Can I retire at age 66 with 840,000?

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 $840,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$69,366$68,749$68,146$67,557$66,983$66,533
2 years$34,340$33,700$33,080$32,479$31,897$31,443
3 years$22,666$22,023$21,405$20,810$20,236$19,793
4 years$16,830$16,190$15,578$14,992$14,433$14,003
5 years$13,329$12,693$12,089$11,516$10,972$10,556
6 years$10,996$10,365$9,770$9,209$8,681$8,282
7 years$9,331$8,704$8,119$7,571$7,060$6,676
8 years$8,082$7,461$6,885$6,351$5,857$5,489
9 years$7,111$6,496$5,930$5,410$4,933$4,580
10 years$6,335$5,726$5,170$4,663$4,203$3,865
11 years$5,700$5,098$4,552$4,059$3,615$3,292
12 years$5,172$4,575$4,039$3,560$3,132$2,825
13 years$4,725$4,135$3,609$3,143$2,731$2,438
14 years$4,342$3,758$3,243$2,790$2,394$2,115
15 years$4,011$3,433$2,928$2,488$2,108$1,843
16 years$3,722$3,150$2,654$2,228$1,863$1,611
17 years$3,466$2,901$2,415$2,002$1,652$1,413
18 years$3,240$2,681$2,205$1,804$1,469$1,243
19 years$3,037$2,484$2,019$1,630$1,309$1,095
20 years$2,855$2,309$1,853$1,476$1,169$967
21 years$2,690$2,150$1,704$1,340$1,047$855
22 years$2,541$2,007$1,570$1,218$938$758
23 years$2,405$1,877$1,450$1,109$842$672
24 years$2,280$1,759$1,341$1,012$757$597
25 years$2,166$1,651$1,242$924$681$531
26 years$2,060$1,551$1,152$845$613$472
27 years$1,963$1,460$1,070$773$553$420
28 years$1,872$1,376$994$709$499$375
29 years$1,788$1,298$925$650$451$334
30 years$1,710$1,226$862$596$407$298
31 years$1,637$1,159$804$548$368$266
32 years$1,568$1,096$750$503$333$237
33 years$1,504$1,038$700$463$301$212
34 years$1,444$984$654$426$273$189
35 years$1,387$933$612$392$247$169
36 years$1,334$886$572$361$224$151
37 years$1,284$841$535$333$203$135
38 years$1,236$800$501$307$184$121
39 years$1,191$760$470$283$167$108
40 years$1,148$723$440$261$151$97
41 years$1,108$689$413$241$137$87
42 years$1,069$656$387$222$125$78
43 years$1,033$625$363$205$113$69
44 years$998$596$341$189$103$62
45 years$965$568$320$175$93$56
46 years$933$542$301$161$85$50
47 years$903$517$283$149$77$45
48 years$874$494$266$138$70$40
49 years$847$471$250$127$63$36
50 years$820$450$235$118$58$32

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $840,000, adding $5,921 every year, while hoping to spend $48,801 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: 33/44/23 Blend
65$840,000$840,000$840,000$840,000
66$931,788$887,268$874,248$955,810
67$974,906$878,820$851,611$965,862
68$1,020,787$868,322$826,580$971,855
69$1,069,661$855,624$799,024$977,323
70$1,121,779$840,562$768,805$982,251
71$1,177,419$822,968$735,778$986,626
72$1,236,882$802,660$699,793$990,440
73$1,300,500$779,446$660,692$993,686
74$1,368,637$753,126$618,312$996,367
75$1,441,692$723,483$572,479$998,485
76$1,520,103$690,292$523,015$1,000,054
77$1,604,349$653,312$469,732$1,001,093
78$1,694,958$612,289$412,433$1,001,630
79$1,792,509$566,956$350,915$1,001,703
80$1,897,636$517,029$284,962$1,001,361
81$2,011,039$462,207$214,352$1,000,667
82$2,133,484$402,174$138,852$999,699
83$2,265,814$336,595$58,218$998,550
84$2,408,955$265,117$0$997,334
85$2,563,926$187,364$0$1,003,017
86$2,731,845$102,944$0$1,024,618
87$2,913,943$11,438$0$1,048,089
88$3,111,574$0$0$1,073,719
89$3,326,226$0$0$1,144,245
90$3,559,537$0$0$1,227,032
91$3,813,307$0$0$1,317,194
92$4,089,520$0$0$1,415,450
93$4,390,354$0$0$1,522,592
94$4,718,210$0$0$1,639,489
95$5,075,729$0$0$1,767,100
96$5,465,816$0$0$1,906,479
97$5,891,673$0$0$2,058,787
98$6,356,819$0$0$2,225,303
99$6,865,133$0$0$2,407,434
100$7,420,881$0$0$2,606,730