Can I retire at age 66 with 1,760,000?

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 $1,760,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.7%
1 years$145,339$144,045$142,781$141,549$140,345$137,063
2 years$71,950$70,610$69,311$68,052$66,831$63,544
3 years$47,490$46,144$44,849$43,602$42,400$39,210
4 years$35,263$33,921$32,639$31,413$30,240$27,171
5 years$27,928$26,595$25,329$24,128$22,988$20,049
6 years$23,040$21,716$20,470$19,295$18,190$15,383
7 years$19,550$18,237$17,010$15,864$14,793$12,120
8 years$16,933$15,633$14,426$13,308$12,272$9,732
9 years$14,900$13,611$12,425$11,335$10,335$7,925
10 years$13,273$11,998$10,833$9,771$8,806$6,524
11 years$11,944$10,681$9,537$8,504$7,573$5,416
12 years$10,836$9,586$8,464$7,459$6,563$4,526
13 years$9,900$8,663$7,562$6,585$5,723$3,803
14 years$9,099$7,875$6,794$5,846$5,017$3,210
15 years$8,404$7,194$6,134$5,213$4,417$2,720
16 years$7,797$6,600$5,562$4,668$3,904$2,311
17 years$7,263$6,078$5,061$4,194$3,461$1,969
18 years$6,788$5,617$4,620$3,780$3,078$1,681
19 years$6,363$5,206$4,229$3,415$2,743$1,437
20 years$5,982$4,837$3,881$3,093$2,450$1,231
21 years$5,637$4,506$3,570$2,807$2,193$1,056
22 years$5,324$4,206$3,290$2,552$1,966$907
23 years$5,039$3,934$3,038$2,325$1,764$779
24 years$4,777$3,686$2,810$2,120$1,586$670
25 years$4,538$3,459$2,602$1,936$1,427$577
26 years$4,316$3,251$2,414$1,770$1,285$497
27 years$4,112$3,059$2,241$1,620$1,159$428
28 years$3,923$2,883$2,084$1,485$1,046$369
29 years$3,747$2,720$1,939$1,361$944$318
30 years$3,583$2,568$1,806$1,250$853$274
31 years$3,429$2,428$1,684$1,148$771$237
32 years$3,286$2,297$1,571$1,055$698$204
33 years$3,152$2,176$1,467$970$631$176
34 years$3,026$2,062$1,370$892$572$152
35 years$2,907$1,956$1,281$821$518$131
36 years$2,795$1,856$1,199$757$469$114
37 years$2,690$1,763$1,122$697$425$98
38 years$2,590$1,676$1,051$642$386$85
39 years$2,496$1,593$984$592$350$73
40 years$2,406$1,516$923$546$317$63
41 years$2,321$1,443$865$504$288$55
42 years$2,241$1,374$811$465$261$47
43 years$2,164$1,309$761$429$237$41
44 years$2,091$1,248$715$397$215$35
45 years$2,022$1,190$671$366$195$30
46 years$1,955$1,135$630$338$177$26
47 years$1,892$1,083$592$313$161$23
48 years$1,832$1,034$557$289$146$20
49 years$1,774$988$523$267$133$17
50 years$1,718$944$492$247$121$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $1,760,000, adding $5,589 every year, while hoping to spend $43,682 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: 83/10/7 Blend
65$1,760,000$1,760,000$1,760,000$1,760,000
66$1,945,285$1,852,005$1,824,725$2,105,030
67$2,097,227$1,896,276$1,839,376$2,254,510
68$2,263,203$1,941,252$1,853,054$2,412,163
69$2,444,598$1,986,922$1,865,680$2,583,921
70$2,642,938$2,033,272$1,877,171$2,771,171
71$2,859,901$2,080,286$1,887,440$2,975,442
72$3,097,338$2,127,947$1,896,396$3,198,415
73$3,357,283$2,176,233$1,903,942$3,441,945
74$3,641,979$2,225,122$1,909,977$3,708,073
75$3,953,896$2,274,588$1,914,396$3,999,046
76$4,295,751$2,324,601$1,917,087$4,317,341
77$4,670,541$2,375,129$1,917,932$4,665,685
78$5,081,562$2,426,137$1,916,809$5,047,083
79$5,532,449$2,477,584$1,913,589$5,464,844
80$6,027,202$2,529,429$1,908,137$5,922,614
81$6,570,228$2,581,623$1,900,312$6,424,409
82$7,166,383$2,634,114$1,889,964$6,974,654
83$7,821,015$2,686,847$1,876,939$7,578,223
84$8,540,014$2,739,758$1,861,072$8,240,486
85$9,329,871$2,792,782$1,842,193$8,967,361
86$10,197,735$2,845,845$1,820,124$9,765,366
87$11,151,482$2,898,869$1,794,676$10,641,684
88$12,199,788$2,951,769$1,765,653$11,604,228
89$13,352,214$3,004,453$1,732,849$12,661,717
90$14,619,291$3,056,822$1,696,051$13,823,759
91$16,012,622$3,108,769$1,655,032$15,100,939
92$17,544,990$3,160,180$1,609,556$16,504,922
93$19,230,482$3,210,932$1,559,379$18,048,559
94$21,084,614$3,260,891$1,504,241$19,746,013
95$23,124,486$3,309,915$1,443,874$21,612,888
96$25,368,935$3,357,853$1,377,996$23,666,380
97$27,838,720$3,404,541$1,306,312$25,925,435
98$30,556,710$3,449,804$1,228,514$28,410,934
99$33,548,106$3,493,457$1,144,282$31,145,881
100$36,840,675$3,535,298$1,053,277$34,155,631