Can I retire at age 66 with 951,000?

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 $951,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.8%
1 years$78,533$77,833$77,151$76,485$75,834$74,639
2 years$38,878$38,154$37,452$36,771$36,111$34,911
3 years$25,661$24,934$24,234$23,560$22,911$21,741
4 years$19,054$18,329$17,636$16,974$16,340$15,211
5 years$15,091$14,370$13,686$13,037$12,421$11,337
6 years$12,449$11,734$11,061$10,426$9,829$8,789
7 years$10,564$9,854$9,191$8,572$7,993$6,999
8 years$9,150$8,447$7,795$7,191$6,631$5,682
9 years$8,051$7,355$6,714$6,125$5,584$4,680
10 years$7,172$6,483$5,853$5,280$4,758$3,898
11 years$6,454$5,771$5,153$4,595$4,092$3,275
12 years$5,855$5,180$4,573$4,030$3,546$2,771
13 years$5,350$4,681$4,086$3,558$3,092$2,358
14 years$4,916$4,255$3,671$3,159$2,711$2,016
15 years$4,541$3,887$3,315$2,817$2,387$1,730
16 years$4,213$3,566$3,005$2,522$2,109$1,490
17 years$3,924$3,284$2,735$2,266$1,870$1,287
18 years$3,668$3,035$2,496$2,042$1,663$1,114
19 years$3,438$2,813$2,285$1,845$1,482$966
20 years$3,232$2,614$2,097$1,671$1,324$840
21 years$3,046$2,435$1,929$1,517$1,185$730
22 years$2,877$2,273$1,778$1,379$1,062$636
23 years$2,723$2,126$1,642$1,256$953$555
24 years$2,581$1,992$1,518$1,146$857$485
25 years$2,452$1,869$1,406$1,046$771$423
26 years$2,332$1,756$1,304$957$695$370
27 years$2,222$1,653$1,211$876$626$324
28 years$2,120$1,558$1,126$802$565$284
29 years$2,024$1,469$1,048$736$510$248
30 years$1,936$1,388$976$675$461$218
31 years$1,853$1,312$910$620$417$191
32 years$1,776$1,241$849$570$377$167
33 years$1,703$1,176$793$524$341$147
34 years$1,635$1,114$741$482$309$129
35 years$1,571$1,057$692$444$280$113
36 years$1,510$1,003$648$409$254$99
37 years$1,453$953$606$377$230$87
38 years$1,399$905$568$347$208$76
39 years$1,348$861$532$320$189$67
40 years$1,300$819$499$295$171$59
41 years$1,254$780$467$272$155$52
42 years$1,211$743$438$251$141$45
43 years$1,169$707$411$232$128$40
44 years$1,130$674$386$214$116$35
45 years$1,092$643$363$198$105$31
46 years$1,057$613$341$183$96$27
47 years$1,022$585$320$169$87$24
48 years$990$559$301$156$79$21
49 years$958$534$283$144$72$18
50 years$929$510$266$133$65$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $951,000, adding $5,372 every year, while hoping to spend $36,106 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: 44/44/12 Blend
65$951,000$951,000$951,000$951,000
66$1,053,543$1,003,140$988,400$1,096,042
67$1,122,588$1,013,878$983,095$1,136,916
68$1,197,465$1,023,931$976,402$1,177,118
69$1,278,732$1,033,229$968,236$1,219,889
70$1,367,000$1,041,695$958,510$1,265,481
71$1,462,944$1,049,247$947,129$1,314,170
72$1,567,304$1,055,800$933,998$1,366,264
73$1,680,895$1,061,260$919,013$1,422,104
74$1,804,615$1,065,531$902,069$1,482,066
75$1,939,451$1,068,507$883,053$1,546,566
76$2,086,489$1,070,078$861,850$1,616,067
77$2,246,926$1,070,127$838,336$1,691,079
78$2,422,077$1,068,527$812,385$1,772,165
79$2,613,391$1,065,148$783,862$1,859,952
80$2,822,464$1,059,846$752,628$1,955,131
81$3,051,050$1,052,474$718,537$2,058,465
82$3,301,085$1,042,873$681,436$2,170,801
83$3,574,696$1,030,874$641,164$2,293,072
84$3,874,228$1,016,300$597,556$2,426,314
85$4,202,262$998,962$550,437$2,571,669
86$4,561,641$978,659$499,624$2,730,401
87$4,955,495$955,179$444,928$2,903,906
88$5,387,271$928,299$386,150$3,093,728
89$5,860,768$897,781$323,081$3,301,573
90$6,380,168$863,374$255,505$3,529,326
91$6,950,076$824,810$183,196$3,779,070
92$7,575,568$781,810$105,917$4,053,107
93$8,262,233$734,075$23,422$4,353,979
94$9,016,227$681,291$0$4,684,493
95$9,844,332$623,125$0$5,056,026
96$10,754,021$559,225$0$5,467,467
97$11,753,523$489,219$0$5,919,635
98$12,851,906$412,714$0$6,416,743
99$14,059,159$329,296$0$6,963,443
100$15,386,287$238,525$0$7,564,870