Can I retire at age 66 with 869,000?

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 $869,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.9%
1 years$71,761$71,122$70,498$69,890$69,295$68,175
2 years$35,525$34,864$34,223$33,601$32,998$31,873
3 years$23,448$22,784$22,144$21,528$20,935$19,840
4 years$17,411$16,749$16,115$15,510$14,931$13,874
5 years$13,790$13,131$12,506$11,913$11,350$10,334
6 years$11,376$10,722$10,107$9,527$8,981$8,007
7 years$9,653$9,005$8,399$7,833$7,304$6,373
8 years$8,361$7,719$7,123$6,571$6,059$5,171
9 years$7,357$6,721$6,135$5,597$5,103$4,256
10 years$6,554$5,924$5,349$4,824$4,348$3,543
11 years$5,897$5,274$4,709$4,199$3,739$2,975
12 years$5,350$4,733$4,179$3,683$3,240$2,515
13 years$4,888$4,278$3,734$3,251$2,826$2,139
14 years$4,492$3,888$3,355$2,886$2,477$1,828
15 years$4,150$3,552$3,029$2,574$2,181$1,568
16 years$3,850$3,259$2,746$2,305$1,928$1,349
17 years$3,586$3,001$2,499$2,071$1,709$1,164
18 years$3,351$2,773$2,281$1,866$1,520$1,007
19 years$3,142$2,570$2,088$1,686$1,355$873
20 years$2,953$2,388$1,916$1,527$1,210$758
21 years$2,783$2,225$1,763$1,386$1,083$659
22 years$2,629$2,077$1,625$1,260$970$574
23 years$2,488$1,942$1,500$1,148$871$500
24 years$2,359$1,820$1,387$1,047$783$436
25 years$2,240$1,708$1,285$956$705$381
26 years$2,131$1,605$1,192$874$635$333
27 years$2,030$1,511$1,107$800$572$291
28 years$1,937$1,423$1,029$733$516$254
29 years$1,850$1,343$957$672$466$223
30 years$1,769$1,268$892$617$421$195
31 years$1,693$1,199$831$567$381$171
32 years$1,623$1,134$776$521$345$150
33 years$1,556$1,074$724$479$312$131
34 years$1,494$1,018$677$441$282$115
35 years$1,435$966$633$406$256$101
36 years$1,380$917$592$374$232$88
37 years$1,328$871$554$344$210$77
38 years$1,279$827$519$317$190$68
39 years$1,232$787$486$292$173$60
40 years$1,188$748$456$270$157$52
41 years$1,146$712$427$249$142$46
42 years$1,106$679$401$230$129$40
43 years$1,069$646$376$212$117$35
44 years$1,032$616$353$196$106$31
45 years$998$588$331$181$96$27
46 years$965$561$311$167$88$24
47 years$934$535$292$154$79$21
48 years$904$511$275$143$72$18
49 years$876$488$258$132$66$16
50 years$848$466$243$122$60$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $869,000, adding $4,552 every year, while hoping to spend $49,115 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: 70/10/20 Blend
65$869,000$869,000$869,000$869,000
66$962,333$916,276$902,807$1,024,682
67$1,008,233$908,916$880,793$1,059,494
68$1,057,169$899,549$856,395$1,091,354
69$1,109,398$888,025$829,483$1,125,013
70$1,165,203$874,184$799,917$1,160,643
71$1,224,894$857,859$767,554$1,198,436
72$1,288,809$838,870$732,243$1,238,605
73$1,357,322$817,029$693,827$1,281,383
74$1,430,840$792,135$652,142$1,327,032
75$1,509,812$763,975$607,014$1,375,838
76$1,594,729$732,326$558,266$1,428,122
77$1,686,131$696,950$505,708$1,484,236
78$1,784,612$657,596$449,144$1,544,571
79$1,890,822$613,999$388,371$1,609,558
80$2,005,478$565,876$323,173$1,679,677
81$2,129,365$512,933$253,327$1,755,457
82$2,263,347$454,853$178,601$1,837,484
83$2,408,375$391,307$98,750$1,926,404
84$2,565,491$321,943$13,520$2,022,935
85$2,735,844$246,391$0$2,127,867
86$2,920,696$164,261$0$2,258,603
87$3,121,436$75,138$0$2,403,738
88$3,339,591$0$0$2,561,515
89$3,576,840$0$0$2,735,539
90$3,835,031$0$0$2,933,964
91$4,116,199$0$0$3,150,089
92$4,422,581$0$0$3,385,639
93$4,756,639$0$0$3,642,515
94$5,121,084$0$0$3,922,805
95$5,518,900$0$0$4,228,811
96$5,953,370$0$0$4,563,064
97$6,428,109$0$0$4,928,353
98$6,947,098$0$0$5,327,747
99$7,514,719$0$0$5,764,625
100$8,135,796$0$0$6,242,709