Can I retire at age 66 with 952,000?

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 $952,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$78,615$77,915$77,232$76,565$75,914$75,404
2 years$38,918$38,194$37,491$36,810$36,149$35,635
3 years$25,688$24,960$24,259$23,585$22,935$22,432
4 years$19,074$18,348$17,655$16,991$16,357$15,870
5 years$15,107$14,385$13,701$13,051$12,434$11,964
6 years$12,463$11,747$11,072$10,437$9,839$9,386
7 years$10,575$9,865$9,201$8,581$8,002$7,566
8 years$9,159$8,456$7,803$7,198$6,638$6,221
9 years$8,059$7,362$6,721$6,131$5,590$5,190
10 years$7,180$6,490$5,859$5,285$4,763$4,381
11 years$6,460$5,777$5,159$4,600$4,097$3,731
12 years$5,862$5,185$4,578$4,035$3,550$3,201
13 years$5,355$4,686$4,090$3,562$3,096$2,763
14 years$4,921$4,260$3,675$3,162$2,714$2,397
15 years$4,546$3,891$3,318$2,820$2,389$2,089
16 years$4,218$3,570$3,008$2,525$2,112$1,826
17 years$3,928$3,288$2,737$2,269$1,872$1,602
18 years$3,671$3,038$2,499$2,044$1,665$1,408
19 years$3,442$2,816$2,288$1,847$1,484$1,241
20 years$3,236$2,617$2,100$1,673$1,325$1,096
21 years$3,049$2,437$1,931$1,518$1,186$970
22 years$2,880$2,275$1,780$1,381$1,063$859
23 years$2,725$2,128$1,643$1,257$954$762
24 years$2,584$1,994$1,520$1,147$858$676
25 years$2,454$1,871$1,408$1,047$772$601
26 years$2,335$1,758$1,306$958$695$535
27 years$2,224$1,655$1,212$877$627$476
28 years$2,122$1,559$1,127$803$566$424
29 years$2,027$1,471$1,049$736$511$378
30 years$1,938$1,389$977$676$461$338
31 years$1,855$1,313$911$621$417$301
32 years$1,778$1,243$850$570$377$269
33 years$1,705$1,177$793$525$342$240
34 years$1,637$1,115$741$483$309$215
35 years$1,572$1,058$693$444$280$192
36 years$1,512$1,004$648$409$254$172
37 years$1,455$954$607$377$230$153
38 years$1,401$906$568$348$209$137
39 years$1,350$862$532$320$189$123
40 years$1,302$820$499$296$172$110
41 years$1,256$781$468$273$156$98
42 years$1,212$743$439$252$141$88
43 years$1,171$708$412$232$128$79
44 years$1,131$675$387$214$116$70
45 years$1,094$644$363$198$106$63
46 years$1,058$614$341$183$96$57
47 years$1,023$586$320$169$87$51
48 years$991$559$301$156$79$45
49 years$959$534$283$144$72$41
50 years$929$510$266$133$65$36

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $952,000, adding $3,232 every year, while hoping to spend $48,287 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: 57/30/13 Blend
65$952,000$952,000$952,000$952,000
66$1,052,438$1,001,982$987,226$1,108,783
67$1,108,409$999,702$968,921$1,144,988
68$1,168,472$995,692$948,384$1,178,819
69$1,232,991$989,816$925,491$1,214,550
70$1,302,370$981,930$900,108$1,252,371
71$1,377,049$971,882$872,099$1,292,491
72$1,457,513$959,509$841,319$1,335,146
73$1,544,294$944,641$807,618$1,380,596
74$1,637,978$927,094$770,839$1,429,130
75$1,739,207$906,676$730,817$1,481,068
76$1,848,687$883,185$687,381$1,536,768
77$1,967,194$856,402$640,349$1,596,625
78$2,095,583$826,100$589,536$1,661,079
79$2,234,790$792,038$534,744$1,730,615
80$2,385,849$753,958$475,768$1,805,775
81$2,549,894$711,590$412,394$1,887,157
82$2,728,173$664,647$344,399$1,975,426
83$2,922,059$612,828$271,549$2,071,318
84$3,133,064$555,811$193,601$2,175,647
85$3,362,849$493,259$110,299$2,289,319
86$3,613,244$424,813$21,379$2,413,334
87$3,886,262$350,096$0$2,548,800
88$4,184,119$268,708$0$2,707,142
89$4,509,252$180,228$0$2,883,350
90$4,864,348$84,211$0$3,076,000
91$5,252,361$0$0$3,286,801
92$5,676,544$0$0$3,524,180
93$6,140,479$0$0$3,814,290
94$6,648,112$0$0$4,131,806
95$7,203,784$0$0$4,479,456
96$7,812,278$0$0$4,860,241
97$8,478,859$0$0$5,277,468
98$9,209,329$0$0$5,734,780
99$10,010,074$0$0$6,236,186
100$10,888,129$0$0$6,786,103