Can I retire at age 66 with 848,000?

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 $848,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.7%
1 years$70,027$69,403$68,795$68,201$67,621$65,509
2 years$34,667$34,021$33,395$32,789$32,200$30,091
3 years$22,882$22,233$21,609$21,008$20,429$18,389
4 years$16,990$16,344$15,726$15,135$14,570$12,615
5 years$13,456$12,814$12,204$11,625$11,076$9,211
6 years$11,101$10,463$9,863$9,297$8,764$6,991
7 years$9,419$8,787$8,196$7,643$7,128$5,446
8 years$8,159$7,532$6,951$6,412$5,913$4,322
9 years$7,179$6,558$5,987$5,461$4,980$3,477
10 years$6,395$5,781$5,219$4,708$4,243$2,826
11 years$5,755$5,146$4,595$4,097$3,649$2,317
12 years$5,221$4,619$4,078$3,594$3,162$1,911
13 years$4,770$4,174$3,643$3,173$2,757$1,584
14 years$4,384$3,794$3,274$2,816$2,417$1,319
15 years$4,049$3,466$2,956$2,512$2,128$1,102
16 years$3,757$3,180$2,680$2,249$1,881$923
17 years$3,499$2,929$2,438$2,021$1,668$775
18 years$3,270$2,706$2,226$1,821$1,483$652
19 years$3,066$2,508$2,038$1,646$1,322$549
20 years$2,882$2,331$1,870$1,490$1,181$463
21 years$2,716$2,171$1,720$1,353$1,057$391
22 years$2,565$2,026$1,585$1,230$947$331
23 years$2,428$1,895$1,464$1,120$850$280
24 years$2,302$1,776$1,354$1,022$764$237
25 years$2,186$1,667$1,254$933$688$201
26 years$2,080$1,566$1,163$853$619$170
27 years$1,981$1,474$1,080$781$558$144
28 years$1,890$1,389$1,004$715$504$122
29 years$1,805$1,310$934$656$455$104
30 years$1,726$1,237$870$602$411$88
31 years$1,652$1,170$811$553$372$75
32 years$1,583$1,107$757$508$336$63
33 years$1,519$1,048$707$467$304$54
34 years$1,458$993$660$430$275$46
35 years$1,401$942$617$396$250$39
36 years$1,347$894$578$365$226$33
37 years$1,296$849$541$336$205$28
38 years$1,248$807$506$310$186$24
39 years$1,202$768$474$285$168$20
40 years$1,159$730$445$263$153$17
41 years$1,118$695$417$243$139$15
42 years$1,080$662$391$224$126$12
43 years$1,043$631$367$207$114$11
44 years$1,008$601$344$191$104$9
45 years$974$573$323$176$94$8
46 years$942$547$304$163$85$6
47 years$912$522$285$151$78$5
48 years$882$498$268$139$70$5
49 years$855$476$252$129$64$4
50 years$828$455$237$119$58$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $848,000, adding $2,445 every year, while hoping to spend $30,540 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: 42/34/24 Blend
65$848,000$848,000$848,000$848,000
66$937,018$892,074$878,930$969,696
67$1,000,100$903,291$875,880$1,004,502
68$1,068,592$914,035$871,704$1,039,068
69$1,143,014$924,249$866,332$1,075,896
70$1,223,939$933,874$859,692$1,115,210
71$1,311,995$942,848$851,705$1,157,261
72$1,407,873$951,102$842,292$1,202,325
73$1,512,336$958,566$831,369$1,250,708
74$1,626,221$965,163$818,847$1,302,749
75$1,750,451$970,811$804,633$1,358,822
76$1,886,040$975,424$788,632$1,419,343
77$2,034,107$978,910$770,741$1,484,771
78$2,195,880$981,171$750,855$1,555,615
79$2,372,715$982,103$728,864$1,632,436
80$2,566,101$981,596$704,650$1,715,856
81$2,777,681$979,532$678,094$1,806,564
82$3,009,262$975,787$649,068$1,905,320
83$3,262,835$970,228$617,439$2,012,966
84$3,540,591$962,716$583,070$2,130,432
85$3,844,943$953,101$545,815$2,258,746
86$4,178,551$941,227$505,524$2,399,045
87$4,544,342$926,925$462,037$2,552,585
88$4,945,540$910,020$415,191$2,720,754
89$5,385,697$890,322$364,811$2,905,088
90$5,868,725$867,635$310,719$3,107,281
91$6,398,932$841,747$252,726$3,329,206
92$6,981,067$812,436$190,636$3,572,931
93$7,620,356$779,466$124,243$3,840,743
94$8,322,561$742,588$53,333$4,135,165
95$9,094,026$701,538$0$4,458,984
96$9,941,740$656,038$0$4,821,000
97$10,873,406$605,792$0$5,233,837
98$11,897,506$550,489$0$5,687,639
99$13,023,387$489,798$0$6,186,613
100$14,261,347$423,373$0$6,735,400