Can I retire at age 66 with 907,000?

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 $907,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.3%
1 years$74,899$74,232$73,581$72,946$72,325$70,750
2 years$37,079$36,388$35,719$35,070$34,441$32,861
3 years$24,474$23,780$23,113$22,470$21,851$20,316
4 years$18,172$17,481$16,820$16,188$15,584$14,107
5 years$14,393$13,705$13,053$12,434$11,847$10,431
6 years$11,873$11,191$10,549$9,944$9,374$8,021
7 years$10,075$9,398$8,766$8,175$7,624$6,334
8 years$8,726$8,056$7,434$6,858$6,324$5,098
9 years$7,678$7,014$6,403$5,841$5,326$4,161
10 years$6,840$6,183$5,582$5,035$4,538$3,434
11 years$6,155$5,504$4,915$4,382$3,903$2,858
12 years$5,584$4,940$4,362$3,844$3,382$2,395
13 years$5,102$4,465$3,897$3,394$2,949$2,018
14 years$4,689$4,058$3,501$3,012$2,585$1,708
15 years$4,331$3,707$3,161$2,687$2,276$1,451
16 years$4,018$3,401$2,866$2,406$2,012$1,236
17 years$3,743$3,132$2,608$2,161$1,784$1,056
18 years$3,498$2,895$2,381$1,948$1,586$904
19 years$3,279$2,683$2,180$1,760$1,414$776
20 years$3,083$2,493$2,000$1,594$1,263$666
21 years$2,905$2,322$1,840$1,447$1,130$573
22 years$2,744$2,167$1,696$1,315$1,013$494
23 years$2,597$2,027$1,566$1,198$909$426
24 years$2,462$1,899$1,448$1,093$817$367
25 years$2,338$1,782$1,341$998$735$317
26 years$2,224$1,675$1,244$912$662$274
27 years$2,119$1,577$1,155$835$597$237
28 years$2,022$1,486$1,074$765$539$205
29 years$1,931$1,401$999$702$487$177
30 years$1,846$1,324$931$644$440$153
31 years$1,767$1,251$868$591$398$133
32 years$1,694$1,184$810$544$360$115
33 years$1,624$1,121$756$500$325$100
34 years$1,559$1,063$706$460$295$86
35 years$1,498$1,008$660$423$267$75
36 years$1,441$957$618$390$242$65
37 years$1,386$909$578$359$219$56
38 years$1,335$863$541$331$199$49
39 years$1,286$821$507$305$180$42
40 years$1,240$781$475$282$163$37
41 years$1,196$744$446$260$148$32
42 years$1,155$708$418$240$135$27
43 years$1,115$675$392$221$122$24
44 years$1,078$643$368$204$111$21
45 years$1,042$613$346$189$101$18
46 years$1,008$585$325$174$91$16
47 years$975$558$305$161$83$13
48 years$944$533$287$149$75$12
49 years$914$509$270$138$68$10
50 years$886$486$253$127$62$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $907,000, adding $4,602 every year, while hoping to spend $46,528 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: 48/34/18 Blend
65$907,000$907,000$907,000$907,000
66$1,004,261$956,190$942,131$1,047,173
67$1,057,190$953,538$924,187$1,074,774
68$1,113,959$949,196$904,083$1,099,625
69$1,174,909$943,034$881,696$1,125,618
70$1,240,417$934,910$856,900$1,152,878
71$1,310,896$924,676$829,563$1,181,545
72$1,386,798$912,176$799,543$1,211,778
73$1,468,620$897,242$766,698$1,243,753
74$1,556,911$879,698$730,873$1,277,668
75$1,652,269$859,357$691,911$1,313,745
76$1,755,356$836,020$649,645$1,352,231
77$1,866,896$809,479$603,902$1,393,403
78$1,987,686$779,510$554,500$1,437,570
79$2,118,604$745,880$501,249$1,485,076
80$2,260,613$708,339$443,952$1,536,307
81$2,414,773$666,625$382,402$1,591,691
82$2,582,250$620,460$316,382$1,651,705
83$2,764,326$569,549$245,668$1,716,881
84$2,962,413$513,583$170,023$1,787,811
85$3,178,062$452,232$89,203$1,865,154
86$3,412,983$385,150$2,949$1,949,642
87$3,669,054$311,969$0$2,042,088
88$3,948,345$232,303$0$2,160,509
89$4,253,133$145,742$0$2,290,515
90$4,585,923$51,855$0$2,432,709
91$4,949,476$0$0$2,588,388
92$5,346,829$0$0$2,777,625
93$5,781,326$0$0$3,005,861
94$6,256,648$0$0$3,255,643
95$6,776,851$0$0$3,529,112
96$7,346,398$0$0$3,828,629
97$7,970,206$0$0$4,156,793
98$8,653,688$0$0$4,516,465
99$9,402,807$0$0$4,910,798
100$10,224,129$0$0$5,343,262