Can I retire at age 66 with 870,000?

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 $870,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$71,844$71,204$70,579$69,970$69,375$68,086
2 years$35,566$34,904$34,262$33,639$33,036$31,742
3 years$23,475$22,810$22,170$21,553$20,959$19,701
4 years$17,431$16,768$16,134$15,528$14,948$13,735
5 years$13,805$13,146$12,521$11,927$11,363$10,199
6 years$11,389$10,735$10,118$9,538$8,992$7,877
7 years$9,664$9,015$8,408$7,842$7,313$6,248
8 years$8,371$7,728$7,131$6,578$6,066$5,052
9 years$7,365$6,728$6,142$5,603$5,109$4,144
10 years$6,561$5,931$5,355$4,830$4,353$3,436
11 years$5,904$5,280$4,714$4,204$3,744$2,874
12 years$5,357$4,739$4,184$3,687$3,244$2,421
13 years$4,894$4,282$3,738$3,255$2,829$2,051
14 years$4,498$3,893$3,359$2,890$2,480$1,745
15 years$4,154$3,556$3,032$2,577$2,183$1,491
16 years$3,854$3,263$2,749$2,307$1,930$1,278
17 years$3,590$3,005$2,502$2,073$1,711$1,098
18 years$3,355$2,776$2,284$1,868$1,521$945
19 years$3,145$2,573$2,091$1,688$1,356$816
20 years$2,957$2,391$1,919$1,529$1,211$705
21 years$2,786$2,227$1,765$1,388$1,084$610
22 years$2,632$2,079$1,627$1,262$972$529
23 years$2,491$1,945$1,502$1,149$872$459
24 years$2,362$1,822$1,389$1,048$784$398
25 years$2,243$1,710$1,286$957$705$346
26 years$2,134$1,607$1,193$875$635$301
27 years$2,033$1,512$1,108$801$573$262
28 years$1,939$1,425$1,030$734$517$228
29 years$1,852$1,344$958$673$467$198
30 years$1,771$1,270$893$618$422$173
31 years$1,695$1,200$832$567$381$151
32 years$1,624$1,136$777$521$345$131
33 years$1,558$1,075$725$479$312$115
34 years$1,496$1,019$677$441$283$100
35 years$1,437$967$633$406$256$87
36 years$1,382$918$593$374$232$76
37 years$1,330$872$555$345$210$66
38 years$1,280$828$519$318$191$58
39 years$1,234$788$487$293$173$50
40 years$1,189$749$456$270$157$44
41 years$1,147$713$428$249$142$38
42 years$1,108$679$401$230$129$34
43 years$1,070$647$376$212$117$29
44 years$1,034$617$353$196$106$26
45 years$999$588$332$181$97$22
46 years$967$561$312$167$88$20
47 years$935$536$293$154$80$17
48 years$905$511$275$143$72$15
49 years$877$488$259$132$66$13
50 years$849$466$243$122$60$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $870,000, adding $2,722 every year, while hoping to spend $20,438 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: 66/16/18 Blend
65$870,000$870,000$870,000$870,000
66$961,548$915,438$901,953$1,020,562
67$1,037,880$938,548$910,422$1,083,528
68$1,121,313$962,106$918,491$1,149,721
69$1,212,549$986,112$926,123$1,221,585
70$1,312,363$1,010,565$933,281$1,299,677
71$1,421,606$1,035,465$939,928$1,384,608
72$1,541,216$1,060,809$946,022$1,477,054
73$1,672,227$1,086,595$951,521$1,577,756
74$1,815,775$1,112,820$956,378$1,687,534
75$1,973,115$1,139,479$960,547$1,807,289
76$2,145,625$1,166,566$963,978$1,938,015
77$2,334,826$1,194,074$966,618$2,080,806
78$2,542,391$1,221,997$968,413$2,236,869
79$2,770,164$1,250,324$969,304$2,407,531
80$3,020,176$1,279,046$969,231$2,594,258
81$3,294,665$1,308,149$968,131$2,798,662
82$3,596,093$1,337,621$965,936$3,022,521
83$3,927,177$1,367,447$962,577$3,267,795
84$4,290,906$1,397,609$957,981$3,536,641
85$4,690,575$1,428,089$952,070$3,831,439
86$5,129,813$1,458,864$944,763$4,154,809
87$5,612,619$1,489,913$935,978$4,509,640
88$6,143,397$1,521,210$925,624$4,899,115
89$6,727,000$1,552,726$913,609$5,326,743
90$7,368,776$1,584,432$899,837$5,796,389
91$8,074,615$1,616,293$884,206$6,312,313
92$8,851,008$1,648,273$866,608$6,879,210
93$9,705,106$1,680,333$846,934$7,502,254
94$10,644,787$1,712,430$825,067$8,187,147
95$11,678,733$1,744,517$800,885$8,940,172
96$12,816,509$1,776,544$774,260$9,768,254
97$14,068,655$1,808,456$745,059$10,679,025
98$15,446,782$1,840,195$713,143$11,680,896
99$16,963,687$1,871,698$678,367$12,783,135
100$18,633,469$1,902,896$640,577$13,995,956