Can I retire at age 66 with 1,620,000?

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 $1,620,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.9%
1 years$133,778$132,586$131,424$130,289$129,181$125,046
2 years$66,227$64,993$63,798$62,639$61,515$57,387
3 years$43,713$42,474$41,282$40,133$39,028$35,036
4 years$32,458$31,223$30,042$28,914$27,835$24,011
5 years$25,707$24,479$23,314$22,209$21,160$17,513
6 years$21,207$19,989$18,841$17,760$16,743$13,277
7 years$17,995$16,787$15,657$14,602$13,616$10,331
8 years$15,586$14,389$13,279$12,249$11,296$8,189
9 years$13,714$12,528$11,437$10,434$9,513$6,580
10 years$12,217$11,043$9,971$8,994$8,106$5,343
11 years$10,994$9,831$8,778$7,827$6,971$4,373
12 years$9,974$8,824$7,790$6,866$6,041$3,602
13 years$9,113$7,974$6,960$6,061$5,268$2,982
14 years$8,375$7,248$6,254$5,381$4,618$2,479
15 years$7,736$6,622$5,646$4,798$4,066$2,068
16 years$7,177$6,075$5,119$4,297$3,593$1,730
17 years$6,685$5,595$4,658$3,860$3,186$1,450
18 years$6,248$5,170$4,252$3,479$2,833$1,218
19 years$5,857$4,791$3,893$3,144$2,525$1,025
20 years$5,506$4,452$3,573$2,847$2,255$863
21 years$5,189$4,147$3,286$2,584$2,018$728
22 years$4,900$3,871$3,029$2,349$1,809$614
23 years$4,638$3,621$2,797$2,140$1,624$519
24 years$4,397$3,392$2,586$1,951$1,460$439
25 years$4,177$3,184$2,395$1,782$1,314$371
26 years$3,973$2,992$2,222$1,630$1,183$314
27 years$3,785$2,816$2,063$1,492$1,067$266
28 years$3,611$2,653$1,918$1,367$963$225
29 years$3,449$2,503$1,785$1,253$869$190
30 years$3,298$2,364$1,662$1,150$785$161
31 years$3,157$2,235$1,550$1,056$710$137
32 years$3,025$2,115$1,446$971$642$116
33 years$2,901$2,003$1,350$893$581$98
34 years$2,785$1,898$1,261$821$526$83
35 years$2,676$1,800$1,179$756$477$71
36 years$2,573$1,709$1,103$696$432$60
37 years$2,476$1,623$1,033$642$391$51
38 years$2,384$1,542$967$591$355$43
39 years$2,297$1,467$906$545$322$36
40 years$2,215$1,395$849$503$292$31
41 years$2,137$1,328$796$464$265$26
42 years$2,062$1,265$747$428$240$22
43 years$1,992$1,205$701$395$218$19
44 years$1,925$1,149$658$365$198$16
45 years$1,861$1,095$618$337$180$14
46 years$1,800$1,045$580$311$163$11
47 years$1,742$997$545$288$148$10
48 years$1,686$952$512$266$135$8
49 years$1,633$909$481$246$122$7
50 years$1,582$868$453$227$111$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $1,620,000, adding $2,525 every year, while hoping to spend $45,020 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: 57/32/11 Blend
65$1,620,000$1,620,000$1,620,000$1,620,000
66$1,787,845$1,701,985$1,676,875$1,884,772
67$1,922,304$1,737,481$1,685,149$1,986,002
68$2,068,969$1,773,208$1,692,192$2,091,039
69$2,229,038$1,809,129$1,697,914$2,204,413
70$2,403,828$1,845,204$1,702,222$2,326,930
71$2,594,790$1,881,392$1,705,019$2,459,475
72$2,803,523$1,917,644$1,706,201$2,603,025
73$3,031,785$1,953,911$1,705,661$2,758,654
74$3,281,512$1,990,137$1,703,286$2,927,549
75$3,554,836$2,026,264$1,698,956$3,111,015
76$3,854,105$2,062,227$1,692,547$3,310,491
77$4,181,905$2,097,957$1,683,929$3,527,564
78$4,541,084$2,133,381$1,672,964$3,763,983
79$4,934,776$2,168,419$1,659,510$4,021,673
80$5,366,435$2,202,983$1,643,416$4,302,758
81$5,839,866$2,236,984$1,624,525$4,609,579
82$6,359,257$2,270,321$1,602,671$4,944,717
83$6,929,224$2,302,889$1,577,683$5,311,013
84$7,554,849$2,334,575$1,549,380$5,711,604
85$8,241,731$2,365,256$1,517,571$6,149,943
86$8,996,038$2,394,804$1,482,060$6,629,840
87$9,824,564$2,423,080$1,442,640$7,155,491
88$10,734,795$2,449,936$1,399,093$7,731,525
89$11,734,975$2,475,214$1,351,194$8,363,042
90$12,834,188$2,498,745$1,298,704$9,055,665
91$14,042,441$2,520,350$1,241,377$9,815,591
92$15,370,760$2,539,837$1,178,954$10,649,653
93$16,831,292$2,557,003$1,111,162$11,565,380
94$18,437,418$2,571,630$1,037,721$12,571,075
95$20,203,883$2,583,488$958,332$13,675,888
96$22,146,931$2,592,332$872,689$14,889,905
97$24,284,461$2,597,900$780,468$16,224,246
98$26,636,194$2,599,914$681,331$17,691,165
99$29,223,857$2,598,081$574,927$19,304,174
100$32,071,391$2,592,088$460,887$21,078,163