Can I retire at age 66 with 867,000?

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 $867,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$71,596$70,958$70,336$69,729$69,136$67,246
2 years$35,444$34,783$34,144$33,523$32,922$31,032
3 years$23,394$22,731$22,093$21,479$20,887$19,056
4 years$17,371$16,710$16,078$15,474$14,897$13,139
5 years$13,758$13,101$12,477$11,886$11,324$9,644
6 years$11,350$10,698$10,084$9,505$8,961$7,359
7 years$9,631$8,984$8,379$7,815$7,287$5,766
8 years$8,342$7,701$7,106$6,556$6,046$4,602
9 years$7,340$6,705$6,121$5,584$5,091$3,725
10 years$6,539$5,910$5,336$4,813$4,338$3,048
11 years$5,884$5,261$4,698$4,189$3,731$2,514
12 years$5,338$4,722$4,169$3,674$3,233$2,087
13 years$4,877$4,268$3,725$3,244$2,819$1,742
14 years$4,482$3,879$3,347$2,880$2,471$1,460
15 years$4,140$3,544$3,022$2,568$2,176$1,229
16 years$3,841$3,251$2,740$2,299$1,923$1,037
17 years$3,578$2,994$2,493$2,066$1,705$877
18 years$3,344$2,767$2,276$1,862$1,516$743
19 years$3,135$2,564$2,083$1,682$1,351$631
20 years$2,947$2,383$1,912$1,524$1,207$536
21 years$2,777$2,220$1,759$1,383$1,080$456
22 years$2,623$2,072$1,621$1,257$968$389
23 years$2,482$1,938$1,497$1,145$869$331
24 years$2,353$1,816$1,384$1,044$781$283
25 years$2,235$1,704$1,282$954$703$241
26 years$2,126$1,601$1,189$872$633$206
27 years$2,026$1,507$1,104$798$571$176
28 years$1,932$1,420$1,026$731$515$151
29 years$1,846$1,340$955$671$465$129
30 years$1,765$1,265$890$616$420$110
31 years$1,689$1,196$829$565$380$94
32 years$1,619$1,132$774$520$344$81
33 years$1,553$1,072$723$478$311$69
34 years$1,491$1,016$675$440$282$59
35 years$1,432$963$631$405$255$51
36 years$1,377$914$590$373$231$43
37 years$1,325$868$553$343$209$37
38 years$1,276$825$518$316$190$32
39 years$1,229$785$485$292$172$27
40 years$1,185$747$454$269$156$23
41 years$1,144$711$426$248$142$20
42 years$1,104$677$400$229$129$17
43 years$1,066$645$375$212$117$15
44 years$1,030$615$352$195$106$13
45 years$996$586$331$180$96$11
46 years$963$559$311$167$87$9
47 years$932$534$292$154$79$8
48 years$902$510$274$142$72$7
49 years$874$487$258$131$65$6
50 years$846$465$242$122$59$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $867,000, adding $6,302 every year, while hoping to spend $24,557 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: 74/19/7 Blend
65$867,000$867,000$867,000$867,000
66$961,935$915,984$902,545$1,031,731
67$1,033,923$934,738$906,652$1,097,315
68$1,112,432$953,589$910,073$1,165,414
69$1,198,100$972,514$912,760$1,239,314
70$1,291,630$991,491$914,661$1,319,582
71$1,393,796$1,010,495$915,723$1,406,840
72$1,505,452$1,029,498$915,889$1,501,774
73$1,627,536$1,048,471$915,098$1,605,139
74$1,761,081$1,067,382$913,291$1,717,767
75$1,907,225$1,086,198$910,399$1,840,575
76$2,067,221$1,104,880$906,357$1,974,571
77$2,242,448$1,123,390$901,090$2,120,868
78$2,434,426$1,141,685$894,525$2,280,692
79$2,644,829$1,159,718$886,583$2,455,391
80$2,875,498$1,177,441$877,180$2,646,454
81$3,128,463$1,194,800$866,230$2,855,517
82$3,405,961$1,211,740$853,643$3,084,387
83$3,710,453$1,228,199$839,324$3,335,053
84$4,044,651$1,244,113$823,174$3,609,706
85$4,411,543$1,259,412$805,087$3,910,761
86$4,814,419$1,274,022$784,957$4,240,880
87$5,256,906$1,287,865$762,668$4,602,994
88$5,742,995$1,300,855$738,103$5,000,336
89$6,277,087$1,312,903$711,136$5,436,465
90$6,864,028$1,323,913$681,637$5,915,306
91$7,509,157$1,333,784$649,470$6,441,182
92$8,218,357$1,342,405$614,493$7,018,859
93$8,998,108$1,349,661$576,557$7,653,588
94$9,855,550$1,355,430$535,507$8,351,156
95$10,798,550$1,359,580$491,181$9,117,940
96$11,835,775$1,361,972$443,408$9,960,967
97$12,976,773$1,362,458$392,011$10,887,983
98$14,232,066$1,360,881$336,806$11,907,523
99$15,613,247$1,357,073$277,598$13,028,994
100$17,133,087$1,350,859$214,187$14,262,761