Can I retire at age 66 with 863,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $863,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$71,266$70,631$70,012$69,407$68,817$67,677
2 years$35,280$34,623$33,986$33,369$32,770$31,625
3 years$23,286$22,627$21,991$21,380$20,791$19,676
4 years$17,291$16,633$16,004$15,403$14,828$13,752
5 years$13,694$13,040$12,420$11,831$11,272$10,238
6 years$11,297$10,648$10,037$9,461$8,919$7,929
7 years$9,586$8,943$8,341$7,779$7,254$6,307
8 years$8,303$7,665$7,074$6,525$6,018$5,114
9 years$7,306$6,674$6,093$5,558$5,068$4,207
10 years$6,508$5,883$5,312$4,791$4,318$3,500
11 years$5,856$5,237$4,676$4,170$3,714$2,937
12 years$5,314$4,701$4,150$3,657$3,218$2,482
13 years$4,855$4,248$3,708$3,229$2,806$2,109
14 years$4,461$3,861$3,331$2,866$2,460$1,801
15 years$4,121$3,527$3,008$2,556$2,166$1,544
16 years$3,823$3,236$2,727$2,289$1,914$1,328
17 years$3,561$2,981$2,482$2,056$1,697$1,145
18 years$3,328$2,754$2,265$1,853$1,509$990
19 years$3,120$2,553$2,074$1,675$1,345$857
20 years$2,933$2,372$1,903$1,517$1,202$743
21 years$2,764$2,209$1,751$1,376$1,075$646
22 years$2,611$2,062$1,613$1,252$964$562
23 years$2,471$1,929$1,490$1,140$865$489
24 years$2,343$1,807$1,378$1,040$778$427
25 years$2,225$1,696$1,276$949$700$372
26 years$2,117$1,594$1,184$868$630$325
27 years$2,016$1,500$1,099$795$568$284
28 years$1,923$1,414$1,022$728$513$248
29 years$1,837$1,334$951$668$463$217
30 years$1,757$1,259$886$613$418$190
31 years$1,682$1,191$826$563$378$166
32 years$1,611$1,126$770$517$342$145
33 years$1,546$1,067$719$476$310$127
34 years$1,484$1,011$672$438$280$111
35 years$1,425$959$628$403$254$98
36 years$1,371$910$588$371$230$85
37 years$1,319$864$550$342$209$75
38 years$1,270$822$515$315$189$66
39 years$1,224$781$483$290$171$58
40 years$1,180$743$452$268$155$50
41 years$1,138$708$424$247$141$44
42 years$1,099$674$398$228$128$39
43 years$1,061$642$373$211$116$34
44 years$1,025$612$350$194$105$30
45 years$991$584$329$180$96$26
46 years$959$557$309$166$87$23
47 years$928$531$290$153$79$20
48 years$898$507$273$142$72$18
49 years$870$484$256$131$65$15
50 years$843$463$241$121$59$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $863,000, adding $5,340 every year, while hoping to spend $26,177 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: 39/50/11 Blend
65$863,000$863,000$863,000$863,000
66$956,534$910,795$897,419$990,460
67$1,026,249$927,572$899,630$1,031,740
68$1,102,196$944,294$901,038$1,073,371
69$1,184,986$960,930$901,589$1,117,802
70$1,275,287$977,447$901,224$1,165,297
71$1,373,835$993,811$899,884$1,216,147
72$1,481,442$1,009,984$897,506$1,270,674
73$1,599,001$1,025,925$894,024$1,329,233
74$1,727,494$1,041,590$889,369$1,392,216
75$1,868,003$1,056,932$883,467$1,460,054
76$2,021,719$1,071,902$876,243$1,533,225
77$2,189,955$1,086,446$867,618$1,612,256
78$2,374,154$1,100,505$857,507$1,697,727
79$2,575,908$1,114,020$845,824$1,790,281
80$2,796,967$1,126,924$832,476$1,890,625
81$3,039,262$1,139,148$817,368$1,999,542
82$3,304,917$1,150,615$800,399$2,117,892
83$3,596,271$1,161,248$781,465$2,246,630
84$3,915,902$1,170,961$760,456$2,386,805
85$4,266,649$1,179,663$737,256$2,539,577
86$4,651,639$1,187,259$711,746$2,706,226
87$5,074,317$1,193,645$683,800$2,888,164
88$5,538,476$1,198,712$653,286$3,086,950
89$6,048,297$1,202,345$620,068$3,304,305
90$6,608,384$1,204,421$584,000$3,542,125
91$7,223,809$1,204,807$544,934$3,802,506
92$7,900,160$1,203,366$502,713$4,087,758
93$8,643,595$1,199,949$457,172$4,400,431
94$9,460,895$1,194,400$408,140$4,743,339
95$10,359,532$1,186,551$355,439$5,119,585
96$11,347,740$1,176,228$298,882$5,532,595
97$12,434,588$1,163,242$238,273$5,986,145
98$13,630,070$1,147,395$173,409$6,484,405
99$14,945,197$1,128,477$104,078$7,031,972
100$16,392,099$1,106,265$30,057$7,633,917