Can I retire at age 66 with 843,000?

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 $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%14.1%
1 years$69,614$68,994$68,389$67,799$67,222$66,081
2 years$34,462$33,821$33,199$32,595$32,010$30,865
3 years$22,747$22,102$21,482$20,884$20,309$19,194
4 years$16,890$16,247$15,633$15,046$14,484$13,408
5 years$13,377$12,738$12,132$11,557$11,011$9,977
6 years$11,036$10,402$9,804$9,242$8,712$7,722
7 years$9,364$8,735$8,148$7,598$7,086$6,139
8 years$8,111$7,488$6,910$6,374$5,878$4,975
9 years$7,137$6,519$5,951$5,429$4,950$4,091
10 years$6,358$5,747$5,189$4,680$4,218$3,401
11 years$5,721$5,116$4,568$4,073$3,628$2,852
12 years$5,190$4,592$4,054$3,573$3,144$2,408
13 years$4,742$4,150$3,622$3,154$2,741$2,045
14 years$4,358$3,772$3,254$2,800$2,403$1,745
15 years$4,025$3,446$2,938$2,497$2,116$1,495
16 years$3,735$3,161$2,664$2,236$1,870$1,285
17 years$3,479$2,911$2,424$2,009$1,658$1,107
18 years$3,251$2,690$2,213$1,810$1,474$956
19 years$3,048$2,493$2,026$1,636$1,314$828
20 years$2,865$2,317$1,859$1,482$1,174$717
21 years$2,700$2,158$1,710$1,345$1,050$623
22 years$2,550$2,015$1,576$1,223$941$541
23 years$2,413$1,884$1,455$1,113$845$471
24 years$2,288$1,765$1,346$1,015$760$410
25 years$2,173$1,657$1,247$927$684$358
26 years$2,067$1,557$1,156$848$616$312
27 years$1,970$1,465$1,074$776$555$272
28 years$1,879$1,381$998$711$501$238
29 years$1,795$1,303$929$652$452$208
30 years$1,716$1,230$865$598$409$182
31 years$1,643$1,163$806$550$369$159
32 years$1,574$1,100$752$505$334$139
33 years$1,510$1,042$703$465$302$121
34 years$1,449$988$656$427$274$106
35 years$1,392$937$614$393$248$93
36 years$1,339$889$574$362$225$81
37 years$1,288$844$537$334$204$71
38 years$1,241$803$503$308$185$62
39 years$1,195$763$471$284$167$55
40 years$1,153$726$442$262$152$48
41 years$1,112$691$414$241$138$42
42 years$1,073$658$389$223$125$37
43 years$1,037$627$365$206$113$32
44 years$1,002$598$342$190$103$28
45 years$968$570$321$175$94$25
46 years$937$544$302$162$85$22
47 years$906$519$284$150$77$19
48 years$877$495$267$138$70$17
49 years$850$473$251$128$64$15
50 years$823$452$236$118$58$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $843,000, adding $3,980 every year, while hoping to spend $52,334 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: 31/39/30 Blend
65$843,000$843,000$843,000$843,000
66$933,091$888,412$875,346$953,373
67$972,584$876,262$848,987$957,354
68$1,014,350$861,761$819,991$956,807
69$1,058,568$844,742$788,215$955,207
70$1,105,429$825,021$753,507$952,501
71$1,155,145$802,410$715,712$948,633
72$1,207,947$776,705$674,665$943,549
73$1,264,086$747,692$630,195$937,194
74$1,323,839$715,144$582,122$929,515
75$1,387,507$678,823$530,260$920,458
76$1,455,421$638,474$474,412$909,973
77$1,527,944$593,829$414,375$898,009
78$1,605,472$544,604$349,934$884,522
79$1,688,441$490,501$280,868$869,467
80$1,777,328$431,201$206,943$852,807
81$1,872,656$366,371$127,917$834,508
82$1,975,000$295,657$43,535$814,543
83$2,084,990$218,684$0$792,892
84$2,203,319$135,059$0$784,435
85$2,330,745$44,364$0$790,122
86$2,468,103$0$0$796,106
87$2,616,310$0$0$825,615
88$2,776,372$0$0$878,148
89$2,949,397$0$0$935,042
90$3,136,599$0$0$996,710
91$3,339,317$0$0$1,063,605
92$3,559,020$0$0$1,136,229
93$3,797,324$0$0$1,215,131
94$4,056,006$0$0$1,300,916
95$4,337,022$0$0$1,394,248
96$4,642,522$0$0$1,495,861
97$4,974,870$0$0$1,606,559
98$5,336,671$0$0$1,727,230
99$5,730,788$0$0$1,858,848
100$6,160,373$0$0$2,002,487