Can I retire at age 66 with 1,680,000?

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 $1,680,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$138,733$137,497$136,291$135,115$133,966$132,456
2 years$68,680$67,401$66,161$64,959$63,793$62,274
3 years$45,332$44,047$42,810$41,620$40,473$38,991
4 years$33,660$32,379$31,155$29,985$28,866$27,432
5 years$26,659$25,386$24,178$23,031$21,943$20,562
6 years$21,993$20,729$19,539$18,418$17,363$16,036
7 years$18,661$17,408$16,237$15,143$14,121$12,849
8 years$16,164$14,922$13,770$12,703$11,714$10,497
9 years$14,222$12,993$11,860$10,820$9,865$8,702
10 years$12,670$11,452$10,340$9,327$8,406$7,296
11 years$11,401$10,195$9,103$8,117$7,229$6,172
12 years$10,344$9,151$8,079$7,120$6,265$5,259
13 years$9,450$8,270$7,218$6,286$5,463$4,508
14 years$8,685$7,517$6,485$5,580$4,789$3,883
15 years$8,022$6,867$5,855$4,976$4,216$3,358
16 years$7,443$6,300$5,309$4,456$3,726$2,914
17 years$6,932$5,802$4,831$4,003$3,304$2,536
18 years$6,479$5,361$4,410$3,608$2,938$2,213
19 years$6,074$4,969$4,037$3,260$2,619$1,935
20 years$5,710$4,617$3,705$2,953$2,339$1,695
21 years$5,381$4,301$3,408$2,680$2,093$1,487
22 years$5,082$4,015$3,141$2,436$1,876$1,306
23 years$4,810$3,755$2,900$2,219$1,684$1,149
24 years$4,560$3,518$2,682$2,024$1,514$1,012
25 years$4,331$3,302$2,484$1,848$1,362$892
26 years$4,120$3,103$2,304$1,690$1,227$787
27 years$3,925$2,920$2,139$1,547$1,106$694
28 years$3,744$2,752$1,989$1,417$998$613
29 years$3,576$2,596$1,851$1,300$901$542
30 years$3,420$2,452$1,724$1,193$814$479
31 years$3,274$2,318$1,607$1,095$736$424
32 years$3,137$2,193$1,500$1,007$666$375
33 years$3,009$2,077$1,400$926$603$332
34 years$2,888$1,968$1,308$852$546$294
35 years$2,775$1,867$1,223$784$494$260
36 years$2,668$1,772$1,144$722$448$230
37 years$2,567$1,683$1,071$665$406$204
38 years$2,472$1,599$1,003$613$368$181
39 years$2,382$1,521$940$565$334$160
40 years$2,297$1,447$881$522$303$142
41 years$2,216$1,377$826$481$275$126
42 years$2,139$1,312$775$444$249$112
43 years$2,066$1,250$727$410$226$99
44 years$1,996$1,191$682$379$205$88
45 years$1,930$1,136$641$350$186$78
46 years$1,866$1,084$602$323$169$69
47 years$1,806$1,034$565$298$154$61
48 years$1,748$987$531$276$140$54
49 years$1,693$943$499$255$127$48
50 years$1,640$901$469$235$115$43

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $1,680,000, adding $6,111 every year, while hoping to spend $29,939 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: 67/27/6 Blend
65$1,680,000$1,680,000$1,680,000$1,680,000
66$1,857,663$1,768,623$1,742,583$1,980,045
67$2,015,290$1,823,431$1,769,105$2,116,785
68$2,187,992$1,879,921$1,795,512$2,262,018
69$2,377,273$1,938,144$1,821,768$2,419,977
70$2,584,794$1,998,152$1,847,836$2,591,900
71$2,812,381$2,059,999$1,873,677$2,779,148
72$3,062,046$2,123,741$1,899,247$2,983,219
73$3,336,005$2,189,434$1,924,502$3,205,764
74$3,636,698$2,257,138$1,949,394$3,448,599
75$3,966,816$2,326,912$1,973,873$3,713,723
76$4,329,320$2,398,820$1,997,887$4,003,337
77$4,727,473$2,472,924$2,021,378$4,319,865
78$5,164,869$2,549,291$2,044,288$4,665,977
79$5,645,468$2,627,989$2,066,554$5,044,610
80$6,173,633$2,709,087$2,088,110$5,459,003
81$6,754,168$2,792,657$2,108,887$5,912,719
82$7,392,369$2,878,773$2,128,811$6,409,684
83$8,094,069$2,967,511$2,147,804$6,954,222
84$8,865,694$3,058,949$2,165,785$7,551,094
85$9,714,325$3,153,168$2,182,669$8,205,547
86$10,647,762$3,250,249$2,198,365$8,923,357
87$11,674,602$3,350,279$2,212,777$9,710,890
88$12,804,313$3,453,344$2,225,807$10,575,156
89$14,047,330$3,559,535$2,237,349$11,523,878
90$15,415,149$3,668,944$2,247,292$12,565,564
91$16,920,438$3,781,667$2,255,520$13,709,587
92$18,577,155$3,897,800$2,261,912$14,966,273
93$20,400,677$4,017,445$2,266,339$16,346,996
94$22,407,952$4,140,706$2,268,667$17,864,290
95$24,617,651$4,267,688$2,268,754$19,531,964
96$27,050,347$4,398,500$2,266,454$21,365,228
97$29,728,712$4,533,256$2,261,609$23,380,845
98$32,677,726$4,672,071$2,254,058$25,597,280
99$35,924,915$4,815,063$2,243,630$28,034,882
100$39,500,610$4,962,355$2,230,145$30,716,068