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%12%
1 years$147,817$146,500$145,215$143,961$142,737$141,541
2 years$73,176$71,814$70,493$69,212$67,970$66,765
3 years$48,300$46,931$45,614$44,345$43,123$41,946
4 years$35,864$34,499$33,195$31,948$30,756$29,615
5 years$28,404$27,048$25,761$24,539$23,380$22,280
6 years$23,433$22,087$20,818$19,624$18,500$17,442
7 years$19,883$18,548$17,300$16,134$15,045$14,029
8 years$17,222$15,899$14,672$13,534$12,482$11,508
9 years$15,153$13,843$12,637$11,528$10,511$9,579
10 years$13,500$12,202$11,017$9,938$8,956$8,066
11 years$12,147$10,863$9,699$8,649$7,703$6,853
12 years$11,021$9,750$8,608$7,586$6,675$5,865
13 years$10,069$8,811$7,691$6,697$5,821$5,050
14 years$9,254$8,009$6,910$5,945$5,102$4,370
15 years$8,548$7,316$6,239$5,302$4,492$3,797
16 years$7,930$6,713$5,656$4,747$3,970$3,311
17 years$7,386$6,182$5,147$4,265$3,520$2,895
18 years$6,903$5,713$4,699$3,844$3,130$2,539
19 years$6,472$5,294$4,301$3,473$2,790$2,231
20 years$6,084$4,920$3,948$3,146$2,492$1,964
21 years$5,733$4,583$3,631$2,855$2,230$1,732
22 years$5,415$4,278$3,347$2,596$1,999$1,530
23 years$5,125$4,001$3,090$2,364$1,794$1,353
24 years$4,859$3,748$2,858$2,156$1,613$1,198
25 years$4,615$3,518$2,647$1,969$1,451$1,062
26 years$4,390$3,306$2,455$1,801$1,307$942
27 years$4,182$3,111$2,279$1,648$1,179$836
28 years$3,990$2,932$2,119$1,510$1,064$742
29 years$3,810$2,766$1,972$1,385$960$660
30 years$3,644$2,612$1,837$1,271$868$586
31 years$3,488$2,469$1,712$1,167$785$522
32 years$3,342$2,336$1,598$1,073$710$464
33 years$3,206$2,213$1,492$986$642$413
34 years$3,077$2,097$1,394$908$581$368
35 years$2,957$1,989$1,303$835$527$328
36 years$2,843$1,888$1,219$769$477$292
37 years$2,736$1,793$1,141$709$432$260
38 years$2,634$1,704$1,069$653$392$232
39 years$2,538$1,620$1,001$602$356$207
40 years$2,447$1,542$938$556$323$185
41 years$2,361$1,468$880$513$293$165
42 years$2,279$1,398$825$473$265$147
43 years$2,201$1,332$774$437$241$131
44 years$2,127$1,269$727$403$219$117
45 years$2,056$1,210$683$372$199$104
46 years$1,989$1,155$641$344$180$93
47 years$1,924$1,102$602$318$164$83
48 years$1,863$1,052$566$294$149$74
49 years$1,804$1,005$532$271$135$66
50 years$1,748$960$500$251$123$59

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 $2,200 every year, while hoping to spend $53,473 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: 49/32/19 Blend
65$1,790,000$1,790,000$1,790,000$1,790,000
66$1,974,849$1,879,979$1,852,234$2,061,001
67$2,119,389$1,915,203$1,857,389$2,156,147
68$2,276,880$1,950,361$1,860,925$2,253,814
69$2,448,586$1,985,393$1,862,730$2,358,779
70$2,635,899$2,020,235$1,862,689$2,471,750
71$2,840,351$2,054,817$1,860,680$2,593,505
72$3,063,629$2,089,065$1,856,574$2,724,907
73$3,307,587$2,122,898$1,850,238$2,866,903
74$3,574,271$2,156,230$1,841,531$3,020,542
75$3,865,930$2,188,968$1,830,306$3,186,978
76$4,185,042$2,221,014$1,816,407$3,367,485
77$4,534,333$2,252,261$1,799,674$3,563,469
78$4,916,809$2,282,595$1,779,937$3,776,481
79$5,335,776$2,311,895$1,757,017$4,008,231
80$5,794,877$2,340,030$1,730,729$4,260,606
81$6,298,125$2,366,862$1,700,879$4,535,688
82$6,849,937$2,392,241$1,667,262$4,835,774
83$7,455,180$2,416,011$1,629,665$5,163,395
84$8,119,214$2,438,001$1,587,865$5,521,346
85$8,847,944$2,458,033$1,541,628$5,912,708
86$9,647,872$2,475,914$1,490,710$6,340,883
87$10,526,161$2,491,441$1,434,855$6,809,619
88$11,490,704$2,504,396$1,373,797$7,323,052
89$12,550,193$2,514,548$1,307,256$7,885,743
90$13,714,204$2,521,652$1,234,941$8,502,726
91$14,993,286$2,525,447$1,156,545$9,179,548
92$16,399,062$2,525,655$1,071,750$9,922,330
93$17,944,336$2,521,981$980,223$10,737,821
94$19,643,214$2,514,114$881,616$11,633,467
95$21,511,237$2,501,721$775,566$12,617,475
96$23,565,527$2,484,449$661,691$13,698,900
97$25,824,950$2,461,926$539,596$14,887,724
98$28,310,289$2,433,755$408,867$16,194,958
99$31,044,446$2,399,516$269,071$17,632,741
100$34,052,651$2,358,764$119,757$19,214,460