Can I retire at age 66 with 939,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%15.1%
1 years$77,542$76,851$76,177$75,519$74,877$73,305
2 years$38,387$37,672$36,979$36,307$35,656$34,080
3 years$25,337$24,619$23,928$23,263$22,622$21,090
4 years$18,813$18,098$17,413$16,759$16,134$14,659
5 years$14,900$14,189$13,514$12,873$12,265$10,851
6 years$12,292$11,586$10,921$10,294$9,705$8,353
7 years$10,430$9,730$9,075$8,464$7,892$6,603
8 years$9,034$8,340$7,697$7,100$6,548$5,321
9 years$7,949$7,262$6,629$6,048$5,514$4,348
10 years$7,082$6,401$5,779$5,213$4,698$3,593
11 years$6,372$5,698$5,088$4,537$4,041$2,994
12 years$5,781$5,115$4,516$3,979$3,502$2,512
13 years$5,282$4,622$4,034$3,513$3,053$2,119
14 years$4,854$4,201$3,625$3,119$2,677$1,796
15 years$4,484$3,838$3,273$2,781$2,357$1,528
16 years$4,160$3,521$2,967$2,490$2,083$1,304
17 years$3,875$3,243$2,700$2,238$1,847$1,116
18 years$3,621$2,997$2,465$2,017$1,642$957
19 years$3,395$2,777$2,256$1,822$1,464$822
20 years$3,191$2,581$2,071$1,650$1,307$707
21 years$3,007$2,404$1,905$1,498$1,170$609
22 years$2,840$2,244$1,756$1,362$1,049$526
23 years$2,688$2,099$1,621$1,240$941$454
24 years$2,549$1,966$1,499$1,131$846$392
25 years$2,421$1,845$1,388$1,033$761$339
26 years$2,303$1,734$1,288$945$686$293
27 years$2,194$1,632$1,196$865$618$254
28 years$2,093$1,538$1,112$792$558$220
29 years$1,999$1,451$1,034$726$504$191
30 years$1,911$1,370$964$667$455$165
31 years$1,830$1,295$898$612$412$143
32 years$1,753$1,226$838$563$372$124
33 years$1,682$1,161$783$517$337$108
34 years$1,614$1,100$731$476$305$94
35 years$1,551$1,043$684$438$276$81
36 years$1,491$990$639$404$250$70
37 years$1,435$941$599$372$227$61
38 years$1,382$894$561$343$206$53
39 years$1,331$850$525$316$187$46
40 years$1,284$809$492$292$169$40
41 years$1,238$770$462$269$153$35
42 years$1,195$733$433$248$139$30
43 years$1,155$699$406$229$126$26
44 years$1,116$666$381$212$115$23
45 years$1,079$635$358$195$104$20
46 years$1,043$606$336$180$95$17
47 years$1,009$578$316$167$86$15
48 years$977$552$297$154$78$13
49 years$946$527$279$142$71$11
50 years$917$503$262$132$64$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $939,000, adding $6,991 every year, while hoping to spend $41,263 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: 22/50/28 Blend
65$939,000$939,000$939,000$939,000
66$1,041,989$992,222$977,668$1,055,552
67$1,104,369$996,938$966,516$1,072,800
68$1,171,728$1,000,501$953,608$1,087,342
69$1,244,531$1,002,813$938,841$1,102,012
70$1,323,289$1,003,766$922,107$1,116,847
71$1,408,562$1,003,248$903,296$1,131,890
72$1,500,967$1,001,140$882,288$1,147,196
73$1,601,183$997,313$858,962$1,162,826
74$1,709,955$991,632$833,189$1,178,853
75$1,828,104$983,955$804,834$1,195,362
76$1,956,531$974,130$773,756$1,212,451
77$2,096,229$961,995$739,810$1,230,234
78$2,248,291$947,379$702,840$1,248,842
79$2,413,919$930,102$662,686$1,268,424
80$2,594,433$909,972$619,181$1,289,154
81$2,791,290$886,785$572,149$1,311,225
82$3,006,092$860,328$521,406$1,334,861
83$3,240,602$830,372$466,761$1,360,315
84$3,496,760$796,677$408,014$1,387,872
85$3,776,703$758,988$344,956$1,417,858
86$4,082,783$717,035$277,369$1,450,637
87$4,417,591$670,533$205,024$1,486,623
88$4,783,977$619,181$127,685$1,526,280
89$5,185,082$562,661$45,102$1,570,130
90$5,624,364$500,634$0$1,618,761
91$6,105,630$432,747$0$1,685,685
92$6,633,074$358,621$0$1,774,002
93$7,211,315$277,861$0$1,871,132
94$7,845,438$190,045$0$1,978,087
95$8,541,047$94,732$0$2,095,994
96$9,304,313$0$0$2,226,102
97$10,142,032$0$0$2,374,502
98$11,061,692$0$0$2,594,808
99$12,071,540$0$0$2,836,895
100$13,180,662$0$0$3,102,964