Can I retire at age 66 with 854,000?

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 $854,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.4%
1 years$70,523$69,894$69,281$68,683$68,099$66,588
2 years$34,912$34,262$33,632$33,021$32,428$30,914
3 years$23,044$22,391$21,762$21,157$20,574$19,103
4 years$17,110$16,459$15,837$15,242$14,673$13,258
5 years$13,551$12,904$12,290$11,708$11,154$9,798
6 years$11,180$10,537$9,932$9,363$8,826$7,530
7 years$9,486$8,849$8,254$7,697$7,178$5,943
8 years$8,217$7,585$7,000$6,457$5,955$4,780
9 years$7,230$6,605$6,029$5,500$5,015$3,900
10 years$6,441$5,822$5,256$4,741$4,273$3,216
11 years$5,795$5,183$4,628$4,126$3,675$2,675
12 years$5,258$4,652$4,107$3,619$3,185$2,240
13 years$4,804$4,204$3,669$3,195$2,777$1,886
14 years$4,415$3,821$3,297$2,836$2,434$1,595
15 years$4,078$3,491$2,977$2,530$2,143$1,354
16 years$3,784$3,203$2,699$2,265$1,894$1,153
17 years$3,524$2,949$2,456$2,035$1,680$985
18 years$3,294$2,725$2,242$1,834$1,493$842
19 years$3,088$2,526$2,052$1,657$1,331$722
20 years$2,902$2,347$1,883$1,501$1,189$620
21 years$2,735$2,186$1,732$1,362$1,064$533
22 years$2,583$2,041$1,597$1,239$954$459
23 years$2,445$1,909$1,474$1,128$856$395
24 years$2,318$1,788$1,363$1,029$770$341
25 years$2,202$1,678$1,263$940$692$294
26 years$2,094$1,577$1,171$859$624$254
27 years$1,995$1,484$1,088$786$562$219
28 years$1,903$1,399$1,011$720$507$189
29 years$1,818$1,320$941$661$458$164
30 years$1,738$1,246$876$606$414$141
31 years$1,664$1,178$817$557$374$122
32 years$1,595$1,115$762$512$339$106
33 years$1,529$1,056$712$471$306$92
34 years$1,468$1,001$665$433$277$79
35 years$1,411$949$622$399$251$69
36 years$1,356$901$582$367$228$59
37 years$1,305$855$544$338$206$51
38 years$1,257$813$510$312$187$45
39 years$1,211$773$478$287$170$39
40 years$1,168$736$448$265$154$33
41 years$1,126$700$420$245$140$29
42 years$1,087$667$394$226$127$25
43 years$1,050$635$369$208$115$22
44 years$1,015$606$347$192$104$19
45 years$981$577$326$178$95$16
46 years$949$551$306$164$86$14
47 years$918$526$287$152$78$12
48 years$889$502$270$140$71$11
49 years$861$479$254$130$64$9
50 years$834$458$239$120$59$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $854,000, adding $4,054 every year, while hoping to spend $44,749 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: 50/33/17 Blend
65$854,000$854,000$854,000$854,000
66$945,290$900,028$886,791$987,917
67$994,097$896,516$868,886$1,014,223
68$1,046,382$891,333$848,881$1,037,832
69$1,102,454$884,349$826,659$1,062,518
70$1,162,649$875,427$802,097$1,088,398
71$1,227,338$864,422$775,066$1,115,603
72$1,296,927$851,179$745,431$1,144,279
73$1,371,863$835,537$713,053$1,174,593
74$1,452,636$817,321$677,783$1,206,728
75$1,539,784$796,349$639,468$1,240,891
76$1,633,900$772,428$597,948$1,277,313
77$1,735,632$745,351$553,054$1,316,251
78$1,845,696$714,903$504,611$1,357,994
79$1,964,877$680,853$452,435$1,402,863
80$2,094,039$642,959$396,336$1,451,215
81$2,234,130$600,963$336,112$1,503,450
82$2,386,195$554,595$271,556$1,560,013
83$2,551,383$503,566$202,449$1,621,399
84$2,730,957$447,573$128,564$1,688,159
85$2,926,306$386,296$49,662$1,760,907
86$3,138,959$319,394$0$1,840,323
87$3,370,600$246,511$0$1,933,432
88$3,623,079$167,268$0$2,044,829
89$3,898,435$81,266$0$2,166,483
90$4,198,909$0$0$2,299,482
91$4,526,971$0$0$2,449,359
92$4,885,338$0$0$2,645,402
93$5,277,002$0$0$2,859,747
94$5,705,257$0$0$3,094,207
95$6,173,729$0$0$3,350,779
96$6,686,410$0$0$3,631,662
97$7,247,699$0$0$3,939,276
98$7,862,436$0$0$4,276,289
99$8,535,953$0$0$4,645,636
100$9,274,123$0$0$5,050,551