Can I retire at age 66 with 862,000?

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 $862,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$71,183$70,549$69,930$69,327$68,737$68,048
2 years$35,239$34,583$33,947$33,330$32,732$32,037
3 years$23,259$22,600$21,966$21,355$20,766$20,089
4 years$17,271$16,614$15,986$15,385$14,811$14,155
5 years$13,678$13,025$12,405$11,817$11,259$10,627
6 years$11,284$10,636$10,025$9,450$8,909$8,301
7 years$9,575$8,932$8,331$7,770$7,245$6,662
8 years$8,294$7,657$7,065$6,518$6,011$5,452
9 years$7,297$6,666$6,086$5,552$5,062$4,528
10 years$6,501$5,876$5,305$4,786$4,313$3,803
11 years$5,850$5,231$4,671$4,165$3,709$3,223
12 years$5,307$4,695$4,145$3,653$3,214$2,752
13 years$4,849$4,243$3,704$3,225$2,803$2,363
14 years$4,456$3,857$3,328$2,863$2,457$2,040
15 years$4,116$3,523$3,004$2,553$2,163$1,767
16 years$3,819$3,233$2,724$2,286$1,912$1,537
17 years$3,557$2,977$2,479$2,054$1,695$1,340
18 years$3,324$2,751$2,263$1,851$1,507$1,172
19 years$3,117$2,550$2,071$1,673$1,344$1,027
20 years$2,930$2,369$1,901$1,515$1,200$902
21 years$2,761$2,207$1,749$1,375$1,074$793
22 years$2,608$2,060$1,612$1,250$963$698
23 years$2,468$1,927$1,488$1,138$864$615
24 years$2,340$1,805$1,376$1,038$777$543
25 years$2,222$1,694$1,275$948$699$480
26 years$2,114$1,592$1,182$867$630$424
27 years$2,014$1,498$1,098$794$568$375
28 years$1,921$1,412$1,020$727$512$332
29 years$1,835$1,332$950$667$462$294
30 years$1,755$1,258$885$612$418$261
31 years$1,680$1,189$825$562$378$231
32 years$1,609$1,125$769$517$342$205
33 years$1,544$1,066$718$475$309$182
34 years$1,482$1,010$671$437$280$162
35 years$1,424$958$628$402$254$143
36 years$1,369$909$587$371$230$127
37 years$1,317$863$549$341$208$113
38 years$1,269$821$515$315$189$101
39 years$1,222$780$482$290$171$89
40 years$1,178$742$452$268$155$79
41 years$1,137$707$424$247$141$71
42 years$1,097$673$397$228$128$63
43 years$1,060$641$373$210$116$56
44 years$1,024$611$350$194$105$50
45 years$990$583$329$179$96$44
46 years$958$556$309$166$87$39
47 years$927$531$290$153$79$35
48 years$897$507$273$141$72$31
49 years$869$484$256$131$65$28
50 years$842$462$241$121$59$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $862,000, adding $4,265 every year, while hoping to spend $34,549 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: 38/41/21 Blend
65$862,000$862,000$862,000$862,000
66$954,323$908,637$895,276$984,445
67$1,014,904$916,401$888,508$1,014,395
68$1,080,507$923,387$880,355$1,043,179
69$1,151,606$929,520$870,735$1,073,581
70$1,228,726$934,723$859,561$1,105,769
71$1,312,441$938,909$846,741$1,139,927
72$1,403,384$941,989$832,181$1,176,262
73$1,502,251$943,869$815,780$1,215,001
74$1,609,808$944,445$797,436$1,256,400
75$1,726,896$943,612$777,039$1,300,742
76$1,854,444$941,253$754,474$1,348,340
77$1,993,471$937,248$729,622$1,399,543
78$2,145,100$931,468$702,359$1,454,740
79$2,310,566$923,776$672,554$1,514,361
80$2,491,230$914,027$640,071$1,578,883
81$2,688,588$902,067$604,766$1,648,837
82$2,904,290$887,734$566,491$1,724,811
83$3,140,149$870,854$525,090$1,807,455
84$3,398,164$851,246$480,401$1,897,494
85$3,680,534$828,714$432,252$1,995,729
86$3,989,683$803,056$380,466$2,103,046
87$4,328,277$774,052$324,859$2,220,431
88$4,699,255$741,475$265,235$2,348,972
89$5,105,852$705,080$201,394$2,489,875
90$5,551,631$664,610$133,122$2,644,478
91$6,040,516$619,795$60,201$2,814,258
92$6,576,830$570,346$0$3,000,852
93$7,165,334$515,960$0$3,210,020
94$7,811,271$456,316$0$3,454,468
95$8,520,419$391,074$0$3,722,967
96$9,299,141$319,875$0$4,018,025
97$10,154,445$242,341$0$4,342,416
98$11,094,055$158,073$0$4,699,200
99$12,126,477$66,646$0$5,091,757
100$13,261,082$0$0$5,523,820