Can I retire at age 66 with 999,000?

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 $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%15.3%
1 years$82,496$81,762$81,045$80,345$79,662$77,926
2 years$40,840$40,079$39,342$38,627$37,934$36,194
3 years$26,956$26,192$25,457$24,749$24,067$22,377
4 years$20,016$19,254$18,526$17,830$17,165$15,538
5 years$15,852$15,095$14,377$13,695$13,048$11,489
6 years$13,078$12,327$11,619$10,952$10,325$8,835
7 years$11,097$10,352$9,655$9,004$8,397$6,976
8 years$9,612$8,873$8,188$7,554$6,966$5,615
9 years$8,457$7,726$7,053$6,434$5,866$4,583
10 years$7,534$6,810$6,149$5,546$4,998$3,782
11 years$6,779$6,063$5,413$4,827$4,299$3,148
12 years$6,151$5,441$4,804$4,234$3,725$2,638
13 years$5,620$4,917$4,292$3,738$3,248$2,222
14 years$5,164$4,470$3,857$3,318$2,848$1,881
15 years$4,770$4,083$3,482$2,959$2,507$1,598
16 years$4,426$3,746$3,157$2,650$2,216$1,362
17 years$4,122$3,450$2,873$2,381$1,965$1,163
18 years$3,853$3,188$2,622$2,145$1,747$996
19 years$3,612$2,955$2,401$1,939$1,557$854
20 years$3,395$2,746$2,203$1,756$1,391$734
21 years$3,200$2,558$2,026$1,593$1,245$631
22 years$3,022$2,387$1,868$1,449$1,116$544
23 years$2,860$2,233$1,725$1,319$1,001$469
24 years$2,712$2,092$1,595$1,203$900$405
25 years$2,576$1,963$1,477$1,099$810$349
26 years$2,450$1,845$1,370$1,005$730$302
27 years$2,334$1,736$1,272$920$658$261
28 years$2,227$1,636$1,183$843$594$226
29 years$2,127$1,544$1,101$773$536$195
30 years$2,034$1,458$1,025$709$484$169
31 years$1,947$1,378$956$651$438$146
32 years$1,865$1,304$892$599$396$127
33 years$1,789$1,235$833$550$358$110
34 years$1,717$1,170$778$507$325$95
35 years$1,650$1,110$727$466$294$82
36 years$1,587$1,054$680$429$266$71
37 years$1,527$1,001$637$396$241$62
38 years$1,470$951$596$365$219$54
39 years$1,417$904$559$336$198$46
40 years$1,366$860$524$310$180$40
41 years$1,318$819$491$286$163$35
42 years$1,272$780$461$264$148$30
43 years$1,228$743$432$244$134$26
44 years$1,187$708$406$225$122$23
45 years$1,147$676$381$208$111$20
46 years$1,110$644$358$192$101$17
47 years$1,074$615$336$177$91$15
48 years$1,040$587$316$164$83$13
49 years$1,007$561$297$151$75$11
50 years$975$536$279$140$68$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $999,000, adding $4,205 every year, while hoping to spend $33,573 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: 44/48/8 Blend
65$999,000$999,000$999,000$999,000
66$1,105,235$1,052,288$1,036,804$1,151,169
67$1,182,248$1,068,129$1,035,815$1,199,253
68$1,265,991$1,083,621$1,033,669$1,247,561
69$1,357,114$1,098,711$1,030,289$1,299,147
70$1,456,336$1,113,343$1,025,599$1,354,322
71$1,564,442$1,127,458$1,019,518$1,413,432
72$1,682,302$1,140,990$1,011,958$1,476,860
73$1,810,870$1,153,871$1,002,831$1,545,024
74$1,951,196$1,166,028$992,044$1,618,391
75$2,104,437$1,177,383$979,496$1,697,474
76$2,271,867$1,187,852$965,087$1,782,840
77$2,454,887$1,197,346$948,707$1,875,115
78$2,655,041$1,205,771$930,244$1,974,990
79$2,874,027$1,213,027$909,579$2,083,230
80$3,113,718$1,219,005$886,590$2,200,676
81$3,376,174$1,223,592$861,147$2,328,262
82$3,663,662$1,226,667$833,115$2,467,013
83$3,978,683$1,228,101$802,351$2,618,066
84$4,323,988$1,227,757$768,709$2,782,674
85$4,702,607$1,225,490$732,034$2,962,221
86$5,117,879$1,221,145$692,163$3,158,234
87$5,573,481$1,214,559$648,928$3,372,399
88$6,073,462$1,205,558$602,153$3,606,579
89$6,622,282$1,193,958$551,652$3,862,828
90$7,224,856$1,179,563$497,234$4,143,414
91$7,886,596$1,162,166$438,696$4,450,843
92$8,613,465$1,141,548$375,828$4,787,876
93$9,412,031$1,117,477$308,411$5,157,564
94$10,289,531$1,089,706$236,216$5,563,273
95$11,253,936$1,057,975$159,002$6,008,717
96$12,314,029$1,022,007$76,520$6,497,996
97$13,479,486$981,511$0$7,035,631
98$14,760,966$936,178$0$7,627,597
99$16,170,214$885,680$0$8,285,453
100$17,720,169$829,672$0$9,008,759