Can I retire at age 66 with 907,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%17.7%
1 years$74,899$74,232$73,581$72,946$72,325$70,066
2 years$37,079$36,388$35,719$35,070$34,441$32,185
3 years$24,474$23,780$23,113$22,470$21,851$19,669
4 years$18,172$17,481$16,820$16,188$15,584$13,493
5 years$14,393$13,705$13,053$12,434$11,847$9,852
6 years$11,873$11,191$10,549$9,944$9,374$7,477
7 years$10,075$9,398$8,766$8,175$7,624$5,825
8 years$8,726$8,056$7,434$6,858$6,324$4,622
9 years$7,678$7,014$6,403$5,841$5,326$3,719
10 years$6,840$6,183$5,582$5,035$4,538$3,023
11 years$6,155$5,504$4,915$4,382$3,903$2,478
12 years$5,584$4,940$4,362$3,844$3,382$2,044
13 years$5,102$4,465$3,897$3,394$2,949$1,694
14 years$4,689$4,058$3,501$3,012$2,585$1,411
15 years$4,331$3,707$3,161$2,687$2,276$1,178
16 years$4,018$3,401$2,866$2,406$2,012$987
17 years$3,743$3,132$2,608$2,161$1,784$829
18 years$3,498$2,895$2,381$1,948$1,586$697
19 years$3,279$2,683$2,180$1,760$1,414$587
20 years$3,083$2,493$2,000$1,594$1,263$495
21 years$2,905$2,322$1,840$1,447$1,130$418
22 years$2,744$2,167$1,696$1,315$1,013$354
23 years$2,597$2,027$1,566$1,198$909$299
24 years$2,462$1,899$1,448$1,093$817$253
25 years$2,338$1,782$1,341$998$735$215
26 years$2,224$1,675$1,244$912$662$182
27 years$2,119$1,577$1,155$835$597$154
28 years$2,022$1,486$1,074$765$539$131
29 years$1,931$1,401$999$702$487$111
30 years$1,846$1,324$931$644$440$94
31 years$1,767$1,251$868$591$398$80
32 years$1,694$1,184$810$544$360$68
33 years$1,624$1,121$756$500$325$58
34 years$1,559$1,063$706$460$295$49
35 years$1,498$1,008$660$423$267$41
36 years$1,441$957$618$390$242$35
37 years$1,386$909$578$359$219$30
38 years$1,335$863$541$331$199$25
39 years$1,286$821$507$305$180$22
40 years$1,240$781$475$282$163$18
41 years$1,196$744$446$260$148$16
42 years$1,155$708$418$240$135$13
43 years$1,115$675$392$221$122$11
44 years$1,078$643$368$204$111$10
45 years$1,042$613$346$189$101$8
46 years$1,008$585$325$174$91$7
47 years$975$558$305$161$83$6
48 years$944$533$287$149$75$5
49 years$914$509$270$138$68$4
50 years$886$486$253$127$62$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $907,000, adding $6,851 every year, while hoping to spend $30,001 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: 63/31/6 Blend
65$907,000$907,000$907,000$907,000
66$1,006,581$958,510$944,451$1,068,516
67$1,077,331$973,556$944,170$1,125,687
68$1,154,293$988,334$942,873$1,183,925
69$1,238,067$1,002,799$940,496$1,246,727
70$1,329,316$1,016,902$936,969$1,314,533
71$1,428,770$1,030,594$932,220$1,387,827
72$1,537,229$1,043,818$926,175$1,467,144
73$1,655,577$1,056,515$918,752$1,553,073
74$1,784,785$1,068,624$909,870$1,646,263
75$1,925,924$1,080,077$899,440$1,747,429
76$2,080,169$1,090,802$887,373$1,857,360
77$2,248,819$1,100,723$873,572$1,976,925
78$2,433,299$1,109,760$857,938$2,107,084
79$2,635,183$1,117,825$840,366$2,248,891
80$2,856,199$1,124,826$820,746$2,403,513
81$3,098,255$1,130,666$798,964$2,572,233
82$3,363,448$1,135,239$774,900$2,756,468
83$3,654,089$1,138,436$748,429$2,957,777
84$3,972,724$1,140,137$719,420$3,177,882
85$4,322,157$1,140,219$687,735$3,418,679
86$4,705,474$1,138,547$653,231$3,682,261
87$5,126,077$1,134,981$615,760$3,970,933
88$5,587,712$1,129,370$575,163$4,287,238
89$6,094,505$1,121,555$531,277$4,633,979
90$6,651,002$1,111,369$483,932$5,014,246
91$7,262,210$1,098,631$432,949$5,431,446
92$7,933,643$1,083,152$378,141$5,889,336
93$8,671,380$1,064,732$319,314$6,392,057
94$9,482,114$1,043,157$256,264$6,944,175
95$10,373,220$1,018,202$188,779$7,550,724
96$11,352,822$989,628$116,637$8,217,252
97$12,429,873$957,182$39,607$8,949,878
98$13,614,232$920,596$0$9,755,348
99$14,916,767$879,588$0$10,643,823
100$16,349,447$833,858$0$11,623,657