Can I retire at age 66 with 864,000?

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 $864,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18%
1 years$71,348$70,713$70,093$69,488$68,897$66,664
2 years$35,321$34,663$34,026$33,407$32,808$30,580
3 years$23,313$22,653$22,017$21,404$20,815$18,661
4 years$17,311$16,652$16,023$15,421$14,845$12,782
5 years$13,710$13,055$12,434$11,845$11,285$9,318
6 years$11,311$10,661$10,049$9,472$8,930$7,060
7 years$9,597$8,953$8,350$7,788$7,262$5,491
8 years$8,313$7,674$7,082$6,533$6,025$4,349
9 years$7,314$6,682$6,100$5,565$5,074$3,493
10 years$6,516$5,890$5,318$4,797$4,323$2,834
11 years$5,863$5,243$4,682$4,175$3,718$2,318
12 years$5,320$4,706$4,155$3,662$3,222$1,908
13 years$4,860$4,253$3,712$3,233$2,810$1,579
14 years$4,467$3,866$3,335$2,870$2,463$1,312
15 years$4,126$3,531$3,011$2,559$2,168$1,093
16 years$3,828$3,240$2,730$2,291$1,916$914
17 years$3,565$2,984$2,484$2,059$1,699$766
18 years$3,332$2,757$2,268$1,855$1,511$643
19 years$3,124$2,555$2,076$1,677$1,347$540
20 years$2,936$2,375$1,905$1,518$1,203$455
21 years$2,767$2,212$1,753$1,378$1,076$383
22 years$2,614$2,065$1,615$1,253$965$323
23 years$2,474$1,931$1,491$1,141$866$273
24 years$2,345$1,809$1,379$1,041$779$230
25 years$2,228$1,698$1,278$951$701$195
26 years$2,119$1,596$1,185$869$631$164
27 years$2,019$1,502$1,100$795$569$139
28 years$1,926$1,415$1,023$729$513$118
29 years$1,839$1,335$952$668$464$100
30 years$1,759$1,261$887$613$419$84
31 years$1,684$1,192$827$563$379$71
32 years$1,613$1,128$771$518$343$60
33 years$1,547$1,068$720$476$310$51
34 years$1,485$1,012$673$438$281$43
35 years$1,427$960$629$403$254$37
36 years$1,372$911$588$371$230$31
37 years$1,320$865$551$342$209$26
38 years$1,271$823$516$315$189$22
39 years$1,225$782$483$291$172$19
40 years$1,181$744$453$268$156$16
41 years$1,140$708$425$247$141$14
42 years$1,100$675$398$228$128$11
43 years$1,062$643$374$211$116$10
44 years$1,027$613$351$195$106$8
45 years$992$584$329$180$96$7
46 years$960$557$309$166$87$6
47 years$929$532$291$153$79$5
48 years$899$508$273$142$72$4
49 years$871$485$257$131$65$4
50 years$844$463$241$121$59$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $864,000, adding $6,472 every year, while hoping to spend $54,804 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: 71/5/24 Blend
65$864,000$864,000$864,000$864,000
66$958,804$913,012$899,620$1,020,663
67$998,291$899,438$871,446$1,049,246
68$1,039,969$883,363$840,492$1,073,487
69$1,084,003$864,605$806,606$1,098,709
70$1,130,574$842,974$769,630$1,125,003
71$1,179,880$818,267$729,400$1,152,474
72$1,232,136$790,270$685,743$1,181,235
73$1,287,577$758,756$638,478$1,211,414
74$1,346,460$723,486$587,418$1,243,154
75$1,409,067$684,205$532,365$1,276,613
76$1,475,707$640,646$473,113$1,311,966
77$1,546,715$592,523$409,448$1,349,411
78$1,622,461$539,538$341,146$1,389,163
79$1,703,350$481,373$267,973$1,431,465
80$1,789,825$417,694$189,683$1,476,587
81$1,882,371$348,145$106,021$1,524,825
82$1,981,521$272,352$16,721$1,576,512
83$2,087,860$189,921$0$1,632,015
84$2,202,028$100,434$0$1,711,865
85$2,324,730$3,450$0$1,802,268
86$2,456,737$0$0$1,899,519
87$2,598,897$0$0$2,009,838
88$2,752,143$0$0$2,128,997
89$2,917,497$0$0$2,257,607
90$3,096,082$0$0$2,396,545
91$3,289,135$0$0$2,546,778
92$3,498,013$0$0$2,709,367
93$3,724,208$0$0$2,885,478
94$3,969,361$0$0$3,076,396
95$4,235,276$0$0$3,283,530
96$4,523,937$0$0$3,508,432
97$4,837,527$0$0$3,752,808
98$5,178,445$0$0$4,018,536
99$5,549,333$0$0$4,307,681
100$5,953,096$0$0$4,622,515