Can I retire at age 66 with 850,000?

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 $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%19.4%
1 years$70,192$69,567$68,957$68,362$67,780$65,220
2 years$34,749$34,101$33,474$32,866$32,276$29,726
3 years$22,936$22,286$21,660$21,058$20,477$18,018
4 years$17,030$16,382$15,763$15,171$14,605$12,255
5 years$13,488$12,844$12,233$11,653$11,102$8,868
6 years$11,127$10,488$9,886$9,319$8,785$6,668
7 years$9,442$8,808$8,215$7,661$7,144$5,144
8 years$8,178$7,550$6,967$6,427$5,927$4,041
9 years$7,196$6,574$6,001$5,474$4,991$3,218
10 years$6,410$5,794$5,232$4,719$4,253$2,588
11 years$5,768$5,158$4,606$4,107$3,658$2,098
12 years$5,234$4,630$4,088$3,602$3,170$1,711
13 years$4,781$4,184$3,652$3,180$2,764$1,402
14 years$4,394$3,803$3,281$2,823$2,423$1,153
15 years$4,059$3,474$2,963$2,518$2,133$952
16 years$3,766$3,188$2,686$2,254$1,885$788
17 years$3,507$2,936$2,444$2,026$1,672$653
18 years$3,278$2,713$2,231$1,825$1,486$542
19 years$3,073$2,514$2,043$1,649$1,325$451
20 years$2,889$2,336$1,875$1,494$1,183$376
21 years$2,722$2,176$1,724$1,356$1,059$313
22 years$2,571$2,031$1,589$1,233$949$261
23 years$2,433$1,900$1,467$1,123$852$218
24 years$2,307$1,780$1,357$1,024$766$182
25 years$2,191$1,670$1,257$935$689$152
26 years$2,085$1,570$1,166$855$621$127
27 years$1,986$1,478$1,082$783$560$106
28 years$1,894$1,392$1,006$717$505$89
29 years$1,809$1,313$936$658$456$74
30 years$1,730$1,240$872$603$412$62
31 years$1,656$1,173$813$554$373$52
32 years$1,587$1,109$759$509$337$44
33 years$1,522$1,051$708$468$305$36
34 years$1,461$996$662$431$276$31
35 years$1,404$945$619$397$250$26
36 years$1,350$897$579$365$227$21
37 years$1,299$851$542$337$205$18
38 years$1,251$809$507$310$186$15
39 years$1,205$769$475$286$169$13
40 years$1,162$732$446$264$153$11
41 years$1,121$697$418$243$139$9
42 years$1,082$664$392$225$126$7
43 years$1,045$632$368$207$114$6
44 years$1,010$603$345$192$104$5
45 years$976$575$324$177$94$4
46 years$944$548$304$163$86$4
47 years$914$523$286$151$78$3
48 years$885$500$269$139$71$3
49 years$857$477$253$129$64$2
50 years$830$456$238$119$58$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $850,000, adding $5,333 every year, while hoping to spend $55,478 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: 34/41/25 Blend
65$850,000$850,000$850,000$850,000
66$942,201$897,151$883,976$966,929
67$979,277$882,083$854,561$970,815
68$1,018,276$864,418$822,301$969,612
69$1,059,335$843,969$787,043$967,212
70$1,102,603$820,539$748,625$963,546
71$1,148,244$793,921$706,879$958,541
72$1,196,435$763,894$661,630$952,125
73$1,247,371$730,224$612,694$944,221
74$1,301,262$692,664$559,879$934,755
75$1,358,340$650,954$502,984$923,647
76$1,418,857$604,817$441,800$910,821
77$1,483,089$553,961$376,109$896,197
78$1,551,337$498,078$305,681$879,696
79$1,623,930$436,841$230,279$861,241
80$1,701,231$369,906$149,653$840,755
81$1,783,633$296,908$63,543$818,161
82$1,871,570$217,463$0$793,386
83$1,965,516$131,165$0$773,924
84$2,065,990$37,584$0$770,725
85$2,173,563$0$0$766,840
86$2,288,858$0$0$791,050
87$2,412,562$0$0$835,304
88$2,545,426$0$0$882,923
89$2,688,275$0$0$934,216
90$2,842,017$0$0$989,519
91$3,007,646$0$0$1,049,204
92$3,186,254$0$0$1,113,678
93$3,379,044$0$0$1,183,388
94$3,587,333$0$0$1,258,825
95$3,812,573$0$0$1,340,532
96$4,056,355$0$0$1,429,101
97$4,320,433$0$0$1,525,188
98$4,606,732$0$0$1,629,510
99$4,917,370$0$0$1,742,859
100$5,254,677$0$0$1,866,105