Can I retire at age 66 with 990,000?

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 $990,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$81,753$81,025$80,315$79,621$78,944$78,120
2 years$40,472$39,718$38,988$38,279$37,592$36,762
3 years$26,713$25,956$25,228$24,526$23,850$23,040
4 years$19,835$19,081$18,359$17,670$17,010$16,226
5 years$15,710$14,959$14,248$13,572$12,931$12,175
6 years$12,960$12,215$11,514$10,854$10,232$9,506
7 years$10,997$10,259$9,568$8,923$8,321$7,625
8 years$9,525$8,793$8,115$7,486$6,903$6,236
9 years$8,381$7,656$6,989$6,376$5,813$5,176
10 years$7,466$6,749$6,093$5,496$4,953$4,345
11 years$6,718$6,008$5,364$4,783$4,260$3,680
12 years$6,095$5,392$4,761$4,196$3,692$3,140
13 years$5,569$4,873$4,253$3,704$3,219$2,695
14 years$5,118$4,430$3,822$3,288$2,822$2,324
15 years$4,727$4,046$3,451$2,932$2,485$2,013
16 years$4,386$3,713$3,128$2,626$2,196$1,749
17 years$4,085$3,419$2,847$2,359$1,947$1,524
18 years$3,818$3,159$2,599$2,126$1,731$1,332
19 years$3,579$2,928$2,379$1,921$1,543$1,166
20 years$3,365$2,721$2,183$1,740$1,378$1,023
21 years$3,171$2,534$2,008$1,579$1,233$899
22 years$2,995$2,366$1,851$1,436$1,106$791
23 years$2,834$2,213$1,709$1,308$992$697
24 years$2,687$2,073$1,581$1,193$892$614
25 years$2,552$1,946$1,464$1,089$803$542
26 years$2,428$1,829$1,358$996$723$479
27 years$2,313$1,721$1,261$912$652$424
28 years$2,206$1,622$1,172$835$588$375
29 years$2,107$1,530$1,091$766$531$332
30 years$2,015$1,445$1,016$703$480$294
31 years$1,929$1,366$947$646$434$260
32 years$1,848$1,292$884$593$392$231
33 years$1,773$1,224$825$546$355$204
34 years$1,702$1,160$771$502$322$181
35 years$1,635$1,100$721$462$291$161
36 years$1,572$1,044$674$426$264$143
37 years$1,513$992$631$392$239$127
38 years$1,457$942$591$361$217$112
39 years$1,404$896$554$333$197$100
40 years$1,353$853$519$307$178$89
41 years$1,306$812$487$284$162$79
42 years$1,260$773$456$262$147$70
43 years$1,217$737$428$242$133$62
44 years$1,176$702$402$223$121$55
45 years$1,137$669$378$206$110$49
46 years$1,100$639$355$190$100$44
47 years$1,064$609$333$176$91$39
48 years$1,030$582$313$162$82$34
49 years$998$556$294$150$75$31
50 years$967$531$277$139$68$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $990,000, adding $6,417 every year, while hoping to spend $50,097 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: 54/30/16 Blend
65$990,000$990,000$990,000$990,000
66$1,097,599$1,045,129$1,029,784$1,151,849
67$1,156,251$1,043,038$1,010,979$1,187,487
68$1,219,207$1,039,165$989,865$1,220,366
69$1,286,853$1,033,370$966,312$1,255,033
70$1,359,611$1,025,505$940,183$1,291,668
71$1,437,949$1,015,411$911,336$1,330,477
72$1,522,375$1,002,923$879,622$1,371,686
73$1,613,453$987,861$844,885$1,415,548
74$1,711,799$970,040$806,961$1,462,344
75$1,818,089$949,259$765,682$1,512,386
76$1,933,069$925,307$720,867$1,566,022
77$2,057,557$897,963$672,331$1,623,638
78$2,192,454$866,989$619,880$1,685,664
79$2,338,749$832,135$563,310$1,752,575
80$2,497,529$793,138$502,409$1,824,902
81$2,669,992$749,717$436,955$1,903,233
82$2,857,455$701,576$366,716$1,988,218
83$3,061,365$648,403$291,451$2,080,582
84$3,283,316$589,867$210,907$2,181,128
85$3,525,061$525,617$124,819$2,290,745
86$3,788,530$455,285$32,913$2,410,419
87$4,075,846$378,480$0$2,541,245
88$4,389,346$294,790$0$2,695,559
89$4,731,603$203,778$0$2,870,297
90$5,105,448$104,985$0$3,061,375
91$5,513,999$0$0$3,270,494
92$5,960,688$0$0$3,500,221
93$6,449,293$0$0$3,789,504
94$6,983,975$0$0$4,106,159
95$7,569,315$0$0$4,452,913
96$8,210,359$0$0$4,832,765
97$8,912,662$0$0$5,249,021
98$9,682,343$0$0$5,705,319
99$10,526,140$0$0$6,205,667
100$11,451,474$0$0$6,754,481