Can I retire at age 66 with 929,000?

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 $929,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$76,716$76,033$75,366$74,715$74,080$73,215
2 years$37,978$37,271$36,585$35,921$35,276$34,405
3 years$25,067$24,357$23,673$23,015$22,381$21,531
4 years$18,613$17,905$17,228$16,581$15,962$15,141
5 years$14,742$14,038$13,370$12,736$12,134$11,343
6 years$12,161$11,463$10,805$10,185$9,601$8,842
7 years$10,319$9,626$8,979$8,374$7,808$7,080
8 years$8,938$8,252$7,615$7,024$6,478$5,781
9 years$7,865$7,185$6,559$5,983$5,455$4,790
10 years$7,006$6,333$5,718$5,158$4,648$4,014
11 years$6,304$5,638$5,034$4,489$3,998$3,393
12 years$5,720$5,060$4,467$3,937$3,464$2,889
13 years$5,226$4,573$3,991$3,476$3,021$2,475
14 years$4,803$4,157$3,586$3,086$2,648$2,130
15 years$4,436$3,797$3,238$2,752$2,332$1,841
16 years$4,116$3,484$2,936$2,464$2,061$1,597
17 years$3,833$3,208$2,671$2,214$1,827$1,389
18 years$3,583$2,965$2,439$1,995$1,625$1,211
19 years$3,359$2,748$2,232$1,803$1,448$1,058
20 years$3,157$2,553$2,049$1,633$1,293$926
21 years$2,975$2,378$1,884$1,482$1,157$812
22 years$2,810$2,220$1,737$1,347$1,037$713
23 years$2,660$2,076$1,604$1,227$931$626
24 years$2,522$1,945$1,483$1,119$837$551
25 years$2,395$1,826$1,374$1,022$753$485
26 years$2,278$1,716$1,274$934$678$428
27 years$2,171$1,615$1,183$855$612$377
28 years$2,071$1,522$1,100$784$552$333
29 years$1,978$1,435$1,023$719$498$294
30 years$1,891$1,356$953$660$450$260
31 years$1,810$1,282$889$606$407$229
32 years$1,735$1,213$829$557$368$203
33 years$1,664$1,148$774$512$333$179
34 years$1,597$1,088$723$471$302$159
35 years$1,534$1,032$676$434$273$140
36 years$1,475$980$633$399$248$124
37 years$1,420$931$592$368$224$110
38 years$1,367$884$555$339$203$97
39 years$1,317$841$520$313$185$86
40 years$1,270$800$487$288$167$76
41 years$1,225$762$457$266$152$68
42 years$1,183$725$428$246$138$60
43 years$1,142$691$402$227$125$53
44 years$1,104$659$377$209$114$47
45 years$1,067$628$354$193$103$42
46 years$1,032$599$333$179$94$37
47 years$999$572$313$165$85$33
48 years$967$546$294$152$77$29
49 years$936$521$276$141$70$26
50 years$907$498$260$130$64$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $929,000, adding $6,109 every year, while hoping to spend $31,426 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: 66/16/18 Blend
65$929,000$929,000$929,000$929,000
66$1,030,059$980,822$966,423$1,093,076
67$1,101,688$995,446$965,361$1,150,657
68$1,179,570$1,009,732$963,210$1,209,385
69$1,264,310$1,023,632$959,901$1,272,823
70$1,356,572$1,037,093$955,361$1,341,433
71$1,457,089$1,050,057$949,512$1,415,723
72$1,566,666$1,062,464$942,275$1,496,253
73$1,686,191$1,074,249$933,565$1,583,643
74$1,816,638$1,085,343$923,295$1,678,575
75$1,959,082$1,095,672$911,373$1,781,799
76$2,114,705$1,105,157$897,701$1,894,145
77$2,284,810$1,113,714$882,178$2,016,527
78$2,470,829$1,121,255$864,700$2,149,953
79$2,674,341$1,127,683$845,154$2,295,535
80$2,897,082$1,132,899$823,426$2,454,496
81$3,140,967$1,136,793$799,393$2,628,189
82$3,408,102$1,139,253$772,929$2,818,104
83$3,700,808$1,140,155$743,902$3,025,882
84$4,021,640$1,139,372$712,172$3,253,336
85$4,373,412$1,136,767$677,594$3,502,462
86$4,759,224$1,132,192$640,018$3,775,462
87$5,182,491$1,125,495$599,284$4,074,765
88$5,646,972$1,116,512$555,227$4,403,047
89$6,156,809$1,105,067$507,674$4,763,259
90$6,716,567$1,090,979$456,444$5,158,656
91$7,331,270$1,074,050$401,349$5,592,826
92$8,006,456$1,054,075$342,190$6,069,724
93$8,748,224$1,030,834$278,763$6,593,712
94$9,563,293$1,004,095$210,852$7,169,599
95$10,459,066$973,613$138,232$7,802,684
96$11,443,698$939,127$60,670$8,498,813
97$12,526,173$900,362$0$9,264,429
98$13,716,390$857,027$0$10,110,879
99$15,025,254$808,813$0$11,054,462
100$16,464,781$755,396$0$12,092,195