Can I retire at age 66 with 1,720,000?

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 $1,720,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.4%
1 years$142,036$140,771$139,536$138,332$137,155$132,500
2 years$70,315$69,005$67,736$66,506$65,312$60,668
3 years$46,411$45,096$43,830$42,611$41,437$36,951
4 years$34,461$33,150$31,897$30,699$29,553$25,259
5 years$27,293$25,990$24,753$23,580$22,466$18,375
6 years$22,516$21,223$20,004$18,857$17,776$13,892
7 years$19,106$17,823$16,624$15,503$14,457$10,779
8 years$16,549$15,278$14,098$13,005$11,993$8,518
9 years$14,561$13,302$12,143$11,078$10,100$6,824
10 years$12,972$11,725$10,586$9,549$8,606$5,523
11 years$11,672$10,438$9,320$8,310$7,401$4,506
12 years$10,590$9,369$8,271$7,289$6,414$3,700
13 years$9,675$8,466$7,390$6,435$5,593$3,053
14 years$8,892$7,696$6,640$5,713$4,903$2,529
15 years$8,213$7,030$5,995$5,095$4,317$2,102
16 years$7,620$6,450$5,435$4,562$3,815$1,752
17 years$7,098$5,940$4,946$4,099$3,383$1,463
18 years$6,633$5,489$4,515$3,694$3,008$1,225
19 years$6,219$5,087$4,133$3,338$2,681$1,026
20 years$5,846$4,727$3,793$3,023$2,395$861
21 years$5,509$4,403$3,489$2,743$2,143$723
22 years$5,203$4,110$3,216$2,494$1,921$608
23 years$4,924$3,844$2,969$2,272$1,724$512
24 years$4,669$3,602$2,746$2,072$1,550$431
25 years$4,434$3,380$2,543$1,892$1,395$363
26 years$4,218$3,177$2,359$1,730$1,256$306
27 years$4,019$2,990$2,190$1,584$1,133$258
28 years$3,834$2,817$2,036$1,451$1,022$217
29 years$3,661$2,658$1,895$1,331$923$183
30 years$3,501$2,510$1,765$1,221$834$155
31 years$3,352$2,373$1,645$1,121$754$130
32 years$3,212$2,245$1,535$1,031$682$110
33 years$3,080$2,126$1,433$948$617$93
34 years$2,957$2,015$1,339$872$559$78
35 years$2,841$1,911$1,252$803$506$66
36 years$2,732$1,814$1,171$739$459$56
37 years$2,629$1,723$1,096$681$416$47
38 years$2,531$1,637$1,027$628$377$40
39 years$2,439$1,557$962$579$342$34
40 years$2,352$1,481$902$534$310$28
41 years$2,269$1,410$845$493$281$24
42 years$2,190$1,343$793$455$255$20
43 years$2,115$1,280$744$420$232$17
44 years$2,044$1,220$699$388$210$14
45 years$1,976$1,163$656$358$191$12
46 years$1,911$1,110$616$331$173$10
47 years$1,849$1,059$579$305$157$9
48 years$1,790$1,011$544$282$143$7
49 years$1,733$965$511$261$130$6
50 years$1,679$922$481$241$118$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $1,720,000, adding $6,150 every year, while hoping to spend $34,582 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: 66/9/25 Blend
65$1,720,000$1,720,000$1,720,000$1,720,000
66$1,901,784$1,810,624$1,783,964$2,014,570
67$2,058,971$1,862,549$1,806,932$2,143,187
68$2,231,032$1,915,860$1,829,510$2,279,290
69$2,419,447$1,970,588$1,851,649$2,427,311
70$2,625,848$2,026,764$1,873,296$2,588,426
71$2,852,030$2,084,420$1,894,397$2,763,930
72$3,099,970$2,143,590$1,914,892$2,955,249
73$3,371,846$2,204,305$1,934,721$3,163,954
74$3,670,058$2,266,600$1,953,817$3,391,776
75$3,997,248$2,330,507$1,972,113$3,640,624
76$4,356,325$2,396,060$1,989,537$3,912,597
77$4,750,496$2,463,292$2,006,012$4,210,013
78$5,183,292$2,532,239$2,021,459$4,535,421
79$5,658,602$2,602,933$2,035,793$4,891,632
80$6,180,713$2,675,411$2,048,925$5,281,744
81$6,754,344$2,749,704$2,060,763$5,709,169
82$7,384,697$2,825,849$2,071,208$6,177,668
83$8,077,500$2,903,880$2,080,158$6,691,385
84$8,839,065$2,983,830$2,087,503$7,254,885
85$9,676,347$3,065,734$2,093,131$7,873,200
86$10,597,005$3,149,626$2,096,922$8,551,875
87$11,609,481$3,235,540$2,098,750$9,297,020
88$12,723,074$3,323,507$2,098,485$10,115,368
89$13,948,031$3,413,563$2,095,987$11,014,339
90$15,295,641$3,505,737$2,091,113$12,002,108
91$16,778,341$3,600,063$2,083,710$13,087,688
92$18,409,837$3,696,572$2,073,619$14,281,007
93$20,205,228$3,795,292$2,060,674$15,593,008
94$22,181,154$3,896,254$2,044,699$17,035,751
95$24,355,946$3,999,485$2,025,511$18,622,524
96$26,749,805$4,105,012$2,002,918$20,367,972
97$29,384,989$4,212,861$1,976,720$22,288,235
98$32,286,022$4,323,056$1,946,704$24,401,098
99$35,479,930$4,435,619$1,912,652$26,726,163
100$38,996,489$4,550,570$1,874,332$29,285,028