Can I retire at age 66 with 1,730,000?

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 $1,730,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$142,862$141,589$140,348$139,136$137,953$137,198
2 years$70,724$69,406$68,130$66,892$65,692$64,931
3 years$46,681$45,358$44,085$42,859$41,678$40,933
4 years$34,662$33,343$32,082$30,877$29,725$29,003
5 years$27,452$26,141$24,897$23,717$22,596$21,899
6 years$22,647$21,346$20,121$18,966$17,880$17,208
7 years$19,217$17,927$16,720$15,593$14,541$13,895
8 years$16,645$15,366$14,180$13,081$12,063$11,443
9 years$14,646$13,379$12,213$11,142$10,159$9,564
10 years$13,047$11,793$10,648$9,604$8,656$8,087
11 years$11,740$10,499$9,374$8,359$7,444$6,900
12 years$10,652$9,423$8,319$7,332$6,451$5,932
13 years$9,732$8,516$7,433$6,473$5,626$5,130
14 years$8,943$7,741$6,678$5,746$4,931$4,460
15 years$8,261$7,071$6,030$5,124$4,342$3,893
16 years$7,665$6,488$5,467$4,588$3,837$3,411
17 years$7,139$5,975$4,975$4,123$3,402$2,998
18 years$6,672$5,521$4,541$3,715$3,025$2,641
19 years$6,255$5,117$4,157$3,357$2,697$2,333
20 years$5,880$4,755$3,815$3,040$2,409$2,065
21 years$5,541$4,429$3,509$2,759$2,155$1,830
22 years$5,233$4,134$3,234$2,509$1,932$1,625
23 years$4,953$3,867$2,986$2,285$1,734$1,445
24 years$4,696$3,623$2,762$2,084$1,559$1,286
25 years$4,460$3,400$2,558$1,903$1,403$1,146
26 years$4,243$3,195$2,372$1,740$1,264$1,022
27 years$4,042$3,007$2,203$1,593$1,139$912
28 years$3,856$2,834$2,048$1,459$1,028$814
29 years$3,683$2,673$1,906$1,338$928$728
30 years$3,522$2,525$1,775$1,228$839$651
31 years$3,371$2,387$1,655$1,128$758$582
32 years$3,230$2,258$1,544$1,037$686$521
33 years$3,098$2,139$1,442$953$621$467
34 years$2,974$2,027$1,347$877$562$418
35 years$2,858$1,922$1,259$807$509$375
36 years$2,748$1,825$1,178$744$461$336
37 years$2,644$1,733$1,103$685$418$301
38 years$2,546$1,647$1,033$632$379$270
39 years$2,453$1,566$968$582$344$242
40 years$2,365$1,490$907$537$312$217
41 years$2,282$1,418$850$496$283$195
42 years$2,203$1,351$798$457$257$175
43 years$2,127$1,287$748$422$233$157
44 years$2,055$1,227$703$390$211$141
45 years$1,987$1,170$660$360$192$126
46 years$1,922$1,116$620$333$174$113
47 years$1,860$1,065$582$307$158$102
48 years$1,800$1,017$547$284$144$91
49 years$1,743$971$514$262$130$82
50 years$1,689$927$483$242$119$74

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $1,730,000, adding $6,705 every year, while hoping to spend $55,326 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: 76/16/8 Blend
65$1,730,000$1,730,000$1,730,000$1,730,000
66$1,913,376$1,821,686$1,794,871$2,056,034
67$2,049,674$1,852,082$1,796,133$2,181,183
68$2,198,020$1,882,114$1,795,583$2,310,584
69$2,359,585$1,911,704$1,793,101$2,450,828
70$2,535,656$1,940,771$1,788,564$2,602,968
71$2,727,652$1,969,227$1,781,839$2,768,167
72$2,937,131$1,996,979$1,772,790$2,947,705
73$3,165,813$2,023,925$1,761,273$3,142,991
74$3,415,586$2,049,957$1,747,136$3,355,579
75$3,688,532$2,074,962$1,730,221$3,587,178
76$3,986,943$2,098,815$1,710,364$3,839,673
77$4,313,340$2,121,386$1,687,390$4,115,142
78$4,670,500$2,142,534$1,661,117$4,415,871
79$5,061,483$2,162,110$1,631,357$4,744,382
80$5,489,656$2,179,955$1,597,909$5,103,452
81$5,958,728$2,195,899$1,560,565$5,496,142
82$6,472,782$2,209,762$1,519,108$5,925,823
83$7,036,317$2,221,352$1,473,310$6,396,214
84$7,654,287$2,230,464$1,422,931$6,911,408
85$8,332,149$2,236,881$1,367,724$7,475,920
86$9,075,911$2,240,371$1,307,426$8,094,722
87$9,892,195$2,240,690$1,241,765$8,773,295
88$10,788,292$2,237,577$1,170,457$9,517,679
89$11,772,234$2,230,755$1,093,204$10,334,531
90$12,852,869$2,219,929$1,009,694$11,231,186
91$14,039,945$2,204,789$919,602$12,215,729
92$15,344,200$2,185,004$822,589$13,297,070
93$16,777,462$2,160,223$718,299$14,485,028
94$18,352,764$2,130,074$606,363$15,790,426
95$20,084,462$2,094,165$486,393$17,225,189
96$21,988,375$2,052,076$357,984$18,802,462
97$24,081,929$2,003,368$220,717$20,536,732
98$26,384,323$1,947,571$74,148$22,443,964
99$28,916,712$1,884,190$0$24,541,754
100$31,702,402$1,812,700$0$26,856,518