Can I retire at age 66 with 912,000?

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 $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%11.3%
1 years$75,312$74,641$73,987$73,348$72,724$72,326
2 years$37,283$36,589$35,916$35,263$34,631$34,229
3 years$24,609$23,911$23,240$22,594$21,971$21,579
4 years$18,273$17,577$16,913$16,277$15,670$15,289
5 years$14,472$13,781$13,125$12,503$11,912$11,544
6 years$11,939$11,253$10,607$9,998$9,426$9,071
7 years$10,130$9,450$8,814$8,220$7,666$7,325
8 years$8,775$8,101$7,475$6,896$6,359$6,032
9 years$7,721$7,053$6,438$5,874$5,355$5,042
10 years$6,878$6,217$5,613$5,063$4,563$4,263
11 years$6,189$5,535$4,942$4,406$3,924$3,638
12 years$5,615$4,968$4,386$3,865$3,401$3,127
13 years$5,130$4,489$3,918$3,412$2,966$2,705
14 years$4,715$4,081$3,521$3,029$2,600$2,351
15 years$4,355$3,728$3,179$2,701$2,289$2,052
16 years$4,041$3,420$2,882$2,419$2,023$1,798
17 years$3,763$3,150$2,622$2,173$1,794$1,580
18 years$3,517$2,911$2,394$1,959$1,595$1,392
19 years$3,297$2,697$2,192$1,770$1,422$1,230
20 years$3,100$2,507$2,011$1,603$1,270$1,088
21 years$2,921$2,335$1,850$1,455$1,136$965
22 years$2,759$2,179$1,705$1,323$1,019$857
23 years$2,611$2,038$1,574$1,205$914$762
24 years$2,476$1,910$1,456$1,099$822$678
25 years$2,351$1,792$1,349$1,003$739$604
26 years$2,237$1,684$1,251$917$666$539
27 years$2,131$1,585$1,161$840$601$481
28 years$2,033$1,494$1,080$769$542$429
29 years$1,941$1,409$1,005$705$489$384
30 years$1,856$1,331$936$647$442$343
31 years$1,777$1,258$872$595$400$307
32 years$1,703$1,190$814$547$362$275
33 years$1,633$1,127$760$503$327$246
34 years$1,568$1,068$710$462$296$220
35 years$1,506$1,013$664$426$268$197
36 years$1,448$962$621$392$243$177
37 years$1,394$914$581$361$220$159
38 years$1,342$868$544$333$200$142
39 years$1,293$826$510$307$181$128
40 years$1,247$785$478$283$164$114
41 years$1,203$748$448$261$149$103
42 years$1,161$712$420$241$135$92
43 years$1,121$678$395$223$123$83
44 years$1,084$647$370$205$111$74
45 years$1,048$617$348$190$101$67
46 years$1,013$588$327$175$92$60
47 years$980$561$307$162$83$54
48 years$949$536$288$150$76$48
49 years$919$512$271$138$69$43
50 years$890$489$255$128$62$39

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $912,000, adding $4,176 every year, while hoping to spend $40,630 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: 60/24/16 Blend
65$912,000$912,000$912,000$912,000
66$1,009,332$960,996$946,860$1,065,546
67$1,069,053$964,854$935,349$1,107,825
68$1,133,505$967,540$922,092$1,149,031
69$1,203,126$968,954$906,985$1,193,032
70$1,278,400$968,987$889,924$1,240,104
71$1,359,857$967,528$870,797$1,290,550
72$1,448,081$964,455$849,487$1,344,707
73$1,543,713$959,642$825,873$1,402,947
74$1,647,460$952,952$799,828$1,465,682
75$1,760,098$944,243$771,219$1,533,367
76$1,882,479$933,362$739,906$1,606,505
77$2,015,542$920,148$705,743$1,685,651
78$2,160,321$904,429$668,580$1,771,422
79$2,317,953$886,025$628,256$1,864,497
80$2,489,687$864,743$584,605$1,965,626
81$2,676,900$840,380$537,454$2,075,640
82$2,881,106$812,721$486,622$2,195,457
83$3,103,973$781,539$431,918$2,326,090
84$3,347,336$746,592$373,145$2,468,660
85$3,613,215$707,625$310,096$2,624,404
86$3,903,834$664,370$242,555$2,794,689
87$4,221,641$616,540$170,296$2,981,025
88$4,569,332$563,834$93,085$3,185,080
89$4,949,876$505,934$10,675$3,408,696
90$5,366,541$442,503$0$3,653,907
91$5,822,927$373,184$0$3,936,151
92$6,322,998$297,602$0$4,247,520
93$6,871,119$215,360$0$4,588,975
94$7,472,099$126,039$0$4,963,590
95$8,131,232$29,194$0$5,374,754
96$8,854,352$0$0$5,826,205
97$9,647,883$0$0$6,342,043
98$10,518,901$0$0$6,916,791
99$11,475,202$0$0$7,547,890
100$12,525,371$0$0$8,241,017