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%16.6%
1 years$71,596$70,958$70,336$69,729$69,136$67,273
2 years$35,444$34,783$34,144$33,523$32,922$31,059
3 years$23,394$22,731$22,093$21,479$20,887$19,082
4 years$17,371$16,710$16,078$15,474$14,897$13,163
5 years$13,758$13,101$12,477$11,886$11,324$9,667
6 years$11,350$10,698$10,084$9,505$8,961$7,381
7 years$9,631$8,984$8,379$7,815$7,287$5,786
8 years$8,342$7,701$7,106$6,556$6,046$4,621
9 years$7,340$6,705$6,121$5,584$5,091$3,743
10 years$6,539$5,910$5,336$4,813$4,338$3,064
11 years$5,884$5,261$4,698$4,189$3,731$2,529
12 years$5,338$4,722$4,169$3,674$3,233$2,101
13 years$4,877$4,268$3,725$3,244$2,819$1,755
14 years$4,482$3,879$3,347$2,880$2,471$1,472
15 years$4,140$3,544$3,022$2,568$2,176$1,239
16 years$3,841$3,251$2,740$2,299$1,923$1,046
17 years$3,578$2,994$2,493$2,066$1,705$886
18 years$3,344$2,767$2,276$1,862$1,516$751
19 years$3,135$2,564$2,083$1,682$1,351$638
20 years$2,947$2,383$1,912$1,524$1,207$543
21 years$2,777$2,220$1,759$1,383$1,080$462
22 years$2,623$2,072$1,621$1,257$968$394
23 years$2,482$1,938$1,497$1,145$869$336
24 years$2,353$1,816$1,384$1,044$781$287
25 years$2,235$1,704$1,282$954$703$245
26 years$2,126$1,601$1,189$872$633$210
27 years$2,026$1,507$1,104$798$571$179
28 years$1,932$1,420$1,026$731$515$154
29 years$1,846$1,340$955$671$465$131
30 years$1,765$1,265$890$616$420$113
31 years$1,689$1,196$829$565$380$96
32 years$1,619$1,132$774$520$344$83
33 years$1,553$1,072$723$478$311$71
34 years$1,491$1,016$675$440$282$61
35 years$1,432$963$631$405$255$52
36 years$1,377$914$590$373$231$45
37 years$1,325$868$553$343$209$38
38 years$1,276$825$518$316$190$33
39 years$1,229$785$485$292$172$28
40 years$1,185$747$454$269$156$24
41 years$1,144$711$426$248$142$21
42 years$1,104$677$400$229$129$18
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$10
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 $5,035 every year, while hoping to spend $53,024 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: 81/11/8 Blend
65$867,000$867,000$867,000$867,000
66$960,628$914,677$901,238$1,037,063
67$1,002,194$903,079$875,012$1,076,248
68$1,046,224$889,135$846,131$1,111,714
69$1,092,912$872,675$814,449$1,149,035
70$1,142,470$853,518$779,815$1,188,370
71$1,195,134$831,472$742,070$1,229,890
72$1,251,157$806,334$701,049$1,273,788
73$1,310,819$777,888$656,578$1,320,272
74$1,374,426$745,908$608,477$1,369,576
75$1,442,313$710,153$556,557$1,421,955
76$1,514,847$670,369$500,619$1,477,692
77$1,592,430$626,286$440,459$1,537,096
78$1,675,503$577,619$375,860$1,600,512
79$1,764,550$524,068$306,596$1,668,318
80$1,860,102$465,315$232,435$1,740,931
81$1,962,740$401,023$153,129$1,818,814
82$2,073,103$330,837$68,423$1,902,473
83$2,191,894$254,382$0$1,992,471
84$2,319,883$171,262$0$2,091,301
85$2,457,915$81,059$0$2,204,127
86$2,606,921$0$0$2,325,881
87$2,767,922$0$0$2,459,438
88$2,942,041$0$0$2,614,505
89$3,130,511$0$0$2,782,371
90$3,334,690$0$0$2,964,248
91$3,556,067$0$0$3,161,464
92$3,796,285$0$0$3,375,485
93$4,057,145$0$0$3,607,920
94$4,340,633$0$0$3,860,540
95$4,648,931$0$0$4,135,292
96$4,984,441$0$0$4,434,320
97$5,349,804$0$0$4,759,981
98$5,747,928$0$0$5,114,871
99$6,182,012$0$0$5,501,844
100$6,655,579$0$0$5,924,044