Can I retire at age 66 with 939,000?

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 $939,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.6%
1 years$77,542$76,851$76,177$75,519$74,877$71,992
2 years$38,387$37,672$36,979$36,307$35,656$32,783
3 years$25,337$24,619$23,928$23,263$22,622$19,852
4 years$18,813$18,098$17,413$16,759$16,134$13,489
5 years$14,900$14,189$13,514$12,873$12,265$9,751
6 years$12,292$11,586$10,921$10,294$9,705$7,323
7 years$10,430$9,730$9,075$8,464$7,892$5,643
8 years$9,034$8,340$7,697$7,100$6,548$4,428
9 years$7,949$7,262$6,629$6,048$5,514$3,521
10 years$7,082$6,401$5,779$5,213$4,698$2,829
11 years$6,372$5,698$5,088$4,537$4,041$2,290
12 years$5,781$5,115$4,516$3,979$3,502$1,865
13 years$5,282$4,622$4,034$3,513$3,053$1,526
14 years$4,854$4,201$3,625$3,119$2,677$1,254
15 years$4,484$3,838$3,273$2,781$2,357$1,033
16 years$4,160$3,521$2,967$2,490$2,083$854
17 years$3,875$3,243$2,700$2,238$1,847$707
18 years$3,621$2,997$2,465$2,017$1,642$586
19 years$3,395$2,777$2,256$1,822$1,464$487
20 years$3,191$2,581$2,071$1,650$1,307$405
21 years$3,007$2,404$1,905$1,498$1,170$337
22 years$2,840$2,244$1,756$1,362$1,049$281
23 years$2,688$2,099$1,621$1,240$941$234
24 years$2,549$1,966$1,499$1,131$846$195
25 years$2,421$1,845$1,388$1,033$761$163
26 years$2,303$1,734$1,288$945$686$136
27 years$2,194$1,632$1,196$865$618$113
28 years$2,093$1,538$1,112$792$558$95
29 years$1,999$1,451$1,034$726$504$79
30 years$1,911$1,370$964$667$455$66
31 years$1,830$1,295$898$612$412$55
32 years$1,753$1,226$838$563$372$46
33 years$1,682$1,161$783$517$337$39
34 years$1,614$1,100$731$476$305$32
35 years$1,551$1,043$684$438$276$27
36 years$1,491$990$639$404$250$22
37 years$1,435$941$599$372$227$19
38 years$1,382$894$561$343$206$16
39 years$1,331$850$525$316$187$13
40 years$1,284$809$492$292$169$11
41 years$1,238$770$462$269$153$9
42 years$1,195$733$433$248$139$8
43 years$1,155$699$406$229$126$6
44 years$1,116$666$381$212$115$5
45 years$1,079$635$358$195$104$4
46 years$1,043$606$336$180$95$4
47 years$1,009$578$316$167$86$3
48 years$977$552$297$154$78$3
49 years$946$527$279$142$71$2
50 years$917$503$262$132$64$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $939,000, adding $5,289 every year, while hoping to spend $29,149 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: 79/16/5 Blend
65$939,000$939,000$939,000$939,000
66$1,040,234$990,467$975,912$1,121,785
67$1,115,323$1,007,985$977,591$1,193,469
68$1,197,095$1,025,385$978,349$1,267,706
69$1,286,200$1,042,630$978,125$1,348,252
70$1,383,353$1,059,680$976,853$1,435,722
71$1,489,345$1,076,494$974,467$1,530,791
72$1,605,041$1,093,026$970,895$1,634,204
73$1,731,398$1,109,227$966,063$1,746,780
74$1,869,466$1,125,044$959,892$1,869,422
75$2,020,404$1,140,423$952,300$2,003,123
76$2,185,485$1,155,304$943,202$2,148,980
77$2,366,113$1,169,622$932,507$2,308,197
78$2,563,833$1,183,310$920,123$2,482,106
79$2,780,345$1,196,294$905,949$2,672,168
80$3,017,525$1,208,497$889,883$2,879,998
81$3,277,435$1,219,836$871,816$3,107,372
82$3,562,348$1,230,222$851,636$3,356,247
83$3,874,766$1,239,562$829,225$3,628,782
84$4,217,447$1,247,755$804,458$3,927,352
85$4,593,425$1,254,694$777,206$4,254,577
86$5,006,046$1,260,265$747,334$4,613,342
87$5,458,993$1,264,349$714,700$5,006,826
88$5,956,324$1,266,815$679,157$5,438,534
89$6,502,509$1,267,529$640,548$5,912,325
90$7,102,472$1,266,346$598,714$6,432,455
91$7,761,638$1,263,110$553,484$7,003,610
92$8,485,982$1,257,659$504,683$7,630,959
93$9,282,088$1,249,820$452,126$8,320,192
94$10,157,208$1,239,409$395,619$9,077,584
95$11,119,334$1,226,230$334,963$9,910,048
96$12,177,268$1,210,078$269,946$10,825,204
97$13,340,710$1,190,732$200,350$11,831,446
98$14,620,347$1,167,962$125,946$12,938,028
99$16,027,950$1,141,521$46,494$14,155,147
100$17,576,494$1,111,148$0$15,494,038