Can I retire at age 66 with 933,000?

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 $933,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16%
1 years$77,046$76,360$75,690$75,037$74,399$72,571
2 years$38,142$37,431$36,743$36,075$35,428$33,598
3 years$25,175$24,462$23,775$23,114$22,477$20,701
4 years$18,693$17,982$17,302$16,652$16,031$14,324
5 years$14,805$14,098$13,427$12,791$12,186$10,552
6 years$12,214$11,512$10,851$10,229$9,643$8,084
7 years$10,364$9,668$9,017$8,410$7,842$6,358
8 years$8,977$8,287$7,647$7,055$6,506$5,096
9 years$7,898$7,215$6,587$6,009$5,479$4,143
10 years$7,036$6,360$5,742$5,180$4,668$3,404
11 years$6,332$5,662$5,056$4,508$4,015$2,820
12 years$5,745$5,082$4,487$3,954$3,479$2,352
13 years$5,248$4,593$4,009$3,491$3,034$1,973
14 years$4,823$4,175$3,602$3,099$2,659$1,662
15 years$4,455$3,814$3,252$2,764$2,342$1,405
16 years$4,134$3,499$2,948$2,474$2,070$1,191
17 years$3,850$3,222$2,683$2,223$1,835$1,013
18 years$3,598$2,978$2,449$2,004$1,632$862
19 years$3,373$2,760$2,242$1,810$1,454$736
20 years$3,171$2,564$2,058$1,640$1,299$629
21 years$2,988$2,389$1,893$1,488$1,162$538
22 years$2,822$2,230$1,744$1,353$1,042$461
23 years$2,671$2,085$1,611$1,232$935$395
24 years$2,533$1,954$1,490$1,124$841$339
25 years$2,405$1,834$1,380$1,026$756$291
26 years$2,288$1,723$1,279$938$681$250
27 years$2,180$1,622$1,188$859$614$215
28 years$2,079$1,528$1,105$787$554$185
29 years$1,986$1,442$1,028$722$501$159
30 years$1,899$1,362$957$662$452$137
31 years$1,818$1,287$893$608$409$118
32 years$1,742$1,218$833$559$370$101
33 years$1,671$1,153$778$514$335$87
34 years$1,604$1,093$727$473$303$75
35 years$1,541$1,037$679$435$275$65
36 years$1,482$984$635$401$249$56
37 years$1,426$935$595$370$225$48
38 years$1,373$888$557$341$204$41
39 years$1,323$845$522$314$185$36
40 years$1,276$804$489$290$168$31
41 years$1,231$765$459$267$153$26
42 years$1,188$728$430$247$138$23
43 years$1,147$694$404$228$126$20
44 years$1,109$662$379$210$114$17
45 years$1,072$631$356$194$103$15
46 years$1,037$602$334$179$94$13
47 years$1,003$574$314$166$85$11
48 years$971$548$295$153$77$9
49 years$940$524$277$141$70$8
50 years$911$500$261$131$64$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $933,000, adding $3,594 every year, while hoping to spend $30,364 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: 22/50/28 Blend
65$933,000$933,000$933,000$933,000
66$1,031,873$982,424$967,963$1,045,349
67$1,104,817$998,256$968,082$1,073,400
68$1,184,184$1,013,846$967,188$1,100,617
69$1,270,596$1,029,150$965,215$1,129,082
70$1,364,740$1,044,121$962,092$1,158,916
71$1,467,369$1,058,709$957,748$1,190,255
72$1,579,314$1,072,859$952,106$1,223,249
73$1,701,490$1,086,515$945,087$1,258,067
74$1,834,901$1,099,613$936,607$1,294,897
75$1,980,656$1,112,089$926,579$1,333,947
76$2,139,974$1,123,873$914,910$1,375,449
77$2,314,197$1,134,888$901,505$1,419,661
78$2,504,803$1,145,055$886,263$1,466,872
79$2,713,419$1,154,290$869,080$1,517,400
80$2,941,838$1,162,500$849,844$1,571,601
81$3,192,032$1,169,589$828,440$1,629,869
82$3,466,176$1,175,455$804,749$1,692,641
83$3,766,661$1,179,987$778,643$1,760,405
84$4,096,124$1,183,071$749,992$1,833,700
85$4,457,468$1,184,581$718,656$1,913,126
86$4,853,891$1,184,386$684,492$1,999,346
87$5,288,915$1,182,348$647,349$2,093,099
88$5,766,419$1,178,317$607,070$2,195,202
89$6,290,676$1,172,137$563,489$2,306,560
90$6,866,393$1,163,641$516,435$2,428,177
91$7,498,758$1,152,651$465,728$2,561,167
92$8,193,481$1,138,981$411,180$2,706,761
93$8,956,856$1,122,431$352,594$2,866,324
94$9,795,816$1,102,791$289,767$3,041,368
95$10,717,999$1,079,838$222,484$3,233,565
96$11,731,820$1,053,334$150,522$3,444,767
97$12,846,548$1,023,031$73,647$3,677,022
98$14,072,399$988,662$0$3,932,598
99$15,420,624$949,947$0$4,216,510
100$16,903,623$906,590$0$4,552,668