Can I retire at age 66 with 913,000?

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 $913,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.8%
1 years$75,395$74,723$74,068$73,428$72,804$70,786
2 years$37,324$36,629$35,955$35,302$34,669$32,650
3 years$24,636$23,937$23,265$22,618$21,995$20,040
4 years$18,293$17,597$16,931$16,295$15,687$13,810
5 years$14,488$13,796$13,139$12,516$11,925$10,131
6 years$11,952$11,265$10,619$10,009$9,436$7,727
7 years$10,141$9,461$8,824$8,229$7,674$6,050
8 years$8,784$8,110$7,484$6,903$6,366$4,827
9 years$7,729$7,061$6,446$5,880$5,361$3,905
10 years$6,886$6,224$5,619$5,069$4,568$3,192
11 years$6,196$5,541$4,947$4,411$3,929$2,631
12 years$5,621$4,973$4,391$3,869$3,405$2,183
13 years$5,136$4,494$3,923$3,416$2,969$1,821
14 years$4,720$4,085$3,525$3,032$2,602$1,526
15 years$4,360$3,732$3,182$2,704$2,291$1,283
16 years$4,045$3,424$2,885$2,421$2,025$1,081
17 years$3,767$3,153$2,625$2,176$1,796$914
18 years$3,521$2,914$2,397$1,961$1,597$774
19 years$3,301$2,700$2,194$1,772$1,423$656
20 years$3,103$2,509$2,014$1,605$1,271$558
21 years$2,924$2,337$1,852$1,456$1,138$474
22 years$2,762$2,182$1,707$1,324$1,020$404
23 years$2,614$2,041$1,576$1,206$915$344
24 years$2,478$1,912$1,458$1,100$823$293
25 years$2,354$1,794$1,350$1,004$740$250
26 years$2,239$1,686$1,252$918$667$214
27 years$2,133$1,587$1,163$841$601$182
28 years$2,035$1,495$1,081$770$542$156
29 years$1,944$1,411$1,006$706$490$133
30 years$1,858$1,332$937$648$443$114
31 years$1,779$1,259$873$595$400$97
32 years$1,705$1,192$815$547$362$83
33 years$1,635$1,129$761$503$328$71
34 years$1,570$1,070$711$463$297$61
35 years$1,508$1,015$665$426$269$52
36 years$1,450$963$622$392$243$45
37 years$1,395$915$582$362$221$38
38 years$1,344$869$545$333$200$33
39 years$1,295$826$511$307$181$28
40 years$1,248$786$479$283$164$24
41 years$1,204$749$449$262$149$20
42 years$1,162$713$421$241$135$18
43 years$1,123$679$395$223$123$15
44 years$1,085$647$371$206$112$13
45 years$1,049$617$348$190$101$11
46 years$1,014$589$327$175$92$9
47 years$981$562$307$162$83$8
48 years$950$537$289$150$76$7
49 years$920$512$271$138$69$6
50 years$891$489$255$128$63$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $913,000, adding $5,611 every year, while hoping to spend $23,887 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: 78/8/14 Blend
65$913,000$913,000$913,000$913,000
66$1,011,914$963,525$949,373$1,087,514
67$1,089,713$985,322$955,762$1,159,892
68$1,174,648$1,007,386$961,564$1,235,660
69$1,267,420$1,029,706$966,734$1,318,098
70$1,368,803$1,052,268$971,226$1,407,861
71$1,479,649$1,075,057$974,989$1,505,674
72$1,600,894$1,098,056$977,973$1,612,333
73$1,733,571$1,121,247$980,121$1,728,717
74$1,878,818$1,144,610$981,377$1,855,792
75$2,037,884$1,168,123$981,681$1,994,624
76$2,212,150$1,191,763$980,968$2,146,387
77$2,403,132$1,215,502$979,173$2,312,373
78$2,612,503$1,239,313$976,227$2,494,008
79$2,842,103$1,263,164$972,056$2,692,861
80$3,093,961$1,287,023$966,583$2,910,661
81$3,370,311$1,310,852$959,729$3,149,313
82$3,673,612$1,334,613$951,409$3,410,918
83$4,006,575$1,358,264$941,536$3,697,788
84$4,372,185$1,381,759$930,017$4,012,473
85$4,773,731$1,405,048$916,756$4,357,782
86$5,214,836$1,428,080$901,652$4,736,808
87$5,699,490$1,450,797$884,598$5,152,964
88$6,232,091$1,473,138$865,484$5,610,007
89$6,817,481$1,495,038$844,195$6,112,077
90$7,460,997$1,516,428$820,608$6,663,740
91$8,168,517$1,537,232$794,598$7,270,023
92$8,946,520$1,557,370$766,030$7,936,468
93$9,802,140$1,576,757$734,768$8,669,182
94$10,743,241$1,595,300$700,665$9,474,894
95$11,778,484$1,612,903$663,570$10,361,020
96$12,917,414$1,629,460$623,324$11,335,734
97$14,170,547$1,644,860$579,762$12,408,040
98$15,549,470$1,658,985$532,711$13,587,863
99$17,066,948$1,671,708$481,990$14,886,141
100$18,737,050$1,682,895$427,410$16,314,925