Can I retire at age 66 with 908,000?

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 $908,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.8%
1 years$74,982$74,314$73,662$73,026$72,405$70,116
2 years$37,120$36,428$35,758$35,109$34,479$32,193
3 years$24,501$23,806$23,138$22,495$21,875$19,664
4 years$18,192$17,500$16,839$16,206$15,601$13,483
5 years$14,408$13,720$13,067$12,448$11,860$9,839
6 years$11,887$11,204$10,560$9,955$9,384$7,463
7 years$10,086$9,409$8,776$8,184$7,632$5,811
8 years$8,736$8,065$7,443$6,866$6,331$4,608
9 years$7,687$7,022$6,410$5,848$5,332$3,705
10 years$6,848$6,190$5,589$5,041$4,543$3,010
11 years$6,162$5,510$4,920$4,387$3,907$2,466
12 years$5,591$4,946$4,366$3,848$3,386$2,032
13 years$5,108$4,470$3,901$3,397$2,953$1,684
14 years$4,694$4,063$3,505$3,016$2,588$1,401
15 years$4,336$3,711$3,165$2,690$2,279$1,169
16 years$4,023$3,405$2,869$2,408$2,014$979
17 years$3,747$3,136$2,611$2,164$1,786$821
18 years$3,502$2,898$2,383$1,950$1,588$690
19 years$3,283$2,686$2,182$1,762$1,415$581
20 years$3,086$2,496$2,002$1,596$1,264$490
21 years$2,908$2,325$1,842$1,448$1,131$413
22 years$2,747$2,170$1,698$1,317$1,014$349
23 years$2,599$2,029$1,567$1,199$910$295
24 years$2,465$1,901$1,450$1,094$818$250
25 years$2,341$1,784$1,343$999$736$211
26 years$2,227$1,677$1,245$913$663$179
27 years$2,121$1,578$1,156$836$598$152
28 years$2,024$1,487$1,075$766$539$128
29 years$1,933$1,403$1,000$702$487$109
30 years$1,848$1,325$932$645$440$92
31 years$1,769$1,253$869$592$398$78
32 years$1,695$1,185$810$544$360$66
33 years$1,626$1,122$757$500$326$56
34 years$1,561$1,064$707$460$295$48
35 years$1,500$1,009$661$424$267$41
36 years$1,442$958$618$390$242$34
37 years$1,388$910$579$360$219$29
38 years$1,336$864$542$331$199$25
39 years$1,288$822$508$306$180$21
40 years$1,241$782$476$282$164$18
41 years$1,198$744$446$260$148$15
42 years$1,156$709$419$240$135$13
43 years$1,116$676$393$222$122$11
44 years$1,079$644$369$205$111$9
45 years$1,043$614$346$189$101$8
46 years$1,009$586$325$175$91$7
47 years$976$559$306$161$83$6
48 years$945$534$287$149$75$5
49 years$915$510$270$138$68$4
50 years$887$487$254$127$62$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $908,000, adding $5,906 every year, while hoping to spend $31,291 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: 73/15/12 Blend
65$908,000$908,000$908,000$908,000
66$1,006,708$958,584$944,510$1,077,305
67$1,076,099$972,261$942,858$1,138,455
68$1,151,519$985,560$940,101$1,200,968
69$1,233,550$998,428$936,171$1,268,589
70$1,322,832$1,010,812$930,993$1,341,815
71$1,420,070$1,022,651$924,490$1,421,194
72$1,526,039$1,033,883$916,583$1,507,331
73$1,641,593$1,044,440$907,186$1,600,890
74$1,767,669$1,054,252$896,210$1,702,604
75$1,905,303$1,063,241$883,565$1,813,283
76$2,055,631$1,071,327$869,151$1,933,816
77$2,219,906$1,078,423$852,868$2,065,184
78$2,399,506$1,084,436$834,610$2,208,471
79$2,595,951$1,089,269$814,264$2,364,867
80$2,810,912$1,092,817$791,716$2,535,686
81$3,046,230$1,094,969$766,843$2,722,378
82$3,303,930$1,095,608$739,517$2,926,539
83$3,586,247$1,094,608$709,607$3,149,927
84$3,895,636$1,091,836$676,971$3,394,483
85$4,234,807$1,087,152$641,466$3,662,345
86$4,606,741$1,080,406$602,938$3,955,868
87$5,014,721$1,071,438$561,229$4,277,650
88$5,462,365$1,060,081$516,172$4,630,554
89$5,953,657$1,046,156$467,595$5,017,736
90$6,492,986$1,029,474$415,316$5,442,675
91$7,085,187$1,009,834$359,145$5,909,203
92$7,735,584$987,024$298,884$6,421,549
93$8,450,045$960,820$234,328$6,984,370
94$9,235,031$930,982$165,260$7,602,801
95$10,097,664$897,259$91,456$8,282,503
96$11,045,786$859,385$12,679$9,029,714
97$12,088,038$817,077$0$9,851,311
98$13,233,941$770,036$0$10,764,016
99$14,493,982$717,948$0$11,769,368
100$15,879,719$660,478$0$12,874,987