Can I retire at age 66 with 860,000?

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 $860,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$71,018$70,385$69,768$69,166$68,578$67,609
2 years$35,157$34,503$33,868$33,253$32,656$31,682
3 years$23,205$22,548$21,915$21,305$20,718$19,769
4 years$17,231$16,575$15,948$15,349$14,776$13,859
5 years$13,647$12,995$12,377$11,790$11,233$10,351
6 years$11,258$10,611$10,002$9,428$8,888$8,042
7 years$9,553$8,911$8,312$7,752$7,228$6,418
8 years$8,274$7,639$7,049$6,503$5,997$5,223
9 years$7,280$6,651$6,071$5,539$5,050$4,312
10 years$6,486$5,862$5,293$4,774$4,303$3,600
11 years$5,836$5,219$4,660$4,155$3,701$3,032
12 years$5,295$4,684$4,136$3,645$3,207$2,572
13 years$4,838$4,233$3,695$3,218$2,796$2,195
14 years$4,446$3,848$3,320$2,856$2,451$1,881
15 years$4,107$3,515$2,997$2,547$2,158$1,619
16 years$3,810$3,225$2,718$2,281$1,908$1,398
17 years$3,549$2,970$2,473$2,049$1,691$1,211
18 years$3,317$2,745$2,257$1,847$1,504$1,051
19 years$3,109$2,544$2,067$1,669$1,340$915
20 years$2,923$2,364$1,897$1,511$1,197$797
21 years$2,754$2,202$1,745$1,372$1,071$696
22 years$2,601$2,055$1,608$1,247$960$608
23 years$2,462$1,922$1,485$1,136$862$532
24 years$2,334$1,801$1,373$1,036$775$466
25 years$2,217$1,690$1,272$946$697$408
26 years$2,109$1,588$1,179$865$628$358
27 years$2,009$1,495$1,095$792$566$314
28 years$1,917$1,409$1,018$725$511$276
29 years$1,831$1,329$947$665$461$243
30 years$1,751$1,255$882$611$417$213
31 years$1,676$1,186$823$561$377$187
32 years$1,606$1,123$768$515$341$165
33 years$1,540$1,063$717$474$309$145
34 years$1,479$1,008$670$436$279$128
35 years$1,421$956$626$401$253$112
36 years$1,366$907$586$370$229$99
37 years$1,314$861$548$341$208$87
38 years$1,266$819$513$314$188$77
39 years$1,219$779$481$289$171$68
40 years$1,176$741$451$267$155$60
41 years$1,134$705$423$246$141$53
42 years$1,095$671$397$227$128$46
43 years$1,057$640$372$210$116$41
44 years$1,022$610$349$194$105$36
45 years$988$582$328$179$95$32
46 years$955$555$308$165$87$28
47 years$925$529$289$153$79$25
48 years$895$505$272$141$71$22
49 years$867$483$256$130$65$19
50 years$840$461$240$121$59$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $860,000, adding $6,127 every year, while hoping to spend $32,065 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: 36/44/20 Blend
65$860,000$860,000$860,000$860,000
66$954,040$908,460$895,130$982,408
67$1,017,235$918,858$891,000$1,014,052
68$1,085,802$928,690$885,657$1,044,757
69$1,160,253$937,896$879,026$1,077,244
70$1,241,155$946,409$871,030$1,111,691
71$1,329,130$954,160$861,586$1,148,294
72$1,424,862$961,074$850,610$1,187,274
73$1,529,103$967,072$838,011$1,228,875
74$1,642,683$972,070$823,695$1,273,366
75$1,766,512$975,977$807,564$1,321,047
76$1,901,594$978,698$789,516$1,372,252
77$2,049,034$980,132$769,443$1,427,349
78$2,210,048$980,170$747,231$1,486,749
79$2,385,974$978,699$722,764$1,550,904
80$2,578,284$975,597$695,918$1,620,317
81$2,788,602$970,734$666,564$1,695,547
82$3,018,714$963,974$634,568$1,777,211
83$3,270,585$955,171$599,788$1,865,993
84$3,546,382$944,172$562,079$1,962,650
85$3,848,490$930,813$521,285$2,068,023
86$4,179,534$914,922$477,247$2,183,039
87$4,542,408$896,314$429,796$2,308,728
88$4,940,297$874,796$378,757$2,446,227
89$5,376,709$850,163$323,947$2,596,795
90$5,855,509$822,197$265,175$2,761,826
91$6,380,953$790,667$202,240$2,942,861
92$6,957,730$755,329$134,936$3,141,605
93$7,591,005$715,927$63,042$3,359,943
94$8,286,467$672,187$0$3,599,959
95$9,050,383$623,821$0$3,866,877
96$9,889,658$570,524$0$4,174,871
97$10,811,897$511,973$0$4,513,343
98$11,825,480$447,829$0$4,885,458
99$12,939,637$377,731$0$5,294,714
100$14,164,539$301,298$0$5,744,968