Can I retire at age 66 with 924,000?

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 $924,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.2%
1 years$76,303$75,623$74,960$74,313$73,681$71,237
2 years$37,774$37,070$36,388$35,727$35,086$32,648
3 years$24,932$24,226$23,546$22,891$22,260$19,903
4 years$18,513$17,809$17,135$16,492$15,876$13,619
5 years$14,662$13,962$13,298$12,667$12,069$9,918
6 years$12,096$11,401$10,747$10,130$9,550$7,507
7 years$10,264$9,575$8,930$8,328$7,766$5,831
8 years$8,890$8,207$7,574$6,987$6,443$4,614
9 years$7,822$7,146$6,523$5,951$5,426$3,701
10 years$6,968$6,299$5,687$5,130$4,623$2,999
11 years$6,270$5,607$5,007$4,464$3,976$2,450
12 years$5,689$5,033$4,443$3,916$3,446$2,014
13 years$5,198$4,548$3,970$3,457$3,005$1,664
14 years$4,777$4,134$3,567$3,069$2,634$1,381
15 years$4,412$3,777$3,221$2,737$2,319$1,149
16 years$4,094$3,465$2,920$2,451$2,050$959
17 years$3,813$3,191$2,657$2,202$1,817$802
18 years$3,564$2,949$2,425$1,984$1,616$672
19 years$3,341$2,733$2,220$1,793$1,440$564
20 years$3,140$2,540$2,038$1,624$1,286$474
21 years$2,959$2,366$1,874$1,474$1,151$399
22 years$2,795$2,208$1,728$1,340$1,032$336
23 years$2,645$2,065$1,595$1,220$926$283
24 years$2,508$1,935$1,475$1,113$833$239
25 years$2,382$1,816$1,366$1,017$749$201
26 years$2,266$1,707$1,267$929$675$170
27 years$2,159$1,606$1,177$851$608$144
28 years$2,059$1,513$1,094$779$549$121
29 years$1,967$1,428$1,018$715$496$102
30 years$1,881$1,348$948$656$448$87
31 years$1,800$1,275$884$602$405$73
32 years$1,725$1,206$825$554$366$62
33 years$1,655$1,142$770$509$332$52
34 years$1,589$1,083$720$468$300$44
35 years$1,526$1,027$673$431$272$37
36 years$1,468$975$629$397$246$32
37 years$1,412$926$589$366$223$27
38 years$1,360$880$552$337$202$23
39 years$1,310$836$517$311$184$19
40 years$1,263$796$484$287$166$16
41 years$1,219$758$454$265$151$14
42 years$1,176$721$426$244$137$12
43 years$1,136$687$400$225$124$10
44 years$1,098$655$375$208$113$8
45 years$1,061$625$352$192$102$7
46 years$1,027$596$331$178$93$6
47 years$993$569$311$164$84$5
48 years$962$543$292$152$77$4
49 years$931$519$275$140$70$4
50 years$902$495$258$130$63$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $924,000, adding $6,327 every year, while hoping to spend $31,985 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: 79/10/11 Blend
65$924,000$924,000$924,000$924,000
66$1,024,774$975,802$961,480$1,103,234
67$1,095,269$989,585$959,658$1,169,460
68$1,171,883$1,002,971$956,703$1,237,322
69$1,255,206$1,015,907$952,543$1,310,844
70$1,345,887$1,028,336$947,103$1,390,576
71$1,444,640$1,040,198$940,304$1,477,125
72$1,552,253$1,051,427$932,064$1,571,160
73$1,669,591$1,061,955$922,296$1,673,418
74$1,797,606$1,071,707$910,910$1,784,709
75$1,937,346$1,080,606$897,810$1,905,927
76$2,089,967$1,088,566$882,897$2,038,057
77$2,256,737$1,095,500$866,068$2,182,185
78$2,439,056$1,101,311$847,213$2,339,504
79$2,638,464$1,105,899$826,219$2,511,334
80$2,856,656$1,109,157$802,966$2,699,124
81$3,095,499$1,110,970$777,330$2,904,475
82$3,357,049$1,111,217$749,180$3,129,149
83$3,643,571$1,109,769$718,380$3,375,088
84$3,957,557$1,106,490$684,787$3,644,432
85$4,301,753$1,101,233$648,253$3,939,539
86$4,679,184$1,093,846$608,621$4,263,009
87$5,093,180$1,084,164$565,730$4,617,707
88$5,547,411$1,072,014$519,408$5,006,788
89$6,045,917$1,057,213$469,478$5,433,732
90$6,593,149$1,039,565$415,755$5,902,372
91$7,194,012$1,018,865$358,044$6,416,934
92$7,853,906$994,895$296,144$6,982,074
93$8,578,782$967,422$229,842$7,602,925
94$9,375,194$936,202$158,917$8,285,141
95$10,250,363$900,975$83,141$9,034,957
96$11,212,245$861,468$2,271$9,859,242
97$12,269,604$817,389$0$10,765,567
98$13,432,095$768,433$0$11,772,139
99$14,710,357$714,274$0$12,879,218
100$16,116,109$654,569$0$14,096,704