Can I retire at age 66 with 1,640,000?

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 $1,640,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.2%
1 years$135,430$134,223$133,046$131,898$130,776$128,504
2 years$67,044$65,796$64,586$63,412$62,274$59,992
3 years$44,252$42,998$41,791$40,629$39,509$37,289
4 years$32,858$31,608$30,413$29,271$28,178$26,037
5 years$26,024$24,781$23,602$22,483$21,421$19,364
6 years$21,469$20,236$19,074$17,980$16,950$14,979
7 years$18,217$16,994$15,850$14,782$13,784$11,902
8 years$15,779$14,567$13,442$12,400$11,436$9,640
9 years$13,884$12,683$11,578$10,562$9,630$7,921
10 years$12,368$11,180$10,094$9,105$8,206$6,581
11 years$11,129$9,953$8,887$7,924$7,057$5,515
12 years$10,098$8,933$7,887$6,950$6,116$4,655
13 years$9,225$8,073$7,046$6,136$5,333$3,951
14 years$8,478$7,338$6,331$5,447$4,675$3,369
15 years$7,831$6,703$5,716$4,858$4,116$2,884
16 years$7,266$6,150$5,182$4,350$3,638$2,476
17 years$6,767$5,664$4,716$3,908$3,225$2,132
18 years$6,325$5,234$4,305$3,522$2,868$1,841
19 years$5,929$4,851$3,941$3,182$2,556$1,592
20 years$5,574$4,507$3,617$2,882$2,283$1,379
21 years$5,253$4,199$3,327$2,616$2,043$1,196
22 years$4,961$3,919$3,066$2,378$1,832$1,039
23 years$4,695$3,666$2,831$2,166$1,644$903
24 years$4,452$3,434$2,618$1,976$1,478$786
25 years$4,228$3,223$2,425$1,804$1,330$685
26 years$4,022$3,029$2,249$1,650$1,198$597
27 years$3,832$2,851$2,088$1,510$1,080$521
28 years$3,655$2,686$1,941$1,383$974$454
29 years$3,491$2,534$1,807$1,269$880$396
30 years$3,338$2,393$1,683$1,164$795$346
31 years$3,196$2,262$1,569$1,069$719$302
32 years$3,062$2,141$1,464$983$650$264
33 years$2,937$2,027$1,367$904$588$231
34 years$2,819$1,921$1,277$831$533$202
35 years$2,709$1,822$1,194$765$483$177
36 years$2,605$1,730$1,117$705$437$154
37 years$2,506$1,643$1,045$650$396$135
38 years$2,413$1,561$979$599$359$118
39 years$2,325$1,485$917$552$326$103
40 years$2,242$1,412$860$509$295$91
41 years$2,163$1,345$806$470$268$79
42 years$2,088$1,281$756$434$243$69
43 years$2,017$1,220$710$400$221$61
44 years$1,949$1,163$666$370$200$53
45 years$1,884$1,109$625$341$182$46
46 years$1,822$1,058$587$315$165$41
47 years$1,763$1,010$552$291$150$36
48 years$1,707$964$519$269$136$31
49 years$1,653$920$487$249$124$27
50 years$1,601$879$458$230$112$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $1,640,000, adding $3,275 every year, while hoping to spend $57,403 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: 46/33/21 Blend
65$1,640,000$1,640,000$1,640,000$1,640,000
66$1,810,658$1,723,738$1,698,318$1,882,923
67$1,934,269$1,747,125$1,694,135$1,957,292
68$2,068,564$1,769,734$1,687,889$2,031,974
69$2,214,573$1,791,466$1,679,448$2,111,819
70$2,373,428$1,812,216$1,668,678$2,197,335
71$2,546,374$1,831,871$1,655,435$2,289,083
72$2,734,783$1,850,312$1,639,571$2,387,684
73$2,940,163$1,867,409$1,620,929$2,493,826
74$3,164,174$1,883,027$1,599,345$2,608,266
75$3,408,644$1,897,020$1,574,647$2,731,844
76$3,675,584$1,909,232$1,546,656$2,865,487
77$3,967,209$1,919,500$1,515,185$3,010,219
78$4,285,956$1,927,647$1,480,035$3,167,174
79$4,634,510$1,933,487$1,441,002$3,337,603
80$5,015,824$1,936,823$1,397,870$3,522,888
81$5,433,153$1,937,442$1,350,414$3,724,557
82$5,890,080$1,935,122$1,298,398$3,944,298
83$6,390,549$1,929,624$1,241,576$4,183,976
84$6,938,907$1,920,698$1,179,690$4,445,649
85$7,539,937$1,908,074$1,112,471$4,731,593
86$8,198,911$1,891,469$1,039,639$5,044,320
87$8,921,631$1,870,582$960,898$5,386,605
88$9,714,492$1,845,095$875,943$5,761,512
89$10,584,534$1,814,669$784,451$6,172,423
90$11,539,514$1,778,945$686,088$6,623,074
91$12,587,976$1,737,545$580,503$7,117,588
92$13,739,331$1,690,066$467,331$7,660,519
93$15,003,947$1,636,084$346,191$8,256,892
94$16,393,245$1,575,147$216,683$8,912,255
95$17,919,806$1,506,779$78,393$9,632,730
96$19,597,491$1,430,477$0$10,425,076
97$21,441,572$1,345,706$0$11,312,254
98$23,468,870$1,251,904$0$12,306,743
99$25,697,921$1,148,473$0$13,400,150
100$28,149,144$1,034,784$0$14,602,606