Can I retire at age 66 with 1,640,000?

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 $1,640,000?

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 years$135,430$134,223$133,046$131,898$130,776$130,225
2 years$67,044$65,796$64,586$63,412$62,274$61,718
3 years$44,252$42,998$41,791$40,629$39,509$38,965
4 years$32,858$31,608$30,413$29,271$28,178$27,650
5 years$26,024$24,781$23,602$22,483$21,421$20,910
6 years$21,469$20,236$19,074$17,980$16,950$16,457
7 years$18,217$16,994$15,850$14,782$13,784$13,311
8 years$15,779$14,567$13,442$12,400$11,436$10,981
9 years$13,884$12,683$11,578$10,562$9,630$9,194
10 years$12,368$11,180$10,094$9,105$8,206$7,788
11 years$11,129$9,953$8,887$7,924$7,057$6,657
12 years$10,098$8,933$7,887$6,950$6,116$5,733
13 years$9,225$8,073$7,046$6,136$5,333$4,968
14 years$8,478$7,338$6,331$5,447$4,675$4,327
15 years$7,831$6,703$5,716$4,858$4,116$3,785
16 years$7,266$6,150$5,182$4,350$3,638$3,323
17 years$6,767$5,664$4,716$3,908$3,225$2,926
18 years$6,325$5,234$4,305$3,522$2,868$2,584
19 years$5,929$4,851$3,941$3,182$2,556$2,287
20 years$5,574$4,507$3,617$2,882$2,283$2,028
21 years$5,253$4,199$3,327$2,616$2,043$1,802
22 years$4,961$3,919$3,066$2,378$1,832$1,603
23 years$4,695$3,666$2,831$2,166$1,644$1,429
24 years$4,452$3,434$2,618$1,976$1,478$1,275
25 years$4,228$3,223$2,425$1,804$1,330$1,138
26 years$4,022$3,029$2,249$1,650$1,198$1,017
27 years$3,832$2,851$2,088$1,510$1,080$910
28 years$3,655$2,686$1,941$1,383$974$815
29 years$3,491$2,534$1,807$1,269$880$730
30 years$3,338$2,393$1,683$1,164$795$654
31 years$3,196$2,262$1,569$1,069$719$587
32 years$3,062$2,141$1,464$983$650$527
33 years$2,937$2,027$1,367$904$588$473
34 years$2,819$1,921$1,277$831$533$424
35 years$2,709$1,822$1,194$765$483$381
36 years$2,605$1,730$1,117$705$437$343
37 years$2,506$1,643$1,045$650$396$308
38 years$2,413$1,561$979$599$359$277
39 years$2,325$1,485$917$552$326$249
40 years$2,242$1,412$860$509$295$224
41 years$2,163$1,345$806$470$268$201
42 years$2,088$1,281$756$434$243$181
43 years$2,017$1,220$710$400$221$163
44 years$1,949$1,163$666$370$200$147
45 years$1,884$1,109$625$341$182$132
46 years$1,822$1,058$587$315$165$119
47 years$1,763$1,010$552$291$150$107
48 years$1,707$964$519$269$136$96
49 years$1,653$920$487$249$124$87
50 years$1,601$879$458$230$112$78

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $1,640,000, adding $4,017 every year, while hoping to spend $32,518 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: 80/5/15 Blend
65$1,640,000$1,640,000$1,640,000$1,640,000
66$1,811,424$1,724,504$1,699,084$1,950,433
67$1,961,590$1,774,405$1,721,404$2,092,348
68$2,125,983$1,825,662$1,743,382$2,243,470
69$2,306,021$1,878,307$1,764,973$2,408,399
70$2,503,262$1,932,371$1,786,127$2,588,505
71$2,719,426$1,987,889$1,806,793$2,785,298
72$2,956,405$2,044,893$1,826,918$3,000,438
73$3,216,283$2,103,417$1,846,445$3,235,757
74$3,501,356$2,163,497$1,865,313$3,493,270
75$3,814,152$2,225,166$1,883,459$3,775,200
76$4,157,457$2,288,460$1,900,816$4,083,992
77$4,534,338$2,353,415$1,917,313$4,422,343
78$4,948,175$2,420,067$1,932,877$4,793,223
79$5,402,690$2,488,451$1,947,430$5,199,902
80$5,901,984$2,558,606$1,960,889$5,645,987
81$6,450,575$2,630,566$1,973,168$6,135,448
82$7,053,440$2,704,370$1,984,175$6,672,661
83$7,716,062$2,780,055$1,993,816$7,262,448
84$8,444,482$2,857,659$2,001,990$7,910,119
85$9,245,353$2,937,219$2,008,591$8,621,528
86$10,126,009$3,018,772$2,013,508$9,403,124
87$11,094,527$3,102,357$2,016,626$10,262,011
88$12,159,807$3,188,011$2,017,821$11,206,021
89$13,331,655$3,275,772$2,016,966$12,243,779
90$14,620,876$3,365,676$2,013,927$13,384,793
91$16,039,373$3,457,762$2,008,561$14,639,536
92$17,600,263$3,552,066$2,000,721$16,019,551
93$19,317,997$3,648,624$1,990,252$17,537,558
94$21,208,498$3,747,473$1,976,992$19,207,570
95$23,289,313$3,848,647$1,960,769$21,045,033
96$25,579,774$3,952,182$1,941,406$23,066,963
97$28,101,183$4,058,111$1,918,715$25,292,114
98$30,877,012$4,166,466$1,892,500$27,741,150
99$33,933,125$4,277,281$1,862,557$30,436,844
100$37,298,021$4,390,585$1,828,670$33,404,288