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%13.1%
1 years$77,211$76,524$75,853$75,198$74,558$73,596
2 years$38,223$37,512$36,822$36,153$35,504$34,536
3 years$25,229$24,514$23,826$23,163$22,525$21,581
4 years$18,733$18,021$17,339$16,688$16,065$15,153
5 years$14,837$14,128$13,456$12,818$12,212$11,334
6 years$12,240$11,537$10,874$10,251$9,663$8,821
7 years$10,386$9,689$9,037$8,428$7,859$7,052
8 years$8,996$8,305$7,664$7,070$6,520$5,748
9 years$7,915$7,231$6,601$6,022$5,491$4,754
10 years$7,051$6,374$5,755$5,191$4,678$3,976
11 years$6,345$5,674$5,066$4,518$4,023$3,355
12 years$5,757$5,093$4,496$3,963$3,487$2,852
13 years$5,260$4,602$4,017$3,498$3,040$2,438
14 years$4,834$4,183$3,609$3,105$2,665$2,094
15 years$4,465$3,822$3,259$2,769$2,347$1,806
16 years$4,142$3,506$2,955$2,480$2,074$1,563
17 years$3,858$3,229$2,689$2,228$1,839$1,357
18 years$3,606$2,984$2,454$2,008$1,635$1,180
19 years$3,380$2,765$2,247$1,814$1,457$1,029
20 years$3,178$2,570$2,062$1,643$1,302$899
21 years$2,995$2,394$1,897$1,491$1,165$786
22 years$2,828$2,234$1,748$1,356$1,044$689
23 years$2,677$2,090$1,614$1,235$937$604
24 years$2,538$1,958$1,493$1,126$842$530
25 years$2,411$1,837$1,383$1,029$758$466
26 years$2,293$1,727$1,282$941$683$409
27 years$2,185$1,625$1,191$861$616$360
28 years$2,084$1,531$1,107$789$556$317
29 years$1,990$1,445$1,030$723$502$279
30 years$1,903$1,364$959$664$453$246
31 years$1,822$1,290$894$610$410$217
32 years$1,746$1,220$835$560$371$191
33 years$1,674$1,156$779$515$335$169
34 years$1,607$1,095$728$474$304$149
35 years$1,544$1,039$681$436$275$131
36 years$1,485$986$637$402$249$116
37 years$1,429$937$596$370$226$102
38 years$1,376$890$558$341$205$90
39 years$1,326$846$523$315$186$80
40 years$1,278$805$490$290$168$71
41 years$1,233$767$460$268$153$62
42 years$1,190$730$431$247$139$55
43 years$1,150$696$405$228$126$49
44 years$1,111$663$380$211$114$43
45 years$1,074$632$357$195$104$38
46 years$1,039$603$335$180$94$34
47 years$1,005$576$315$166$86$30
48 years$973$549$296$153$78$26
49 years$942$525$278$142$71$23
50 years$913$501$261$131$64$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $935,000, adding $5,311 every year, while hoping to spend $57,594 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: 63/30/7 Blend
65$935,000$935,000$935,000$935,000
66$1,035,848$986,293$971,801$1,099,394
67$1,080,225$973,342$943,077$1,129,477
68$1,127,198$957,826$911,460$1,155,075
69$1,176,972$939,558$876,793$1,181,536
70$1,229,768$918,342$838,910$1,208,940
71$1,285,831$893,967$797,641$1,237,378
72$1,345,427$866,213$752,803$1,266,953
73$1,408,848$834,845$704,209$1,297,780
74$1,476,413$799,615$651,662$1,329,988
75$1,548,470$760,260$594,957$1,363,722
76$1,625,404$716,502$533,878$1,399,146
77$1,707,634$668,049$468,201$1,436,443
78$1,795,618$614,589$397,692$1,475,816
79$1,889,862$555,795$322,105$1,517,496
80$1,990,919$491,319$241,186$1,561,738
81$2,099,394$420,795$154,667$1,608,830
82$2,215,953$343,836$62,270$1,659,091
83$2,341,328$260,031$0$1,712,880
84$2,476,321$168,950$0$1,773,309
85$2,621,812$70,136$0$1,843,251
86$2,778,771$0$0$1,918,568
87$2,948,259$0$0$2,012,020
88$3,131,446$0$0$2,138,102
89$3,329,615$0$0$2,274,551
90$3,544,179$0$0$2,422,347
91$3,776,689$0$0$2,582,565
92$4,028,851$0$0$2,756,389
93$4,302,543$0$0$2,945,120
94$4,599,828$0$0$3,150,192
95$4,922,976$0$0$3,373,177
96$5,274,486$0$0$3,615,810
97$5,657,104$0$0$3,879,996
98$6,073,855$0$0$4,167,833
99$6,528,066$0$0$4,481,630
100$7,023,399$0$0$4,823,927