Can I retire at age 66 with 914,000?

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 $914,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.9%
1 years$75,477$74,805$74,149$73,509$72,884$71,706
2 years$37,365$36,669$35,995$35,341$34,706$33,523
3 years$24,663$23,964$23,291$22,643$22,019$20,867
4 years$18,313$17,616$16,950$16,313$15,704$14,592
5 years$14,504$13,811$13,154$12,530$11,938$10,869
6 years$11,965$11,278$10,630$10,020$9,446$8,422
7 years$10,153$9,471$8,834$8,238$7,682$6,703
8 years$8,794$8,118$7,492$6,911$6,373$5,439
9 years$7,738$7,069$6,453$5,887$5,367$4,477
10 years$6,893$6,231$5,626$5,074$4,573$3,726
11 years$6,203$5,547$4,953$4,416$3,933$3,129
12 years$5,628$4,978$4,395$3,874$3,408$2,646
13 years$5,141$4,499$3,927$3,420$2,972$2,250
14 years$4,725$4,090$3,528$3,036$2,605$1,922
15 years$4,365$3,736$3,186$2,707$2,294$1,649
16 years$4,049$3,428$2,888$2,424$2,027$1,419
17 years$3,772$3,157$2,628$2,178$1,798$1,225
18 years$3,525$2,917$2,399$1,963$1,598$1,059
19 years$3,305$2,703$2,196$1,774$1,425$918
20 years$3,106$2,512$2,016$1,606$1,273$797
21 years$2,927$2,340$1,854$1,458$1,139$693
22 years$2,765$2,184$1,709$1,326$1,021$603
23 years$2,617$2,043$1,578$1,207$916$526
24 years$2,481$1,914$1,459$1,101$824$459
25 years$2,356$1,796$1,351$1,006$741$400
26 years$2,242$1,688$1,253$919$668$350
27 years$2,135$1,589$1,164$842$602$306
28 years$2,037$1,497$1,082$771$543$268
29 years$1,946$1,412$1,007$707$490$234
30 years$1,861$1,334$938$649$443$205
31 years$1,781$1,261$874$596$401$180
32 years$1,707$1,193$816$548$362$157
33 years$1,637$1,130$762$504$328$138
34 years$1,571$1,071$712$463$297$121
35 years$1,510$1,016$665$427$269$106
36 years$1,452$964$622$393$244$93
37 years$1,397$916$583$362$221$81
38 years$1,345$870$546$334$200$71
39 years$1,296$827$511$308$182$63
40 years$1,250$787$479$284$165$55
41 years$1,206$749$449$262$149$48
42 years$1,164$714$421$242$136$42
43 years$1,124$680$395$223$123$37
44 years$1,086$648$371$206$112$33
45 years$1,050$618$349$190$101$29
46 years$1,015$590$327$176$92$25
47 years$983$563$308$162$84$22
48 years$951$537$289$150$76$19
49 years$921$513$272$139$69$17
50 years$892$490$255$128$63$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $914,000, adding $4,111 every year, while hoping to spend $33,399 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: 45/50/5 Blend
65$914,000$914,000$914,000$914,000
66$1,011,468$963,026$948,859$1,055,421
67$1,079,102$974,679$945,110$1,097,745
68$1,152,515$985,782$940,116$1,139,797
69$1,232,261$996,275$933,799$1,184,604
70$1,318,950$1,006,091$926,080$1,232,428
71$1,413,253$1,015,160$916,874$1,283,563
72$1,515,908$1,023,406$906,092$1,338,328
73$1,627,726$1,030,748$893,642$1,397,081
74$1,749,602$1,037,102$879,426$1,460,214
75$1,882,518$1,042,377$863,343$1,528,163
76$2,027,556$1,046,475$845,287$1,601,408
77$2,185,909$1,049,294$825,147$1,680,479
78$2,358,888$1,050,726$802,805$1,765,966
79$2,547,935$1,050,652$778,140$1,858,515
80$2,754,642$1,048,951$751,025$1,958,844
81$2,980,757$1,045,492$721,326$2,067,746
82$3,228,208$1,040,135$688,904$2,186,097
83$3,499,117$1,032,733$653,614$2,314,863
84$3,795,820$1,023,129$615,303$2,455,114
85$4,120,889$1,011,159$573,811$2,608,030
86$4,477,160$996,646$528,974$2,774,916
87$4,867,752$979,403$480,617$2,957,214
88$5,296,104$959,235$428,558$3,156,515
89$5,766,000$935,931$372,608$3,374,577
90$6,281,611$909,270$312,570$3,613,342
91$6,847,530$879,019$248,235$3,874,955
92$7,468,816$844,929$179,389$4,161,783
93$8,151,043$806,738$105,806$4,476,440
94$8,900,349$764,169$27,251$4,821,815
95$9,723,499$716,927$0$5,201,095
96$10,627,943$664,703$0$5,620,816
97$11,621,888$607,169$0$6,083,592
98$12,714,377$543,977$0$6,592,272
99$13,915,373$474,761$0$7,151,601
100$15,235,850$399,133$0$7,766,821