Can I retire at age 66 with 935,000?

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 $935,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$77,211$76,524$75,853$75,198$74,558$73,841
2 years$38,223$37,512$36,822$36,153$35,504$34,781
3 years$25,229$24,514$23,826$23,163$22,525$21,820
4 years$18,733$18,021$17,339$16,688$16,065$15,382
5 years$14,837$14,128$13,456$12,818$12,212$11,554
6 years$12,240$11,537$10,874$10,251$9,663$9,030
7 years$10,386$9,689$9,037$8,428$7,859$7,252
8 years$8,996$8,305$7,664$7,070$6,520$5,938
9 years$7,915$7,231$6,601$6,022$5,491$4,934
10 years$7,051$6,374$5,755$5,191$4,678$4,147
11 years$6,345$5,674$5,066$4,518$4,023$3,517
12 years$5,757$5,093$4,496$3,963$3,487$3,004
13 years$5,260$4,602$4,017$3,498$3,040$2,582
14 years$4,834$4,183$3,609$3,105$2,665$2,230
15 years$4,465$3,822$3,259$2,769$2,347$1,933
16 years$4,142$3,506$2,955$2,480$2,074$1,682
17 years$3,858$3,229$2,689$2,228$1,839$1,468
18 years$3,606$2,984$2,454$2,008$1,635$1,285
19 years$3,380$2,765$2,247$1,814$1,457$1,127
20 years$3,178$2,570$2,062$1,643$1,302$990
21 years$2,995$2,394$1,897$1,491$1,165$871
22 years$2,828$2,234$1,748$1,356$1,044$768
23 years$2,677$2,090$1,614$1,235$937$677
24 years$2,538$1,958$1,493$1,126$842$598
25 years$2,411$1,837$1,383$1,029$758$529
26 years$2,293$1,727$1,282$941$683$468
27 years$2,185$1,625$1,191$861$616$414
28 years$2,084$1,531$1,107$789$556$367
29 years$1,990$1,445$1,030$723$502$325
30 years$1,903$1,364$959$664$453$289
31 years$1,822$1,290$894$610$410$256
32 years$1,746$1,220$835$560$371$227
33 years$1,674$1,156$779$515$335$202
34 years$1,607$1,095$728$474$304$179
35 years$1,544$1,039$681$436$275$159
36 years$1,485$986$637$402$249$142
37 years$1,429$937$596$370$226$126
38 years$1,376$890$558$341$205$112
39 years$1,326$846$523$315$186$100
40 years$1,278$805$490$290$168$89
41 years$1,233$767$460$268$153$79
42 years$1,190$730$431$247$139$70
43 years$1,150$696$405$228$126$62
44 years$1,111$663$380$211$114$55
45 years$1,074$632$357$195$104$49
46 years$1,039$603$335$180$94$44
47 years$1,005$576$315$166$86$39
48 years$973$549$296$153$78$35
49 years$942$525$278$142$71$31
50 years$913$501$261$131$64$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $935,000, adding $2,825 every year, while hoping to spend $30,448 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: 69/19/12 Blend
65$935,000$935,000$935,000$935,000
66$1,033,284$983,729$969,236$1,101,716
67$1,106,283$999,535$969,309$1,163,338
68$1,185,706$1,015,096$968,364$1,226,800
69$1,272,179$1,030,366$966,335$1,295,432
70$1,366,386$1,045,298$963,152$1,369,737
71$1,469,082$1,059,843$958,742$1,450,271
72$1,581,098$1,073,944$953,029$1,537,644
73$1,703,347$1,087,545$945,934$1,632,531
74$1,836,837$1,100,583$937,371$1,735,674
75$1,982,675$1,112,993$927,253$1,847,891
76$2,142,081$1,124,702$915,489$1,970,084
77$2,316,397$1,135,636$901,982$2,103,247
78$2,507,101$1,145,714$886,630$2,248,476
79$2,715,822$1,154,851$869,329$2,406,979
80$2,944,352$1,162,955$849,968$2,580,087
81$3,194,665$1,169,929$828,431$2,769,266
82$3,468,935$1,175,669$804,597$2,976,135
83$3,769,554$1,180,065$778,339$3,202,476
84$4,099,161$1,183,001$749,526$3,450,255
85$4,460,659$1,184,351$718,018$3,721,637
86$4,857,247$1,183,984$683,672$4,019,011
87$5,292,446$1,181,760$646,336$4,345,008
88$5,770,139$1,177,529$605,851$4,702,530
89$6,294,598$1,171,134$562,052$5,094,776
90$6,870,534$1,162,406$514,768$5,525,271
91$7,503,132$1,151,168$463,816$5,997,902
92$8,198,108$1,137,231$409,010$6,516,952
93$8,961,755$1,120,395$350,152$7,087,145
94$9,801,008$1,100,449$287,036$7,713,684
95$10,723,507$1,077,167$219,449$8,402,310
96$11,737,670$1,050,313$147,165$9,159,345
97$12,852,769$1,019,635$69,951$9,991,763
98$14,079,020$984,866$0$10,907,249
99$15,427,680$945,724$0$11,915,868
100$16,911,150$901,911$0$13,035,026