Can I retire at age 66 with 903,000?

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 $903,000?

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$74,569$73,905$73,257$72,624$72,006$71,195
2 years$36,915$36,228$35,561$34,915$34,289$33,472
3 years$24,366$23,675$23,011$22,371$21,754$20,957
4 years$18,092$17,404$16,746$16,117$15,515$14,745
5 years$14,329$13,645$12,995$12,379$11,794$11,052
6 years$11,821$11,142$10,502$9,900$9,333$8,619
7 years$10,030$9,357$8,727$8,139$7,590$6,906
8 years$8,688$8,021$7,402$6,828$6,297$5,642
9 years$7,644$6,983$6,375$5,816$5,303$4,678
10 years$6,810$6,156$5,558$5,013$4,518$3,922
11 years$6,128$5,480$4,893$4,363$3,886$3,318
12 years$5,560$4,919$4,342$3,827$3,367$2,827
13 years$5,080$4,445$3,880$3,379$2,936$2,423
14 years$4,668$4,040$3,486$2,999$2,574$2,087
15 years$4,312$3,691$3,147$2,675$2,266$1,805
16 years$4,001$3,386$2,854$2,395$2,003$1,566
17 years$3,726$3,119$2,597$2,152$1,776$1,363
18 years$3,483$2,882$2,370$1,939$1,579$1,189
19 years$3,265$2,671$2,170$1,752$1,408$1,040
20 years$3,069$2,482$1,991$1,587$1,257$911
21 years$2,892$2,312$1,832$1,440$1,125$799
22 years$2,732$2,158$1,688$1,310$1,008$702
23 years$2,585$2,018$1,559$1,193$905$618
24 years$2,451$1,891$1,442$1,088$814$544
25 years$2,328$1,775$1,335$993$732$479
26 years$2,215$1,668$1,238$908$660$423
27 years$2,110$1,570$1,150$831$595$373
28 years$2,013$1,479$1,069$762$537$330
29 years$1,922$1,395$995$699$484$291
30 years$1,838$1,318$927$641$438$257
31 years$1,760$1,246$864$589$396$228
32 years$1,686$1,179$806$541$358$201
33 years$1,617$1,116$753$498$324$178
34 years$1,552$1,058$703$458$293$158
35 years$1,492$1,003$657$421$266$140
36 years$1,434$952$615$388$241$124
37 years$1,380$905$576$358$218$110
38 years$1,329$860$539$330$198$97
39 years$1,280$817$505$304$179$86
40 years$1,235$778$473$280$163$76
41 years$1,191$740$444$259$148$68
42 years$1,150$705$416$239$134$60
43 years$1,110$672$391$220$122$53
44 years$1,073$640$367$203$110$47
45 years$1,037$611$344$188$100$42
46 years$1,003$583$323$174$91$37
47 years$971$556$304$160$83$33
48 years$940$531$286$148$75$29
49 years$910$507$268$137$68$26
50 years$882$484$252$127$62$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $903,000, adding $3,072 every year, while hoping to spend $30,102 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: 58/21/21 Blend
65$903,000$903,000$903,000$903,000
66$998,275$950,416$936,419$1,050,418
67$1,068,070$964,958$935,761$1,100,781
68$1,143,977$979,204$934,072$1,152,146
69$1,226,584$993,107$931,285$1,207,483
70$1,316,545$1,006,618$927,332$1,267,182
71$1,414,574$1,019,683$922,139$1,331,675
72$1,521,459$1,032,247$915,630$1,401,434
73$1,638,069$1,044,248$907,725$1,476,985
74$1,765,358$1,055,622$898,340$1,558,904
75$1,904,377$1,066,300$887,386$1,647,830
76$2,056,283$1,076,208$874,773$1,744,467
77$2,222,350$1,085,268$860,404$1,849,589
78$2,403,979$1,093,396$844,177$1,964,053
79$2,602,716$1,100,504$825,988$2,088,804
80$2,820,260$1,106,496$805,726$2,224,884
81$3,058,484$1,111,271$783,275$2,373,442
82$3,319,449$1,114,723$758,514$2,535,746
83$3,605,426$1,116,738$731,318$2,713,195
84$3,918,916$1,117,194$701,553$2,907,333
85$4,262,672$1,115,963$669,082$3,119,860
86$4,639,728$1,112,909$633,760$3,352,655
87$5,053,425$1,107,887$595,436$3,607,789
88$5,507,444$1,100,742$553,952$3,887,546
89$6,005,837$1,091,312$509,143$4,194,444
90$6,553,070$1,079,425$460,837$4,531,264
91$7,154,062$1,064,895$408,854$4,901,068
92$7,814,232$1,047,530$353,006$5,307,239
93$8,539,548$1,027,124$293,096$5,753,501
94$9,336,587$1,003,458$228,920$6,243,968
95$10,212,592$976,301$160,263$6,783,170
96$11,175,547$945,410$86,901$7,376,109
97$12,234,242$910,525$8,602$8,028,296
98$13,398,366$871,372$0$8,745,810
99$14,678,593$827,662$0$9,552,151
100$16,086,680$779,089$0$10,441,061