Can I retire at age 66 with 927,000?

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 $927,000?

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$76,551$75,869$75,204$74,554$73,920$72,547
2 years$37,896$37,191$36,507$35,843$35,200$33,821
3 years$25,013$24,304$23,622$22,965$22,332$20,991
4 years$18,573$17,866$17,191$16,545$15,928$14,635
5 years$14,710$14,007$13,341$12,708$12,108$10,867
6 years$12,135$11,438$10,781$10,163$9,581$8,393
7 years$10,297$9,606$8,959$8,355$7,792$6,657
8 years$8,919$8,234$7,598$7,009$6,464$5,383
9 years$7,848$7,169$6,544$5,970$5,444$4,415
10 years$6,991$6,319$5,706$5,146$4,638$3,661
11 years$6,291$5,626$5,023$4,479$3,989$3,063
12 years$5,708$5,049$4,458$3,929$3,457$2,580
13 years$5,215$4,563$3,983$3,468$3,014$2,185
14 years$4,792$4,148$3,579$3,079$2,642$1,860
15 years$4,427$3,789$3,231$2,746$2,327$1,588
16 years$4,107$3,476$2,929$2,459$2,056$1,361
17 years$3,825$3,202$2,666$2,209$1,823$1,170
18 years$3,575$2,958$2,433$1,991$1,621$1,007
19 years$3,352$2,742$2,228$1,799$1,445$869
20 years$3,151$2,548$2,044$1,629$1,291$751
21 years$2,969$2,373$1,880$1,479$1,155$650
22 years$2,804$2,215$1,733$1,344$1,035$564
23 years$2,654$2,072$1,600$1,224$929$489
24 years$2,516$1,941$1,480$1,117$835$424
25 years$2,390$1,822$1,371$1,020$752$369
26 years$2,273$1,712$1,271$932$677$321
27 years$2,166$1,611$1,180$854$610$279
28 years$2,066$1,518$1,097$782$551$243
29 years$1,973$1,432$1,021$717$497$211
30 years$1,887$1,353$951$658$449$184
31 years$1,806$1,279$887$604$406$161
32 years$1,731$1,210$827$555$368$140
33 years$1,660$1,146$773$511$333$122
34 years$1,594$1,086$722$470$301$106
35 years$1,531$1,030$675$433$273$93
36 years$1,472$978$631$398$247$81
37 years$1,417$929$591$367$224$71
38 years$1,364$883$553$338$203$62
39 years$1,314$839$518$312$184$54
40 years$1,267$798$486$288$167$47
41 years$1,223$760$456$266$152$41
42 years$1,180$724$427$245$137$36
43 years$1,140$690$401$226$125$31
44 years$1,101$657$376$209$113$27
45 years$1,065$627$353$193$103$24
46 years$1,030$598$332$178$93$21
47 years$997$571$312$165$85$18
48 years$965$545$293$152$77$16
49 years$934$520$276$141$70$14
50 years$905$497$259$130$64$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $927,000, adding $4,512 every year, while hoping to spend $21,327 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: 48/30/22 Blend
65$927,000$927,000$927,000$927,000
66$1,026,208$977,077$962,709$1,068,870
67$1,108,190$1,002,262$972,268$1,124,276
68$1,197,818$1,027,966$981,432$1,181,910
69$1,295,852$1,054,193$990,166$1,244,057
70$1,403,125$1,080,944$998,432$1,311,152
71$1,520,554$1,108,221$1,006,191$1,383,672
72$1,649,153$1,136,026$1,013,400$1,462,142
73$1,790,034$1,164,359$1,020,016$1,547,142
74$1,944,423$1,193,218$1,025,993$1,639,311
75$2,113,673$1,222,604$1,031,282$1,739,350
76$2,299,269$1,252,514$1,035,832$1,848,036
77$2,502,852$1,282,944$1,039,590$1,966,220
78$2,726,225$1,313,891$1,042,498$2,094,846
79$2,971,377$1,345,349$1,044,499$2,234,947
80$3,240,498$1,377,311$1,045,530$2,387,668
81$3,535,999$1,409,769$1,045,525$2,554,265
82$3,860,537$1,442,715$1,044,417$2,736,128
83$4,217,041$1,476,136$1,042,134$2,934,783
84$4,608,733$1,510,021$1,038,600$3,151,916
85$5,039,168$1,544,356$1,033,736$3,389,384
86$5,512,257$1,579,124$1,027,461$3,649,233
87$6,032,313$1,614,307$1,019,686$3,933,718
88$6,604,086$1,649,884$1,010,322$4,245,324
89$7,232,808$1,685,834$999,274$4,586,792
90$7,924,246$1,722,132$986,441$4,961,140
91$8,684,752$1,758,749$971,720$5,371,697
92$9,521,325$1,795,656$955,000$5,822,131
93$10,441,676$1,832,819$936,169$6,316,484
94$11,454,302$1,870,202$915,106$6,859,212
95$12,568,564$1,907,766$891,686$7,455,225
96$13,794,778$1,945,467$865,777$8,109,938
97$15,144,309$1,983,258$837,244$8,829,316
98$16,629,679$2,021,088$805,943$9,619,934
99$18,264,688$2,058,903$771,723$10,489,041
100$20,064,539$2,096,642$734,429$11,444,624