Can I retire at age 66 with 838,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $838,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$69,201$68,585$67,983$67,396$66,823$66,043
2 years$34,258$33,620$33,002$32,402$31,821$31,035
3 years$22,612$21,971$21,354$20,760$20,188$19,422
4 years$16,790$16,151$15,540$14,957$14,398$13,658
5 years$13,298$12,663$12,060$11,488$10,945$10,232
6 years$10,970$10,340$9,746$9,187$8,661$7,975
7 years$9,308$8,684$8,099$7,553$7,044$6,387
8 years$8,063$7,443$6,869$6,336$5,843$5,215
9 years$7,094$6,481$5,916$5,397$4,921$4,321
10 years$6,320$5,712$5,158$4,652$4,193$3,620
11 years$5,687$5,086$4,541$4,049$3,606$3,061
12 years$5,160$4,564$4,030$3,551$3,125$2,606
13 years$4,714$4,125$3,600$3,135$2,725$2,233
14 years$4,332$3,749$3,235$2,783$2,389$1,922
15 years$4,002$3,425$2,921$2,482$2,103$1,661
16 years$3,713$3,143$2,648$2,223$1,859$1,440
17 years$3,458$2,894$2,410$1,997$1,648$1,253
18 years$3,232$2,674$2,200$1,800$1,465$1,092
19 years$3,030$2,479$2,014$1,626$1,306$954
20 years$2,848$2,303$1,848$1,473$1,167$835
21 years$2,684$2,145$1,700$1,337$1,044$732
22 years$2,535$2,003$1,567$1,215$936$643
23 years$2,399$1,873$1,447$1,107$840$565
24 years$2,275$1,755$1,338$1,009$755$497
25 years$2,160$1,647$1,239$922$679$438
26 years$2,055$1,548$1,149$843$612$386
27 years$1,958$1,457$1,067$772$552$340
28 years$1,868$1,373$992$707$498$300
29 years$1,784$1,295$923$648$450$265
30 years$1,706$1,223$860$595$406$234
31 years$1,633$1,156$802$546$367$207
32 years$1,565$1,094$748$502$332$183
33 years$1,501$1,036$698$462$301$162
34 years$1,441$982$653$425$272$143
35 years$1,384$931$610$391$247$127
36 years$1,331$884$571$360$223$112
37 years$1,281$839$534$332$202$99
38 years$1,233$798$500$306$184$88
39 years$1,188$759$469$282$166$78
40 years$1,146$722$439$260$151$69
41 years$1,105$687$412$240$137$61
42 years$1,067$654$386$222$124$54
43 years$1,030$623$363$204$113$48
44 years$996$594$340$189$102$42
45 years$963$567$320$174$93$38
46 years$931$541$300$161$84$33
47 years$901$516$282$149$77$30
48 years$872$492$265$138$70$26
49 years$845$470$249$127$63$23
50 years$818$449$234$117$57$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $838,000, adding $2,302 every year, while hoping to spend $55,352 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: 79/5/16 Blend
65$838,000$838,000$838,000$838,000
66$925,851$881,437$868,448$995,655
67$961,393$865,733$838,646$1,026,262
68$998,706$847,404$805,992$1,052,548
69$1,037,911$826,264$770,330$1,079,843
70$1,079,141$802,115$731,499$1,108,224
71$1,122,541$774,745$689,331$1,137,778
72$1,168,267$743,935$643,651$1,168,602
73$1,216,491$709,448$594,274$1,200,803
74$1,267,399$671,037$541,008$1,234,497
75$1,321,195$628,439$483,653$1,269,816
76$1,378,100$581,376$421,999$1,306,903
77$1,438,358$529,555$355,827$1,345,919
78$1,502,231$472,664$284,908$1,387,038
79$1,570,011$410,377$209,005$1,430,458
80$1,642,012$342,345$127,867$1,476,394
81$1,718,581$268,204$41,234$1,525,084
82$1,800,097$187,566$0$1,576,795
83$1,886,972$100,023$0$1,640,561
84$1,979,662$5,143$0$1,716,044
85$2,078,664$0$0$1,796,606
86$2,184,521$0$0$1,888,060
87$2,297,831$0$0$1,986,273
88$2,419,250$0$0$2,091,531
89$2,549,495$0$0$2,204,459
90$2,689,355$0$0$2,325,743
91$2,839,694$0$0$2,456,136
92$3,001,463$0$0$2,596,463
93$3,175,704$0$0$2,747,633
94$3,363,562$0$0$2,910,641
95$3,566,296$0$0$3,086,582
96$3,785,288$0$0$3,276,660
97$4,022,057$0$0$3,482,196
98$4,278,272$0$0$3,704,643
99$4,555,770$0$0$3,945,599
100$4,856,567$0$0$4,206,819