Can I retire at age 66 with 1,010,000?

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 $1,010,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$83,405$82,662$81,937$81,230$80,539$79,042
2 years$41,290$40,521$39,775$39,053$38,352$36,849
3 years$27,253$26,481$25,737$25,021$24,332$22,871
4 years$20,236$19,466$18,730$18,027$17,354$15,945
5 years$16,027$15,262$14,535$13,846$13,192$11,840
6 years$13,222$12,462$11,747$11,073$10,438$9,144
7 years$11,219$10,466$9,762$9,104$8,489$7,253
8 years$9,717$8,971$8,279$7,637$7,043$5,865
9 years$8,550$7,811$7,130$6,505$5,931$4,810
10 years$7,617$6,885$6,216$5,607$5,053$3,989
11 years$6,854$6,129$5,473$4,880$4,346$3,337
12 years$6,219$5,501$4,857$4,280$3,766$2,811
13 years$5,681$4,972$4,339$3,779$3,284$2,381
14 years$5,221$4,519$3,899$3,355$2,879$2,026
15 years$4,823$4,128$3,520$2,992$2,535$1,731
16 years$4,475$3,788$3,192$2,679$2,240$1,483
17 years$4,168$3,488$2,904$2,407$1,986$1,274
18 years$3,895$3,223$2,651$2,169$1,766$1,098
19 years$3,652$2,987$2,427$1,960$1,574$947
20 years$3,433$2,776$2,227$1,775$1,406$819
21 years$3,235$2,586$2,049$1,611$1,258$709
22 years$3,055$2,414$1,888$1,465$1,128$614
23 years$2,891$2,257$1,743$1,334$1,013$533
24 years$2,742$2,115$1,612$1,217$910$462
25 years$2,604$1,985$1,493$1,111$819$402
26 years$2,477$1,865$1,385$1,016$738$349
27 years$2,360$1,756$1,286$930$665$304
28 years$2,251$1,654$1,196$852$600$265
29 years$2,150$1,561$1,113$781$542$230
30 years$2,056$1,474$1,036$717$490$201
31 years$1,968$1,393$966$659$443$175
32 years$1,886$1,318$901$605$400$152
33 years$1,809$1,248$842$557$362$133
34 years$1,736$1,183$786$512$328$116
35 years$1,668$1,122$735$471$297$101
36 years$1,604$1,065$688$434$269$88
37 years$1,544$1,012$644$400$244$77
38 years$1,486$962$603$369$221$67
39 years$1,432$914$565$340$201$59
40 years$1,381$870$529$314$182$51
41 years$1,332$828$496$289$165$45
42 years$1,286$789$466$267$150$39
43 years$1,242$751$437$246$136$34
44 years$1,200$716$410$228$123$30
45 years$1,160$683$385$210$112$26
46 years$1,122$652$362$194$102$23
47 years$1,086$622$340$179$92$20
48 years$1,051$594$319$166$84$17
49 years$1,018$567$300$153$76$15
50 years$986$541$282$142$69$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $1,010,000, adding $3,514 every year, while hoping to spend $27,818 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: 36/44/20 Blend
65$1,010,000$1,010,000$1,010,000$1,010,000
66$1,116,645$1,063,115$1,047,460$1,149,961
67$1,200,944$1,085,609$1,052,951$1,197,081
68$1,292,910$1,108,274$1,057,695$1,245,067
69$1,393,295$1,131,087$1,061,635$1,296,299
70$1,502,927$1,154,026$1,064,716$1,351,081
71$1,622,718$1,177,066$1,066,877$1,409,752
72$1,753,672$1,200,179$1,068,054$1,472,684
73$1,896,895$1,223,336$1,068,182$1,540,289
74$2,053,604$1,246,505$1,067,192$1,613,020
75$2,225,138$1,269,650$1,065,009$1,691,379
76$2,412,974$1,292,735$1,061,559$1,775,917
77$2,618,737$1,315,719$1,056,761$1,867,244
78$2,844,216$1,338,557$1,050,531$1,966,032
79$3,091,383$1,361,203$1,042,780$2,073,024
80$3,362,408$1,383,606$1,033,417$2,189,038
81$3,659,682$1,405,712$1,022,345$2,314,977
82$3,985,839$1,427,461$1,009,463$2,451,840
83$4,343,780$1,448,791$994,665$2,600,725
84$4,736,699$1,469,635$977,840$2,762,846
85$5,168,116$1,489,921$958,871$2,939,543
86$5,641,908$1,509,572$937,638$3,132,293
87$6,162,346$1,528,505$914,013$3,342,725
88$6,734,136$1,546,632$887,862$3,572,640
89$7,362,460$1,563,858$859,047$3,824,020
90$8,053,028$1,580,085$827,423$4,099,054
91$8,812,131$1,595,203$792,836$4,400,159
92$9,646,700$1,609,100$755,128$4,729,996
93$10,564,371$1,621,654$714,132$5,091,507
94$11,573,557$1,632,734$669,675$5,487,931
95$12,683,525$1,642,203$621,574$5,922,846
96$13,904,488$1,649,915$569,640$6,400,195
97$15,247,697$1,655,712$513,675$6,924,330
98$16,725,550$1,659,430$453,471$7,500,049
99$18,351,705$1,660,891$388,811$8,132,645
100$20,141,212$1,659,908$319,470$8,827,956