Can I retire at age 66 with 853,000?

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 $853,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.3%
1 years$70,440$69,813$69,200$68,603$68,019$66,001
2 years$34,871$34,222$33,592$32,982$32,390$30,373
3 years$23,017$22,364$21,737$21,132$20,550$18,597
4 years$17,090$16,440$15,819$15,224$14,656$12,784
5 years$13,536$12,889$12,276$11,694$11,141$9,354
6 years$11,167$10,525$9,921$9,352$8,816$7,115
7 years$9,475$8,839$8,244$7,688$7,170$5,555
8 years$8,207$7,577$6,992$6,450$5,948$4,419
9 years$7,221$6,597$6,022$5,494$5,009$3,564
10 years$6,433$5,815$5,250$4,736$4,268$2,904
11 years$5,789$5,177$4,622$4,121$3,671$2,386
12 years$5,252$4,646$4,102$3,615$3,181$1,974
13 years$4,798$4,199$3,665$3,192$2,774$1,641
14 years$4,410$3,817$3,293$2,833$2,431$1,370
15 years$4,073$3,487$2,973$2,527$2,141$1,147
16 years$3,779$3,199$2,696$2,262$1,892$964
17 years$3,520$2,946$2,453$2,033$1,678$812
18 years$3,290$2,722$2,239$1,832$1,492$685
19 years$3,084$2,523$2,050$1,655$1,330$579
20 years$2,899$2,344$1,881$1,499$1,188$490
21 years$2,732$2,184$1,730$1,361$1,063$415
22 years$2,580$2,038$1,595$1,237$953$352
23 years$2,442$1,907$1,472$1,127$855$299
24 years$2,315$1,786$1,362$1,028$769$254
25 years$2,199$1,676$1,261$938$692$215
26 years$2,092$1,575$1,170$858$623$183
27 years$1,993$1,483$1,086$785$562$156
28 years$1,901$1,397$1,010$720$507$133
29 years$1,816$1,318$940$660$458$113
30 years$1,736$1,245$875$606$414$96
31 years$1,662$1,177$816$556$374$82
32 years$1,593$1,113$761$511$338$70
33 years$1,528$1,054$711$470$306$59
34 years$1,466$999$664$432$277$51
35 years$1,409$948$621$398$251$43
36 years$1,355$900$581$367$227$37
37 years$1,304$854$544$338$206$31
38 years$1,255$812$509$311$187$27
39 years$1,210$772$477$287$169$23
40 years$1,166$735$447$265$154$19
41 years$1,125$699$419$244$139$16
42 years$1,086$666$393$225$127$14
43 years$1,049$635$369$208$115$12
44 years$1,013$605$346$192$104$10
45 years$980$577$325$177$95$9
46 years$948$550$306$164$86$7
47 years$917$525$287$151$78$6
48 years$888$501$270$140$71$5
49 years$860$479$254$129$64$5
50 years$833$457$238$120$58$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $853,000, adding $5,781 every year, while hoping to spend $55,550 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: 70/22/8 Blend
65$853,000$853,000$853,000$853,000
66$945,969$900,760$887,539$1,010,474
67$983,353$885,793$858,166$1,038,951
68$1,022,689$868,230$825,948$1,062,735
69$1,064,116$847,886$790,731$1,087,248
70$1,107,788$824,565$752,352$1,112,550
71$1,153,871$798,057$710,645$1,138,706
72$1,202,547$768,143$665,432$1,165,791
73$1,254,013$734,589$616,531$1,193,890
74$1,308,487$697,148$563,749$1,223,097
75$1,366,204$655,559$506,886$1,253,517
76$1,427,421$609,546$445,732$1,285,268
77$1,492,422$558,818$380,067$1,318,482
78$1,561,514$503,065$309,665$1,353,307
79$1,635,035$441,961$234,285$1,389,909
80$1,713,353$375,163$153,678$1,428,473
81$1,796,874$302,304$67,585$1,469,205
82$1,886,040$223,002$0$1,512,336
83$1,981,336$136,849$0$1,560,196
84$2,083,294$43,416$0$1,617,291
85$2,192,497$0$0$1,678,190
86$2,309,586$0$0$1,757,258
87$2,435,261$0$0$1,853,437
88$2,570,293$0$0$1,956,809
89$2,715,528$0$0$2,068,027
90$2,871,893$0$0$2,187,805
91$3,040,408$0$0$2,316,929
92$3,222,192$0$0$2,456,261
93$3,418,476$0$0$2,606,750
94$3,630,610$0$0$2,769,437
95$3,860,081$0$0$2,945,468
96$4,108,521$0$0$3,136,100
97$4,377,726$0$0$3,342,718
98$4,669,668$0$0$3,566,844
99$4,986,519$0$0$3,810,150
100$5,330,667$0$0$4,074,477