Can I retire at age 66 with 1,710,000?

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 $1,710,000?

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$141,210$139,952$138,725$137,527$136,358$131,993
2 years$69,906$68,604$67,342$66,119$64,932$60,575
3 years$46,141$44,834$43,575$42,363$41,196$36,983
4 years$34,261$32,957$31,711$30,520$29,381$25,345
5 years$27,135$25,839$24,609$23,442$22,335$18,486
6 years$22,385$21,099$19,888$18,747$17,673$14,015
7 years$18,994$17,719$16,527$15,413$14,373$10,905
8 years$16,452$15,189$14,016$12,930$11,924$8,644
9 years$14,476$13,225$12,072$11,013$10,041$6,945
10 years$12,896$11,657$10,525$9,493$8,556$5,639
11 years$11,604$10,377$9,266$8,262$7,358$4,616
12 years$10,529$9,314$8,223$7,247$6,377$3,802
13 years$9,619$8,417$7,347$6,398$5,560$3,148
14 years$8,840$7,651$6,601$5,679$4,874$2,617
15 years$8,166$6,989$5,960$5,065$4,292$2,183
16 years$7,576$6,413$5,404$4,535$3,793$1,826
17 years$7,056$5,906$4,917$4,075$3,363$1,531
18 years$6,595$5,457$4,489$3,672$2,990$1,286
19 years$6,182$5,058$4,109$3,318$2,665$1,082
20 years$5,812$4,700$3,771$3,005$2,381$911
21 years$5,477$4,378$3,469$2,727$2,131$768
22 years$5,173$4,086$3,197$2,480$1,910$648
23 years$4,895$3,822$2,952$2,258$1,714$548
24 years$4,642$3,581$2,730$2,060$1,541$463
25 years$4,409$3,361$2,529$1,881$1,386$391
26 years$4,194$3,158$2,345$1,720$1,249$331
27 years$3,995$2,972$2,178$1,574$1,126$280
28 years$3,811$2,801$2,024$1,443$1,016$237
29 years$3,640$2,642$1,884$1,323$917$201
30 years$3,481$2,495$1,755$1,214$829$170
31 years$3,332$2,359$1,636$1,115$749$144
32 years$3,193$2,232$1,526$1,025$678$122
33 years$3,062$2,114$1,425$942$614$104
34 years$2,940$2,003$1,332$867$555$88
35 years$2,825$1,900$1,245$798$503$74
36 years$2,716$1,804$1,165$735$456$63
37 years$2,613$1,713$1,090$677$413$54
38 years$2,516$1,628$1,021$624$375$45
39 years$2,425$1,548$956$576$340$38
40 years$2,338$1,473$896$531$308$33
41 years$2,255$1,402$841$490$280$28
42 years$2,177$1,335$788$452$254$23
43 years$2,103$1,272$740$417$230$20
44 years$2,032$1,213$694$385$209$17
45 years$1,964$1,156$652$356$190$14
46 years$1,900$1,103$612$329$172$12
47 years$1,838$1,053$575$304$156$10
48 years$1,780$1,005$541$281$142$9
49 years$1,723$960$508$259$129$7
50 years$1,670$917$478$240$117$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $1,710,000, adding $4,890 every year, while hoping to spend $59,787 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: 89/6/5 Blend
65$1,710,000$1,710,000$1,710,000$1,710,000
66$1,889,464$1,798,834$1,772,329$2,057,471
67$2,018,576$1,823,364$1,768,089$2,191,976
68$2,158,855$1,847,092$1,761,703$2,330,913
69$2,311,374$1,869,916$1,753,037$2,481,687
70$2,477,319$1,891,726$1,741,948$2,645,445
71$2,657,990$1,912,406$1,728,288$2,823,450
72$2,854,822$1,931,830$1,711,903$3,017,090
73$3,069,390$1,949,867$1,692,628$3,227,897
74$3,303,431$1,966,374$1,670,294$3,457,555
75$3,558,855$1,981,199$1,644,723$3,707,919
76$3,837,763$1,994,183$1,615,726$3,981,030
77$4,142,472$2,005,155$1,583,109$4,279,140
78$4,475,528$2,013,931$1,546,667$4,604,724
79$4,839,737$2,020,319$1,506,186$4,960,513
80$5,238,188$2,024,113$1,461,442$5,349,510
81$5,674,283$2,025,094$1,412,199$5,775,026
82$6,151,766$2,023,030$1,358,214$6,240,707
83$6,674,761$2,017,673$1,299,229$6,750,569
84$7,247,811$2,008,763$1,234,978$7,309,038
85$7,875,916$1,996,022$1,165,178$7,920,987
86$8,564,587$1,979,154$1,089,539$8,591,785
87$9,319,890$1,957,847$1,007,753$9,327,348
88$10,148,507$1,931,771$919,502$10,134,193
89$11,057,801$1,900,573$824,451$11,019,501
90$12,055,878$1,863,883$722,251$11,991,183
91$13,151,669$1,821,305$612,539$13,057,954
92$14,355,013$1,772,423$494,933$14,229,418
93$15,676,747$1,716,794$369,036$15,516,157
94$17,128,810$1,653,952$234,433$16,929,828
95$18,724,354$1,583,401$90,692$18,483,279
96$20,477,869$1,504,618$0$20,190,665
97$22,405,316$1,417,048$0$22,070,927
98$24,524,282$1,320,108$0$24,143,287
99$26,854,141$1,213,176$0$26,421,865
100$29,416,241$1,095,598$0$28,927,557