Can I retire at age 66 with 855,000?

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 $855,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.4%
1 years$70,605$69,976$69,363$68,764$68,179$65,865
2 years$34,953$34,302$33,671$33,059$32,466$30,158
3 years$23,071$22,417$21,787$21,182$20,598$18,368
4 years$17,130$16,479$15,856$15,260$14,691$12,556
5 years$13,567$12,920$12,305$11,721$11,168$9,134
6 years$11,193$10,550$9,944$9,374$8,836$6,906
7 years$9,497$8,860$8,264$7,707$7,186$5,358
8 years$8,226$7,594$7,008$6,465$5,962$4,234
9 years$7,238$6,612$6,036$5,507$5,021$3,392
10 years$6,448$5,828$5,262$4,747$4,278$2,746
11 years$5,802$5,189$4,633$4,131$3,679$2,240
12 years$5,264$4,657$4,112$3,624$3,188$1,839
13 years$4,810$4,209$3,673$3,199$2,780$1,518
14 years$4,420$3,826$3,301$2,840$2,437$1,257
15 years$4,083$3,495$2,980$2,533$2,146$1,045
16 years$3,788$3,206$2,702$2,268$1,897$871
17 years$3,528$2,953$2,459$2,037$1,682$727
18 years$3,297$2,729$2,244$1,836$1,495$609
19 years$3,091$2,529$2,055$1,659$1,333$510
20 years$2,906$2,350$1,886$1,503$1,190$428
21 years$2,738$2,189$1,734$1,364$1,065$360
22 years$2,586$2,043$1,599$1,240$955$302
23 years$2,448$1,911$1,476$1,129$857$254
24 years$2,321$1,790$1,365$1,030$770$214
25 years$2,204$1,680$1,264$941$693$180
26 years$2,097$1,579$1,173$860$624$152
27 years$1,998$1,486$1,089$787$563$128
28 years$1,906$1,400$1,012$721$508$108
29 years$1,820$1,321$942$661$459$91
30 years$1,740$1,248$877$607$414$77
31 years$1,666$1,179$818$557$375$65
32 years$1,596$1,116$763$512$339$55
33 years$1,531$1,057$713$471$307$46
34 years$1,470$1,002$666$433$278$39
35 years$1,412$950$622$399$252$33
36 years$1,358$902$582$368$228$28
37 years$1,307$856$545$339$207$23
38 years$1,258$814$510$312$187$20
39 years$1,212$774$478$288$170$17
40 years$1,169$736$448$265$154$14
41 years$1,128$701$420$245$140$12
42 years$1,089$668$394$226$127$10
43 years$1,051$636$370$209$115$9
44 years$1,016$606$347$193$104$7
45 years$982$578$326$178$95$6
46 years$950$552$306$164$86$5
47 years$919$526$288$152$78$4
48 years$890$502$270$140$71$4
49 years$862$480$254$130$64$3
50 years$835$458$239$120$59$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $855,000, adding $3,371 every year, while hoping to spend $52,265 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: 59/31/10 Blend
65$855,000$855,000$855,000$855,000
66$945,687$900,372$887,120$999,069
67$986,538$888,881$861,229$1,023,868
68$1,029,803$875,075$832,719$1,044,700
69$1,075,675$858,785$801,446$1,066,138
70$1,124,362$839,834$767,263$1,088,244
71$1,176,093$818,031$730,012$1,111,090
72$1,231,116$793,177$689,530$1,134,755
73$1,289,707$765,060$645,646$1,159,332
74$1,352,164$733,455$598,182$1,184,924
75$1,418,816$698,125$546,952$1,211,647
76$1,490,021$658,818$491,760$1,239,633
77$1,566,173$615,270$432,404$1,269,032
78$1,647,703$567,200$368,671$1,300,011
79$1,735,087$514,310$300,339$1,332,758
80$1,828,841$456,287$227,176$1,367,486
81$1,929,537$392,799$148,941$1,404,432
82$2,037,800$323,497$65,380$1,443,863
83$2,154,317$248,009$0$1,486,077
84$2,279,841$165,945$0$1,533,950
85$2,415,200$76,892$0$1,592,926
86$2,561,305$0$0$1,656,471
87$2,719,155$0$0$1,731,768
88$2,889,848$0$0$1,841,610
89$3,074,593$0$0$1,960,551
90$3,274,715$0$0$2,089,455
91$3,491,675$0$0$2,229,267
92$3,727,078$0$0$2,381,032
93$3,982,689$0$0$2,545,894
94$4,260,448$0$0$2,725,115
95$4,562,492$0$0$2,920,082
96$4,891,169$0$0$3,132,321
97$5,249,066$0$0$3,363,512
98$5,639,027$0$0$3,615,503
99$6,064,182$0$0$3,890,328
100$6,527,978$0$0$4,190,225