Can I retire at age 66 with 917,000?

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 $917,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.4%
1 years$75,725$75,050$74,392$73,750$73,123$71,500
2 years$37,488$36,789$36,113$35,457$34,820$33,194
3 years$24,743$24,042$23,367$22,717$22,092$20,512
4 years$18,373$17,674$17,005$16,367$15,756$14,236
5 years$14,551$13,856$13,197$12,571$11,977$10,521
6 years$12,004$11,315$10,665$10,053$9,477$8,086
7 years$10,186$9,502$8,863$8,265$7,708$6,382
8 years$8,823$8,145$7,516$6,934$6,394$5,133
9 years$7,763$7,092$6,474$5,906$5,385$4,187
10 years$6,916$6,251$5,644$5,091$4,588$3,453
11 years$6,223$5,565$4,969$4,431$3,946$2,872
12 years$5,646$4,995$4,410$3,886$3,419$2,405
13 years$5,158$4,514$3,940$3,431$2,982$2,025
14 years$4,741$4,103$3,540$3,046$2,614$1,713
15 years$4,379$3,748$3,196$2,716$2,301$1,454
16 years$4,063$3,439$2,898$2,432$2,034$1,238
17 years$3,784$3,167$2,637$2,185$1,804$1,057
18 years$3,537$2,926$2,407$1,969$1,604$905
19 years$3,315$2,712$2,204$1,779$1,429$775
20 years$3,117$2,520$2,022$1,612$1,277$666
21 years$2,937$2,348$1,860$1,463$1,143$572
22 years$2,774$2,191$1,714$1,330$1,024$492
23 years$2,625$2,050$1,583$1,211$919$424
24 years$2,489$1,920$1,464$1,105$826$366
25 years$2,364$1,802$1,356$1,009$744$315
26 years$2,249$1,694$1,258$922$670$272
27 years$2,142$1,594$1,168$844$604$235
28 years$2,044$1,502$1,086$774$545$203
29 years$1,952$1,417$1,010$709$492$176
30 years$1,867$1,338$941$651$445$152
31 years$1,787$1,265$877$598$402$131
32 years$1,712$1,197$818$549$364$114
33 years$1,642$1,134$764$505$329$98
34 years$1,576$1,074$714$465$298$85
35 years$1,515$1,019$668$428$270$74
36 years$1,456$967$625$394$244$64
37 years$1,401$919$585$363$222$55
38 years$1,349$873$547$335$201$48
39 years$1,300$830$513$309$182$41
40 years$1,254$790$481$285$165$36
41 years$1,209$752$451$263$150$31
42 years$1,167$716$423$242$136$27
43 years$1,128$682$397$224$123$23
44 years$1,090$650$372$207$112$20
45 years$1,053$620$350$191$102$18
46 years$1,019$592$328$176$92$15
47 years$986$565$309$163$84$13
48 years$954$539$290$150$76$11
49 years$924$515$273$139$69$10
50 years$895$492$256$129$63$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $917,000, adding $6,328 every year, while hoping to spend $23,778 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: 64/31/5 Blend
65$917,000$917,000$917,000$917,000
66$1,017,061$968,460$954,247$1,081,021
67$1,095,502$990,615$960,914$1,146,507
68$1,181,147$1,013,059$967,009$1,214,590
69$1,274,705$1,035,780$972,485$1,288,314
70$1,376,958$1,058,767$977,297$1,368,224
71$1,488,767$1,082,005$981,395$1,454,921
72$1,611,078$1,105,480$984,728$1,549,065
73$1,744,934$1,129,175$987,243$1,651,382
74$1,891,483$1,153,070$988,881$1,762,675
75$2,051,990$1,177,147$989,585$1,883,824
76$2,227,848$1,201,382$989,290$2,015,803
77$2,420,589$1,225,750$987,933$2,159,680
78$2,631,904$1,250,226$985,443$2,316,636
79$2,863,651$1,274,781$981,748$2,487,969
80$3,117,881$1,299,382$976,774$2,675,110
81$3,396,849$1,323,996$970,440$2,879,636
82$3,703,042$1,348,586$962,664$3,103,283
83$4,039,198$1,373,112$953,359$3,347,966
84$4,408,332$1,397,531$942,432$3,615,793
85$4,813,768$1,421,796$929,790$3,909,087
86$5,259,165$1,445,857$915,331$4,230,408
87$5,748,557$1,469,661$898,951$4,582,579
88$6,286,384$1,493,149$880,541$4,968,706
89$6,877,542$1,516,259$859,985$5,392,216
90$7,527,421$1,538,926$837,164$5,856,884
91$8,241,961$1,561,076$811,953$6,366,869
92$9,027,706$1,582,634$784,219$6,926,755
93$9,891,867$1,603,519$753,825$7,541,593
94$10,842,388$1,623,641$720,628$8,216,951
95$11,888,021$1,642,909$684,478$8,958,964
96$13,038,409$1,661,221$645,218$9,774,392
97$14,304,177$1,678,472$602,684$10,670,686
98$15,697,033$1,694,547$556,704$11,656,057
99$17,229,877$1,709,326$507,099$12,739,554
100$18,916,920$1,722,679$453,683$13,931,150