Can I retire at age 66 with 931,000?

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 $931,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.2%
1 years$76,881$76,196$75,528$74,876$74,239$72,356
2 years$38,060$37,351$36,664$35,998$35,352$33,467
3 years$25,121$24,409$23,724$23,064$22,429$20,601
4 years$18,653$17,943$17,265$16,617$15,996$14,240
5 years$14,773$14,068$13,398$12,763$12,160$10,480
6 years$12,188$11,487$10,828$10,207$9,622$8,019
7 years$10,341$9,647$8,998$8,392$7,825$6,300
8 years$8,957$8,269$7,631$7,039$6,492$5,044
9 years$7,882$7,200$6,573$5,996$5,467$4,095
10 years$7,021$6,346$5,730$5,169$4,658$3,361
11 years$6,318$5,650$5,045$4,498$4,006$2,781
12 years$5,732$5,071$4,477$3,946$3,472$2,317
13 years$5,237$4,583$4,000$3,483$3,027$1,940
14 years$4,813$4,166$3,594$3,092$2,654$1,632
15 years$4,446$3,805$3,245$2,758$2,337$1,378
16 years$4,125$3,491$2,942$2,469$2,065$1,167
17 years$3,842$3,215$2,677$2,219$1,831$990
18 years$3,591$2,971$2,444$1,999$1,628$842
19 years$3,366$2,754$2,237$1,807$1,451$718
20 years$3,164$2,559$2,053$1,636$1,296$612
21 years$2,982$2,383$1,889$1,485$1,160$523
22 years$2,816$2,225$1,741$1,350$1,040$447
23 years$2,665$2,081$1,607$1,230$933$383
24 years$2,527$1,950$1,486$1,121$839$328
25 years$2,400$1,830$1,377$1,024$755$281
26 years$2,283$1,720$1,277$936$680$241
27 years$2,175$1,618$1,186$857$613$207
28 years$2,075$1,525$1,102$785$553$178
29 years$1,982$1,439$1,026$720$499$153
30 years$1,895$1,359$955$661$451$131
31 years$1,814$1,284$891$607$408$113
32 years$1,738$1,215$831$558$369$97
33 years$1,667$1,151$776$513$334$83
34 years$1,601$1,091$725$472$302$72
35 years$1,538$1,035$678$435$274$62
36 years$1,479$982$634$400$248$53
37 years$1,423$933$593$369$225$46
38 years$1,370$886$556$340$204$39
39 years$1,320$843$521$313$185$34
40 years$1,273$802$488$289$168$29
41 years$1,228$763$458$267$152$25
42 years$1,185$727$429$246$138$21
43 years$1,145$693$403$227$125$18
44 years$1,106$660$378$210$114$16
45 years$1,069$630$355$194$103$14
46 years$1,034$601$333$179$94$12
47 years$1,001$573$313$165$85$10
48 years$969$547$294$153$77$9
49 years$938$522$277$141$70$7
50 years$909$499$260$130$64$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $931,000, adding $6,606 every year, while hoping to spend $50,949 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: 37/36/27 Blend
65$931,000$931,000$931,000$931,000
66$1,032,776$983,433$969,003$1,062,444
67$1,083,910$977,412$947,255$1,078,882
68$1,138,552$969,388$923,071$1,091,494
69$1,197,006$959,210$896,315$1,104,131
70$1,259,605$946,716$866,847$1,116,832
71$1,326,716$931,736$834,517$1,129,637
72$1,398,738$914,088$799,171$1,142,601
73$1,476,113$893,582$760,647$1,155,784
74$1,559,323$870,015$718,775$1,169,261
75$1,648,899$843,170$673,379$1,183,116
76$1,745,424$812,822$624,274$1,197,451
77$1,849,536$778,730$571,266$1,212,381
78$1,961,940$740,638$514,154$1,228,041
79$2,083,406$698,279$452,728$1,244,584
80$2,214,785$651,366$386,765$1,262,190
81$2,357,009$599,598$316,038$1,281,059
82$2,511,104$542,658$240,305$1,301,424
83$2,678,197$480,209$159,316$1,323,547
84$2,859,529$411,896$72,809$1,347,727
85$3,056,464$337,341$0$1,374,301
86$3,270,502$256,150$0$1,409,274
87$3,503,293$167,901$0$1,470,205
88$3,756,654$72,154$0$1,536,671
89$4,032,583$0$0$1,609,309
90$4,333,278$0$0$1,701,330
91$4,661,159$0$0$1,832,957
92$5,018,890$0$0$1,976,689
93$5,409,401$0$0$2,133,720
94$5,835,920$0$0$2,305,363
95$6,301,999$0$0$2,493,066
96$6,811,548$0$0$2,698,419
97$7,368,874$0$0$2,923,177
98$7,978,717$0$0$3,169,271
99$8,646,299$0$0$3,438,825
100$9,377,367$0$0$3,734,182