Can I retire at age 66 with 1,400,000?

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 $1,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$115,611$114,581$113,576$112,596$111,638$108,983
2 years$57,233$56,167$55,134$54,132$53,161$50,502
3 years$37,776$36,706$35,675$34,683$33,727$31,147
4 years$28,050$26,983$25,963$24,987$24,055$21,573
5 years$22,216$21,155$20,148$19,193$18,286$15,910
6 years$18,327$17,274$16,283$15,349$14,469$12,201
7 years$15,551$14,507$13,531$12,619$11,767$9,607
8 years$13,470$12,435$11,475$10,586$9,762$7,710
9 years$11,852$10,827$9,884$9,017$8,221$6,274
10 years$10,558$9,544$8,617$7,772$7,005$5,162
11 years$9,501$8,496$7,586$6,764$6,024$4,282
12 years$8,620$7,626$6,732$5,933$5,221$3,577
13 years$7,875$6,891$6,015$5,238$4,552$3,004
14 years$7,237$6,264$5,405$4,650$3,991$2,533
15 years$6,685$5,722$4,880$4,147$3,514$2,145
16 years$6,203$5,250$4,424$3,713$3,105$1,821
17 years$5,777$4,835$4,026$3,336$2,753$1,550
18 years$5,399$4,468$3,675$3,007$2,448$1,323
19 years$5,062$4,141$3,364$2,717$2,182$1,130
20 years$4,758$3,848$3,088$2,460$1,949$967
21 years$4,484$3,584$2,840$2,233$1,744$829
22 years$4,235$3,346$2,617$2,030$1,563$711
23 years$4,008$3,129$2,417$1,849$1,403$611
24 years$3,800$2,932$2,235$1,686$1,261$525
25 years$3,609$2,751$2,070$1,540$1,135$451
26 years$3,434$2,586$1,920$1,408$1,022$388
27 years$3,271$2,434$1,783$1,289$922$334
28 years$3,120$2,293$1,657$1,181$832$288
29 years$2,980$2,163$1,542$1,083$751$248
30 years$2,850$2,043$1,437$994$679$214
31 years$2,728$1,931$1,339$913$614$184
32 years$2,614$1,827$1,250$839$555$159
33 years$2,507$1,731$1,167$771$502$137
34 years$2,407$1,640$1,090$710$455$118
35 years$2,312$1,556$1,019$653$412$102
36 years$2,224$1,477$953$602$373$88
37 years$2,140$1,402$892$554$338$76
38 years$2,060$1,333$836$511$307$66
39 years$1,985$1,267$783$471$278$57
40 years$1,914$1,206$734$435$252$49
41 years$1,847$1,148$688$401$229$42
42 years$1,782$1,093$646$370$208$36
43 years$1,721$1,042$606$342$188$31
44 years$1,663$993$569$315$171$27
45 years$1,608$947$534$291$155$23
46 years$1,555$903$501$269$141$20
47 years$1,505$862$471$249$128$17
48 years$1,457$823$443$230$116$15
49 years$1,411$786$416$212$106$13
50 years$1,367$751$391$196$96$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $1,400,000, adding $6,953 every year, while hoping to spend $40,292 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: 40/39/21 Blend
65$1,400,000$1,400,000$1,400,000$1,400,000
66$1,549,972$1,475,772$1,454,072$1,602,085
67$1,665,199$1,505,214$1,459,913$1,669,540
68$1,790,828$1,534,749$1,464,599$1,738,108
69$1,927,879$1,564,338$1,468,050$1,811,467
70$2,077,472$1,593,940$1,470,179$1,890,077
71$2,240,842$1,623,511$1,470,897$1,974,443
72$2,419,346$1,653,001$1,470,111$2,065,124
73$2,614,481$1,682,360$1,467,721$2,162,737
74$2,827,893$1,711,530$1,463,625$2,267,963
75$3,061,395$1,740,453$1,457,713$2,381,552
76$3,316,984$1,769,061$1,449,873$2,504,334
77$3,596,857$1,797,286$1,439,985$2,637,223
78$3,903,437$1,825,053$1,427,924$2,781,229
79$4,239,388$1,852,281$1,413,560$2,937,465
80$4,607,646$1,878,884$1,396,755$3,107,161
81$5,011,446$1,904,769$1,377,367$3,291,673
82$5,454,349$1,929,838$1,355,244$3,492,499
83$5,940,278$1,953,985$1,330,230$3,711,290
84$6,473,553$1,977,098$1,302,159$3,949,869
85$7,058,934$1,999,055$1,270,861$4,210,248
86$7,701,665$2,019,727$1,236,153$4,494,647
87$8,407,519$2,038,979$1,197,849$4,805,513
88$9,182,860$2,056,662$1,155,751$5,145,549
89$10,034,695$2,072,622$1,109,652$5,517,735
90$10,970,745$2,086,692$1,059,337$5,925,361
91$11,999,517$2,098,696$1,004,581$6,372,055
92$13,130,381$2,108,445$945,147$6,861,820
93$14,373,661$2,115,740$880,791$7,399,071
94$15,740,731$2,120,368$811,254$7,988,679
95$17,244,122$2,122,102$736,267$8,636,017
96$18,897,641$2,120,704$655,551$9,347,013
97$20,716,499$2,115,917$568,810$10,128,204
98$22,717,457$2,107,472$475,740$10,986,801
99$24,918,980$2,095,081$376,020$11,930,757
100$27,341,416$2,078,439$269,316$12,968,844