Can I retire at age 66 with 1,750,000?

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 $1,750,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$144,513$143,226$141,970$140,744$139,547$137,918
2 years$71,541$70,209$68,918$67,666$66,451$64,811
3 years$47,220$45,882$44,594$43,354$42,159$40,560
4 years$35,062$33,728$32,453$31,234$30,068$28,521
5 years$27,769$26,443$25,185$23,991$22,858$21,367
6 years$22,909$21,593$20,353$19,186$18,086$16,655
7 years$19,439$18,134$16,914$15,774$14,709$13,337
8 years$16,837$15,544$14,344$13,232$12,203$10,890
9 years$14,815$13,534$12,355$11,271$10,276$9,023
10 years$13,198$11,929$10,771$9,716$8,756$7,561
11 years$11,876$10,620$9,483$8,455$7,530$6,392
12 years$10,775$9,532$8,416$7,417$6,526$5,443
13 years$9,844$8,614$7,519$6,548$5,691$4,662
14 years$9,047$7,830$6,756$5,812$4,988$4,013
15 years$8,357$7,153$6,099$5,184$4,392$3,468
16 years$7,753$6,563$5,530$4,641$3,882$3,008
17 years$7,221$6,044$5,032$4,170$3,442$2,616
18 years$6,749$5,585$4,594$3,758$3,060$2,281
19 years$6,327$5,176$4,205$3,396$2,728$1,993
20 years$5,948$4,810$3,859$3,076$2,436$1,744
21 years$5,605$4,480$3,550$2,791$2,180$1,529
22 years$5,294$4,182$3,272$2,538$1,954$1,342
23 years$5,010$3,911$3,021$2,311$1,754$1,180
24 years$4,750$3,665$2,794$2,108$1,577$1,038
25 years$4,512$3,439$2,588$1,925$1,419$914
26 years$4,292$3,232$2,400$1,760$1,278$806
27 years$4,089$3,042$2,229$1,611$1,152$711
28 years$3,900$2,866$2,072$1,476$1,040$627
29 years$3,725$2,704$1,928$1,354$939$554
30 years$3,562$2,554$1,796$1,242$848$489
31 years$3,410$2,414$1,674$1,141$767$432
32 years$3,268$2,284$1,562$1,049$694$382
33 years$3,134$2,163$1,458$964$628$338
34 years$3,009$2,050$1,363$887$568$299
35 years$2,891$1,945$1,274$817$515$265
36 years$2,779$1,846$1,192$752$467$234
37 years$2,674$1,753$1,116$693$423$207
38 years$2,575$1,666$1,045$639$383$183
39 years$2,481$1,584$979$589$348$162
40 years$2,393$1,507$917$543$315$144
41 years$2,308$1,435$860$501$286$127
42 years$2,228$1,366$807$463$260$113
43 years$2,152$1,302$757$427$236$100
44 years$2,079$1,241$711$394$214$89
45 years$2,010$1,183$667$364$194$78
46 years$1,944$1,129$627$336$176$70
47 years$1,881$1,077$589$311$160$62
48 years$1,821$1,028$553$287$145$55
49 years$1,764$982$520$265$132$48
50 years$1,709$938$489$245$120$43

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $1,750,000, adding $6,535 every year, while hoping to spend $39,581 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: 47/48/5 Blend
65$1,750,000$1,750,000$1,750,000$1,750,000
66$1,935,241$1,842,491$1,815,366$2,023,386
67$2,090,522$1,890,659$1,834,067$2,132,605
68$2,260,314$1,939,861$1,852,068$2,246,349
69$2,446,057$1,990,105$1,869,303$2,368,842
70$2,649,335$2,041,400$1,885,704$2,500,906
71$2,871,891$2,093,752$1,901,199$2,643,445
72$3,115,646$2,147,168$1,915,711$2,797,451
73$3,382,714$2,201,652$1,929,160$2,964,018
74$3,675,426$2,257,208$1,941,462$3,144,352
75$3,996,346$2,313,838$1,952,528$3,339,776
76$4,348,300$2,371,543$1,962,264$3,551,749
77$4,734,400$2,430,321$1,970,573$3,781,880
78$5,158,072$2,490,171$1,977,351$4,031,935
79$5,623,094$2,551,087$1,982,490$4,303,862
80$6,133,622$2,613,063$1,985,877$4,599,808
81$6,694,240$2,676,091$1,987,391$4,922,133
82$7,309,992$2,740,160$1,986,909$5,273,441
83$7,986,439$2,805,255$1,984,298$5,656,596
84$8,729,704$2,871,361$1,979,420$6,074,756
85$9,546,535$2,938,459$1,972,132$6,531,398
86$10,444,365$3,006,526$1,962,281$7,030,353
87$11,431,381$3,075,537$1,949,709$7,575,843
88$12,516,607$3,145,463$1,934,249$8,172,515
89$13,709,981$3,216,271$1,915,726$8,825,493
90$15,022,454$3,287,924$1,893,959$9,540,421
91$16,466,093$3,360,381$1,868,755$10,323,519
92$18,054,190$3,433,595$1,839,914$11,181,637
93$19,801,393$3,507,517$1,807,226$12,122,325
94$21,723,839$3,582,089$1,770,473$13,153,904
95$23,839,310$3,657,251$1,729,423$14,285,539
96$26,167,398$3,732,934$1,683,836$15,527,332
97$28,729,689$3,809,065$1,633,462$16,890,414
98$31,549,971$3,885,562$1,578,036$18,387,051
99$34,654,452$3,962,339$1,517,284$20,030,759
100$38,072,011$4,039,298$1,450,918$21,836,432