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

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 $1,690,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.3%
1 years$139,559$138,316$137,103$135,919$134,763$129,724
2 years$69,088$67,802$66,555$65,346$64,173$59,154
3 years$45,601$44,309$43,065$41,868$40,714$35,872
4 years$33,860$32,572$31,341$30,163$29,037$24,411
5 years$26,817$25,537$24,322$23,168$22,074$17,674
6 years$22,124$20,853$19,655$18,528$17,466$13,296
7 years$18,772$17,512$16,334$15,233$14,205$10,263
8 years$16,260$15,011$13,852$12,778$11,784$8,068
9 years$14,307$13,070$11,931$10,884$9,924$6,428
10 years$12,745$11,520$10,402$9,382$8,456$5,173
11 years$11,469$10,256$9,157$8,166$7,272$4,196
12 years$10,405$9,205$8,127$7,162$6,302$3,424
13 years$9,507$8,319$7,261$6,323$5,495$2,808
14 years$8,737$7,562$6,524$5,613$4,817$2,312
15 years$8,070$6,908$5,890$5,006$4,241$1,909
16 years$7,487$6,338$5,340$4,482$3,749$1,581
17 years$6,974$5,837$4,860$4,027$3,324$1,312
18 years$6,518$5,393$4,436$3,629$2,955$1,090
19 years$6,110$4,999$4,061$3,279$2,634$908
20 years$5,744$4,645$3,727$2,970$2,353$756
21 years$5,413$4,327$3,428$2,696$2,106$631
22 years$5,112$4,039$3,160$2,451$1,887$527
23 years$4,838$3,777$2,917$2,232$1,694$440
24 years$4,587$3,539$2,698$2,036$1,523$368
25 years$4,357$3,321$2,499$1,859$1,370$308
26 years$4,145$3,121$2,318$1,700$1,234$257
27 years$3,949$2,938$2,152$1,556$1,113$215
28 years$3,767$2,768$2,001$1,426$1,004$180
29 years$3,598$2,611$1,862$1,307$907$151
30 years$3,440$2,466$1,734$1,200$819$126
31 years$3,293$2,331$1,617$1,102$741$106
32 years$3,156$2,206$1,508$1,013$670$89
33 years$3,027$2,089$1,408$931$606$74
34 years$2,905$1,980$1,316$857$549$62
35 years$2,791$1,878$1,230$789$497$52
36 years$2,684$1,782$1,151$726$451$44
37 years$2,583$1,693$1,077$669$408$37
38 years$2,487$1,609$1,009$617$370$31
39 years$2,396$1,530$945$569$336$26
40 years$2,310$1,456$886$525$304$22
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$13
44 years$2,008$1,198$686$381$206$11
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 $2,027 every year, while hoping to spend $42,695 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: 58/19/23 Blend
65$1,690,000$1,690,000$1,690,000$1,690,000
66$1,864,471$1,774,901$1,748,706$1,960,968
67$2,009,220$1,816,444$1,761,860$2,068,512
68$2,167,302$1,858,591$1,774,025$2,180,953
69$2,340,033$1,901,328$1,785,120$2,302,623
70$2,528,859$1,944,637$1,795,065$2,434,425
71$2,735,376$1,988,497$1,803,773$2,577,353
72$2,961,337$2,032,886$1,811,152$2,732,504
73$3,208,675$2,077,779$1,817,107$2,901,083
74$3,479,519$2,123,149$1,821,539$3,084,422
75$3,776,210$2,168,964$1,824,341$3,283,988
76$4,101,330$2,215,189$1,825,403$3,501,397
77$4,457,720$2,261,788$1,824,608$3,738,431
78$4,848,511$2,308,719$1,821,836$3,997,052
79$5,277,150$2,355,937$1,816,959$4,279,426
80$5,747,434$2,403,393$1,809,841$4,587,937
81$6,263,545$2,451,032$1,800,344$4,925,216
82$6,830,091$2,498,797$1,788,320$5,294,159
83$7,452,146$2,546,624$1,773,614$5,697,962
84$8,135,300$2,594,443$1,756,065$6,140,145
85$8,885,711$2,642,182$1,735,504$6,624,590
86$9,710,164$2,689,759$1,711,753$7,155,574
87$10,616,131$2,737,087$1,684,628$7,737,814
88$11,611,846$2,784,074$1,653,932$8,376,506
89$12,706,379$2,830,619$1,619,464$9,077,381
90$13,909,724$2,876,613$1,581,010$9,846,753
91$15,232,890$2,921,941$1,538,348$10,691,583
92$16,688,006$2,966,478$1,491,244$11,619,545
93$18,288,437$3,010,090$1,439,455$12,639,095
94$20,048,907$3,052,633$1,382,726$13,759,555
95$21,985,639$3,093,956$1,320,791$14,991,203
96$24,116,508$3,133,893$1,253,371$16,345,362
97$26,461,207$3,172,270$1,180,175$17,834,518
98$29,041,438$3,208,899$1,100,898$19,472,431
99$31,881,110$3,243,580$1,015,224$21,274,267
100$35,006,568$3,276,100$922,818$23,256,745