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%17.5%
1 years$76,386$75,705$75,041$74,393$73,761$71,514
2 years$37,815$37,110$36,428$35,766$35,124$32,880
3 years$24,959$24,252$23,571$22,916$22,284$20,113
4 years$18,533$17,828$17,154$16,509$15,893$13,812
5 years$14,678$13,977$13,312$12,681$12,082$10,095
6 years$12,109$11,413$10,758$10,141$9,560$7,670
7 years$10,275$9,585$8,940$8,337$7,775$5,982
8 years$8,900$8,216$7,582$6,994$6,450$4,753
9 years$7,831$7,154$6,530$5,957$5,432$3,828
10 years$6,976$6,306$5,693$5,135$4,628$3,116
11 years$6,277$5,613$5,012$4,469$3,980$2,557
12 years$5,695$5,038$4,448$3,920$3,449$2,112
13 years$5,203$4,553$3,974$3,461$3,008$1,753
14 years$4,782$4,139$3,571$3,072$2,637$1,462
15 years$4,417$3,781$3,224$2,740$2,322$1,223
16 years$4,098$3,469$2,923$2,453$2,052$1,026
17 years$3,817$3,195$2,660$2,204$1,819$862
18 years$3,567$2,952$2,428$1,986$1,618$727
19 years$3,344$2,736$2,223$1,795$1,442$613
20 years$3,144$2,542$2,040$1,626$1,288$518
21 years$2,963$2,368$1,876$1,475$1,152$438
22 years$2,798$2,211$1,729$1,341$1,033$371
23 years$2,648$2,067$1,597$1,222$927$314
24 years$2,511$1,937$1,477$1,114$833$266
25 years$2,385$1,818$1,368$1,018$750$226
26 years$2,269$1,708$1,269$930$676$192
27 years$2,161$1,608$1,178$852$609$163
28 years$2,062$1,515$1,095$780$550$138
29 years$1,969$1,429$1,019$716$496$118
30 years$1,883$1,350$949$657$448$100
31 years$1,802$1,276$885$603$405$85
32 years$1,727$1,207$826$554$367$72
33 years$1,657$1,143$771$510$332$61
34 years$1,590$1,084$720$469$300$52
35 years$1,528$1,028$673$432$272$44
36 years$1,469$976$630$398$247$38
37 years$1,414$927$590$366$223$32
38 years$1,361$881$552$338$203$27
39 years$1,312$837$517$311$184$23
40 years$1,265$797$485$287$167$20
41 years$1,220$758$455$265$151$17
42 years$1,178$722$426$245$137$14
43 years$1,137$688$400$226$125$12
44 years$1,099$656$376$208$113$10
45 years$1,062$626$353$192$103$9
46 years$1,028$597$331$178$93$8
47 years$994$569$311$164$85$6
48 years$963$544$292$152$77$5
49 years$932$519$275$140$70$5
50 years$903$496$258$130$63$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $925,000, adding $6,554 every year, while hoping to spend $23,548 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: 67/15/18 Blend
65$925,000$925,000$925,000$925,000
66$1,026,110$977,085$962,748$1,089,910
67$1,105,719$999,908$969,945$1,156,218
68$1,192,658$1,023,059$976,594$1,225,353
69$1,287,651$1,046,531$982,652$1,300,377
70$1,391,493$1,070,313$988,073$1,381,867
71$1,505,062$1,094,394$992,809$1,470,460
72$1,629,320$1,118,762$996,811$1,566,857
73$1,765,332$1,143,402$1,000,025$1,671,830
74$1,914,266$1,168,299$1,002,395$1,786,230
75$2,077,410$1,193,435$1,003,865$1,910,995
76$2,256,184$1,218,791$1,004,373$2,047,158
77$2,452,150$1,244,347$1,003,854$2,195,857
78$2,667,028$1,270,078$1,002,242$2,358,347
79$2,902,713$1,295,961$999,465$2,536,010
80$3,161,293$1,321,966$995,451$2,730,368
81$3,445,067$1,348,065$990,120$2,943,102
82$3,756,568$1,374,224$983,393$3,176,059
83$4,098,585$1,400,408$975,184$3,431,280
84$4,474,191$1,426,578$965,404$3,711,009
85$4,886,772$1,452,694$953,958$4,017,724
86$5,340,058$1,478,711$940,750$4,354,152
87$5,838,155$1,504,579$925,677$4,723,300
88$6,385,591$1,530,248$908,631$5,128,482
89$6,987,352$1,555,660$889,501$5,573,349
90$7,648,930$1,580,757$868,168$6,061,927
91$8,376,380$1,605,472$844,510$6,598,651
92$9,176,367$1,629,737$818,398$7,188,411
93$10,056,240$1,653,478$789,698$7,836,592
94$11,024,092$1,676,613$758,268$8,549,134
95$12,088,842$1,699,060$723,962$9,332,581
96$13,260,315$1,720,725$686,626$10,194,143
97$14,549,339$1,741,512$646,100$11,141,771
98$15,967,841$1,761,316$602,214$12,184,224
99$17,528,967$1,780,027$554,795$13,331,157
100$19,247,199$1,797,525$503,657$14,593,210