Can I retire at age 66 with 904,000?

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 $904,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13%
1 years$74,651$73,987$73,338$72,705$72,086$71,185
2 years$36,956$36,268$35,601$34,954$34,327$33,420
3 years$24,393$23,701$23,036$22,395$21,778$20,894
4 years$18,112$17,423$16,764$16,135$15,532$14,678
5 years$14,345$13,660$13,010$12,393$11,808$10,985
6 years$11,834$11,154$10,514$9,911$9,343$8,553
7 years$10,042$9,367$8,737$8,148$7,598$6,842
8 years$8,698$8,030$7,410$6,835$6,304$5,580
9 years$7,653$6,991$6,382$5,822$5,308$4,618
10 years$6,818$6,162$5,564$5,019$4,523$3,865
11 years$6,135$5,486$4,898$4,368$3,890$3,263
12 years$5,566$4,924$4,347$3,831$3,371$2,775
13 years$5,085$4,450$3,884$3,382$2,940$2,374
14 years$4,673$4,045$3,490$3,002$2,577$2,041
15 years$4,317$3,695$3,151$2,678$2,269$1,761
16 years$4,005$3,390$2,857$2,398$2,005$1,525
17 years$3,730$3,122$2,599$2,154$1,778$1,325
18 years$3,486$2,885$2,373$1,941$1,581$1,153
19 years$3,268$2,674$2,172$1,754$1,409$1,006
20 years$3,072$2,485$1,994$1,589$1,259$879
21 years$2,895$2,314$1,834$1,442$1,126$770
22 years$2,735$2,160$1,690$1,311$1,010$675
23 years$2,588$2,021$1,561$1,194$906$592
24 years$2,454$1,893$1,443$1,089$815$520
25 years$2,331$1,777$1,337$995$733$457
26 years$2,217$1,670$1,240$909$660$403
27 years$2,112$1,571$1,151$832$595$354
28 years$2,015$1,481$1,070$763$537$312
29 years$1,924$1,397$996$699$485$275
30 years$1,840$1,319$928$642$438$243
31 years$1,762$1,247$865$589$396$214
32 years$1,688$1,180$807$542$358$189
33 years$1,619$1,117$753$498$324$167
34 years$1,554$1,059$704$458$294$147
35 years$1,493$1,005$658$422$266$130
36 years$1,436$953$616$389$241$115
37 years$1,382$906$576$358$218$102
38 years$1,330$861$540$330$198$90
39 years$1,282$818$506$304$180$79
40 years$1,236$779$474$281$163$70
41 years$1,192$741$444$259$148$62
42 years$1,151$706$417$239$134$55
43 years$1,112$673$391$221$122$49
44 years$1,074$641$367$204$110$43
45 years$1,038$611$345$188$100$38
46 years$1,004$583$324$174$91$34
47 years$972$557$304$161$83$30
48 years$941$531$286$148$75$26
49 years$911$507$269$137$68$23
50 years$883$485$253$127$62$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $904,000, adding $6,660 every year, while hoping to spend $28,037 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: 38/43/19 Blend
65$904,000$904,000$904,000$904,000
66$1,003,078$955,166$941,154$1,035,250
67$1,075,561$972,138$942,851$1,076,022
68$1,154,497$989,002$943,666$1,116,906
69$1,240,515$1,005,723$943,539$1,160,509
70$1,334,308$1,022,263$942,407$1,207,090
71$1,436,636$1,038,583$940,207$1,256,939
72$1,548,338$1,054,638$936,869$1,310,372
73$1,670,336$1,070,383$932,321$1,367,742
74$1,803,647$1,085,768$926,490$1,429,436
75$1,949,387$1,100,739$919,296$1,495,884
76$2,108,788$1,115,239$910,656$1,567,558
77$2,283,206$1,129,207$900,485$1,644,983
78$2,474,134$1,142,579$888,691$1,728,737
79$2,683,214$1,155,284$875,181$1,819,457
80$2,912,257$1,167,248$859,855$1,917,848
81$3,163,256$1,178,392$842,609$2,024,690
82$3,438,407$1,188,632$823,335$2,140,842
83$3,740,126$1,197,877$801,919$2,267,254
84$4,071,078$1,206,032$778,242$2,404,974
85$4,434,194$1,212,994$752,179$2,555,161
86$4,832,707$1,218,655$723,602$2,719,093
87$5,270,173$1,222,899$692,373$2,898,180
88$5,750,514$1,225,604$658,350$3,093,983
89$6,278,047$1,226,640$621,386$3,308,221
90$6,857,530$1,225,867$581,324$3,542,793
91$7,494,202$1,223,139$538,003$3,799,795
92$8,193,836$1,218,298$491,252$4,081,541
93$8,962,793$1,211,181$440,894$4,390,586
94$9,808,079$1,201,609$386,745$4,729,746
95$10,737,413$1,189,398$328,611$5,102,135
96$11,759,300$1,174,349$266,290$5,511,182
97$12,883,110$1,156,253$199,572$5,960,678
98$14,119,165$1,134,888$128,235$6,454,801
99$15,478,840$1,110,018$52,052$6,998,163
100$16,974,667$1,081,394$0$7,595,854