Can I retire at age 66 with 955,000?

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 $955,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$78,863$78,161$77,475$76,806$76,153$74,524
2 years$39,041$38,314$37,609$36,926$36,263$34,630
3 years$25,769$25,039$24,336$23,659$23,007$21,420
4 years$19,134$18,406$17,710$17,045$16,409$14,881
5 years$15,154$14,431$13,744$13,092$12,474$11,009
6 years$12,502$11,784$11,107$10,470$9,870$8,471
7 years$10,608$9,896$9,230$8,608$8,027$6,693
8 years$9,188$8,483$7,828$7,221$6,659$5,389
9 years$8,085$7,386$6,742$6,151$5,608$4,402
10 years$7,202$6,510$5,878$5,302$4,778$3,635
11 years$6,481$5,796$5,175$4,614$4,109$3,027
12 years$5,880$5,202$4,592$4,047$3,561$2,538
13 years$5,372$4,701$4,103$3,573$3,105$2,140
14 years$4,937$4,273$3,687$3,172$2,722$1,812
15 years$4,560$3,903$3,329$2,829$2,397$1,541
16 years$4,231$3,581$3,018$2,533$2,118$1,314
17 years$3,941$3,298$2,746$2,276$1,878$1,123
18 years$3,683$3,048$2,507$2,051$1,670$963
19 years$3,453$2,825$2,295$1,853$1,489$826
20 years$3,246$2,625$2,106$1,678$1,330$710
21 years$3,059$2,445$1,937$1,523$1,190$612
22 years$2,889$2,282$1,785$1,385$1,067$527
23 years$2,734$2,134$1,649$1,261$957$455
24 years$2,592$2,000$1,525$1,150$861$393
25 years$2,462$1,877$1,412$1,051$774$339
26 years$2,342$1,764$1,310$961$697$293
27 years$2,231$1,660$1,216$879$629$254
28 years$2,128$1,564$1,131$806$567$220
29 years$2,033$1,476$1,052$739$512$190
30 years$1,944$1,394$980$678$463$165
31 years$1,861$1,317$914$623$419$143
32 years$1,783$1,247$852$572$379$124
33 years$1,710$1,181$796$526$343$107
34 years$1,642$1,119$744$484$310$93
35 years$1,577$1,061$695$446$281$81
36 years$1,517$1,007$650$411$255$70
37 years$1,460$957$609$378$231$61
38 years$1,405$909$570$349$209$53
39 years$1,354$865$534$321$190$46
40 years$1,306$823$501$296$172$40
41 years$1,260$783$469$274$156$34
42 years$1,216$746$440$252$142$30
43 years$1,174$710$413$233$129$26
44 years$1,135$677$388$215$117$22
45 years$1,097$646$364$199$106$19
46 years$1,061$616$342$184$96$17
47 years$1,027$588$321$170$87$15
48 years$994$561$302$157$79$13
49 years$962$536$284$145$72$11
50 years$932$512$267$134$65$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $955,000, adding $4,162 every year, while hoping to spend $26,883 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: 53/38/9 Blend
65$955,000$955,000$955,000$955,000
66$1,056,703$1,006,088$991,286$1,110,104
67$1,135,884$1,026,783$995,890$1,167,518
68$1,222,239$1,047,591$999,748$1,226,677
69$1,316,474$1,068,489$1,002,806$1,290,401
70$1,419,362$1,089,453$1,005,008$1,359,127
71$1,531,756$1,110,455$1,006,294$1,433,338
72$1,654,594$1,131,466$1,006,604$1,513,565
73$1,788,909$1,152,455$1,005,872$1,600,391
74$1,935,839$1,173,386$1,004,030$1,694,461
75$2,096,636$1,194,224$1,001,007$1,796,487
76$2,272,680$1,214,928$996,728$1,907,249
77$2,465,490$1,235,456$991,114$2,027,612
78$2,676,737$1,255,761$984,084$2,158,526
79$2,908,265$1,275,793$975,551$2,301,040
80$3,162,100$1,295,500$965,425$2,456,308
81$3,440,479$1,314,824$953,611$2,625,604
82$3,745,861$1,333,703$940,010$2,810,331
83$4,080,958$1,352,074$924,520$3,012,038
84$4,448,755$1,369,864$907,030$3,232,431
85$4,852,540$1,387,000$887,428$3,473,388
86$5,295,937$1,403,401$865,594$3,736,985
87$5,782,936$1,418,981$841,405$4,025,505
88$6,317,934$1,433,649$814,731$4,341,469
89$6,905,773$1,447,308$785,434$4,687,653
90$7,551,790$1,459,854$753,374$5,067,119
91$8,261,861$1,471,175$718,401$5,483,242
92$9,042,463$1,481,155$680,359$5,939,744
93$9,900,730$1,489,667$639,087$6,440,725
94$10,844,522$1,496,578$594,414$6,990,709
95$11,882,499$1,501,747$546,163$7,594,680
96$13,024,203$1,505,021$494,148$8,258,133
97$14,280,145$1,506,241$438,176$8,987,127
98$15,661,910$1,505,237$378,045$9,788,339
99$17,182,258$1,501,826$313,542$10,669,133
100$18,855,250$1,495,818$244,448$11,637,623