Can I retire at age 66 with 844,000?

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 $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%16.3%
1 years$69,697$69,076$68,470$67,879$67,302$65,568
2 years$34,503$33,861$33,238$32,634$32,048$30,314
3 years$22,774$22,128$21,507$20,909$20,333$18,651
4 years$16,910$16,267$15,652$15,064$14,502$12,885
5 years$13,393$12,753$12,146$11,570$11,024$9,478
6 years$11,049$10,414$9,816$9,253$8,723$7,249
7 years$9,375$8,746$8,157$7,607$7,094$5,692
8 years$8,120$7,497$6,918$6,382$5,885$4,554
9 years$7,145$6,527$5,958$5,436$4,956$3,695
10 years$6,365$5,753$5,195$4,686$4,223$3,030
11 years$5,728$5,122$4,573$4,078$3,632$2,506
12 years$5,197$4,597$4,059$3,577$3,147$2,086
13 years$4,748$4,154$3,626$3,158$2,744$1,746
14 years$4,363$3,776$3,258$2,803$2,406$1,468
15 years$4,030$3,450$2,942$2,500$2,118$1,238
16 years$3,739$3,165$2,667$2,238$1,872$1,048
17 years$3,483$2,915$2,427$2,011$1,660$889
18 years$3,255$2,693$2,215$1,813$1,476$755
19 years$3,051$2,496$2,028$1,638$1,316$643
20 years$2,868$2,320$1,861$1,483$1,175$548
21 years$2,703$2,161$1,712$1,346$1,052$468
22 years$2,553$2,017$1,578$1,224$943$400
23 years$2,416$1,886$1,457$1,115$846$342
24 years$2,291$1,767$1,347$1,017$760$293
25 years$2,176$1,659$1,248$929$684$251
26 years$2,070$1,559$1,157$849$616$215
27 years$1,972$1,467$1,075$777$556$184
28 years$1,881$1,382$999$712$501$158
29 years$1,797$1,304$930$653$453$136
30 years$1,718$1,232$866$599$409$116
31 years$1,645$1,164$807$550$370$100
32 years$1,576$1,102$753$506$335$86
33 years$1,511$1,043$703$465$303$74
34 years$1,451$989$657$428$274$63
35 years$1,394$938$614$394$248$54
36 years$1,340$890$575$363$225$47
37 years$1,290$845$538$334$204$40
38 years$1,242$803$504$308$185$35
39 years$1,197$764$472$284$168$30
40 years$1,154$727$442$262$152$26
41 years$1,113$692$415$242$138$22
42 years$1,075$659$389$223$125$19
43 years$1,038$628$365$206$114$16
44 years$1,003$599$343$190$103$14
45 years$969$571$322$176$94$12
46 years$938$544$302$162$85$10
47 years$907$520$284$150$77$9
48 years$878$496$267$138$70$8
49 years$851$474$251$128$64$7
50 years$824$452$236$118$58$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $844,000, adding $4,569 every year, while hoping to spend $26,643 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: 71/20/9 Blend
65$844,000$844,000$844,000$844,000
66$934,801$890,069$876,987$999,315
67$1,001,803$905,334$878,018$1,057,855
68$1,074,746$920,455$878,191$1,118,191
69$1,154,208$935,395$877,448$1,183,508
70$1,240,825$950,117$875,731$1,254,289
71$1,335,297$964,581$872,975$1,331,067
72$1,438,394$978,742$869,117$1,414,431
73$1,550,964$992,555$864,087$1,505,027
74$1,673,941$1,005,969$857,812$1,603,569
75$1,808,353$1,018,931$850,218$1,710,843
76$1,955,329$1,031,383$841,225$1,827,714
77$2,116,117$1,043,265$830,750$1,955,136
78$2,292,088$1,054,511$818,707$2,094,162
79$2,484,751$1,065,053$805,004$2,245,950
80$2,695,771$1,074,816$789,547$2,411,777
81$2,926,978$1,083,720$772,236$2,593,050
82$3,180,390$1,091,683$752,966$2,791,321
83$3,458,228$1,098,614$731,628$3,008,297
84$3,762,939$1,104,417$708,109$3,245,864
85$4,097,218$1,108,992$682,290$3,506,097
86$4,464,032$1,112,231$654,045$3,791,285
87$4,866,651$1,114,019$623,243$4,103,950
88$5,308,678$1,114,234$589,750$4,446,872
89$5,794,078$1,112,746$553,422$4,823,114
90$6,327,223$1,109,419$514,110$5,236,053
91$6,912,926$1,104,107$471,659$5,689,411
92$7,556,491$1,096,655$425,906$6,187,290
93$8,263,761$1,086,899$376,682$6,734,212
94$9,041,172$1,074,664$323,808$7,335,159
95$9,895,816$1,059,768$267,100$7,995,626
96$10,835,506$1,042,013$206,365$8,721,665
97$11,868,849$1,021,193$141,400$9,519,950
98$13,005,329$997,089$71,994$10,397,835
99$14,255,394$969,468$0$11,363,426
100$15,630,557$938,085$0$12,425,857