Can I retire at age 66 with 1,440,000?

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 $1,440,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.2%
1 years$118,914$117,855$116,821$115,813$114,828$112,832
2 years$58,868$57,772$56,709$55,679$54,680$52,676
3 years$38,856$37,755$36,695$35,674$34,691$32,741
4 years$28,851$27,754$26,704$25,701$24,742$22,861
5 years$22,850$21,759$20,724$19,741$18,808$17,002
6 years$18,851$17,768$16,748$15,787$14,883$13,153
7 years$15,995$14,922$13,917$12,979$12,103$10,450
8 years$13,855$12,791$11,803$10,888$10,041$8,465
9 years$12,191$11,136$10,166$9,274$8,456$6,955
10 years$10,860$9,816$8,863$7,994$7,205$5,778
11 years$9,772$8,739$7,803$6,958$6,196$4,843
12 years$8,866$7,843$6,925$6,103$5,370$4,087
13 years$8,100$7,088$6,187$5,388$4,683$3,469
14 years$7,444$6,443$5,559$4,783$4,105$2,958
15 years$6,876$5,886$5,019$4,265$3,614$2,532
16 years$6,380$5,400$4,550$3,819$3,194$2,174
17 years$5,942$4,973$4,141$3,431$2,832$1,872
18 years$5,554$4,596$3,780$3,092$2,518$1,616
19 years$5,206$4,259$3,460$2,794$2,245$1,398
20 years$4,894$3,958$3,176$2,531$2,005$1,211
21 years$4,612$3,687$2,921$2,297$1,794$1,050
22 years$4,356$3,441$2,692$2,088$1,608$912
23 years$4,123$3,218$2,486$1,902$1,444$793
24 years$3,909$3,016$2,299$1,735$1,298$690
25 years$3,713$2,830$2,129$1,584$1,168$601
26 years$3,532$2,660$1,975$1,448$1,052$524
27 years$3,364$2,503$1,834$1,326$948$457
28 years$3,209$2,359$1,705$1,215$856$399
29 years$3,065$2,225$1,586$1,114$773$348
30 years$2,931$2,101$1,478$1,022$698$304
31 years$2,806$1,986$1,378$939$631$266
32 years$2,689$1,880$1,285$863$571$232
33 years$2,579$1,780$1,200$794$517$203
34 years$2,476$1,687$1,121$730$468$177
35 years$2,379$1,600$1,048$672$424$155
36 years$2,287$1,519$981$619$384$136
37 years$2,201$1,442$918$570$348$119
38 years$2,119$1,371$860$526$315$104
39 years$2,042$1,304$805$485$286$91
40 years$1,969$1,240$755$447$259$79
41 years$1,899$1,181$708$412$235$70
42 years$1,833$1,124$664$381$214$61
43 years$1,771$1,071$623$351$194$53
44 years$1,711$1,021$585$324$176$47
45 years$1,654$974$549$300$160$41
46 years$1,600$929$516$277$145$36
47 years$1,548$886$485$256$132$31
48 years$1,499$846$455$236$120$27
49 years$1,451$808$428$218$109$24
50 years$1,406$772$402$202$99$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $1,440,000, adding $6,333 every year, while hoping to spend $34,045 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: 53/41/6 Blend
65$1,440,000$1,440,000$1,440,000$1,440,000
66$1,593,412$1,517,092$1,494,772$1,675,328
67$1,719,717$1,555,206$1,508,624$1,769,605
68$1,857,763$1,594,047$1,521,798$1,867,841
69$2,008,714$1,633,614$1,534,237$1,973,883
70$2,173,847$1,673,905$1,545,878$2,088,474
71$2,354,571$1,714,918$1,556,657$2,212,431
72$2,552,438$1,756,649$1,566,505$2,346,655
73$2,769,154$1,799,093$1,575,351$2,492,135
74$3,006,601$1,842,242$1,583,118$2,649,962
75$3,266,850$1,886,087$1,589,728$2,821,339
76$3,552,182$1,930,619$1,595,098$3,007,586
77$3,865,109$1,975,824$1,599,138$3,210,163
78$4,208,400$2,021,689$1,601,758$3,430,671
79$4,585,100$2,068,195$1,602,861$3,670,880
80$4,998,569$2,115,325$1,602,345$3,932,735
81$5,452,504$2,163,057$1,600,105$4,218,380
82$5,950,979$2,211,366$1,596,028$4,530,178
83$6,498,481$2,260,226$1,589,997$4,870,730
84$7,099,954$2,309,605$1,581,890$5,242,904
85$7,760,844$2,359,470$1,571,578$5,649,858
86$8,487,151$2,409,785$1,558,927$6,095,072
87$9,285,485$2,460,509$1,543,795$6,582,381
88$10,163,126$2,511,596$1,526,035$7,116,009
89$11,128,099$2,562,998$1,505,490$7,700,611
90$12,189,241$2,614,661$1,482,001$8,341,317
91$13,356,292$2,666,527$1,455,395$9,043,779
92$14,639,979$2,718,533$1,425,497$9,814,225
93$16,052,125$2,770,609$1,392,119$10,659,519
94$17,605,754$2,822,681$1,355,067$11,587,225
95$19,315,217$2,874,669$1,314,138$12,605,676
96$21,196,326$2,926,484$1,269,119$13,724,058
97$23,266,504$2,978,034$1,219,787$14,952,491
98$25,544,946$3,029,217$1,165,908$16,302,131
99$28,052,805$3,079,923$1,107,241$17,785,269
100$30,813,388$3,130,036$1,043,530$19,415,451