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%12.4%
1 years$71,513$70,876$70,255$69,648$69,056$68,363
2 years$35,403$34,743$34,104$33,485$32,884$32,186
3 years$23,367$22,705$22,068$21,454$20,863$20,182
4 years$17,351$16,691$16,060$15,456$14,880$14,220
5 years$13,742$13,086$12,463$11,872$11,311$10,676
6 years$11,337$10,685$10,072$9,494$8,950$8,339
7 years$9,619$8,974$8,370$7,806$7,279$6,693
8 years$8,332$7,692$7,098$6,548$6,039$5,478
9 years$7,331$6,697$6,114$5,577$5,085$4,549
10 years$6,531$5,903$5,330$4,808$4,333$3,821
11 years$5,877$5,255$4,693$4,184$3,726$3,238
12 years$5,332$4,717$4,165$3,670$3,229$2,765
13 years$4,871$4,263$3,721$3,240$2,816$2,374
14 years$4,477$3,875$3,343$2,876$2,468$2,049
15 years$4,135$3,540$3,018$2,565$2,173$1,776
16 years$3,837$3,248$2,737$2,297$1,921$1,544
17 years$3,574$2,991$2,490$2,064$1,703$1,347
18 years$3,340$2,764$2,273$1,860$1,514$1,177
19 years$3,131$2,561$2,081$1,680$1,350$1,032
20 years$2,943$2,380$1,910$1,522$1,206$906
21 years$2,774$2,217$1,757$1,381$1,079$796
22 years$2,620$2,070$1,619$1,256$967$701
23 years$2,479$1,936$1,495$1,144$868$618
24 years$2,351$1,814$1,383$1,043$780$546
25 years$2,233$1,702$1,281$953$702$482
26 years$2,124$1,599$1,188$871$632$426
27 years$2,023$1,505$1,103$797$570$377
28 years$1,930$1,418$1,025$731$515$334
29 years$1,843$1,338$954$670$465$296
30 years$1,763$1,264$889$615$420$262
31 years$1,687$1,195$828$565$380$232
32 years$1,617$1,130$773$519$343$206
33 years$1,551$1,070$722$477$311$183
34 years$1,489$1,015$674$439$281$162
35 years$1,430$962$630$404$255$144
36 years$1,375$913$590$372$231$128
37 years$1,323$867$552$343$209$114
38 years$1,274$824$517$316$190$101
39 years$1,228$784$484$291$172$90
40 years$1,184$746$454$269$156$80
41 years$1,142$710$426$248$142$71
42 years$1,103$676$399$229$128$63
43 years$1,065$644$375$211$117$56
44 years$1,029$614$352$195$106$50
45 years$995$586$330$180$96$44
46 years$962$559$310$166$87$39
47 years$931$533$291$154$79$35
48 years$901$509$274$142$72$31
49 years$873$486$257$131$65$28
50 years$846$464$242$121$59$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $866,000, adding $2,948 every year, while hoping to spend $37,064 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: 42/42/16 Blend
64$866,000$866,000$866,000$866,000
65$957,373$911,475$898,052$992,981
66$1,015,589$916,701$888,701$1,023,603
67$1,078,501$920,942$877,794$1,052,872
68$1,146,549$924,108$865,241$1,083,775
69$1,220,216$926,109$850,945$1,116,479
70$1,300,033$926,843$834,808$1,151,171
71$1,386,586$926,208$816,723$1,188,057
72$1,480,516$924,091$796,582$1,227,368
73$1,582,531$920,374$774,270$1,269,360
74$1,693,408$914,931$749,666$1,314,318
75$1,814,003$907,629$722,647$1,362,559
76$1,945,256$898,328$693,081$1,414,434
77$2,088,203$886,877$660,829$1,470,334
78$2,243,983$873,117$625,751$1,530,692
79$2,413,850$856,881$587,695$1,595,992
80$2,599,185$837,990$546,504$1,666,766
81$2,801,506$816,256$502,017$1,743,608
82$3,022,486$791,479$454,061$1,827,176
83$3,263,966$763,447$402,458$1,918,199
84$3,527,972$731,938$347,021$2,017,487
85$3,816,735$696,713$287,557$2,125,935
86$4,132,713$657,523$223,861$2,244,538
87$4,478,611$614,103$155,722$2,374,394
88$4,857,408$566,172$82,917$2,516,724
89$5,272,385$513,436$5,215$2,672,878
90$5,727,154$455,580$0$2,844,349
91$6,225,694$392,274$0$3,046,058
92$6,772,388$323,169$0$3,268,384
93$7,372,063$247,896$0$3,512,504
94$8,030,035$166,064$0$3,780,709
95$8,752,160$77,262$0$4,075,527
96$9,544,887$0$0$4,399,752
97$10,415,324$0$0$4,765,224
98$11,371,295$0$0$5,205,941
99$12,421,425$0$0$5,690,183
100$13,575,211$0$0$6,222,344