Can I retire at age 66 with 922,000?

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 $922,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$76,138$75,460$74,798$74,152$73,522$72,845
2 years$37,692$36,990$36,310$35,650$35,010$34,328
3 years$24,878$24,173$23,495$22,841$22,212$21,546
4 years$18,473$17,770$17,098$16,456$15,842$15,197
5 years$14,631$13,932$13,269$12,640$12,043$11,421
6 years$12,070$11,376$10,723$10,108$9,529$8,931
7 years$10,241$9,554$8,911$8,310$7,750$7,176
8 years$8,871$8,189$7,557$6,971$6,429$5,879
9 years$7,805$7,130$6,509$5,938$5,414$4,888
10 years$6,953$6,285$5,675$5,119$4,613$4,111
11 years$6,257$5,595$4,996$4,455$3,967$3,489
12 years$5,677$5,022$4,434$3,907$3,438$2,982
13 years$5,186$4,538$3,961$3,450$2,998$2,564
14 years$4,766$4,125$3,559$3,062$2,628$2,216
15 years$4,403$3,769$3,214$2,731$2,314$1,923
16 years$4,085$3,458$2,914$2,445$2,045$1,674
17 years$3,805$3,184$2,651$2,197$1,813$1,462
18 years$3,556$2,942$2,420$1,980$1,612$1,280
19 years$3,333$2,727$2,216$1,789$1,437$1,124
20 years$3,134$2,534$2,033$1,620$1,284$988
21 years$2,953$2,360$1,870$1,471$1,149$870
22 years$2,789$2,203$1,724$1,337$1,030$767
23 years$2,640$2,061$1,592$1,218$924$677
24 years$2,503$1,931$1,472$1,111$831$599
25 years$2,377$1,812$1,363$1,014$748$530
26 years$2,261$1,703$1,264$927$673$469
27 years$2,154$1,603$1,174$849$607$416
28 years$2,055$1,510$1,091$778$548$369
29 years$1,963$1,425$1,016$713$495$327
30 years$1,877$1,345$946$655$447$290
31 years$1,797$1,272$882$601$404$258
32 years$1,722$1,203$823$552$366$229
33 years$1,651$1,140$768$508$331$204
34 years$1,585$1,080$718$467$300$181
35 years$1,523$1,025$671$430$271$161
36 years$1,464$972$628$396$246$143
37 years$1,409$924$588$365$223$127
38 years$1,357$878$550$337$202$113
39 years$1,307$835$516$310$183$101
40 years$1,261$794$483$286$166$90
41 years$1,216$756$453$264$151$80
42 years$1,174$720$425$244$137$71
43 years$1,134$686$399$225$124$63
44 years$1,095$654$374$208$113$56
45 years$1,059$623$352$192$102$50
46 years$1,024$595$330$177$93$45
47 years$991$568$310$164$84$40
48 years$959$542$292$151$77$36
49 years$929$517$274$140$70$32
50 years$900$494$258$129$63$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $922,000, adding $2,983 every year, while hoping to spend $53,260 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: 29/48/23 Blend
65$922,000$922,000$922,000$922,000
66$1,019,121$970,255$955,964$1,041,284
67$1,066,403$961,129$931,321$1,049,574
68$1,116,723$949,771$904,066$1,053,567
69$1,170,334$936,016$874,058$1,056,752
70$1,227,514$919,686$841,145$1,059,096
71$1,288,568$900,598$805,171$1,060,564
72$1,353,828$878,554$765,970$1,061,124
73$1,423,660$853,345$723,372$1,060,749
74$1,498,465$824,750$677,197$1,059,412
75$1,578,682$792,537$627,256$1,057,091
76$1,664,794$756,457$573,356$1,053,771
77$1,757,329$716,250$515,289$1,049,439
78$1,856,869$671,638$452,844$1,044,091
79$1,964,051$622,330$385,795$1,037,732
80$2,079,576$568,015$313,911$1,030,373
81$2,204,212$508,368$236,947$1,022,038
82$2,338,806$443,042$154,649$1,012,764
83$2,484,287$371,673$66,751$1,002,600
84$2,641,674$293,875$0$991,613
85$2,812,090$209,241$0$986,526
86$2,996,770$117,340$0$998,720
87$3,197,068$17,718$0$1,012,000
88$3,414,478$0$0$1,026,602
89$3,650,640$0$0$1,090,387
90$3,907,359$0$0$1,170,026
91$4,186,621$0$0$1,256,793
92$4,490,609$0$0$1,351,385
93$4,821,729$0$0$1,454,567
94$5,182,624$0$0$1,567,182
95$5,576,207$0$0$1,690,157
96$6,005,681$0$0$1,824,514
97$6,474,574$0$0$1,971,377
98$6,986,768$0$0$2,131,984
99$7,546,536$0$0$2,307,698
100$8,158,586$0$0$2,500,020