Can I retire at age 66 with 922,000?

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 $922,000?

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$76,138$75,460$74,798$74,152$73,522$71,978
2 years$37,692$36,990$36,310$35,650$35,010$33,463
3 years$24,878$24,173$23,495$22,841$22,212$20,708
4 years$18,473$17,770$17,098$16,456$15,842$14,394
5 years$14,631$13,932$13,269$12,640$12,043$10,654
6 years$12,070$11,376$10,723$10,108$9,529$8,202
7 years$10,241$9,554$8,911$8,310$7,750$6,484
8 years$8,871$8,189$7,557$6,971$6,429$5,224
9 years$7,805$7,130$6,509$5,938$5,414$4,270
10 years$6,953$6,285$5,675$5,119$4,613$3,528
11 years$6,257$5,595$4,996$4,455$3,967$2,940
12 years$5,677$5,022$4,434$3,907$3,438$2,467
13 years$5,186$4,538$3,961$3,450$2,998$2,081
14 years$4,766$4,125$3,559$3,062$2,628$1,764
15 years$4,403$3,769$3,214$2,731$2,314$1,500
16 years$4,085$3,458$2,914$2,445$2,045$1,280
17 years$3,805$3,184$2,651$2,197$1,813$1,095
18 years$3,556$2,942$2,420$1,980$1,612$939
19 years$3,333$2,727$2,216$1,789$1,437$807
20 years$3,134$2,534$2,033$1,620$1,284$694
21 years$2,953$2,360$1,870$1,471$1,149$598
22 years$2,789$2,203$1,724$1,337$1,030$516
23 years$2,640$2,061$1,592$1,218$924$446
24 years$2,503$1,931$1,472$1,111$831$385
25 years$2,377$1,812$1,363$1,014$748$333
26 years$2,261$1,703$1,264$927$673$288
27 years$2,154$1,603$1,174$849$607$249
28 years$2,055$1,510$1,091$778$548$216
29 years$1,963$1,425$1,016$713$495$187
30 years$1,877$1,345$946$655$447$162
31 years$1,797$1,272$882$601$404$141
32 years$1,722$1,203$823$552$366$122
33 years$1,651$1,140$768$508$331$106
34 years$1,585$1,080$718$467$300$92
35 years$1,523$1,025$671$430$271$80
36 years$1,464$972$628$396$246$69
37 years$1,409$924$588$365$223$60
38 years$1,357$878$550$337$202$52
39 years$1,307$835$516$310$183$45
40 years$1,261$794$483$286$166$39
41 years$1,216$756$453$264$151$34
42 years$1,174$720$425$244$137$30
43 years$1,134$686$399$225$124$26
44 years$1,095$654$374$208$113$22
45 years$1,059$623$352$192$102$19
46 years$1,024$595$330$177$93$17
47 years$991$568$310$164$84$15
48 years$959$542$292$151$77$13
49 years$929$517$274$140$70$11
50 years$900$494$258$129$63$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $922,000, adding $6,150 every year, while hoping to spend $21,095 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: 63/28/9 Blend
65$922,000$922,000$922,000$922,000
66$1,022,388$973,522$959,231$1,084,455
67$1,104,226$998,779$968,920$1,151,924
68$1,193,706$1,024,568$978,227$1,222,543
69$1,291,582$1,050,890$987,116$1,299,112
70$1,398,690$1,077,750$995,551$1,382,208
71$1,515,947$1,105,151$1,003,493$1,472,464
72$1,644,364$1,133,093$1,010,900$1,570,580
73$1,785,054$1,161,579$1,017,730$1,677,324
74$1,939,242$1,190,610$1,023,937$1,793,544
75$2,108,279$1,220,184$1,029,473$1,920,173
76$2,293,652$1,250,302$1,034,289$2,058,237
77$2,496,998$1,280,960$1,038,331$2,208,869
78$2,720,122$1,312,157$1,041,545$2,373,315
79$2,965,009$1,343,888$1,043,872$2,552,947
80$3,233,850$1,376,147$1,045,251$2,749,279
81$3,529,054$1,408,930$1,045,618$2,963,976
82$3,853,277$1,442,227$1,044,906$3,198,874
83$4,209,445$1,476,031$1,043,044$3,455,994
84$4,600,781$1,510,329$1,039,959$3,737,564
85$5,030,836$1,545,110$1,035,573$4,046,039
86$5,503,521$1,580,359$1,029,804$4,384,122
87$6,023,145$1,616,062$1,022,567$4,754,792
88$6,594,455$1,652,199$1,013,773$5,161,333
89$7,222,684$1,688,751$1,003,328$5,607,362
90$7,913,593$1,725,695$991,135$6,096,863
91$8,673,532$1,763,006$977,091$6,634,227
92$9,509,496$1,800,658$961,087$7,224,295
93$10,429,194$1,838,619$943,013$7,872,397
94$11,441,117$1,876,857$922,749$8,584,410
95$12,554,623$1,915,335$900,173$9,366,806
96$13,780,021$1,954,013$875,156$10,226,722
97$15,128,673$1,992,849$847,563$11,172,018
98$16,613,094$2,031,795$817,253$12,211,357
99$18,247,077$2,070,800$784,078$13,354,286
100$20,045,818$2,109,809$747,884$14,611,327