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%16.5%
1 years$77,211$76,524$75,853$75,198$74,558$72,579
2 years$38,223$37,512$36,822$36,153$35,504$33,524
3 years$25,229$24,514$23,826$23,163$22,525$20,606
4 years$18,733$18,021$17,339$16,688$16,065$14,222
5 years$14,837$14,128$13,456$12,818$12,212$10,450
6 years$12,240$11,537$10,874$10,251$9,663$7,983
7 years$10,386$9,689$9,037$8,428$7,859$6,261
8 years$8,996$8,305$7,664$7,070$6,520$5,004
9 years$7,915$7,231$6,601$6,022$5,491$4,055
10 years$7,051$6,374$5,755$5,191$4,678$3,322
11 years$6,345$5,674$5,066$4,518$4,023$2,743
12 years$5,757$5,093$4,496$3,963$3,487$2,281
13 years$5,260$4,602$4,017$3,498$3,040$1,906
14 years$4,834$4,183$3,609$3,105$2,665$1,600
15 years$4,465$3,822$3,259$2,769$2,347$1,348
16 years$4,142$3,506$2,955$2,480$2,074$1,139
17 years$3,858$3,229$2,689$2,228$1,839$965
18 years$3,606$2,984$2,454$2,008$1,635$819
19 years$3,380$2,765$2,247$1,814$1,457$696
20 years$3,178$2,570$2,062$1,643$1,302$593
21 years$2,995$2,394$1,897$1,491$1,165$505
22 years$2,828$2,234$1,748$1,356$1,044$431
23 years$2,677$2,090$1,614$1,235$937$368
24 years$2,538$1,958$1,493$1,126$842$315
25 years$2,411$1,837$1,383$1,029$758$269
26 years$2,293$1,727$1,282$941$683$230
27 years$2,185$1,625$1,191$861$616$197
28 years$2,084$1,531$1,107$789$556$169
29 years$1,990$1,445$1,030$723$502$145
30 years$1,903$1,364$959$664$453$124
31 years$1,822$1,290$894$610$410$106
32 years$1,746$1,220$835$560$371$91
33 years$1,674$1,156$779$515$335$78
34 years$1,607$1,095$728$474$304$67
35 years$1,544$1,039$681$436$275$57
36 years$1,485$986$637$402$249$49
37 years$1,429$937$596$370$226$42
38 years$1,376$890$558$341$205$36
39 years$1,326$846$523$315$186$31
40 years$1,278$805$490$290$168$27
41 years$1,233$767$460$268$153$23
42 years$1,190$730$431$247$139$20
43 years$1,150$696$405$228$126$17
44 years$1,111$663$380$211$114$14
45 years$1,074$632$357$195$104$12
46 years$1,039$603$335$180$94$11
47 years$1,005$576$315$166$86$9
48 years$973$549$296$153$78$8
49 years$942$525$278$142$71$7
50 years$913$501$261$131$64$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $935,000, adding $6,174 every year, while hoping to spend $59,426 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: 55/31/14 Blend
65$935,000$935,000$935,000$935,000
66$1,036,738$987,183$972,691$1,089,644
67$1,079,257$972,327$942,047$1,111,438
68$1,124,121$954,750$908,385$1,128,195
69$1,171,506$934,258$871,541$1,145,076
70$1,221,606$910,642$831,344$1,162,107
71$1,274,629$883,684$787,614$1,179,316
72$1,330,807$853,150$740,164$1,196,742
73$1,390,388$818,793$688,799$1,214,427
74$1,453,648$780,355$633,314$1,232,423
75$1,520,886$737,558$573,496$1,250,792
76$1,592,430$690,111$509,121$1,269,605
77$1,668,638$637,707$439,957$1,288,945
78$1,749,903$580,019$365,760$1,308,911
79$1,836,656$516,702$286,275$1,329,615
80$1,929,368$447,394$201,239$1,351,185
81$2,028,555$371,708$110,372$1,373,769
82$2,134,786$289,240$13,387$1,397,538
83$2,248,680$199,558$0$1,422,685
84$2,370,920$102,212$0$1,462,892
85$2,502,254$0$0$1,507,957
86$2,643,504$0$0$1,557,331
87$2,795,570$0$0$1,648,084
88$2,959,444$0$0$1,745,949
89$3,136,213$0$0$1,851,584
90$3,327,072$0$0$1,965,711
91$3,533,333$0$0$2,089,125
92$3,756,441$0$0$2,222,700
93$3,997,981$0$0$2,367,394
94$4,259,698$0$0$2,524,263
95$4,543,508$0$0$2,694,467
96$4,851,520$0$0$2,879,284
97$5,186,053$0$0$3,080,116
98$5,549,659$0$0$3,298,508
99$5,945,143$0$0$3,536,160
100$6,375,594$0$0$3,794,939