Can I retire at age 66 with 919,000?

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 $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 $2,252 every year, while hoping to spend $39,147 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: 60/28/12 Blend
65$919,000$919,000$919,000$919,000
66$1,015,061$966,354$952,109$1,072,893
67$1,076,945$972,053$942,353$1,117,746
68$1,143,829$976,720$930,958$1,162,031
69$1,216,182$980,261$917,827$1,209,390
70$1,294,519$982,581$902,861$1,260,121
71$1,379,407$983,574$885,953$1,314,557
72$1,471,468$983,130$866,994$1,373,063
73$1,571,386$981,132$845,867$1,436,044
74$1,679,916$977,456$822,452$1,503,945
75$1,797,886$971,970$796,623$1,577,261
76$1,926,208$964,534$768,247$1,656,536
77$2,065,883$954,999$737,186$1,742,374
78$2,218,017$943,207$703,295$1,835,439
79$2,383,823$928,992$666,423$1,936,467
80$2,564,637$912,177$626,413$2,046,271
81$2,761,930$892,574$583,098$2,165,747
82$2,977,323$869,985$536,307$2,295,886
83$3,212,596$844,201$485,859$2,437,784
84$3,469,711$814,998$431,567$2,592,648
85$3,750,830$782,141$373,232$2,761,814
86$4,058,330$745,381$310,651$2,946,755
87$4,394,829$704,454$243,608$3,149,100
88$4,763,212$659,083$171,879$3,370,645
89$5,166,654$608,972$95,230$3,613,374
90$5,608,650$553,809$13,419$3,879,479
91$6,093,053$493,266$0$4,171,376
92$6,624,103$426,995$0$4,501,197
93$7,206,471$354,627$0$4,864,874
94$7,845,302$275,775$0$5,263,976
95$8,546,263$190,028$0$5,702,129
96$9,315,595$96,952$0$6,183,332
97$10,160,173$0$0$6,711,997
98$11,087,572$0$0$7,294,194
99$12,106,134$0$0$7,966,504
100$13,225,049$0$0$8,705,132