Can I retire at age 66 with 1,470,000?

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 $1,470,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.9%
1 years$121,391$120,310$119,255$118,225$117,220$115,325
2 years$60,095$58,975$57,891$56,839$55,819$53,916
3 years$39,665$38,541$37,459$36,417$35,414$33,561
4 years$29,452$28,332$27,261$26,237$25,257$23,469
5 years$23,326$22,212$21,155$20,152$19,200$17,481
6 years$19,244$18,138$17,097$16,116$15,193$13,545
7 years$16,329$15,232$14,207$13,250$12,356$10,781
8 years$14,143$13,057$12,049$11,115$10,250$8,747
9 years$12,444$11,368$10,378$9,467$8,632$7,200
10 years$11,086$10,021$9,048$8,161$7,355$5,993
11 years$9,976$8,921$7,965$7,103$6,326$5,032
12 years$9,051$8,007$7,069$6,230$5,482$4,255
13 years$8,269$7,236$6,316$5,500$4,780$3,618
14 years$7,599$6,577$5,675$4,882$4,190$3,092
15 years$7,020$6,008$5,124$4,354$3,689$2,652
16 years$6,513$5,513$4,645$3,899$3,261$2,282
17 years$6,066$5,077$4,227$3,503$2,891$1,970
18 years$5,669$4,691$3,859$3,157$2,571$1,704
19 years$5,315$4,348$3,532$2,852$2,291$1,477
20 years$4,996$4,040$3,242$2,583$2,047$1,282
21 years$4,708$3,763$2,982$2,345$1,831$1,115
22 years$4,447$3,513$2,748$2,132$1,642$970
23 years$4,208$3,286$2,538$1,942$1,474$846
24 years$3,990$3,078$2,347$1,771$1,325$738
25 years$3,790$2,889$2,174$1,617$1,192$644
26 years$3,605$2,715$2,016$1,479$1,074$563
27 years$3,435$2,555$1,872$1,353$968$492
28 years$3,276$2,408$1,740$1,240$873$430
29 years$3,129$2,271$1,619$1,137$789$377
30 years$2,992$2,145$1,508$1,044$713$330
31 years$2,864$2,028$1,406$958$644$289
32 years$2,745$1,919$1,312$881$583$253
33 years$2,633$1,817$1,225$810$527$222
34 years$2,527$1,722$1,145$745$478$194
35 years$2,428$1,633$1,070$686$433$170
36 years$2,335$1,550$1,001$632$392$149
37 years$2,247$1,473$937$582$355$131
38 years$2,163$1,399$877$537$322$115
39 years$2,084$1,331$822$495$292$101
40 years$2,010$1,266$771$456$265$88
41 years$1,939$1,205$723$421$240$78
42 years$1,872$1,148$678$389$218$68
43 years$1,808$1,094$636$359$198$60
44 years$1,747$1,042$597$331$180$52
45 years$1,689$994$561$306$163$46
46 years$1,633$948$526$283$148$40
47 years$1,580$905$495$261$134$35
48 years$1,530$864$465$241$122$31
49 years$1,481$825$437$223$111$27
50 years$1,435$788$411$206$101$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $1,470,000, adding $5,930 every year, while hoping to spend $31,883 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: 31/45/24 Blend
65$1,470,000$1,470,000$1,470,000$1,470,000
66$1,626,057$1,548,147$1,525,362$1,664,269
67$1,757,991$1,590,083$1,542,538$1,735,868
68$1,902,315$1,633,005$1,559,221$1,809,637
69$2,060,257$1,676,928$1,575,361$1,888,399
70$2,233,172$1,721,867$1,590,905$1,972,609
71$2,422,551$1,767,834$1,605,796$2,062,770
72$2,630,038$1,814,844$1,619,977$2,159,435
73$2,857,441$1,862,910$1,633,385$2,263,212
74$3,106,751$1,912,045$1,645,955$2,374,772
75$3,380,163$1,962,259$1,657,618$2,494,854
76$3,680,094$2,013,564$1,668,302$2,624,270
77$4,009,206$2,065,970$1,677,932$2,763,915
78$4,370,429$2,119,487$1,686,427$2,914,776
79$4,766,994$2,174,123$1,693,704$3,077,939
80$5,202,459$2,229,886$1,699,674$3,254,602
81$5,680,742$2,286,783$1,704,245$3,446,083
82$6,206,160$2,344,817$1,707,320$3,653,836
83$6,783,469$2,403,994$1,708,796$3,879,462
84$7,417,908$2,464,315$1,708,566$4,124,725
85$8,115,250$2,525,782$1,706,518$4,391,570
86$8,881,853$2,588,393$1,702,534$4,682,140
87$9,724,723$2,652,146$1,696,490$4,998,795
88$10,651,580$2,717,035$1,688,257$5,344,140
89$11,670,925$2,783,055$1,677,699$5,721,041
90$12,792,131$2,850,195$1,664,672$6,132,660
91$14,025,518$2,918,445$1,649,029$6,582,481
92$15,382,461$2,987,789$1,630,612$7,074,345
93$16,875,493$3,058,211$1,609,258$7,612,483
94$18,518,420$3,129,690$1,584,795$8,201,562
95$20,326,457$3,202,203$1,557,043$8,846,722
96$22,316,367$3,275,723$1,525,816$9,553,631
97$24,506,621$3,350,218$1,490,916$10,328,537
98$26,917,572$3,425,654$1,452,137$11,178,324
99$29,571,645$3,501,992$1,409,264$12,110,582
100$32,493,551$3,579,187$1,362,072$13,133,676