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%11%
1 years$69,201$68,585$67,983$67,396$66,823$66,542
2 years$34,258$33,620$33,002$32,402$31,821$31,536
3 years$22,612$21,971$21,354$20,760$20,188$19,910
4 years$16,790$16,151$15,540$14,957$14,398$14,129
5 years$13,298$12,663$12,060$11,488$10,945$10,685
6 years$10,970$10,340$9,746$9,187$8,661$8,409
7 years$9,308$8,684$8,099$7,553$7,044$6,802
8 years$8,063$7,443$6,869$6,336$5,843$5,611
9 years$7,094$6,481$5,916$5,397$4,921$4,698
10 years$6,320$5,712$5,158$4,652$4,193$3,979
11 years$5,687$5,086$4,541$4,049$3,606$3,402
12 years$5,160$4,564$4,030$3,551$3,125$2,930
13 years$4,714$4,125$3,600$3,135$2,725$2,539
14 years$4,332$3,749$3,235$2,783$2,389$2,211
15 years$4,002$3,425$2,921$2,482$2,103$1,934
16 years$3,713$3,143$2,648$2,223$1,859$1,698
17 years$3,458$2,894$2,410$1,997$1,648$1,495
18 years$3,232$2,674$2,200$1,800$1,465$1,320
19 years$3,030$2,479$2,014$1,626$1,306$1,169
20 years$2,848$2,303$1,848$1,473$1,167$1,036
21 years$2,684$2,145$1,700$1,337$1,044$921
22 years$2,535$2,003$1,567$1,215$936$819
23 years$2,399$1,873$1,447$1,107$840$730
24 years$2,275$1,755$1,338$1,009$755$651
25 years$2,160$1,647$1,239$922$679$582
26 years$2,055$1,548$1,149$843$612$520
27 years$1,958$1,457$1,067$772$552$465
28 years$1,868$1,373$992$707$498$416
29 years$1,784$1,295$923$648$450$373
30 years$1,706$1,223$860$595$406$334
31 years$1,633$1,156$802$546$367$300
32 years$1,565$1,094$748$502$332$269
33 years$1,501$1,036$698$462$301$242
34 years$1,441$982$653$425$272$217
35 years$1,384$931$610$391$247$195
36 years$1,331$884$571$360$223$175
37 years$1,281$839$534$332$202$157
38 years$1,233$798$500$306$184$141
39 years$1,188$759$469$282$166$127
40 years$1,146$722$439$260$151$114
41 years$1,105$687$412$240$137$103
42 years$1,067$654$386$222$124$93
43 years$1,030$623$363$204$113$83
44 years$996$594$340$189$102$75
45 years$963$567$320$174$93$67
46 years$931$541$300$161$84$61
47 years$901$516$282$149$77$55
48 years$872$492$265$138$70$49
49 years$845$470$249$127$63$44
50 years$818$449$234$117$57$40

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $838,000, adding $4,653 every year, while hoping to spend $26,568 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: 42/43/15 Blend
65$838,000$838,000$838,000$838,000
66$928,276$883,862$870,873$963,003
67$994,692$898,903$871,779$1,002,947
68$1,066,991$913,790$871,825$1,043,194
69$1,145,748$928,489$870,954$1,086,204
70$1,231,589$942,960$869,106$1,132,242
71$1,325,210$957,164$866,219$1,181,599
72$1,427,371$971,055$862,228$1,234,601
73$1,538,913$984,587$857,063$1,291,602
74$1,660,760$997,709$850,652$1,352,997
75$1,793,929$1,010,369$842,921$1,419,220
76$1,939,540$1,022,507$833,789$1,490,753
77$2,098,826$1,034,063$823,174$1,568,125
78$2,273,146$1,044,971$810,989$1,651,922
79$2,463,993$1,055,161$797,143$1,742,790
80$2,673,014$1,064,558$781,542$1,841,443
81$2,902,024$1,073,083$764,086$1,948,669
82$3,153,017$1,080,651$744,670$2,065,337
83$3,428,195$1,087,173$723,185$2,192,409
84$3,729,977$1,092,551$699,519$2,330,944
85$4,061,033$1,096,684$673,551$2,482,112
86$4,424,300$1,099,463$645,157$2,647,206
87$4,823,016$1,100,774$614,206$2,827,651
88$5,260,744$1,100,493$580,563$3,025,022
89$5,741,413$1,098,490$544,085$3,241,054
90$6,269,349$1,094,628$504,623$3,477,665
91$6,849,317$1,088,759$462,023$3,736,971
92$7,486,567$1,080,728$416,120$4,021,307
93$8,186,883$1,070,370$366,747$4,333,248
94$8,956,637$1,057,510$313,725$4,675,638
95$9,802,849$1,041,962$256,869$5,051,614
96$10,733,252$1,023,531$195,987$5,464,636
97$11,756,368$1,002,008$130,876$5,918,523
98$12,881,583$977,173$61,327$6,417,489
99$14,119,242$948,792$0$6,966,182
100$15,480,740$916,617$0$7,571,792