Can I retire at age 66 with 849,000?

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 $849,000?

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$70,110$69,485$68,876$68,281$67,700$65,586
2 years$34,708$34,061$33,435$32,827$32,238$30,127
3 years$22,909$22,259$21,635$21,033$20,453$18,411
4 years$17,010$16,363$15,744$15,153$14,587$12,630
5 years$13,472$12,829$12,218$11,639$11,089$9,222
6 years$11,114$10,476$9,874$9,308$8,774$6,999
7 years$9,431$8,797$8,206$7,652$7,136$5,452
8 years$8,168$7,541$6,959$6,419$5,920$4,327
9 years$7,187$6,566$5,994$5,468$4,985$3,481
10 years$6,403$5,787$5,225$4,713$4,248$2,830
11 years$5,761$5,152$4,600$4,102$3,653$2,319
12 years$5,227$4,624$4,083$3,598$3,166$1,913
13 years$4,776$4,179$3,648$3,177$2,761$1,586
14 years$4,389$3,799$3,277$2,820$2,420$1,320
15 years$4,054$3,470$2,959$2,515$2,131$1,103
16 years$3,761$3,184$2,683$2,252$1,883$924
17 years$3,503$2,932$2,441$2,023$1,670$776
18 years$3,274$2,709$2,229$1,823$1,485$652
19 years$3,070$2,511$2,040$1,647$1,323$550
20 years$2,885$2,333$1,872$1,492$1,182$464
21 years$2,719$2,174$1,722$1,354$1,058$392
22 years$2,568$2,029$1,587$1,231$948$331
23 years$2,431$1,898$1,466$1,121$851$280
24 years$2,305$1,778$1,355$1,023$765$237
25 years$2,189$1,668$1,255$934$688$201
26 years$2,082$1,568$1,164$854$620$170
27 years$1,984$1,476$1,081$782$559$144
28 years$1,892$1,391$1,005$716$504$122
29 years$1,807$1,312$935$657$455$104
30 years$1,728$1,239$871$603$412$88
31 years$1,654$1,171$812$554$372$75
32 years$1,585$1,108$758$509$337$63
33 years$1,520$1,049$708$468$305$54
34 years$1,460$995$661$430$276$46
35 years$1,402$943$618$396$250$39
36 years$1,348$895$578$365$226$33
37 years$1,298$850$541$336$205$28
38 years$1,249$808$507$310$186$24
39 years$1,204$769$475$286$169$20
40 years$1,161$731$445$264$153$17
41 years$1,120$696$417$243$139$15
42 years$1,081$663$391$224$126$12
43 years$1,044$632$367$207$114$11
44 years$1,009$602$345$191$104$9
45 years$975$574$324$177$94$8
46 years$943$548$304$163$86$6
47 years$913$523$286$151$78$5
48 years$884$499$268$139$71$5
49 years$856$476$252$129$64$4
50 years$829$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 $849,000, adding $6,981 every year, while hoping to spend $56,952 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: 36/50/14 Blend
65$849,000$849,000$849,000$849,000
66$942,799$897,802$884,642$972,449
67$978,368$881,198$853,681$977,839
68$1,015,656$861,871$819,774$977,715
69$1,054,779$839,629$782,763$976,345
70$1,095,861$814,265$742,480$973,645
71$1,139,039$785,564$698,753$969,532
72$1,184,460$753,296$651,400$963,918
73$1,232,285$717,218$600,233$956,711
74$1,282,689$677,072$545,051$947,818
75$1,335,863$632,588$485,650$937,143
76$1,392,014$583,478$421,812$924,586
77$1,451,369$529,438$353,312$910,044
78$1,514,175$470,147$279,915$893,414
79$1,580,703$405,266$201,374$874,590
80$1,651,247$334,437$117,433$853,463
81$1,726,130$257,280$27,822$829,925
82$1,805,704$173,396$0$803,864
83$1,890,356$82,362$0$785,300
84$1,980,507$0$0$769,086
85$2,076,619$0$0$759,949
86$2,179,199$0$0$798,632
87$2,288,801$0$0$840,038
88$2,406,033$0$0$884,405
89$2,531,562$0$0$931,996
90$2,666,118$0$0$983,099
91$2,810,504$0$0$1,038,030
92$2,965,599$0$0$1,097,135
93$3,132,369$0$0$1,160,796
94$3,311,874$0$0$1,229,430
95$3,505,279$0$0$1,303,497
96$3,713,863$0$0$1,383,502
97$3,939,030$0$0$1,470,000
98$4,182,324$0$0$1,563,599
99$4,445,441$0$0$1,664,972
100$4,730,247$0$0$1,774,853