Can I retire at age 66 with 901,000?

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 $901,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$74,404$73,741$73,094$72,463$71,847$70,861
2 years$36,834$36,148$35,483$34,838$34,213$33,221
3 years$24,312$23,623$22,960$22,321$21,706$20,740
4 years$18,052$17,365$16,709$16,081$15,481$14,547
5 years$14,297$13,615$12,967$12,352$11,768$10,870
6 years$11,795$11,117$10,479$9,878$9,312$8,450
7 years$10,008$9,336$8,708$8,121$7,573$6,748
8 years$8,669$8,003$7,385$6,813$6,283$5,494
9 years$7,628$6,968$6,361$5,803$5,291$4,538
10 years$6,795$6,142$5,546$5,002$4,508$3,791
11 years$6,114$5,468$4,882$4,353$3,877$3,195
12 years$5,548$4,908$4,333$3,818$3,360$2,712
13 years$5,068$4,435$3,871$3,371$2,930$2,316
14 years$4,658$4,031$3,478$2,993$2,568$1,987
15 years$4,302$3,683$3,140$2,669$2,261$1,711
16 years$3,992$3,379$2,847$2,390$1,999$1,479
17 years$3,718$3,112$2,591$2,147$1,772$1,282
18 years$3,475$2,875$2,365$1,935$1,576$1,113
19 years$3,258$2,665$2,165$1,748$1,404$969
20 years$3,062$2,476$1,987$1,583$1,254$845
21 years$2,886$2,307$1,828$1,437$1,123$738
22 years$2,726$2,153$1,685$1,307$1,006$646
23 years$2,579$2,014$1,555$1,190$903$565
24 years$2,446$1,887$1,438$1,085$812$495
25 years$2,323$1,771$1,332$991$731$435
26 years$2,210$1,664$1,236$906$658$382
27 years$2,105$1,566$1,147$830$593$335
28 years$2,008$1,476$1,067$760$535$295
29 years$1,918$1,392$993$697$483$259
30 years$1,834$1,315$925$640$437$228
31 years$1,756$1,243$862$587$395$201
32 years$1,682$1,176$804$540$357$177
33 years$1,614$1,114$751$496$323$156
34 years$1,549$1,056$702$457$293$137
35 years$1,488$1,001$656$421$265$121
36 years$1,431$950$614$387$240$106
37 years$1,377$903$574$357$218$94
38 years$1,326$858$538$329$197$83
39 years$1,278$816$504$303$179$73
40 years$1,232$776$472$280$162$64
41 years$1,188$739$443$258$147$57
42 years$1,147$704$415$238$134$50
43 years$1,108$670$390$220$121$44
44 years$1,071$639$366$203$110$39
45 years$1,035$609$344$187$100$34
46 years$1,001$581$323$173$91$30
47 years$969$555$303$160$82$27
48 years$938$530$285$148$75$24
49 years$908$506$268$137$68$21
50 years$880$483$252$126$62$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $901,000, adding $3,248 every year, while hoping to spend $55,244 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: 40/41/19 Blend
65$901,000$901,000$901,000$901,000
66$996,252$948,499$934,534$1,030,372
67$1,039,091$936,197$907,062$1,042,748
68$1,084,447$921,439$876,817$1,050,580
69$1,132,520$904,049$843,650$1,057,907
70$1,183,527$883,837$807,402$1,064,712
71$1,237,704$860,603$767,907$1,070,982
72$1,295,311$834,133$724,993$1,076,705
73$1,356,632$804,205$678,479$1,081,875
74$1,421,977$770,580$628,177$1,086,490
75$1,491,687$733,006$573,890$1,090,553
76$1,566,134$691,219$515,410$1,094,073
77$1,645,728$644,937$452,524$1,097,068
78$1,730,915$593,861$385,007$1,099,564
79$1,822,187$537,679$312,623$1,101,594
80$1,920,082$476,058$235,128$1,103,207
81$2,025,192$408,646$152,266$1,104,461
82$2,138,164$335,072$63,770$1,105,431
83$2,259,712$254,946$0$1,106,207
84$2,390,616$167,852$0$1,113,117
85$2,531,735$73,353$0$1,134,275
86$2,684,013$0$0$1,156,955
87$2,848,485$0$0$1,194,493
88$3,026,291$0$0$1,270,945
89$3,218,682$0$0$1,353,765
90$3,427,033$0$0$1,443,558
91$3,652,857$0$0$1,540,988
92$3,897,818$0$0$1,646,787
93$4,163,745$0$0$1,761,760
94$4,452,649$0$0$1,886,789
95$4,766,744$0$0$2,022,850
96$5,108,464$0$0$2,171,013
97$5,480,488$0$0$2,332,456
98$5,885,763$0$0$2,508,476
99$6,327,535$0$0$2,700,501
100$6,809,371$0$0$2,910,102