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%16.6%
1 years$70,605$69,976$69,363$68,764$68,179$66,342
2 years$34,953$34,302$33,671$33,059$32,466$30,629
3 years$23,071$22,417$21,787$21,182$20,598$18,818
4 years$17,130$16,479$15,856$15,260$14,691$12,981
5 years$13,567$12,920$12,305$11,721$11,168$9,533
6 years$11,193$10,550$9,944$9,374$8,836$7,279
7 years$9,497$8,860$8,264$7,707$7,186$5,706
8 years$8,226$7,594$7,008$6,465$5,962$4,557
9 years$7,238$6,612$6,036$5,507$5,021$3,691
10 years$6,448$5,828$5,262$4,747$4,278$3,021
11 years$5,802$5,189$4,633$4,131$3,679$2,494
12 years$5,264$4,657$4,112$3,624$3,188$2,072
13 years$4,810$4,209$3,673$3,199$2,780$1,731
14 years$4,420$3,826$3,301$2,840$2,437$1,452
15 years$4,083$3,495$2,980$2,533$2,146$1,222
16 years$3,788$3,206$2,702$2,268$1,897$1,032
17 years$3,528$2,953$2,459$2,037$1,682$873
18 years$3,297$2,729$2,244$1,836$1,495$741
19 years$3,091$2,529$2,055$1,659$1,333$629
20 years$2,906$2,350$1,886$1,503$1,190$535
21 years$2,738$2,189$1,734$1,364$1,065$456
22 years$2,586$2,043$1,599$1,240$955$389
23 years$2,448$1,911$1,476$1,129$857$332
24 years$2,321$1,790$1,365$1,030$770$283
25 years$2,204$1,680$1,264$941$693$242
26 years$2,097$1,579$1,173$860$624$207
27 years$1,998$1,486$1,089$787$563$177
28 years$1,906$1,400$1,012$721$508$151
29 years$1,820$1,321$942$661$459$130
30 years$1,740$1,248$877$607$414$111
31 years$1,666$1,179$818$557$375$95
32 years$1,596$1,116$763$512$339$81
33 years$1,531$1,057$713$471$307$70
34 years$1,470$1,002$666$433$278$60
35 years$1,412$950$622$399$252$51
36 years$1,358$902$582$368$228$44
37 years$1,307$856$545$339$207$38
38 years$1,258$814$510$312$187$32
39 years$1,212$774$478$288$170$28
40 years$1,169$736$448$265$154$24
41 years$1,128$701$420$245$140$20
42 years$1,089$668$394$226$127$17
43 years$1,051$636$370$209$115$15
44 years$1,016$606$347$193$104$13
45 years$982$578$326$178$95$11
46 years$950$552$306$164$86$9
47 years$919$526$288$152$78$8
48 years$890$502$270$140$71$7
49 years$862$480$254$130$64$6
50 years$835$458$239$120$59$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $855,000, adding $4,611 every year, while hoping to spend $46,121 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: 47/27/26 Blend
65$855,000$855,000$855,000$855,000
66$946,966$901,651$888,399$984,236
67$994,484$896,760$869,088$1,006,034
68$1,045,304$890,083$847,584$1,024,794
69$1,099,712$881,484$823,765$1,044,250
70$1,158,025$870,820$797,504$1,064,491
71$1,220,590$857,936$768,667$1,085,616
72$1,287,786$842,671$737,113$1,107,740
73$1,360,032$824,853$702,698$1,130,990
74$1,437,784$804,300$665,267$1,155,512
75$1,521,547$780,819$624,662$1,181,469
76$1,611,872$754,207$580,716$1,209,045
77$1,709,367$724,247$533,254$1,238,445
78$1,814,699$690,712$482,094$1,269,902
79$1,928,600$653,359$427,047$1,303,677
80$2,051,877$611,932$367,912$1,340,060
81$2,185,414$566,163$304,483$1,379,379
82$2,330,186$515,764$236,543$1,421,998
83$2,487,263$460,435$163,865$1,468,326
84$2,657,823$399,856$86,214$1,518,820
85$2,843,161$333,689$3,342$1,573,988
86$3,044,702$261,578$0$1,634,399
87$3,264,014$183,148$0$1,724,294
88$3,502,822$98,000$0$1,823,294
89$3,763,023$5,716$0$1,931,335
90$4,046,706$0$0$2,049,373
91$4,356,170$0$0$2,206,438
92$4,693,946$0$0$2,379,817
93$5,062,819$0$0$2,569,253
94$5,465,854$0$0$2,776,332
95$5,906,428$0$0$3,002,801
96$6,388,256$0$0$3,250,584
97$6,915,431$0$0$3,521,797
98$7,492,459$0$0$3,818,774
99$8,124,301$0$0$4,144,081
100$8,816,420$0$0$4,500,547