Can I retire at age 66 with 929,000?

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 $929,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.1%
1 years$76,716$76,033$75,366$74,715$74,080$71,939
2 years$37,978$37,271$36,585$35,921$35,276$33,136
3 years$25,067$24,357$23,673$23,015$22,381$20,309
4 years$18,613$17,905$17,228$16,581$15,962$13,974
5 years$14,742$14,038$13,370$12,736$12,134$10,236
6 years$12,161$11,463$10,805$10,185$9,601$7,794
7 years$10,319$9,626$8,979$8,374$7,808$6,092
8 years$8,938$8,252$7,615$7,024$6,478$4,852
9 years$7,865$7,185$6,559$5,983$5,455$3,918
10 years$7,006$6,333$5,718$5,158$4,648$3,197
11 years$6,304$5,638$5,034$4,489$3,998$2,630
12 years$5,720$5,060$4,467$3,937$3,464$2,178
13 years$5,226$4,573$3,991$3,476$3,021$1,813
14 years$4,803$4,157$3,586$3,086$2,648$1,516
15 years$4,436$3,797$3,238$2,752$2,332$1,272
16 years$4,116$3,484$2,936$2,464$2,061$1,070
17 years$3,833$3,208$2,671$2,214$1,827$902
18 years$3,583$2,965$2,439$1,995$1,625$762
19 years$3,359$2,748$2,232$1,803$1,448$645
20 years$3,157$2,553$2,049$1,633$1,293$547
21 years$2,975$2,378$1,884$1,482$1,157$464
22 years$2,810$2,220$1,737$1,347$1,037$394
23 years$2,660$2,076$1,604$1,227$931$335
24 years$2,522$1,945$1,483$1,119$837$285
25 years$2,395$1,826$1,374$1,022$753$242
26 years$2,278$1,716$1,274$934$678$206
27 years$2,171$1,615$1,183$855$612$176
28 years$2,071$1,522$1,100$784$552$150
29 years$1,978$1,435$1,023$719$498$128
30 years$1,891$1,356$953$660$450$109
31 years$1,810$1,282$889$606$407$93
32 years$1,735$1,213$829$557$368$79
33 years$1,664$1,148$774$512$333$68
34 years$1,597$1,088$723$471$302$58
35 years$1,534$1,032$676$434$273$49
36 years$1,475$980$633$399$248$42
37 years$1,420$931$592$368$224$36
38 years$1,367$884$555$339$203$31
39 years$1,317$841$520$313$185$26
40 years$1,270$800$487$288$167$22
41 years$1,225$762$457$266$152$19
42 years$1,183$725$428$246$138$16
43 years$1,142$691$402$227$125$14
44 years$1,104$659$377$209$114$12
45 years$1,067$628$354$193$103$10
46 years$1,032$599$333$179$94$9
47 years$999$572$313$165$85$7
48 years$967$546$294$152$77$6
49 years$936$521$276$141$70$5
50 years$907$498$260$130$64$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $929,000, adding $3,087 every year, while hoping to spend $40,744 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: 83/10/7 Blend
65$929,000$929,000$929,000$929,000
66$1,026,942$977,705$963,306$1,111,262
67$1,088,339$982,261$952,225$1,171,372
68$1,154,633$985,675$939,408$1,231,565
69$1,226,280$987,848$924,753$1,296,395
70$1,303,782$988,674$908,153$1,366,302
71$1,387,691$988,042$889,499$1,441,772
72$1,478,612$985,833$868,675$1,523,338
73$1,577,213$981,921$845,558$1,611,588
74$1,684,226$976,173$820,021$1,707,169
75$1,800,458$968,446$791,933$1,810,795
76$1,926,795$958,591$761,153$1,923,251
77$2,064,214$946,447$727,537$2,045,403
78$2,213,787$931,846$690,933$2,178,203
79$2,376,696$914,609$651,182$2,322,701
80$2,554,240$894,547$608,118$2,480,056
81$2,747,850$871,457$561,567$2,651,542
82$2,959,100$845,128$511,349$2,838,562
83$3,189,724$815,334$457,275$3,042,667
84$3,441,628$781,838$399,146$3,265,560
85$3,716,912$744,386$336,755$3,509,123
86$4,017,889$702,713$269,889$3,775,425
87$4,347,104$656,537$198,320$4,066,749
88$4,707,360$605,558$121,815$4,385,612
89$5,101,743$549,463$40,128$4,734,785
90$5,533,651$487,917$0$5,117,323
91$6,006,827$420,568$0$5,540,107
92$6,525,392$347,045$0$6,006,762
93$7,093,886$266,954$0$6,518,397
94$7,717,308$179,880$0$7,079,541
95$8,401,164$85,385$0$7,695,186
96$9,151,519$0$0$8,370,830
97$9,975,053$0$0$9,114,401
98$10,879,125$0$0$9,941,025
99$11,871,841$0$0$10,848,718
100$12,962,131$0$0$11,845,647