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%11.2%
1 years$71,596$70,958$70,336$69,729$69,136$68,787
2 years$35,444$34,783$34,144$33,523$32,922$32,569
3 years$23,394$22,731$22,093$21,479$20,887$20,542
4 years$17,371$16,710$16,078$15,474$14,897$14,562
5 years$13,758$13,101$12,477$11,886$11,324$11,001
6 years$11,350$10,698$10,084$9,505$8,961$8,649
7 years$9,631$8,984$8,379$7,815$7,287$6,988
8 years$8,342$7,701$7,106$6,556$6,046$5,758
9 years$7,340$6,705$6,121$5,584$5,091$4,816
10 years$6,539$5,910$5,336$4,813$4,338$4,074
11 years$5,884$5,261$4,698$4,189$3,731$3,478
12 years$5,338$4,722$4,169$3,674$3,233$2,992
13 years$4,877$4,268$3,725$3,244$2,819$2,589
14 years$4,482$3,879$3,347$2,880$2,471$2,252
15 years$4,140$3,544$3,022$2,568$2,176$1,968
16 years$3,841$3,251$2,740$2,299$1,923$1,725
17 years$3,578$2,994$2,493$2,066$1,705$1,517
18 years$3,344$2,767$2,276$1,862$1,516$1,338
19 years$3,135$2,564$2,083$1,682$1,351$1,182
20 years$2,947$2,383$1,912$1,524$1,207$1,047
21 years$2,777$2,220$1,759$1,383$1,080$929
22 years$2,623$2,072$1,621$1,257$968$825
23 years$2,482$1,938$1,497$1,145$869$734
24 years$2,353$1,816$1,384$1,044$781$654
25 years$2,235$1,704$1,282$954$703$583
26 years$2,126$1,601$1,189$872$633$520
27 years$2,026$1,507$1,104$798$571$465
28 years$1,932$1,420$1,026$731$515$416
29 years$1,846$1,340$955$671$465$372
30 years$1,765$1,265$890$616$420$333
31 years$1,689$1,196$829$565$380$298
32 years$1,619$1,132$774$520$344$267
33 years$1,553$1,072$723$478$311$239
34 years$1,491$1,016$675$440$282$214
35 years$1,432$963$631$405$255$192
36 years$1,377$914$590$373$231$172
37 years$1,325$868$553$343$209$155
38 years$1,276$825$518$316$190$139
39 years$1,229$785$485$292$172$125
40 years$1,185$747$454$269$156$112
41 years$1,144$711$426$248$142$100
42 years$1,104$677$400$229$129$90
43 years$1,066$645$375$212$117$81
44 years$1,030$615$352$195$106$73
45 years$996$586$331$180$96$65
46 years$963$559$311$167$87$59
47 years$932$534$292$154$79$53
48 years$902$510$274$142$72$47
49 years$874$487$258$131$65$43
50 years$846$465$242$122$59$38

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $867,000, adding $6,197 every year, while hoping to spend $32,335 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: 41/39/20 Blend
65$867,000$867,000$867,000$867,000
66$961,826$915,875$902,437$995,367
67$1,025,528$926,349$898,264$1,030,331
68$1,094,644$936,252$892,868$1,064,568
69$1,169,692$945,523$886,173$1,100,961
70$1,251,242$954,094$878,101$1,139,723
71$1,339,920$961,897$868,569$1,181,092
72$1,436,417$968,855$857,491$1,225,331
73$1,541,491$974,888$844,777$1,272,731
74$1,655,977$979,911$830,331$1,323,615
75$1,780,794$983,834$814,054$1,378,342
76$1,916,954$986,561$795,843$1,437,307
77$2,065,569$987,988$775,590$1,500,948
78$2,227,865$988,008$753,180$1,569,753
79$2,405,191$986,504$728,496$1,644,258
80$2,599,032$983,354$701,412$1,725,058
81$2,811,022$978,427$671,798$1,812,813
82$3,042,963$971,587$639,520$1,908,251
83$3,296,836$962,685$604,435$2,012,179
84$3,574,824$951,568$566,394$2,125,489
85$3,879,331$938,069$525,243$2,249,167
86$4,213,003$922,015$480,820$2,384,305
87$4,578,757$903,221$432,954$2,532,109
88$4,979,802$881,491$381,470$2,693,914
89$5,419,675$856,618$326,183$2,871,194
90$5,902,271$828,381$266,899$3,065,579
91$6,431,880$796,549$203,418$3,278,873
92$7,013,228$760,877$135,528$3,513,065
93$7,651,521$721,103$63,012$3,770,356
94$8,352,492$676,952$0$4,053,178
95$9,122,458$628,135$0$4,367,283
96$9,968,378$574,343$0$4,727,121
97$10,897,918$515,252$0$5,122,560
98$11,919,523$450,517$0$5,557,276
99$13,042,498$379,775$0$6,035,323
100$14,277,092$302,643$0$6,561,176