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

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 $1,790,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.5%
1 years$147,817$146,500$145,215$143,961$142,737$137,291
2 years$73,176$71,814$70,493$69,212$67,970$62,547
3 years$48,300$46,931$45,614$44,345$43,123$37,894
4 years$35,864$34,499$33,195$31,948$30,756$25,760
5 years$28,404$27,048$25,761$24,539$23,380$18,631
6 years$23,433$22,087$20,818$19,624$18,500$14,001
7 years$19,883$18,548$17,300$16,134$15,045$10,795
8 years$17,222$15,899$14,672$13,534$12,482$8,476
9 years$15,153$13,843$12,637$11,528$10,511$6,744
10 years$13,500$12,202$11,017$9,938$8,956$5,421
11 years$12,147$10,863$9,699$8,649$7,703$4,391
12 years$11,021$9,750$8,608$7,586$6,675$3,579
13 years$10,069$8,811$7,691$6,697$5,821$2,931
14 years$9,254$8,009$6,910$5,945$5,102$2,410
15 years$8,548$7,316$6,239$5,302$4,492$1,987
16 years$7,930$6,713$5,656$4,747$3,970$1,643
17 years$7,386$6,182$5,147$4,265$3,520$1,361
18 years$6,903$5,713$4,699$3,844$3,130$1,130
19 years$6,472$5,294$4,301$3,473$2,790$939
20 years$6,084$4,920$3,948$3,146$2,492$781
21 years$5,733$4,583$3,631$2,855$2,230$651
22 years$5,415$4,278$3,347$2,596$1,999$542
23 years$5,125$4,001$3,090$2,364$1,794$452
24 years$4,859$3,748$2,858$2,156$1,613$378
25 years$4,615$3,518$2,647$1,969$1,451$315
26 years$4,390$3,306$2,455$1,801$1,307$263
27 years$4,182$3,111$2,279$1,648$1,179$220
28 years$3,990$2,932$2,119$1,510$1,064$184
29 years$3,810$2,766$1,972$1,385$960$154
30 years$3,644$2,612$1,837$1,271$868$128
31 years$3,488$2,469$1,712$1,167$785$107
32 years$3,342$2,336$1,598$1,073$710$90
33 years$3,206$2,213$1,492$986$642$75
34 years$3,077$2,097$1,394$908$581$63
35 years$2,957$1,989$1,303$835$527$53
36 years$2,843$1,888$1,219$769$477$44
37 years$2,736$1,793$1,141$709$432$37
38 years$2,634$1,704$1,069$653$392$31
39 years$2,538$1,620$1,001$602$356$26
40 years$2,447$1,542$938$556$323$22
41 years$2,361$1,468$880$513$293$18
42 years$2,279$1,398$825$473$265$15
43 years$2,201$1,332$774$437$241$13
44 years$2,127$1,269$727$403$219$11
45 years$2,056$1,210$683$372$199$9
46 years$1,989$1,155$641$344$180$7
47 years$1,924$1,102$602$318$164$6
48 years$1,863$1,052$566$294$149$5
49 years$1,804$1,005$532$271$135$4
50 years$1,748$960$500$251$123$4

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 $4,733 every year, while hoping to spend $55,429 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: 61/18/21 Blend
65$1,790,000$1,790,000$1,790,000$1,790,000
66$1,977,462$1,882,592$1,854,847$2,086,946
67$2,120,187$1,915,863$1,858,008$2,194,843
68$2,275,613$1,948,907$1,859,418$2,306,013
69$2,444,975$1,981,653$1,858,958$2,426,095
70$2,629,636$2,014,027$1,856,507$2,555,963
71$2,831,093$2,045,949$1,851,934$2,696,581
72$3,050,996$2,077,332$1,845,105$2,849,012
73$3,291,159$2,108,083$1,835,878$3,014,428
74$3,553,582$2,138,104$1,824,105$3,194,121
75$3,840,463$2,167,287$1,809,628$3,389,517
76$4,154,226$2,195,519$1,792,286$3,602,187
77$4,497,536$2,222,679$1,771,907$3,833,865
78$4,873,331$2,248,636$1,748,312$4,086,459
79$5,284,844$2,273,252$1,721,313$4,362,079
80$5,735,635$2,296,379$1,690,715$4,663,047
81$6,229,628$2,317,859$1,656,311$4,991,924
82$6,771,139$2,337,524$1,617,887$5,351,537
83$7,364,927$2,355,194$1,575,218$5,744,999
84$8,016,229$2,370,678$1,528,068$6,175,746
85$8,730,817$2,383,774$1,476,190$6,647,566
86$9,515,046$2,394,265$1,419,329$7,164,634
87$10,375,918$2,401,921$1,357,213$7,731,555
88$11,321,144$2,406,497$1,289,562$8,353,406
89$12,359,220$2,407,735$1,216,082$9,035,786
90$13,499,505$2,405,358$1,136,465$9,784,866
91$14,752,307$2,399,074$1,050,389$10,607,453
92$16,128,985$2,388,570$957,519$11,511,049
93$17,642,049$2,373,519$857,504$12,503,928
94$19,305,286$2,353,568$749,978$13,595,209
95$21,133,880$2,328,349$634,558$14,794,950
96$23,144,564$2,297,466$510,844$16,114,236
97$25,355,772$2,260,504$378,419$17,565,290
98$27,787,812$2,217,019$236,847$19,161,587
99$30,463,061$2,166,546$85,674$20,917,982
100$33,406,173$2,108,587$0$22,850,852