Can I retire at age 66 with 915,000?

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 $915,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.2%
1 years$75,560$74,887$74,230$73,589$72,963$71,113
2 years$37,406$36,709$36,034$35,379$34,744$32,892
3 years$24,690$23,990$23,316$22,668$22,043$20,247
4 years$18,333$17,635$16,968$16,331$15,721$13,995
5 years$14,519$13,826$13,168$12,544$11,951$10,300
6 years$11,978$11,290$10,642$10,031$9,457$7,881
7 years$10,164$9,481$8,843$8,247$7,691$6,192
8 years$8,803$8,127$7,500$6,918$6,380$4,957
9 years$7,746$7,076$6,460$5,893$5,373$4,025
10 years$6,901$6,237$5,632$5,080$4,578$3,303
11 years$6,209$5,553$4,958$4,421$3,937$2,733
12 years$5,634$4,984$4,400$3,878$3,412$2,277
13 years$5,147$4,504$3,931$3,424$2,975$1,907
14 years$4,730$4,094$3,532$3,039$2,608$1,604
15 years$4,369$3,740$3,189$2,710$2,296$1,354
16 years$4,054$3,431$2,891$2,427$2,030$1,146
17 years$3,776$3,160$2,631$2,180$1,800$973
18 years$3,529$2,920$2,402$1,965$1,600$828
19 years$3,308$2,706$2,199$1,776$1,426$705
20 years$3,110$2,515$2,018$1,608$1,274$602
21 years$2,931$2,342$1,856$1,459$1,140$514
22 years$2,768$2,187$1,711$1,327$1,022$440
23 years$2,620$2,045$1,580$1,208$917$376
24 years$2,484$1,916$1,461$1,102$824$322
25 years$2,359$1,798$1,353$1,007$742$276
26 years$2,244$1,690$1,255$920$668$237
27 years$2,138$1,590$1,165$842$603$203
28 years$2,039$1,499$1,083$772$544$175
29 years$1,948$1,414$1,008$708$491$150
30 years$1,863$1,335$939$650$444$129
31 years$1,783$1,262$875$597$401$111
32 years$1,708$1,194$817$548$363$95
33 years$1,639$1,131$763$504$328$82
34 years$1,573$1,072$712$464$297$70
35 years$1,511$1,017$666$427$269$60
36 years$1,453$965$623$393$244$52
37 years$1,398$917$583$362$221$45
38 years$1,347$871$546$334$200$38
39 years$1,297$828$512$308$182$33
40 years$1,251$788$480$284$165$28
41 years$1,207$750$450$262$150$24
42 years$1,165$714$422$242$136$21
43 years$1,125$681$396$223$123$18
44 years$1,087$649$372$206$112$16
45 years$1,051$619$349$190$101$13
46 years$1,017$590$328$176$92$12
47 years$984$563$308$162$84$10
48 years$952$538$289$150$76$9
49 years$922$514$272$139$69$7
50 years$893$491$256$128$63$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $915,000, adding $4,345 every year, while hoping to spend $41,044 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: 65/27/8 Blend
65$915,000$915,000$915,000$915,000
66$1,012,812$964,317$950,134$1,076,789
67$1,072,448$967,898$938,293$1,123,501
68$1,136,792$970,279$924,680$1,169,252
69$1,206,279$971,357$909,192$1,218,167
70$1,281,391$971,025$891,721$1,270,552
71$1,362,655$969,167$872,155$1,326,741
72$1,450,650$965,660$850,377$1,387,106
73$1,546,014$960,375$826,262$1,452,057
74$1,649,448$953,175$799,683$1,522,046
75$1,761,723$943,912$770,504$1,597,573
76$1,883,688$932,432$738,584$1,679,191
77$2,016,274$918,572$703,777$1,767,508
78$2,160,509$902,156$665,928$1,863,199
79$2,317,520$883,001$624,876$1,967,006
80$2,488,551$860,912$580,453$2,079,750
81$2,674,968$835,682$532,483$2,202,337
82$2,878,276$807,091$480,783$2,335,769
83$3,100,131$774,909$425,160$2,481,150
84$3,342,355$738,891$365,414$2,639,700
85$3,606,956$698,778$301,336$2,812,766
86$3,896,142$654,295$232,707$3,001,835
87$4,212,346$605,152$159,300$3,208,547
88$4,558,244$551,043$80,875$3,434,715
89$4,936,785$491,645$0$3,682,338
90$5,351,217$426,614$0$3,953,864
91$5,805,112$355,590$0$4,258,872
92$6,302,409$278,190$0$4,593,163
93$6,847,444$194,010$0$4,959,728
94$7,444,991$102,624$0$5,361,866
95$8,100,310$3,583$0$5,803,218
96$8,819,193$0$0$6,287,798
97$9,608,021$0$0$6,850,811
98$10,473,821$0$0$7,469,995
99$11,424,335$0$0$8,149,827
100$12,468,090$0$0$8,896,416