Can I retire at age 66 with 954,000?

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 $954,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.4%
1 years$78,780$78,079$77,394$76,726$76,073$73,491
2 years$39,000$38,274$37,570$36,887$36,225$33,650
3 years$25,742$25,012$24,310$23,634$22,983$20,495
4 years$19,114$18,387$17,692$17,027$16,392$14,010
5 years$15,138$14,415$13,729$13,078$12,461$10,192
6 years$12,489$11,771$11,095$10,459$9,860$7,705
7 years$10,597$9,886$9,220$8,599$8,019$5,978
8 years$9,179$8,474$7,820$7,213$6,652$4,725
9 years$8,076$7,378$6,735$6,144$5,602$3,785
10 years$7,195$6,503$5,872$5,296$4,773$3,064
11 years$6,474$5,789$5,169$4,609$4,105$2,499
12 years$5,874$5,196$4,588$4,043$3,557$2,052
13 years$5,366$4,696$4,099$3,569$3,102$1,693
14 years$4,932$4,268$3,683$3,169$2,719$1,403
15 years$4,556$3,899$3,325$2,826$2,394$1,166
16 years$4,227$3,578$3,015$2,530$2,116$972
17 years$3,937$3,295$2,743$2,273$1,876$812
18 years$3,679$3,045$2,504$2,049$1,668$679
19 years$3,449$2,822$2,292$1,851$1,487$569
20 years$3,242$2,622$2,104$1,677$1,328$478
21 years$3,055$2,442$1,935$1,522$1,189$401
22 years$2,886$2,280$1,784$1,384$1,065$337
23 years$2,731$2,132$1,647$1,260$956$284
24 years$2,590$1,998$1,523$1,149$860$239
25 years$2,460$1,875$1,411$1,050$774$201
26 years$2,340$1,762$1,308$960$697$170
27 years$2,229$1,658$1,215$878$628$143
28 years$2,126$1,563$1,129$805$567$121
29 years$2,031$1,474$1,051$738$512$102
30 years$1,942$1,392$979$677$462$86
31 years$1,859$1,316$913$622$418$72
32 years$1,781$1,245$852$572$378$61
33 years$1,708$1,179$795$526$342$52
34 years$1,640$1,118$743$484$310$44
35 years$1,576$1,060$695$445$281$37
36 years$1,515$1,006$650$410$254$31
37 years$1,458$956$608$378$230$26
38 years$1,404$908$569$348$209$22
39 years$1,353$864$534$321$189$19
40 years$1,304$822$500$296$172$16
41 years$1,258$782$469$273$156$13
42 years$1,215$745$440$252$141$11
43 years$1,173$710$413$233$128$9
44 years$1,133$677$387$215$117$8
45 years$1,096$645$364$199$106$7
46 years$1,060$615$342$183$96$6
47 years$1,026$587$321$169$87$5
48 years$993$561$302$157$79$4
49 years$961$535$284$145$72$3
50 years$931$511$267$134$65$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $954,000, adding $6,311 every year, while hoping to spend $34,396 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: 66/21/13 Blend
65$954,000$954,000$954,000$954,000
66$1,057,818$1,007,256$992,469$1,124,070
67$1,129,118$1,020,014$989,119$1,181,822
68$1,206,538$1,032,245$984,505$1,240,300
69$1,290,666$1,043,886$978,547$1,303,349
70$1,382,149$1,054,871$971,163$1,371,415
71$1,481,697$1,065,129$962,266$1,444,986
72$1,590,094$1,074,584$951,766$1,524,605
73$1,708,202$1,083,157$939,568$1,610,867
74$1,836,968$1,090,761$925,573$1,704,429
75$1,977,435$1,097,305$909,677$1,806,018
76$2,130,753$1,102,693$891,770$1,916,431
77$2,298,186$1,106,820$871,740$2,036,551
78$2,481,124$1,109,578$849,467$2,167,350
79$2,681,101$1,110,850$824,826$2,309,899
80$2,899,803$1,110,511$797,688$2,465,382
81$3,139,087$1,108,430$767,914$2,635,101
82$3,400,999$1,104,468$735,364$2,820,494
83$3,687,790$1,098,476$699,888$3,023,147
84$4,001,940$1,090,296$661,330$3,244,807
85$4,346,180$1,079,763$619,527$3,487,403
86$4,723,518$1,066,699$574,308$3,753,061
87$5,137,266$1,050,917$525,497$4,044,124
88$5,591,073$1,032,218$472,907$4,363,178
89$6,088,958$1,010,392$416,345$4,713,072
90$6,635,345$985,215$355,606$5,096,951
91$7,235,112$956,452$290,481$5,518,280
92$7,893,628$923,853$220,746$5,980,881
93$8,616,810$887,153$146,173$6,488,967
94$9,411,174$846,073$66,519$7,047,184
95$10,283,900$800,317$0$7,660,656
96$11,242,897$749,572$0$8,337,594
97$12,296,878$693,506$0$9,091,676
98$13,455,442$631,770$0$9,920,570
99$14,729,164$563,994$0$10,831,885
100$16,129,695$489,786$0$11,834,010