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%12.6%
1 years$71,018$70,385$69,768$69,166$68,578$67,833
2 years$35,157$34,503$33,868$33,253$32,656$31,906
3 years$23,205$22,548$21,915$21,305$20,718$19,987
4 years$17,231$16,575$15,948$15,349$14,776$14,069
5 years$13,647$12,995$12,377$11,790$11,233$10,551
6 years$11,258$10,611$10,002$9,428$8,888$8,233
7 years$9,553$8,911$8,312$7,752$7,228$6,600
8 years$8,274$7,639$7,049$6,503$5,997$5,396
9 years$7,280$6,651$6,071$5,539$5,050$4,476
10 years$6,486$5,862$5,293$4,774$4,303$3,755
11 years$5,836$5,219$4,660$4,155$3,701$3,178
12 years$5,295$4,684$4,136$3,645$3,207$2,710
13 years$4,838$4,233$3,695$3,218$2,796$2,324
14 years$4,446$3,848$3,320$2,856$2,451$2,003
15 years$4,107$3,515$2,997$2,547$2,158$1,734
16 years$3,810$3,225$2,718$2,281$1,908$1,505
17 years$3,549$2,970$2,473$2,049$1,691$1,311
18 years$3,317$2,745$2,257$1,847$1,504$1,145
19 years$3,109$2,544$2,067$1,669$1,340$1,002
20 years$2,923$2,364$1,897$1,511$1,197$878
21 years$2,754$2,202$1,745$1,372$1,071$771
22 years$2,601$2,055$1,608$1,247$960$678
23 years$2,462$1,922$1,485$1,136$862$597
24 years$2,334$1,801$1,373$1,036$775$526
25 years$2,217$1,690$1,272$946$697$464
26 years$2,109$1,588$1,179$865$628$409
27 years$2,009$1,495$1,095$792$566$362
28 years$1,917$1,409$1,018$725$511$320
29 years$1,831$1,329$947$665$461$283
30 years$1,751$1,255$882$611$417$250
31 years$1,676$1,186$823$561$377$221
32 years$1,606$1,123$768$515$341$196
33 years$1,540$1,063$717$474$309$174
34 years$1,479$1,008$670$436$279$154
35 years$1,421$956$626$401$253$136
36 years$1,366$907$586$370$229$121
37 years$1,314$861$548$341$208$107
38 years$1,266$819$513$314$188$95
39 years$1,219$779$481$289$171$84
40 years$1,176$741$451$267$155$75
41 years$1,134$705$423$246$141$66
42 years$1,095$671$397$227$128$59
43 years$1,057$640$372$210$116$52
44 years$1,022$610$349$194$105$46
45 years$988$582$328$179$95$41
46 years$955$555$308$165$87$37
47 years$925$529$289$153$79$32
48 years$895$505$272$141$71$29
49 years$867$483$256$130$65$26
50 years$840$461$240$121$59$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $860,000, adding $2,396 every year, while hoping to spend $36,864 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: 25/48/27 Blend
65$860,000$860,000$860,000$860,000
66$950,191$904,611$891,281$965,832
67$1,007,888$909,714$881,916$984,104
68$1,070,234$913,832$871,002$1,000,380
69$1,137,665$916,877$858,448$1,017,061
70$1,210,659$918,756$844,158$1,034,206
71$1,289,743$919,372$828,034$1,051,883
72$1,375,494$918,618$809,971$1,070,169
73$1,468,550$916,386$789,860$1,089,154
74$1,569,609$912,555$767,587$1,108,938
75$1,679,440$907,002$743,032$1,129,638
76$1,798,891$899,593$716,072$1,151,385
77$1,928,893$890,188$686,575$1,174,329
78$2,070,470$878,638$654,406$1,198,638
79$2,224,750$864,783$619,421$1,224,505
80$2,392,975$848,457$581,471$1,252,145
81$2,576,509$829,482$540,401$1,281,801
82$2,776,856$807,670$496,047$1,313,748
83$2,995,671$782,822$448,241$1,348,294
84$3,234,776$754,726$396,803$1,385,785
85$3,496,176$723,161$341,549$1,426,610
86$3,782,080$687,890$282,285$1,471,205
87$4,094,919$648,664$218,809$1,520,058
88$4,437,370$605,217$150,908$1,573,713
89$4,812,381$557,273$78,363$1,632,782
90$5,223,199$504,534$943$1,697,946
91$5,673,399$446,690$0$1,769,966
92$6,166,919$383,411$0$1,873,221
93$6,708,095$314,348$0$1,986,948
94$7,301,704$239,134$0$2,112,004
95$7,953,006$157,380$0$2,249,642
96$8,667,796$68,676$0$2,401,252
97$9,452,459$0$0$2,568,373
98$10,314,024$0$0$2,767,190
99$11,260,237$0$0$3,025,531
100$12,299,631$0$0$3,309,469