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%14.5%
1 years$75,890$75,214$74,555$73,911$73,282$71,920
2 years$37,569$36,870$36,192$35,534$34,896$33,529
3 years$24,797$24,095$23,418$22,767$22,140$20,810
4 years$18,413$17,712$17,043$16,402$15,790$14,508
5 years$14,583$13,887$13,226$12,599$12,003$10,773
6 years$12,031$11,339$10,688$10,075$9,498$8,320
7 years$10,208$9,523$8,882$8,283$7,724$6,600
8 years$8,842$8,163$7,533$6,949$6,408$5,336
9 years$7,780$7,107$6,488$5,919$5,397$4,377
10 years$6,931$6,265$5,656$5,102$4,598$3,630
11 years$6,236$5,577$4,980$4,440$3,955$3,036
12 years$5,658$5,006$4,419$3,895$3,427$2,557
13 years$5,170$4,524$3,948$3,438$2,988$2,166
14 years$4,751$4,112$3,548$3,052$2,620$1,843
15 years$4,388$3,756$3,203$2,722$2,306$1,575
16 years$4,072$3,446$2,904$2,437$2,038$1,350
17 years$3,792$3,174$2,643$2,190$1,807$1,160
18 years$3,544$2,933$2,412$1,974$1,607$999
19 years$3,323$2,718$2,208$1,783$1,432$862
20 years$3,123$2,526$2,027$1,615$1,279$745
21 years$2,943$2,353$1,864$1,466$1,145$645
22 years$2,780$2,196$1,718$1,333$1,026$559
23 years$2,631$2,054$1,586$1,214$921$485
24 years$2,495$1,924$1,467$1,107$828$421
25 years$2,369$1,806$1,359$1,011$745$366
26 years$2,254$1,697$1,260$924$671$318
27 years$2,147$1,597$1,170$846$605$277
28 years$2,048$1,505$1,088$775$546$241
29 years$1,956$1,420$1,012$711$493$210
30 years$1,871$1,341$943$652$446$183
31 years$1,791$1,268$879$599$403$159
32 years$1,716$1,200$820$551$364$139
33 years$1,646$1,136$766$506$330$121
34 years$1,580$1,077$716$466$299$105
35 years$1,518$1,021$669$429$270$92
36 years$1,460$969$626$395$245$80
37 years$1,404$921$586$364$222$70
38 years$1,352$875$549$335$201$61
39 years$1,303$832$514$309$183$53
40 years$1,256$792$482$285$166$47
41 years$1,212$753$452$263$150$41
42 years$1,170$718$424$243$136$35
43 years$1,130$684$398$224$124$31
44 years$1,092$652$373$207$112$27
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$18
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 $5,655 every year, while hoping to spend $20,930 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: 77/7/16 Blend
65$919,000$919,000$919,000$919,000
66$1,018,571$969,864$955,620$1,093,027
67$1,100,196$995,118$965,364$1,168,209
68$1,189,445$1,020,908$974,732$1,247,445
69$1,287,074$1,047,238$983,691$1,333,765
70$1,393,915$1,074,112$992,204$1,427,870
71$1,510,884$1,101,533$1,000,233$1,530,531
72$1,638,989$1,129,503$1,007,735$1,642,597
73$1,779,342$1,158,025$1,014,671$1,765,005
74$1,933,166$1,187,099$1,020,993$1,898,785
75$2,101,808$1,216,726$1,026,656$2,045,073
76$2,286,753$1,246,906$1,031,609$2,205,120
77$2,489,635$1,277,638$1,035,801$2,380,304
78$2,712,254$1,308,919$1,039,177$2,572,144
79$2,956,594$1,340,746$1,041,680$2,782,313
80$3,224,839$1,373,114$1,043,248$3,012,655
81$3,519,395$1,406,019$1,043,819$3,265,199
82$3,842,912$1,439,454$1,043,327$3,542,185
83$4,198,312$1,473,409$1,041,700$3,846,078
84$4,588,810$1,507,877$1,038,867$4,179,594
85$5,017,950$1,542,844$1,034,751$4,545,728
86$5,489,637$1,578,299$1,029,271$4,947,777
87$6,008,171$1,614,227$1,022,343$5,389,377
88$6,578,291$1,650,611$1,013,878$5,874,533
89$7,205,218$1,687,433$1,003,785$6,407,658
90$7,894,704$1,724,670$991,965$6,993,615
91$8,653,086$1,762,301$978,318$7,637,764
92$9,487,346$1,800,299$962,737$8,346,009
93$10,405,177$1,838,636$945,111$9,124,860
94$11,415,057$1,877,280$925,323$9,981,485
95$12,526,323$1,916,197$903,251$10,923,788
96$13,749,266$1,955,350$878,769$11,960,477
97$15,095,226$1,994,696$851,742$13,101,149
98$16,576,694$2,034,192$822,031$14,356,376
99$18,207,438$2,073,788$789,490$15,737,815
100$20,002,625$2,113,432$753,966$17,258,305