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%12.5%
1 years$142,862$141,589$140,348$139,136$137,953$136,512
2 years$70,724$69,406$68,130$66,892$65,692$64,241
3 years$46,681$45,358$44,085$42,859$41,678$40,262
4 years$34,662$33,343$32,082$30,877$29,725$28,355
5 years$27,452$26,141$24,897$23,717$22,596$21,276
6 years$22,647$21,346$20,121$18,966$17,880$16,611
7 years$19,217$17,927$16,720$15,593$14,541$13,324
8 years$16,645$15,366$14,180$13,081$12,063$10,898
9 years$14,646$13,379$12,213$11,142$10,159$9,045
10 years$13,047$11,793$10,648$9,604$8,656$7,593
11 years$11,740$10,499$9,374$8,359$7,444$6,431
12 years$10,652$9,423$8,319$7,332$6,451$5,487
13 years$9,732$8,516$7,433$6,473$5,626$4,709
14 years$8,943$7,741$6,678$5,746$4,931$4,061
15 years$8,261$7,071$6,030$5,124$4,342$3,517
16 years$7,665$6,488$5,467$4,588$3,837$3,056
17 years$7,139$5,975$4,975$4,123$3,402$2,664
18 years$6,672$5,521$4,541$3,715$3,025$2,327
19 years$6,255$5,117$4,157$3,357$2,697$2,038
20 years$5,880$4,755$3,815$3,040$2,409$1,788
21 years$5,541$4,429$3,509$2,759$2,155$1,571
22 years$5,233$4,134$3,234$2,509$1,932$1,382
23 years$4,953$3,867$2,986$2,285$1,734$1,218
24 years$4,696$3,623$2,762$2,084$1,559$1,074
25 years$4,460$3,400$2,558$1,903$1,403$948
26 years$4,243$3,195$2,372$1,740$1,264$837
27 years$4,042$3,007$2,203$1,593$1,139$740
28 years$3,856$2,834$2,048$1,459$1,028$655
29 years$3,683$2,673$1,906$1,338$928$580
30 years$3,522$2,525$1,775$1,228$839$513
31 years$3,371$2,387$1,655$1,128$758$455
32 years$3,230$2,258$1,544$1,037$686$403
33 years$3,098$2,139$1,442$953$621$357
34 years$2,974$2,027$1,347$877$562$317
35 years$2,858$1,922$1,259$807$509$281
36 years$2,748$1,825$1,178$744$461$249
37 years$2,644$1,733$1,103$685$418$221
38 years$2,546$1,647$1,033$632$379$196
39 years$2,453$1,566$968$582$344$174
40 years$2,365$1,490$907$537$312$155
41 years$2,282$1,418$850$496$283$138
42 years$2,203$1,351$798$457$257$122
43 years$2,127$1,287$748$422$233$108
44 years$2,055$1,227$703$390$211$96
45 years$1,987$1,170$660$360$192$86
46 years$1,922$1,116$620$333$174$76
47 years$1,860$1,065$582$307$158$68
48 years$1,800$1,017$547$284$144$60
49 years$1,743$971$514$262$130$53
50 years$1,689$927$483$242$119$47

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 $2,605 every year, while hoping to spend $36,561 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: 49/46/5 Blend
65$1,730,000$1,730,000$1,730,000$1,730,000
66$1,909,147$1,817,457$1,790,642$2,000,229
67$2,064,979$1,867,612$1,811,728$2,112,752
68$2,235,481$1,918,999$1,832,295$2,230,770
69$2,422,110$1,971,640$1,852,287$2,358,074
70$2,626,472$2,025,556$1,871,645$2,495,539
71$2,850,334$2,080,770$1,890,306$2,644,127
72$3,095,642$2,137,302$1,908,206$2,804,895
73$3,364,541$2,195,173$1,925,274$2,979,008
74$3,659,391$2,254,404$1,941,438$3,167,748
75$3,982,794$2,315,014$1,956,621$3,372,523
76$4,337,613$2,377,025$1,970,742$3,594,887
77$4,727,004$2,440,453$1,983,716$3,836,548
78$5,154,442$2,505,319$1,995,454$4,099,387
79$5,623,755$2,571,640$2,005,862$4,385,475
80$6,139,160$2,639,432$2,014,840$4,697,091
81$6,705,303$2,708,712$2,022,286$5,036,748
82$7,327,300$2,779,496$2,028,089$5,407,211
83$8,010,790$2,851,797$2,032,135$5,811,524
84$8,761,983$2,925,627$2,034,304$6,253,041
85$9,587,722$3,001,000$2,034,470$6,735,456
86$10,495,545$3,077,924$2,032,500$7,262,838
87$11,493,757$3,156,408$2,028,255$7,839,669
88$12,591,508$3,236,460$2,021,589$8,470,885
89$13,798,879$3,318,084$2,012,350$9,161,925
90$15,126,978$3,401,283$2,000,377$9,918,780
91$16,588,042$3,486,058$1,985,502$10,748,050
92$18,195,555$3,572,408$1,967,549$11,657,006
93$19,964,374$3,660,328$1,946,334$12,653,659
94$21,910,868$3,749,812$1,921,664$13,746,835
95$24,053,073$3,840,850$1,893,337$14,946,258
96$26,410,863$3,933,428$1,861,140$16,262,643
97$29,006,135$4,027,530$1,824,853$17,707,795
98$31,863,019$4,123,137$1,784,243$19,294,721
99$35,008,099$4,220,223$1,739,067$21,037,753
100$38,470,672$4,318,761$1,689,073$22,952,683