Can I retire at age 66 with 1,660,000?

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 $1,660,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.8%
1 years$137,081$135,860$134,669$133,506$132,371$129,751
2 years$67,862$66,598$65,373$64,186$63,034$60,406
3 years$44,792$43,523$42,301$41,124$39,991$37,436
4 years$33,259$31,994$30,784$29,628$28,522$26,060
5 years$26,341$25,083$23,890$22,757$21,682$19,320
6 years$21,731$20,483$19,306$18,199$17,156$14,897
7 years$18,439$17,201$16,044$14,962$13,953$11,797
8 years$15,971$14,745$13,606$12,552$11,575$9,522
9 years$14,053$12,838$11,719$10,691$9,748$7,796
10 years$12,519$11,316$10,217$9,216$8,306$6,453
11 years$11,265$10,074$8,995$8,021$7,143$5,388
12 years$10,221$9,042$7,983$7,035$6,190$4,529
13 years$9,338$8,171$7,132$6,211$5,398$3,829
14 years$8,582$7,427$6,408$5,513$4,732$3,252
15 years$7,927$6,785$5,786$4,917$4,166$2,772
16 years$7,354$6,225$5,246$4,403$3,682$2,371
17 years$6,850$5,733$4,773$3,956$3,265$2,033
18 years$6,402$5,298$4,357$3,565$2,903$1,747
19 years$6,002$4,910$3,989$3,221$2,587$1,504
20 years$5,642$4,562$3,661$2,917$2,311$1,297
21 years$5,317$4,250$3,367$2,648$2,068$1,120
22 years$5,021$3,967$3,104$2,407$1,854$968
23 years$4,752$3,710$2,866$2,192$1,664$838
24 years$4,506$3,476$2,650$2,000$1,496$726
25 years$4,280$3,262$2,455$1,826$1,346$629
26 years$4,071$3,066$2,276$1,670$1,212$546
27 years$3,878$2,885$2,114$1,528$1,093$474
28 years$3,700$2,719$1,965$1,400$986$411
29 years$3,534$2,565$1,829$1,284$891$357
30 years$3,379$2,422$1,703$1,179$805$311
31 years$3,235$2,290$1,588$1,082$728$270
32 years$3,099$2,167$1,482$995$658$235
33 years$2,973$2,052$1,383$915$596$204
34 years$2,854$1,945$1,293$842$539$178
35 years$2,742$1,845$1,208$775$488$154
36 years$2,636$1,751$1,131$714$443$134
37 years$2,537$1,663$1,058$657$401$117
38 years$2,443$1,580$991$606$364$102
39 years$2,354$1,503$928$559$330$89
40 years$2,269$1,430$870$515$299$77
41 years$2,189$1,361$816$475$271$67
42 years$2,113$1,296$765$439$246$58
43 years$2,041$1,235$718$405$223$51
44 years$1,972$1,177$674$374$203$44
45 years$1,907$1,123$633$345$184$39
46 years$1,844$1,071$595$319$167$34
47 years$1,785$1,022$559$295$152$29
48 years$1,727$976$525$272$138$26
49 years$1,673$932$493$252$125$22
50 years$1,621$890$464$233$114$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $1,660,000, adding $4,696 every year, while hoping to spend $27,314 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: 60/17/23 Blend
65$1,660,000$1,660,000$1,660,000$1,660,000
66$1,834,164$1,746,184$1,720,454$1,932,733
67$1,992,187$1,802,685$1,749,027$2,056,704
68$2,165,412$1,861,039$1,777,642$2,188,520
69$2,355,363$1,921,309$1,806,272$2,331,741
70$2,563,714$1,983,557$1,834,886$2,487,481
71$2,792,313$2,047,851$1,863,454$2,656,964
72$3,043,192$2,114,259$1,891,943$2,841,540
73$3,318,592$2,182,852$1,920,318$3,042,694
74$3,620,980$2,253,703$1,948,540$3,262,061
75$3,953,074$2,326,889$1,976,570$3,501,444
76$4,317,868$2,402,487$2,004,366$3,762,825
77$4,718,662$2,480,580$2,031,883$4,048,391
78$5,159,088$2,561,251$2,059,074$4,360,546
79$5,643,149$2,644,587$2,085,888$4,701,942
80$6,175,257$2,730,678$2,112,271$5,075,498
81$6,760,270$2,819,618$2,138,169$5,484,431
82$7,403,541$2,911,503$2,163,521$5,932,283
83$8,110,967$3,006,432$2,188,265$6,422,957
84$8,889,048$3,104,509$2,212,333$6,960,751
85$9,744,942$3,205,841$2,235,658$7,550,403
86$10,686,537$3,310,538$2,258,163$8,197,129
87$11,722,525$3,418,715$2,279,773$8,906,680
88$12,862,481$3,530,491$2,300,404$9,685,387
89$14,116,957$3,645,988$2,319,970$10,540,230
90$15,497,578$3,765,333$2,338,380$11,478,896
91$17,017,154$3,888,658$2,355,540$12,509,855
92$18,689,800$4,016,098$2,371,346$13,642,441
93$20,531,068$4,147,795$2,385,695$14,886,938
94$22,558,095$4,283,896$2,398,474$16,254,675
95$24,789,764$4,424,550$2,409,566$17,758,137
96$27,246,882$4,569,914$2,418,848$19,411,081
97$29,952,375$4,720,151$2,426,191$21,228,664
98$32,931,508$4,875,429$2,431,459$23,227,589
99$36,212,117$5,035,921$2,434,508$25,426,258
100$39,824,879$5,201,807$2,435,190$27,844,952