Can I retire at age 66 with 861,000?

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 $861,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$71,101$70,467$69,849$69,246$68,657$68,139
2 years$35,198$34,543$33,907$33,291$32,694$32,171
3 years$23,232$22,574$21,940$21,330$20,742$20,232
4 years$17,251$16,594$15,967$15,367$14,794$14,299
5 years$13,663$13,010$12,391$11,803$11,246$10,768
6 years$11,271$10,624$10,014$9,439$8,898$8,439
7 years$9,564$8,922$8,322$7,761$7,237$6,795
8 years$8,284$7,648$7,057$6,510$6,004$5,580
9 years$7,289$6,659$6,078$5,545$5,056$4,651
10 years$6,493$5,869$5,299$4,780$4,308$3,921
11 years$5,843$5,225$4,665$4,160$3,705$3,335
12 years$5,301$4,690$4,140$3,649$3,211$2,858
13 years$4,843$4,238$3,699$3,221$2,800$2,464
14 years$4,451$3,852$3,324$2,860$2,454$2,135
15 years$4,111$3,519$3,001$2,550$2,161$1,857
16 years$3,815$3,229$2,721$2,284$1,910$1,622
17 years$3,553$2,974$2,476$2,052$1,693$1,420
18 years$3,321$2,748$2,260$1,849$1,506$1,247
19 years$3,113$2,547$2,069$1,671$1,342$1,098
20 years$2,926$2,366$1,899$1,513$1,199$968
21 years$2,758$2,204$1,747$1,373$1,073$855
22 years$2,605$2,058$1,610$1,249$962$756
23 years$2,465$1,924$1,486$1,137$863$670
24 years$2,337$1,803$1,375$1,037$776$594
25 years$2,220$1,692$1,273$947$698$527
26 years$2,112$1,590$1,181$866$629$468
27 years$2,012$1,497$1,096$793$567$416
28 years$1,919$1,410$1,019$726$512$370
29 years$1,833$1,330$949$666$462$330
30 years$1,753$1,256$884$611$417$293
31 years$1,678$1,188$824$561$377$262
32 years$1,608$1,124$769$516$341$233
33 years$1,542$1,064$718$474$309$208
34 years$1,480$1,009$670$437$280$185
35 years$1,422$957$627$402$253$165
36 years$1,367$908$586$370$230$148
37 years$1,316$862$549$341$208$132
38 years$1,267$820$514$314$189$118
39 years$1,221$779$482$290$171$105
40 years$1,177$742$451$267$155$94
41 years$1,136$706$423$247$141$84
42 years$1,096$672$397$228$128$75
43 years$1,059$641$373$210$116$67
44 years$1,023$611$350$194$105$60
45 years$989$582$328$179$96$53
46 years$957$555$308$165$87$48
47 years$926$530$290$153$79$43
48 years$896$506$272$141$72$38
49 years$868$483$256$131$65$34
50 years$841$462$241$121$59$31

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $861,000, adding $3,029 every year, while hoping to spend $52,187 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: 66/23/11 Blend
65$861,000$861,000$861,000$861,000
66$951,946$906,313$892,968$1,012,296
67$993,518$895,196$867,356$1,041,764
68$1,037,582$881,785$839,137$1,067,512
69$1,084,335$865,913$808,168$1,094,315
70$1,133,996$847,402$774,301$1,122,271
71$1,186,804$826,064$737,379$1,151,491
72$1,243,017$801,700$697,241$1,182,098
73$1,302,922$774,101$653,715$1,214,229
74$1,366,830$743,042$606,625$1,248,037
75$1,435,083$708,288$555,784$1,283,693
76$1,508,057$669,589$500,998$1,321,387
77$1,586,162$626,682$442,064$1,361,333
78$1,669,848$579,287$378,771$1,403,765
79$1,759,611$527,110$310,898$1,448,949
80$1,855,991$469,839$238,213$1,497,176
81$1,959,585$407,143$160,476$1,548,773
82$2,071,044$338,675$77,434$1,604,102
83$2,191,088$264,068$0$1,663,567
84$2,320,503$182,931$0$1,728,929
85$2,460,156$94,856$0$1,809,158
86$2,610,996$0$0$1,895,742
87$2,774,068$0$0$1,989,481
88$2,950,522$0$0$2,116,933
89$3,141,619$0$0$2,255,007
90$3,348,748$0$0$2,404,712
91$3,573,434$0$0$2,567,158
92$3,817,356$0$0$2,743,563
93$4,082,361$0$0$2,935,271
94$4,370,479$0$0$3,143,756
95$4,683,943$0$0$3,370,643
96$5,025,213$0$0$3,617,719
97$5,396,993$0$0$3,886,950
98$5,802,259$0$0$4,180,499
99$6,244,288$0$0$4,500,748
100$6,726,685$0$0$4,850,318