Can I retire at age 66 with 866,000?

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 $866,000?

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%
1 years$71,513$70,876$70,255$69,648$69,056$67,884
2 years$35,403$34,743$34,104$33,485$32,884$31,707
3 years$23,367$22,705$22,068$21,454$20,863$19,717
4 years$17,351$16,691$16,060$15,456$14,880$13,774
5 years$13,742$13,086$12,463$11,872$11,311$10,249
6 years$11,337$10,685$10,072$9,494$8,950$7,933
7 years$9,619$8,974$8,370$7,806$7,279$6,307
8 years$8,332$7,692$7,098$6,548$6,039$5,111
9 years$7,331$6,697$6,114$5,577$5,085$4,202
10 years$6,531$5,903$5,330$4,808$4,333$3,493
11 years$5,877$5,255$4,693$4,184$3,726$2,930
12 years$5,332$4,717$4,165$3,670$3,229$2,474
13 years$4,871$4,263$3,721$3,240$2,816$2,101
14 years$4,477$3,875$3,343$2,876$2,468$1,793
15 years$4,135$3,540$3,018$2,565$2,173$1,536
16 years$3,837$3,248$2,737$2,297$1,921$1,320
17 years$3,574$2,991$2,490$2,064$1,703$1,137
18 years$3,340$2,764$2,273$1,860$1,514$982
19 years$3,131$2,561$2,081$1,680$1,350$850
20 years$2,943$2,380$1,910$1,522$1,206$737
21 years$2,774$2,217$1,757$1,381$1,079$640
22 years$2,620$2,070$1,619$1,256$967$556
23 years$2,479$1,936$1,495$1,144$868$484
24 years$2,351$1,814$1,383$1,043$780$422
25 years$2,233$1,702$1,281$953$702$367
26 years$2,124$1,599$1,188$871$632$321
27 years$2,023$1,505$1,103$797$570$280
28 years$1,930$1,418$1,025$731$515$244
29 years$1,843$1,338$954$670$465$213
30 years$1,763$1,264$889$615$420$187
31 years$1,687$1,195$828$565$380$163
32 years$1,617$1,130$773$519$343$143
33 years$1,551$1,070$722$477$311$125
34 years$1,489$1,015$674$439$281$109
35 years$1,430$962$630$404$255$96
36 years$1,375$913$590$372$231$84
37 years$1,323$867$552$343$209$73
38 years$1,274$824$517$316$190$64
39 years$1,228$784$484$291$172$56
40 years$1,184$746$454$269$156$49
41 years$1,142$710$426$248$142$43
42 years$1,103$676$399$229$128$38
43 years$1,065$644$375$211$117$33
44 years$1,029$614$352$195$106$29
45 years$995$586$330$180$96$25
46 years$962$559$310$166$87$22
47 years$931$533$291$154$79$19
48 years$901$509$274$142$72$17
49 years$873$486$257$131$65$15
50 years$846$464$242$121$59$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $866,000, adding $6,093 every year, while hoping to spend $54,739 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: 80/14/6 Blend
65$866,000$866,000$866,000$866,000
66$960,617$914,719$901,296$1,036,536
67$1,000,358$901,298$873,247$1,073,699
68$1,042,318$885,385$842,425$1,106,609
69$1,086,666$866,800$808,677$1,141,055
70$1,133,585$845,353$771,847$1,177,162
71$1,183,276$820,841$731,769$1,215,067
72$1,235,958$793,050$688,272$1,254,921
73$1,291,872$761,756$641,176$1,296,892
74$1,351,280$726,719$590,291$1,341,165
75$1,414,467$687,685$535,423$1,387,942
76$1,481,749$644,387$476,366$1,437,450
77$1,553,468$596,542$412,904$1,489,935
78$1,630,000$543,852$344,815$1,545,672
79$1,711,758$485,999$271,865$1,604,963
80$1,799,194$422,649$193,809$1,668,143
81$1,892,802$353,449$110,392$1,735,582
82$1,993,127$278,027$21,349$1,807,686
83$2,100,763$195,988$0$1,884,906
84$2,216,365$106,915$0$1,972,457
85$2,340,649$10,369$0$2,067,936
86$2,474,405$0$0$2,170,602
87$2,618,496$0$0$2,295,644
88$2,773,874$0$0$2,432,221
89$2,941,581$0$0$2,579,655
90$3,122,764$0$0$2,738,956
91$3,318,684$0$0$2,911,236
92$3,530,726$0$0$3,097,715
93$3,760,413$0$0$3,299,735
94$4,009,419$0$0$3,518,772
95$4,279,584$0$0$3,756,448
96$4,572,935$0$0$4,014,548
97$4,891,698$0$0$4,295,036
98$5,238,322$0$0$4,600,069
99$5,615,504$0$0$4,932,024
100$6,026,209$0$0$5,293,516