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%17.1%
1 years$141,210$139,952$138,725$137,527$136,358$132,417
2 years$69,906$68,604$67,342$66,119$64,932$60,994
3 years$46,141$44,834$43,575$42,363$41,196$37,382
4 years$34,261$32,957$31,711$30,520$29,381$25,722
5 years$27,135$25,839$24,609$23,442$22,335$18,841
6 years$22,385$21,099$19,888$18,747$17,673$14,346
7 years$18,994$17,719$16,527$15,413$14,373$11,214
8 years$16,452$15,189$14,016$12,930$11,924$8,930
9 years$14,476$13,225$12,072$11,013$10,041$7,211
10 years$12,896$11,657$10,525$9,493$8,556$5,884
11 years$11,604$10,377$9,266$8,262$7,358$4,841
12 years$10,529$9,314$8,223$7,247$6,377$4,009
13 years$9,619$8,417$7,347$6,398$5,560$3,337
14 years$8,840$7,651$6,601$5,679$4,874$2,790
15 years$8,166$6,989$5,960$5,065$4,292$2,340
16 years$7,576$6,413$5,404$4,535$3,793$1,969
17 years$7,056$5,906$4,917$4,075$3,363$1,660
18 years$6,595$5,457$4,489$3,672$2,990$1,403
19 years$6,182$5,058$4,109$3,318$2,665$1,187
20 years$5,812$4,700$3,771$3,005$2,381$1,006
21 years$5,477$4,378$3,469$2,727$2,131$854
22 years$5,173$4,086$3,197$2,480$1,910$725
23 years$4,895$3,822$2,952$2,258$1,714$616
24 years$4,642$3,581$2,730$2,060$1,541$524
25 years$4,409$3,361$2,529$1,881$1,386$446
26 years$4,194$3,158$2,345$1,720$1,249$380
27 years$3,995$2,972$2,178$1,574$1,126$324
28 years$3,811$2,801$2,024$1,443$1,016$276
29 years$3,640$2,642$1,884$1,323$917$235
30 years$3,481$2,495$1,755$1,214$829$200
31 years$3,332$2,359$1,636$1,115$749$171
32 years$3,193$2,232$1,526$1,025$678$146
33 years$3,062$2,114$1,425$942$614$124
34 years$2,940$2,003$1,332$867$555$106
35 years$2,825$1,900$1,245$798$503$91
36 years$2,716$1,804$1,165$735$456$77
37 years$2,613$1,713$1,090$677$413$66
38 years$2,516$1,628$1,021$624$375$56
39 years$2,425$1,548$956$576$340$48
40 years$2,338$1,473$896$531$308$41
41 years$2,255$1,402$841$490$280$35
42 years$2,177$1,335$788$452$254$30
43 years$2,103$1,272$740$417$230$26
44 years$2,032$1,213$694$385$209$22
45 years$1,964$1,156$652$356$190$19
46 years$1,900$1,103$612$329$172$16
47 years$1,838$1,053$575$304$156$14
48 years$1,780$1,005$541$281$142$12
49 years$1,723$960$508$259$129$10
50 years$1,670$917$478$240$117$8

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 $6,027 every year, while hoping to spend $57,846 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: 44/48/8 Blend
65$1,710,000$1,710,000$1,710,000$1,710,000
66$1,890,637$1,800,007$1,773,502$1,969,263
67$2,021,934$1,826,659$1,771,366$2,050,986
68$2,164,685$1,852,679$1,767,221$2,133,100
69$2,319,997$1,877,974$1,760,936$2,220,767
70$2,489,087$1,902,446$1,752,379$2,314,516
71$2,673,297$1,925,989$1,741,407$2,414,934
72$2,874,102$1,948,491$1,727,872$2,522,668
73$3,093,124$1,969,831$1,711,620$2,638,430
74$3,332,152$1,989,882$1,692,488$2,763,010
75$3,593,152$2,008,506$1,670,307$2,897,278
76$3,878,289$2,025,559$1,644,898$3,042,198
77$4,189,947$2,040,884$1,616,074$3,198,830
78$4,530,750$2,054,316$1,583,642$3,368,348
79$4,903,589$2,065,679$1,547,395$3,552,049
80$5,311,644$2,074,786$1,507,122$3,751,362
81$5,758,419$2,081,438$1,462,598$3,967,869
82$6,247,772$2,085,423$1,413,590$4,203,314
83$6,783,952$2,086,516$1,359,852$4,459,624
84$7,371,638$2,084,479$1,301,130$4,738,926
85$8,015,983$2,079,056$1,237,156$5,043,570
86$8,722,664$2,069,980$1,167,651$5,376,149
87$9,497,931$2,056,964$1,092,323$5,739,527
88$10,348,670$2,039,705$1,010,865$6,136,865
89$11,282,465$2,017,882$922,961$6,571,652
90$12,307,673$1,991,155$828,276$7,047,740
91$13,433,495$1,959,160$726,462$7,569,382
92$14,670,069$1,921,517$617,157$8,141,271
93$16,028,565$1,877,820$499,980$8,768,587
94$17,521,284$1,827,639$374,536$9,457,047
95$19,161,782$1,770,521$240,410$10,212,960
96$20,964,991$1,705,983$97,170$11,043,289
97$22,947,361$1,633,517$0$11,955,718
98$25,127,017$1,552,585$0$12,963,478
99$27,523,927$1,462,616$0$14,080,332
100$30,160,091$1,363,008$0$15,308,340