Can I retire at age 66 with 921,000?

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 $921,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.5%
1 years$76,055$75,378$74,717$74,072$73,442$71,783
2 years$37,651$36,950$36,270$35,611$34,972$33,310
3 years$24,851$24,147$23,469$22,817$22,188$20,574
4 years$18,453$17,751$17,080$16,438$15,825$14,271
5 years$14,615$13,917$13,255$12,626$12,030$10,542
6 years$12,057$11,364$10,712$10,097$9,519$8,097
7 years$10,230$9,544$8,901$8,301$7,741$6,387
8 years$8,861$8,181$7,549$6,964$6,422$5,134
9 years$7,797$7,123$6,502$5,932$5,408$4,186
10 years$6,946$6,278$5,669$5,113$4,608$3,450
11 years$6,250$5,589$4,991$4,450$3,963$2,868
12 years$5,671$5,017$4,429$3,903$3,434$2,400
13 years$5,181$4,534$3,957$3,446$2,995$2,019
14 years$4,761$4,121$3,555$3,059$2,625$1,707
15 years$4,398$3,764$3,210$2,728$2,311$1,448
16 years$4,080$3,454$2,910$2,443$2,043$1,232
17 years$3,800$3,181$2,648$2,195$1,811$1,051
18 years$3,552$2,939$2,418$1,978$1,611$899
19 years$3,330$2,724$2,213$1,787$1,436$770
20 years$3,130$2,531$2,031$1,619$1,282$660
21 years$2,950$2,358$1,868$1,469$1,147$567
22 years$2,786$2,201$1,722$1,336$1,029$488
23 years$2,637$2,058$1,590$1,216$923$420
24 years$2,500$1,929$1,470$1,109$830$362
25 years$2,374$1,810$1,362$1,013$747$312
26 years$2,259$1,701$1,263$926$673$269
27 years$2,152$1,601$1,173$848$606$232
28 years$2,053$1,509$1,090$777$547$200
29 years$1,961$1,423$1,015$712$494$173
30 years$1,875$1,344$945$654$446$150
31 years$1,795$1,271$881$601$404$129
32 years$1,720$1,202$822$552$365$112
33 years$1,649$1,138$768$508$330$97
34 years$1,583$1,079$717$467$299$84
35 years$1,521$1,023$670$430$271$72
36 years$1,463$971$627$396$246$62
37 years$1,408$923$587$365$223$54
38 years$1,355$877$550$336$202$47
39 years$1,306$834$515$310$183$40
40 years$1,259$793$483$286$166$35
41 years$1,215$755$453$264$151$30
42 years$1,173$719$425$243$137$26
43 years$1,132$685$398$225$124$23
44 years$1,094$653$374$208$113$20
45 years$1,058$623$351$192$102$17
46 years$1,023$594$330$177$93$15
47 years$990$567$310$164$84$13
48 years$958$541$291$151$76$11
49 years$928$517$274$140$69$10
50 years$899$494$257$129$63$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $921,000, adding $2,120 every year, while hoping to spend $41,017 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: 25/47/28 Blend
65$921,000$921,000$921,000$921,000
66$1,017,129$968,316$954,040$1,033,581
67$1,077,234$972,121$942,359$1,051,290
68$1,142,096$974,739$928,911$1,066,638
69$1,212,155$976,067$913,595$1,082,244
70$1,287,897$975,997$896,304$1,098,157
71$1,369,857$974,415$876,924$1,114,437
72$1,458,620$971,199$855,339$1,131,149
73$1,554,832$966,220$831,425$1,148,373
74$1,659,201$959,341$805,054$1,166,201
75$1,772,508$950,417$776,092$1,184,735
76$1,895,611$939,295$744,398$1,204,096
77$2,029,452$925,809$709,825$1,224,421
78$2,175,071$909,789$672,218$1,245,867
79$2,333,610$891,050$631,419$1,268,610
80$2,506,325$869,398$587,258$1,292,855
81$2,694,599$844,627$539,560$1,318,828
82$2,899,955$816,521$488,143$1,346,790
83$3,124,069$784,849$432,813$1,377,033
84$3,368,784$749,366$373,373$1,409,888
85$3,636,130$709,816$309,612$1,445,727
86$3,928,344$665,926$241,312$1,484,967
87$4,247,885$617,406$168,246$1,528,079
88$4,597,464$563,953$90,177$1,575,590
89$4,980,062$505,244$6,855$1,628,092
90$5,398,966$440,939$0$1,686,246
91$5,857,793$370,677$0$1,775,312
92$6,360,526$294,078$0$1,875,380
93$6,911,553$210,741$0$1,985,409
94$7,515,706$120,242$0$2,106,522
95$8,178,306$22,132$0$2,239,962
96$8,905,215$0$0$2,387,110
97$9,702,890$0$0$2,592,975
98$10,578,442$0$0$2,831,664
99$11,539,705$0$0$3,093,887
100$12,595,308$0$0$3,382,019