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%11.6%
1 years$69,697$69,076$68,470$67,879$67,302$66,850
2 years$34,503$33,861$33,238$32,634$32,048$31,592
3 years$22,774$22,128$21,507$20,909$20,333$19,887
4 years$16,910$16,267$15,652$15,064$14,502$14,069
5 years$13,393$12,753$12,146$11,570$11,024$10,607
6 years$11,049$10,414$9,816$9,253$8,723$8,321
7 years$9,375$8,746$8,157$7,607$7,094$6,708
8 years$8,120$7,497$6,918$6,382$5,885$5,515
9 years$7,145$6,527$5,958$5,436$4,956$4,602
10 years$6,365$5,753$5,195$4,686$4,223$3,884
11 years$5,728$5,122$4,573$4,078$3,632$3,308
12 years$5,197$4,597$4,059$3,577$3,147$2,838
13 years$4,748$4,154$3,626$3,158$2,744$2,450
14 years$4,363$3,776$3,258$2,803$2,406$2,125
15 years$4,030$3,450$2,942$2,500$2,118$1,852
16 years$3,739$3,165$2,667$2,238$1,872$1,619
17 years$3,483$2,915$2,427$2,011$1,660$1,420
18 years$3,255$2,693$2,215$1,813$1,476$1,249
19 years$3,051$2,496$2,028$1,638$1,316$1,100
20 years$2,868$2,320$1,861$1,483$1,175$972
21 years$2,703$2,161$1,712$1,346$1,052$860
22 years$2,553$2,017$1,578$1,224$943$761
23 years$2,416$1,886$1,457$1,115$846$675
24 years$2,291$1,767$1,347$1,017$760$600
25 years$2,176$1,659$1,248$929$684$533
26 years$2,070$1,559$1,157$849$616$474
27 years$1,972$1,467$1,075$777$556$422
28 years$1,881$1,382$999$712$501$376
29 years$1,797$1,304$930$653$453$335
30 years$1,718$1,232$866$599$409$299
31 years$1,645$1,164$807$550$370$267
32 years$1,576$1,102$753$506$335$238
33 years$1,511$1,043$703$465$303$213
34 years$1,451$989$657$428$274$190
35 years$1,394$938$614$394$248$170
36 years$1,340$890$575$363$225$152
37 years$1,290$845$538$334$204$136
38 years$1,242$803$504$308$185$122
39 years$1,197$764$472$284$168$109
40 years$1,154$727$442$262$152$97
41 years$1,113$692$415$242$138$87
42 years$1,075$659$389$223$125$78
43 years$1,038$628$365$206$114$70
44 years$1,003$599$343$190$103$62
45 years$969$571$322$176$94$56
46 years$938$544$302$162$85$50
47 years$907$520$284$150$77$45
48 years$878$496$267$138$70$40
49 years$851$474$251$128$64$36
50 years$824$452$236$118$58$32

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $844,000, adding $3,455 every year, while hoping to spend $33,857 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: 52/42/6 Blend
65$844,000$844,000$844,000$844,000
66$933,652$888,920$875,838$980,701
67$992,861$896,453$869,155$1,020,529
68$1,056,974$903,221$861,113$1,059,838
69$1,126,457$909,150$851,632$1,101,767
70$1,201,819$914,162$840,625$1,146,569
71$1,283,623$918,175$828,005$1,194,526
72$1,372,487$921,099$813,676$1,245,945
73$1,469,089$922,842$797,543$1,301,170
74$1,574,178$923,303$779,503$1,360,578
75$1,688,576$922,377$759,448$1,424,587
76$1,813,189$919,951$737,268$1,493,661
77$1,949,011$915,906$712,844$1,568,310
78$2,097,141$910,116$686,054$1,649,099
79$2,258,783$902,446$656,771$1,736,652
80$2,435,267$892,753$624,861$1,831,660
81$2,628,054$880,888$590,183$1,934,885
82$2,838,753$866,689$552,592$2,047,170
83$3,069,137$849,988$511,935$2,169,446
84$3,321,156$830,605$468,052$2,302,743
85$3,596,959$808,349$420,776$2,448,197
86$3,898,910$783,019$369,934$2,607,065
87$4,229,615$754,403$315,343$2,780,734
88$4,591,941$722,275$256,812$2,970,736
89$4,989,049$686,396$194,145$3,178,766
90$5,424,416$646,514$127,133$3,406,692
91$5,901,875$602,362$55,561$3,656,580
92$6,425,647$553,657$0$3,930,709
93$7,000,379$500,103$0$4,232,931
94$7,631,192$441,382$0$4,568,576
95$8,323,726$377,163$0$4,937,168
96$9,084,195$307,092$0$5,342,112
97$9,919,443$230,799$0$5,787,167
98$10,837,008$147,891$0$6,276,480
99$11,845,197$57,952$0$6,814,628
100$12,953,160$0$0$7,406,661