Can I retire at age 66 with 1,790,000?

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 $1,790,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.9%
1 years$147,817$146,500$145,215$143,961$142,737$137,074
2 years$73,176$71,814$70,493$69,212$67,970$62,335
3 years$48,300$46,931$45,614$44,345$43,123$37,693
4 years$35,864$34,499$33,195$31,948$30,756$25,572
5 years$28,404$27,048$25,761$24,539$23,380$18,456
6 years$23,433$22,087$20,818$19,624$18,500$13,839
7 years$19,883$18,548$17,300$16,134$15,045$10,646
8 years$17,222$15,899$14,672$13,534$12,482$8,339
9 years$15,153$13,843$12,637$11,528$10,511$6,619
10 years$13,500$12,202$11,017$9,938$8,956$5,307
11 years$12,147$10,863$9,699$8,649$7,703$4,287
12 years$11,021$9,750$8,608$7,586$6,675$3,485
13 years$10,069$8,811$7,691$6,697$5,821$2,846
14 years$9,254$8,009$6,910$5,945$5,102$2,333
15 years$8,548$7,316$6,239$5,302$4,492$1,919
16 years$7,930$6,713$5,656$4,747$3,970$1,582
17 years$7,386$6,182$5,147$4,265$3,520$1,307
18 years$6,903$5,713$4,699$3,844$3,130$1,081
19 years$6,472$5,294$4,301$3,473$2,790$896
20 years$6,084$4,920$3,948$3,146$2,492$743
21 years$5,733$4,583$3,631$2,855$2,230$617
22 years$5,415$4,278$3,347$2,596$1,999$513
23 years$5,125$4,001$3,090$2,364$1,794$426
24 years$4,859$3,748$2,858$2,156$1,613$355
25 years$4,615$3,518$2,647$1,969$1,451$295
26 years$4,390$3,306$2,455$1,801$1,307$246
27 years$4,182$3,111$2,279$1,648$1,179$205
28 years$3,990$2,932$2,119$1,510$1,064$170
29 years$3,810$2,766$1,972$1,385$960$142
30 years$3,644$2,612$1,837$1,271$868$118
31 years$3,488$2,469$1,712$1,167$785$99
32 years$3,342$2,336$1,598$1,073$710$82
33 years$3,206$2,213$1,492$986$642$69
34 years$3,077$2,097$1,394$908$581$57
35 years$2,957$1,989$1,303$835$527$48
36 years$2,843$1,888$1,219$769$477$40
37 years$2,736$1,793$1,141$709$432$33
38 years$2,634$1,704$1,069$653$392$28
39 years$2,538$1,620$1,001$602$356$23
40 years$2,447$1,542$938$556$323$19
41 years$2,361$1,468$880$513$293$16
42 years$2,279$1,398$825$473$265$13
43 years$2,201$1,332$774$437$241$11
44 years$2,127$1,269$727$403$219$9
45 years$2,056$1,210$683$372$199$8
46 years$1,989$1,155$641$344$180$6
47 years$1,924$1,102$602$318$164$5
48 years$1,863$1,052$566$294$149$4
49 years$1,804$1,005$532$271$135$4
50 years$1,748$960$500$251$123$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $1,790,000, adding $4,209 every year, while hoping to spend $46,715 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: 65/21/14 Blend
65$1,790,000$1,790,000$1,790,000$1,790,000
66$1,976,922$1,882,052$1,854,307$2,098,613
67$2,128,863$1,924,568$1,866,721$2,223,004
68$2,294,737$1,967,601$1,877,987$2,353,056
69$2,475,915$2,011,129$1,888,014$2,494,005
70$2,673,908$2,055,123$1,896,711$2,646,912
71$2,890,377$2,099,555$1,903,982$2,812,949
72$3,127,153$2,144,391$1,909,724$2,993,404
73$3,386,253$2,189,596$1,913,829$3,189,697
74$3,669,895$2,235,130$1,916,186$3,403,395
75$3,980,523$2,280,950$1,916,677$3,636,221
76$4,320,828$2,327,009$1,915,178$3,890,074
77$4,693,775$2,373,255$1,911,559$4,167,048
78$5,102,627$2,419,632$1,905,683$4,469,448
79$5,550,980$2,466,078$1,897,409$4,799,817
80$6,042,793$2,512,530$1,886,585$5,160,954
81$6,582,428$2,558,914$1,873,056$5,555,946
82$7,174,689$2,605,154$1,856,657$5,988,192
83$7,824,868$2,651,166$1,837,215$6,461,441
84$8,538,793$2,696,862$1,814,550$6,979,821
85$9,322,885$2,742,144$1,788,473$7,547,884
86$10,184,219$2,786,909$1,758,786$8,170,646
87$11,130,587$2,831,044$1,725,283$8,853,633
88$12,170,572$2,874,431$1,687,746$9,602,938
89$13,313,634$2,916,941$1,645,948$10,425,274
90$14,570,189$2,958,437$1,599,652$11,328,039
91$15,951,719$2,998,770$1,548,611$12,319,388
92$17,470,868$3,037,784$1,492,563$13,408,307
93$19,141,571$3,075,310$1,431,238$14,604,702
94$20,979,179$3,111,167$1,364,353$15,919,487
95$23,000,606$3,145,165$1,291,609$17,364,693
96$25,224,487$3,177,097$1,212,697$18,953,579
97$27,671,355$3,206,746$1,127,293$20,700,757
98$30,363,834$3,233,877$1,035,058$22,622,334
99$33,326,851$3,258,243$935,638$24,736,058
100$36,587,871$3,279,578$828,664$27,061,492