Can I retire at age 66 with 1,460,000?

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 $1,460,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$120,565$119,492$118,444$117,421$116,422$115,207
2 years$59,686$58,574$57,497$56,452$55,439$54,215
3 years$39,395$38,279$37,204$36,170$35,173$33,978
4 years$29,252$28,139$27,075$26,058$25,086$23,929
5 years$23,168$22,061$21,011$20,015$19,070$17,955
6 years$19,113$18,015$16,980$16,006$15,089$14,018
7 years$16,217$15,129$14,111$13,160$12,272$11,245
8 years$14,047$12,968$11,967$11,039$10,180$9,197
9 years$12,360$11,291$10,307$9,403$8,573$7,634
10 years$11,011$9,953$8,986$8,106$7,305$6,408
11 years$9,908$8,860$7,911$7,054$6,283$5,428
12 years$8,989$7,952$7,021$6,188$5,444$4,631
13 years$8,213$7,187$6,273$5,463$4,748$3,974
14 years$7,548$6,532$5,636$4,849$4,162$3,427
15 years$6,972$5,968$5,089$4,325$3,664$2,968
16 years$6,468$5,475$4,614$3,872$3,238$2,579
17 years$6,025$5,042$4,198$3,479$2,871$2,248
18 years$5,631$4,659$3,832$3,135$2,553$1,964
19 years$5,279$4,318$3,508$2,833$2,276$1,720
20 years$4,962$4,013$3,220$2,566$2,033$1,509
21 years$4,676$3,738$2,962$2,329$1,819$1,326
22 years$4,416$3,489$2,730$2,117$1,631$1,166
23 years$4,180$3,263$2,520$1,928$1,464$1,028
24 years$3,963$3,057$2,331$1,759$1,316$906
25 years$3,764$2,869$2,159$1,606$1,184$800
26 years$3,581$2,697$2,002$1,469$1,066$707
27 years$3,411$2,538$1,859$1,344$961$625
28 years$3,254$2,391$1,728$1,232$867$553
29 years$3,108$2,256$1,608$1,129$783$489
30 years$2,972$2,131$1,498$1,037$708$433
31 years$2,845$2,014$1,397$952$640$384
32 years$2,726$1,906$1,303$875$579$340
33 years$2,615$1,805$1,217$805$524$302
34 years$2,510$1,710$1,137$740$474$267
35 years$2,412$1,622$1,063$681$430$237
36 years$2,319$1,540$994$628$389$210
37 years$2,231$1,463$931$578$353$187
38 years$2,149$1,390$872$533$320$166
39 years$2,070$1,322$817$491$290$147
40 years$1,996$1,257$765$453$263$131
41 years$1,926$1,197$718$418$239$116
42 years$1,859$1,140$673$386$217$103
43 years$1,795$1,086$632$356$197$92
44 years$1,735$1,035$593$329$178$81
45 years$1,677$987$557$304$162$72
46 years$1,622$942$523$281$147$64
47 years$1,570$899$491$259$134$57
48 years$1,519$858$462$240$121$51
49 years$1,471$819$434$221$110$45
50 years$1,425$783$408$205$100$40

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $1,460,000, adding $3,272 every year, while hoping to spend $32,893 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: 51/25/24 Blend
65$1,460,000$1,460,000$1,460,000$1,460,000
66$1,612,295$1,534,915$1,512,285$1,683,537
67$1,741,751$1,575,128$1,527,949$1,773,499
68$1,883,310$1,616,209$1,543,035$1,867,653
69$2,038,170$1,658,166$1,557,489$1,969,358
70$2,207,652$1,701,005$1,571,254$2,079,345
71$2,393,213$1,744,734$1,584,271$2,198,417
72$2,596,452$1,789,358$1,596,475$2,327,462
73$2,819,134$1,834,880$1,607,802$2,467,455
74$3,063,202$1,881,306$1,618,179$2,619,471
75$3,330,795$1,928,636$1,627,535$2,784,696
76$3,624,270$1,976,873$1,635,791$2,964,434
77$3,946,222$2,026,016$1,642,866$3,160,126
78$4,299,510$2,076,064$1,648,675$3,373,355
79$4,687,282$2,127,014$1,653,128$3,605,869
80$5,113,007$2,178,860$1,656,131$3,859,593
81$5,580,507$2,231,597$1,657,584$4,136,647
82$6,093,990$2,285,217$1,657,384$4,439,370
83$6,658,093$2,339,708$1,655,422$4,770,337
84$7,277,923$2,395,058$1,651,584$5,132,389
85$7,959,108$2,451,253$1,645,749$5,528,653
86$8,707,848$2,508,275$1,637,792$5,962,580
87$9,530,971$2,566,104$1,627,581$6,437,968
88$10,436,004$2,624,716$1,614,978$6,959,008
89$11,431,235$2,684,086$1,599,839$7,530,315
90$12,525,798$2,744,184$1,582,011$8,156,978
91$13,729,758$2,804,977$1,561,336$8,844,605
92$15,054,200$2,866,428$1,537,648$9,599,375
93$16,511,342$2,928,496$1,510,773$10,428,103
94$18,114,643$2,991,137$1,480,528$11,338,294
95$19,878,934$3,054,299$1,446,723$12,338,224
96$21,820,555$3,117,930$1,409,158$13,437,014
97$23,957,512$3,181,969$1,367,625$14,644,714
98$26,309,642$3,246,350$1,321,905$15,972,405
99$28,898,807$3,311,003$1,271,770$17,432,296
100$31,749,093$3,375,849$1,216,982$19,037,844