Can I retire at age 66 with 912,000?

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 $912,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$75,312$74,641$73,987$73,348$72,724$72,236
2 years$37,283$36,589$35,916$35,263$34,631$34,138
3 years$24,609$23,911$23,240$22,594$21,971$21,489
4 years$18,273$17,577$16,913$16,277$15,670$15,203
5 years$14,472$13,781$13,125$12,503$11,912$11,461
6 years$11,939$11,253$10,607$9,998$9,426$8,992
7 years$10,130$9,450$8,814$8,220$7,666$7,249
8 years$8,775$8,101$7,475$6,896$6,359$5,959
9 years$7,721$7,053$6,438$5,874$5,355$4,972
10 years$6,878$6,217$5,613$5,063$4,563$4,197
11 years$6,189$5,535$4,942$4,406$3,924$3,574
12 years$5,615$4,968$4,386$3,865$3,401$3,067
13 years$5,130$4,489$3,918$3,412$2,966$2,647
14 years$4,715$4,081$3,521$3,029$2,600$2,297
15 years$4,355$3,728$3,179$2,701$2,289$2,001
16 years$4,041$3,420$2,882$2,419$2,023$1,750
17 years$3,763$3,150$2,622$2,173$1,794$1,534
18 years$3,517$2,911$2,394$1,959$1,595$1,349
19 years$3,297$2,697$2,192$1,770$1,422$1,189
20 years$3,100$2,507$2,011$1,603$1,270$1,050
21 years$2,921$2,335$1,850$1,455$1,136$929
22 years$2,759$2,179$1,705$1,323$1,019$823
23 years$2,611$2,038$1,574$1,205$914$730
24 years$2,476$1,910$1,456$1,099$822$648
25 years$2,351$1,792$1,349$1,003$739$576
26 years$2,237$1,684$1,251$917$666$513
27 years$2,131$1,585$1,161$840$601$456
28 years$2,033$1,494$1,080$769$542$407
29 years$1,941$1,409$1,005$705$489$363
30 years$1,856$1,331$936$647$442$323
31 years$1,777$1,258$872$595$400$289
32 years$1,703$1,190$814$547$362$258
33 years$1,633$1,127$760$503$327$230
34 years$1,568$1,068$710$462$296$206
35 years$1,506$1,013$664$426$268$184
36 years$1,448$962$621$392$243$164
37 years$1,394$914$581$361$220$147
38 years$1,342$868$544$333$200$131
39 years$1,293$826$510$307$181$118
40 years$1,247$785$478$283$164$105
41 years$1,203$748$448$261$149$94
42 years$1,161$712$420$241$135$84
43 years$1,121$678$395$223$123$75
44 years$1,084$647$370$205$111$68
45 years$1,048$617$348$190$101$60
46 years$1,013$588$327$175$92$54
47 years$980$561$307$162$83$48
48 years$949$536$288$150$76$43
49 years$919$512$271$138$69$39
50 years$890$489$255$128$62$35

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $912,000, adding $4,644 every year, while hoping to spend $35,979 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: 48/30/22 Blend
65$912,000$912,000$912,000$912,000
66$1,009,814$961,478$947,342$1,051,786
67$1,074,534$970,309$940,797$1,090,370
68$1,144,649$978,367$932,826$1,128,267
69$1,220,672$985,576$923,345$1,168,682
70$1,303,167$991,855$912,263$1,211,865
71$1,392,752$997,119$899,486$1,258,098
72$1,490,110$1,001,275$884,916$1,307,689
73$1,595,991$1,004,226$868,450$1,360,980
74$1,711,218$1,005,870$849,980$1,418,352
75$1,836,701$1,006,096$829,393$1,480,224
76$1,973,438$1,004,788$806,570$1,547,061
77$2,122,527$1,001,821$781,389$1,619,377
78$2,285,179$997,065$753,720$1,697,743
79$2,462,726$990,380$723,428$1,782,787
80$2,656,633$981,617$690,372$1,875,207
81$2,868,514$970,621$654,404$1,975,773
82$3,100,145$957,224$615,369$2,085,337
83$3,353,482$941,250$573,106$2,204,843
84$3,630,679$922,513$527,447$2,335,332
85$3,934,107$900,815$478,215$2,477,956
86$4,266,378$875,947$425,227$2,633,989
87$4,630,366$847,686$368,290$2,804,839
88$5,029,239$815,798$307,203$2,992,062
89$5,466,483$780,034$241,757$3,197,376
90$5,945,942$740,133$171,732$3,422,681
91$6,471,844$695,815$96,901$3,670,076
92$7,048,849$646,788$17,025$3,941,879
93$7,682,091$592,740$0$4,240,650
94$8,377,223$533,342$0$4,585,232
95$9,140,472$468,248$0$4,968,039
96$9,978,699$397,091$0$5,388,585
97$10,899,461$319,484$0$5,850,745
98$11,911,083$235,015$0$6,358,792
99$13,022,736$143,254$0$6,917,442
100$14,244,525$43,743$0$7,531,895