Can I retire at age 66 with 902,000?

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 $902,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$74,486$73,823$73,176$72,544$71,927$70,910
2 years$36,874$36,188$35,522$34,877$34,251$33,229
3 years$24,339$23,649$22,985$22,346$21,730$20,734
4 years$18,072$17,385$16,727$16,099$15,498$14,536
5 years$14,313$13,630$12,981$12,366$11,781$10,856
6 years$11,808$11,130$10,491$9,889$9,322$8,435
7 years$10,019$9,347$8,718$8,130$7,581$6,732
8 years$8,678$8,012$7,393$6,820$6,290$5,478
9 years$7,636$6,976$6,368$5,809$5,297$4,522
10 years$6,803$6,149$5,552$5,008$4,513$3,776
11 years$6,121$5,474$4,888$4,358$3,881$3,180
12 years$5,554$4,913$4,338$3,823$3,364$2,698
13 years$5,074$4,440$3,875$3,375$2,933$2,302
14 years$4,663$4,036$3,482$2,996$2,571$1,973
15 years$4,307$3,687$3,144$2,672$2,264$1,698
16 years$3,996$3,383$2,850$2,392$2,001$1,467
17 years$3,722$3,115$2,594$2,149$1,774$1,270
18 years$3,479$2,879$2,368$1,937$1,577$1,103
19 years$3,261$2,668$2,168$1,750$1,406$959
20 years$3,066$2,479$1,989$1,585$1,256$836
21 years$2,889$2,309$1,830$1,439$1,124$730
22 years$2,729$2,156$1,686$1,308$1,007$638
23 years$2,582$2,016$1,557$1,191$904$558
24 years$2,448$1,889$1,440$1,087$813$489
25 years$2,325$1,773$1,334$992$731$428
26 years$2,212$1,666$1,237$907$659$376
27 years$2,107$1,568$1,149$830$594$330
28 years$2,010$1,477$1,068$761$536$290
29 years$1,920$1,394$994$698$484$254
30 years$1,836$1,316$926$640$437$224
31 years$1,758$1,244$863$588$395$197
32 years$1,684$1,177$805$541$358$173
33 years$1,615$1,115$752$497$324$152
34 years$1,551$1,057$702$457$293$134
35 years$1,490$1,002$657$421$265$118
36 years$1,433$951$614$388$240$104
37 years$1,379$904$575$357$218$91
38 years$1,327$859$538$329$198$81
39 years$1,279$817$504$304$179$71
40 years$1,233$777$473$280$163$63
41 years$1,190$740$443$258$147$55
42 years$1,148$704$416$238$134$49
43 years$1,109$671$390$220$121$43
44 years$1,072$640$366$203$110$38
45 years$1,036$610$344$188$100$33
46 years$1,002$582$323$173$91$29
47 years$970$555$304$160$82$26
48 years$939$530$285$148$75$23
49 years$909$506$268$137$68$20
50 years$881$484$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 $902,000, adding $3,317 every year, while hoping to spend $37,868 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: 35/36/29 Blend
65$902,000$902,000$902,000$902,000
66$997,425$949,619$935,638$1,023,530
67$1,058,872$955,860$926,691$1,049,661
68$1,125,316$961,136$916,175$1,074,210
69$1,197,229$965,362$903,997$1,099,975
70$1,275,126$968,445$890,061$1,127,093
71$1,359,576$970,286$874,265$1,155,714
72$1,451,203$970,780$856,503$1,186,008
73$1,550,694$969,817$836,664$1,218,165
74$1,658,804$967,277$814,632$1,252,397
75$1,776,365$963,036$790,285$1,288,941
76$1,904,290$956,961$763,495$1,328,061
77$2,043,586$948,910$734,131$1,370,052
78$2,195,359$938,735$702,052$1,415,243
79$2,360,828$926,275$667,113$1,464,000
80$2,541,333$911,363$629,162$1,516,731
81$2,738,351$893,822$588,040$1,573,891
82$2,953,505$873,461$543,582$1,635,986
83$3,188,584$850,082$495,613$1,703,577
84$3,445,556$823,472$443,953$1,777,291
85$3,726,589$793,409$388,411$1,857,821
86$4,034,069$759,654$328,791$1,945,940
87$4,370,625$721,958$264,886$2,042,505
88$4,739,149$680,054$196,480$2,148,466
89$5,142,828$633,663$123,349$2,264,881
90$5,585,172$582,487$45,256$2,392,920
91$6,070,044$526,214$0$2,533,882
92$6,601,702$464,512$0$2,700,990
93$7,184,833$397,031$0$2,899,768
94$7,824,601$323,400$0$3,118,048
95$8,526,693$243,230$0$3,357,875
96$9,297,374$156,106$0$3,621,510
97$10,143,545$61,594$0$3,911,448
98$11,072,807$0$0$4,230,447
99$12,093,534$0$0$4,597,702
100$13,214,951$0$0$5,028,129