Can I retire at age 66 with 843,000?

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 $843,000?

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$69,614$68,994$68,389$67,799$67,222$66,826
2 years$34,462$33,821$33,199$32,595$32,010$31,611
3 years$22,747$22,102$21,482$20,884$20,309$19,918
4 years$16,890$16,247$15,633$15,046$14,484$14,106
5 years$13,377$12,738$12,132$11,557$11,011$10,645
6 years$11,036$10,402$9,804$9,242$8,712$8,360
7 years$9,364$8,735$8,148$7,598$7,086$6,747
8 years$8,111$7,488$6,910$6,374$5,878$5,553
9 years$7,137$6,519$5,951$5,429$4,950$4,639
10 years$6,358$5,747$5,189$4,680$4,218$3,920
11 years$5,721$5,116$4,568$4,073$3,628$3,343
12 years$5,190$4,592$4,054$3,573$3,144$2,872
13 years$4,742$4,150$3,622$3,154$2,741$2,482
14 years$4,358$3,772$3,254$2,800$2,403$2,156
15 years$4,025$3,446$2,938$2,497$2,116$1,881
16 years$3,735$3,161$2,664$2,236$1,870$1,647
17 years$3,479$2,911$2,424$2,009$1,658$1,446
18 years$3,251$2,690$2,213$1,810$1,474$1,274
19 years$3,048$2,493$2,026$1,636$1,314$1,124
20 years$2,865$2,317$1,859$1,482$1,174$994
21 years$2,700$2,158$1,710$1,345$1,050$881
22 years$2,550$2,015$1,576$1,223$941$781
23 years$2,413$1,884$1,455$1,113$845$694
24 years$2,288$1,765$1,346$1,015$760$617
25 years$2,173$1,657$1,247$927$684$550
26 years$2,067$1,557$1,156$848$616$490
27 years$1,970$1,465$1,074$776$555$437
28 years$1,879$1,381$998$711$501$390
29 years$1,795$1,303$929$652$452$348
30 years$1,716$1,230$865$598$409$311
31 years$1,643$1,163$806$550$369$278
32 years$1,574$1,100$752$505$334$249
33 years$1,510$1,042$703$465$302$222
34 years$1,449$988$656$427$274$199
35 years$1,392$937$614$393$248$178
36 years$1,339$889$574$362$225$160
37 years$1,288$844$537$334$204$143
38 years$1,241$803$503$308$185$128
39 years$1,195$763$471$284$167$115
40 years$1,153$726$442$262$152$103
41 years$1,112$691$414$241$138$92
42 years$1,073$658$389$223$125$83
43 years$1,037$627$365$206$113$74
44 years$1,002$598$342$190$103$66
45 years$968$570$321$175$94$60
46 years$937$544$302$162$85$53
47 years$906$519$284$150$77$48
48 years$877$495$267$138$70$43
49 years$850$473$251$128$64$39
50 years$823$452$236$118$58$35

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $843,000, adding $2,843 every year, while hoping to spend $49,476 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: 64/28/8 Blend
65$843,000$843,000$843,000$843,000
66$931,919$887,240$874,173$989,901
67$974,332$878,072$850,816$1,019,730
68$1,019,414$866,797$825,018$1,046,216
69$1,067,383$853,260$796,645$1,073,865
70$1,118,481$837,294$765,558$1,102,788
71$1,172,971$818,727$731,609$1,133,107
72$1,231,142$797,372$694,645$1,164,958
73$1,293,310$773,035$654,507$1,198,495
74$1,359,821$745,507$611,027$1,233,887
75$1,431,057$714,571$564,031$1,271,324
76$1,507,433$679,993$513,334$1,311,017
77$1,589,408$641,530$458,747$1,353,200
78$1,677,483$598,920$400,070$1,398,135
79$1,772,209$551,890$337,095$1,446,114
80$1,874,191$500,149$269,605$1,497,459
81$1,984,094$443,392$197,372$1,552,531
82$2,102,646$381,293$120,159$1,611,729
83$2,230,651$313,511$37,720$1,675,499
84$2,368,989$239,685$0$1,744,335
85$2,518,628$159,431$0$1,823,074
86$2,680,632$72,347$0$1,911,751
87$2,856,171$0$0$2,007,842
88$3,046,531$0$0$2,118,900
89$3,253,128$0$0$2,263,671
90$3,477,517$0$0$2,420,962
91$3,721,410$0$0$2,591,977
92$3,986,689$0$0$2,778,044
93$4,275,426$0$0$2,980,624
94$4,589,901$0$0$3,201,322
95$4,932,620$0$0$3,441,906
96$5,306,346$0$0$3,704,322
97$5,714,115$0$0$3,990,712
98$6,159,272$0$0$4,303,433
99$6,645,498$0$0$4,645,081
100$7,176,845$0$0$5,018,511