Can I retire at age 66 with 839,000?

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 $839,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$69,284$68,667$68,065$67,477$66,903$66,509
2 years$34,299$33,660$33,041$32,441$31,859$31,461
3 years$22,639$21,997$21,380$20,785$20,212$19,824
4 years$16,810$16,170$15,559$14,975$14,416$14,039
5 years$13,313$12,678$12,074$11,502$10,959$10,595
6 years$10,983$10,352$9,758$9,198$8,671$8,321
7 years$9,320$8,694$8,109$7,562$7,052$6,715
8 years$8,072$7,452$6,877$6,344$5,850$5,527
9 years$7,103$6,489$5,923$5,404$4,927$4,617
10 years$6,327$5,719$5,164$4,658$4,198$3,901
11 years$5,694$5,092$4,546$4,054$3,610$3,327
12 years$5,166$4,570$4,035$3,556$3,129$2,858
13 years$4,720$4,130$3,605$3,139$2,728$2,470
14 years$4,337$3,754$3,239$2,787$2,392$2,146
15 years$4,006$3,429$2,924$2,485$2,106$1,872
16 years$3,717$3,146$2,651$2,225$1,861$1,639
17 years$3,462$2,898$2,413$1,999$1,650$1,440
18 years$3,236$2,678$2,202$1,802$1,467$1,268
19 years$3,033$2,482$2,016$1,628$1,308$1,119
20 years$2,851$2,306$1,850$1,475$1,168$989
21 years$2,687$2,148$1,702$1,338$1,045$876
22 years$2,538$2,005$1,569$1,217$937$778
23 years$2,402$1,875$1,448$1,108$841$691
24 years$2,277$1,757$1,339$1,011$756$614
25 years$2,163$1,649$1,241$923$680$547
26 years$2,058$1,550$1,151$844$613$487
27 years$1,960$1,458$1,068$772$552$435
28 years$1,870$1,374$993$708$498$388
29 years$1,786$1,296$924$649$450$346
30 years$1,708$1,224$861$596$407$309
31 years$1,635$1,157$803$547$368$277
32 years$1,567$1,095$749$503$333$247
33 years$1,503$1,037$699$462$301$221
34 years$1,442$983$653$425$273$198
35 years$1,386$932$611$392$247$177
36 years$1,333$885$571$361$224$159
37 years$1,282$840$535$332$203$142
38 years$1,235$799$501$306$184$127
39 years$1,190$760$469$282$167$114
40 years$1,147$723$440$260$151$102
41 years$1,107$688$412$240$137$92
42 years$1,068$655$387$222$124$82
43 years$1,032$624$363$205$113$74
44 years$997$595$341$189$103$66
45 years$964$567$320$175$93$59
46 years$932$541$300$161$84$53
47 years$902$517$282$149$77$48
48 years$873$493$265$138$70$43
49 years$846$471$249$127$63$38
50 years$819$450$234$118$57$34

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $839,000, adding $6,052 every year, while hoping to spend $56,591 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: 73/5/22 Blend
65$839,000$839,000$839,000$839,000
66$930,821$886,354$873,349$993,344
67$965,552$869,573$842,394$1,018,967
68$1,001,929$850,073$808,505$1,039,663
69$1,040,060$827,661$771,524$1,060,919
70$1,080,063$802,132$731,287$1,082,782
71$1,122,064$773,272$687,620$1,105,303
72$1,166,202$740,850$640,343$1,128,541
73$1,212,628$704,624$589,267$1,152,562
74$1,261,504$664,339$534,196$1,177,439
75$1,313,009$619,723$474,923$1,203,255
76$1,367,337$570,490$411,233$1,230,101
77$1,424,698$516,337$342,903$1,258,081
78$1,485,325$456,945$269,697$1,287,310
79$1,549,467$391,974$191,371$1,317,918
80$1,617,400$321,069$107,670$1,350,049
81$1,689,423$243,850$18,325$1,383,864
82$1,765,865$159,919$0$1,419,543
83$1,847,084$68,856$0$1,475,365
84$1,933,472$0$0$1,539,242
85$2,025,458$0$0$1,608,824
86$2,123,512$0$0$1,687,056
87$2,228,148$0$0$1,770,563
88$2,339,931$0$0$1,859,798
89$2,459,477$0$0$1,955,257
90$2,587,465$0$0$2,057,484
91$2,724,636$0$0$2,167,076
92$2,871,806$0$0$2,284,688
93$3,029,870$0$0$2,411,038
94$3,199,808$0$0$2,546,916
95$3,382,697$0$0$2,693,186
96$3,579,721$0$0$2,850,801
97$3,792,180$0$0$3,020,803
98$4,021,500$0$0$3,204,342
99$4,269,250$0$0$3,402,676
100$4,537,153$0$0$3,617,193