Can I retire at age 66 with 928,000?

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 $928,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$76,633$75,951$75,285$74,635$74,000$72,924
2 years$37,937$37,231$36,546$35,882$35,238$34,157
3 years$25,040$24,331$23,648$22,990$22,357$21,303
4 years$18,593$17,886$17,209$16,563$15,945$14,927
5 years$14,726$14,023$13,355$12,722$12,121$11,142
6 years$12,148$11,450$10,793$10,174$9,591$8,652
7 years$10,308$9,616$8,969$8,364$7,800$6,902
8 years$8,929$8,243$7,606$7,017$6,471$5,613
9 years$7,856$7,177$6,551$5,977$5,449$4,631
10 years$6,999$6,326$5,712$5,152$4,643$3,864
11 years$6,298$5,632$5,028$4,484$3,993$3,253
12 years$5,714$5,055$4,463$3,933$3,460$2,757
13 years$5,220$4,568$3,987$3,472$3,018$2,351
14 years$4,797$4,152$3,582$3,082$2,645$2,014
15 years$4,431$3,793$3,234$2,749$2,329$1,732
16 years$4,111$3,480$2,933$2,461$2,058$1,495
17 years$3,829$3,205$2,668$2,211$1,825$1,294
18 years$3,579$2,962$2,436$1,993$1,623$1,122
19 years$3,355$2,745$2,230$1,801$1,446$976
20 years$3,154$2,551$2,047$1,631$1,292$850
21 years$2,972$2,376$1,882$1,480$1,156$741
22 years$2,807$2,218$1,735$1,346$1,036$647
23 years$2,657$2,074$1,602$1,226$930$566
24 years$2,519$1,943$1,482$1,118$836$495
25 years$2,393$1,824$1,372$1,021$752$434
26 years$2,276$1,714$1,273$933$678$380
27 years$2,168$1,613$1,182$854$611$333
28 years$2,068$1,520$1,099$783$551$292
29 years$1,975$1,434$1,022$718$498$257
30 years$1,889$1,354$952$659$450$226
31 years$1,808$1,280$888$605$407$198
32 years$1,733$1,211$828$556$368$174
33 years$1,662$1,147$773$511$333$153
34 years$1,595$1,087$723$471$301$135
35 years$1,533$1,031$676$433$273$118
36 years$1,474$979$632$399$247$104
37 years$1,418$930$592$368$224$92
38 years$1,366$883$554$339$203$81
39 years$1,316$840$519$312$184$71
40 years$1,269$799$486$288$167$63
41 years$1,224$761$456$266$152$55
42 years$1,181$725$428$245$138$48
43 years$1,141$690$402$226$125$43
44 years$1,103$658$377$209$113$38
45 years$1,066$628$354$193$103$33
46 years$1,031$599$332$178$93$29
47 years$998$571$312$165$85$26
48 years$966$545$293$152$77$23
49 years$935$521$276$141$70$20
50 years$906$497$259$130$64$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $928,000, adding $6,052 every year, while hoping to spend $20,384 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: 52/28/20 Blend
65$928,000$928,000$928,000$928,000
66$1,028,899$979,715$965,331$1,076,437
67$1,112,158$1,006,032$975,981$1,136,131
68$1,203,226$1,032,956$986,305$1,198,409
69$1,302,879$1,060,495$996,269$1,265,714
70$1,411,970$1,088,656$1,005,841$1,338,531
71$1,531,438$1,117,447$1,014,984$1,417,392
72$1,662,318$1,146,875$1,023,659$1,502,886
73$1,805,750$1,176,948$1,031,828$1,595,658
74$1,962,989$1,207,671$1,039,447$1,696,422
75$2,135,418$1,239,051$1,046,472$1,805,962
76$2,324,559$1,271,093$1,052,858$1,925,143
77$2,532,090$1,303,802$1,058,554$2,054,917
78$2,759,857$1,337,182$1,063,509$2,196,334
79$3,009,895$1,371,237$1,067,669$2,350,549
80$3,284,445$1,405,969$1,070,978$2,518,835
81$3,585,978$1,441,381$1,073,375$2,702,597
82$3,917,212$1,477,473$1,074,797$2,903,380
83$4,281,144$1,514,245$1,075,179$3,122,888
84$4,681,076$1,551,698$1,074,452$3,362,997
85$5,120,642$1,589,828$1,072,544$3,625,776
86$5,603,851$1,628,633$1,069,377$3,913,505
87$6,135,115$1,668,107$1,064,872$4,228,694
88$6,719,298$1,708,245$1,058,947$4,574,112
89$7,361,757$1,749,040$1,051,512$4,952,809
90$8,068,395$1,790,482$1,042,477$5,368,145
91$8,845,717$1,832,561$1,031,745$5,823,825
92$9,700,886$1,875,263$1,019,215$6,323,929
93$10,641,800$1,918,574$1,004,782$6,872,958
94$11,677,157$1,962,478$988,335$7,475,867
95$12,816,542$2,006,954$969,759$8,138,119
96$14,070,516$2,051,981$948,933$8,865,737
97$15,450,715$2,097,536$925,729$9,665,354
98$16,969,963$2,143,590$900,016$10,544,284
99$18,642,388$2,190,114$871,655$11,510,584
100$20,483,557$2,237,075$840,501$12,573,136