Can I retire at age 66 with 934,000?

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 $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%13.6%
1 years$77,129$76,442$75,772$75,117$74,478$73,365
2 years$38,183$37,471$36,782$36,114$35,466$34,347
3 years$25,202$24,488$23,801$23,139$22,501$21,411
4 years$18,713$18,001$17,321$16,670$16,048$14,996
5 years$14,821$14,113$13,442$12,804$12,199$11,187
6 years$12,227$11,525$10,863$10,240$9,653$8,683
7 years$10,375$9,678$9,027$8,419$7,850$6,922
8 years$8,986$8,296$7,656$7,062$6,513$5,626
9 years$7,907$7,223$6,594$6,015$5,485$4,639
10 years$7,044$6,367$5,749$5,185$4,673$3,869
11 years$6,338$5,668$5,061$4,513$4,019$3,254
12 years$5,751$5,087$4,492$3,958$3,483$2,757
13 years$5,254$4,597$4,013$3,495$3,037$2,349
14 years$4,828$4,179$3,606$3,102$2,662$2,011
15 years$4,460$3,818$3,255$2,767$2,344$1,729
16 years$4,138$3,503$2,951$2,477$2,072$1,491
17 years$3,854$3,226$2,686$2,226$1,837$1,289
18 years$3,602$2,981$2,452$2,006$1,633$1,118
19 years$3,377$2,763$2,244$1,812$1,456$971
20 years$3,174$2,567$2,060$1,641$1,300$845
21 years$2,991$2,391$1,895$1,490$1,164$736
22 years$2,825$2,232$1,746$1,355$1,043$642
23 years$2,674$2,088$1,612$1,234$936$561
24 years$2,535$1,956$1,491$1,125$842$491
25 years$2,408$1,836$1,381$1,028$757$429
26 years$2,291$1,725$1,281$940$682$376
27 years$2,182$1,624$1,189$860$615$330
28 years$2,082$1,530$1,106$788$555$289
29 years$1,988$1,443$1,029$723$501$253
30 years$1,901$1,363$958$663$453$222
31 years$1,820$1,288$894$609$409$195
32 years$1,744$1,219$834$560$370$172
33 years$1,673$1,155$778$515$335$151
34 years$1,606$1,094$727$474$303$132
35 years$1,543$1,038$680$436$275$116
36 years$1,483$985$636$401$249$102
37 years$1,427$936$595$370$226$90
38 years$1,374$889$558$341$205$79
39 years$1,324$846$522$314$186$70
40 years$1,277$804$490$290$168$61
41 years$1,232$766$459$268$153$54
42 years$1,189$729$431$247$139$47
43 years$1,148$695$404$228$126$42
44 years$1,110$662$379$210$114$37
45 years$1,073$632$356$194$104$32
46 years$1,038$603$335$180$94$28
47 years$1,004$575$314$166$85$25
48 years$972$549$295$153$78$22
49 years$941$524$278$142$70$19
50 years$912$501$261$131$64$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $934,000, adding $3,903 every year, while hoping to spend $25,573 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: 51/31/18 Blend
65$934,000$934,000$934,000$934,000
66$1,033,294$983,792$969,315$1,080,678
67$1,111,480$1,004,788$974,578$1,134,715
68$1,196,785$1,025,956$979,159$1,190,456
69$1,289,906$1,047,278$983,010$1,250,507
70$1,391,614$1,068,732$986,079$1,315,283
71$1,502,755$1,090,296$988,309$1,385,243
72$1,624,263$1,111,947$989,644$1,460,893
73$1,757,163$1,133,658$990,022$1,542,789
74$1,902,587$1,155,400$989,381$1,631,547
75$2,061,779$1,177,143$987,654$1,727,844
76$2,236,110$1,198,853$984,770$1,832,425
77$2,427,090$1,220,493$980,656$1,946,115
78$2,636,382$1,242,026$975,236$2,069,820
79$2,865,815$1,263,407$968,429$2,204,541
80$3,117,407$1,284,593$960,150$2,351,381
81$3,393,378$1,305,534$950,312$2,511,556
82$3,696,176$1,326,178$938,820$2,686,407
83$4,028,494$1,346,469$925,579$2,877,411
84$4,393,301$1,366,347$910,486$3,086,199
85$4,793,866$1,385,746$893,436$3,314,568
86$5,233,791$1,404,598$874,316$3,564,498
87$5,717,043$1,422,828$853,011$3,838,173
88$6,247,993$1,440,359$829,398$4,138,002
89$6,831,456$1,457,104$803,351$4,466,640
90$7,472,736$1,472,974$774,735$4,827,014
91$8,177,678$1,487,872$743,412$5,222,352
92$8,952,720$1,501,697$709,234$5,656,210
93$9,804,954$1,514,337$672,051$6,132,513
94$10,742,198$1,525,678$631,703$6,655,585
95$11,773,059$1,535,594$588,023$7,230,193
96$12,907,027$1,543,953$540,836$7,861,596
97$14,154,552$1,550,615$489,963$8,555,586
98$15,527,151$1,555,430$435,211$9,318,554
99$17,037,514$1,558,239$376,384$10,157,542
100$18,699,621$1,558,874$313,274$11,080,315