Can I retire at age 66 with 1,590,000?

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 $1,590,000?

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$131,301$130,131$128,990$127,876$126,789$125,465
2 years$65,000$63,790$62,617$61,479$60,376$59,042
3 years$42,903$41,687$40,517$39,390$38,305$37,003
4 years$31,857$30,645$29,486$28,378$27,319$26,060
5 years$25,231$24,026$22,882$21,797$20,768$19,554
6 years$20,815$19,619$18,492$17,432$16,433$15,267
7 years$17,662$16,476$15,367$14,331$13,364$12,246
8 years$15,298$14,123$13,033$12,022$11,087$10,016
9 years$13,460$12,296$11,225$10,240$9,337$8,313
10 years$11,991$10,839$9,786$8,827$7,955$6,979
11 years$10,790$9,649$8,616$7,682$6,842$5,911
12 years$9,790$8,661$7,646$6,738$5,929$5,043
13 years$8,944$7,827$6,831$5,949$5,170$4,328
14 years$8,220$7,114$6,138$5,281$4,532$3,733
15 years$7,593$6,499$5,542$4,710$3,991$3,232
16 years$7,044$5,963$5,024$4,217$3,527$2,809
17 years$6,561$5,491$4,572$3,789$3,127$2,448
18 years$6,132$5,074$4,174$3,415$2,781$2,139
19 years$5,749$4,703$3,821$3,085$2,478$1,873
20 years$5,404$4,370$3,507$2,794$2,214$1,643
21 years$5,092$4,071$3,225$2,536$1,981$1,444
22 years$4,810$3,800$2,973$2,306$1,776$1,270
23 years$4,552$3,554$2,745$2,100$1,594$1,119
24 years$4,316$3,330$2,538$1,915$1,433$987
25 years$4,099$3,125$2,351$1,749$1,289$871
26 years$3,900$2,937$2,180$1,599$1,161$770
27 years$3,715$2,764$2,025$1,464$1,047$680
28 years$3,544$2,604$1,882$1,341$945$602
29 years$3,385$2,457$1,752$1,230$853$533
30 years$3,237$2,320$1,632$1,129$771$472
31 years$3,098$2,193$1,521$1,037$697$418
32 years$2,969$2,075$1,419$953$630$370
33 years$2,847$1,965$1,325$876$570$328
34 years$2,734$1,863$1,238$806$517$291
35 years$2,626$1,767$1,158$742$468$258
36 years$2,525$1,677$1,083$683$424$229
37 years$2,430$1,593$1,014$630$384$203
38 years$2,340$1,514$949$580$348$181
39 years$2,255$1,439$889$535$316$160
40 years$2,174$1,369$833$494$286$142
41 years$2,097$1,304$782$455$260$126
42 years$2,024$1,241$733$420$236$112
43 years$1,955$1,183$688$388$214$100
44 years$1,889$1,128$646$358$194$89
45 years$1,826$1,075$606$331$176$79
46 years$1,766$1,026$569$306$160$70
47 years$1,709$979$535$282$145$62
48 years$1,655$934$503$261$132$55
49 years$1,602$892$473$241$120$49
50 years$1,552$852$444$223$109$44

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $1,590,000, adding $3,732 every year, while hoping to spend $49,867 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: 62/33/5 Blend
65$1,590,000$1,590,000$1,590,000$1,590,000
66$1,756,030$1,671,760$1,647,115$1,863,305
67$1,882,086$1,700,618$1,649,235$1,964,146
68$2,019,330$1,729,219$1,649,755$2,067,979
69$2,168,848$1,757,497$1,648,568$2,180,004
70$2,331,839$1,785,382$1,645,563$2,301,008
71$2,509,620$1,812,800$1,640,624$2,431,860
72$2,703,644$1,839,669$1,633,627$2,573,517
73$2,915,506$1,865,903$1,624,443$2,727,035
74$3,146,964$1,891,410$1,612,939$2,893,575
75$3,399,955$1,916,089$1,598,973$3,074,419
76$3,676,609$1,939,836$1,582,397$3,270,977
77$3,979,272$1,962,537$1,563,057$3,484,807
78$4,310,528$1,984,072$1,540,789$3,717,623
79$4,673,221$2,004,310$1,515,425$3,971,315
80$5,070,484$2,023,116$1,486,786$4,247,968
81$5,505,766$2,040,342$1,454,686$4,549,877
82$5,982,868$2,055,831$1,418,931$4,879,575
83$6,505,972$2,069,419$1,379,317$5,239,853
84$7,079,687$2,080,927$1,335,631$5,633,788
85$7,709,090$2,090,167$1,287,649$6,064,770
86$8,399,771$2,096,939$1,235,139$6,536,538
87$9,157,889$2,101,030$1,177,857$7,053,215
88$9,990,227$2,102,214$1,115,549$7,619,344
89$10,904,258$2,100,250$1,047,948$8,239,933
90$11,908,213$2,094,883$974,775$8,920,505
91$13,011,161$2,085,843$895,740$9,667,146
92$14,223,092$2,072,841$810,539$10,486,567
93$15,555,010$2,055,573$718,855$11,386,166
94$17,019,041$2,033,716$620,357$12,374,097
95$18,628,541$2,006,926$514,697$13,459,352
96$20,398,228$1,974,841$401,515$14,651,840
97$22,344,314$1,937,075$280,433$15,962,486
98$24,484,663$1,893,221$151,056$17,403,336
99$26,838,957$1,842,847$12,975$18,987,664
100$29,428,879$1,785,496$0$20,730,108