Can I retire at age 66 with 1,700,000?

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 $1,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$140,384$139,134$137,914$136,723$135,560$134,312
2 years$69,497$68,203$66,949$65,732$64,553$63,295
3 years$45,871$44,571$43,320$42,115$40,955$39,727
4 years$34,061$32,765$31,526$30,342$29,209$28,021
5 years$26,976$25,688$24,465$23,305$22,204$21,058
6 years$22,255$20,976$19,772$18,637$17,570$16,467
7 years$18,883$17,616$16,430$15,323$14,289$13,231
8 years$16,356$15,100$13,934$12,854$11,854$10,841
9 years$14,392$13,147$12,002$10,949$9,983$9,013
10 years$12,821$11,589$10,463$9,438$8,506$7,580
11 years$11,537$10,317$9,212$8,214$7,315$6,432
12 years$10,467$9,260$8,175$7,205$6,339$5,498
13 years$9,563$8,368$7,304$6,361$5,528$4,728
14 years$8,788$7,606$6,563$5,646$4,846$4,086
15 years$8,118$6,949$5,925$5,035$4,267$3,545
16 years$7,532$6,375$5,372$4,509$3,771$3,087
17 years$7,015$5,871$4,888$4,051$3,343$2,696
18 years$6,556$5,425$4,462$3,651$2,973$2,361
19 years$6,146$5,028$4,085$3,299$2,650$2,072
20 years$5,778$4,672$3,749$2,988$2,367$1,821
21 years$5,445$4,352$3,448$2,712$2,118$1,604
22 years$5,142$4,063$3,178$2,465$1,899$1,414
23 years$4,867$3,800$2,935$2,245$1,704$1,249
24 years$4,615$3,560$2,714$2,048$1,532$1,104
25 years$4,383$3,341$2,514$1,870$1,378$977
26 years$4,169$3,140$2,331$1,710$1,242$865
27 years$3,972$2,955$2,165$1,565$1,119$767
28 years$3,789$2,784$2,013$1,434$1,010$680
29 years$3,619$2,627$1,873$1,315$912$603
30 years$3,460$2,481$1,744$1,207$824$535
31 years$3,313$2,345$1,626$1,108$745$475
32 years$3,174$2,219$1,517$1,019$674$422
33 years$3,044$2,101$1,417$937$610$375
34 years$2,923$1,992$1,324$862$552$334
35 years$2,808$1,889$1,238$793$500$297
36 years$2,700$1,793$1,158$731$453$264
37 years$2,598$1,703$1,084$673$411$235
38 years$2,502$1,618$1,015$621$372$209
39 years$2,411$1,539$951$572$338$186
40 years$2,324$1,464$891$528$306$166
41 years$2,242$1,394$836$487$278$147
42 years$2,164$1,327$784$449$252$131
43 years$2,090$1,265$736$415$229$117
44 years$2,020$1,206$690$383$208$104
45 years$1,953$1,150$648$354$189$93
46 years$1,889$1,097$609$327$171$83
47 years$1,828$1,047$572$302$155$74
48 years$1,769$999$538$279$141$66
49 years$1,713$954$505$258$128$58
50 years$1,660$911$475$238$116$52

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $1,700,000, adding $6,207 every year, while hoping to spend $40,281 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: 32/43/25 Blend
65$1,700,000$1,700,000$1,700,000$1,700,000
66$1,879,803$1,789,703$1,763,353$1,925,383
67$2,028,684$1,834,539$1,779,566$2,005,357
68$2,191,401$1,880,223$1,794,973$2,087,409
69$2,369,322$1,926,753$1,809,503$2,174,980
70$2,563,955$1,974,126$1,823,084$2,268,582
71$2,776,959$2,022,338$1,835,638$2,368,778
72$3,010,162$2,071,385$1,847,084$2,476,191
73$3,265,574$2,121,259$1,857,337$2,591,503
74$3,545,412$2,171,950$1,866,307$2,715,469
75$3,852,116$2,223,448$1,873,901$2,848,920
76$4,188,374$2,275,739$1,880,018$2,992,773
77$4,557,145$2,328,807$1,884,556$3,148,037
78$4,961,690$2,382,635$1,887,405$3,315,826
79$5,405,600$2,437,201$1,888,450$3,497,368
80$5,892,830$2,492,483$1,887,572$3,694,015
81$6,427,736$2,548,452$1,884,644$3,907,260
82$7,015,119$2,605,081$1,879,533$4,138,747
83$7,660,266$2,662,334$1,872,102$4,390,290
84$8,369,000$2,720,175$1,862,204$4,663,889
85$9,147,737$2,778,563$1,849,687$4,961,748
86$10,003,546$2,837,453$1,834,392$5,286,298
87$10,944,215$2,896,794$1,816,150$5,640,220
88$11,978,320$2,956,533$1,794,788$6,026,470
89$13,115,316$3,016,610$1,770,120$6,448,306
90$14,365,614$3,076,960$1,741,954$6,909,322
91$15,740,687$3,137,511$1,710,090$7,413,479
92$17,253,175$3,198,188$1,674,317$7,965,146
93$18,917,007$3,258,906$1,634,414$8,569,139
94$20,747,525$3,319,576$1,590,150$9,230,771
95$22,761,636$3,380,100$1,541,284$9,955,895
96$24,977,970$3,440,372$1,487,565$10,750,970
97$27,417,052$3,500,278$1,428,726$11,623,114
98$30,101,497$3,559,697$1,364,494$12,580,175
99$33,056,224$3,618,497$1,294,579$13,630,808
100$36,308,691$3,676,535$1,218,680$14,784,553