Can I retire at age 66 with 925,000?

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 $925,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$76,386$75,705$75,041$74,393$73,761$72,272
2 years$37,815$37,110$36,428$35,766$35,124$33,630
3 years$24,959$24,252$23,571$22,916$22,284$20,832
4 years$18,533$17,828$17,154$16,509$15,893$14,495
5 years$14,678$13,977$13,312$12,681$12,082$10,740
6 years$12,109$11,413$10,758$10,141$9,560$8,277
7 years$10,275$9,585$8,940$8,337$7,775$6,551
8 years$8,900$8,216$7,582$6,994$6,450$5,284
9 years$7,831$7,154$6,530$5,957$5,432$4,324
10 years$6,976$6,306$5,693$5,135$4,628$3,577
11 years$6,277$5,613$5,012$4,469$3,980$2,985
12 years$5,695$5,038$4,448$3,920$3,449$2,507
13 years$5,203$4,553$3,974$3,461$3,008$2,118
14 years$4,782$4,139$3,571$3,072$2,637$1,798
15 years$4,417$3,781$3,224$2,740$2,322$1,531
16 years$4,098$3,469$2,923$2,453$2,052$1,309
17 years$3,817$3,195$2,660$2,204$1,819$1,121
18 years$3,567$2,952$2,428$1,986$1,618$963
19 years$3,344$2,736$2,223$1,795$1,442$828
20 years$3,144$2,542$2,040$1,626$1,288$714
21 years$2,963$2,368$1,876$1,475$1,152$616
22 years$2,798$2,211$1,729$1,341$1,033$532
23 years$2,648$2,067$1,597$1,222$927$460
24 years$2,511$1,937$1,477$1,114$833$398
25 years$2,385$1,818$1,368$1,018$750$345
26 years$2,269$1,708$1,269$930$676$299
27 years$2,161$1,608$1,178$852$609$259
28 years$2,062$1,515$1,095$780$550$225
29 years$1,969$1,429$1,019$716$496$195
30 years$1,883$1,350$949$657$448$170
31 years$1,802$1,276$885$603$405$147
32 years$1,727$1,207$826$554$367$128
33 years$1,657$1,143$771$510$332$111
34 years$1,590$1,084$720$469$300$97
35 years$1,528$1,028$673$432$272$84
36 years$1,469$976$630$398$247$73
37 years$1,414$927$590$366$223$64
38 years$1,361$881$552$338$203$55
39 years$1,312$837$517$311$184$48
40 years$1,265$797$485$287$167$42
41 years$1,220$758$455$265$151$36
42 years$1,178$722$426$245$137$32
43 years$1,137$688$400$226$125$28
44 years$1,099$656$376$208$113$24
45 years$1,062$626$353$192$103$21
46 years$1,028$597$331$178$93$18
47 years$994$569$311$164$85$16
48 years$963$544$292$152$77$14
49 years$932$519$275$140$70$12
50 years$903$496$258$130$63$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $925,000, adding $2,999 every year, while hoping to spend $50,984 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: 73/13/14 Blend
65$925,000$925,000$925,000$925,000
66$1,022,443$973,418$959,081$1,093,765
67$1,072,486$966,869$936,964$1,134,833
68$1,125,924$958,291$912,397$1,173,243
69$1,183,051$947,529$885,244$1,213,953
70$1,244,186$934,422$855,363$1,257,179
71$1,309,681$918,797$822,607$1,303,157
72$1,379,923$900,472$786,818$1,352,152
73$1,455,334$879,254$747,835$1,404,454
74$1,536,378$854,938$705,488$1,460,384
75$1,623,566$827,307$659,599$1,520,297
76$1,717,457$796,133$609,983$1,584,586
77$1,818,666$761,172$556,446$1,653,684
78$1,927,869$722,167$498,786$1,728,070
79$2,045,806$678,848$436,790$1,808,274
80$2,173,294$630,928$370,238$1,894,880
81$2,311,228$578,101$298,899$1,988,536
82$2,460,594$520,049$222,533$2,089,954
83$2,622,474$456,431$140,887$2,199,924
84$2,798,060$386,889$53,700$2,319,317
85$2,988,659$311,044$0$2,449,095
86$3,195,714$228,497$0$2,596,198
87$3,420,808$138,824$0$2,764,866
88$3,665,684$41,580$0$2,948,410
89$3,932,261$0$0$3,148,308
90$4,222,647$0$0$3,375,303
91$4,539,165$0$0$3,629,248
92$4,884,371$0$0$3,906,249
93$5,261,078$0$0$4,208,569
94$5,672,382$0$0$4,538,698
95$6,121,691$0$0$4,899,378
96$6,612,758$0$0$5,293,625
97$7,149,713$0$0$5,724,762
98$7,737,104$0$0$6,196,448
99$8,379,941$0$0$6,712,710
100$9,083,736$0$0$7,277,984