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%18.7%
1 years$70,688$70,058$69,444$68,844$68,259$65,863
2 years$34,994$34,342$33,711$33,098$32,504$30,116
3 years$23,098$22,443$21,813$21,206$20,622$18,316
4 years$17,151$16,498$15,874$15,278$14,708$12,501
5 years$13,583$12,935$12,319$11,735$11,181$9,080
6 years$11,206$10,562$9,956$9,385$8,847$6,854
7 years$9,508$8,870$8,273$7,716$7,195$5,308
8 years$8,236$7,603$7,016$6,472$5,969$4,188
9 years$7,247$6,620$6,043$5,513$5,027$3,349
10 years$6,456$5,835$5,269$4,752$4,283$2,705
11 years$5,809$5,195$4,638$4,136$3,683$2,203
12 years$5,270$4,663$4,116$3,628$3,192$1,805
13 years$4,815$4,214$3,678$3,203$2,783$1,486
14 years$4,425$3,830$3,304$2,843$2,440$1,229
15 years$4,088$3,499$2,983$2,535$2,148$1,019
16 years$3,792$3,210$2,705$2,270$1,899$848
17 years$3,532$2,956$2,461$2,040$1,684$706
18 years$3,301$2,732$2,247$1,838$1,497$590
19 years$3,095$2,532$2,057$1,661$1,334$493
20 years$2,909$2,353$1,888$1,504$1,192$413
21 years$2,742$2,191$1,736$1,365$1,066$346
22 years$2,589$2,046$1,600$1,241$956$290
23 years$2,451$1,913$1,478$1,131$858$244
24 years$2,324$1,793$1,367$1,031$771$205
25 years$2,207$1,682$1,266$942$694$172
26 years$2,099$1,581$1,174$861$625$144
27 years$2,000$1,488$1,090$788$564$122
28 years$1,908$1,402$1,013$722$509$102
29 years$1,822$1,323$943$662$459$86
30 years$1,742$1,249$878$608$415$72
31 years$1,668$1,181$819$558$375$61
32 years$1,598$1,117$764$513$339$51
33 years$1,533$1,058$713$472$307$43
34 years$1,472$1,003$667$434$278$36
35 years$1,414$951$623$400$252$31
36 years$1,360$903$583$368$228$26
37 years$1,308$857$546$339$207$22
38 years$1,260$815$511$312$188$18
39 years$1,214$775$479$288$170$15
40 years$1,170$737$449$266$154$13
41 years$1,129$702$421$245$140$11
42 years$1,090$668$395$226$127$9
43 years$1,053$637$370$209$115$8
44 years$1,017$607$348$193$105$7
45 years$983$579$326$178$95$6
46 years$951$552$307$165$86$5
47 years$920$527$288$152$78$4
48 years$891$503$271$140$71$3
49 years$863$480$254$130$65$3
50 years$836$459$239$120$59$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $856,000, adding $6,896 every year, while hoping to spend $42,358 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: 45/31/24 Blend
65$856,000$856,000$856,000$856,000
66$950,425$905,057$891,789$986,339
67$1,002,300$904,336$876,596$1,011,668
68$1,058,046$902,161$859,473$1,034,456
69$1,118,014$898,414$840,313$1,058,325
70$1,182,589$892,973$819,000$1,083,396
71$1,252,192$885,708$795,416$1,109,807
72$1,327,287$876,479$769,434$1,137,712
73$1,408,384$865,140$740,924$1,167,284
74$1,496,043$851,536$709,748$1,198,716
75$1,590,879$835,501$675,765$1,232,223
76$1,693,569$816,861$638,823$1,268,049
77$1,804,857$795,431$598,768$1,306,462
78$1,925,560$771,015$555,434$1,347,764
79$2,056,579$743,406$508,652$1,392,292
80$2,198,901$712,384$458,243$1,440,420
81$2,353,615$677,717$404,021$1,492,568
82$2,521,919$639,160$345,791$1,549,199
83$2,705,129$596,454$283,349$1,610,834
84$2,904,695$549,322$216,484$1,678,048
85$3,122,211$497,477$144,974$1,751,483
86$3,359,433$440,609$68,587$1,831,853
87$3,618,293$378,396$0$1,919,951
88$3,900,916$310,495$0$2,019,969
89$4,209,644$236,544$0$2,148,532
90$4,547,053$156,160$0$2,289,210
91$4,915,981$68,941$0$2,443,281
92$5,319,552$0$0$2,612,152
93$5,761,203$0$0$2,806,096
94$6,244,724$0$0$3,044,271
95$6,774,284$0$0$3,305,226
96$7,354,475$0$0$3,591,238
97$7,990,357$0$0$3,904,812
98$8,687,499$0$0$4,248,710
99$9,452,036$0$0$4,625,972
100$10,290,726$0$0$5,039,948