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%15.5%
1 years$70,027$69,403$68,795$68,201$67,621$66,093
2 years$34,667$34,021$33,395$32,789$32,200$30,670
3 years$22,882$22,233$21,609$21,008$20,429$18,943
4 years$16,990$16,344$15,726$15,135$14,570$13,140
5 years$13,456$12,814$12,204$11,625$11,076$9,706
6 years$11,101$10,463$9,863$9,297$8,764$7,456
7 years$9,419$8,787$8,196$7,643$7,128$5,881
8 years$8,159$7,532$6,951$6,412$5,913$4,727
9 years$7,179$6,558$5,987$5,461$4,980$3,854
10 years$6,395$5,781$5,219$4,708$4,243$3,177
11 years$5,755$5,146$4,595$4,097$3,649$2,640
12 years$5,221$4,619$4,078$3,594$3,162$2,210
13 years$4,770$4,174$3,643$3,173$2,757$1,859
14 years$4,384$3,794$3,274$2,816$2,417$1,572
15 years$4,049$3,466$2,956$2,512$2,128$1,333
16 years$3,757$3,180$2,680$2,249$1,881$1,134
17 years$3,499$2,929$2,438$2,021$1,668$968
18 years$3,270$2,706$2,226$1,821$1,483$827
19 years$3,066$2,508$2,038$1,646$1,322$709
20 years$2,882$2,331$1,870$1,490$1,181$608
21 years$2,716$2,171$1,720$1,353$1,057$522
22 years$2,565$2,026$1,585$1,230$947$449
23 years$2,428$1,895$1,464$1,120$850$387
24 years$2,302$1,776$1,354$1,022$764$333
25 years$2,186$1,667$1,254$933$688$287
26 years$2,080$1,566$1,163$853$619$248
27 years$1,981$1,474$1,080$781$558$214
28 years$1,890$1,389$1,004$715$504$184
29 years$1,805$1,310$934$656$455$159
30 years$1,726$1,237$870$602$411$138
31 years$1,652$1,170$811$553$372$119
32 years$1,583$1,107$757$508$336$103
33 years$1,519$1,048$707$467$304$89
34 years$1,458$993$660$430$275$77
35 years$1,401$942$617$396$250$67
36 years$1,347$894$578$365$226$58
37 years$1,296$849$541$336$205$50
38 years$1,248$807$506$310$186$43
39 years$1,202$768$474$285$168$37
40 years$1,159$730$445$263$153$32
41 years$1,118$695$417$243$139$28
42 years$1,080$662$391$224$126$24
43 years$1,043$631$367$207$114$21
44 years$1,008$601$344$191$104$18
45 years$974$573$323$176$94$16
46 years$942$547$304$163$85$14
47 years$912$522$285$151$78$12
48 years$882$498$268$139$70$10
49 years$855$476$252$129$64$9
50 years$828$455$237$119$58$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $848,000, adding $6,044 every year, while hoping to spend $42,582 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: 47/48/5 Blend
65$848,000$848,000$848,000$848,000
66$940,730$895,786$882,642$983,443
67$991,378$894,373$866,904$1,011,920
68$1,045,764$891,463$849,211$1,037,814
69$1,104,226$886,939$829,454$1,064,902
70$1,167,133$880,674$807,516$1,093,307
71$1,234,889$872,536$783,276$1,123,165
72$1,307,941$862,384$756,609$1,154,629
73$1,386,778$850,067$727,382$1,187,872
74$1,471,937$835,428$695,457$1,223,084
75$1,564,009$818,298$660,690$1,260,480
76$1,663,643$798,500$622,928$1,300,298
77$1,771,553$775,846$582,015$1,342,806
78$1,888,524$750,135$537,785$1,388,301
79$2,015,419$721,157$490,066$1,437,115
80$2,153,187$688,688$438,678$1,489,617
81$2,302,870$652,492$383,432$1,546,221
82$2,465,619$612,320$324,133$1,607,384
83$2,642,695$567,907$260,574$1,673,617
84$2,835,488$518,973$192,542$1,745,490
85$3,045,529$465,223$119,814$1,823,633
86$3,274,500$406,346$42,154$1,908,749
87$3,524,253$342,011$0$2,001,620
88$3,796,827$271,870$0$2,105,285
89$4,094,466$195,554$0$2,221,077
90$4,419,641$112,676$0$2,347,828
91$4,775,071$22,824$0$2,486,739
92$5,163,751$0$0$2,639,145
93$5,588,977$0$0$2,845,837
94$6,054,380$0$0$3,085,347
95$6,563,957$0$0$3,347,688
96$7,122,109$0$0$3,635,138
97$7,733,685$0$0$3,950,206
98$8,404,023$0$0$4,295,657
99$9,139,003$0$0$4,674,533
100$9,945,101$0$0$5,090,187