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%17.4%
1 years$147,817$146,500$145,215$143,961$142,737$138,445
2 years$73,176$71,814$70,493$69,212$67,970$63,682
3 years$48,300$46,931$45,614$44,345$43,123$38,974
4 years$35,864$34,499$33,195$31,948$30,756$26,777
5 years$28,404$27,048$25,761$24,539$23,380$19,582
6 years$23,433$22,087$20,818$19,624$18,500$14,886
7 years$19,883$18,548$17,300$16,134$15,045$11,616
8 years$17,222$15,899$14,672$13,534$12,482$9,234
9 years$15,153$13,843$12,637$11,528$10,511$7,443
10 years$13,500$12,202$11,017$9,938$8,956$6,062
11 years$12,147$10,863$9,699$8,649$7,703$4,978
12 years$11,021$9,750$8,608$7,586$6,675$4,114
13 years$10,069$8,811$7,691$6,697$5,821$3,418
14 years$9,254$8,009$6,910$5,945$5,102$2,851
15 years$8,548$7,316$6,239$5,302$4,492$2,387
16 years$7,930$6,713$5,656$4,747$3,970$2,004
17 years$7,386$6,182$5,147$4,265$3,520$1,686
18 years$6,903$5,713$4,699$3,844$3,130$1,421
19 years$6,472$5,294$4,301$3,473$2,790$1,200
20 years$6,084$4,920$3,948$3,146$2,492$1,015
21 years$5,733$4,583$3,631$2,855$2,230$859
22 years$5,415$4,278$3,347$2,596$1,999$728
23 years$5,125$4,001$3,090$2,364$1,794$617
24 years$4,859$3,748$2,858$2,156$1,613$524
25 years$4,615$3,518$2,647$1,969$1,451$445
26 years$4,390$3,306$2,455$1,801$1,307$378
27 years$4,182$3,111$2,279$1,648$1,179$321
28 years$3,990$2,932$2,119$1,510$1,064$273
29 years$3,810$2,766$1,972$1,385$960$232
30 years$3,644$2,612$1,837$1,271$868$197
31 years$3,488$2,469$1,712$1,167$785$168
32 years$3,342$2,336$1,598$1,073$710$143
33 years$3,206$2,213$1,492$986$642$122
34 years$3,077$2,097$1,394$908$581$104
35 years$2,957$1,989$1,303$835$527$88
36 years$2,843$1,888$1,219$769$477$75
37 years$2,736$1,793$1,141$709$432$64
38 years$2,634$1,704$1,069$653$392$54
39 years$2,538$1,620$1,001$602$356$46
40 years$2,447$1,542$938$556$323$39
41 years$2,361$1,468$880$513$293$34
42 years$2,279$1,398$825$473$265$29
43 years$2,201$1,332$774$437$241$24
44 years$2,127$1,269$727$403$219$21
45 years$2,056$1,210$683$372$199$18
46 years$1,989$1,155$641$344$180$15
47 years$1,924$1,102$602$318$164$13
48 years$1,863$1,052$566$294$149$11
49 years$1,804$1,005$532$271$135$9
50 years$1,748$960$500$251$123$8

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 $6,251 every year, while hoping to spend $20,595 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: 24/47/29 Blend
65$1,790,000$1,790,000$1,790,000$1,790,000
66$1,979,028$1,884,158$1,856,413$2,008,385
67$2,158,976$1,954,569$1,896,690$2,104,387
68$2,356,588$2,027,739$1,937,626$2,205,036
69$2,573,645$2,103,783$1,979,221$2,312,442
70$2,812,107$2,182,819$2,021,475$2,427,184
71$3,074,135$2,264,970$2,064,388$2,549,893
72$3,362,108$2,350,365$2,107,956$2,681,261
73$3,678,649$2,439,138$2,152,178$2,822,048
74$4,026,645$2,531,430$2,197,050$2,973,085
75$4,409,279$2,627,387$2,242,567$3,135,285
76$4,830,057$2,727,160$2,288,725$3,309,648
77$5,292,842$2,830,910$2,335,516$3,497,274
78$5,801,890$2,938,803$2,382,934$3,699,367
79$6,361,889$3,051,011$2,430,969$3,917,250
80$6,978,008$3,167,716$2,479,612$4,152,376
81$7,655,937$3,289,107$2,528,852$4,406,341
82$8,401,949$3,415,380$2,578,676$4,680,897
83$9,222,956$3,546,741$2,629,069$4,977,968
84$10,126,572$3,683,406$2,680,017$5,299,671
85$11,121,187$3,825,597$2,731,502$5,648,329
86$12,216,046$3,973,550$2,783,506$6,026,498
87$13,421,337$4,127,508$2,836,007$6,436,986
88$14,748,283$4,287,726$2,888,984$6,882,881
89$16,209,255$4,454,471$2,942,411$7,367,578
90$17,817,880$4,628,022$2,996,263$7,894,810
91$19,589,176$4,808,667$3,050,510$8,468,686
92$21,539,691$4,996,711$3,105,122$9,093,720
93$23,687,660$5,192,470$3,160,064$9,774,883
94$26,053,176$5,396,276$3,215,300$10,517,641
95$28,658,380$5,608,473$3,270,793$11,328,008
96$31,527,669$5,829,423$3,326,499$12,212,602
97$34,687,930$6,059,503$3,382,375$13,178,708
98$38,168,786$6,299,106$3,438,372$14,234,340
99$42,002,885$6,548,645$3,494,440$15,388,321
100$46,226,200$6,808,549$3,550,524$16,650,359