Can I retire at age 66 with 951,000?

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 $951,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$78,533$77,833$77,151$76,485$75,834$75,419
2 years$38,878$38,154$37,452$36,771$36,111$35,693
3 years$25,661$24,934$24,234$23,560$22,911$22,501
4 years$19,054$18,329$17,636$16,974$16,340$15,943
5 years$15,091$14,370$13,686$13,037$12,421$12,038
6 years$12,449$11,734$11,061$10,426$9,829$9,459
7 years$10,564$9,854$9,191$8,572$7,993$7,638
8 years$9,150$8,447$7,795$7,191$6,631$6,290
9 years$8,051$7,355$6,714$6,125$5,584$5,258
10 years$7,172$6,483$5,853$5,280$4,758$4,445
11 years$6,454$5,771$5,153$4,595$4,092$3,793
12 years$5,855$5,180$4,573$4,030$3,546$3,261
13 years$5,350$4,681$4,086$3,558$3,092$2,820
14 years$4,916$4,255$3,671$3,159$2,711$2,451
15 years$4,541$3,887$3,315$2,817$2,387$2,140
16 years$4,213$3,566$3,005$2,522$2,109$1,875
17 years$3,924$3,284$2,735$2,266$1,870$1,648
18 years$3,668$3,035$2,496$2,042$1,663$1,452
19 years$3,438$2,813$2,285$1,845$1,482$1,282
20 years$3,232$2,614$2,097$1,671$1,324$1,135
21 years$3,046$2,435$1,929$1,517$1,185$1,006
22 years$2,877$2,273$1,778$1,379$1,062$893
23 years$2,723$2,126$1,642$1,256$953$794
24 years$2,581$1,992$1,518$1,146$857$707
25 years$2,452$1,869$1,406$1,046$771$630
26 years$2,332$1,756$1,304$957$695$562
27 years$2,222$1,653$1,211$876$626$501
28 years$2,120$1,558$1,126$802$565$448
29 years$2,024$1,469$1,048$736$510$400
30 years$1,936$1,388$976$675$461$358
31 years$1,853$1,312$910$620$417$320
32 years$1,776$1,241$849$570$377$286
33 years$1,703$1,176$793$524$341$257
34 years$1,635$1,114$741$482$309$230
35 years$1,571$1,057$692$444$280$206
36 years$1,510$1,003$648$409$254$185
37 years$1,453$953$606$377$230$165
38 years$1,399$905$568$347$208$148
39 years$1,348$861$532$320$189$133
40 years$1,300$819$499$295$171$119
41 years$1,254$780$467$272$155$107
42 years$1,211$743$438$251$141$96
43 years$1,169$707$411$232$128$86
44 years$1,130$674$386$214$116$77
45 years$1,092$643$363$198$105$69
46 years$1,057$613$341$183$96$62
47 years$1,022$585$320$169$87$56
48 years$990$559$301$156$79$50
49 years$958$534$283$144$72$45
50 years$929$510$266$133$65$41

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $951,000, adding $3,679 every year, while hoping to spend $54,343 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: 48/35/17 Blend
65$951,000$951,000$951,000$951,000
66$1,051,797$1,001,394$986,653$1,097,098
67$1,101,260$992,642$961,886$1,120,121
68$1,153,946$981,639$934,467$1,139,264
69$1,210,128$968,219$904,251$1,158,881
70$1,270,103$952,203$871,085$1,179,037
71$1,334,196$933,404$834,809$1,199,807
72$1,402,764$911,621$795,256$1,221,279
73$1,476,200$886,644$752,251$1,243,550
74$1,554,933$858,250$705,611$1,266,734
75$1,639,433$826,201$655,146$1,290,961
76$1,730,217$790,248$600,656$1,316,376
77$1,827,855$750,125$541,933$1,343,147
78$1,932,967$705,552$478,759$1,371,461
79$2,046,239$656,234$410,907$1,401,533
80$2,168,423$601,856$338,139$1,433,603
81$2,300,343$542,088$260,208$1,467,944
82$2,442,907$476,580$176,854$1,504,860
83$2,597,113$404,962$87,808$1,544,698
84$2,764,056$326,843$0$1,587,842
85$2,944,942$241,810$0$1,636,039
86$3,141,095$149,427$0$1,705,547
87$3,353,972$49,235$0$1,781,024
88$3,585,176$0$0$1,863,138
89$3,836,470$0$0$1,975,455
90$4,109,792$0$0$2,118,334
91$4,407,275$0$0$2,273,940
92$4,731,269$0$0$2,443,513
93$5,084,354$0$0$2,628,419
94$5,469,376$0$0$2,830,158
95$5,889,461$0$0$3,050,384
96$6,348,055$0$0$3,290,917
97$6,848,948$0$0$3,553,761
98$7,396,314$0$0$3,841,120
99$7,994,747$0$0$4,155,424
100$8,649,308$0$0$4,499,346