Can I retire at age 66 with 863,000?

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 $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%18.8%
1 years$71,266$70,631$70,012$69,407$68,817$66,375
2 years$35,280$34,623$33,986$33,369$32,770$30,336
3 years$23,286$22,627$21,991$21,380$20,791$18,441
4 years$17,291$16,633$16,004$15,403$14,828$12,581
5 years$13,694$13,040$12,420$11,831$11,272$9,133
6 years$11,297$10,648$10,037$9,461$8,919$6,889
7 years$9,586$8,943$8,341$7,779$7,254$5,333
8 years$8,303$7,665$7,074$6,525$6,018$4,205
9 years$7,306$6,674$6,093$5,558$5,068$3,360
10 years$6,508$5,883$5,312$4,791$4,318$2,713
11 years$5,856$5,237$4,676$4,170$3,714$2,208
12 years$5,314$4,701$4,150$3,657$3,218$1,808
13 years$4,855$4,248$3,708$3,229$2,806$1,488
14 years$4,461$3,861$3,331$2,866$2,460$1,229
15 years$4,121$3,527$3,008$2,556$2,166$1,019
16 years$3,823$3,236$2,727$2,289$1,914$846
17 years$3,561$2,981$2,482$2,056$1,697$705
18 years$3,328$2,754$2,265$1,853$1,509$588
19 years$3,120$2,553$2,074$1,675$1,345$491
20 years$2,933$2,372$1,903$1,517$1,202$411
21 years$2,764$2,209$1,751$1,376$1,075$344
22 years$2,611$2,062$1,613$1,252$964$288
23 years$2,471$1,929$1,490$1,140$865$242
24 years$2,343$1,807$1,378$1,040$778$203
25 years$2,225$1,696$1,276$949$700$170
26 years$2,117$1,594$1,184$868$630$143
27 years$2,016$1,500$1,099$795$568$120
28 years$1,923$1,414$1,022$728$513$101
29 years$1,837$1,334$951$668$463$85
30 years$1,757$1,259$886$613$418$71
31 years$1,682$1,191$826$563$378$60
32 years$1,611$1,126$770$517$342$51
33 years$1,546$1,067$719$476$310$43
34 years$1,484$1,011$672$438$280$36
35 years$1,425$959$628$403$254$30
36 years$1,371$910$588$371$230$25
37 years$1,319$864$550$342$209$21
38 years$1,270$822$515$315$189$18
39 years$1,224$781$483$290$171$15
40 years$1,180$743$452$268$155$13
41 years$1,138$708$424$247$141$11
42 years$1,099$674$398$228$128$9
43 years$1,061$642$373$211$116$8
44 years$1,025$612$350$194$105$6
45 years$991$584$329$180$96$5
46 years$959$557$309$166$87$5
47 years$928$531$290$153$79$4
48 years$898$507$273$142$72$3
49 years$870$484$256$131$65$3
50 years$843$463$241$121$59$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $863,000, adding $5,176 every year, while hoping to spend $39,941 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: 40/33/27 Blend
65$863,000$863,000$863,000$863,000
66$956,365$910,626$897,250$986,818
67$1,011,417$912,750$884,810$1,011,507
68$1,070,746$913,639$870,616$1,034,094
69$1,134,746$913,191$854,565$1,057,763
70$1,203,850$911,297$836,553$1,082,635
71$1,278,532$907,840$816,467$1,108,851
72$1,359,317$902,699$794,193$1,136,566
73$1,446,779$895,743$769,610$1,165,955
74$1,541,550$886,833$742,591$1,197,212
75$1,644,323$875,824$713,004$1,230,557
76$1,755,864$862,559$680,710$1,266,235
77$1,877,013$846,875$645,564$1,304,517
78$2,008,694$828,597$607,416$1,345,710
79$2,151,923$807,541$566,106$1,390,153
80$2,307,819$783,510$521,471$1,438,226
81$2,477,613$756,299$473,336$1,490,352
82$2,662,659$725,687$421,523$1,547,002
83$2,864,449$691,444$365,843$1,608,701
84$3,084,622$653,325$306,098$1,676,031
85$3,324,985$611,069$242,084$1,749,643
86$3,587,526$564,404$173,586$1,830,257
87$3,874,433$513,039$100,380$1,918,676
88$4,188,115$456,668$22,233$2,015,791
89$4,531,225$394,967$0$2,122,591
90$4,906,684$327,594$0$2,257,794
91$5,317,708$254,188$0$2,412,981
92$5,767,838$174,368$0$2,583,166
93$6,260,975$87,729$0$2,769,930
94$6,801,414$0$0$2,975,018
95$7,393,884$0$0$3,202,592
96$8,043,597$0$0$3,487,201
97$8,756,290$0$0$3,799,516
98$9,538,283$0$0$4,142,321
99$10,396,538$0$0$4,518,682
100$11,338,723$0$0$4,931,978