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%18.8%
1 years$142,036$140,771$139,536$138,332$137,155$132,289
2 years$70,315$69,005$67,736$66,506$65,312$60,461
3 years$46,411$45,096$43,830$42,611$41,437$36,754
4 years$34,461$33,150$31,897$30,699$29,553$25,074
5 years$27,293$25,990$24,753$23,580$22,466$18,202
6 years$22,516$21,223$20,004$18,857$17,776$13,731
7 years$19,106$17,823$16,624$15,503$14,457$10,629
8 years$16,549$15,278$14,098$13,005$11,993$8,381
9 years$14,561$13,302$12,143$11,078$10,100$6,697
10 years$12,972$11,725$10,586$9,549$8,606$5,407
11 years$11,672$10,438$9,320$8,310$7,401$4,400
12 years$10,590$9,369$8,271$7,289$6,414$3,603
13 years$9,675$8,466$7,390$6,435$5,593$2,965
14 years$8,892$7,696$6,640$5,713$4,903$2,449
15 years$8,213$7,030$5,995$5,095$4,317$2,030
16 years$7,620$6,450$5,435$4,562$3,815$1,687
17 years$7,098$5,940$4,946$4,099$3,383$1,405
18 years$6,633$5,489$4,515$3,694$3,008$1,172
19 years$6,219$5,087$4,133$3,338$2,681$979
20 years$5,846$4,727$3,793$3,023$2,395$819
21 years$5,509$4,403$3,489$2,743$2,143$686
22 years$5,203$4,110$3,216$2,494$1,921$575
23 years$4,924$3,844$2,969$2,272$1,724$482
24 years$4,669$3,602$2,746$2,072$1,550$405
25 years$4,434$3,380$2,543$1,892$1,395$340
26 years$4,218$3,177$2,359$1,730$1,256$285
27 years$4,019$2,990$2,190$1,584$1,133$240
28 years$3,834$2,817$2,036$1,451$1,022$202
29 years$3,661$2,658$1,895$1,331$923$169
30 years$3,501$2,510$1,765$1,221$834$142
31 years$3,352$2,373$1,645$1,121$754$120
32 years$3,212$2,245$1,535$1,031$682$101
33 years$3,080$2,126$1,433$948$617$85
34 years$2,957$2,015$1,339$872$559$71
35 years$2,841$1,911$1,252$803$506$60
36 years$2,732$1,814$1,171$739$459$50
37 years$2,629$1,723$1,096$681$416$42
38 years$2,531$1,637$1,027$628$377$36
39 years$2,439$1,557$962$579$342$30
40 years$2,352$1,481$902$534$310$25
41 years$2,269$1,410$845$493$281$21
42 years$2,190$1,343$793$455$255$18
43 years$2,115$1,280$744$420$232$15
44 years$2,044$1,220$699$388$210$13
45 years$1,976$1,163$656$358$191$11
46 years$1,911$1,110$616$331$173$9
47 years$1,849$1,059$579$305$157$8
48 years$1,790$1,011$544$282$143$6
49 years$1,733$965$511$261$130$5
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 $3,526 every year, while hoping to spend $34,533 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: 25/45/30 Blend
65$1,720,000$1,720,000$1,720,000$1,720,000
66$1,899,077$1,807,917$1,781,257$1,928,692
67$2,056,040$1,859,762$1,804,186$2,005,844
68$2,227,856$1,912,990$1,826,726$2,085,361
69$2,416,003$1,967,633$1,848,828$2,169,911
70$2,622,110$2,023,721$1,870,438$2,259,941
71$2,847,969$2,081,288$1,891,502$2,355,943
72$3,095,556$2,140,365$1,911,961$2,458,460
73$3,367,045$2,200,985$1,931,754$2,568,085
74$3,664,832$2,263,181$1,950,816$2,685,476
75$3,991,555$2,326,987$1,969,078$2,811,353
76$4,350,121$2,392,437$1,986,469$2,946,511
77$4,743,730$2,459,563$2,002,913$3,091,823
78$5,175,909$2,528,400$2,018,329$3,248,254
79$5,650,542$2,598,982$2,032,634$3,416,863
80$6,171,909$2,671,344$2,045,738$3,598,817
81$6,744,723$2,745,519$2,057,550$3,795,404
82$7,374,177$2,821,542$2,067,970$4,008,039
83$8,065,993$2,899,447$2,076,897$4,238,283
84$8,826,472$2,979,269$2,084,221$4,487,855
85$9,662,560$3,061,040$2,089,831$4,758,650
86$10,581,906$3,144,796$2,093,605$5,052,753
87$11,592,939$3,230,570$2,095,419$5,372,465
88$12,704,945$3,318,394$2,095,142$5,720,318
89$13,928,156$3,408,302$2,092,636$6,099,105
90$15,273,845$3,500,325$2,087,755$6,511,900
91$16,754,431$3,594,496$2,080,350$6,962,095
92$18,383,602$3,690,844$2,070,260$7,453,425
93$20,176,434$3,789,401$2,057,319$7,990,006
94$22,149,543$3,890,194$2,041,352$8,576,376
95$24,321,235$3,993,253$2,022,176$9,217,534
96$26,711,682$4,098,603$1,999,599$9,918,992
97$29,343,109$4,206,270$1,973,422$10,686,822
98$32,240,008$4,316,278$1,943,432$11,527,718
99$35,429,362$4,428,650$1,909,411$12,449,056
100$38,940,908$4,543,405$1,871,128$13,458,967