Can I retire at age 66 with 900,000?

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 $900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.2%
1 years$74,321$73,659$73,013$72,383$71,767$69,387
2 years$36,793$36,107$35,443$34,799$34,175$31,800
3 years$24,285$23,597$22,934$22,296$21,682$19,386
4 years$18,032$17,346$16,690$16,063$15,464$13,266
5 years$14,281$13,599$12,952$12,338$11,755$9,661
6 years$11,782$11,105$10,467$9,867$9,302$7,312
7 years$9,997$9,326$8,698$8,112$7,565$5,680
8 years$8,659$7,994$7,377$6,805$6,276$4,494
9 years$7,619$6,960$6,354$5,796$5,285$3,604
10 years$6,787$6,135$5,539$4,997$4,503$2,921
11 years$6,108$5,462$4,877$4,348$3,873$2,386
12 years$5,541$4,902$4,328$3,814$3,356$1,962
13 years$5,063$4,430$3,867$3,367$2,927$1,621
14 years$4,653$4,027$3,474$2,989$2,565$1,345
15 years$4,298$3,679$3,137$2,666$2,259$1,119
16 years$3,987$3,375$2,844$2,387$1,996$934
17 years$3,714$3,108$2,588$2,145$1,770$781
18 years$3,471$2,872$2,362$1,933$1,574$655
19 years$3,254$2,662$2,163$1,746$1,403$550
20 years$3,059$2,474$1,985$1,582$1,253$462
21 years$2,883$2,304$1,826$1,436$1,121$389
22 years$2,722$2,151$1,683$1,305$1,005$327
23 years$2,577$2,012$1,554$1,189$902$276
24 years$2,443$1,885$1,437$1,084$811$233
25 years$2,320$1,769$1,331$990$730$196
26 years$2,207$1,662$1,234$905$657$166
27 years$2,103$1,564$1,146$829$593$140
28 years$2,006$1,474$1,065$759$535$118
29 years$1,916$1,391$991$696$483$100
30 years$1,832$1,313$924$639$436$84
31 years$1,754$1,242$861$587$394$71
32 years$1,680$1,175$803$539$357$60
33 years$1,612$1,113$750$496$323$51
34 years$1,547$1,054$701$456$292$43
35 years$1,487$1,000$655$420$265$36
36 years$1,429$949$613$387$240$31
37 years$1,375$902$574$356$217$26
38 years$1,324$857$537$329$197$22
39 years$1,276$815$503$303$179$19
40 years$1,230$775$472$279$162$16
41 years$1,187$738$442$258$147$13
42 years$1,146$703$415$238$133$11
43 years$1,107$670$389$220$121$10
44 years$1,069$638$366$203$110$8
45 years$1,034$609$343$187$100$7
46 years$1,000$581$322$173$91$6
47 years$968$554$303$160$82$5
48 years$937$529$285$148$75$4
49 years$907$505$267$136$68$3
50 years$879$482$251$126$62$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $900,000, adding $4,776 every year, while hoping to spend $31,638 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: 79/11/10 Blend
65$900,000$900,000$900,000$900,000
66$996,726$949,026$935,076$1,073,438
67$1,064,730$961,866$932,739$1,137,328
68$1,138,609$974,275$929,263$1,202,813
69$1,218,931$986,197$924,576$1,273,728
70$1,306,317$997,576$918,605$1,350,601
71$1,401,452$1,008,349$911,269$1,434,013
72$1,505,091$1,018,449$902,488$1,524,604
73$1,618,063$1,027,805$892,173$1,623,080
74$1,741,281$1,036,343$880,237$1,730,216
75$1,875,750$1,043,982$866,582$1,846,870
76$2,022,575$1,050,636$851,112$1,973,984
77$2,182,975$1,056,214$833,721$2,112,596
78$2,358,290$1,060,620$814,302$2,263,852
79$2,549,995$1,063,750$792,741$2,429,013
80$2,759,716$1,065,495$768,919$2,609,468
81$2,989,241$1,065,738$742,712$2,806,750
82$3,240,541$1,064,357$713,990$3,022,545
83$3,515,785$1,061,219$682,618$3,258,713
84$3,817,362$1,056,186$648,453$3,517,304
85$4,147,904$1,049,110$611,347$3,800,576
86$4,510,308$1,039,834$571,144$4,111,018
87$4,907,765$1,028,192$527,684$4,451,372
88$5,343,792$1,014,008$480,796$4,824,662
89$5,822,259$997,094$430,303$5,234,217
90$6,347,432$977,255$376,021$5,683,711
91$6,924,009$954,279$317,756$6,177,187
92$7,557,164$927,945$255,307$6,719,106
93$8,252,599$898,019$188,464$7,314,382
94$9,016,594$864,251$117,007$7,968,431
95$9,856,065$826,378$40,706$8,687,222
96$10,778,637$784,123$0$9,477,332
97$11,792,703$737,191$0$10,350,359
98$12,907,516$685,271$0$11,314,864
99$14,133,267$628,033$0$12,375,334
100$15,481,183$565,130$0$13,541,505