Can I retire at age 66 with 987,000?

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 $987,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$81,506$80,780$80,071$79,380$78,705$77,561
2 years$40,349$39,598$38,870$38,163$37,478$36,328
3 years$26,632$25,878$25,151$24,452$23,778$22,657
4 years$19,775$19,023$18,304$17,616$16,959$15,876
5 years$15,662$14,914$14,204$13,531$12,892$11,851
6 years$12,921$12,178$11,479$10,821$10,201$9,202
7 years$10,963$10,227$9,539$8,896$8,296$7,340
8 years$9,496$8,767$8,090$7,463$6,882$5,970
9 years$8,356$7,633$6,968$6,357$5,796$4,926
10 years$7,444$6,728$6,075$5,480$4,938$4,110
11 years$6,698$5,990$5,348$4,769$4,247$3,459
12 years$6,077$5,376$4,746$4,183$3,680$2,933
13 years$5,552$4,858$4,241$3,693$3,209$2,501
14 years$5,102$4,416$3,810$3,278$2,813$2,142
15 years$4,713$4,034$3,440$2,924$2,477$1,843
16 years$4,373$3,701$3,119$2,618$2,189$1,590
17 years$4,073$3,409$2,838$2,352$1,941$1,376
18 years$3,806$3,150$2,591$2,120$1,726$1,194
19 years$3,568$2,919$2,372$1,915$1,538$1,038
20 years$3,355$2,713$2,177$1,735$1,374$904
21 years$3,161$2,527$2,002$1,574$1,230$788
22 years$2,986$2,359$1,845$1,431$1,102$688
23 years$2,826$2,206$1,704$1,304$989$602
24 years$2,679$2,067$1,576$1,189$889$526
25 years$2,545$1,940$1,459$1,086$800$461
26 years$2,421$1,823$1,354$993$721$404
27 years$2,306$1,716$1,257$909$650$354
28 years$2,200$1,617$1,168$833$586$311
29 years$2,101$1,525$1,087$764$530$273
30 years$2,009$1,440$1,013$701$478$240
31 years$1,923$1,362$944$644$433$211
32 years$1,843$1,288$881$591$391$185
33 years$1,768$1,220$823$544$354$163
34 years$1,697$1,156$769$500$321$143
35 years$1,630$1,097$719$461$290$126
36 years$1,568$1,041$672$424$263$111
37 years$1,508$989$629$391$238$98
38 years$1,452$940$589$360$216$86
39 years$1,400$893$552$332$196$76
40 years$1,349$850$517$306$178$67
41 years$1,302$809$485$283$161$59
42 years$1,257$771$455$261$146$52
43 years$1,214$734$427$241$133$45
44 years$1,173$700$401$222$121$40
45 years$1,134$667$376$205$109$35
46 years$1,097$637$354$190$99$31
47 years$1,061$608$332$175$90$27
48 years$1,027$580$312$162$82$24
49 years$995$554$293$150$74$21
50 years$964$529$276$138$68$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $987,000, adding $3,246 every year, while hoping to spend $34,886 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: 54/32/14 Blend
65$987,000$987,000$987,000$987,000
66$1,091,022$1,038,711$1,023,413$1,145,745
67$1,165,188$1,052,490$1,020,579$1,197,148
68$1,245,750$1,065,774$1,016,480$1,249,043
69$1,333,322$1,078,503$1,011,039$1,304,732
70$1,428,583$1,090,612$1,004,171$1,364,585
71$1,532,278$1,102,031$995,789$1,429,009
72$1,645,226$1,112,686$985,804$1,498,454
73$1,768,329$1,122,497$974,118$1,573,415
74$1,902,580$1,131,381$960,633$1,654,443
75$2,049,072$1,139,248$945,243$1,742,141
76$2,209,007$1,146,002$927,839$1,837,177
77$2,383,711$1,151,540$908,306$1,940,289
78$2,574,640$1,155,756$886,525$2,052,291
79$2,783,399$1,158,534$862,369$2,174,081
80$3,011,754$1,159,751$835,707$2,306,650
81$3,261,653$1,159,278$806,403$2,451,093
82$3,535,236$1,156,978$774,312$2,608,617
83$3,834,863$1,152,702$739,284$2,780,556
84$4,163,131$1,146,297$701,162$2,968,381
85$4,522,901$1,137,596$659,783$3,173,715
86$4,917,325$1,126,427$614,973$3,398,350
87$5,349,872$1,112,602$566,555$3,644,263
88$5,824,365$1,095,925$514,340$3,913,635
89$6,345,014$1,076,189$458,134$4,208,874
90$6,916,456$1,053,172$397,732$4,532,636
91$7,543,798$1,026,641$332,920$4,887,852
92$8,232,668$996,350$263,475$5,277,754
93$8,989,264$962,035$189,166$5,705,910
94$9,820,414$923,419$109,748$6,176,255
95$10,733,640$880,211$24,968$6,693,130
96$11,737,229$832,099$0$7,261,325
97$12,840,310$778,755$0$7,895,907
98$14,052,940$719,832$0$8,597,535
99$15,386,200$654,965$0$9,368,945
100$16,852,299$583,764$0$10,217,272