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%12.1%
1 years$78,863$78,161$77,475$76,806$76,153$75,483
2 years$39,041$38,314$37,609$36,926$36,263$35,589
3 years$25,769$25,039$24,336$23,659$23,007$22,348
4 years$19,134$18,406$17,710$17,045$16,409$15,771
5 years$15,154$14,431$13,744$13,092$12,474$11,858
6 years$12,502$11,784$11,107$10,470$9,870$9,278
7 years$10,608$9,896$9,230$8,608$8,027$7,459
8 years$9,188$8,483$7,828$7,221$6,659$6,115
9 years$8,085$7,386$6,742$6,151$5,608$5,087
10 years$7,202$6,510$5,878$5,302$4,778$4,281
11 years$6,481$5,796$5,175$4,614$4,109$3,635
12 years$5,880$5,202$4,592$4,047$3,561$3,109
13 years$5,372$4,701$4,103$3,573$3,105$2,675
14 years$4,937$4,273$3,687$3,172$2,722$2,313
15 years$4,560$3,903$3,329$2,829$2,397$2,009
16 years$4,231$3,581$3,018$2,533$2,118$1,750
17 years$3,941$3,298$2,746$2,276$1,878$1,530
18 years$3,683$3,048$2,507$2,051$1,670$1,340
19 years$3,453$2,825$2,295$1,853$1,489$1,177
20 years$3,246$2,625$2,106$1,678$1,330$1,036
21 years$3,059$2,445$1,937$1,523$1,190$913
22 years$2,889$2,282$1,785$1,385$1,067$805
23 years$2,734$2,134$1,649$1,261$957$712
24 years$2,592$2,000$1,525$1,150$861$630
25 years$2,462$1,877$1,412$1,051$774$557
26 years$2,342$1,764$1,310$961$697$494
27 years$2,231$1,660$1,216$879$629$438
28 years$2,128$1,564$1,131$806$567$389
29 years$2,033$1,476$1,052$739$512$345
30 years$1,944$1,394$980$678$463$307
31 years$1,861$1,317$914$623$419$273
32 years$1,783$1,247$852$572$379$242
33 years$1,710$1,181$796$526$343$216
34 years$1,642$1,119$744$484$310$192
35 years$1,577$1,061$695$446$281$171
36 years$1,517$1,007$650$411$255$152
37 years$1,460$957$609$378$231$135
38 years$1,405$909$570$349$209$121
39 years$1,354$865$534$321$190$107
40 years$1,306$823$501$296$172$96
41 years$1,260$783$469$274$156$85
42 years$1,216$746$440$252$142$76
43 years$1,174$710$413$233$129$68
44 years$1,135$677$388$215$117$60
45 years$1,097$646$364$199$106$54
46 years$1,061$616$342$184$96$48
47 years$1,027$588$321$170$87$43
48 years$994$561$302$157$79$38
49 years$962$536$284$145$72$34
50 years$932$512$267$134$65$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $955,000, adding $4,488 every year, while hoping to spend $23,698 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: 48/46/6 Blend
65$955,000$955,000$955,000$955,000
66$1,057,039$1,006,424$991,622$1,105,922
67$1,139,643$1,030,525$999,627$1,163,935
68$1,229,878$1,055,012$1,007,105$1,224,004
69$1,328,497$1,079,879$1,014,015$1,288,658
70$1,436,331$1,105,120$1,020,312$1,358,330
71$1,554,292$1,130,726$1,025,948$1,433,496
72$1,683,386$1,156,688$1,030,873$1,514,681
73$1,824,719$1,182,994$1,035,036$1,602,461
74$1,979,513$1,209,633$1,038,381$1,697,472
75$2,149,108$1,236,590$1,040,852$1,800,415
76$2,334,984$1,263,850$1,042,388$1,912,060
77$2,538,770$1,291,395$1,042,925$2,033,257
78$2,762,258$1,319,208$1,042,397$2,164,941
79$3,007,425$1,347,266$1,040,734$2,308,143
80$3,276,447$1,375,546$1,037,863$2,463,997
81$3,571,721$1,404,024$1,033,707$2,633,757
82$3,895,886$1,432,671$1,028,186$2,818,798
83$4,251,851$1,461,457$1,021,215$3,020,641
84$4,642,820$1,490,349$1,012,706$3,240,957
85$5,072,323$1,519,310$1,002,567$3,481,592
86$5,544,246$1,548,303$990,699$3,744,577
87$6,062,875$1,577,285$977,003$4,032,152
88$6,632,926$1,606,210$961,370$4,346,783
89$7,259,599$1,635,029$943,691$4,691,190
90$7,948,621$1,663,689$923,848$5,068,369
91$8,706,303$1,692,132$901,719$5,481,624
92$9,539,596$1,720,296$877,177$5,934,595
93$10,456,161$1,748,117$850,088$6,431,292
94$11,464,436$1,775,521$820,313$6,976,138
95$12,573,720$1,802,434$787,705$7,574,004
96$13,794,259$1,828,772$752,113$8,230,262
97$15,137,340$1,854,449$713,375$8,950,829
98$16,615,401$1,879,369$671,326$9,742,230
99$18,242,148$1,903,434$625,791$10,611,655
100$20,032,680$1,926,535$576,587$11,567,029