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%11.4%
1 years$75,230$74,559$73,906$73,268$72,644$72,217
2 years$37,242$36,549$35,877$35,225$34,593$34,161
3 years$24,582$23,885$23,214$22,569$21,947$21,525
4 years$18,252$17,558$16,894$16,260$15,653$15,244
5 years$14,456$13,766$13,111$12,489$11,899$11,504
6 years$11,926$11,241$10,595$9,987$9,415$9,035
7 years$10,119$9,440$8,805$8,211$7,657$7,291
8 years$8,765$8,092$7,467$6,888$6,352$6,001
9 years$7,712$7,045$6,431$5,867$5,350$5,013
10 years$6,870$6,210$5,607$5,058$4,558$4,236
11 years$6,182$5,529$4,936$4,402$3,920$3,612
12 years$5,609$4,962$4,381$3,861$3,397$3,103
13 years$5,125$4,484$3,914$3,409$2,962$2,682
14 years$4,710$4,076$3,517$3,026$2,597$2,330
15 years$4,350$3,724$3,175$2,698$2,286$2,033
16 years$4,036$3,416$2,879$2,416$2,021$1,780
17 years$3,759$3,146$2,620$2,171$1,792$1,563
18 years$3,513$2,907$2,391$1,956$1,593$1,376
19 years$3,294$2,694$2,189$1,768$1,420$1,215
20 years$3,096$2,504$2,009$1,601$1,268$1,074
21 years$2,918$2,332$1,848$1,453$1,135$952
22 years$2,756$2,177$1,703$1,321$1,017$844
23 years$2,608$2,036$1,573$1,203$913$750
24 years$2,473$1,908$1,454$1,097$821$667
25 years$2,349$1,790$1,347$1,002$739$594
26 years$2,234$1,683$1,249$916$665$529
27 years$2,128$1,584$1,160$839$600$472
28 years$2,030$1,492$1,078$768$541$421
29 years$1,939$1,408$1,004$705$489$376
30 years$1,854$1,329$935$647$442$336
31 years$1,775$1,257$872$594$399$300
32 years$1,701$1,189$813$546$361$269
33 years$1,631$1,126$759$502$327$240
34 years$1,566$1,067$709$462$296$215
35 years$1,505$1,012$663$425$268$193
36 years$1,447$961$620$392$243$172
37 years$1,392$913$581$361$220$154
38 years$1,341$867$544$333$200$138
39 years$1,292$825$509$307$181$124
40 years$1,245$785$478$283$164$111
41 years$1,202$747$448$261$149$100
42 years$1,160$711$420$241$135$89
43 years$1,120$678$394$222$123$80
44 years$1,082$646$370$205$111$72
45 years$1,046$616$347$190$101$64
46 years$1,012$588$326$175$92$58
47 years$979$561$307$162$83$52
48 years$948$535$288$149$76$47
49 years$918$511$271$138$69$42
50 years$889$488$255$128$62$37

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $911,000, adding $6,392 every year, while hoping to spend $39,753 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: 67/24/9 Blend
65$911,000$911,000$911,000$911,000
66$1,010,515$962,232$948,112$1,075,996
67$1,071,291$967,085$937,577$1,125,175
68$1,136,933$970,843$925,356$1,173,561
69$1,207,897$973,411$911,352$1,225,414
70$1,284,681$974,686$895,461$1,281,068
71$1,367,836$974,563$877,576$1,340,891
72$1,457,963$972,924$857,583$1,405,289
73$1,555,728$969,650$835,364$1,474,711
74$1,661,859$964,611$810,797$1,549,652
75$1,777,161$957,669$783,750$1,630,658
76$1,902,516$948,679$754,091$1,718,332
77$2,038,896$937,488$721,676$1,813,341
78$2,187,370$923,931$686,358$1,916,418
79$2,349,114$907,836$647,984$2,028,374
80$2,525,423$889,019$606,391$2,150,105
81$2,717,722$867,286$561,410$2,282,597
82$2,927,578$842,432$512,866$2,426,941
83$3,156,718$814,238$460,574$2,584,338
84$3,407,042$782,474$404,342$2,756,117
85$3,680,641$746,897$343,968$2,943,741
86$3,979,819$707,248$279,244$3,148,828
87$4,307,112$663,254$209,950$3,373,159
88$4,665,311$614,627$135,857$3,618,704
89$5,057,491$561,062$56,726$3,887,632
90$5,487,037$502,236$0$4,182,340
91$5,957,678$437,809$0$4,508,133
92$6,473,519$367,420$0$4,871,251
93$7,039,084$290,689$0$5,269,483
94$7,659,351$207,214$0$5,706,406
95$8,339,808$116,570$0$6,185,964
96$9,086,497$18,310$0$6,712,505
97$9,906,073$0$0$7,290,823
98$10,805,867$0$0$7,949,457
99$11,793,955$0$0$8,678,091
100$12,879,234$0$0$9,478,455