Can I retire at age 66 with 852,000?

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 $852,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$70,357$69,731$69,119$68,522$67,940$67,230
2 years$34,830$34,182$33,553$32,943$32,352$31,638
3 years$22,990$22,338$21,711$21,107$20,526$19,828
4 years$17,070$16,421$15,800$15,207$14,639$13,964
5 years$13,520$12,874$12,262$11,680$11,128$10,478
6 years$11,153$10,513$9,909$9,341$8,805$8,181
7 years$9,464$8,829$8,235$7,679$7,161$6,562
8 years$8,197$7,568$6,984$6,442$5,941$5,367
9 years$7,213$6,589$6,015$5,487$5,003$4,455
10 years$6,425$5,808$5,244$4,730$4,263$3,739
11 years$5,782$5,170$4,617$4,117$3,666$3,167
12 years$5,246$4,641$4,097$3,611$3,177$2,702
13 years$4,793$4,194$3,661$3,188$2,770$2,319
14 years$4,405$3,812$3,289$2,830$2,429$2,000
15 years$4,068$3,482$2,970$2,524$2,138$1,732
16 years$3,775$3,195$2,692$2,260$1,890$1,505
17 years$3,516$2,943$2,450$2,030$1,676$1,312
18 years$3,286$2,719$2,236$1,830$1,490$1,146
19 years$3,080$2,520$2,047$1,653$1,328$1,004
20 years$2,896$2,342$1,879$1,497$1,186$880
21 years$2,729$2,181$1,728$1,359$1,062$774
22 years$2,577$2,036$1,593$1,236$951$681
23 years$2,439$1,904$1,471$1,125$854$600
24 years$2,313$1,784$1,360$1,026$768$529
25 years$2,197$1,674$1,260$937$691$467
26 years$2,090$1,574$1,168$857$622$412
27 years$1,991$1,481$1,085$784$561$365
28 years$1,899$1,396$1,009$719$506$323
29 years$1,814$1,317$939$659$457$285
30 years$1,734$1,243$874$605$413$253
31 years$1,660$1,175$815$556$373$224
32 years$1,591$1,112$760$511$338$198
33 years$1,526$1,053$710$469$306$176
34 years$1,465$998$663$432$277$156
35 years$1,407$947$620$398$251$138
36 years$1,353$899$580$366$227$123
37 years$1,302$853$543$337$206$109
38 years$1,254$811$509$311$187$97
39 years$1,208$771$476$287$169$86
40 years$1,165$734$447$265$154$76
41 years$1,124$699$419$244$139$68
42 years$1,085$665$393$225$126$60
43 years$1,048$634$369$208$115$53
44 years$1,012$604$346$192$104$47
45 years$979$576$325$177$95$42
46 years$947$550$305$164$86$37
47 years$916$525$287$151$78$33
48 years$887$501$269$140$71$30
49 years$859$478$253$129$64$26
50 years$832$457$238$119$58$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $852,000, adding $4,867 every year, while hoping to spend $58,033 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: 39/35/26 Blend
65$852,000$852,000$852,000$852,000
66$943,924$898,768$885,562$973,292
67$978,458$881,061$853,482$977,395
68$1,014,569$860,542$818,382$976,077
69$1,052,357$837,010$780,100$973,523
70$1,091,930$810,256$738,466$969,657
71$1,133,405$780,057$693,302$964,398
72$1,176,908$746,175$644,424$957,666
73$1,222,577$708,363$591,637$949,375
74$1,270,562$666,354$534,738$939,439
75$1,321,024$619,871$473,517$927,769
76$1,374,141$568,617$407,753$914,271
77$1,430,105$512,280$337,213$898,854
78$1,489,125$450,531$261,659$881,420
79$1,551,429$383,020$180,838$861,872
80$1,617,266$309,380$94,487$840,112
81$1,686,907$229,219$2,333$816,040
82$1,760,649$142,129$0$789,556
83$1,838,816$47,674$0$787,194
84$1,921,761$0$0$784,642
85$2,009,871$0$0$802,270
86$2,103,569$0$0$840,602
87$2,203,319$0$0$881,473
88$2,309,626$0$0$925,099
89$2,423,045$0$0$971,717
90$2,544,186$0$0$1,021,587
91$2,673,713$0$0$1,074,991
92$2,812,358$0$0$1,132,243
93$2,960,921$0$0$1,193,685
94$3,120,281$0$0$1,259,691
95$3,291,403$0$0$1,330,673
96$3,475,344$0$0$1,407,084
97$3,673,265$0$0$1,489,420
98$3,886,443$0$0$1,578,228
99$4,116,278$0$0$1,674,105
100$4,364,308$0$0$1,777,712