Can I retire at age 66 with 909,000?

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 $909,000?

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$75,064$74,396$73,743$73,107$72,485$71,431
2 years$37,161$36,468$35,798$35,147$34,517$33,457
3 years$24,528$23,833$23,164$22,519$21,899$20,867
4 years$18,212$17,519$16,857$16,224$15,618$14,621
5 years$14,424$13,735$13,082$12,462$11,873$10,914
6 years$11,900$11,216$10,572$9,966$9,395$8,475
7 years$10,097$9,419$8,785$8,193$7,640$6,760
8 years$8,746$8,074$7,451$6,873$6,338$5,498
9 years$7,695$7,030$6,417$5,854$5,338$4,536
10 years$6,855$6,196$5,595$5,047$4,548$3,785
11 years$6,169$5,516$4,926$4,392$3,912$3,186
12 years$5,597$4,951$4,371$3,852$3,390$2,701
13 years$5,113$4,474$3,905$3,401$2,956$2,303
14 years$4,699$4,067$3,509$3,019$2,591$1,973
15 years$4,341$3,715$3,168$2,692$2,281$1,697
16 years$4,027$3,409$2,872$2,411$2,016$1,465
17 years$3,751$3,139$2,614$2,166$1,788$1,267
18 years$3,506$2,901$2,386$1,952$1,590$1,099
19 years$3,286$2,689$2,184$1,764$1,417$956
20 years$3,089$2,498$2,005$1,598$1,266$832
21 years$2,911$2,327$1,844$1,450$1,133$726
22 years$2,750$2,172$1,699$1,318$1,015$634
23 years$2,602$2,032$1,569$1,201$911$554
24 years$2,467$1,904$1,451$1,095$819$485
25 years$2,344$1,786$1,344$1,000$737$425
26 years$2,229$1,679$1,247$914$664$372
27 years$2,124$1,580$1,158$837$599$326
28 years$2,026$1,489$1,076$767$540$286
29 years$1,935$1,405$1,001$703$488$251
30 years$1,850$1,326$933$645$441$221
31 years$1,771$1,254$870$593$398$194
32 years$1,697$1,187$811$545$360$171
33 years$1,628$1,124$758$501$326$150
34 years$1,563$1,065$708$461$295$132
35 years$1,501$1,010$662$424$267$116
36 years$1,444$959$619$391$242$102
37 years$1,389$911$579$360$220$90
38 years$1,338$865$543$332$199$79
39 years$1,289$823$508$306$181$70
40 years$1,243$783$476$282$164$61
41 years$1,199$745$447$260$149$54
42 years$1,157$710$419$240$135$47
43 years$1,118$676$393$222$122$42
44 years$1,080$645$369$205$111$37
45 years$1,044$615$347$189$101$32
46 years$1,010$586$326$175$92$29
47 years$977$560$306$161$83$25
48 years$946$534$287$149$75$22
49 years$916$510$270$138$69$20
50 years$888$487$254$127$62$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $909,000, adding $4,582 every year, while hoping to spend $37,988 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: 45/43/12 Blend
65$909,000$909,000$909,000$909,000
66$1,006,444$958,267$944,178$1,048,103
67$1,068,683$964,803$935,389$1,084,030
68$1,135,996$970,387$925,032$1,118,735
69$1,208,862$974,930$913,015$1,155,522
70$1,287,806$978,342$899,241$1,194,597
71$1,373,405$980,523$883,608$1,236,190
72$1,466,294$981,370$866,011$1,280,555
73$1,567,170$980,771$846,336$1,327,975
74$1,676,802$978,610$824,469$1,378,764
75$1,796,035$974,761$800,288$1,433,268
76$1,925,798$969,091$773,665$1,491,874
77$2,067,113$961,461$744,467$1,555,009
78$2,221,106$951,720$712,554$1,623,146
79$2,389,016$939,712$677,782$1,696,811
80$2,572,206$925,267$639,997$1,776,584
81$2,772,175$908,210$599,042$1,863,110
82$2,990,576$888,351$554,748$1,957,104
83$3,229,226$865,492$506,944$2,059,355
84$3,490,128$839,421$455,447$2,170,738
85$3,775,484$809,916$400,068$2,292,222
86$4,087,721$776,740$340,608$2,424,880
87$4,429,512$739,643$276,861$2,569,898
88$4,803,798$698,361$208,612$2,728,589
89$5,213,818$652,615$135,634$2,902,406
90$5,663,143$602,107$57,692$3,092,956
91$6,155,699$546,527$0$3,302,016
92$6,695,817$485,543$0$3,534,815
93$7,288,262$418,806$0$3,798,359
94$7,938,284$345,947$0$4,087,690
95$8,651,668$266,577$0$4,405,499
96$9,434,782$180,284$0$4,754,760
97$10,294,645$86,632$0$5,138,757
98$11,238,985$0$0$5,561,114
99$12,276,318$0$0$6,032,857
100$13,416,023$0$0$6,596,306