Can I retire at age 66 with 930,000?

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 $930,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$76,799$76,114$75,447$74,796$74,160$73,723
2 years$38,019$37,311$36,625$35,959$35,314$34,874
3 years$25,094$24,383$23,699$23,040$22,405$21,974
4 years$18,633$17,924$17,247$16,599$15,979$15,562
5 years$14,757$14,053$13,384$12,749$12,147$11,744
6 years$12,175$11,475$10,816$10,196$9,612$9,223
7 years$10,330$9,637$8,988$8,383$7,817$7,443
8 years$8,948$8,261$7,623$7,032$6,485$6,126
9 years$7,873$7,192$6,566$5,990$5,461$5,118
10 years$7,014$6,340$5,724$5,163$4,653$4,325
11 years$6,311$5,644$5,039$4,493$4,002$3,688
12 years$5,726$5,066$4,472$3,941$3,468$3,168
13 years$5,231$4,578$3,996$3,480$3,024$2,738
14 years$4,808$4,161$3,590$3,089$2,651$2,379
15 years$4,441$3,801$3,241$2,755$2,334$2,075
16 years$4,120$3,488$2,939$2,467$2,063$1,817
17 years$3,838$3,212$2,674$2,216$1,829$1,596
18 years$3,587$2,968$2,441$1,997$1,626$1,405
19 years$3,362$2,751$2,235$1,805$1,450$1,240
20 years$3,161$2,556$2,051$1,634$1,295$1,097
21 years$2,979$2,381$1,887$1,483$1,159$971
22 years$2,813$2,222$1,739$1,349$1,039$862
23 years$2,662$2,079$1,605$1,228$932$766
24 years$2,524$1,948$1,485$1,120$838$681
25 years$2,398$1,828$1,375$1,023$754$606
26 years$2,281$1,718$1,275$935$679$540
27 years$2,173$1,617$1,184$856$612$482
28 years$2,073$1,523$1,101$785$553$430
29 years$1,980$1,437$1,025$719$499$384
30 years$1,893$1,357$954$660$451$343
31 years$1,812$1,283$890$606$408$307
32 years$1,736$1,214$830$557$369$274
33 years$1,665$1,150$775$512$334$245
34 years$1,599$1,090$724$472$302$220
35 years$1,536$1,033$677$434$274$197
36 years$1,477$981$633$400$248$176
37 years$1,421$932$593$368$225$158
38 years$1,369$885$555$339$204$141
39 years$1,319$842$520$313$185$127
40 years$1,271$801$488$289$168$113
41 years$1,227$762$457$266$152$102
42 years$1,184$726$429$246$138$91
43 years$1,144$692$402$227$125$82
44 years$1,105$659$378$210$114$73
45 years$1,068$629$355$194$103$66
46 years$1,033$600$333$179$94$59
47 years$1,000$573$313$165$85$53
48 years$968$547$294$153$77$47
49 years$937$522$276$141$70$43
50 years$908$499$260$130$64$38

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $930,000, adding $6,919 every year, while hoping to spend $36,825 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: 65/28/7 Blend
65$930,000$930,000$930,000$930,000
66$1,031,997$982,707$968,292$1,097,323
67$1,098,079$991,678$961,548$1,150,620
68$1,169,667$999,855$953,344$1,203,809
69$1,247,285$1,007,159$943,593$1,260,951
70$1,331,506$1,013,507$932,201$1,322,427
71$1,422,963$1,018,813$919,073$1,388,658
72$1,522,351$1,022,981$904,108$1,460,106
73$1,630,436$1,025,912$887,201$1,537,284
74$1,748,059$1,027,500$868,240$1,620,754
75$1,876,145$1,027,632$847,111$1,711,139
76$2,015,715$1,026,189$823,692$1,809,125
77$2,167,890$1,023,044$797,857$1,915,469
78$2,333,903$1,018,061$769,474$2,031,006
79$2,515,113$1,011,099$738,404$2,156,658
80$2,713,017$1,002,004$704,502$2,293,439
81$2,929,259$990,617$667,618$2,442,473
82$3,165,653$976,766$627,592$2,604,995
83$3,424,193$960,272$584,260$2,782,370
84$3,707,078$940,942$537,450$2,976,103
85$4,016,725$918,574$486,980$3,187,854
86$4,355,800$892,953$432,663$3,419,456
87$4,727,236$863,852$374,301$3,672,929
88$5,134,263$831,029$311,689$3,950,501
89$5,580,439$794,231$244,612$4,254,631
90$6,069,684$753,189$172,847$4,588,032
91$6,606,313$707,616$96,158$4,953,693
92$7,195,080$657,212$14,302$5,354,914
93$7,841,221$601,659$0$5,795,334
94$8,550,504$540,619$0$6,284,424
95$9,329,283$473,736$0$6,822,647
96$10,184,556$400,635$0$7,413,837
97$11,124,033$320,919$0$8,063,400
98$12,156,207$234,167$0$8,777,297
99$13,290,434$139,935$0$9,562,099
100$14,537,024$37,757$0$10,425,053