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

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 $1,710,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$141,210$139,952$138,725$137,527$136,358$134,044
2 years$69,906$68,604$67,342$66,119$64,932$62,608
3 years$46,141$44,834$43,575$42,363$41,196$38,934
4 years$34,261$32,957$31,711$30,520$29,381$27,199
5 years$27,135$25,839$24,609$23,442$22,335$20,238
6 years$22,385$21,099$19,888$18,747$17,673$15,665
7 years$18,994$17,719$16,527$15,413$14,373$12,453
8 years$16,452$15,189$14,016$12,930$11,924$10,093
9 years$14,476$13,225$12,072$11,013$10,041$8,298
10 years$12,896$11,657$10,525$9,493$8,556$6,898
11 years$11,604$10,377$9,266$8,262$7,358$5,785
12 years$10,529$9,314$8,223$7,247$6,377$4,885
13 years$9,619$8,417$7,347$6,398$5,560$4,149
14 years$8,840$7,651$6,601$5,679$4,874$3,540
15 years$8,166$6,989$5,960$5,065$4,292$3,033
16 years$7,576$6,413$5,404$4,535$3,793$2,606
17 years$7,056$5,906$4,917$4,075$3,363$2,246
18 years$6,595$5,457$4,489$3,672$2,990$1,940
19 years$6,182$5,058$4,109$3,318$2,665$1,679
20 years$5,812$4,700$3,771$3,005$2,381$1,455
21 years$5,477$4,378$3,469$2,727$2,131$1,263
22 years$5,173$4,086$3,197$2,480$1,910$1,098
23 years$4,895$3,822$2,952$2,258$1,714$956
24 years$4,642$3,581$2,730$2,060$1,541$832
25 years$4,409$3,361$2,529$1,881$1,386$726
26 years$4,194$3,158$2,345$1,720$1,249$633
27 years$3,995$2,972$2,178$1,574$1,126$552
28 years$3,811$2,801$2,024$1,443$1,016$482
29 years$3,640$2,642$1,884$1,323$917$421
30 years$3,481$2,495$1,755$1,214$829$368
31 years$3,332$2,359$1,636$1,115$749$322
32 years$3,193$2,232$1,526$1,025$678$282
33 years$3,062$2,114$1,425$942$614$246
34 years$2,940$2,003$1,332$867$555$216
35 years$2,825$1,900$1,245$798$503$189
36 years$2,716$1,804$1,165$735$456$165
37 years$2,613$1,713$1,090$677$413$145
38 years$2,516$1,628$1,021$624$375$127
39 years$2,425$1,548$956$576$340$111
40 years$2,338$1,473$896$531$308$97
41 years$2,255$1,402$841$490$280$85
42 years$2,177$1,335$788$452$254$75
43 years$2,103$1,272$740$417$230$65
44 years$2,032$1,213$694$385$209$57
45 years$1,964$1,156$652$356$190$50
46 years$1,900$1,103$612$329$172$44
47 years$1,838$1,053$575$304$156$38
48 years$1,780$1,005$541$281$142$34
49 years$1,723$960$508$259$129$30
50 years$1,670$917$478$240$117$26

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 $3,119 every year, while hoping to spend $39,586 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: 31/40/29 Blend
65$1,710,000$1,710,000$1,710,000$1,710,000
66$1,887,637$1,797,007$1,770,502$1,929,329
67$2,038,057$1,842,941$1,787,695$2,007,905
68$2,202,493$1,889,800$1,804,137$2,088,750
69$2,382,333$1,937,585$1,819,761$2,175,004
70$2,579,104$1,986,301$1,834,497$2,267,168
71$2,794,491$2,035,947$1,848,270$2,365,797
72$3,030,345$2,086,524$1,861,003$2,471,499
73$3,288,706$2,138,031$1,872,613$2,584,947
74$3,571,823$2,190,462$1,883,014$2,706,880
75$3,882,168$2,243,815$1,892,114$2,838,115
76$4,222,469$2,298,081$1,899,820$2,979,552
77$4,595,726$2,353,253$1,906,029$3,132,182
78$5,005,247$2,409,319$1,910,638$3,297,099
79$5,454,672$2,466,265$1,913,534$3,475,509
80$5,948,014$2,524,078$1,914,603$3,668,740
81$6,489,691$2,582,737$1,913,722$3,878,258
82$7,084,571$2,642,223$1,910,763$4,105,679
83$7,738,016$2,702,510$1,905,592$4,352,785
84$8,455,934$2,763,573$1,898,069$4,621,539
85$9,244,831$2,825,380$1,888,046$4,914,110
86$10,111,876$2,887,897$1,875,369$5,232,883
87$11,064,969$2,951,085$1,859,875$5,580,495
88$12,112,810$3,014,903$1,841,396$5,959,848
89$13,264,987$3,079,303$1,819,752$6,374,145
90$14,532,060$3,144,233$1,794,758$6,826,916
91$15,925,667$3,209,638$1,766,220$7,322,056
92$17,458,630$3,275,454$1,733,933$7,863,856
93$19,145,074$3,341,615$1,697,683$8,457,051
94$21,000,563$3,408,046$1,657,247$9,106,860
95$23,042,247$3,474,667$1,612,391$9,819,037
96$25,289,021$3,541,390$1,562,871$10,599,928
97$27,761,705$3,608,122$1,508,431$11,456,528
98$30,483,238$3,674,759$1,448,803$12,396,553
99$33,478,897$3,741,192$1,383,707$13,428,507
100$36,776,535$3,807,300$1,312,851$14,561,766