Can I retire at age 66 with 1,730,000?

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 $1,730,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$142,862$141,589$140,348$139,136$137,953$136,116
2 years$70,724$69,406$68,130$66,892$65,692$63,844
3 years$46,681$45,358$44,085$42,859$41,678$39,877
4 years$34,662$33,343$32,082$30,877$29,725$27,984
5 years$27,452$26,141$24,897$23,717$22,596$20,921
6 years$22,647$21,346$20,121$18,966$17,880$16,272
7 years$19,217$17,927$16,720$15,593$14,541$13,002
8 years$16,645$15,366$14,180$13,081$12,063$10,592
9 years$14,646$13,379$12,213$11,142$10,159$8,755
10 years$13,047$11,793$10,648$9,604$8,656$7,318
11 years$11,740$10,499$9,374$8,359$7,444$6,172
12 years$10,652$9,423$8,319$7,332$6,451$5,242
13 years$9,732$8,516$7,433$6,473$5,626$4,478
14 years$8,943$7,741$6,678$5,746$4,931$3,845
15 years$8,261$7,071$6,030$5,124$4,342$3,314
16 years$7,665$6,488$5,467$4,588$3,837$2,866
17 years$7,139$5,975$4,975$4,123$3,402$2,485
18 years$6,672$5,521$4,541$3,715$3,025$2,161
19 years$6,255$5,117$4,157$3,357$2,697$1,882
20 years$5,880$4,755$3,815$3,040$2,409$1,643
21 years$5,541$4,429$3,509$2,759$2,155$1,436
22 years$5,233$4,134$3,234$2,509$1,932$1,257
23 years$4,953$3,867$2,986$2,285$1,734$1,101
24 years$4,696$3,623$2,762$2,084$1,559$966
25 years$4,460$3,400$2,558$1,903$1,403$848
26 years$4,243$3,195$2,372$1,740$1,264$745
27 years$4,042$3,007$2,203$1,593$1,139$655
28 years$3,856$2,834$2,048$1,459$1,028$576
29 years$3,683$2,673$1,906$1,338$928$507
30 years$3,522$2,525$1,775$1,228$839$446
31 years$3,371$2,387$1,655$1,128$758$393
32 years$3,230$2,258$1,544$1,037$686$346
33 years$3,098$2,139$1,442$953$621$305
34 years$2,974$2,027$1,347$877$562$269
35 years$2,858$1,922$1,259$807$509$237
36 years$2,748$1,825$1,178$744$461$209
37 years$2,644$1,733$1,103$685$418$185
38 years$2,546$1,647$1,033$632$379$163
39 years$2,453$1,566$968$582$344$144
40 years$2,365$1,490$907$537$312$127
41 years$2,282$1,418$850$496$283$112
42 years$2,203$1,351$798$457$257$99
43 years$2,127$1,287$748$422$233$87
44 years$2,055$1,227$703$390$211$77
45 years$1,987$1,170$660$360$192$68
46 years$1,922$1,116$620$333$174$60
47 years$1,860$1,065$582$307$158$53
48 years$1,800$1,017$547$284$144$47
49 years$1,743$971$514$262$130$41
50 years$1,689$927$483$242$119$37

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $1,730,000, adding $4,662 every year, while hoping to spend $44,308 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: 68/14/18 Blend
65$1,730,000$1,730,000$1,730,000$1,730,000
66$1,911,269$1,819,579$1,792,764$2,032,564
67$2,059,075$1,861,595$1,805,678$2,156,170
68$2,220,472$1,904,185$1,817,540$2,285,698
69$2,396,800$1,947,329$1,828,267$2,426,289
70$2,589,534$1,991,008$1,837,774$2,579,029
71$2,800,296$2,035,198$1,845,969$2,745,114
72$3,030,875$2,079,871$1,852,758$2,925,863
73$3,283,239$2,125,000$1,858,040$3,122,727
74$3,559,555$2,170,551$1,861,711$3,337,307
75$3,862,211$2,216,488$1,863,659$3,571,366
76$4,193,834$2,262,774$1,863,769$3,826,845
77$4,557,319$2,309,364$1,861,920$4,105,887
78$4,955,855$2,356,213$1,857,984$4,410,848
79$5,392,953$2,403,268$1,851,827$4,744,329
80$5,872,481$2,450,474$1,843,309$5,109,193
81$6,398,698$2,497,771$1,832,284$5,508,596
82$6,976,296$2,545,093$1,818,597$5,946,018
83$7,610,445$2,592,370$1,802,086$6,425,289
84$8,306,838$2,639,523$1,782,583$6,950,636
85$9,071,747$2,686,471$1,759,911$7,526,712
86$9,912,081$2,733,124$1,733,885$8,158,648
87$10,835,452$2,779,387$1,704,309$8,852,098
88$11,850,246$2,825,155$1,670,981$9,613,293
89$12,965,701$2,870,317$1,633,689$10,449,099
90$14,191,994$2,914,754$1,592,209$11,367,085
91$15,540,339$2,958,338$1,546,309$12,375,592
92$17,023,088$3,000,932$1,495,745$13,483,811
93$18,653,854$3,042,388$1,440,263$14,701,874
94$20,447,632$3,082,549$1,379,597$16,040,945
95$22,420,944$3,121,248$1,313,467$17,513,329
96$24,591,995$3,158,304$1,241,583$19,132,589
97$26,980,842$3,193,525$1,163,640$20,913,669
98$29,609,587$3,226,706$1,079,321$22,873,042
99$32,502,580$3,257,630$988,293$25,028,862
100$35,686,652$3,286,062$890,210$27,401,137