Can I retire at age 66 with 845,000?

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 $845,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.8%
1 years$69,779$69,158$68,551$67,959$67,381$65,251
2 years$34,544$33,901$33,277$32,673$32,086$29,959
3 years$22,801$22,155$21,533$20,934$20,357$18,300
4 years$16,930$16,286$15,670$15,082$14,519$12,547
5 years$13,409$12,768$12,161$11,584$11,037$9,157
6 years$11,062$10,426$9,828$9,264$8,733$6,946
7 years$9,386$8,756$8,167$7,616$7,102$5,408
8 years$8,130$7,506$6,926$6,389$5,892$4,289
9 years$7,153$6,535$5,965$5,442$4,962$3,448
10 years$6,373$5,760$5,201$4,691$4,228$2,802
11 years$5,734$5,128$4,579$4,083$3,636$2,295
12 years$5,203$4,603$4,064$3,581$3,151$1,891
13 years$4,753$4,159$3,630$3,162$2,748$1,567
14 years$4,368$3,781$3,262$2,807$2,409$1,304
15 years$4,035$3,454$2,945$2,503$2,121$1,088
16 years$3,744$3,169$2,670$2,241$1,874$911
17 years$3,487$2,918$2,430$2,014$1,662$764
18 years$3,259$2,697$2,218$1,815$1,478$642
19 years$3,055$2,499$2,031$1,640$1,317$541
20 years$2,872$2,322$1,864$1,485$1,176$456
21 years$2,706$2,163$1,714$1,348$1,053$385
22 years$2,556$2,019$1,580$1,225$944$325
23 years$2,419$1,889$1,459$1,116$847$275
24 years$2,294$1,770$1,349$1,018$761$232
25 years$2,179$1,661$1,249$930$685$197
26 years$2,072$1,561$1,159$850$617$166
27 years$1,974$1,469$1,076$778$556$141
28 years$1,883$1,384$1,000$713$502$120
29 years$1,799$1,306$931$654$453$101
30 years$1,720$1,233$867$600$410$86
31 years$1,647$1,166$808$551$370$73
32 years$1,578$1,103$754$506$335$62
33 years$1,513$1,045$704$466$303$52
34 years$1,453$990$658$428$274$44
35 years$1,396$939$615$394$249$38
36 years$1,342$891$575$363$225$32
37 years$1,291$846$539$335$204$27
38 years$1,244$804$504$308$185$23
39 years$1,198$765$473$284$168$20
40 years$1,155$728$443$262$152$17
41 years$1,115$693$415$242$138$14
42 years$1,076$660$390$223$125$12
43 years$1,039$629$366$206$114$10
44 years$1,004$599$343$190$103$9
45 years$971$571$322$176$94$7
46 years$939$545$303$162$85$6
47 years$908$520$284$150$77$5
48 years$879$497$267$139$70$4
49 years$852$474$251$128$64$4
50 years$825$453$236$118$58$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $845,000, adding $5,216 every year, while hoping to spend $45,644 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: 49/43/8 Blend
65$845,000$845,000$845,000$845,000
66$936,570$891,785$878,688$980,240
67$983,536$886,918$859,559$1,005,801
68$1,033,762$880,282$838,260$1,028,280
69$1,087,533$871,743$814,669$1,051,630
70$1,145,161$861,159$788,660$1,075,943
71$1,206,988$848,376$760,100$1,101,325
72$1,273,389$833,235$728,853$1,127,895
73$1,344,778$815,566$694,772$1,155,787
74$1,421,605$795,189$657,706$1,185,152
75$1,504,367$771,912$617,499$1,216,159
76$1,593,611$745,534$573,983$1,248,997
77$1,689,936$715,842$526,988$1,283,880
78$1,793,999$682,608$476,332$1,321,047
79$1,906,526$645,594$421,828$1,360,766
80$2,028,310$604,547$363,278$1,403,334
81$2,160,227$559,199$300,477$1,449,088
82$2,303,238$509,268$233,210$1,498,401
83$2,458,400$454,454$161,255$1,551,691
84$2,626,876$394,441$84,376$1,609,424
85$2,809,944$328,896$2,330$1,672,119
86$3,009,013$257,465$0$1,740,357
87$3,225,628$179,777$0$1,822,058
88$3,461,493$95,438$0$1,911,353
89$3,718,483$4,032$0$2,008,865
90$3,998,659$0$0$2,115,511
91$4,304,291$0$0$2,277,203
92$4,637,877$0$0$2,455,851
93$5,002,167$0$0$2,651,032
94$5,400,188$0$0$2,864,380
95$5,835,274$0$0$3,097,691
96$6,311,092$0$0$3,352,947
97$6,831,684$0$0$3,632,326
98$7,401,496$0$0$3,938,229
99$8,025,429$0$0$4,273,299
100$8,708,876$0$0$4,640,448