Can I retire at age 66 with 851,000?

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 $851,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$70,275$69,649$69,038$68,442$67,860$67,489
2 years$34,789$34,142$33,514$32,905$32,314$31,940
3 years$22,963$22,312$21,686$21,082$20,501$20,135
4 years$17,050$16,402$15,782$15,189$14,622$14,267
5 years$13,504$12,859$12,247$11,666$11,115$10,772
6 years$11,140$10,500$9,897$9,330$8,795$8,465
7 years$9,453$8,818$8,225$7,670$7,153$6,835
8 years$8,188$7,559$6,975$6,435$5,934$5,629
9 years$7,204$6,581$6,008$5,481$4,997$4,705
10 years$6,418$5,801$5,238$4,725$4,258$3,978
11 years$5,775$5,164$4,611$4,112$3,662$3,394
12 years$5,240$4,635$4,092$3,607$3,173$2,918
13 years$4,787$4,189$3,656$3,184$2,767$2,524
14 years$4,399$3,808$3,285$2,826$2,426$2,194
15 years$4,064$3,478$2,966$2,521$2,136$1,915
16 years$3,770$3,191$2,689$2,257$1,888$1,678
17 years$3,512$2,939$2,447$2,028$1,674$1,475
18 years$3,282$2,716$2,234$1,828$1,488$1,299
19 years$3,077$2,517$2,045$1,651$1,326$1,148
20 years$2,892$2,339$1,877$1,496$1,185$1,016
21 years$2,726$2,179$1,726$1,357$1,060$900
22 years$2,574$2,034$1,591$1,234$950$799
23 years$2,436$1,902$1,469$1,124$853$711
24 years$2,310$1,782$1,359$1,025$767$632
25 years$2,194$1,672$1,258$936$690$563
26 years$2,087$1,572$1,167$856$622$503
27 years$1,988$1,479$1,084$784$560$448
28 years$1,897$1,394$1,007$718$506$401
29 years$1,812$1,315$938$658$457$358
30 years$1,732$1,242$873$604$413$320
31 years$1,658$1,174$814$555$373$286
32 years$1,589$1,111$760$510$337$256
33 years$1,524$1,052$709$469$305$230
34 years$1,463$997$663$431$276$206
35 years$1,406$946$620$397$250$184
36 years$1,352$898$580$366$227$165
37 years$1,301$852$542$337$206$148
38 years$1,252$810$508$311$186$133
39 years$1,207$770$476$286$169$119
40 years$1,163$733$446$264$153$107
41 years$1,122$698$418$244$139$96
42 years$1,083$664$392$225$126$86
43 years$1,046$633$368$208$115$77
44 years$1,011$603$346$192$104$69
45 years$977$575$325$177$94$62
46 years$945$549$305$164$86$56
47 years$915$524$286$151$78$50
48 years$886$500$269$140$71$45
49 years$858$478$253$129$64$40
50 years$831$456$238$119$58$36

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $851,000, adding $5,888 every year, while hoping to spend $42,874 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: 72/11/17 Blend
65$851,000$851,000$851,000$851,000
66$943,875$898,772$885,582$1,007,697
67$994,533$897,195$869,631$1,049,275
68$1,048,921$894,103$851,709$1,089,045
69$1,107,374$889,377$831,705$1,131,489
70$1,170,261$882,891$809,501$1,176,866
71$1,237,984$874,510$784,977$1,225,458
72$1,310,989$864,091$758,004$1,277,579
73$1,389,763$851,484$728,450$1,333,576
74$1,474,840$836,528$696,175$1,393,829
75$1,566,810$819,055$661,033$1,458,762
76$1,666,320$798,883$622,872$1,528,841
77$1,774,079$775,823$581,533$1,604,578
78$1,890,871$749,674$536,850$1,686,543
79$2,017,554$720,223$488,649$1,775,362
80$2,155,074$687,243$436,748$1,871,728
81$2,304,471$650,497$380,959$1,976,405
82$2,466,888$609,732$321,082$2,090,237
83$2,643,583$564,682$256,910$2,214,154
84$2,835,941$515,064$188,229$2,349,186
85$3,045,485$460,580$114,813$2,496,467
86$3,273,891$400,915$36,426$2,657,248
87$3,523,004$335,736$0$2,832,914
88$3,794,855$264,692$0$3,033,556
89$4,091,679$187,410$0$3,259,899
90$4,415,935$103,498$0$3,507,235
91$4,770,334$12,543$0$3,777,666
92$5,157,856$0$0$4,073,507
93$5,581,785$0$0$4,407,707
94$6,045,736$0$0$4,775,159
95$6,553,691$0$0$5,177,505
96$7,110,033$0$0$5,618,222
97$7,719,589$0$0$6,101,138
98$8,387,677$0$0$6,630,473
99$9,120,151$0$0$7,210,871
100$9,923,461$0$0$7,847,449