Can I retire at age 66 with 911,000?

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 $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%12.5%
1 years$75,230$74,559$73,906$73,268$72,644$71,886
2 years$37,242$36,549$35,877$35,225$34,593$33,829
3 years$24,582$23,885$23,214$22,569$21,947$21,201
4 years$18,252$17,558$16,894$16,260$15,653$14,931
5 years$14,456$13,766$13,111$12,489$11,899$11,204
6 years$11,926$11,241$10,595$9,987$9,415$8,747
7 years$10,119$9,440$8,805$8,211$7,657$7,016
8 years$8,765$8,092$7,467$6,888$6,352$5,739
9 years$7,712$7,045$6,431$5,867$5,350$4,763
10 years$6,870$6,210$5,607$5,058$4,558$3,998
11 years$6,182$5,529$4,936$4,402$3,920$3,387
12 years$5,609$4,962$4,381$3,861$3,397$2,889
13 years$5,125$4,484$3,914$3,409$2,962$2,480
14 years$4,710$4,076$3,517$3,026$2,597$2,139
15 years$4,350$3,724$3,175$2,698$2,286$1,852
16 years$4,036$3,416$2,879$2,416$2,021$1,609
17 years$3,759$3,146$2,620$2,171$1,792$1,403
18 years$3,513$2,907$2,391$1,956$1,593$1,226
19 years$3,294$2,694$2,189$1,768$1,420$1,073
20 years$3,096$2,504$2,009$1,601$1,268$941
21 years$2,918$2,332$1,848$1,453$1,135$827
22 years$2,756$2,177$1,703$1,321$1,017$728
23 years$2,608$2,036$1,573$1,203$913$641
24 years$2,473$1,908$1,454$1,097$821$565
25 years$2,349$1,790$1,347$1,002$739$499
26 years$2,234$1,683$1,249$916$665$441
27 years$2,128$1,584$1,160$839$600$390
28 years$2,030$1,492$1,078$768$541$345
29 years$1,939$1,408$1,004$705$489$305
30 years$1,854$1,329$935$647$442$270
31 years$1,775$1,257$872$594$399$239
32 years$1,701$1,189$813$546$361$212
33 years$1,631$1,126$759$502$327$188
34 years$1,566$1,067$709$462$296$167
35 years$1,505$1,012$663$425$268$148
36 years$1,447$961$620$392$243$131
37 years$1,392$913$581$361$220$117
38 years$1,341$867$544$333$200$103
39 years$1,292$825$509$307$181$92
40 years$1,245$785$478$283$164$82
41 years$1,202$747$448$261$149$72
42 years$1,160$711$420$241$135$64
43 years$1,120$678$394$222$123$57
44 years$1,082$646$370$205$111$51
45 years$1,046$616$347$190$101$45
46 years$1,012$588$326$175$92$40
47 years$979$561$307$162$83$36
48 years$948$535$288$149$76$32
49 years$918$511$271$138$69$28
50 years$889$488$255$128$62$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $911,000, adding $6,903 every year, while hoping to spend $51,275 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: 62/22/16 Blend
65$911,000$911,000$911,000$911,000
66$1,011,042$962,759$948,639$1,069,272
67$1,059,613$955,378$925,862$1,101,883
68$1,111,418$945,917$900,604$1,131,055
69$1,166,736$934,220$872,727$1,161,682
70$1,225,867$920,121$842,087$1,193,907
71$1,289,143$903,445$808,535$1,227,893
72$1,356,928$884,006$771,914$1,263,819
73$1,429,621$861,608$732,058$1,301,886
74$1,507,658$836,043$688,798$1,342,314
75$1,591,520$807,089$641,953$1,385,354
76$1,681,733$774,515$591,337$1,431,278
77$1,778,876$738,072$536,753$1,480,394
78$1,883,584$697,501$477,997$1,533,042
79$1,996,555$652,524$414,856$1,589,599
80$2,118,556$602,850$347,106$1,650,486
81$2,250,429$548,170$274,514$1,716,169
82$2,393,100$488,157$196,838$1,787,164
83$2,547,587$422,468$113,823$1,864,046
84$2,715,009$350,737$25,204$1,947,451
85$2,896,597$272,580$0$2,038,087
86$3,093,703$187,590$0$2,148,578
87$3,307,817$95,337$0$2,273,312
88$3,540,574$0$0$2,408,996
89$3,793,776$0$0$2,557,870
90$4,069,405$0$0$2,745,113
91$4,369,641$0$0$2,949,136
92$4,696,883$0$0$3,171,575
93$5,053,773$0$0$3,414,234
94$5,443,217$0$0$3,679,098
95$5,868,413$0$0$3,968,352
96$6,332,884$0$0$4,284,400
97$6,840,507$0$0$4,629,890
98$7,395,549$0$0$5,007,737
99$8,002,712$0$0$5,421,151
100$8,667,168$0$0$5,873,666