Can I retire at age 66 with 848,000?

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 $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%18.2%
1 years$70,027$69,403$68,795$68,201$67,621$65,378
2 years$34,667$34,021$33,395$32,789$32,200$29,962
3 years$22,882$22,233$21,609$21,008$20,429$18,266
4 years$16,990$16,344$15,726$15,135$14,570$12,499
5 years$13,456$12,814$12,204$11,625$11,076$9,102
6 years$11,101$10,463$9,863$9,297$8,764$6,889
7 years$9,419$8,787$8,196$7,643$7,128$5,351
8 years$8,159$7,532$6,951$6,412$5,913$4,234
9 years$7,179$6,558$5,987$5,461$4,980$3,396
10 years$6,395$5,781$5,219$4,708$4,243$2,752
11 years$5,755$5,146$4,595$4,097$3,649$2,248
12 years$5,221$4,619$4,078$3,594$3,162$1,848
13 years$4,770$4,174$3,643$3,173$2,757$1,527
14 years$4,384$3,794$3,274$2,816$2,417$1,267
15 years$4,049$3,466$2,956$2,512$2,128$1,055
16 years$3,757$3,180$2,680$2,249$1,881$880
17 years$3,499$2,929$2,438$2,021$1,668$736
18 years$3,270$2,706$2,226$1,821$1,483$617
19 years$3,066$2,508$2,038$1,646$1,322$518
20 years$2,882$2,331$1,870$1,490$1,181$435
21 years$2,716$2,171$1,720$1,353$1,057$366
22 years$2,565$2,026$1,585$1,230$947$308
23 years$2,428$1,895$1,464$1,120$850$260
24 years$2,302$1,776$1,354$1,022$764$219
25 years$2,186$1,667$1,254$933$688$185
26 years$2,080$1,566$1,163$853$619$156
27 years$1,981$1,474$1,080$781$558$132
28 years$1,890$1,389$1,004$715$504$111
29 years$1,805$1,310$934$656$455$94
30 years$1,726$1,237$870$602$411$79
31 years$1,652$1,170$811$553$372$67
32 years$1,583$1,107$757$508$336$57
33 years$1,519$1,048$707$467$304$48
34 years$1,458$993$660$430$275$41
35 years$1,401$942$617$396$250$34
36 years$1,347$894$578$365$226$29
37 years$1,296$849$541$336$205$25
38 years$1,248$807$506$310$186$21
39 years$1,202$768$474$285$168$18
40 years$1,159$730$445$263$153$15
41 years$1,118$695$417$243$139$13
42 years$1,080$662$391$224$126$11
43 years$1,043$631$367$207$114$9
44 years$1,008$601$344$191$104$8
45 years$974$573$323$176$94$6
46 years$942$547$304$163$85$5
47 years$912$522$285$151$78$5
48 years$882$498$268$139$70$4
49 years$855$476$252$129$64$3
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 $3,674 every year, while hoping to spend $22,869 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: 52/37/11 Blend
65$848,000$848,000$848,000$848,000
66$938,286$893,342$880,198$984,190
67$1,009,658$912,783$885,352$1,035,326
68$1,087,545$932,410$889,912$1,088,152
69$1,172,585$952,209$893,835$1,145,072
70$1,265,483$972,162$897,073$1,206,481
71$1,367,016$992,252$899,579$1,272,808
72$1,478,038$1,012,458$901,301$1,344,532
73$1,599,489$1,032,760$902,185$1,422,175
74$1,732,405$1,053,133$902,176$1,506,317
75$1,877,925$1,073,552$901,215$1,597,593
76$2,037,307$1,093,989$899,239$1,696,706
77$2,211,932$1,114,414$896,183$1,804,429
78$2,403,324$1,134,795$891,980$1,921,615
79$2,613,159$1,155,097$886,558$2,049,204
80$2,843,286$1,175,281$879,842$2,188,229
81$3,095,739$1,195,307$871,754$2,339,834
82$3,372,758$1,215,132$862,212$2,505,275
83$3,676,814$1,234,707$851,130$2,685,940
84$4,010,623$1,253,982$838,418$2,883,357
85$4,377,183$1,272,904$823,981$3,099,211
86$4,779,793$1,291,413$807,721$3,335,358
87$5,222,086$1,309,447$789,535$3,593,845
88$5,708,069$1,326,940$769,314$3,876,930
89$6,242,152$1,343,819$746,946$4,187,099
90$6,829,195$1,360,010$722,312$4,527,095
91$7,474,552$1,375,430$695,288$4,899,940
92$8,184,121$1,389,991$665,746$5,308,967
93$8,964,403$1,403,602$633,550$5,757,846
94$9,822,557$1,416,163$598,558$6,250,629
95$10,766,472$1,427,569$560,624$6,791,776
96$11,804,839$1,437,707$519,592$7,386,209
97$12,947,236$1,446,458$475,302$8,039,351
98$14,204,214$1,453,694$427,584$8,757,179
99$15,587,399$1,459,281$376,263$9,546,283
100$17,109,601$1,463,073$321,155$10,413,927