Can I retire at age 66 with 1,310,000?

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 $1,310,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$108,179$107,215$106,275$105,357$104,461$101,606
2 years$53,554$52,556$51,590$50,653$49,743$46,888
3 years$35,348$34,346$33,382$32,454$31,559$28,793
4 years$26,247$25,248$24,294$23,381$22,508$19,852
5 years$20,787$19,795$18,853$17,959$17,110$14,571
6 years$17,149$16,164$15,236$14,362$13,539$11,120
7 years$14,551$13,574$12,661$11,808$11,011$8,712
8 years$12,604$11,636$10,738$9,905$9,135$6,954
9 years$11,090$10,131$9,248$8,437$7,693$5,629
10 years$9,880$8,930$8,063$7,273$6,554$4,605
11 years$8,890$7,950$7,098$6,329$5,637$3,798
12 years$8,066$7,135$6,300$5,552$4,885$3,154
13 years$7,369$6,448$5,628$4,901$4,260$2,632
14 years$6,772$5,861$5,057$4,351$3,734$2,207
15 years$6,255$5,354$4,566$3,880$3,288$1,856
16 years$5,804$4,913$4,140$3,474$2,906$1,566
17 years$5,406$4,524$3,767$3,122$2,576$1,325
18 years$5,052$4,181$3,439$2,813$2,291$1,122
19 years$4,736$3,875$3,148$2,542$2,042$953
20 years$4,452$3,600$2,889$2,302$1,824$810
21 years$4,196$3,354$2,657$2,089$1,632$689
22 years$3,963$3,131$2,449$1,900$1,463$587
23 years$3,750$2,928$2,261$1,730$1,313$501
24 years$3,556$2,743$2,091$1,578$1,180$427
25 years$3,377$2,574$1,937$1,441$1,062$365
26 years$3,213$2,420$1,797$1,318$957$312
27 years$3,061$2,277$1,668$1,206$863$266
28 years$2,920$2,146$1,551$1,105$778$228
29 years$2,789$2,024$1,443$1,013$703$195
30 years$2,667$1,912$1,344$930$635$167
31 years$2,553$1,807$1,253$854$574$143
32 years$2,446$1,710$1,169$785$519$122
33 years$2,346$1,619$1,092$722$470$104
34 years$2,252$1,535$1,020$664$426$89
35 years$2,164$1,456$954$611$385$77
36 years$2,081$1,382$892$563$349$66
37 years$2,002$1,312$835$519$317$56
38 years$1,928$1,247$782$478$287$48
39 years$1,858$1,186$733$441$260$41
40 years$1,791$1,128$687$407$236$35
41 years$1,728$1,074$644$375$214$30
42 years$1,668$1,023$604$346$194$26
43 years$1,611$975$567$320$176$22
44 years$1,556$929$532$295$160$19
45 years$1,505$886$500$273$145$16
46 years$1,455$845$469$252$132$14
47 years$1,408$806$441$233$120$12
48 years$1,363$770$414$215$109$10
49 years$1,320$735$389$199$99$9
50 years$1,279$702$366$184$90$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $1,310,000, adding $3,430 every year, while hoping to spend $42,612 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: 50/45/5 Blend
65$1,310,000$1,310,000$1,310,000$1,310,000
66$1,447,158$1,377,728$1,357,423$1,517,621
67$1,549,429$1,399,898$1,357,558$1,588,097
68$1,660,704$1,421,726$1,356,269$1,659,754
69$1,781,856$1,443,150$1,353,464$1,736,587
70$1,913,845$1,464,105$1,349,045$1,819,090
71$2,057,730$1,484,519$1,342,911$1,907,807
72$2,214,675$1,504,316$1,334,955$2,003,338
73$2,385,960$1,523,416$1,325,064$2,106,346
74$2,572,996$1,541,732$1,313,122$2,217,560
75$2,777,335$1,559,170$1,299,005$2,337,786
76$3,000,686$1,575,632$1,282,585$2,467,912
77$3,244,932$1,591,014$1,263,726$2,608,918
78$3,512,142$1,605,201$1,242,289$2,761,886
79$3,804,600$1,618,075$1,218,124$2,928,009
80$4,124,816$1,629,507$1,191,078$3,108,602
81$4,475,557$1,639,362$1,160,989$3,305,117
82$4,859,868$1,647,496$1,127,687$3,519,156
83$5,281,105$1,653,754$1,090,995$3,752,485
84$5,742,963$1,657,973$1,050,728$4,007,055
85$6,249,510$1,659,978$1,006,692$4,285,014
86$6,805,229$1,659,586$958,686$4,588,736
87$7,415,057$1,656,601$906,496$4,920,838
88$8,084,432$1,650,813$849,903$5,284,205
89$8,819,344$1,642,003$788,675$5,682,024
90$9,626,391$1,629,935$722,569$6,117,805
91$10,512,843$1,614,362$651,335$6,595,425
92$11,486,706$1,595,019$574,708$7,119,158
93$12,556,802$1,571,627$492,413$7,693,718
94$13,732,849$1,543,890$404,163$8,324,306
95$15,025,554$1,511,495$309,656$9,016,657
96$16,446,711$1,474,108$208,580$9,777,097
97$18,009,315$1,431,380$100,607$10,612,605
98$19,727,684$1,382,936$0$11,530,875
99$21,617,591$1,328,383$0$12,541,175
100$23,696,416$1,267,304$0$13,657,864