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

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 $1,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$82,579$81,843$81,126$80,425$79,741$78,036
2 years$40,881$40,119$39,381$38,666$37,972$36,262
3 years$26,983$26,218$25,482$24,774$24,091$22,430
4 years$20,036$19,273$18,545$17,848$17,182$15,582
5 years$15,868$15,111$14,391$13,709$13,061$11,528
6 years$13,091$12,339$11,630$10,963$10,335$8,870
7 years$11,108$10,362$9,665$9,013$8,405$7,008
8 years$9,621$8,882$8,197$7,561$6,973$5,643
9 years$8,466$7,734$7,060$6,440$5,872$4,609
10 years$7,542$6,817$6,155$5,552$5,003$3,806
11 years$6,786$6,069$5,419$4,832$4,303$3,170
12 years$6,157$5,447$4,809$4,238$3,729$2,658
13 years$5,625$4,922$4,296$3,742$3,252$2,241
14 years$5,170$4,474$3,860$3,321$2,850$1,898
15 years$4,775$4,087$3,485$2,962$2,510$1,613
16 years$4,430$3,750$3,160$2,652$2,218$1,376
17 years$4,126$3,454$2,875$2,383$1,967$1,176
18 years$3,857$3,191$2,625$2,148$1,749$1,008
19 years$3,615$2,958$2,403$1,940$1,559$865
20 years$3,399$2,748$2,205$1,757$1,392$744
21 years$3,203$2,560$2,029$1,595$1,246$640
22 years$3,025$2,390$1,870$1,450$1,117$552
23 years$2,863$2,235$1,726$1,321$1,002$476
24 years$2,714$2,094$1,596$1,205$901$411
25 years$2,578$1,965$1,479$1,100$811$355
26 years$2,453$1,847$1,371$1,006$730$307
27 years$2,336$1,738$1,273$921$658$266
28 years$2,229$1,638$1,184$844$594$230
29 years$2,129$1,545$1,102$774$537$199
30 years$2,036$1,459$1,026$710$485$173
31 years$1,949$1,380$957$652$438$149
32 years$1,867$1,305$893$599$396$130
33 years$1,791$1,236$833$551$359$112
34 years$1,719$1,172$779$507$325$97
35 years$1,652$1,111$728$467$294$84
36 years$1,588$1,055$681$430$267$73
37 years$1,528$1,002$637$396$242$63
38 years$1,472$952$597$365$219$55
39 years$1,418$905$559$337$199$48
40 years$1,367$861$524$310$180$41
41 years$1,319$820$492$286$163$36
42 years$1,273$781$461$264$148$31
43 years$1,230$744$433$244$135$27
44 years$1,188$709$406$225$122$24
45 years$1,149$676$381$208$111$20
46 years$1,111$645$358$192$101$18
47 years$1,075$616$336$178$91$15
48 years$1,041$588$316$164$83$13
49 years$1,008$561$297$152$75$12
50 years$976$536$279$140$69$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $1,000,000, adding $3,179 every year, while hoping to spend $26,645 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: 56/20/24 Blend
65$1,000,000$1,000,000$1,000,000$1,000,000
66$1,105,279$1,052,279$1,036,779$1,159,775
67$1,189,668$1,075,491$1,043,161$1,220,676
68$1,281,771$1,098,947$1,048,864$1,283,918
69$1,382,347$1,122,631$1,053,837$1,352,257
70$1,492,232$1,146,525$1,058,026$1,426,192
71$1,612,345$1,170,610$1,061,375$1,506,274
72$1,743,699$1,194,865$1,063,826$1,593,107
73$1,887,407$1,219,265$1,065,315$1,687,359
74$2,044,699$1,243,785$1,065,779$1,789,767
75$2,216,925$1,268,397$1,065,150$1,901,142
76$2,405,573$1,293,070$1,063,354$2,022,377
77$2,612,283$1,317,772$1,060,318$2,154,460
78$2,838,859$1,342,466$1,055,962$2,298,476
79$3,087,290$1,367,115$1,050,204$2,455,625
80$3,359,766$1,391,675$1,042,958$2,627,228
81$3,658,697$1,416,103$1,034,132$2,814,740
82$3,986,741$1,440,348$1,023,633$3,019,769
83$4,346,824$1,464,360$1,011,359$3,244,083
84$4,742,168$1,488,082$997,207$3,489,634
85$5,176,324$1,511,453$981,069$3,758,574
86$5,653,203$1,534,408$962,829$4,053,274
87$6,177,114$1,556,879$942,368$4,376,350
88$6,752,804$1,578,790$919,561$4,730,684
89$7,385,501$1,600,061$894,278$5,119,454
90$8,080,966$1,620,609$866,380$5,546,163
91$8,845,546$1,640,340$835,726$6,014,674
92$9,686,234$1,659,159$802,165$6,529,244
93$10,610,733$1,676,961$765,540$7,094,566
94$11,627,530$1,693,634$725,688$7,715,815
95$12,745,978$1,709,062$682,438$8,398,695
96$13,976,379$1,723,117$635,611$9,149,494
97$15,330,086$1,735,666$585,020$9,975,142
98$16,819,606$1,746,566$530,470$10,883,281
99$18,458,722$1,755,664$471,757$11,882,333
100$20,262,619$1,762,798$408,668$12,981,582