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%11.9%
1 years$70,440$69,813$69,200$68,603$68,019$67,478
2 years$34,871$34,222$33,592$32,982$32,390$31,844
3 years$23,017$22,364$21,737$21,132$20,550$20,016
4 years$17,090$16,440$15,819$15,224$14,656$14,139
5 years$13,536$12,889$12,276$11,694$11,141$10,643
6 years$11,167$10,525$9,921$9,352$8,816$8,336
7 years$9,475$8,839$8,244$7,688$7,170$6,709
8 years$8,207$7,577$6,992$6,450$5,948$5,506
9 years$7,221$6,597$6,022$5,494$5,009$4,586
10 years$6,433$5,815$5,250$4,736$4,268$3,864
11 years$5,789$5,177$4,622$4,121$3,671$3,285
12 years$5,252$4,646$4,102$3,615$3,181$2,813
13 years$4,798$4,199$3,665$3,192$2,774$2,424
14 years$4,410$3,817$3,293$2,833$2,431$2,099
15 years$4,073$3,487$2,973$2,527$2,141$1,825
16 years$3,779$3,199$2,696$2,262$1,892$1,592
17 years$3,520$2,946$2,453$2,033$1,678$1,393
18 years$3,290$2,722$2,239$1,832$1,492$1,223
19 years$3,084$2,523$2,050$1,655$1,330$1,075
20 years$2,899$2,344$1,881$1,499$1,188$947
21 years$2,732$2,184$1,730$1,361$1,063$836
22 years$2,580$2,038$1,595$1,237$953$739
23 years$2,442$1,907$1,472$1,127$855$654
24 years$2,315$1,786$1,362$1,028$769$579
25 years$2,199$1,676$1,261$938$692$514
26 years$2,092$1,575$1,170$858$623$456
27 years$1,993$1,483$1,086$785$562$405
28 years$1,901$1,397$1,010$720$507$360
29 years$1,816$1,318$940$660$458$320
30 years$1,736$1,245$875$606$414$285
31 years$1,662$1,177$816$556$374$254
32 years$1,593$1,113$761$511$338$226
33 years$1,528$1,054$711$470$306$201
34 years$1,466$999$664$432$277$180
35 years$1,409$948$621$398$251$160
36 years$1,355$900$581$367$227$143
37 years$1,304$854$544$338$206$127
38 years$1,255$812$509$311$187$114
39 years$1,210$772$477$287$169$101
40 years$1,166$735$447$265$154$90
41 years$1,125$699$419$244$139$81
42 years$1,086$666$393$225$127$72
43 years$1,049$635$369$208$115$64
44 years$1,013$605$346$192$104$57
45 years$980$577$325$177$95$51
46 years$948$550$306$164$86$46
47 years$917$525$287$151$78$41
48 years$888$501$270$140$71$37
49 years$860$479$254$129$64$33
50 years$833$457$238$120$58$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $853,000, adding $6,072 every year, while hoping to spend $34,199 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: 71/11/18 Blend
65$853,000$853,000$853,000$853,000
66$946,269$901,060$887,839$1,008,993
67$1,006,401$908,825$881,194$1,059,277
68$1,071,521$915,823$873,180$1,109,640
69$1,142,100$921,983$863,716$1,163,912
70$1,218,658$927,224$852,715$1,222,474
71$1,301,768$931,465$840,087$1,285,746
72$1,392,057$934,616$825,739$1,354,193
73$1,490,217$936,582$809,572$1,428,327
74$1,597,009$937,265$791,482$1,508,713
75$1,713,270$936,556$771,362$1,595,972
76$1,839,920$934,344$749,100$1,690,792
77$1,977,973$930,508$724,576$1,793,930
78$2,128,545$924,922$697,668$1,906,221
79$2,292,863$917,449$668,246$2,028,586
80$2,472,278$907,947$636,175$2,162,041
81$2,668,278$896,265$601,315$2,307,707
82$2,882,501$882,240$563,517$2,466,817
83$3,116,750$865,703$522,629$2,640,736
84$3,373,009$846,473$478,487$2,830,966
85$3,653,464$824,359$430,925$3,039,163
86$3,960,523$799,158$379,767$3,267,155
87$4,296,836$770,656$324,828$3,516,957
88$4,665,321$738,626$265,918$3,790,791
89$5,069,193$702,828$202,836$4,091,107
90$5,511,993$663,009$135,373$4,420,607
91$5,997,619$618,899$63,310$4,782,271
92$6,530,366$570,215$0$5,179,384
93$7,114,964$516,657$0$5,618,179
94$7,756,625$457,907$0$6,113,185
95$8,461,086$393,630$0$6,656,683
96$9,234,671$323,472$0$7,253,576
97$10,084,344$247,059$0$7,909,272
98$11,017,778$163,995$0$8,629,728
99$12,043,424$73,863$0$9,421,507
100$13,170,593$0$0$10,291,844