Can I retire at age 66 with 844,000?

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 $844,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$69,697$69,076$68,470$67,879$67,302$66,738
2 years$34,503$33,861$33,238$32,634$32,048$31,480
3 years$22,774$22,128$21,507$20,909$20,333$19,778
4 years$16,910$16,267$15,652$15,064$14,502$13,964
5 years$13,393$12,753$12,146$11,570$11,024$10,505
6 years$11,049$10,414$9,816$9,253$8,723$8,224
7 years$9,375$8,746$8,157$7,607$7,094$6,615
8 years$8,120$7,497$6,918$6,382$5,885$5,426
9 years$7,145$6,527$5,958$5,436$4,956$4,517
10 years$6,365$5,753$5,195$4,686$4,223$3,803
11 years$5,728$5,122$4,573$4,078$3,632$3,231
12 years$5,197$4,597$4,059$3,577$3,147$2,765
13 years$4,748$4,154$3,626$3,158$2,744$2,381
14 years$4,363$3,776$3,258$2,803$2,406$2,060
15 years$4,030$3,450$2,942$2,500$2,118$1,790
16 years$3,739$3,165$2,667$2,238$1,872$1,561
17 years$3,483$2,915$2,427$2,011$1,660$1,365
18 years$3,255$2,693$2,215$1,813$1,476$1,197
19 years$3,051$2,496$2,028$1,638$1,316$1,052
20 years$2,868$2,320$1,861$1,483$1,175$926
21 years$2,703$2,161$1,712$1,346$1,052$817
22 years$2,553$2,017$1,578$1,224$943$721
23 years$2,416$1,886$1,457$1,115$846$638
24 years$2,291$1,767$1,347$1,017$760$565
25 years$2,176$1,659$1,248$929$684$501
26 years$2,070$1,559$1,157$849$616$444
27 years$1,972$1,467$1,075$777$556$394
28 years$1,881$1,382$999$712$501$350
29 years$1,797$1,304$930$653$453$311
30 years$1,718$1,232$866$599$409$277
31 years$1,645$1,164$807$550$370$246
32 years$1,576$1,102$753$506$335$219
33 years$1,511$1,043$703$465$303$195
34 years$1,451$989$657$428$274$174
35 years$1,394$938$614$394$248$155
36 years$1,340$890$575$363$225$138
37 years$1,290$845$538$334$204$123
38 years$1,242$803$504$308$185$109
39 years$1,197$764$472$284$168$98
40 years$1,154$727$442$262$152$87
41 years$1,113$692$415$242$138$78
42 years$1,075$659$389$223$125$69
43 years$1,038$628$365$206$114$62
44 years$1,003$599$343$190$103$55
45 years$969$571$322$176$94$49
46 years$938$544$302$162$85$44
47 years$907$520$284$150$77$39
48 years$878$496$267$138$70$35
49 years$851$474$251$128$64$31
50 years$824$452$236$118$58$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $844,000, adding $2,670 every year, while hoping to spend $25,516 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: 70/7/23 Blend
65$844,000$844,000$844,000$844,000
66$932,842$888,110$875,028$992,580
67$1,000,843$904,479$877,193$1,049,220
68$1,074,925$920,794$878,575$1,107,964
69$1,155,681$937,027$879,121$1,171,654
70$1,243,765$953,145$878,775$1,240,778
71$1,339,894$969,115$877,480$1,315,874
72$1,444,861$984,898$875,172$1,397,536
73$1,559,535$1,000,457$871,789$1,486,417
74$1,684,876$1,015,748$867,263$1,583,237
75$1,821,939$1,030,726$861,522$1,688,790
76$1,971,887$1,045,341$854,493$1,803,953
77$2,135,999$1,059,542$846,098$1,929,689
78$2,315,684$1,073,273$836,255$2,067,063
79$2,512,494$1,086,474$824,880$2,217,247
80$2,728,138$1,099,081$811,883$2,381,534
81$2,964,498$1,111,025$797,171$2,561,347
82$3,223,647$1,122,235$780,646$2,758,258
83$3,507,867$1,132,632$762,205$2,973,998
84$3,819,672$1,142,135$741,743$3,210,474
85$4,161,833$1,150,653$719,145$3,469,791
86$4,537,400$1,158,095$694,296$3,754,266
87$4,949,732$1,164,360$667,073$4,066,456
88$5,402,533$1,169,342$637,348$4,409,177
89$5,899,879$1,172,927$604,987$4,785,536
90$6,446,262$1,174,996$569,850$5,198,956
91$7,046,632$1,175,421$531,790$5,653,209
92$7,706,438$1,174,067$490,655$6,152,455
93$8,431,688$1,170,790$446,286$6,701,279
94$9,228,999$1,165,436$398,514$7,304,733
95$10,105,659$1,157,845$347,167$7,968,389
96$11,069,700$1,147,844$292,061$8,698,385
97$12,129,971$1,135,250$233,007$9,501,490
98$13,296,222$1,119,871$169,806$10,385,162
99$14,579,194$1,101,502$102,252$11,357,624
100$15,990,721$1,079,925$30,127$12,427,938