Can I retire at age 66 with 850,000?

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 $850,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$70,192$69,567$68,957$68,362$67,780$66,630
2 years$34,749$34,101$33,474$32,866$32,276$31,121
3 years$22,936$22,286$21,660$21,058$20,477$19,353
4 years$17,030$16,382$15,763$15,171$14,605$13,520
5 years$13,488$12,844$12,233$11,653$11,102$10,060
6 years$11,127$10,488$9,886$9,319$8,785$7,787
7 years$9,442$8,808$8,215$7,661$7,144$6,190
8 years$8,178$7,550$6,967$6,427$5,927$5,017
9 years$7,196$6,574$6,001$5,474$4,991$4,125
10 years$6,410$5,794$5,232$4,719$4,253$3,429
11 years$5,768$5,158$4,606$4,107$3,658$2,876
12 years$5,234$4,630$4,088$3,602$3,170$2,428
13 years$4,781$4,184$3,652$3,180$2,764$2,062
14 years$4,394$3,803$3,281$2,823$2,423$1,760
15 years$4,059$3,474$2,963$2,518$2,133$1,507
16 years$3,766$3,188$2,686$2,254$1,885$1,295
17 years$3,507$2,936$2,444$2,026$1,672$1,116
18 years$3,278$2,713$2,231$1,825$1,486$964
19 years$3,073$2,514$2,043$1,649$1,325$834
20 years$2,889$2,336$1,875$1,494$1,183$723
21 years$2,722$2,176$1,724$1,356$1,059$628
22 years$2,571$2,031$1,589$1,233$949$546
23 years$2,433$1,900$1,467$1,123$852$475
24 years$2,307$1,780$1,357$1,024$766$414
25 years$2,191$1,670$1,257$935$689$361
26 years$2,085$1,570$1,166$855$621$315
27 years$1,986$1,478$1,082$783$560$275
28 years$1,894$1,392$1,006$717$505$240
29 years$1,809$1,313$936$658$456$209
30 years$1,730$1,240$872$603$412$183
31 years$1,656$1,173$813$554$373$160
32 years$1,587$1,109$759$509$337$140
33 years$1,522$1,051$708$468$305$122
34 years$1,461$996$662$431$276$107
35 years$1,404$945$619$397$250$94
36 years$1,350$897$579$365$227$82
37 years$1,299$851$542$337$205$72
38 years$1,251$809$507$310$186$63
39 years$1,205$769$475$286$169$55
40 years$1,162$732$446$264$153$48
41 years$1,121$697$418$243$139$42
42 years$1,082$664$392$225$126$37
43 years$1,045$632$368$207$114$32
44 years$1,010$603$345$192$104$28
45 years$976$575$324$177$94$25
46 years$944$548$304$163$86$22
47 years$914$523$286$151$78$19
48 years$885$500$269$139$71$17
49 years$857$477$253$129$64$15
50 years$830$456$238$119$58$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $850,000, adding $3,239 every year, while hoping to spend $33,959 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: 48/23/29 Blend
65$850,000$850,000$850,000$850,000
66$940,041$894,991$881,816$977,238
67$999,793$902,713$875,225$1,011,493
68$1,064,502$909,676$867,275$1,045,098
69$1,134,637$915,806$857,884$1,080,944
70$1,210,714$921,025$846,968$1,119,258
71$1,293,303$925,251$834,437$1,160,295
72$1,383,027$928,395$820,197$1,204,336
73$1,480,573$930,365$804,152$1,251,694
74$1,586,699$931,060$786,198$1,302,712
75$1,702,235$930,375$766,229$1,357,775
76$1,828,097$928,197$744,132$1,417,305
77$1,965,293$924,409$719,790$1,481,771
78$2,114,931$918,882$693,080$1,551,694
79$2,278,230$911,484$663,875$1,627,647
80$2,456,535$902,072$632,041$1,710,266
81$2,651,324$890,496$597,436$1,800,256
82$2,864,224$876,595$559,915$1,898,395
83$3,097,027$860,201$519,325$2,005,545
84$3,351,707$841,134$475,506$2,122,657
85$3,630,436$819,205$428,290$2,250,787
86$3,935,607$794,211$377,503$2,391,097
87$4,269,853$765,942$322,964$2,544,876
88$4,636,075$734,171$264,481$2,713,548
89$5,037,470$698,660$201,856$2,898,685
90$5,477,555$659,157$134,881$3,102,026
91$5,960,205$615,396$63,340$3,325,491
92$6,489,691$567,095$0$3,571,203
93$7,070,712$513,956$0$3,845,531
94$7,708,449$455,663$0$4,168,219
95$8,408,605$391,885$0$4,522,581
96$9,177,464$322,269$0$4,911,858
97$10,021,950$246,445$0$5,339,620
98$10,949,687$164,019$0$5,809,806
99$11,969,077$74,577$0$6,326,759
100$13,089,374$0$0$6,895,267