Can I retire at age 66 with 1,690,000?

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 $1,690,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.4%
1 years$139,559$138,316$137,103$135,919$134,763$129,672
2 years$69,088$67,802$66,555$65,346$64,173$59,103
3 years$45,601$44,309$43,065$41,868$40,714$35,825
4 years$33,860$32,572$31,341$30,163$29,037$24,366
5 years$26,817$25,537$24,322$23,168$22,074$17,632
6 years$22,124$20,853$19,655$18,528$17,466$13,258
7 years$18,772$17,512$16,334$15,233$14,205$10,228
8 years$16,260$15,011$13,852$12,778$11,784$8,035
9 years$14,307$13,070$11,931$10,884$9,924$6,398
10 years$12,745$11,520$10,402$9,382$8,456$5,145
11 years$11,469$10,256$9,157$8,166$7,272$4,171
12 years$10,405$9,205$8,127$7,162$6,302$3,402
13 years$9,507$8,319$7,261$6,323$5,495$2,788
14 years$8,737$7,562$6,524$5,613$4,817$2,293
15 years$8,070$6,908$5,890$5,006$4,241$1,893
16 years$7,487$6,338$5,340$4,482$3,749$1,566
17 years$6,974$5,837$4,860$4,027$3,324$1,298
18 years$6,518$5,393$4,436$3,629$2,955$1,078
19 years$6,110$4,999$4,061$3,279$2,634$897
20 years$5,744$4,645$3,727$2,970$2,353$747
21 years$5,413$4,327$3,428$2,696$2,106$623
22 years$5,112$4,039$3,160$2,451$1,887$519
23 years$4,838$3,777$2,917$2,232$1,694$433
24 years$4,587$3,539$2,698$2,036$1,523$362
25 years$4,357$3,321$2,499$1,859$1,370$303
26 years$4,145$3,121$2,318$1,700$1,234$253
27 years$3,949$2,938$2,152$1,556$1,113$211
28 years$3,767$2,768$2,001$1,426$1,004$177
29 years$3,598$2,611$1,862$1,307$907$148
30 years$3,440$2,466$1,734$1,200$819$124
31 years$3,293$2,331$1,617$1,102$741$104
32 years$3,156$2,206$1,508$1,013$670$87
33 years$3,027$2,089$1,408$931$606$73
34 years$2,905$1,980$1,316$857$549$61
35 years$2,791$1,878$1,230$789$497$51
36 years$2,684$1,782$1,151$726$451$43
37 years$2,583$1,693$1,077$669$408$36
38 years$2,487$1,609$1,009$617$370$30
39 years$2,396$1,530$945$569$336$25
40 years$2,310$1,456$886$525$304$21
41 years$2,229$1,386$831$484$276$18
42 years$2,152$1,320$779$447$251$15
43 years$2,078$1,257$731$412$227$12
44 years$2,008$1,198$686$381$206$10
45 years$1,941$1,143$644$352$187$9
46 years$1,878$1,090$605$325$170$7
47 years$1,817$1,040$569$300$155$6
48 years$1,759$993$534$277$140$5
49 years$1,703$948$502$256$127$4
50 years$1,650$906$472$237$116$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $1,690,000, adding $2,293 every year, while hoping to spend $39,074 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: 66/12/22 Blend
65$1,690,000$1,690,000$1,690,000$1,690,000
66$1,864,745$1,775,175$1,748,980$1,977,201
67$2,013,375$1,820,584$1,765,997$2,098,427
68$2,175,855$1,866,909$1,782,273$2,226,240
69$2,353,557$1,914,153$1,797,745$2,365,060
70$2,547,992$1,962,318$1,812,341$2,515,970
71$2,760,822$2,011,406$1,825,989$2,680,164
72$2,993,877$2,061,417$1,838,611$2,858,954
73$3,249,175$2,112,349$1,850,127$3,053,791
74$3,528,936$2,164,199$1,860,452$3,266,268
75$3,835,606$2,216,963$1,869,495$3,498,144
76$4,171,877$2,270,634$1,877,163$3,751,356
77$4,540,717$2,325,203$1,883,356$4,028,037
78$4,945,393$2,380,661$1,887,971$4,330,540
79$5,389,504$2,436,993$1,890,899$4,661,456
80$5,877,014$2,494,187$1,892,024$5,023,640
81$6,412,290$2,552,222$1,891,228$5,420,240
82$7,000,142$2,611,080$1,888,383$5,854,722
83$7,645,870$2,670,737$1,883,357$6,330,907
84$8,355,312$2,731,166$1,876,012$6,853,008
85$9,134,897$2,792,337$1,866,203$7,425,665
86$9,991,712$2,854,216$1,853,776$8,053,992
87$10,933,561$2,916,767$1,838,572$8,743,625
88$11,969,043$2,979,948$1,820,423$9,500,775
89$13,107,633$3,043,713$1,799,155$10,332,287
90$14,359,768$3,108,011$1,774,583$11,245,706
91$15,736,948$3,172,788$1,746,515$12,249,344
92$17,251,844$3,237,982$1,714,751$13,352,365
93$18,918,416$3,303,526$1,679,078$14,564,865
94$20,752,045$3,369,349$1,639,278$15,897,972
95$22,769,678$3,435,372$1,595,118$17,363,952
96$24,989,989$3,501,509$1,546,359$18,976,319
97$27,433,553$3,567,668$1,492,747$20,749,969
98$30,123,040$3,633,748$1,434,018$22,701,319
99$33,083,429$3,699,641$1,369,896$24,848,460
100$36,342,245$3,765,229$1,300,094$27,211,332