Can I retire at age 66 with 857,000?

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 $857,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$70,770$70,140$69,525$68,925$68,338$67,096
2 years$35,035$34,382$33,750$33,137$32,542$31,295
3 years$23,125$22,469$21,838$21,231$20,646$19,433
4 years$17,171$16,517$15,893$15,296$14,725$13,555
5 years$13,599$12,950$12,333$11,749$11,194$10,070
6 years$11,219$10,574$9,967$9,395$8,857$7,782
7 years$9,519$8,880$8,283$7,725$7,203$6,176
8 years$8,245$7,612$7,025$6,480$5,976$4,997
9 years$7,255$6,628$6,050$5,519$5,032$4,101
10 years$6,463$5,842$5,275$4,758$4,288$3,403
11 years$5,816$5,201$4,644$4,141$3,688$2,848
12 years$5,277$4,668$4,121$3,632$3,196$2,401
13 years$4,821$4,218$3,682$3,206$2,787$2,035
14 years$4,430$3,834$3,308$2,846$2,443$1,733
15 years$4,092$3,503$2,987$2,538$2,151$1,481
16 years$3,797$3,214$2,708$2,273$1,901$1,270
17 years$3,536$2,960$2,464$2,042$1,686$1,092
18 years$3,305$2,735$2,250$1,840$1,499$941
19 years$3,098$2,535$2,059$1,663$1,336$813
20 years$2,913$2,355$1,890$1,506$1,193$703
21 years$2,745$2,194$1,738$1,367$1,068$609
22 years$2,592$2,048$1,602$1,243$957$528
23 years$2,453$1,915$1,479$1,132$859$459
24 years$2,326$1,795$1,368$1,032$772$398
25 years$2,209$1,684$1,267$943$695$347
26 years$2,102$1,583$1,175$862$626$302
27 years$2,002$1,490$1,091$789$564$263
28 years$1,910$1,404$1,015$723$509$229
29 years$1,824$1,324$944$663$460$199
30 years$1,744$1,251$879$608$415$174
31 years$1,670$1,182$820$559$376$152
32 years$1,600$1,119$765$514$340$132
33 years$1,535$1,059$714$472$307$115
34 years$1,473$1,004$667$435$278$101
35 years$1,416$952$624$400$252$88
36 years$1,361$904$584$368$228$77
37 years$1,310$858$546$339$207$67
38 years$1,261$816$512$313$188$59
39 years$1,215$776$479$288$170$51
40 years$1,172$738$449$266$154$45
41 years$1,130$703$421$245$140$39
42 years$1,091$669$395$227$127$34
43 years$1,054$638$371$209$115$30
44 years$1,018$608$348$193$105$26
45 years$984$580$327$178$95$23
46 years$952$553$307$165$86$20
47 years$921$528$288$152$78$17
48 years$892$504$271$141$71$15
49 years$864$481$255$130$65$13
50 years$837$459$239$120$59$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $857,000, adding $3,493 every year, while hoping to spend $55,836 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: 51/26/23 Blend
65$857,000$857,000$857,000$857,000
66$948,017$902,596$889,313$990,112
67$985,306$887,414$859,695$1,004,454
68$1,024,526$869,617$827,215$1,014,057
69$1,065,817$849,017$791,716$1,023,347
70$1,109,329$825,417$753,036$1,032,315
71$1,155,224$798,607$711,007$1,040,955
72$1,203,683$768,364$665,452$1,049,266
73$1,254,899$734,455$616,185$1,057,249
74$1,309,085$696,629$563,013$1,064,910
75$1,366,473$654,625$505,735$1,072,261
76$1,427,316$608,164$444,140$1,079,316
77$1,491,891$556,953$378,007$1,086,101
78$1,560,501$500,681$307,107$1,092,645
79$1,633,476$439,019$231,200$1,098,988
80$1,711,180$371,620$150,035$1,105,180
81$1,794,010$298,119$63,350$1,111,283
82$1,882,399$218,127$0$1,117,369
83$1,976,823$131,235$0$1,130,683
84$2,077,806$37,012$0$1,161,231
85$2,185,918$0$0$1,193,646
86$2,301,786$0$0$1,246,745
87$2,426,100$0$0$1,315,134
88$2,559,615$0$0$1,388,648
89$2,703,158$0$0$1,467,750
90$2,857,640$0$0$1,552,950
91$3,024,061$0$0$1,644,809
92$3,203,517$0$0$1,743,942
93$3,397,214$0$0$1,851,024
94$3,606,477$0$0$1,966,798
95$3,832,761$0$0$2,092,081
96$4,077,666$0$0$2,227,769
97$4,342,952$0$0$2,374,850
98$4,630,552$0$0$2,534,409
99$4,942,592$0$0$2,707,638
100$5,281,412$0$0$2,895,850