Can I retire at age 66 with 1,550,000?

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 $1,550,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$127,998$126,857$125,745$124,659$123,599$121,402
2 years$63,365$62,185$61,041$59,932$58,857$56,650
3 years$41,824$40,639$39,498$38,399$37,341$35,195
4 years$31,055$29,874$28,744$27,664$26,632$24,562
5 years$24,596$23,421$22,307$21,249$20,245$18,257
6 years$20,291$19,125$18,027$16,993$16,019$14,116
7 years$17,217$16,061$14,981$13,971$13,028$11,209
8 years$14,913$13,768$12,705$11,720$10,808$9,074
9 years$13,122$11,987$10,943$9,983$9,102$7,452
10 years$11,690$10,566$9,540$8,605$7,755$6,187
11 years$10,519$9,406$8,399$7,489$6,670$5,182
12 years$9,543$8,443$7,454$6,569$5,780$4,370
13 years$8,719$7,630$6,659$5,799$5,040$3,707
14 years$8,013$6,935$5,984$5,148$4,418$3,159
15 years$7,402$6,335$5,402$4,591$3,890$2,702
16 years$6,867$5,813$4,898$4,111$3,438$2,319
17 years$6,396$5,353$4,457$3,694$3,048$1,995
18 years$5,978$4,947$4,069$3,329$2,711$1,721
19 years$5,604$4,584$3,725$3,008$2,416$1,487
20 years$5,268$4,260$3,418$2,724$2,158$1,287
21 years$4,964$3,968$3,144$2,472$1,931$1,116
22 years$4,689$3,704$2,898$2,248$1,731$969
23 years$4,437$3,464$2,676$2,047$1,554$842
24 years$4,207$3,246$2,475$1,867$1,397$732
25 years$3,996$3,046$2,292$1,705$1,257$637
26 years$3,801$2,863$2,126$1,559$1,132$555
27 years$3,621$2,694$1,974$1,427$1,021$483
28 years$3,455$2,539$1,835$1,308$921$421
29 years$3,300$2,395$1,708$1,199$832$368
30 years$3,155$2,262$1,591$1,100$751$321
31 years$3,020$2,138$1,483$1,011$679$280
32 years$2,894$2,023$1,383$929$615$244
33 years$2,776$1,916$1,292$854$556$213
34 years$2,665$1,816$1,207$786$504$186
35 years$2,560$1,722$1,128$723$456$163
36 years$2,462$1,635$1,056$666$413$142
37 years$2,369$1,553$988$614$374$124
38 years$2,281$1,476$925$566$340$109
39 years$2,198$1,403$867$522$308$95
40 years$2,119$1,335$813$481$279$83
41 years$2,044$1,271$762$444$253$73
42 years$1,973$1,210$715$410$230$64
43 years$1,906$1,153$671$378$209$56
44 years$1,842$1,099$629$349$189$49
45 years$1,780$1,048$591$323$172$43
46 years$1,722$1,000$555$298$156$37
47 years$1,666$954$522$275$142$33
48 years$1,613$911$490$254$129$28
49 years$1,562$870$461$235$117$25
50 years$1,513$831$433$217$106$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $1,550,000, adding $6,527 every year, while hoping to spend $56,328 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: 85/8/7 Blend
65$1,550,000$1,550,000$1,550,000$1,550,000
66$1,714,833$1,632,683$1,608,658$1,859,051
67$1,829,813$1,652,751$1,602,615$1,974,198
68$1,954,633$1,671,916$1,594,482$2,092,312
69$2,090,238$1,690,072$1,584,130$2,220,289
70$2,237,666$1,707,109$1,571,422$2,359,082
71$2,398,060$1,722,909$1,556,216$2,509,741
72$2,572,676$1,737,346$1,538,363$2,673,423
73$2,762,899$1,750,286$1,517,708$2,851,401
74$2,970,250$1,761,585$1,494,087$3,045,078
75$3,196,406$1,771,093$1,467,329$3,255,998
76$3,443,210$1,778,648$1,437,256$3,485,863
77$3,712,693$1,784,076$1,403,679$3,736,546
78$4,007,088$1,787,197$1,366,403$4,010,110
79$4,328,856$1,787,814$1,325,222$4,308,830
80$4,680,706$1,785,724$1,279,923$4,635,209
81$5,065,618$1,780,705$1,230,281$4,992,007
82$5,486,878$1,772,526$1,176,062$5,382,263
83$5,948,100$1,760,940$1,117,021$5,809,325
84$6,453,265$1,745,685$1,052,900$6,276,883
85$7,006,759$1,726,485$983,433$6,789,001
86$7,613,410$1,703,044$908,340$7,350,158
87$8,278,536$1,675,051$827,328$7,965,288
88$9,007,995$1,642,177$740,091$8,639,829
89$9,808,237$1,604,071$646,311$9,379,770
90$10,686,369$1,560,362$545,654$10,191,714
91$11,650,218$1,510,659$437,773$11,082,933
92$12,708,406$1,454,546$322,304$12,061,444
93$13,870,429$1,391,585$198,867$13,136,079
94$15,146,750$1,321,310$67,066$14,316,569
95$16,548,895$1,243,230$0$15,613,641
96$18,089,559$1,156,826$0$17,044,609
97$19,782,730$1,061,546$0$18,622,702
98$21,643,818$956,812$0$20,357,292
99$23,689,800$842,007$0$22,264,231
100$25,939,378$716,484$0$24,360,982