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

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 $1,650,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19%
1 years$136,255$135,042$133,858$132,702$131,573$126,804
2 years$67,453$66,197$64,979$63,799$62,654$57,901
3 years$44,522$43,260$42,046$40,877$39,750$35,164
4 years$33,059$31,801$30,599$29,449$28,350$23,965
5 years$26,183$24,932$23,746$22,620$21,551$17,379
6 years$21,600$20,359$19,190$18,089$17,053$13,096
7 years$18,328$17,098$15,947$14,872$13,869$10,126
8 years$15,875$14,656$13,524$12,476$11,505$7,974
9 years$13,968$12,761$11,649$10,627$9,689$6,365
10 years$12,444$11,248$10,156$9,160$8,256$5,132
11 years$11,197$10,013$8,941$7,972$7,100$4,171
12 years$10,159$8,987$7,935$6,993$6,153$3,411
13 years$9,281$8,122$7,089$6,174$5,365$2,803
14 years$8,530$7,383$6,370$5,480$4,703$2,312
15 years$7,879$6,744$5,751$4,887$4,141$1,914
16 years$7,310$6,188$5,214$4,376$3,660$1,588
17 years$6,809$5,699$4,745$3,932$3,245$1,321
18 years$6,363$5,266$4,331$3,543$2,885$1,100
19 years$5,966$4,880$3,965$3,202$2,572$918
20 years$5,608$4,535$3,639$2,900$2,297$767
21 years$5,285$4,224$3,347$2,632$2,056$641
22 years$4,991$3,943$3,085$2,393$1,843$536
23 years$4,724$3,688$2,848$2,179$1,654$449
24 years$4,479$3,455$2,634$1,988$1,487$376
25 years$4,254$3,243$2,440$1,815$1,338$315
26 years$4,047$3,048$2,263$1,660$1,205$264
27 years$3,855$2,868$2,101$1,519$1,086$222
28 years$3,677$2,703$1,953$1,392$980$186
29 years$3,512$2,550$1,818$1,276$885$156
30 years$3,359$2,408$1,693$1,171$800$131
31 years$3,215$2,276$1,578$1,076$723$110
32 years$3,081$2,154$1,473$989$654$92
33 years$2,955$2,040$1,375$909$592$78
34 years$2,837$1,933$1,285$837$536$65
35 years$2,725$1,834$1,201$770$485$55
36 years$2,621$1,740$1,124$709$440$46
37 years$2,522$1,653$1,052$653$399$39
38 years$2,428$1,571$985$602$361$32
39 years$2,340$1,494$923$555$328$27
40 years$2,256$1,421$865$512$297$23
41 years$2,176$1,353$811$473$270$19
42 years$2,101$1,288$761$436$245$16
43 years$2,029$1,228$714$403$222$14
44 years$1,960$1,170$670$372$202$11
45 years$1,895$1,116$629$343$183$10
46 years$1,833$1,064$591$317$166$8
47 years$1,774$1,016$555$293$151$7
48 years$1,717$970$522$271$137$6
49 years$1,663$926$490$250$124$5
50 years$1,611$885$461$231$113$4

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 $4,966 every year, while hoping to spend $42,307 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: 50/35/15 Blend
65$1,650,000$1,650,000$1,650,000$1,650,000
66$1,823,422$1,735,972$1,710,397$1,906,848
67$1,964,397$1,776,021$1,722,681$2,004,801
68$2,118,333$1,816,614$1,733,959$2,106,376
69$2,286,509$1,857,733$1,744,152$2,215,825
70$2,470,329$1,899,358$1,753,177$2,333,902
71$2,671,343$1,941,467$1,760,949$2,461,439
72$2,891,255$1,984,034$1,767,376$2,599,353
73$3,131,942$2,027,030$1,772,362$2,748,652
74$3,395,471$2,070,426$1,775,807$2,910,449
75$3,684,118$2,114,186$1,777,606$3,085,968
76$4,000,391$2,158,274$1,777,648$3,276,560
77$4,347,048$2,202,647$1,775,817$3,483,713
78$4,727,131$2,247,261$1,771,991$3,709,067
79$5,143,989$2,292,066$1,766,043$3,954,430
80$5,601,308$2,337,010$1,757,838$4,221,792
81$6,103,152$2,382,034$1,747,236$4,513,350
82$6,653,995$2,427,075$1,734,089$4,831,524
83$7,258,766$2,472,065$1,718,245$5,178,980
84$7,922,894$2,516,931$1,699,541$5,558,658
85$8,652,362$2,561,593$1,677,808$5,973,799
86$9,453,757$2,605,965$1,652,868$6,427,974
87$10,334,338$2,649,956$1,624,538$6,925,120
88$11,302,102$2,693,465$1,592,621$7,469,578
89$12,365,858$2,736,387$1,556,916$8,066,130
90$13,535,312$2,778,606$1,517,209$8,720,050
91$14,821,157$2,820,000$1,473,278$9,437,149
92$16,235,173$2,860,438$1,424,891$10,223,836
93$17,790,340$2,899,779$1,371,804$11,087,172
94$19,500,957$2,937,871$1,313,762$12,034,943
95$21,382,782$2,974,554$1,250,501$13,075,729
96$23,453,174$3,009,656$1,181,741$14,218,990
97$25,731,261$3,042,991$1,107,192$15,475,153
98$28,238,117$3,074,365$1,026,550$16,855,712
99$30,996,964$3,103,568$939,498$18,373,334
100$34,033,387$3,130,376$845,705$20,041,986