Can I retire at age 65 with 866,000?

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 $866,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.3%
1 years$71,513$70,876$70,255$69,648$69,056$67,277
2 years$35,403$34,743$34,104$33,485$32,884$31,104
3 years$23,367$22,705$22,068$21,454$20,863$19,137
4 years$17,351$16,691$16,060$15,456$14,880$13,221
5 years$13,742$13,086$12,463$11,872$11,311$9,725
6 years$11,337$10,685$10,072$9,494$8,950$7,438
7 years$9,619$8,974$8,370$7,806$7,279$5,840
8 years$8,332$7,692$7,098$6,548$6,039$4,673
9 years$7,331$6,697$6,114$5,577$5,085$3,791
10 years$6,531$5,903$5,330$4,808$4,333$3,109
11 years$5,877$5,255$4,693$4,184$3,726$2,571
12 years$5,332$4,717$4,165$3,670$3,229$2,141
13 years$4,871$4,263$3,721$3,240$2,816$1,792
14 years$4,477$3,875$3,343$2,876$2,468$1,506
15 years$4,135$3,540$3,018$2,565$2,173$1,270
16 years$3,837$3,248$2,737$2,297$1,921$1,075
17 years$3,574$2,991$2,490$2,064$1,703$912
18 years$3,340$2,764$2,273$1,860$1,514$775
19 years$3,131$2,561$2,081$1,680$1,350$660
20 years$2,943$2,380$1,910$1,522$1,206$563
21 years$2,774$2,217$1,757$1,381$1,079$480
22 years$2,620$2,070$1,619$1,256$967$410
23 years$2,479$1,936$1,495$1,144$868$351
24 years$2,351$1,814$1,383$1,043$780$301
25 years$2,233$1,702$1,281$953$702$257
26 years$2,124$1,599$1,188$871$632$221
27 years$2,023$1,505$1,103$797$570$189
28 years$1,930$1,418$1,025$731$515$162
29 years$1,843$1,338$954$670$465$139
30 years$1,763$1,264$889$615$420$120
31 years$1,687$1,195$828$565$380$103
32 years$1,617$1,130$773$519$343$88
33 years$1,551$1,070$722$477$311$76
34 years$1,489$1,015$674$439$281$65
35 years$1,430$962$630$404$255$56
36 years$1,375$913$590$372$231$48
37 years$1,323$867$552$343$209$41
38 years$1,274$824$517$316$190$35
39 years$1,228$784$484$291$172$30
40 years$1,184$746$454$269$156$26
41 years$1,142$710$426$248$142$22
42 years$1,103$676$399$229$128$19
43 years$1,065$644$375$211$117$17
44 years$1,029$614$352$195$106$14
45 years$995$586$330$180$96$12
46 years$962$559$310$166$87$11
47 years$931$533$291$154$79$9
48 years$901$509$274$142$72$8
49 years$873$486$257$131$65$7
50 years$846$464$242$121$59$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $866,000, adding $3,072 every year, while hoping to spend $37,189 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: 56/24/20 Blend
64$866,000$866,000$866,000$866,000
65$957,501$911,603$898,180$1,005,812
66$1,015,597$916,702$888,700$1,044,219
67$1,078,373$920,806$877,656$1,081,804
68$1,146,266$923,824$864,957$1,121,934
69$1,219,758$925,665$850,506$1,164,864
70$1,299,378$926,227$834,203$1,210,874
71$1,385,709$925,406$815,942$1,260,276
72$1,479,389$923,089$795,615$1,313,414
73$1,581,124$919,158$773,105$1,370,667
74$1,691,687$913,485$748,293$1,432,458
75$1,811,930$905,937$721,051$1,499,252
76$1,942,791$896,371$691,250$1,571,565
77$2,085,299$884,637$658,750$1,649,966
78$2,240,590$870,575$623,409$1,735,086
79$2,409,912$854,015$585,075$1,827,623
80$2,594,640$834,779$543,592$1,928,345
81$2,796,286$812,675$498,795$2,038,106
82$3,016,515$787,504$450,513$2,157,847
83$3,257,160$759,053$398,565$2,288,608
84$3,520,239$727,095$342,766$2,431,540
85$3,807,974$691,393$282,920$2,587,913
86$4,122,811$651,695$218,821$2,759,131
87$4,467,444$607,735$150,258$2,946,747
88$4,844,839$559,229$77,007$3,152,473
89$5,258,262$505,881$0$3,378,202
90$5,711,311$447,375$0$3,626,274
91$6,207,946$383,378$0$3,916,302
92$6,752,533$313,539$0$4,234,439
93$7,349,875$237,487$0$4,583,558
94$8,005,267$154,828$0$4,966,826
95$8,724,538$65,149$0$5,387,735
96$9,514,111$0$0$5,850,139
97$10,381,060$0$0$6,366,735
98$11,333,178$0$0$6,953,058
99$12,379,049$0$0$7,597,199
100$13,528,131$0$0$8,304,992