Can I retire at age 66 with 934,000?

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 $934,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.9%
1 years$77,129$76,442$75,772$75,117$74,478$72,678
2 years$38,183$37,471$36,782$36,114$35,466$33,663
3 years$25,202$24,488$23,801$23,139$22,501$20,752
4 years$18,713$18,001$17,321$16,670$16,048$14,366
5 years$14,821$14,113$13,442$12,804$12,199$10,589
6 years$12,227$11,525$10,863$10,240$9,653$8,116
7 years$10,375$9,678$9,027$8,419$7,850$6,387
8 years$8,986$8,296$7,656$7,062$6,513$5,123
9 years$7,907$7,223$6,594$6,015$5,485$4,166
10 years$7,044$6,367$5,749$5,185$4,673$3,425
11 years$6,338$5,668$5,061$4,513$4,019$2,840
12 years$5,751$5,087$4,492$3,958$3,483$2,370
13 years$5,254$4,597$4,013$3,495$3,037$1,989
14 years$4,828$4,179$3,606$3,102$2,662$1,677
15 years$4,460$3,818$3,255$2,767$2,344$1,419
16 years$4,138$3,503$2,951$2,477$2,072$1,204
17 years$3,854$3,226$2,686$2,226$1,837$1,024
18 years$3,602$2,981$2,452$2,006$1,633$873
19 years$3,377$2,763$2,244$1,812$1,456$745
20 years$3,174$2,567$2,060$1,641$1,300$637
21 years$2,991$2,391$1,895$1,490$1,164$546
22 years$2,825$2,232$1,746$1,355$1,043$468
23 years$2,674$2,088$1,612$1,234$936$402
24 years$2,535$1,956$1,491$1,125$842$345
25 years$2,408$1,836$1,381$1,028$757$296
26 years$2,291$1,725$1,281$940$682$255
27 years$2,182$1,624$1,189$860$615$219
28 years$2,082$1,530$1,106$788$555$189
29 years$1,988$1,443$1,029$723$501$162
30 years$1,901$1,363$958$663$453$140
31 years$1,820$1,288$894$609$409$120
32 years$1,744$1,219$834$560$370$104
33 years$1,673$1,155$778$515$335$89
34 years$1,606$1,094$727$474$303$77
35 years$1,543$1,038$680$436$275$66
36 years$1,483$985$636$401$249$57
37 years$1,427$936$595$370$226$49
38 years$1,374$889$558$341$205$43
39 years$1,324$846$522$314$186$37
40 years$1,277$804$490$290$168$32
41 years$1,232$766$459$268$153$27
42 years$1,189$729$431$247$139$24
43 years$1,148$695$404$228$126$20
44 years$1,110$662$379$210$114$18
45 years$1,073$632$356$194$104$15
46 years$1,038$603$335$180$94$13
47 years$1,004$575$314$166$85$11
48 years$972$549$295$153$78$10
49 years$941$524$278$142$70$8
50 years$912$501$261$131$64$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $934,000, adding $2,531 every year, while hoping to spend $36,227 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: 36/42/22 Blend
65$934,000$934,000$934,000$934,000
66$1,031,879$982,377$967,900$1,062,085
67$1,098,585$991,968$961,779$1,094,044
68$1,170,881$1,000,815$954,239$1,124,988
69$1,249,299$1,008,843$945,194$1,157,659
70$1,334,424$1,015,973$934,555$1,192,236
71$1,426,899$1,022,119$922,226$1,228,913
72$1,527,432$1,027,192$908,110$1,267,911
73$1,636,802$1,031,096$892,103$1,309,472
74$1,755,864$1,033,728$874,097$1,353,867
75$1,885,563$1,034,981$853,980$1,401,396
76$2,026,934$1,034,739$831,632$1,452,394
77$2,181,120$1,032,881$806,931$1,507,232
78$2,349,378$1,029,275$779,746$1,566,320
79$2,533,090$1,023,785$749,943$1,630,118
80$2,733,779$1,016,265$717,381$1,699,132
81$2,953,122$1,006,559$681,910$1,773,926
82$3,192,963$994,502$643,376$1,855,124
83$3,455,334$979,922$601,618$1,943,418
84$3,742,473$962,633$556,467$2,039,578
85$4,056,843$942,440$507,747$2,144,453
86$4,401,156$919,135$455,272$2,258,988
87$4,778,401$892,500$398,850$2,384,227
88$5,191,867$862,302$338,281$2,521,327
89$5,645,178$828,295$273,354$2,671,570
90$6,142,325$790,220$203,850$2,836,375
91$6,687,703$747,801$129,539$3,017,312
92$7,286,153$700,748$50,184$3,216,121
93$7,943,009$648,753$0$3,434,724
94$8,664,144$591,490$0$3,683,349
95$9,456,031$528,617$0$3,969,349
96$10,325,796$459,769$0$4,283,599
97$11,281,293$384,563$0$4,629,044
98$12,331,171$302,594$0$5,008,937
99$13,484,962$213,432$0$5,426,869
100$14,753,164$116,626$0$5,886,806