Can I retire at age 66 with 911,000?

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 $911,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13%
1 years$75,230$74,559$73,906$73,268$72,644$71,737
2 years$37,242$36,549$35,877$35,225$34,593$33,679
3 years$24,582$23,885$23,214$22,569$21,947$21,056
4 years$18,252$17,558$16,894$16,260$15,653$14,792
5 years$14,456$13,766$13,111$12,489$11,899$11,070
6 years$11,926$11,241$10,595$9,987$9,415$8,619
7 years$10,119$9,440$8,805$8,211$7,657$6,895
8 years$8,765$8,092$7,467$6,888$6,352$5,623
9 years$7,712$7,045$6,431$5,867$5,350$4,653
10 years$6,870$6,210$5,607$5,058$4,558$3,895
11 years$6,182$5,529$4,936$4,402$3,920$3,289
12 years$5,609$4,962$4,381$3,861$3,397$2,797
13 years$5,125$4,484$3,914$3,409$2,962$2,392
14 years$4,710$4,076$3,517$3,026$2,597$2,057
15 years$4,350$3,724$3,175$2,698$2,286$1,775
16 years$4,036$3,416$2,879$2,416$2,021$1,537
17 years$3,759$3,146$2,620$2,171$1,792$1,335
18 years$3,513$2,907$2,391$1,956$1,593$1,162
19 years$3,294$2,694$2,189$1,768$1,420$1,014
20 years$3,096$2,504$2,009$1,601$1,268$886
21 years$2,918$2,332$1,848$1,453$1,135$776
22 years$2,756$2,177$1,703$1,321$1,017$680
23 years$2,608$2,036$1,573$1,203$913$597
24 years$2,473$1,908$1,454$1,097$821$524
25 years$2,349$1,790$1,347$1,002$739$461
26 years$2,234$1,683$1,249$916$665$406
27 years$2,128$1,584$1,160$839$600$357
28 years$2,030$1,492$1,078$768$541$315
29 years$1,939$1,408$1,004$705$489$277
30 years$1,854$1,329$935$647$442$245
31 years$1,775$1,257$872$594$399$216
32 years$1,701$1,189$813$546$361$191
33 years$1,631$1,126$759$502$327$168
34 years$1,566$1,067$709$462$296$149
35 years$1,505$1,012$663$425$268$131
36 years$1,447$961$620$392$243$116
37 years$1,392$913$581$361$220$102
38 years$1,341$867$544$333$200$91
39 years$1,292$825$509$307$181$80
40 years$1,245$785$478$283$164$71
41 years$1,202$747$448$261$149$63
42 years$1,160$711$420$241$135$55
43 years$1,120$678$394$222$123$49
44 years$1,082$646$370$205$111$43
45 years$1,046$616$347$190$101$38
46 years$1,012$588$326$175$92$34
47 years$979$561$307$162$83$30
48 years$948$535$288$149$76$26
49 years$918$511$271$138$69$23
50 years$889$488$255$128$62$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $911,000, adding $2,739 every year, while hoping to spend $21,613 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: 51/33/16 Blend
65$911,000$911,000$911,000$911,000
66$1,006,747$958,464$944,344$1,053,553
67$1,086,439$982,433$952,983$1,109,966
68$1,173,536$1,006,852$961,188$1,168,779
69$1,268,769$1,031,720$968,920$1,232,244
70$1,372,945$1,057,036$976,140$1,300,807
71$1,486,952$1,082,797$982,808$1,374,960
72$1,611,768$1,109,001$988,878$1,455,244
73$1,748,469$1,135,642$994,306$1,542,255
74$1,898,241$1,162,717$999,044$1,636,650
75$2,062,389$1,190,218$1,003,040$1,739,152
76$2,242,353$1,218,139$1,006,242$1,850,558
77$2,439,715$1,246,470$1,008,593$1,971,746
78$2,656,220$1,275,201$1,010,035$2,103,684
79$2,893,790$1,304,322$1,010,507$2,247,436
80$3,154,541$1,333,818$1,009,943$2,404,179
81$3,440,805$1,363,676$1,008,277$2,575,204
82$3,755,149$1,393,878$1,005,436$2,761,940
83$4,100,403$1,424,407$1,001,347$2,965,956
84$4,479,683$1,455,242$995,931$3,188,985
85$4,896,423$1,486,360$989,107$3,432,935
86$5,354,404$1,517,738$980,788$3,699,909
87$5,857,793$1,549,347$970,884$3,992,224
88$6,411,181$1,581,158$959,302$4,312,435
89$7,019,625$1,613,138$945,942$4,663,357
90$7,688,697$1,645,252$930,701$5,048,091
91$8,424,536$1,677,462$913,472$5,470,057
92$9,233,906$1,709,725$894,141$5,933,023
93$10,124,259$1,741,996$872,589$6,441,142
94$11,103,806$1,774,226$848,693$6,998,992
95$12,181,593$1,806,361$822,323$7,611,617
96$13,367,587$1,838,345$793,343$8,284,576
97$14,672,773$1,870,116$761,611$9,023,998
98$16,109,251$1,901,607$726,980$9,836,637
99$17,690,355$1,932,746$689,295$10,729,936
100$19,430,777$1,963,456$648,392$11,712,100