Can I retire at age 66 with 913,000?

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 $913,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$75,395$74,723$74,068$73,428$72,804$72,014
2 years$37,324$36,629$35,955$35,302$34,669$33,873
3 years$24,636$23,937$23,265$22,618$21,995$21,219
4 years$18,293$17,597$16,931$16,295$15,687$14,936
5 years$14,488$13,796$13,139$12,516$11,925$11,201
6 years$11,952$11,265$10,619$10,009$9,436$8,741
7 years$10,141$9,461$8,824$8,229$7,674$7,007
8 years$8,784$8,110$7,484$6,903$6,366$5,728
9 years$7,729$7,061$6,446$5,880$5,361$4,751
10 years$6,886$6,224$5,619$5,069$4,568$3,986
11 years$6,196$5,541$4,947$4,411$3,929$3,374
12 years$5,621$4,973$4,391$3,869$3,405$2,877
13 years$5,136$4,494$3,923$3,416$2,969$2,467
14 years$4,720$4,085$3,525$3,032$2,602$2,127
15 years$4,360$3,732$3,182$2,704$2,291$1,840
16 years$4,045$3,424$2,885$2,421$2,025$1,598
17 years$3,767$3,153$2,625$2,176$1,796$1,392
18 years$3,521$2,914$2,397$1,961$1,597$1,215
19 years$3,301$2,700$2,194$1,772$1,423$1,063
20 years$3,103$2,509$2,014$1,605$1,271$932
21 years$2,924$2,337$1,852$1,456$1,138$818
22 years$2,762$2,182$1,707$1,324$1,020$720
23 years$2,614$2,041$1,576$1,206$915$633
24 years$2,478$1,912$1,458$1,100$823$558
25 years$2,354$1,794$1,350$1,004$740$492
26 years$2,239$1,686$1,252$918$667$435
27 years$2,133$1,587$1,163$841$601$384
28 years$2,035$1,495$1,081$770$542$339
29 years$1,944$1,411$1,006$706$490$300
30 years$1,858$1,332$937$648$443$266
31 years$1,779$1,259$873$595$400$235
32 years$1,705$1,192$815$547$362$208
33 years$1,635$1,129$761$503$328$184
34 years$1,570$1,070$711$463$297$163
35 years$1,508$1,015$665$426$269$145
36 years$1,450$963$622$392$243$128
37 years$1,395$915$582$362$221$114
38 years$1,344$869$545$333$200$101
39 years$1,295$826$511$307$181$90
40 years$1,248$786$479$283$164$79
41 years$1,204$749$449$262$149$70
42 years$1,162$713$421$241$135$63
43 years$1,123$679$395$223$123$55
44 years$1,085$647$371$206$112$49
45 years$1,049$617$348$190$101$44
46 years$1,014$589$327$175$92$39
47 years$981$562$307$162$83$34
48 years$950$537$289$150$76$31
49 years$920$512$271$138$69$27
50 years$891$489$255$128$63$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $913,000, adding $4,986 every year, while hoping to spend $54,582 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: 42/46/12 Blend
65$913,000$913,000$913,000$913,000
66$1,011,269$962,880$948,729$1,049,988
67$1,056,344$951,986$922,436$1,066,721
68$1,104,187$938,730$893,434$1,078,997
69$1,155,022$922,936$861,572$1,091,085
70$1,209,097$904,422$826,698$1,102,989
71$1,266,680$882,994$788,647$1,114,721
72$1,328,065$858,444$747,250$1,126,296
73$1,393,575$830,555$702,330$1,137,736
74$1,463,563$799,097$653,702$1,149,072
75$1,538,418$763,823$601,172$1,160,340
76$1,618,563$724,477$544,538$1,171,587
77$1,704,465$680,785$483,589$1,182,871
78$1,796,634$632,457$418,102$1,194,262
79$1,895,631$579,188$347,849$1,205,843
80$2,002,072$520,655$272,589$1,217,714
81$2,116,632$456,515$192,069$1,229,991
82$2,240,053$386,409$106,028$1,242,811
83$2,373,150$309,955$14,191$1,256,334
84$2,516,818$226,749$0$1,270,744
85$2,672,041$136,367$0$1,296,987
86$2,839,899$38,360$0$1,327,211
87$3,021,582$0$0$1,359,920
88$3,218,394$0$0$1,429,768
89$3,431,773$0$0$1,526,643
90$3,663,297$0$0$1,631,858
91$3,914,703$0$0$1,746,213
92$4,187,901$0$0$1,870,592
93$4,484,994$0$0$2,005,965
94$4,808,293$0$0$2,153,399
95$5,160,342$0$0$2,314,071
96$5,543,941$0$0$2,489,274
97$5,962,169$0$0$2,680,432
98$6,418,419$0$0$2,889,111
99$6,916,421$0$0$3,117,036
100$7,460,284$0$0$3,366,107