$5,893$4,821$3,917$3,163$2,541$1,068
20 years$5,540$4,480$3,595$2,865$2,269$901
21 years$5,221$4,173$3,306$2,600$2,031$762
22 years$4,931$3,895$3,047$2,364$1,820$645
23 years$4,666$3,643$2,814$2,153$1,634$546
24 years$4,425$3,413$2,602$1,964$1,469$462
25 years$4,202$3,203$2,410$1,793$1,322$392
26 years$3,998$3,011$2,235$1,640$1,190$332
27 years$3,808$2,833$2,076$1,501$1,073$282
28 years$3,633$2,670$1,930$1,375$968$239
29 years$3,470$2,519$1,796$1,261$875$203
30 years$3,318$2,379$1,673$1,157$790$173
31 years$3,176$2,249$1,559$1,063$714$147
32 years$3,043$2,128$1,455$977$646$125
33 years$2,919$2,015$1,358$898$585$106
34 years$2,802$1,910$1,269$826$529$90
35 years$2,692$1,811$1,187$761$480$76
36 years$2,589$1,719$1,110$701$435$65
37 years$2,491$1,633$1,039$646$394$55
38 years$2,399$1,552$973$595$357$47
39 years$2,311$1,476$912$549$324$40
40 years$2,228$1,404$854$506$294$34
41 years$2,150$1,336$801$467$266$29
42 years$2,075$1,273$752$431$242$24
43 years$2,004$1,213$705$398$219$21
44 years$1,937$1,156$662$367$199$18
45 years$1,872$1,102$622$339$181$15
46 years$1,811$1,052$584$313$164$13
47 years$1,752$1,003$548$289$149$11
48 years$1,696$958$515$267$135$9
49 years$1,643$915$484$247$123$8
50 years$1,591$874$455$228$112$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $1,630,000, adding $3,347 every year, while hoping to spend $57,032 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: 72/16/12 Blend
65$1,630,000$1,630,000$1,630,000$1,630,000
66$1,799,712$1,713,322$1,688,057$1,924,586
67$1,922,601$1,736,594$1,683,926$2,030,955
68$2,056,114$1,759,094$1,677,744$2,140,062
69$2,201,273$1,780,724$1,669,384$2,257,999
70$2,359,204$1,801,381$1,658,710$2,385,625
71$2,531,146$1,820,953$1,645,580$2,523,886
72$2,718,463$1,839,319$1,629,847$2,673,826
73$2,922,654$1,856,353$1,611,354$2,836,596
74$3,145,369$1,871,920$1,589,940$3,013,460
75$3,388,427$1,885,874$1,565,433$3,205,818
76$3,653,827$1,898,062$1,537,655$3,415,206
77$3,943,771$1,908,321$1,506,420$3,643,323
78$4,260,683$1,916,476$1,471,532$3,892,038
79$4,607,231$1,922,341$1,432,787$4,163,411
80$4,986,354$1,925,721$1,389,971$4,459,716
81$5,401,286$1,926,406$1,342,859$4,783,456
82$5,855,591$1,924,173$1,291,218$5,137,393
83$6,353,191$1,918,788$1,234,804$5,524,568
84$6,898,407$1,909,999$1,173,360$5,948,336
85$7,495,997$1,897,541$1,106,620$6,412,396
86$8,151,200$1,881,131$1,034,303$6,920,822
87$8,869,787$1,860,472$956,118$7,478,108
88$9,658,117$1,835,247$871,759$8,089,208
89$10,523,190$1,805,119$780,908$8,759,580
90$11,472,719$1,769,733$683,231$9,495,243
91$12,515,198$1,728,712$578,382$10,302,833
92$13,659,987$1,681,658$465,997$11,189,662
93$14,917,394$1,628,147$345,696$12,163,792
94$16,298,775$1,567,734$217,083$13,234,110
95$17,816,641$1,499,943$79,747$14,410,412
96$19,484,775$1,424,276$0$15,703,496
97$21,318,359$1,340,203$0$17,133,821
98$23,334,122$1,247,163$0$18,717,404
99$25,550,493$1,144,565$0$20,458,548
100$27,987,777$1,031,783$0$22,373,258