Can I retire at age 66 with 838,000?

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 $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%16.2%
1 years$69,201$68,585$67,983$67,396$66,823$65,129
2 years$34,258$33,620$33,002$32,402$31,821$30,124
3 years$22,612$21,971$21,354$20,760$20,188$18,543
4 years$16,790$16,151$15,540$14,957$14,398$12,817
5 years$13,298$12,663$12,060$11,488$10,945$9,433
6 years$10,970$10,340$9,746$9,187$8,661$7,218
7 years$9,308$8,684$8,099$7,553$7,044$5,671
8 years$8,063$7,443$6,869$6,336$5,843$4,540
9 years$7,094$6,481$5,916$5,397$4,921$3,686
10 years$6,320$5,712$5,158$4,652$4,193$3,025
11 years$5,687$5,086$4,541$4,049$3,606$2,503
12 years$5,160$4,564$4,030$3,551$3,125$2,085
13 years$4,714$4,125$3,600$3,135$2,725$1,746
14 years$4,332$3,749$3,235$2,783$2,389$1,469
15 years$4,002$3,425$2,921$2,482$2,103$1,240
16 years$3,713$3,143$2,648$2,223$1,859$1,050
17 years$3,458$2,894$2,410$1,997$1,648$891
18 years$3,232$2,674$2,200$1,800$1,465$758
19 years$3,030$2,479$2,014$1,626$1,306$646
20 years$2,848$2,303$1,848$1,473$1,167$551
21 years$2,684$2,145$1,700$1,337$1,044$471
22 years$2,535$2,003$1,567$1,215$936$403
23 years$2,399$1,873$1,447$1,107$840$345
24 years$2,275$1,755$1,338$1,009$755$295
25 years$2,160$1,647$1,239$922$679$253
26 years$2,055$1,548$1,149$843$612$217
27 years$1,958$1,457$1,067$772$552$186
28 years$1,868$1,373$992$707$498$160
29 years$1,784$1,295$923$648$450$137
30 years$1,706$1,223$860$595$406$118
31 years$1,633$1,156$802$546$367$101
32 years$1,565$1,094$748$502$332$87
33 years$1,501$1,036$698$462$301$75
34 years$1,441$982$653$425$272$64
35 years$1,384$931$610$391$247$55
36 years$1,331$884$571$360$223$48
37 years$1,281$839$534$332$202$41
38 years$1,233$798$500$306$184$35
39 years$1,188$759$469$282$166$30
40 years$1,146$722$439$260$151$26
41 years$1,105$687$412$240$137$22
42 years$1,067$654$386$222$124$19
43 years$1,030$623$363$204$113$17
44 years$996$594$340$189$102$14
45 years$963$567$320$174$93$12
46 years$931$541$300$161$84$11
47 years$901$516$282$149$77$9
48 years$872$492$265$138$70$8
49 years$845$470$249$127$63$7
50 years$818$449$234$117$57$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $838,000, adding $5,559 every year, while hoping to spend $42,330 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: 42/36/22 Blend
65$838,000$838,000$838,000$838,000
66$929,210$884,796$871,807$962,044
67$978,951$883,112$855,974$984,275
68$1,032,346$879,927$838,191$1,003,839
69$1,089,725$875,123$818,350$1,024,169
70$1,151,446$868,573$796,334$1,045,360
71$1,217,906$860,146$772,024$1,067,516
72$1,289,539$849,700$745,293$1,090,757
73$1,366,822$837,085$716,010$1,115,216
74$1,450,278$822,143$684,037$1,141,047
75$1,540,485$804,706$649,231$1,168,419
76$1,638,074$784,596$611,440$1,197,524
77$1,743,742$761,626$570,507$1,228,577
78$1,858,253$735,595$526,269$1,261,820
79$1,982,449$706,293$478,553$1,297,524
80$2,117,255$673,498$427,181$1,335,991
81$2,263,688$636,972$371,964$1,377,562
82$2,422,866$596,466$312,707$1,422,615
83$2,596,022$551,716$249,206$1,471,574
84$2,784,509$502,443$181,248$1,524,913
85$2,989,819$448,352$108,609$1,583,158
86$3,213,590$389,132$31,057$1,646,900
87$3,457,629$324,452$0$1,716,794
88$3,723,922$253,964$0$1,805,707
89$4,014,655$177,302$0$1,910,885
90$4,332,237$94,076$0$2,025,997
91$4,679,316$3,877$0$2,152,115
92$5,058,811$0$0$2,290,424
93$5,473,934$0$0$2,479,369
94$5,928,222$0$0$2,687,925
95$6,425,570$0$0$2,916,357
96$6,970,266$0$0$3,166,648
97$7,567,034$0$0$3,440,983
98$8,221,074$0$0$3,741,766
99$8,938,117$0$0$4,071,649
100$9,724,470$0$0$4,433,549