Can I retire at age 66 with 936,000?

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 $936,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.4%
1 years$77,294$76,606$75,934$75,278$74,638$72,982
2 years$38,264$37,552$36,861$36,191$35,542$33,882
3 years$25,256$24,540$23,852$23,188$22,549$20,937
4 years$18,753$18,040$17,358$16,706$16,082$14,531
5 years$14,853$14,143$13,470$12,832$12,226$10,739
6 years$12,253$11,549$10,886$10,262$9,674$8,253
7 years$10,397$9,699$9,046$8,437$7,867$6,514
8 years$9,006$8,314$7,672$7,077$6,527$5,239
9 years$7,924$7,239$6,608$6,028$5,496$4,274
10 years$7,059$6,381$5,761$5,196$4,683$3,525
11 years$6,352$5,680$5,072$4,522$4,028$2,932
12 years$5,763$5,098$4,501$3,967$3,490$2,455
13 years$5,265$4,607$4,021$3,502$3,044$2,067
14 years$4,839$4,188$3,613$3,109$2,668$1,748
15 years$4,470$3,826$3,262$2,772$2,349$1,484
16 years$4,147$3,510$2,958$2,482$2,076$1,264
17 years$3,862$3,233$2,691$2,230$1,841$1,079
18 years$3,610$2,987$2,457$2,010$1,637$923
19 years$3,384$2,768$2,249$1,816$1,459$791
20 years$3,181$2,573$2,064$1,645$1,303$679
21 years$2,998$2,396$1,899$1,493$1,166$584
22 years$2,831$2,237$1,750$1,357$1,045$503
23 years$2,680$2,092$1,616$1,236$938$433
24 years$2,541$1,960$1,494$1,128$843$373
25 years$2,413$1,839$1,384$1,030$759$322
26 years$2,296$1,729$1,284$942$684$278
27 years$2,187$1,627$1,192$862$616$240
28 years$2,086$1,533$1,108$790$556$207
29 years$1,993$1,446$1,031$724$502$179
30 years$1,905$1,366$960$665$454$155
31 years$1,824$1,291$895$610$410$134
32 years$1,748$1,222$835$561$371$116
33 years$1,676$1,157$780$516$336$100
34 years$1,609$1,097$729$475$304$87
35 years$1,546$1,040$681$437$275$75
36 years$1,487$987$637$402$250$65
37 years$1,430$938$597$371$226$56
38 years$1,377$891$559$342$205$49
39 years$1,327$847$523$315$186$42
40 years$1,280$806$491$291$169$37
41 years$1,235$767$460$268$153$32
42 years$1,192$731$432$247$139$27
43 years$1,151$696$405$228$126$24
44 years$1,112$664$380$211$114$21
45 years$1,075$633$357$195$104$18
46 years$1,040$604$335$180$94$15
47 years$1,006$576$315$166$86$13
48 years$974$550$296$154$78$12
49 years$943$525$278$142$71$10
50 years$914$502$262$131$64$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $936,000, adding $5,746 every year, while hoping to spend $44,979 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: 67/7/26 Blend
65$936,000$936,000$936,000$936,000
66$1,037,399$987,791$973,283$1,099,541
67$1,095,356$988,335$958,031$1,142,603
68$1,157,718$987,399$940,760$1,184,059
69$1,224,885$984,862$921,356$1,228,376
70$1,297,300$980,596$899,697$1,275,838
71$1,375,446$974,467$875,659$1,326,761
72$1,459,857$966,331$849,108$1,381,490
73$1,551,117$956,036$819,908$1,440,410
74$1,649,870$943,421$787,914$1,503,946
75$1,756,822$928,314$752,975$1,572,566
76$1,872,752$910,536$714,934$1,646,790
77$1,998,514$889,893$673,625$1,727,189
78$2,135,048$866,183$628,877$1,814,398
79$2,283,387$839,191$580,509$1,909,115
80$2,444,670$808,689$528,334$2,012,113
81$2,620,148$774,436$472,154$2,124,246
82$2,811,198$736,178$411,766$2,246,456
83$3,019,334$693,645$346,954$2,379,786
84$3,246,224$646,551$277,495$2,525,385
85$3,493,703$594,596$203,155$2,684,522
86$3,763,790$537,460$123,690$2,858,602
87$4,058,708$474,808$38,845$3,049,171
88$4,380,905$406,282$0$3,257,940
89$4,733,074$331,507$0$3,501,138
90$5,118,182$250,085$0$3,778,939
91$5,539,495$161,597$0$4,082,934
92$6,000,608$65,600$0$4,415,746
93$6,505,482$0$0$4,780,264
94$7,058,476$0$0$5,182,625
95$7,664,393$0$0$5,629,086
96$8,328,521$0$0$6,118,498
97$9,056,684$0$0$6,655,161
98$9,855,297$0$0$7,243,809
99$10,731,426$0$0$7,889,658
100$11,692,854$0$0$8,598,454