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%13.5%
1 years$74,899$74,232$73,581$72,946$72,325$71,274
2 years$37,079$36,388$35,719$35,070$34,441$33,384
3 years$24,474$23,780$23,113$22,470$21,851$20,821
4 years$18,172$17,481$16,820$16,188$15,584$14,589
5 years$14,393$13,705$13,053$12,434$11,847$10,890
6 years$11,873$11,191$10,549$9,944$9,374$8,456
7 years$10,075$9,398$8,766$8,175$7,624$6,745
8 years$8,726$8,056$7,434$6,858$6,324$5,486
9 years$7,678$7,014$6,403$5,841$5,326$4,526
10 years$6,840$6,183$5,582$5,035$4,538$3,777
11 years$6,155$5,504$4,915$4,382$3,903$3,179
12 years$5,584$4,940$4,362$3,844$3,382$2,695
13 years$5,102$4,465$3,897$3,394$2,949$2,298
14 years$4,689$4,058$3,501$3,012$2,585$1,969
15 years$4,331$3,707$3,161$2,687$2,276$1,693
16 years$4,018$3,401$2,866$2,406$2,012$1,461
17 years$3,743$3,132$2,608$2,161$1,784$1,265
18 years$3,498$2,895$2,381$1,948$1,586$1,097
19 years$3,279$2,683$2,180$1,760$1,414$954
20 years$3,083$2,493$2,000$1,594$1,263$830
21 years$2,905$2,322$1,840$1,447$1,130$724
22 years$2,744$2,167$1,696$1,315$1,013$632
23 years$2,597$2,027$1,566$1,198$909$553
24 years$2,462$1,899$1,448$1,093$817$484
25 years$2,338$1,782$1,341$998$735$424
26 years$2,224$1,675$1,244$912$662$371
27 years$2,119$1,577$1,155$835$597$326
28 years$2,022$1,486$1,074$765$539$286
29 years$1,931$1,401$999$702$487$251
30 years$1,846$1,324$931$644$440$220
31 years$1,767$1,251$868$591$398$194
32 years$1,694$1,184$810$544$360$170
33 years$1,624$1,121$756$500$325$150
34 years$1,559$1,063$706$460$295$132
35 years$1,498$1,008$660$423$267$116
36 years$1,441$957$618$390$242$102
37 years$1,386$909$578$359$219$90
38 years$1,335$863$541$331$199$79
39 years$1,286$821$507$305$180$69
40 years$1,240$781$475$282$163$61
41 years$1,196$744$446$260$148$54
42 years$1,155$708$418$240$135$47
43 years$1,115$675$392$221$122$42
44 years$1,078$643$368$204$111$37
45 years$1,042$613$346$189$101$32
46 years$1,008$585$325$174$91$28
47 years$975$558$305$161$83$25
48 years$944$533$287$149$75$22
49 years$914$509$270$138$68$19
50 years$886$486$253$127$62$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $907,000, adding $5,934 every year, while hoping to spend $37,759 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: 61/31/8 Blend
65$907,000$907,000$907,000$907,000
66$1,005,635$957,564$943,505$1,064,917
67$1,068,034$964,309$934,938$1,112,056
68$1,135,533$970,120$924,817$1,158,584
69$1,208,611$974,909$913,052$1,208,398
70$1,287,797$978,587$899,547$1,261,816
71$1,373,671$981,056$884,200$1,319,187
72$1,466,871$982,214$866,907$1,380,899
73$1,568,099$981,950$847,556$1,447,380
74$1,678,129$980,149$826,033$1,519,101
75$1,797,810$976,688$802,216$1,596,584
76$1,928,075$971,435$775,979$1,680,403
77$2,069,955$964,251$747,191$1,771,196
78$2,224,582$954,990$715,712$1,869,662
79$2,393,199$943,495$681,399$1,976,578
80$2,577,180$929,601$644,101$2,092,799
81$2,778,033$913,132$603,659$2,219,268
82$2,997,419$893,903$559,908$2,357,030
83$3,237,168$871,716$512,677$2,507,235
84$3,499,292$846,363$461,785$2,671,155
85$3,786,009$817,623$407,043$2,850,191
86$4,099,759$785,264$348,257$3,045,894
87$4,443,231$749,038$285,219$3,259,973
88$4,819,383$708,684$217,717$3,494,315
89$5,231,476$663,925$145,526$3,751,002
90$5,683,098$614,469$68,413$4,032,334
91$6,178,203$560,008$0$4,340,847
92$6,721,145$500,213$0$4,680,527
93$7,316,719$434,741$0$5,059,585
94$7,970,207$363,226$0$5,475,610
95$8,687,428$285,283$0$5,932,386
96$9,474,789$200,505$0$6,434,089
97$10,339,349$108,463$0$6,985,325
98$11,288,887$8,701$0$7,591,173
99$12,331,967$0$0$8,257,236
100$13,478,027$0$0$9,023,553