Can I retire at age 66 with 1,650,000?

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 $1,650,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.4%
1 years$136,255$135,042$133,858$132,702$131,573$127,617
2 years$67,453$66,197$64,979$63,799$62,654$58,702
3 years$44,522$43,260$42,046$40,877$39,750$35,925
4 years$33,059$31,801$30,599$29,449$28,350$24,682
5 years$26,183$24,932$23,746$22,620$21,551$18,050
6 years$21,600$20,359$19,190$18,089$17,053$13,722
7 years$18,328$17,098$15,947$14,872$13,869$10,708
8 years$15,875$14,656$13,524$12,476$11,505$8,512
9 years$13,968$12,761$11,649$10,627$9,689$6,861
10 years$12,444$11,248$10,156$9,160$8,256$5,588
11 years$11,197$10,013$8,941$7,972$7,100$4,589
12 years$10,159$8,987$7,935$6,993$6,153$3,792
13 years$9,281$8,122$7,089$6,174$5,365$3,151
14 years$8,530$7,383$6,370$5,480$4,703$2,628
15 years$7,879$6,744$5,751$4,887$4,141$2,200
16 years$7,310$6,188$5,214$4,376$3,660$1,847
17 years$6,809$5,699$4,745$3,932$3,245$1,554
18 years$6,363$5,266$4,331$3,543$2,885$1,310
19 years$5,966$4,880$3,965$3,202$2,572$1,106
20 years$5,608$4,535$3,639$2,900$2,297$935
21 years$5,285$4,224$3,347$2,632$2,056$792
22 years$4,991$3,943$3,085$2,393$1,843$671
23 years$4,724$3,688$2,848$2,179$1,654$569
24 years$4,479$3,455$2,634$1,988$1,487$483
25 years$4,254$3,243$2,440$1,815$1,338$410
26 years$4,047$3,048$2,263$1,660$1,205$348
27 years$3,855$2,868$2,101$1,519$1,086$296
28 years$3,677$2,703$1,953$1,392$980$252
29 years$3,512$2,550$1,818$1,276$885$214
30 years$3,359$2,408$1,693$1,171$800$182
31 years$3,215$2,276$1,578$1,076$723$155
32 years$3,081$2,154$1,473$989$654$132
33 years$2,955$2,040$1,375$909$592$112
34 years$2,837$1,933$1,285$837$536$95
35 years$2,725$1,834$1,201$770$485$81
36 years$2,621$1,740$1,124$709$440$69
37 years$2,522$1,653$1,052$653$399$59
38 years$2,428$1,571$985$602$361$50
39 years$2,340$1,494$923$555$328$43
40 years$2,256$1,421$865$512$297$36
41 years$2,176$1,353$811$473$270$31
42 years$2,101$1,288$761$436$245$26
43 years$2,029$1,228$714$403$222$22
44 years$1,960$1,170$670$372$202$19
45 years$1,895$1,116$629$343$183$16
46 years$1,833$1,064$591$317$166$14
47 years$1,774$1,016$555$293$151$12
48 years$1,717$970$522$271$137$10
49 years$1,663$926$490$250$124$9
50 years$1,611$885$461$231$113$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $1,650,000, adding $2,723 every year, while hoping to spend $22,502 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: 44/34/22 Blend
65$1,650,000$1,650,000$1,650,000$1,650,000
66$1,821,109$1,733,659$1,708,084$1,889,519
67$1,982,920$1,794,666$1,741,363$1,999,147
68$2,160,482$1,857,909$1,775,002$2,115,500
69$2,355,377$1,923,472$1,808,991$2,241,166
70$2,569,349$1,991,446$1,843,315$2,377,020
71$2,804,318$2,061,922$1,877,962$2,524,023
72$3,062,400$2,134,999$1,912,916$2,683,232
73$3,345,927$2,210,775$1,948,160$2,855,808
74$3,657,464$2,289,356$1,983,676$3,043,031
75$3,999,841$2,370,850$2,019,445$3,246,306
76$4,376,174$2,455,371$2,055,446$3,467,180
77$4,789,897$2,543,037$2,091,656$3,707,354
78$5,244,790$2,633,969$2,128,050$3,968,701
79$5,745,022$2,728,297$2,164,603$4,253,280
80$6,295,183$2,826,153$2,201,286$4,563,359
81$6,900,332$2,927,674$2,238,070$4,901,434
82$7,566,042$3,033,006$2,274,921$5,270,250
83$8,298,453$3,142,299$2,311,806$5,672,831
84$9,104,332$3,255,708$2,348,688$6,112,506
85$9,991,132$3,373,396$2,385,528$6,592,936
86$10,967,068$3,495,533$2,422,283$7,118,158
87$12,041,190$3,622,295$2,458,911$7,692,611
88$13,223,471$3,753,867$2,495,363$8,321,186
89$14,524,897$3,890,438$2,531,590$9,009,268
90$15,957,577$4,032,210$2,567,539$9,762,786
91$17,534,851$4,179,389$2,603,152$10,588,271
92$19,271,419$4,332,193$2,638,372$11,492,914
93$21,183,479$4,490,846$2,673,133$12,484,636
94$23,288,881$4,655,585$2,707,370$13,572,160
95$25,607,291$4,826,653$2,741,011$14,765,093
96$28,160,382$5,004,306$2,773,982$16,074,018
97$30,972,035$5,188,810$2,806,204$17,510,591
98$34,068,563$5,380,443$2,837,593$19,087,652
99$37,478,965$5,579,493$2,868,061$20,819,345
100$41,235,194$5,786,262$2,897,514$22,721,248