Can I retire at age 66 with 999,000?

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 $999,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.2%
1 years$82,496$81,762$81,045$80,345$79,662$77,329
2 years$40,840$40,079$39,342$38,627$37,934$35,602
3 years$26,956$26,192$25,457$24,749$24,067$21,810
4 years$20,016$19,254$18,526$17,830$17,165$14,999
5 years$15,852$15,095$14,377$13,695$13,048$10,981
6 years$13,078$12,327$11,619$10,952$10,325$8,357
7 years$11,097$10,352$9,655$9,004$8,397$6,528
8 years$9,612$8,873$8,188$7,554$6,966$5,196
9 years$8,457$7,726$7,053$6,434$5,866$4,193
10 years$7,534$6,810$6,149$5,546$4,998$3,419
11 years$6,779$6,063$5,413$4,827$4,299$2,812
12 years$6,151$5,441$4,804$4,234$3,725$2,327
13 years$5,620$4,917$4,292$3,738$3,248$1,936
14 years$5,164$4,470$3,857$3,318$2,848$1,617
15 years$4,770$4,083$3,482$2,959$2,507$1,356
16 years$4,426$3,746$3,157$2,650$2,216$1,140
17 years$4,122$3,450$2,873$2,381$1,965$960
18 years$3,853$3,188$2,622$2,145$1,747$811
19 years$3,612$2,955$2,401$1,939$1,557$686
20 years$3,395$2,746$2,203$1,756$1,391$581
21 years$3,200$2,558$2,026$1,593$1,245$492
22 years$3,022$2,387$1,868$1,449$1,116$418
23 years$2,860$2,233$1,725$1,319$1,001$355
24 years$2,712$2,092$1,595$1,203$900$302
25 years$2,576$1,963$1,477$1,099$810$256
26 years$2,450$1,845$1,370$1,005$730$218
27 years$2,334$1,736$1,272$920$658$186
28 years$2,227$1,636$1,183$843$594$158
29 years$2,127$1,544$1,101$773$536$135
30 years$2,034$1,458$1,025$709$484$115
31 years$1,947$1,378$956$651$438$98
32 years$1,865$1,304$892$599$396$83
33 years$1,789$1,235$833$550$358$71
34 years$1,717$1,170$778$507$325$61
35 years$1,650$1,110$727$466$294$52
36 years$1,587$1,054$680$429$266$44
37 years$1,527$1,001$637$396$241$38
38 years$1,470$951$596$365$219$32
39 years$1,417$904$559$336$198$27
40 years$1,366$860$524$310$180$23
41 years$1,318$819$491$286$163$20
42 years$1,272$780$461$264$148$17
43 years$1,228$743$432$244$134$14
44 years$1,187$708$406$225$122$12
45 years$1,147$676$381$208$111$11
46 years$1,110$644$358$192$101$9
47 years$1,074$615$336$177$91$8
48 years$1,040$587$316$164$83$7
49 years$1,007$561$297$151$75$6
50 years$975$536$279$140$68$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $999,000, adding $3,609 every year, while hoping to spend $40,701 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: 65/22/13 Blend
65$999,000$999,000$999,000$999,000
66$1,104,621$1,051,674$1,036,189$1,172,859
67$1,173,986$1,059,900$1,027,596$1,227,119
68$1,249,063$1,067,166$1,017,351$1,281,308
69$1,330,391$1,073,380$1,005,355$1,339,501
70$1,418,563$1,078,447$991,506$1,402,085
71$1,514,231$1,082,266$975,697$1,469,491
72$1,618,113$1,084,727$957,813$1,542,193
73$1,730,998$1,085,716$937,737$1,620,713
74$1,853,754$1,085,111$915,345$1,705,629
75$1,987,336$1,082,781$890,509$1,797,577
76$2,132,796$1,078,588$863,092$1,897,261
77$2,291,289$1,072,387$832,954$2,005,456
78$2,464,088$1,064,021$799,945$2,123,018
79$2,652,594$1,053,327$763,912$2,250,892
80$2,858,348$1,040,130$724,693$2,390,120
81$3,083,048$1,024,245$682,119$2,541,852
82$3,328,561$1,005,475$636,012$2,707,359
83$3,596,944$983,614$586,189$2,888,040
84$3,890,462$958,441$532,456$3,085,440
85$4,211,608$929,723$474,611$3,301,266
86$4,563,127$897,214$412,446$3,537,398
87$4,948,041$860,653$345,738$3,795,912
88$5,369,680$819,763$274,259$4,079,099
89$5,831,710$774,254$197,769$4,389,485
90$6,338,168$723,817$116,018$4,729,857
91$6,893,501$668,123$28,745$5,103,290
92$7,502,607$606,830$0$5,513,176
93$8,170,879$539,571$0$5,972,190
94$8,904,259$465,961$0$6,480,361
95$9,709,293$385,592$0$7,038,292
96$10,593,190$298,035$0$7,651,049
97$11,563,890$202,834$0$8,324,214
98$12,630,144$99,509$0$9,063,943
99$13,801,587$0$0$9,877,022
100$15,088,838$0$0$10,773,945