Can I retire at age 66 with 1,690,000?

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 $1,690,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15%
1 years$139,559$138,316$137,103$135,919$134,763$131,988
2 years$69,088$67,802$66,555$65,346$64,173$61,390
3 years$45,601$44,309$43,065$41,868$40,714$38,010
4 years$33,860$32,572$31,341$30,163$29,037$26,433
5 years$26,817$25,537$24,322$23,168$22,074$19,576
6 years$22,124$20,853$19,655$18,528$17,466$15,078
7 years$18,772$17,512$16,334$15,233$14,205$11,926
8 years$16,260$15,011$13,852$12,778$11,784$9,615
9 years$14,307$13,070$11,931$10,884$9,924$7,863
10 years$12,745$11,520$10,402$9,382$8,456$6,501
11 years$11,469$10,256$9,157$8,166$7,272$5,421
12 years$10,405$9,205$8,127$7,162$6,302$4,551
13 years$9,507$8,319$7,261$6,323$5,495$3,842
14 years$8,737$7,562$6,524$5,613$4,817$3,259
15 years$8,070$6,908$5,890$5,006$4,241$2,774
16 years$7,487$6,338$5,340$4,482$3,749$2,369
17 years$6,974$5,837$4,860$4,027$3,324$2,028
18 years$6,518$5,393$4,436$3,629$2,955$1,740
19 years$6,110$4,999$4,061$3,279$2,634$1,496
20 years$5,744$4,645$3,727$2,970$2,353$1,288
21 years$5,413$4,327$3,428$2,696$2,106$1,111
22 years$5,112$4,039$3,160$2,451$1,887$959
23 years$4,838$3,777$2,917$2,232$1,694$829
24 years$4,587$3,539$2,698$2,036$1,523$717
25 years$4,357$3,321$2,499$1,859$1,370$620
26 years$4,145$3,121$2,318$1,700$1,234$537
27 years$3,949$2,938$2,152$1,556$1,113$465
28 years$3,767$2,768$2,001$1,426$1,004$404
29 years$3,598$2,611$1,862$1,307$907$350
30 years$3,440$2,466$1,734$1,200$819$304
31 years$3,293$2,331$1,617$1,102$741$263
32 years$3,156$2,206$1,508$1,013$670$229
33 years$3,027$2,089$1,408$931$606$199
34 years$2,905$1,980$1,316$857$549$172
35 years$2,791$1,878$1,230$789$497$150
36 years$2,684$1,782$1,151$726$451$130
37 years$2,583$1,693$1,077$669$408$113
38 years$2,487$1,609$1,009$617$370$98
39 years$2,396$1,530$945$569$336$85
40 years$2,310$1,456$886$525$304$74
41 years$2,229$1,386$831$484$276$64
42 years$2,152$1,320$779$447$251$56
43 years$2,078$1,257$731$412$227$49
44 years$2,008$1,198$686$381$206$42
45 years$1,941$1,143$644$352$187$37
46 years$1,878$1,090$605$325$170$32
47 years$1,817$1,040$569$300$155$28
48 years$1,759$993$534$277$140$24
49 years$1,703$948$502$256$127$21
50 years$1,650$906$472$237$116$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $1,690,000, adding $4,076 every year, while hoping to spend $54,657 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: 62/19/19 Blend
65$1,690,000$1,690,000$1,690,000$1,690,000
66$1,866,584$1,777,014$1,750,819$1,972,970
67$1,998,821$1,805,933$1,751,317$2,074,102
68$2,142,715$1,834,438$1,750,000$2,177,983
69$2,299,395$1,862,449$1,746,749$2,290,127
70$2,470,109$1,889,884$1,741,440$2,411,344
71$2,656,224$1,916,653$1,733,942$2,542,528
72$2,859,249$1,942,659$1,724,120$2,684,661
73$3,080,844$1,967,801$1,711,829$2,838,830
74$3,322,835$1,991,968$1,696,920$3,006,231
75$3,587,233$2,015,043$1,679,236$3,188,184
76$3,876,252$2,036,901$1,658,611$3,386,145
77$4,192,329$2,057,409$1,634,874$3,601,719
78$4,538,148$2,076,423$1,607,844$3,836,676
79$4,916,664$2,093,793$1,577,332$4,092,967
80$5,331,131$2,109,355$1,543,139$4,372,744
81$5,785,131$2,122,939$1,505,060$4,678,382
82$6,282,612$2,134,361$1,462,877$5,012,497
83$6,827,919$2,143,425$1,416,364$5,377,976
84$7,425,839$2,149,924$1,365,283$5,778,001
85$8,081,642$2,153,639$1,309,388$6,216,081
86$8,801,136$2,154,334$1,248,419$6,696,087
87$9,590,717$2,151,760$1,182,106$7,222,286
88$10,457,428$2,145,655$1,110,164$7,799,383
89$11,409,030$2,135,736$1,032,300$8,432,566
90$12,454,071$2,121,708$948,202$9,127,556
91$13,601,968$2,103,253$857,548$9,890,661
92$14,863,095$2,080,038$760,002$10,728,836
93$16,248,879$2,051,708$655,210$11,649,749
94$17,771,909$2,017,887$542,805$12,661,855
95$19,446,057$1,978,176$422,402$13,774,476
96$21,286,602$1,932,154$293,599$14,997,889
97$23,310,380$1,879,374$155,979$16,343,427
98$25,535,938$1,819,363$9,104$17,823,583
99$27,983,712$1,751,620$0$19,452,128
100$30,676,217$1,675,616$0$21,274,178