Can I retire at age 66 with 858,000?

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 $858,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.3%
1 years$70,853$70,222$69,606$69,005$68,418$66,388
2 years$35,076$34,422$33,789$33,175$32,580$30,551
3 years$23,151$22,495$21,864$21,256$20,670$18,706
4 years$17,191$16,537$15,911$15,314$14,742$12,859
5 years$13,615$12,965$12,348$11,762$11,207$9,409
6 years$11,232$10,587$9,979$9,406$8,867$7,156
7 years$9,531$8,891$8,293$7,734$7,212$5,587
8 years$8,255$7,621$7,033$6,487$5,983$4,444
9 years$7,264$6,635$6,057$5,526$5,038$3,584
10 years$6,471$5,849$5,281$4,763$4,293$2,921
11 years$5,823$5,207$4,649$4,146$3,692$2,400
12 years$5,283$4,673$4,126$3,636$3,199$1,985
13 years$4,826$4,223$3,686$3,210$2,790$1,650
14 years$4,436$3,839$3,312$2,850$2,446$1,378
15 years$4,097$3,507$2,990$2,541$2,153$1,154
16 years$3,801$3,218$2,711$2,276$1,903$970
17 years$3,541$2,963$2,467$2,045$1,687$816
18 years$3,309$2,738$2,252$1,843$1,500$689
19 years$3,102$2,538$2,062$1,665$1,337$582
20 years$2,916$2,358$1,892$1,508$1,195$493
21 years$2,748$2,197$1,740$1,369$1,069$417
22 years$2,595$2,050$1,604$1,244$958$354
23 years$2,456$1,918$1,481$1,133$860$300
24 years$2,329$1,797$1,370$1,034$773$255
25 years$2,212$1,686$1,269$944$696$217
26 years$2,104$1,585$1,177$863$627$184
27 years$2,005$1,491$1,093$790$565$157
28 years$1,912$1,405$1,016$724$510$133
29 years$1,826$1,326$945$664$460$113
30 years$1,747$1,252$880$609$416$97
31 years$1,672$1,184$821$559$376$82
32 years$1,602$1,120$766$514$340$70
33 years$1,537$1,061$715$473$308$60
34 years$1,475$1,005$668$435$279$51
35 years$1,417$953$625$400$252$43
36 years$1,363$905$584$369$229$37
37 years$1,311$859$547$340$207$31
38 years$1,263$817$512$313$188$27
39 years$1,217$777$480$289$170$23
40 years$1,173$739$450$266$155$19
41 years$1,132$703$422$246$140$17
42 years$1,092$670$396$227$127$14
43 years$1,055$638$371$209$115$12
44 years$1,019$608$348$193$105$10
45 years$986$580$327$179$95$9
46 years$953$553$307$165$86$7
47 years$922$528$289$152$78$6
48 years$893$504$271$141$71$5
49 years$865$482$255$130$65$5
50 years$838$460$240$120$59$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $858,000, adding $5,164 every year, while hoping to spend $51,811 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: 34/48/18 Blend
65$858,000$858,000$858,000$858,000
66$950,843$905,369$892,070$977,743
67$992,702$894,605$866,827$987,194
68$1,037,095$881,578$839,003$992,203
69$1,084,224$866,121$808,456$996,511
70$1,134,313$848,059$775,037$1,000,085
71$1,187,606$827,207$738,593$1,002,896
72$1,244,368$803,366$698,963$1,004,914
73$1,304,892$776,330$655,977$1,006,111
74$1,369,499$745,877$609,459$1,006,465
75$1,438,537$711,775$559,226$1,005,955
76$1,512,392$673,776$505,084$1,004,564
77$1,591,485$631,620$446,833$1,002,283
78$1,676,277$585,030$384,262$999,106
79$1,767,275$533,714$317,153$995,036
80$1,865,036$477,365$245,277$990,083
81$1,970,170$415,656$168,394$984,267
82$2,083,346$348,242$86,254$977,619
83$2,205,302$274,761$0$970,185
84$2,336,845$194,826$0$962,292
85$2,478,863$108,032$0$971,443
86$2,632,332$13,951$0$981,203
87$2,798,325$0$0$991,747
88$2,978,020$0$0$1,049,687
89$3,172,714$0$0$1,120,552
90$3,383,831$0$0$1,197,505
91$3,612,937$0$0$1,281,131
92$3,861,758$0$0$1,372,073
93$4,132,187$0$0$1,471,040
94$4,426,312$0$0$1,578,810
95$4,746,425$0$0$1,696,242
96$5,095,051$0$0$1,824,277
97$5,474,968$0$0$1,963,955
98$5,889,235$0$0$2,116,419
99$6,341,214$0$0$2,282,927
100$6,834,611$0$0$2,464,864