Can I retire at age 66 with 933,000?

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 $933,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$77,046$76,360$75,690$75,037$74,399$74,085
2 years$38,142$37,431$36,743$36,075$35,428$35,111
3 years$25,175$24,462$23,775$23,114$22,477$22,167
4 years$18,693$17,982$17,302$16,652$16,031$15,730
5 years$14,805$14,098$13,427$12,791$12,186$11,896
6 years$12,214$11,512$10,851$10,229$9,643$9,363
7 years$10,364$9,668$9,017$8,410$7,842$7,573
8 years$8,977$8,287$7,647$7,055$6,506$6,247
9 years$7,898$7,215$6,587$6,009$5,479$5,231
10 years$7,036$6,360$5,742$5,180$4,668$4,430
11 years$6,332$5,662$5,056$4,508$4,015$3,787
12 years$5,745$5,082$4,487$3,954$3,479$3,262
13 years$5,248$4,593$4,009$3,491$3,034$2,826
14 years$4,823$4,175$3,602$3,099$2,659$2,462
15 years$4,455$3,814$3,252$2,764$2,342$2,153
16 years$4,134$3,499$2,948$2,474$2,070$1,890
17 years$3,850$3,222$2,683$2,223$1,835$1,665
18 years$3,598$2,978$2,449$2,004$1,632$1,470
19 years$3,373$2,760$2,242$1,810$1,454$1,301
20 years$3,171$2,564$2,058$1,640$1,299$1,154
21 years$2,988$2,389$1,893$1,488$1,162$1,025
22 years$2,822$2,230$1,744$1,353$1,042$912
23 years$2,671$2,085$1,611$1,232$935$813
24 years$2,533$1,954$1,490$1,124$841$725
25 years$2,405$1,834$1,380$1,026$756$648
26 years$2,288$1,723$1,279$938$681$579
27 years$2,180$1,622$1,188$859$614$518
28 years$2,079$1,528$1,105$787$554$464
29 years$1,986$1,442$1,028$722$501$415
30 years$1,899$1,362$957$662$452$372
31 years$1,818$1,287$893$608$409$334
32 years$1,742$1,218$833$559$370$300
33 years$1,671$1,153$778$514$335$269
34 years$1,604$1,093$727$473$303$241
35 years$1,541$1,037$679$435$275$217
36 years$1,482$984$635$401$249$195
37 years$1,426$935$595$370$225$175
38 years$1,373$888$557$341$204$157
39 years$1,323$845$522$314$185$142
40 years$1,276$804$489$290$168$127
41 years$1,231$765$459$267$153$115
42 years$1,188$728$430$247$138$103
43 years$1,147$694$404$228$126$93
44 years$1,109$662$379$210$114$83
45 years$1,072$631$356$194$103$75
46 years$1,037$602$334$179$94$68
47 years$1,003$574$314$166$85$61
48 years$971$548$295$153$77$55
49 years$940$524$277$141$70$49
50 years$911$500$261$131$64$44

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $933,000, adding $3,587 every year, while hoping to spend $45,713 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: 42/45/13 Blend
65$933,000$933,000$933,000$933,000
66$1,031,866$982,417$967,955$1,071,132
67$1,088,478$981,917$951,744$1,098,545
68$1,149,332$979,861$933,457$1,123,389
69$1,214,814$976,123$912,977$1,149,290
70$1,285,344$970,572$890,181$1,176,364
71$1,361,386$963,068$864,939$1,204,742
72$1,443,451$953,461$837,118$1,234,572
73$1,532,097$941,595$806,575$1,266,020
74$1,627,939$927,302$773,164$1,299,271
75$1,731,654$910,405$736,730$1,334,535
76$1,843,984$890,716$697,112$1,372,045
77$1,965,747$868,037$654,141$1,412,063
78$2,097,840$842,158$607,642$1,454,882
79$2,241,251$812,855$557,430$1,500,829
80$2,397,068$779,894$503,313$1,550,271
81$2,566,485$743,025$445,090$1,603,616
82$2,750,817$701,984$382,551$1,661,320
83$2,951,511$656,492$315,478$1,723,893
84$3,170,160$606,255$243,641$1,791,900
85$3,408,516$550,960$166,802$1,865,975
86$3,668,506$490,279$84,711$1,946,820
87$3,952,253$423,862$0$2,035,219
88$4,262,093$351,342$0$2,132,444
89$4,600,599$272,330$0$2,251,629
90$4,970,601$186,415$0$2,382,127
91$5,375,216$93,163$0$2,525,176
92$5,817,877$0$0$2,682,149
93$6,302,363$0$0$2,858,469
94$6,832,835$0$0$3,102,149
95$7,413,875$0$0$3,369,176
96$8,050,530$0$0$3,661,884
97$8,748,358$0$0$3,982,844
98$9,513,480$0$0$4,334,886
99$10,352,636$0$0$4,721,129
100$11,273,254$0$0$5,145,007