Can I retire at age 66 with 918,000?

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 $918,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.1%
1 years$75,808$75,132$74,474$73,830$73,203$71,666
2 years$37,529$36,830$36,152$35,495$34,858$33,318
3 years$24,770$24,069$23,393$22,742$22,116$20,619
4 years$18,393$17,693$17,024$16,385$15,773$14,331
5 years$14,567$13,871$13,211$12,585$11,990$10,608
6 years$12,017$11,327$10,677$10,064$9,488$8,166
7 years$10,197$9,512$8,872$8,274$7,716$6,456
8 years$8,832$8,154$7,525$6,941$6,401$5,202
9 years$7,771$7,099$6,481$5,912$5,391$4,251
10 years$6,923$6,258$5,650$5,096$4,593$3,512
11 years$6,230$5,571$4,974$4,435$3,950$2,927
12 years$5,652$5,000$4,415$3,890$3,423$2,456
13 years$5,164$4,519$3,944$3,435$2,985$2,072
14 years$4,746$4,107$3,544$3,049$2,617$1,756
15 years$4,384$3,752$3,200$2,719$2,304$1,494
16 years$4,067$3,443$2,901$2,435$2,036$1,275
17 years$3,788$3,170$2,640$2,188$1,805$1,091
18 years$3,540$2,930$2,410$1,971$1,605$935
19 years$3,319$2,715$2,206$1,781$1,431$803
20 years$3,120$2,523$2,025$1,613$1,278$691
21 years$2,940$2,350$1,862$1,464$1,144$596
22 years$2,777$2,194$1,716$1,331$1,025$514
23 years$2,628$2,052$1,585$1,212$920$444
24 years$2,492$1,922$1,466$1,106$827$383
25 years$2,367$1,804$1,357$1,010$744$332
26 years$2,251$1,696$1,259$923$670$287
27 years$2,145$1,596$1,169$845$604$248
28 years$2,046$1,504$1,087$774$545$215
29 years$1,954$1,418$1,011$710$493$186
30 years$1,869$1,340$942$652$445$162
31 years$1,789$1,266$878$599$402$140
32 years$1,714$1,198$819$550$364$122
33 years$1,644$1,135$765$506$329$105
34 years$1,578$1,076$715$465$298$91
35 years$1,516$1,020$668$428$270$79
36 years$1,458$968$625$395$245$69
37 years$1,403$920$585$364$222$60
38 years$1,351$874$548$335$201$52
39 years$1,302$831$513$309$182$45
40 years$1,255$791$481$285$165$39
41 years$1,211$753$451$263$150$34
42 years$1,169$717$423$243$136$30
43 years$1,129$683$397$224$124$26
44 years$1,091$651$373$207$112$22
45 years$1,054$621$350$191$102$19
46 years$1,020$592$329$176$92$17
47 years$987$565$309$163$84$15
48 years$955$539$290$151$76$13
49 years$925$515$273$139$69$11
50 years$896$492$257$129$63$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $918,000, adding $4,473 every year, while hoping to spend $43,296 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: 55/31/14 Blend
65$918,000$918,000$918,000$918,000
66$1,016,250$967,596$953,367$1,068,194
67$1,073,841$968,941$939,238$1,105,343
68$1,135,855$968,902$923,185$1,140,705
69$1,202,698$967,364$905,097$1,178,215
70$1,274,814$964,206$884,859$1,218,087
71$1,352,694$959,301$862,351$1,260,559
72$1,436,875$952,513$837,446$1,305,895
73$1,527,948$943,698$810,012$1,354,387
74$1,626,563$932,703$779,911$1,406,359
75$1,733,433$919,366$746,999$1,462,171
76$1,849,344$903,516$711,125$1,522,222
77$1,975,160$884,971$672,130$1,586,952
78$2,111,830$863,539$629,851$1,656,851
79$2,260,400$839,015$584,114$1,732,461
80$2,422,018$811,184$534,739$1,814,384
81$2,597,950$779,818$481,539$1,903,284
82$2,789,587$744,675$424,316$1,999,897
83$2,998,460$705,500$362,866$2,105,040
84$3,226,255$662,021$296,974$2,219,615
85$3,474,826$613,953$226,416$2,344,620
86$3,746,216$560,994$150,958$2,481,163
87$4,042,671$502,824$70,356$2,630,464
88$4,366,667$439,106$0$2,793,879
89$4,720,926$369,482$0$2,975,243
90$5,108,450$293,576$0$3,185,240
91$5,532,540$210,988$0$3,415,221
92$5,996,832$121,300$0$3,667,252
93$6,505,331$24,066$0$3,943,618
94$7,062,447$0$0$4,246,836
95$7,673,036$0$0$4,607,384
96$8,342,447$0$0$5,011,752
97$9,076,571$0$0$5,455,300
98$9,881,896$0$0$5,941,958
99$10,765,570$0$0$6,476,058
100$11,735,463$0$0$7,062,368