Can I retire at age 66 with 925,000?

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 $925,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.9%
1 years$76,386$75,705$75,041$74,393$73,761$71,400
2 years$37,815$37,110$36,428$35,766$35,124$32,767
3 years$24,959$24,252$23,571$22,916$22,284$20,005
4 years$18,533$17,828$17,154$16,509$15,893$13,710
5 years$14,678$13,977$13,312$12,681$12,082$10,000
6 years$12,109$11,413$10,758$10,141$9,560$7,581
7 years$10,275$9,585$8,940$8,337$7,775$5,899
8 years$8,900$8,216$7,582$6,994$6,450$4,676
9 years$7,831$7,154$6,530$5,957$5,432$3,757
10 years$6,976$6,306$5,693$5,135$4,628$3,051
11 years$6,277$5,613$5,012$4,469$3,980$2,497
12 years$5,695$5,038$4,448$3,920$3,449$2,057
13 years$5,203$4,553$3,974$3,461$3,008$1,703
14 years$4,782$4,139$3,571$3,072$2,637$1,416
15 years$4,417$3,781$3,224$2,740$2,322$1,181
16 years$4,098$3,469$2,923$2,453$2,052$988
17 years$3,817$3,195$2,660$2,204$1,819$828
18 years$3,567$2,952$2,428$1,986$1,618$696
19 years$3,344$2,736$2,223$1,795$1,442$585
20 years$3,144$2,542$2,040$1,626$1,288$493
21 years$2,963$2,368$1,876$1,475$1,152$416
22 years$2,798$2,211$1,729$1,341$1,033$351
23 years$2,648$2,067$1,597$1,222$927$296
24 years$2,511$1,937$1,477$1,114$833$250
25 years$2,385$1,818$1,368$1,018$750$212
26 years$2,269$1,708$1,269$930$676$179
27 years$2,161$1,608$1,178$852$609$152
28 years$2,062$1,515$1,095$780$550$128
29 years$1,969$1,429$1,019$716$496$109
30 years$1,883$1,350$949$657$448$92
31 years$1,802$1,276$885$603$405$78
32 years$1,727$1,207$826$554$367$66
33 years$1,657$1,143$771$510$332$56
34 years$1,590$1,084$720$469$300$47
35 years$1,528$1,028$673$432$272$40
36 years$1,469$976$630$398$247$34
37 years$1,414$927$590$366$223$29
38 years$1,361$881$552$338$203$25
39 years$1,312$837$517$311$184$21
40 years$1,265$797$485$287$167$18
41 years$1,220$758$455$265$151$15
42 years$1,178$722$426$245$137$13
43 years$1,137$688$400$226$125$11
44 years$1,099$656$376$208$113$9
45 years$1,062$626$353$192$103$8
46 years$1,028$597$331$178$93$7
47 years$994$569$311$164$85$6
48 years$963$544$292$152$77$5
49 years$932$519$275$140$70$4
50 years$903$496$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 $925,000, adding $3,493 every year, while hoping to spend $54,606 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: 49/30/21 Blend
65$925,000$925,000$925,000$925,000
66$1,022,953$973,928$959,591$1,066,876
67$1,069,194$963,550$933,636$1,087,371
68$1,118,321$950,834$904,983$1,103,809
69$1,170,572$935,606$873,481$1,120,530
70$1,226,204$917,685$838,977$1,137,582
71$1,285,503$896,878$801,309$1,155,022
72$1,348,778$872,978$760,307$1,172,918
73$1,416,370$845,771$715,794$1,191,347
74$1,488,652$815,026$667,585$1,210,397
75$1,566,033$780,501$615,487$1,230,172
76$1,648,961$741,938$559,299$1,250,790
77$1,737,929$699,066$498,809$1,272,384
78$1,833,475$651,598$433,797$1,295,108
79$1,936,193$599,230$364,032$1,319,136
80$2,046,733$541,641$289,276$1,344,668
81$2,165,809$478,490$209,276$1,371,927
82$2,294,205$409,420$123,770$1,401,167
83$2,432,784$334,051$32,486$1,432,675
84$2,582,491$251,983$0$1,466,775
85$2,744,368$162,793$0$1,518,380
86$2,919,558$66,035$0$1,582,064
87$3,109,318$0$0$1,651,071
88$3,315,031$0$0$1,738,787
89$3,538,216$0$0$1,857,687
90$3,780,545$0$0$1,986,874
91$4,043,856$0$0$2,127,339
92$4,330,173$0$0$2,280,172
93$4,641,721$0$0$2,446,574
94$4,980,947$0$0$2,627,863
95$5,350,545$0$0$2,825,494
96$5,753,482$0$0$3,041,065
97$6,193,019$0$0$3,276,337
98$6,672,748$0$0$3,533,247
99$7,196,623$0$0$3,813,927
100$7,768,996$0$0$4,120,725