Can I retire at age 66 with 856,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%11%
1 years$70,688$70,058$69,444$68,844$68,259$67,971
2 years$34,994$34,342$33,711$33,098$32,504$32,214
3 years$23,098$22,443$21,813$21,206$20,622$20,338
4 years$17,151$16,498$15,874$15,278$14,708$14,432
5 years$13,583$12,935$12,319$11,735$11,181$10,914
6 years$11,206$10,562$9,956$9,385$8,847$8,590
7 years$9,508$8,870$8,273$7,716$7,195$6,948
8 years$8,236$7,603$7,016$6,472$5,969$5,731
9 years$7,247$6,620$6,043$5,513$5,027$4,799
10 years$6,456$5,835$5,269$4,752$4,283$4,065
11 years$5,809$5,195$4,638$4,136$3,683$3,475
12 years$5,270$4,663$4,116$3,628$3,192$2,993
13 years$4,815$4,214$3,678$3,203$2,783$2,593
14 years$4,425$3,830$3,304$2,843$2,440$2,259
15 years$4,088$3,499$2,983$2,535$2,148$1,976
16 years$3,792$3,210$2,705$2,270$1,899$1,734
17 years$3,532$2,956$2,461$2,040$1,684$1,527
18 years$3,301$2,732$2,247$1,838$1,497$1,349
19 years$3,095$2,532$2,057$1,661$1,334$1,194
20 years$2,909$2,353$1,888$1,504$1,192$1,059
21 years$2,742$2,191$1,736$1,365$1,066$941
22 years$2,589$2,046$1,600$1,241$956$837
23 years$2,451$1,913$1,478$1,131$858$746
24 years$2,324$1,793$1,367$1,031$771$665
25 years$2,207$1,682$1,266$942$694$594
26 years$2,099$1,581$1,174$861$625$531
27 years$2,000$1,488$1,090$788$564$475
28 years$1,908$1,402$1,013$722$509$425
29 years$1,822$1,323$943$662$459$381
30 years$1,742$1,249$878$608$415$342
31 years$1,668$1,181$819$558$375$306
32 years$1,598$1,117$764$513$339$275
33 years$1,533$1,058$713$472$307$247
34 years$1,472$1,003$667$434$278$222
35 years$1,414$951$623$400$252$199
36 years$1,360$903$583$368$228$179
37 years$1,308$857$546$339$207$161
38 years$1,260$815$511$312$188$144
39 years$1,214$775$479$288$170$130
40 years$1,170$737$449$266$154$117
41 years$1,129$702$421$245$140$105
42 years$1,090$668$395$226$127$95
43 years$1,053$637$370$209$115$85
44 years$1,017$607$348$193$105$77
45 years$983$579$326$178$95$69
46 years$951$552$307$165$86$62
47 years$920$527$288$152$78$56
48 years$891$503$271$140$71$50
49 years$863$480$254$130$65$45
50 years$836$459$239$120$59$41

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $856,000, adding $6,717 every year, while hoping to spend $50,490 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: 62/15/23 Blend
65$856,000$856,000$856,000$856,000
66$950,241$904,873$891,605$1,003,020
67$993,444$895,490$867,752$1,030,141
68$1,039,362$883,956$841,409$1,053,570
69$1,088,219$870,111$812,437$1,078,022
70$1,140,258$853,788$780,695$1,103,604
71$1,195,748$834,807$746,032$1,130,436
72$1,254,982$812,980$708,292$1,158,652
73$1,318,282$788,108$667,311$1,188,401
74$1,386,000$759,979$622,920$1,219,850
75$1,458,523$728,369$574,938$1,253,186
76$1,536,274$693,041$523,181$1,288,617
77$1,619,720$653,745$467,453$1,326,375
78$1,709,369$610,217$407,550$1,366,719
79$1,805,782$562,175$343,261$1,409,938
80$1,909,574$509,323$274,362$1,456,351
81$2,021,420$451,350$200,623$1,506,317
82$2,142,062$387,924$121,801$1,560,233
83$2,272,315$318,695$37,644$1,618,540
84$2,413,075$243,294$0$1,681,731
85$2,565,325$161,332$0$1,763,152
86$2,730,147$72,396$0$1,861,300
87$2,908,730$0$0$1,967,669
88$3,102,383$0$0$2,087,034
89$3,312,542$0$0$2,229,595
90$3,540,790$0$0$2,384,482
91$3,788,865$0$0$2,552,883
92$4,058,682$0$0$2,736,105
93$4,352,346$0$0$2,935,584
94$4,672,173$0$0$3,152,902
95$5,020,714$0$0$3,389,800
96$5,400,772$0$0$3,648,194
97$5,815,438$0$0$3,930,192
98$6,268,108$0$0$4,238,116
99$6,762,524$0$0$4,574,519
100$7,302,806$0$0$4,942,215