Can I retire at age 66 with 934,000?

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 $934,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$77,129$76,442$75,772$75,117$74,478$73,824
2 years$38,183$37,471$36,782$36,114$35,466$34,806
3 years$25,202$24,488$23,801$23,139$22,501$21,857
4 years$18,713$18,001$17,321$16,670$16,048$15,424
5 years$14,821$14,113$13,442$12,804$12,199$11,597
6 years$12,227$11,525$10,863$10,240$9,653$9,074
7 years$10,375$9,678$9,027$8,419$7,850$7,295
8 years$8,986$8,296$7,656$7,062$6,513$5,980
9 years$7,907$7,223$6,594$6,015$5,485$4,975
10 years$7,044$6,367$5,749$5,185$4,673$4,186
11 years$6,338$5,668$5,061$4,513$4,019$3,555
12 years$5,751$5,087$4,492$3,958$3,483$3,040
13 years$5,254$4,597$4,013$3,495$3,037$2,616
14 years$4,828$4,179$3,606$3,102$2,662$2,262
15 years$4,460$3,818$3,255$2,767$2,344$1,964
16 years$4,138$3,503$2,951$2,477$2,072$1,712
17 years$3,854$3,226$2,686$2,226$1,837$1,496
18 years$3,602$2,981$2,452$2,006$1,633$1,311
19 years$3,377$2,763$2,244$1,812$1,456$1,151
20 years$3,174$2,567$2,060$1,641$1,300$1,013
21 years$2,991$2,391$1,895$1,490$1,164$893
22 years$2,825$2,232$1,746$1,355$1,043$788
23 years$2,674$2,088$1,612$1,234$936$696
24 years$2,535$1,956$1,491$1,125$842$616
25 years$2,408$1,836$1,381$1,028$757$545
26 years$2,291$1,725$1,281$940$682$483
27 years$2,182$1,624$1,189$860$615$429
28 years$2,082$1,530$1,106$788$555$380
29 years$1,988$1,443$1,029$723$501$338
30 years$1,901$1,363$958$663$453$300
31 years$1,820$1,288$894$609$409$267
32 years$1,744$1,219$834$560$370$237
33 years$1,673$1,155$778$515$335$211
34 years$1,606$1,094$727$474$303$188
35 years$1,543$1,038$680$436$275$167
36 years$1,483$985$636$401$249$149
37 years$1,427$936$595$370$226$132
38 years$1,374$889$558$341$205$118
39 years$1,324$846$522$314$186$105
40 years$1,277$804$490$290$168$94
41 years$1,232$766$459$268$153$83
42 years$1,189$729$431$247$139$74
43 years$1,148$695$404$228$126$66
44 years$1,110$662$379$210$114$59
45 years$1,073$632$356$194$104$53
46 years$1,038$603$335$180$94$47
47 years$1,004$575$314$166$85$42
48 years$972$549$295$153$78$37
49 years$941$524$278$142$70$33
50 years$912$501$261$131$64$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $934,000, adding $2,557 every year, while hoping to spend $40,393 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: 54/35/11 Blend
65$934,000$934,000$934,000$934,000
66$1,031,906$982,404$967,927$1,084,594
67$1,094,182$987,563$957,374$1,125,812
68$1,161,457$991,622$945,115$1,166,045
69$1,234,198$994,484$931,048$1,208,889
70$1,312,917$996,045$915,069$1,254,599
71$1,398,180$996,197$897,070$1,303,460
72$1,490,608$994,824$876,935$1,355,785
73$1,590,882$991,802$854,544$1,411,921
74$1,699,753$987,002$829,773$1,472,254
75$1,818,048$980,284$802,490$1,537,208
76$1,946,673$971,503$772,558$1,607,255
77$2,086,628$960,501$739,833$1,682,916
78$2,239,013$947,114$704,166$1,764,767
79$2,405,037$931,167$665,400$1,853,447
80$2,586,031$912,475$623,371$1,949,661
81$2,783,460$890,840$577,908$2,054,190
82$2,998,937$866,056$528,832$2,167,895
83$3,234,237$837,901$475,957$2,291,733
84$3,491,314$806,143$419,086$2,426,758
85$3,772,320$770,535$358,017$2,574,137
86$4,079,622$730,817$292,536$2,735,159
87$4,415,828$686,711$222,421$2,911,250
88$4,783,810$637,928$147,439$3,103,984
89$5,186,729$584,157$67,349$3,315,104
90$5,628,068$525,073$0$3,546,532
91$6,111,661$460,332$0$3,802,521
92$6,641,730$389,568$0$4,091,866
93$7,222,927$312,397$0$4,409,280
94$7,860,373$228,412$0$4,757,662
95$8,559,712$137,185$0$5,140,212
96$9,327,157$38,261$0$5,560,462
97$10,169,553$0$0$6,022,308
98$11,094,441$0$0$6,556,564
99$12,110,127$0$0$7,159,545
100$13,225,760$0$0$7,821,957