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

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 $1,660,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.9%
1 years$137,081$135,860$134,669$133,506$132,371$128,649
2 years$67,862$66,598$65,373$64,186$63,034$59,313
3 years$44,792$43,523$42,301$41,124$39,991$36,387
4 years$33,259$31,994$30,784$29,628$28,522$25,063
5 years$26,341$25,083$23,890$22,757$21,682$18,377
6 years$21,731$20,483$19,306$18,199$17,156$14,008
7 years$18,439$17,201$16,044$14,962$13,953$10,962
8 years$15,971$14,745$13,606$12,552$11,575$8,740
9 years$14,053$12,838$11,719$10,691$9,748$7,066
10 years$12,519$11,316$10,217$9,216$8,306$5,773
11 years$11,265$10,074$8,995$8,021$7,143$4,756
12 years$10,221$9,042$7,983$7,035$6,190$3,944
13 years$9,338$8,171$7,132$6,211$5,398$3,287
14 years$8,582$7,427$6,408$5,513$4,732$2,752
15 years$7,927$6,785$5,786$4,917$4,166$2,312
16 years$7,354$6,225$5,246$4,403$3,682$1,948
17 years$6,850$5,733$4,773$3,956$3,265$1,645
18 years$6,402$5,298$4,357$3,565$2,903$1,392
19 years$6,002$4,910$3,989$3,221$2,587$1,180
20 years$5,642$4,562$3,661$2,917$2,311$1,001
21 years$5,317$4,250$3,367$2,648$2,068$851
22 years$5,021$3,967$3,104$2,407$1,854$724
23 years$4,752$3,710$2,866$2,192$1,664$616
24 years$4,506$3,476$2,650$2,000$1,496$525
25 years$4,280$3,262$2,455$1,826$1,346$447
26 years$4,071$3,066$2,276$1,670$1,212$382
27 years$3,878$2,885$2,114$1,528$1,093$326
28 years$3,700$2,719$1,965$1,400$986$278
29 years$3,534$2,565$1,829$1,284$891$237
30 years$3,379$2,422$1,703$1,179$805$203
31 years$3,235$2,290$1,588$1,082$728$173
32 years$3,099$2,167$1,482$995$658$148
33 years$2,973$2,052$1,383$915$596$126
34 years$2,854$1,945$1,293$842$539$108
35 years$2,742$1,845$1,208$775$488$92
36 years$2,636$1,751$1,131$714$443$79
37 years$2,537$1,663$1,058$657$401$68
38 years$2,443$1,580$991$606$364$58
39 years$2,354$1,503$928$559$330$49
40 years$2,269$1,430$870$515$299$42
41 years$2,189$1,361$816$475$271$36
42 years$2,113$1,296$765$439$246$31
43 years$2,041$1,235$718$405$223$26
44 years$1,972$1,177$674$374$203$23
45 years$1,907$1,123$633$345$184$19
46 years$1,844$1,071$595$319$167$17
47 years$1,785$1,022$559$295$152$14
48 years$1,727$976$525$272$138$12
49 years$1,673$932$493$252$125$10
50 years$1,621$890$464$233$114$9

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 $2,369 every year, while hoping to spend $49,644 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: 41/30/29 Blend
65$1,660,000$1,660,000$1,660,000$1,660,000
66$1,831,764$1,743,784$1,718,054$1,891,161
67$1,965,783$1,776,408$1,722,788$1,967,059
68$2,111,808$1,808,968$1,726,016$2,044,361
69$2,271,011$1,841,406$1,727,637$2,127,100
70$2,444,683$1,873,664$1,727,541$2,215,808
71$2,634,243$1,905,676$1,725,617$2,311,074
72$2,841,255$1,937,373$1,721,744$2,413,545
73$3,067,439$1,968,680$1,715,798$2,523,939
74$3,314,690$1,999,517$1,707,649$2,643,046
75$3,585,093$2,029,798$1,697,160$2,771,742
76$3,880,945$2,059,431$1,684,187$2,910,993
77$4,204,774$2,088,315$1,668,580$3,061,863
78$4,559,364$2,116,347$1,650,182$3,225,531
79$4,947,783$2,143,411$1,628,826$3,403,298
80$5,373,406$2,169,388$1,604,341$3,596,600
81$5,839,953$2,194,147$1,576,546$3,807,021
82$6,351,519$2,217,551$1,545,251$4,036,312
83$6,912,615$2,239,452$1,510,258$4,286,407
84$7,528,210$2,259,694$1,471,360$4,559,438
85$8,203,777$2,278,108$1,428,340$4,857,760
86$8,945,344$2,294,517$1,380,971$5,183,975
87$9,759,552$2,308,731$1,329,016$5,540,950
88$10,653,714$2,320,547$1,272,226$5,931,853
89$11,635,890$2,329,751$1,210,343$6,360,180
90$12,714,956$2,336,114$1,143,095$6,829,789
91$13,900,692$2,339,393$1,070,198$7,344,937
92$15,203,869$2,339,331$991,357$7,910,321
93$16,636,359$2,335,652$906,262$8,531,126
94$18,211,235$2,328,067$814,590$9,213,070
95$19,942,905$2,316,266$716,002$9,962,466
96$21,847,240$2,299,922$610,147$10,786,275
97$23,941,727$2,278,686$496,655$11,692,180
98$26,245,633$2,252,192$375,143$12,688,653
99$28,780,185$2,220,047$245,209$13,785,044
100$31,568,773$2,181,839$106,432$14,991,663