Can I retire at age 66 with 919,000?

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 $919,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$75,890$75,214$74,555$73,911$73,282$71,950
2 years$37,569$36,870$36,192$35,534$34,896$33,559
3 years$24,797$24,095$23,418$22,767$22,140$20,839
4 years$18,413$17,712$17,043$16,402$15,790$14,536
5 years$14,583$13,887$13,226$12,599$12,003$10,799
6 years$12,031$11,339$10,688$10,075$9,498$8,345
7 years$10,208$9,523$8,882$8,283$7,724$6,623
8 years$8,842$8,163$7,533$6,949$6,408$5,358
9 years$7,780$7,107$6,488$5,919$5,397$4,397
10 years$6,931$6,265$5,656$5,102$4,598$3,649
11 years$6,236$5,577$4,980$4,440$3,955$3,054
12 years$5,658$5,006$4,419$3,895$3,427$2,574
13 years$5,170$4,524$3,948$3,438$2,988$2,182
14 years$4,751$4,112$3,548$3,052$2,620$1,858
15 years$4,388$3,756$3,203$2,722$2,306$1,588
16 years$4,072$3,446$2,904$2,437$2,038$1,362
17 years$3,792$3,174$2,643$2,190$1,807$1,171
18 years$3,544$2,933$2,412$1,974$1,607$1,009
19 years$3,323$2,718$2,208$1,783$1,432$872
20 years$3,123$2,526$2,027$1,615$1,279$754
21 years$2,943$2,353$1,864$1,466$1,145$653
22 years$2,780$2,196$1,718$1,333$1,026$566
23 years$2,631$2,054$1,586$1,214$921$492
24 years$2,495$1,924$1,467$1,107$828$427
25 years$2,369$1,806$1,359$1,011$745$372
26 years$2,254$1,697$1,260$924$671$323
27 years$2,147$1,597$1,170$846$605$282
28 years$2,048$1,505$1,088$775$546$245
29 years$1,956$1,420$1,012$711$493$214
30 years$1,871$1,341$943$652$446$186
31 years$1,791$1,268$879$599$403$163
32 years$1,716$1,200$820$551$364$142
33 years$1,646$1,136$766$506$330$124
34 years$1,580$1,077$716$466$299$108
35 years$1,518$1,021$669$429$270$94
36 years$1,460$969$626$395$245$82
37 years$1,404$921$586$364$222$72
38 years$1,352$875$549$335$201$63
39 years$1,303$832$514$309$183$55
40 years$1,256$792$482$285$166$48
41 years$1,212$753$452$263$150$42
42 years$1,170$718$424$243$136$37
43 years$1,130$684$398$224$124$32
44 years$1,092$652$373$207$112$28
45 years$1,056$621$350$191$102$24
46 years$1,021$593$329$177$93$21
47 years$988$566$309$163$84$19
48 years$956$540$291$151$76$16
49 years$926$516$273$139$69$14
50 years$897$493$257$129$63$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $919,000, adding $2,663 every year, while hoping to spend $42,590 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: 76/16/8 Blend
65$919,000$919,000$919,000$919,000
66$1,015,485$966,778$952,533$1,091,267
67$1,073,749$968,835$939,128$1,143,532
68$1,136,528$969,565$923,846$1,195,096
69$1,204,239$968,858$906,579$1,250,388
70$1,277,337$966,598$887,216$1,309,763
71$1,356,325$962,661$865,637$1,373,610
72$1,441,754$956,914$841,719$1,442,358
73$1,534,229$949,220$815,333$1,516,482
74$1,634,418$939,429$786,344$1,596,503
75$1,743,052$927,384$754,610$1,682,997
76$1,860,937$912,920$719,983$1,776,599
77$1,988,960$895,860$682,310$1,878,008
78$2,128,094$876,018$641,428$1,987,997
79$2,279,413$853,196$597,169$2,107,416
80$2,444,095$827,184$549,356$2,237,204
81$2,623,438$797,762$497,805$2,378,395
82$2,818,871$764,694$442,323$2,532,131
83$3,031,964$727,733$382,710$2,699,669
84$3,264,449$686,616$318,755$2,882,397
85$3,518,229$641,067$250,239$3,081,846
86$3,795,400$590,790$176,934$3,299,702
87$4,098,269$535,477$98,599$3,537,827
88$4,429,376$474,800$14,986$3,798,273
89$4,791,519$408,411$0$4,083,301
90$5,187,775$335,945$0$4,401,746
91$5,621,537$257,015$0$4,751,799
92$6,096,538$171,213$0$5,135,237
93$6,616,890$78,107$0$5,555,431
94$7,187,120$0$0$6,016,098
95$7,812,216$0$0$6,525,341
96$8,497,670$0$0$7,098,870
97$9,249,532$0$0$7,727,999
98$10,074,464$0$0$8,418,308
99$10,979,806$0$0$9,175,943
100$11,973,641$0$0$10,007,675