Can I retire at age 66 with 999,000?

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 $999,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.1%
1 years$82,496$81,762$81,045$80,345$79,662$77,360
2 years$40,840$40,079$39,342$38,627$37,934$35,633
3 years$26,956$26,192$25,457$24,749$24,067$21,839
4 years$20,016$19,254$18,526$17,830$17,165$15,027
5 years$15,852$15,095$14,377$13,695$13,048$11,007
6 years$13,078$12,327$11,619$10,952$10,325$8,381
7 years$11,097$10,352$9,655$9,004$8,397$6,551
8 years$9,612$8,873$8,188$7,554$6,966$5,217
9 years$8,457$7,726$7,053$6,434$5,866$4,213
10 years$7,534$6,810$6,149$5,546$4,998$3,438
11 years$6,779$6,063$5,413$4,827$4,299$2,828
12 years$6,151$5,441$4,804$4,234$3,725$2,342
13 years$5,620$4,917$4,292$3,738$3,248$1,950
14 years$5,164$4,470$3,857$3,318$2,848$1,630
15 years$4,770$4,083$3,482$2,959$2,507$1,367
16 years$4,426$3,746$3,157$2,650$2,216$1,150
17 years$4,122$3,450$2,873$2,381$1,965$970
18 years$3,853$3,188$2,622$2,145$1,747$820
19 years$3,612$2,955$2,401$1,939$1,557$694
20 years$3,395$2,746$2,203$1,756$1,391$588
21 years$3,200$2,558$2,026$1,593$1,245$499
22 years$3,022$2,387$1,868$1,449$1,116$424
23 years$2,860$2,233$1,725$1,319$1,001$360
24 years$2,712$2,092$1,595$1,203$900$306
25 years$2,576$1,963$1,477$1,099$810$261
26 years$2,450$1,845$1,370$1,005$730$222
27 years$2,334$1,736$1,272$920$658$189
28 years$2,227$1,636$1,183$843$594$161
29 years$2,127$1,544$1,101$773$536$137
30 years$2,034$1,458$1,025$709$484$117
31 years$1,947$1,378$956$651$438$100
32 years$1,865$1,304$892$599$396$85
33 years$1,789$1,235$833$550$358$73
34 years$1,717$1,170$778$507$325$62
35 years$1,650$1,110$727$466$294$53
36 years$1,587$1,054$680$429$266$45
37 years$1,527$1,001$637$396$241$39
38 years$1,470$951$596$365$219$33
39 years$1,417$904$559$336$198$28
40 years$1,366$860$524$310$180$24
41 years$1,318$819$491$286$163$20
42 years$1,272$780$461$264$148$17
43 years$1,228$743$432$244$134$15
44 years$1,187$708$406$225$122$13
45 years$1,147$676$381$208$111$11
46 years$1,110$644$358$192$101$9
47 years$1,074$615$336$177$91$8
48 years$1,040$587$316$164$83$7
49 years$1,007$561$297$151$75$6
50 years$975$536$279$140$68$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $999,000, adding $4,858 every year, while hoping to spend $43,649 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: 44/41/15 Blend
65$999,000$999,000$999,000$999,000
66$1,105,909$1,052,962$1,037,478$1,149,586
67$1,172,270$1,058,115$1,025,791$1,185,769
68$1,243,936$1,062,057$1,012,250$1,220,217
69$1,321,403$1,064,684$996,746$1,256,611
70$1,405,216$1,065,883$979,166$1,295,150
71$1,495,971$1,065,535$959,392$1,336,052
72$1,594,328$1,063,514$937,299$1,379,565
73$1,701,009$1,059,685$912,758$1,425,961
74$1,816,809$1,053,907$885,633$1,475,543
75$1,942,603$1,046,028$855,781$1,528,649
76$2,079,353$1,035,888$823,054$1,585,653
77$2,228,118$1,023,317$787,297$1,646,972
78$2,390,061$1,008,135$748,347$1,713,067
79$2,566,466$990,152$706,035$1,784,452
80$2,758,741$969,165$660,183$1,861,696
81$2,968,438$944,960$610,605$1,945,432
82$3,197,267$917,311$557,108$2,036,359
83$3,447,106$885,978$499,489$2,135,256
84$3,720,027$850,706$437,538$2,242,983
85$4,018,306$811,227$371,032$2,360,497
86$4,344,454$767,258$299,742$2,488,856
87$4,701,231$718,496$223,426$2,629,232
88$5,091,679$664,625$141,834$2,782,925
89$5,519,147$605,309$54,702$2,951,373
90$5,987,323$540,191$0$3,136,169
91$6,500,267$468,898$0$3,345,205
92$7,062,452$391,031$0$3,584,046
93$7,678,803$306,173$0$3,846,135
94$8,354,745$213,880$0$4,133,913
95$9,096,253$113,684$0$4,450,075
96$9,909,910$5,093$0$4,797,600
97$10,802,963$0$0$5,179,779
98$11,783,398$0$0$5,650,964
99$12,860,011$0$0$6,171,021
100$14,042,492$0$0$6,742,349