Can I retire at age 66 with 856,000?

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 $856,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.2%
1 years$70,688$70,058$69,444$68,844$68,259$66,259
2 years$34,994$34,342$33,711$33,098$32,504$30,506
3 years$23,098$22,443$21,813$21,206$20,622$18,688
4 years$17,151$16,498$15,874$15,278$14,708$12,852
5 years$13,583$12,935$12,319$11,735$11,181$9,409
6 years$11,206$10,562$9,956$9,385$8,847$7,161
7 years$9,508$8,870$8,273$7,716$7,195$5,594
8 years$8,236$7,603$7,016$6,472$5,969$4,452
9 years$7,247$6,620$6,043$5,513$5,027$3,593
10 years$6,456$5,835$5,269$4,752$4,283$2,930
11 years$5,809$5,195$4,638$4,136$3,683$2,409
12 years$5,270$4,663$4,116$3,628$3,192$1,994
13 years$4,815$4,214$3,678$3,203$2,783$1,659
14 years$4,425$3,830$3,304$2,843$2,440$1,386
15 years$4,088$3,499$2,983$2,535$2,148$1,161
16 years$3,792$3,210$2,705$2,270$1,899$976
17 years$3,532$2,956$2,461$2,040$1,684$823
18 years$3,301$2,732$2,247$1,838$1,497$695
19 years$3,095$2,532$2,057$1,661$1,334$587
20 years$2,909$2,353$1,888$1,504$1,192$497
21 years$2,742$2,191$1,736$1,365$1,066$422
22 years$2,589$2,046$1,600$1,241$956$358
23 years$2,451$1,913$1,478$1,131$858$304
24 years$2,324$1,793$1,367$1,031$771$258
25 years$2,207$1,682$1,266$942$694$220
26 years$2,099$1,581$1,174$861$625$187
27 years$2,000$1,488$1,090$788$564$159
28 years$1,908$1,402$1,013$722$509$135
29 years$1,822$1,323$943$662$459$115
30 years$1,742$1,249$878$608$415$98
31 years$1,668$1,181$819$558$375$84
32 years$1,598$1,117$764$513$339$71
33 years$1,533$1,058$713$472$307$61
34 years$1,472$1,003$667$434$278$52
35 years$1,414$951$623$400$252$44
36 years$1,360$903$583$368$228$38
37 years$1,308$857$546$339$207$32
38 years$1,260$815$511$312$188$27
39 years$1,214$775$479$288$170$23
40 years$1,170$737$449$266$154$20
41 years$1,129$702$421$245$140$17
42 years$1,090$668$395$226$127$15
43 years$1,053$637$370$209$115$12
44 years$1,017$607$348$193$105$11
45 years$983$579$326$178$95$9
46 years$951$552$307$165$86$8
47 years$920$527$288$152$78$7
48 years$891$503$271$140$71$6
49 years$863$480$254$130$65$5
50 years$836$459$239$120$59$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $856,000, adding $4,350 every year, while hoping to spend $54,781 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: 37/50/13 Blend
65$856,000$856,000$856,000$856,000
66$947,799$902,431$889,163$978,945
67$986,188$888,364$860,663$987,571
68$1,026,657$871,771$829,373$991,287
69$1,069,359$852,471$795,141$994,103
70$1,114,464$830,272$757,808$995,965
71$1,162,154$804,971$717,209$996,819
72$1,212,630$776,351$673,172$996,610
73$1,266,111$744,184$625,516$995,285
74$1,322,835$708,230$574,052$992,789
75$1,383,064$668,233$518,582$989,068
76$1,447,083$623,923$458,901$984,069
77$1,515,205$575,015$394,794$977,741
78$1,587,772$521,207$326,036$970,035
79$1,665,158$462,179$252,391$960,906
80$1,747,774$397,595$173,616$950,311
81$1,836,068$327,099$89,453$938,213
82$1,930,535$250,314$0$924,578
83$2,031,713$166,844$0$909,433
84$2,140,196$76,267$0$905,954
85$2,256,633$0$0$901,753
86$2,381,739$0$0$908,901
87$2,516,295$0$0$961,804
88$2,661,162$0$0$1,018,850
89$2,817,284$0$0$1,080,422
90$2,985,698$0$0$1,146,940
91$3,167,543$0$0$1,218,866
92$3,364,072$0$0$1,296,710
93$3,576,660$0$0$1,381,029
94$3,806,819$0$0$1,472,439
95$4,056,213$0$0$1,571,615
96$4,326,670$0$0$1,679,299
97$4,620,201$0$0$1,796,310
98$4,939,015$0$0$1,923,547
99$5,285,547$0$0$2,061,998
100$5,662,473$0$0$2,212,751