Can I retire at age 66 with 1,770,000?

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 $1,770,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.3%
1 years$146,165$144,863$143,593$142,353$141,142$137,507
2 years$72,359$71,011$69,705$68,439$67,211$63,572
3 years$47,760$46,407$45,104$43,849$42,641$39,114
4 years$35,463$34,114$32,824$31,591$30,412$27,023
5 years$28,087$26,746$25,473$24,265$23,119$19,877
6 years$23,171$21,840$20,586$19,405$18,293$15,201
7 years$19,661$18,341$17,107$15,954$14,877$11,936
8 years$17,030$15,722$14,508$13,383$12,342$9,550
9 years$14,984$13,689$12,496$11,400$10,394$7,749
10 years$13,349$12,066$10,894$9,827$8,856$6,355
11 years$12,012$10,741$9,591$8,552$7,616$5,256
12 years$10,898$9,641$8,512$7,501$6,600$4,375
13 years$9,957$8,713$7,605$6,623$5,756$3,662
14 years$9,150$7,920$6,833$5,879$5,045$3,078
15 years$8,452$7,235$6,169$5,243$4,442$2,597
16 years$7,842$6,638$5,593$4,694$3,926$2,197
17 years$7,304$6,113$5,090$4,218$3,481$1,864
18 years$6,826$5,649$4,646$3,801$3,095$1,584
19 years$6,399$5,235$4,253$3,435$2,759$1,349
20 years$6,016$4,865$3,904$3,111$2,464$1,150
21 years$5,669$4,531$3,590$2,823$2,205$982
22 years$5,354$4,230$3,309$2,567$1,977$839
23 years$5,067$3,956$3,055$2,338$1,774$718
24 years$4,805$3,707$2,826$2,132$1,595$614
25 years$4,563$3,478$2,617$1,947$1,435$526
26 years$4,341$3,269$2,427$1,780$1,293$451
27 years$4,135$3,077$2,254$1,630$1,166$387
28 years$3,945$2,899$2,095$1,493$1,052$332
29 years$3,768$2,735$1,950$1,369$950$285
30 years$3,603$2,583$1,816$1,257$858$244
31 years$3,449$2,442$1,693$1,154$776$210
32 years$3,305$2,310$1,580$1,061$702$180
33 years$3,170$2,188$1,475$975$635$155
34 years$3,043$2,074$1,378$897$575$133
35 years$2,924$1,967$1,289$826$521$114
36 years$2,811$1,867$1,205$761$472$98
37 years$2,705$1,773$1,128$701$428$84
38 years$2,605$1,685$1,057$646$388$72
39 years$2,510$1,602$990$596$352$62
40 years$2,420$1,524$928$550$319$54
41 years$2,335$1,451$870$507$289$46
42 years$2,253$1,382$816$468$263$40
43 years$2,176$1,317$766$432$238$34
44 years$2,103$1,255$719$399$216$29
45 years$2,033$1,197$675$368$196$25
46 years$1,966$1,142$634$340$178$22
47 years$1,903$1,090$596$314$162$19
48 years$1,842$1,040$560$290$147$16
49 years$1,784$993$526$268$134$14
50 years$1,728$949$495$248$121$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $1,770,000, adding $5,373 every year, while hoping to spend $20,042 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: 43/44/13 Blend
65$1,770,000$1,770,000$1,770,000$1,770,000
66$1,956,082$1,862,272$1,834,837$2,032,592
67$2,134,278$1,932,199$1,874,980$2,156,576
68$2,329,978$2,004,881$1,915,795$2,288,388
69$2,544,947$2,080,431$1,957,285$2,430,746
70$2,781,128$2,158,968$1,999,451$2,584,627
71$3,040,662$2,240,616$2,042,291$2,751,103
72$3,325,908$2,325,505$2,085,806$2,931,351
73$3,639,464$2,413,769$2,129,995$3,126,663
74$3,984,194$2,505,548$2,174,855$3,338,463
75$4,363,253$2,600,991$2,220,383$3,568,311
76$4,780,114$2,700,249$2,266,575$3,817,924
77$5,238,607$2,803,482$2,313,427$4,089,191
78$5,742,951$2,910,859$2,360,932$4,384,186
79$6,297,792$3,022,551$2,409,084$4,705,192
80$6,908,253$3,138,742$2,457,875$5,054,717
81$7,579,976$3,259,622$2,507,294$5,435,523
82$8,319,177$3,385,387$2,557,332$5,850,644
83$9,132,708$3,516,245$2,607,977$6,303,422
84$10,028,115$3,652,412$2,659,216$6,797,530
85$11,013,715$3,794,113$2,711,032$7,337,011
86$12,098,673$3,941,584$2,763,411$7,926,315
87$13,293,086$4,095,070$2,816,333$8,570,337
88$14,608,080$4,254,827$2,869,779$9,274,466
89$16,055,915$4,421,124$2,923,728$10,044,631
90$17,650,100$4,594,241$2,978,154$10,887,361
91$19,405,521$4,774,470$3,033,033$11,809,840
92$21,338,581$4,962,116$3,088,337$12,819,978
93$23,467,354$5,157,497$3,144,034$13,926,484
94$25,811,758$5,360,949$3,200,093$15,138,945
95$28,393,740$5,572,817$3,256,478$16,467,917
96$31,237,482$5,793,466$3,313,152$17,925,022
97$34,369,636$6,023,276$3,370,072$19,523,058
98$37,819,565$6,262,644$3,427,196$21,276,117
99$41,619,631$6,511,983$3,484,477$23,199,720
100$45,805,491$6,771,728$3,541,865$25,310,956