Can I retire at age 66 with 1,660,000?

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 $1,660,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$137,081$135,860$134,669$133,506$132,371$131,371
2 years$67,862$66,598$65,373$64,186$63,034$62,026
3 years$44,792$43,523$42,301$41,124$39,991$39,007
4 years$33,259$31,994$30,784$29,628$28,522$27,568
5 years$26,341$25,083$23,890$22,757$21,682$20,761
6 years$21,731$20,483$19,306$18,199$17,156$16,270
7 years$18,439$17,201$16,044$14,962$13,953$13,102
8 years$15,971$14,745$13,606$12,552$11,575$10,759
9 years$14,053$12,838$11,719$10,691$9,748$8,967
10 years$12,519$11,316$10,217$9,216$8,306$7,559
11 years$11,265$10,074$8,995$8,021$7,143$6,430
12 years$10,221$9,042$7,983$7,035$6,190$5,510
13 years$9,338$8,171$7,132$6,211$5,398$4,750
14 years$8,582$7,427$6,408$5,513$4,732$4,116
15 years$7,927$6,785$5,786$4,917$4,166$3,581
16 years$7,354$6,225$5,246$4,403$3,682$3,127
17 years$6,850$5,733$4,773$3,956$3,265$2,739
18 years$6,402$5,298$4,357$3,565$2,903$2,405
19 years$6,002$4,910$3,989$3,221$2,587$2,116
20 years$5,642$4,562$3,661$2,917$2,311$1,866
21 years$5,317$4,250$3,367$2,648$2,068$1,648
22 years$5,021$3,967$3,104$2,407$1,854$1,458
23 years$4,752$3,710$2,866$2,192$1,664$1,291
24 years$4,506$3,476$2,650$2,000$1,496$1,145
25 years$4,280$3,262$2,455$1,826$1,346$1,016
26 years$4,071$3,066$2,276$1,670$1,212$903
27 years$3,878$2,885$2,114$1,528$1,093$802
28 years$3,700$2,719$1,965$1,400$986$714
29 years$3,534$2,565$1,829$1,284$891$635
30 years$3,379$2,422$1,703$1,179$805$566
31 years$3,235$2,290$1,588$1,082$728$504
32 years$3,099$2,167$1,482$995$658$449
33 years$2,973$2,052$1,383$915$596$401
34 years$2,854$1,945$1,293$842$539$357
35 years$2,742$1,845$1,208$775$488$319
36 years$2,636$1,751$1,131$714$443$285
37 years$2,537$1,663$1,058$657$401$254
38 years$2,443$1,580$991$606$364$227
39 years$2,354$1,503$928$559$330$203
40 years$2,269$1,430$870$515$299$181
41 years$2,189$1,361$816$475$271$162
42 years$2,113$1,296$765$439$246$144
43 years$2,041$1,235$718$405$223$129
44 years$1,972$1,177$674$374$203$115
45 years$1,907$1,123$633$345$184$103
46 years$1,844$1,071$595$319$167$92
47 years$1,785$1,022$559$295$152$82
48 years$1,727$976$525$272$138$74
49 years$1,673$932$493$252$125$66
50 years$1,621$890$464$233$114$59

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $1,660,000, adding $6,437 every year, while hoping to spend $21,421 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: 36/36/28 Blend
65$1,660,000$1,660,000$1,660,000$1,660,000
66$1,835,960$1,747,980$1,722,250$1,886,430
67$2,000,436$1,810,839$1,757,153$1,987,396
68$2,180,971$1,876,060$1,792,508$2,093,925
69$2,379,179$1,943,737$1,828,307$2,208,522
70$2,596,841$2,013,966$1,864,541$2,331,928
71$2,835,917$2,086,848$1,901,201$2,464,957
72$3,098,566$2,162,489$1,938,277$2,608,500
73$3,387,166$2,240,998$1,975,756$2,763,541
74$3,704,339$2,322,489$2,013,625$2,931,158
75$4,052,972$2,407,080$2,051,872$3,112,537
76$4,436,245$2,494,897$2,090,479$3,308,983
77$4,857,663$2,586,068$2,129,431$3,521,930
78$5,321,086$2,680,727$2,168,709$3,752,955
79$5,830,769$2,779,015$2,208,293$4,003,793
80$6,391,397$2,881,077$2,248,161$4,276,352
81$7,008,136$2,987,065$2,288,290$4,572,731
82$7,686,673$3,097,139$2,328,655$4,895,240
83$8,433,278$3,211,463$2,369,229$5,246,421
84$9,254,857$3,330,210$2,409,984$5,629,070
85$10,159,022$3,453,559$2,450,887$6,046,265
86$11,154,156$3,581,697$2,491,905$6,501,395
87$12,249,500$3,714,820$2,533,004$6,998,188
88$13,455,233$3,853,131$2,574,145$7,540,749
89$14,782,575$3,996,842$2,615,286$8,133,596
90$16,243,885$4,146,175$2,656,386$8,781,705
91$17,852,784$4,301,360$2,697,397$9,490,553
92$19,624,278$4,462,637$2,738,271$10,266,169
93$21,574,907$4,630,259$2,778,955$11,115,196
94$23,722,891$4,804,485$2,819,394$12,044,944
95$26,088,312$4,985,591$2,859,529$13,063,466
96$28,693,294$5,173,859$2,899,297$14,179,629
97$31,562,220$5,369,588$2,938,634$15,403,200
98$34,721,955$5,573,087$2,977,467$16,744,934
99$38,202,106$5,784,680$3,015,724$18,216,675
100$42,035,296$6,004,704$3,053,325$19,831,473