Can I retire at age 66 with 918,000?

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 $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%15.8%
1 years$75,808$75,132$74,474$73,830$73,203$71,462
2 years$37,529$36,830$36,152$35,495$34,858$33,115
3 years$24,770$24,069$23,393$22,742$22,116$20,424
4 years$18,393$17,693$17,024$16,385$15,773$14,146
5 years$14,567$13,871$13,211$12,585$11,990$10,432
6 years$12,017$11,327$10,677$10,064$9,488$8,000
7 years$10,197$9,512$8,872$8,274$7,716$6,300
8 years$8,832$8,154$7,525$6,941$6,401$5,055
9 years$7,771$7,099$6,481$5,912$5,391$4,114
10 years$6,923$6,258$5,650$5,096$4,593$3,385
11 years$6,230$5,571$4,974$4,435$3,950$2,808
12 years$5,652$5,000$4,415$3,890$3,423$2,345
13 years$5,164$4,519$3,944$3,435$2,985$1,969
14 years$4,746$4,107$3,544$3,049$2,617$1,661
15 years$4,384$3,752$3,200$2,719$2,304$1,406
16 years$4,067$3,443$2,901$2,435$2,036$1,194
17 years$3,788$3,170$2,640$2,188$1,805$1,017
18 years$3,540$2,930$2,410$1,971$1,605$867
19 years$3,319$2,715$2,206$1,781$1,431$741
20 years$3,120$2,523$2,025$1,613$1,278$634
21 years$2,940$2,350$1,862$1,464$1,144$544
22 years$2,777$2,194$1,716$1,331$1,025$466
23 years$2,628$2,052$1,585$1,212$920$400
24 years$2,492$1,922$1,466$1,106$827$344
25 years$2,367$1,804$1,357$1,010$744$296
26 years$2,251$1,696$1,259$923$670$255
27 years$2,145$1,596$1,169$845$604$219
28 years$2,046$1,504$1,087$774$545$189
29 years$1,954$1,418$1,011$710$493$163
30 years$1,869$1,340$942$652$445$140
31 years$1,789$1,266$878$599$402$121
32 years$1,714$1,198$819$550$364$104
33 years$1,644$1,135$765$506$329$90
34 years$1,578$1,076$715$465$298$78
35 years$1,516$1,020$668$428$270$67
36 years$1,458$968$625$395$245$58
37 years$1,403$920$585$364$222$50
38 years$1,351$874$548$335$201$43
39 years$1,302$831$513$309$182$37
40 years$1,255$791$481$285$165$32
41 years$1,211$753$451$263$150$28
42 years$1,169$717$423$243$136$24
43 years$1,129$683$397$224$124$21
44 years$1,091$651$373$207$112$18
45 years$1,054$621$350$191$102$15
46 years$1,020$592$329$176$92$13
47 years$987$565$309$163$84$11
48 years$955$539$290$151$76$10
49 years$925$515$273$139$69$9
50 years$896$492$257$129$63$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $918,000, adding $3,133 every year, while hoping to spend $56,836 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: 58/33/9 Blend
65$918,000$918,000$918,000$918,000
66$1,014,868$966,214$951,985$1,071,433
67$1,057,911$953,085$923,403$1,096,732
68$1,103,440$937,408$891,959$1,117,630
69$1,151,648$918,998$857,497$1,139,018
70$1,202,747$897,660$819,853$1,160,949
71$1,256,966$873,185$778,858$1,183,482
72$1,314,560$845,354$734,333$1,206,687
73$1,375,804$813,935$686,092$1,230,642
74$1,441,000$778,682$633,940$1,255,439
75$1,510,480$739,335$577,675$1,281,178
76$1,584,605$695,619$517,083$1,307,978
77$1,663,773$647,242$451,943$1,335,971
78$1,748,418$593,897$382,024$1,365,306
79$1,839,017$535,259$307,083$1,396,154
80$1,936,094$470,984$226,867$1,428,707
81$2,040,222$400,708$141,113$1,463,181
82$2,152,031$324,049$49,546$1,499,821
83$2,272,210$240,600$0$1,538,900
84$2,401,519$149,933$0$1,585,354
85$2,540,790$51,596$0$1,640,282
86$2,690,938$0$0$1,699,340
87$2,852,967$0$0$1,782,927
88$3,027,981$0$0$1,893,511
89$3,217,193$0$0$2,013,129
90$3,421,936$0$0$2,142,633
91$3,643,674$0$0$2,282,957
92$3,884,021$0$0$2,435,129
93$4,144,746$0$0$2,600,282
94$4,427,799$0$0$2,779,659
95$4,735,322$0$0$2,974,627
96$5,069,674$0$0$3,186,693
97$5,433,446$0$0$3,417,512
98$5,829,494$0$0$3,668,907
99$6,260,956$0$0$3,942,883
100$6,731,288$0$0$4,241,646