Can I retire at age 66 with 937,000?

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 $937,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$77,377$76,687$76,015$75,359$74,718$74,123
2 years$38,305$37,592$36,900$36,230$35,580$34,980
3 years$25,283$24,567$23,877$23,213$22,573$21,987
4 years$18,773$18,059$17,376$16,724$16,099$15,532
5 years$14,869$14,159$13,485$12,845$12,239$11,691
6 years$12,266$11,562$10,898$10,273$9,684$9,157
7 years$10,408$9,709$9,056$8,446$7,876$7,370
8 years$9,015$8,323$7,680$7,085$6,534$6,048
9 years$7,932$7,246$6,615$6,035$5,502$5,038
10 years$7,067$6,387$5,767$5,202$4,688$4,244
11 years$6,359$5,686$5,077$4,527$4,032$3,608
12 years$5,769$5,104$4,506$3,971$3,494$3,090
13 years$5,271$4,612$4,026$3,506$3,047$2,662
14 years$4,844$4,192$3,617$3,112$2,671$2,305
15 years$4,474$3,830$3,266$2,775$2,352$2,004
16 years$4,151$3,514$2,961$2,485$2,078$1,749
17 years$3,866$3,236$2,694$2,233$1,843$1,531
18 years$3,614$2,990$2,460$2,012$1,639$1,343
19 years$3,388$2,771$2,252$1,818$1,460$1,181
20 years$3,185$2,575$2,066$1,647$1,305$1,041
21 years$3,001$2,399$1,901$1,495$1,167$919
22 years$2,834$2,239$1,752$1,359$1,046$812
23 years$2,682$2,094$1,617$1,238$939$718
24 years$2,543$1,962$1,496$1,129$844$637
25 years$2,416$1,841$1,386$1,031$760$565
26 years$2,298$1,731$1,285$943$684$501
27 years$2,189$1,629$1,193$863$617$445
28 years$2,088$1,535$1,109$790$557$396
29 years$1,995$1,448$1,032$725$503$352
30 years$1,907$1,367$962$665$454$313
31 years$1,826$1,293$896$611$411$279
32 years$1,750$1,223$836$561$371$248
33 years$1,678$1,158$781$516$336$221
34 years$1,611$1,098$730$475$304$197
35 years$1,548$1,041$682$437$276$176
36 years$1,488$988$638$403$250$157
37 years$1,432$939$597$371$226$140
38 years$1,379$892$559$342$205$125
39 years$1,329$848$524$315$186$111
40 years$1,281$807$491$291$169$99
41 years$1,236$768$461$268$153$89
42 years$1,193$732$432$248$139$79
43 years$1,152$697$405$229$126$71
44 years$1,113$664$381$211$114$63
45 years$1,076$634$357$195$104$56
46 years$1,041$604$336$180$94$50
47 years$1,007$577$315$166$86$45
48 years$975$551$296$154$78$40
49 years$944$526$278$142$71$36
50 years$915$502$262$131$64$32

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $937,000, adding $3,462 every year, while hoping to spend $37,792 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: 31/45/24 Blend
65$937,000$937,000$937,000$937,000
66$1,036,145$986,484$971,961$1,060,502
67$1,101,621$994,611$964,311$1,087,511
68$1,172,510$1,001,870$955,138$1,112,958
69$1,249,322$1,008,178$944,352$1,139,581
70$1,332,622$1,013,448$931,856$1,167,509
71$1,423,028$1,017,586$917,552$1,196,885
72$1,521,222$1,020,492$901,335$1,227,868
73$1,627,952$1,022,062$883,095$1,260,637
74$1,744,043$1,022,183$862,719$1,295,393
75$1,870,401$1,020,736$840,086$1,332,360
76$2,008,025$1,017,595$815,072$1,371,788
77$2,158,012$1,012,625$787,545$1,413,956
78$2,321,571$1,005,685$757,369$1,459,177
79$2,500,030$996,623$724,401$1,507,797
80$2,694,856$985,280$688,490$1,560,205
81$2,907,657$971,485$649,481$1,616,831
82$3,140,209$955,059$607,209$1,678,157
83$3,394,464$935,810$561,505$1,744,718
84$3,672,573$913,539$512,189$1,817,108
85$3,976,904$888,030$459,075$1,895,990
86$4,310,062$859,057$401,968$1,982,099
87$4,674,919$826,382$340,665$2,076,252
88$5,074,636$789,750$274,953$2,179,357
89$5,512,695$748,894$204,610$2,292,423
90$5,992,930$703,530$129,404$2,416,567
91$6,519,564$653,358$49,094$2,553,032
92$7,097,249$598,062$0$2,703,194
93$7,731,107$537,305$0$2,877,955
94$8,426,782$470,735$0$3,083,658
95$9,190,489$397,977$0$3,309,665
96$10,029,076$318,634$0$3,558,127
97$10,950,085$232,291$0$3,831,423
98$11,961,825$138,505$0$4,132,184
99$13,073,450$36,811$0$4,463,315
100$14,295,044$0$0$4,828,029