Can I retire at age 66 with 914,000?

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 $914,000?

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$75,477$74,805$74,149$73,509$72,884$72,485
2 years$37,365$36,669$35,995$35,341$34,706$34,304
3 years$24,663$23,964$23,291$22,643$22,019$21,626
4 years$18,313$17,616$16,950$16,313$15,704$15,323
5 years$14,504$13,811$13,154$12,530$11,938$11,570
6 years$11,965$11,278$10,630$10,020$9,446$9,091
7 years$10,153$9,471$8,834$8,238$7,682$7,341
8 years$8,794$8,118$7,492$6,911$6,373$6,046
9 years$7,738$7,069$6,453$5,887$5,367$5,053
10 years$6,893$6,231$5,626$5,074$4,573$4,272
11 years$6,203$5,547$4,953$4,416$3,933$3,646
12 years$5,628$4,978$4,395$3,874$3,408$3,134
13 years$5,141$4,499$3,927$3,420$2,972$2,710
14 years$4,725$4,090$3,528$3,036$2,605$2,356
15 years$4,365$3,736$3,186$2,707$2,294$2,057
16 years$4,049$3,428$2,888$2,424$2,027$1,802
17 years$3,772$3,157$2,628$2,178$1,798$1,584
18 years$3,525$2,917$2,399$1,963$1,598$1,396
19 years$3,305$2,703$2,196$1,774$1,425$1,233
20 years$3,106$2,512$2,016$1,606$1,273$1,091
21 years$2,927$2,340$1,854$1,458$1,139$967
22 years$2,765$2,184$1,709$1,326$1,021$858
23 years$2,617$2,043$1,578$1,207$916$763
24 years$2,481$1,914$1,459$1,101$824$679
25 years$2,356$1,796$1,351$1,006$741$605
26 years$2,242$1,688$1,253$919$668$540
27 years$2,135$1,589$1,164$842$602$482
28 years$2,037$1,497$1,082$771$543$430
29 years$1,946$1,412$1,007$707$490$384
30 years$1,861$1,334$938$649$443$344
31 years$1,781$1,261$874$596$401$308
32 years$1,707$1,193$816$548$362$275
33 years$1,637$1,130$762$504$328$247
34 years$1,571$1,071$712$463$297$221
35 years$1,510$1,016$665$427$269$198
36 years$1,452$964$622$393$244$177
37 years$1,397$916$583$362$221$159
38 years$1,345$870$546$334$200$143
39 years$1,296$827$511$308$182$128
40 years$1,250$787$479$284$165$115
41 years$1,206$749$449$262$149$103
42 years$1,164$714$421$242$136$92
43 years$1,124$680$395$223$123$83
44 years$1,086$648$371$206$112$74
45 years$1,050$618$349$190$101$67
46 years$1,015$590$327$176$92$60
47 years$983$563$308$162$84$54
48 years$951$537$289$150$76$48
49 years$921$513$272$139$69$43
50 years$892$490$255$128$63$39

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $914,000, adding $3,100 every year, while hoping to spend $49,926 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: 40/35/25 Blend
65$914,000$914,000$914,000$914,000
66$1,010,426$961,984$947,817$1,043,268
67$1,060,368$956,000$926,448$1,061,300
68$1,113,732$948,050$902,689$1,075,876
69$1,170,812$937,984$876,409$1,090,666
70$1,231,934$925,645$847,468$1,105,718
71$1,297,454$910,864$815,722$1,121,092
72$1,367,763$893,465$781,017$1,136,855
73$1,443,290$873,260$743,196$1,153,086
74$1,524,505$850,048$702,092$1,169,877
75$1,611,924$823,621$657,532$1,187,334
76$1,706,116$793,754$609,335$1,205,577
77$1,807,703$760,211$557,311$1,224,747
78$1,917,371$722,743$501,263$1,245,002
79$2,035,871$681,086$440,983$1,266,523
80$2,164,030$634,959$376,256$1,289,518
81$2,302,757$584,069$306,857$1,314,219
82$2,453,051$528,101$232,550$1,340,892
83$2,616,011$466,726$153,089$1,369,837
84$2,792,844$399,596$68,217$1,401,392
85$2,984,879$326,341$0$1,435,938
86$3,193,578$246,573$0$1,479,868
87$3,420,547$159,879$0$1,547,507
88$3,667,556$65,826$0$1,621,259
89$3,936,550$0$0$1,701,813
90$4,229,671$0$0$1,803,818
91$4,549,275$0$0$1,942,790
92$4,897,957$0$0$2,094,519
93$5,278,571$0$0$2,260,262
94$5,694,260$0$0$2,441,402
95$6,148,483$0$0$2,639,462
96$6,645,050$0$0$2,856,118
97$7,188,153$0$0$3,093,218
98$7,782,409$0$0$3,352,794
99$8,432,903$0$0$3,637,084
100$9,145,234$0$0$3,948,555