Can I retire at age 66 with 865,000?

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 $865,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$71,431$70,795$70,174$69,568$68,976$68,542
2 years$35,362$34,703$34,065$33,446$32,846$32,407
3 years$23,340$22,679$22,042$21,429$20,839$20,410
4 years$17,331$16,671$16,041$15,439$14,862$14,447
5 years$13,726$13,071$12,449$11,858$11,298$10,897
6 years$11,324$10,673$10,060$9,483$8,940$8,553
7 years$9,608$8,963$8,360$7,797$7,270$6,899
8 years$8,322$7,683$7,090$6,540$6,032$5,675
9 years$7,323$6,690$6,107$5,571$5,079$4,738
10 years$6,524$5,897$5,324$4,802$4,328$4,001
11 years$5,870$5,249$4,687$4,179$3,722$3,410
12 years$5,326$4,712$4,160$3,666$3,226$2,928
13 years$4,866$4,258$3,716$3,236$2,813$2,529
14 years$4,472$3,870$3,339$2,873$2,466$2,195
15 years$4,131$3,536$3,015$2,562$2,171$1,914
16 years$3,832$3,244$2,733$2,294$1,919$1,675
17 years$3,569$2,987$2,487$2,061$1,701$1,470
18 years$3,336$2,761$2,271$1,858$1,513$1,293
19 years$3,127$2,558$2,079$1,679$1,348$1,141
20 years$2,940$2,377$1,908$1,520$1,204$1,008
21 years$2,770$2,214$1,755$1,380$1,078$892
22 years$2,617$2,067$1,617$1,254$966$791
23 years$2,476$1,933$1,493$1,142$867$702
24 years$2,348$1,811$1,381$1,042$779$624
25 years$2,230$1,700$1,279$952$701$555
26 years$2,121$1,598$1,186$870$632$494
27 years$2,021$1,504$1,102$796$570$440
28 years$1,928$1,417$1,024$730$514$393
29 years$1,841$1,337$953$669$464$350
30 years$1,761$1,262$888$614$419$313
31 years$1,686$1,193$828$564$379$279
32 years$1,615$1,129$772$518$343$250
33 years$1,549$1,069$721$477$310$223
34 years$1,487$1,013$674$439$281$200
35 years$1,429$961$630$404$255$179
36 years$1,374$912$589$372$231$160
37 years$1,322$866$551$343$209$143
38 years$1,273$823$516$316$189$128
39 years$1,227$783$484$291$172$115
40 years$1,183$745$453$269$156$103
41 years$1,141$709$425$248$141$92
42 years$1,101$675$399$229$128$82
43 years$1,064$644$374$211$116$74
44 years$1,028$613$351$195$106$66
45 years$994$585$330$180$96$59
46 years$961$558$310$166$87$53
47 years$930$533$291$154$79$48
48 years$900$508$274$142$72$43
49 years$872$485$257$131$65$38
50 years$845$464$242$121$59$34

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $865,000, adding $5,829 every year, while hoping to spend $50,485 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: 70/7/23 Blend
65$865,000$865,000$865,000$865,000
66$959,243$913,398$899,990$1,020,466
67$1,003,370$904,438$876,424$1,053,176
68$1,050,306$893,348$850,377$1,082,516
69$1,100,284$879,969$821,711$1,113,417
70$1,153,559$864,134$790,285$1,146,030
71$1,210,412$845,667$755,949$1,180,521
72$1,271,148$824,378$718,548$1,217,077
73$1,336,104$800,071$677,917$1,255,904
74$1,405,646$772,535$633,888$1,297,229
75$1,480,180$741,547$586,281$1,341,306
76$1,560,148$706,872$534,910$1,388,415
77$1,646,035$668,261$479,582$1,438,867
78$1,738,376$625,451$420,094$1,493,004
79$1,837,755$578,163$356,232$1,551,210
80$1,944,817$526,103$287,776$1,613,904
81$2,060,266$468,960$214,494$1,681,555
82$2,184,879$406,405$136,146$1,754,680
83$2,319,508$338,091$52,478$1,833,851
84$2,465,090$263,650$0$1,919,701
85$2,622,655$182,694$0$2,021,965
86$2,793,335$94,815$0$2,146,715
87$2,978,373$0$0$2,281,988
88$3,179,140$0$0$2,428,836
89$3,397,139$0$0$2,596,259
90$3,634,026$0$0$2,778,228
91$3,891,623$0$0$2,976,149
92$4,171,932$0$0$3,191,566
93$4,477,160$0$0$3,426,178
94$4,809,730$0$0$3,681,857
95$5,172,314$0$0$3,960,660
96$5,567,849$0$0$4,264,854
97$5,999,570$0$0$4,596,933
98$6,471,035$0$0$4,959,641
99$6,986,165$0$0$5,356,000
100$7,549,273$0$0$5,789,338