Can I retire at age 66 with 1,720,000?

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 $1,720,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$142,036$140,771$139,536$138,332$137,155$134,828
2 years$70,315$69,005$67,736$66,506$65,312$62,974
3 years$46,411$45,096$43,830$42,611$41,437$39,161
4 years$34,461$33,150$31,897$30,699$29,553$27,358
5 years$27,293$25,990$24,753$23,580$22,466$20,357
6 years$22,516$21,223$20,004$18,857$17,776$15,756
7 years$19,106$17,823$16,624$15,503$14,457$12,526
8 years$16,549$15,278$14,098$13,005$11,993$10,152
9 years$14,561$13,302$12,143$11,078$10,100$8,346
10 years$12,972$11,725$10,586$9,549$8,606$6,939
11 years$11,672$10,438$9,320$8,310$7,401$5,819
12 years$10,590$9,369$8,271$7,289$6,414$4,914
13 years$9,675$8,466$7,390$6,435$5,593$4,173
14 years$8,892$7,696$6,640$5,713$4,903$3,561
15 years$8,213$7,030$5,995$5,095$4,317$3,050
16 years$7,620$6,450$5,435$4,562$3,815$2,621
17 years$7,098$5,940$4,946$4,099$3,383$2,259
18 years$6,633$5,489$4,515$3,694$3,008$1,951
19 years$6,219$5,087$4,133$3,338$2,681$1,689
20 years$5,846$4,727$3,793$3,023$2,395$1,464
21 years$5,509$4,403$3,489$2,743$2,143$1,271
22 years$5,203$4,110$3,216$2,494$1,921$1,105
23 years$4,924$3,844$2,969$2,272$1,724$961
24 years$4,669$3,602$2,746$2,072$1,550$837
25 years$4,434$3,380$2,543$1,892$1,395$730
26 years$4,218$3,177$2,359$1,730$1,256$637
27 years$4,019$2,990$2,190$1,584$1,133$556
28 years$3,834$2,817$2,036$1,451$1,022$485
29 years$3,661$2,658$1,895$1,331$923$424
30 years$3,501$2,510$1,765$1,221$834$371
31 years$3,352$2,373$1,645$1,121$754$324
32 years$3,212$2,245$1,535$1,031$682$283
33 years$3,080$2,126$1,433$948$617$248
34 years$2,957$2,015$1,339$872$559$217
35 years$2,841$1,911$1,252$803$506$190
36 years$2,732$1,814$1,171$739$459$166
37 years$2,629$1,723$1,096$681$416$145
38 years$2,531$1,637$1,027$628$377$127
39 years$2,439$1,557$962$579$342$112
40 years$2,352$1,481$902$534$310$98
41 years$2,269$1,410$845$493$281$86
42 years$2,190$1,343$793$455$255$75
43 years$2,115$1,280$744$420$232$66
44 years$2,044$1,220$699$388$210$58
45 years$1,976$1,163$656$358$191$50
46 years$1,911$1,110$616$331$173$44
47 years$1,849$1,059$579$305$157$39
48 years$1,790$1,011$544$282$143$34
49 years$1,733$965$511$261$130$30
50 years$1,679$922$481$241$118$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $1,720,000, adding $2,266 every year, while hoping to spend $40,067 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: 72/14/14 Blend
65$1,720,000$1,720,000$1,720,000$1,720,000
66$1,897,777$1,806,617$1,779,957$2,028,436
67$2,048,720$1,852,511$1,796,955$2,161,220
68$2,213,715$1,899,310$1,813,179$2,301,469
69$2,394,155$1,947,017$1,828,562$2,453,987
70$2,591,571$1,995,633$1,843,031$2,619,979
71$2,807,650$2,045,157$1,856,510$2,800,774
72$3,044,248$2,095,588$1,868,922$2,997,832
73$3,303,411$2,146,922$1,880,180$3,212,763
74$3,587,392$2,199,154$1,890,199$3,447,342
75$3,898,670$2,252,276$1,898,885$3,703,523
76$4,239,977$2,306,280$1,906,140$3,983,457
77$4,614,322$2,361,156$1,911,864$4,289,516
78$5,025,020$2,416,889$1,915,947$4,624,311
79$5,475,719$2,473,464$1,918,279$4,990,720
80$5,970,442$2,530,863$1,918,741$5,391,915
81$6,513,617$2,589,065$1,917,209$5,831,388
82$7,110,122$2,648,046$1,913,552$6,312,989
83$7,765,333$2,707,779$1,907,634$6,840,957
84$8,485,170$2,768,232$1,899,312$7,419,966
85$9,276,154$2,829,373$1,888,436$8,055,163
86$10,145,473$2,891,163$1,874,850$8,752,223
87$11,101,041$2,953,560$1,858,387$9,517,397
88$12,151,580$3,016,517$1,838,876$10,357,571
89$13,306,698$3,079,983$1,816,135$11,280,338
90$14,576,981$3,143,903$1,789,976$12,294,059
91$15,974,093$3,208,214$1,760,200$13,407,953
92$17,510,884$3,272,849$1,726,600$14,632,175
93$19,201,511$3,337,736$1,688,958$15,977,917
94$21,061,575$3,402,795$1,647,047$17,457,512
95$23,108,262$3,467,939$1,600,631$19,084,551
96$25,360,512$3,533,074$1,549,458$20,874,009
97$27,839,190$3,598,101$1,493,271$22,842,392
98$30,567,288$3,662,909$1,431,797$25,007,887
99$33,570,140$3,727,380$1,364,750$27,390,535
100$36,875,660$3,791,387$1,291,835$30,012,425