Can I retire at age 66 with 1,710,000?

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 $1,710,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15%
1 years$141,210$139,952$138,725$137,527$136,358$133,550
2 years$69,906$68,604$67,342$66,119$64,932$62,116
3 years$46,141$44,834$43,575$42,363$41,196$38,459
4 years$34,261$32,957$31,711$30,520$29,381$26,745
5 years$27,135$25,839$24,609$23,442$22,335$19,808
6 years$22,385$21,099$19,888$18,747$17,673$15,256
7 years$18,994$17,719$16,527$15,413$14,373$12,068
8 years$16,452$15,189$14,016$12,930$11,924$9,729
9 years$14,476$13,225$12,072$11,013$10,041$7,956
10 years$12,896$11,657$10,525$9,493$8,556$6,578
11 years$11,604$10,377$9,266$8,262$7,358$5,485
12 years$10,529$9,314$8,223$7,247$6,377$4,605
13 years$9,619$8,417$7,347$6,398$5,560$3,888
14 years$8,840$7,651$6,601$5,679$4,874$3,297
15 years$8,166$6,989$5,960$5,065$4,292$2,807
16 years$7,576$6,413$5,404$4,535$3,793$2,397
17 years$7,056$5,906$4,917$4,075$3,363$2,052
18 years$6,595$5,457$4,489$3,672$2,990$1,761
19 years$6,182$5,058$4,109$3,318$2,665$1,514
20 years$5,812$4,700$3,771$3,005$2,381$1,304
21 years$5,477$4,378$3,469$2,727$2,131$1,124
22 years$5,173$4,086$3,197$2,480$1,910$970
23 years$4,895$3,822$2,952$2,258$1,714$838
24 years$4,642$3,581$2,730$2,060$1,541$725
25 years$4,409$3,361$2,529$1,881$1,386$628
26 years$4,194$3,158$2,345$1,720$1,249$544
27 years$3,995$2,972$2,178$1,574$1,126$471
28 years$3,811$2,801$2,024$1,443$1,016$408
29 years$3,640$2,642$1,884$1,323$917$354
30 years$3,481$2,495$1,755$1,214$829$307
31 years$3,332$2,359$1,636$1,115$749$267
32 years$3,193$2,232$1,526$1,025$678$231
33 years$3,062$2,114$1,425$942$614$201
34 years$2,940$2,003$1,332$867$555$174
35 years$2,825$1,900$1,245$798$503$152
36 years$2,716$1,804$1,165$735$456$132
37 years$2,613$1,713$1,090$677$413$114
38 years$2,516$1,628$1,021$624$375$99
39 years$2,425$1,548$956$576$340$86
40 years$2,338$1,473$896$531$308$75
41 years$2,255$1,402$841$490$280$65
42 years$2,177$1,335$788$452$254$57
43 years$2,103$1,272$740$417$230$49
44 years$2,032$1,213$694$385$209$43
45 years$1,964$1,156$652$356$190$37
46 years$1,900$1,103$612$329$172$32
47 years$1,838$1,053$575$304$156$28
48 years$1,780$1,005$541$281$142$24
49 years$1,723$960$508$259$129$21
50 years$1,670$917$478$240$117$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $1,710,000, adding $5,456 every year, while hoping to spend $20,744 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: 83/5/12 Blend
65$1,710,000$1,710,000$1,710,000$1,710,000
66$1,890,048$1,799,418$1,772,913$2,042,494
67$2,060,761$1,865,518$1,810,234$2,209,259
68$2,248,192$1,934,162$1,848,110$2,389,056
69$2,454,024$2,005,452$1,886,538$2,585,892
70$2,680,111$2,079,495$1,925,513$2,801,469
71$2,928,495$2,156,404$1,965,031$3,037,661
72$3,201,428$2,236,294$2,005,086$3,296,532
73$3,501,388$2,319,287$2,045,671$3,580,353
74$3,831,107$2,405,509$2,086,778$3,891,631
75$4,193,593$2,495,092$2,128,398$4,233,121
76$4,592,162$2,588,173$2,170,522$4,607,863
77$5,030,465$2,684,897$2,213,137$5,019,204
78$5,512,527$2,785,412$2,256,232$5,470,830
79$6,042,782$2,889,874$2,299,793$5,966,804
80$6,626,114$2,998,446$2,343,804$6,511,599
81$7,267,906$3,111,298$2,388,250$7,110,146
82$7,974,087$3,228,606$2,433,110$7,767,876
83$8,751,191$3,350,555$2,478,367$8,490,772
84$9,606,418$3,477,337$2,523,998$9,285,427
85$10,547,700$3,609,155$2,569,979$10,159,104
86$11,583,778$3,746,216$2,616,286$11,119,805
87$12,724,283$3,888,739$2,662,891$12,176,349
88$13,979,826$4,036,954$2,709,764$13,338,449
89$15,362,101$4,191,098$2,756,874$14,616,810
90$16,883,993$4,351,419$2,804,187$16,023,225
91$18,559,699$4,518,177$2,851,666$17,570,690
92$20,404,863$4,691,643$2,899,272$19,273,524
93$22,436,725$4,872,099$2,946,963$21,147,503
94$24,674,279$5,059,840$2,994,694$23,210,013
95$27,138,457$5,255,174$3,042,418$25,480,209
96$29,852,325$5,458,423$3,090,084$27,979,198
97$32,841,298$5,669,921$3,137,638$30,730,239
98$36,133,384$5,890,021$3,185,023$33,758,960
99$39,759,444$6,119,087$3,232,176$37,093,600
100$43,753,486$6,357,501$3,279,033$40,765,278