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

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 $1,720,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$142,036$140,771$139,536$138,332$137,155$135,273
2 years$70,315$69,005$67,736$66,506$65,312$63,419
3 years$46,411$45,096$43,830$42,611$41,437$39,592
4 years$34,461$33,150$31,897$30,699$29,553$27,771
5 years$27,293$25,990$24,753$23,580$22,466$20,751
6 years$22,516$21,223$20,004$18,857$17,776$16,131
7 years$19,106$17,823$16,624$15,503$14,457$12,882
8 years$16,549$15,278$14,098$13,005$11,993$10,488
9 years$14,561$13,302$12,143$11,078$10,100$8,664
10 years$12,972$11,725$10,586$9,549$8,606$7,238
11 years$11,672$10,438$9,320$8,310$7,401$6,100
12 years$10,590$9,369$8,271$7,289$6,414$5,178
13 years$9,675$8,466$7,390$6,435$5,593$4,421
14 years$8,892$7,696$6,640$5,713$4,903$3,792
15 years$8,213$7,030$5,995$5,095$4,317$3,266
16 years$7,620$6,450$5,435$4,562$3,815$2,823
17 years$7,098$5,940$4,946$4,099$3,383$2,446
18 years$6,633$5,489$4,515$3,694$3,008$2,125
19 years$6,219$5,087$4,133$3,338$2,681$1,850
20 years$5,846$4,727$3,793$3,023$2,395$1,613
21 years$5,509$4,403$3,489$2,743$2,143$1,409
22 years$5,203$4,110$3,216$2,494$1,921$1,232
23 years$4,924$3,844$2,969$2,272$1,724$1,079
24 years$4,669$3,602$2,746$2,072$1,550$946
25 years$4,434$3,380$2,543$1,892$1,395$830
26 years$4,218$3,177$2,359$1,730$1,256$728
27 years$4,019$2,990$2,190$1,584$1,133$640
28 years$3,834$2,817$2,036$1,451$1,022$562
29 years$3,661$2,658$1,895$1,331$923$495
30 years$3,501$2,510$1,765$1,221$834$435
31 years$3,352$2,373$1,645$1,121$754$383
32 years$3,212$2,245$1,535$1,031$682$337
33 years$3,080$2,126$1,433$948$617$297
34 years$2,957$2,015$1,339$872$559$262
35 years$2,841$1,911$1,252$803$506$230
36 years$2,732$1,814$1,171$739$459$203
37 years$2,629$1,723$1,096$681$416$179
38 years$2,531$1,637$1,027$628$377$158
39 years$2,439$1,557$962$579$342$139
40 years$2,352$1,481$902$534$310$123
41 years$2,269$1,410$845$493$281$108
42 years$2,190$1,343$793$455$255$95
43 years$2,115$1,280$744$420$232$84
44 years$2,044$1,220$699$388$210$74
45 years$1,976$1,163$656$358$191$66
46 years$1,911$1,110$616$331$173$58
47 years$1,849$1,059$579$305$157$51
48 years$1,790$1,011$544$282$143$45
49 years$1,733$965$511$261$130$40
50 years$1,679$922$481$241$118$35

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 $4,616 every year, while hoping to spend $21,728 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: 72/9/19 Blend
65$1,720,000$1,720,000$1,720,000$1,720,000
66$1,900,201$1,809,041$1,782,381$2,028,084
67$2,070,904$1,874,566$1,818,973$2,179,245
68$2,258,289$1,942,573$1,856,062$2,341,689
69$2,464,037$2,013,161$1,893,642$2,519,044
70$2,689,996$2,086,434$1,931,706$2,712,787
71$2,938,203$2,162,497$1,970,247$2,924,541
72$3,210,904$2,241,463$2,009,254$3,156,097
73$3,510,569$2,323,448$2,048,717$3,409,424
74$3,839,924$2,408,573$2,088,625$3,686,694
75$4,201,967$2,496,964$2,128,965$3,990,297
76$4,600,006$2,588,754$2,169,724$4,322,864
77$5,037,682$2,684,078$2,210,885$4,687,297
78$5,519,008$2,783,080$2,252,432$5,086,789
79$6,048,404$2,885,909$2,294,346$5,524,859
80$6,630,743$2,992,720$2,336,608$6,005,381
81$7,271,390$3,103,675$2,379,196$6,532,626
82$7,976,260$3,218,942$2,422,086$7,111,297
83$8,751,866$3,338,698$2,465,254$7,746,574
84$9,605,388$3,463,126$2,508,672$8,444,167
85$10,544,735$3,592,417$2,552,310$9,210,362
86$11,578,623$3,726,771$2,596,138$10,052,088
87$12,716,655$3,866,395$2,640,121$10,976,977
88$13,969,413$4,011,507$2,684,223$11,993,439
89$15,348,554$4,162,332$2,728,406$13,110,738
90$16,866,928$4,319,107$2,772,629$14,339,082
91$18,538,689$4,482,078$2,816,846$15,689,719
92$20,379,437$4,651,502$2,861,012$17,175,039
93$22,406,360$4,827,646$2,905,077$18,808,696
94$24,638,398$5,010,790$2,948,986$20,605,735
95$27,096,422$5,201,225$2,992,684$22,582,731
96$29,803,428$5,399,257$3,036,111$24,757,948
97$32,784,759$5,605,202$3,079,202$27,151,511
98$36,068,340$5,819,392$3,121,890$29,785,594
99$39,684,941$6,042,172$3,164,104$32,684,632
100$43,668,470$6,273,904$3,205,767$35,875,549