Can I retire at age 66 with 931,000?

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 $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%12.9%
1 years$76,881$76,196$75,528$74,876$74,239$73,342
2 years$38,060$37,351$36,664$35,998$35,352$34,449
3 years$25,121$24,409$23,724$23,064$22,429$21,548
4 years$18,653$17,943$17,265$16,617$15,996$15,145
5 years$14,773$14,068$13,398$12,763$12,160$11,340
6 years$12,188$11,487$10,828$10,207$9,622$8,835
7 years$10,341$9,647$8,998$8,392$7,825$7,071
8 years$8,957$8,269$7,631$7,039$6,492$5,770
9 years$7,882$7,200$6,573$5,996$5,467$4,778
10 years$7,021$6,346$5,730$5,169$4,658$4,001
11 years$6,318$5,650$5,045$4,498$4,006$3,381
12 years$5,732$5,071$4,477$3,946$3,472$2,877
13 years$5,237$4,583$4,000$3,483$3,027$2,463
14 years$4,813$4,166$3,594$3,092$2,654$2,118
15 years$4,446$3,805$3,245$2,758$2,337$1,829
16 years$4,125$3,491$2,942$2,469$2,065$1,585
17 years$3,842$3,215$2,677$2,219$1,831$1,378
18 years$3,591$2,971$2,444$1,999$1,628$1,200
19 years$3,366$2,754$2,237$1,807$1,451$1,048
20 years$3,164$2,559$2,053$1,636$1,296$917
21 years$2,982$2,383$1,889$1,485$1,160$803
22 years$2,816$2,225$1,741$1,350$1,040$704
23 years$2,665$2,081$1,607$1,230$933$619
24 years$2,527$1,950$1,486$1,121$839$544
25 years$2,400$1,830$1,377$1,024$755$479
26 years$2,283$1,720$1,277$936$680$422
27 years$2,175$1,618$1,186$857$613$371
28 years$2,075$1,525$1,102$785$553$328
29 years$1,982$1,439$1,026$720$499$289
30 years$1,895$1,359$955$661$451$255
31 years$1,814$1,284$891$607$408$225
32 years$1,738$1,215$831$558$369$199
33 years$1,667$1,151$776$513$334$176
34 years$1,601$1,091$725$472$302$155
35 years$1,538$1,035$678$435$274$137
36 years$1,479$982$634$400$248$121
37 years$1,423$933$593$369$225$107
38 years$1,370$886$556$340$204$95
39 years$1,320$843$521$313$185$84
40 years$1,273$802$488$289$168$74
41 years$1,228$763$458$267$152$66
42 years$1,185$727$429$246$138$58
43 years$1,145$693$403$227$125$52
44 years$1,106$660$378$210$114$46
45 years$1,069$630$355$194$103$40
46 years$1,034$601$333$179$94$36
47 years$1,001$573$313$165$85$32
48 years$969$547$294$153$77$28
49 years$938$522$277$141$70$25
50 years$909$499$260$130$64$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $931,000, adding $5,769 every year, while hoping to spend $39,862 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: 46/36/18 Blend
65$931,000$931,000$931,000$931,000
66$1,031,913$982,570$968,139$1,073,838
67$1,094,755$988,303$958,159$1,109,416
68$1,162,671$992,981$946,508$1,143,538
69$1,236,137$996,510$933,090$1,179,713
70$1,315,674$998,790$917,800$1,218,149
71$1,401,858$999,716$900,531$1,259,078
72$1,495,320$999,175$881,172$1,302,757
73$1,596,756$997,048$859,604$1,349,471
74$1,706,928$993,206$835,704$1,399,536
75$1,826,679$987,517$809,344$1,453,305
76$1,956,931$979,837$780,388$1,511,166
77$2,098,703$970,014$748,696$1,573,553
78$2,253,114$957,888$714,121$1,640,944
79$2,421,396$943,288$676,508$1,713,872
80$2,604,904$926,035$635,696$1,792,925
81$2,805,131$905,937$591,519$1,878,757
82$3,023,718$882,792$543,798$1,972,091
83$3,262,474$856,385$492,352$2,073,728
84$3,523,388$826,490$436,988$2,184,557
85$3,808,652$792,867$377,506$2,305,560
86$4,120,678$755,261$313,696$2,437,825
87$4,462,123$713,404$245,340$2,582,557
88$4,835,911$667,012$172,210$2,741,089
89$5,245,262$615,785$94,068$2,914,896
90$5,693,724$559,404$10,665$3,105,610
91$6,185,203$497,533$0$3,315,036
92$6,724,001$429,819$0$3,560,216
93$7,314,855$355,886$0$3,831,477
94$7,962,983$275,338$0$4,129,262
95$8,674,134$187,756$0$4,456,328
96$9,454,639$92,699$0$4,815,717
97$10,311,471$0$0$5,210,787
98$11,252,312$0$0$5,649,325
99$12,285,625$0$0$6,171,409
100$13,420,732$0$0$6,745,040