Can I retire at age 66 with 932,000?

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 $932,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.4%
1 years$76,964$76,278$75,609$74,956$74,319$72,376
2 years$38,101$37,391$36,704$36,037$35,390$33,445
3 years$25,148$24,436$23,750$23,089$22,453$20,568
4 years$18,673$17,963$17,284$16,634$16,014$14,202
5 years$14,789$14,083$13,413$12,777$12,173$10,441
6 years$12,201$11,500$10,840$10,218$9,632$7,981
7 years$10,353$9,658$9,008$8,401$7,834$6,263
8 years$8,967$8,278$7,639$7,047$6,499$5,008
9 years$7,890$7,208$6,580$6,002$5,473$4,061
10 years$7,029$6,353$5,736$5,174$4,663$3,329
11 years$6,325$5,656$5,050$4,503$4,010$2,751
12 years$5,738$5,076$4,482$3,950$3,475$2,289
13 years$5,243$4,588$4,004$3,487$3,031$1,914
14 years$4,818$4,170$3,598$3,095$2,657$1,608
15 years$4,450$3,809$3,248$2,761$2,339$1,356
16 years$4,129$3,495$2,945$2,472$2,067$1,146
17 years$3,846$3,219$2,680$2,221$1,833$971
18 years$3,594$2,974$2,446$2,001$1,630$825
19 years$3,370$2,757$2,240$1,809$1,453$702
20 years$3,168$2,562$2,055$1,638$1,298$598
21 years$2,985$2,386$1,891$1,487$1,161$510
22 years$2,819$2,227$1,742$1,352$1,041$436
23 years$2,668$2,083$1,609$1,231$934$372
24 years$2,530$1,952$1,488$1,123$840$318
25 years$2,403$1,832$1,378$1,025$756$273
26 years$2,286$1,721$1,278$937$681$233
27 years$2,178$1,620$1,187$858$614$200
28 years$2,077$1,527$1,103$786$554$171
29 years$1,984$1,440$1,027$721$500$147
30 years$1,897$1,360$956$662$452$126
31 years$1,816$1,286$892$608$408$108
32 years$1,740$1,217$832$558$369$93
33 years$1,669$1,152$777$514$334$80
34 years$1,602$1,092$726$473$303$68
35 years$1,539$1,036$679$435$274$59
36 years$1,480$983$635$401$248$50
37 years$1,424$934$594$369$225$43
38 years$1,372$887$556$340$204$37
39 years$1,322$844$521$314$185$32
40 years$1,274$803$489$289$168$27
41 years$1,229$764$458$267$152$24
42 years$1,187$728$430$246$138$20
43 years$1,146$693$403$227$125$17
44 years$1,107$661$379$210$114$15
45 years$1,071$630$355$194$103$13
46 years$1,035$601$334$179$94$11
47 years$1,002$574$314$166$85$9
48 years$970$548$295$153$77$8
49 years$939$523$277$141$70$7
50 years$910$500$260$131$64$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $932,000, adding $2,451 every year, while hoping to spend $39,479 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: 54/30/16 Blend
65$932,000$932,000$932,000$932,000
66$1,029,592$980,196$965,750$1,080,664
67$1,092,605$986,220$956,097$1,121,808
68$1,160,722$991,217$944,798$1,162,146
69$1,234,423$995,093$931,756$1,205,169
70$1,314,233$997,751$916,868$1,251,143
71$1,400,731$999,088$900,030$1,300,362
72$1,494,554$998,992$881,130$1,353,151
73$1,596,402$997,346$860,051$1,409,872
74$1,707,045$994,026$836,672$1,470,922
75$1,827,330$988,899$810,867$1,536,744
76$1,958,187$981,825$782,501$1,607,825
77$2,100,643$972,655$751,435$1,684,707
78$2,255,825$961,231$717,525$1,767,985
79$2,424,975$947,387$680,617$1,858,323
80$2,609,458$930,945$640,554$1,956,450
81$2,810,778$911,716$597,168$2,063,175
82$3,030,590$889,503$550,286$2,179,391
83$3,270,716$864,095$499,726$2,306,087
84$3,533,162$835,268$445,299$2,444,355
85$3,820,135$802,787$386,808$2,595,401
86$4,134,067$766,402$324,044$2,760,561
87$4,477,635$725,849$256,793$2,941,308
88$4,853,786$680,848$184,828$3,139,271
89$5,265,768$631,104$107,915$3,356,251
90$5,717,153$576,306$25,807$3,594,235
91$6,211,879$516,121$0$3,855,421
92$6,754,283$450,203$0$4,152,788
93$7,349,138$378,181$0$4,483,850
94$8,001,705$299,667$0$4,847,204
95$8,717,776$214,249$0$5,246,167
96$9,503,734$121,491$0$5,684,400
97$10,366,607$20,937$0$6,165,940
98$11,314,139$0$0$6,695,244
99$12,354,857$0$0$7,306,241
100$13,498,159$0$0$7,985,152