Can I retire at age 66 with 957,000?

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 $957,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$79,028$78,324$77,637$76,967$76,313$75,453
2 years$39,123$38,394$37,688$37,003$36,339$35,474
3 years$25,823$25,091$24,387$23,708$23,055$22,211
4 years$19,174$18,445$17,747$17,081$16,443$15,626
5 years$15,186$14,461$13,773$13,120$12,500$11,713
6 years$12,528$11,808$11,130$10,492$9,891$9,135
7 years$10,630$9,917$9,249$8,626$8,044$7,319
8 years$9,208$8,500$7,844$7,236$6,673$5,980
9 years$8,102$7,401$6,756$6,164$5,620$4,957
10 years$7,217$6,524$5,890$5,313$4,788$4,156
11 years$6,494$5,808$5,186$4,624$4,118$3,516
12 years$5,892$5,213$4,602$4,056$3,569$2,996
13 years$5,383$4,711$4,112$3,581$3,112$2,568
14 years$4,947$4,282$3,694$3,178$2,728$2,212
15 years$4,570$3,912$3,336$2,835$2,402$1,913
16 years$4,240$3,589$3,024$2,538$2,123$1,660
17 years$3,949$3,305$2,752$2,280$1,882$1,445
18 years$3,691$3,054$2,512$2,055$1,674$1,260
19 years$3,460$2,831$2,300$1,857$1,492$1,102
20 years$3,253$2,630$2,111$1,682$1,332$965
21 years$3,065$2,450$1,941$1,526$1,192$847
22 years$2,895$2,287$1,789$1,388$1,069$744
23 years$2,740$2,139$1,652$1,264$959$655
24 years$2,598$2,004$1,528$1,153$862$576
25 years$2,467$1,881$1,415$1,053$776$508
26 years$2,347$1,768$1,312$963$699$448
27 years$2,236$1,663$1,219$881$630$395
28 years$2,133$1,568$1,133$807$569$349
29 years$2,037$1,479$1,054$740$513$309
30 years$1,948$1,397$982$679$464$273
31 years$1,865$1,320$916$624$419$241
32 years$1,787$1,249$854$573$379$214
33 years$1,714$1,183$798$527$343$189
34 years$1,645$1,121$745$485$311$167
35 years$1,581$1,063$697$447$282$148
36 years$1,520$1,009$652$411$255$131
37 years$1,463$959$610$379$231$116
38 years$1,408$911$571$349$210$103
39 years$1,357$866$535$322$190$91
40 years$1,308$824$502$297$172$81
41 years$1,262$785$470$274$156$72
42 years$1,218$747$441$253$142$64
43 years$1,177$712$414$234$129$56
44 years$1,137$679$389$216$117$50
45 years$1,099$647$365$199$106$44
46 years$1,063$617$343$184$96$39
47 years$1,029$589$322$170$88$35
48 years$996$562$303$157$79$31
49 years$964$537$284$145$72$27
50 years$934$513$267$134$66$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $957,000, adding $5,626 every year, while hoping to spend $51,438 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: 41/31/28 Blend
65$957,000$957,000$957,000$957,000
66$1,060,417$1,009,696$994,863$1,094,969
67$1,113,850$1,004,442$973,461$1,115,228
68$1,171,009$997,206$949,618$1,131,915
69$1,232,220$987,837$923,199$1,148,998
70$1,297,841$976,175$894,060$1,166,543
71$1,368,262$962,049$862,052$1,184,631
72$1,443,915$945,279$827,021$1,203,351
73$1,525,271$925,675$788,803$1,222,809
74$1,612,849$903,033$747,228$1,243,122
75$1,707,218$877,140$702,119$1,264,428
76$1,809,003$847,769$653,288$1,286,882
77$1,918,891$814,679$600,543$1,310,659
78$2,037,636$777,617$543,681$1,335,959
79$2,166,069$736,315$482,488$1,363,010
80$2,305,101$690,487$416,744$1,392,065
81$2,455,734$639,833$346,217$1,423,415
82$2,619,070$584,036$270,667$1,457,383
83$2,796,321$522,760$189,840$1,494,334
84$2,988,821$455,650$103,475$1,534,681
85$3,198,034$382,330$11,294$1,578,884
86$3,425,574$302,405$0$1,627,460
87$3,673,216$215,456$0$1,707,003
88$3,942,911$121,041$0$1,797,439
89$4,236,809$18,692$0$1,896,208
90$4,557,273$0$0$2,004,217
91$4,906,906$0$0$2,153,883
92$5,288,573$0$0$2,324,339
93$5,705,427$0$0$2,510,630
94$6,160,938$0$0$2,714,322
95$6,658,929$0$0$2,937,141
96$7,203,606$0$0$3,180,985
97$7,799,603$0$0$3,447,945
98$8,452,020$0$0$3,740,324
99$9,166,474$0$0$4,060,657
100$9,949,152$0$0$4,411,737