Can I retire at age 66 with 1,560,000?

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 $1,560,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.4%
1 years$128,823$127,676$126,556$125,464$124,397$120,656
2 years$63,774$62,586$61,435$60,319$59,236$55,500
3 years$42,094$40,901$39,753$38,647$37,582$33,966
4 years$31,256$30,066$28,930$27,843$26,804$23,336
5 years$24,754$23,572$22,451$21,386$20,376$17,066
6 years$20,422$19,249$18,143$17,103$16,123$12,974
7 years$17,328$16,165$15,077$14,061$13,112$10,123
8 years$15,009$13,856$12,787$11,795$10,878$8,048
9 years$13,206$12,064$11,013$10,047$9,161$6,487
10 years$11,765$10,634$9,602$8,661$7,805$5,283
11 years$10,586$9,467$8,453$7,537$6,713$4,338
12 years$9,605$8,497$7,502$6,611$5,817$3,586
13 years$8,775$7,679$6,702$5,837$5,073$2,979
14 years$8,065$6,980$6,022$5,181$4,447$2,485
15 years$7,449$6,376$5,437$4,621$3,915$2,080
16 years$6,911$5,850$4,930$4,137$3,460$1,746
17 years$6,437$5,388$4,486$3,717$3,068$1,469
18 years$6,016$4,979$4,095$3,350$2,728$1,239
19 years$5,640$4,614$3,749$3,027$2,432$1,046
20 years$5,302$4,288$3,440$2,742$2,172$884
21 years$4,996$3,994$3,164$2,488$1,944$749
22 years$4,719$3,728$2,917$2,262$1,742$634
23 years$4,466$3,487$2,693$2,060$1,564$538
24 years$4,235$3,267$2,491$1,879$1,406$456
25 years$4,022$3,066$2,307$1,716$1,265$388
26 years$3,826$2,881$2,139$1,569$1,139$329
27 years$3,645$2,712$1,987$1,436$1,027$280
28 years$3,477$2,555$1,847$1,316$927$238
29 years$3,321$2,411$1,719$1,207$837$202
30 years$3,175$2,276$1,601$1,108$756$172
31 years$3,040$2,152$1,492$1,017$684$146
32 years$2,913$2,036$1,392$935$618$125
33 years$2,794$1,928$1,300$860$560$106
34 years$2,682$1,828$1,215$791$507$90
35 years$2,577$1,733$1,136$728$459$77
36 years$2,478$1,645$1,062$671$416$65
37 years$2,384$1,563$994$618$377$56
38 years$2,296$1,485$931$569$342$47
39 years$2,212$1,412$872$525$310$40
40 years$2,133$1,344$818$484$281$34
41 years$2,058$1,279$767$447$255$29
42 years$1,986$1,218$719$412$231$25
43 years$1,918$1,161$675$381$210$21
44 years$1,854$1,106$634$351$191$18
45 years$1,792$1,055$595$325$173$15
46 years$1,733$1,006$559$300$157$13
47 years$1,677$960$525$277$143$11
48 years$1,623$917$493$256$130$10
49 years$1,572$875$464$237$118$8
50 years$1,523$836$436$219$107$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $1,560,000, adding $2,037 every year, while hoping to spend $40,925 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: 83/8/9 Blend
65$1,560,000$1,560,000$1,560,000$1,560,000
66$1,721,221$1,638,541$1,614,361$1,861,806
67$1,853,242$1,675,286$1,624,898$1,990,804
68$1,997,357$1,712,459$1,634,417$2,126,751
69$2,154,757$1,750,039$1,642,840$2,274,786
70$2,326,753$1,788,002$1,650,085$2,436,097
71$2,514,786$1,826,319$1,656,068$2,611,993
72$2,720,446$1,864,960$1,660,698$2,803,918
73$2,945,482$1,903,894$1,663,882$3,013,460
74$3,191,820$1,943,083$1,665,520$3,242,367
75$3,461,579$1,982,488$1,665,509$3,492,567
76$3,757,096$2,022,066$1,663,739$3,766,183
77$4,080,943$2,061,770$1,660,098$4,065,552
78$4,435,952$2,101,549$1,654,463$4,393,249
79$4,825,242$2,141,348$1,646,711$4,752,113
80$5,252,250$2,181,107$1,636,709$5,145,269
81$5,720,760$2,220,762$1,624,319$5,576,159
82$6,234,940$2,260,242$1,609,397$6,048,579
83$6,799,383$2,299,472$1,591,790$6,566,706
84$7,419,145$2,338,372$1,571,341$7,135,147
85$8,099,800$2,376,855$1,547,883$7,758,975
86$8,847,485$2,414,825$1,521,242$8,443,781
87$9,668,961$2,452,184$1,491,236$9,195,722
88$10,571,676$2,488,823$1,457,674$10,021,587
89$11,563,838$2,524,626$1,420,357$10,928,852
90$12,654,487$2,559,470$1,379,076$11,925,758
91$13,853,583$2,593,223$1,333,613$13,021,383
92$15,172,099$2,625,741$1,283,740$14,225,732
93$16,622,126$2,656,875$1,229,218$15,549,827
94$18,216,983$2,686,462$1,169,797$17,005,817
95$19,971,347$2,714,330$1,105,217$18,607,085
96$21,901,387$2,740,295$1,035,204$20,368,382
97$24,024,919$2,764,161$959,475$22,305,960
98$26,361,574$2,785,718$877,731$24,437,729
99$28,932,981$2,804,744$789,660$26,783,425
100$31,762,970$2,821,002$694,939$29,364,795