Can I retire at age 66 with 851,000?

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 $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%14.5%
1 years$70,275$69,649$69,038$68,442$67,860$66,599
2 years$34,789$34,142$33,514$32,905$32,314$31,048
3 years$22,963$22,312$21,686$21,082$20,501$19,270
4 years$17,050$16,402$15,782$15,189$14,622$13,435
5 years$13,504$12,859$12,247$11,666$11,115$9,976
6 years$11,140$10,500$9,897$9,330$8,795$7,705
7 years$9,453$8,818$8,225$7,670$7,153$6,111
8 years$8,188$7,559$6,975$6,435$5,934$4,942
9 years$7,204$6,581$6,008$5,481$4,997$4,053
10 years$6,418$5,801$5,238$4,725$4,258$3,361
11 years$5,775$5,164$4,611$4,112$3,662$2,812
12 years$5,240$4,635$4,092$3,607$3,173$2,368
13 years$4,787$4,189$3,656$3,184$2,767$2,006
14 years$4,399$3,808$3,285$2,826$2,426$1,707
15 years$4,064$3,478$2,966$2,521$2,136$1,458
16 years$3,770$3,191$2,689$2,257$1,888$1,250
17 years$3,512$2,939$2,447$2,028$1,674$1,074
18 years$3,282$2,716$2,234$1,828$1,488$925
19 years$3,077$2,517$2,045$1,651$1,326$798
20 years$2,892$2,339$1,877$1,496$1,185$690
21 years$2,726$2,179$1,726$1,357$1,060$597
22 years$2,574$2,034$1,591$1,234$950$517
23 years$2,436$1,902$1,469$1,124$853$449
24 years$2,310$1,782$1,359$1,025$767$390
25 years$2,194$1,672$1,258$936$690$339
26 years$2,087$1,572$1,167$856$622$294
27 years$1,988$1,479$1,084$784$560$256
28 years$1,897$1,394$1,007$718$506$223
29 years$1,812$1,315$938$658$457$194
30 years$1,732$1,242$873$604$413$169
31 years$1,658$1,174$814$555$373$147
32 years$1,589$1,111$760$510$337$128
33 years$1,524$1,052$709$469$305$112
34 years$1,463$997$663$431$276$98
35 years$1,406$946$620$397$250$85
36 years$1,352$898$580$366$227$74
37 years$1,301$852$542$337$206$65
38 years$1,252$810$508$311$186$57
39 years$1,207$770$476$286$169$49
40 years$1,163$733$446$264$153$43
41 years$1,122$698$418$244$139$38
42 years$1,083$664$392$225$126$33
43 years$1,046$633$368$208$115$29
44 years$1,011$603$346$192$104$25
45 years$977$575$325$177$94$22
46 years$945$549$305$164$86$19
47 years$915$524$286$151$78$17
48 years$886$500$269$140$71$15
49 years$858$478$253$129$64$13
50 years$831$456$238$119$58$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $851,000, adding $5,558 every year, while hoping to spend $20,859 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: 61/32/7 Blend
65$851,000$851,000$851,000$851,000
66$943,535$898,432$885,242$999,432
67$1,017,582$920,261$892,703$1,059,316
68$1,098,482$942,461$899,716$1,121,714
69$1,186,913$965,028$906,242$1,189,265
70$1,283,621$987,956$912,244$1,262,464
71$1,389,425$1,011,241$917,679$1,341,858
72$1,505,230$1,034,875$922,504$1,428,051
73$1,632,030$1,058,851$926,675$1,521,704
74$1,770,922$1,083,160$930,144$1,623,548
75$1,923,112$1,107,791$932,860$1,734,388
76$2,089,930$1,132,733$934,771$1,855,109
77$2,272,839$1,157,973$935,822$1,986,687
78$2,473,452$1,183,497$935,955$2,130,196
79$2,693,543$1,209,287$935,109$2,286,822
80$2,935,070$1,235,328$933,220$2,457,867
81$3,200,186$1,261,598$930,222$2,644,768
82$3,491,264$1,288,076$926,044$2,849,110
83$3,810,920$1,314,738$920,613$3,072,635
84$4,162,032$1,341,558$913,852$3,317,265
85$4,547,773$1,368,508$905,680$3,585,118
86$4,971,638$1,395,557$896,012$3,878,527
87$5,437,476$1,422,671$884,760$4,200,062
88$5,949,531$1,449,814$871,831$4,552,555
89$6,512,474$1,476,945$857,128$4,939,129
90$7,131,454$1,504,023$840,550$5,363,220
91$7,812,143$1,531,002$821,989$5,828,621
92$8,560,791$1,557,830$801,335$6,339,507
93$9,384,283$1,584,455$778,471$6,900,480
94$10,290,205$1,610,819$753,276$7,516,612
95$11,286,917$1,636,859$725,621$8,193,491
96$12,383,626$1,662,510$695,373$8,937,277
97$13,590,482$1,687,699$662,394$9,754,757
98$14,918,665$1,712,349$626,538$10,653,411
99$16,380,493$1,736,379$587,651$11,641,481
100$17,989,542$1,759,700$545,576$12,728,052