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%16%
1 years$71,844$71,204$70,579$69,970$69,375$67,670
2 years$35,566$34,904$34,262$33,639$33,036$31,329
3 years$23,475$22,810$22,170$21,553$20,959$19,304
4 years$17,431$16,768$16,134$15,528$14,948$13,356
5 years$13,805$13,146$12,521$11,927$11,363$9,840
6 years$11,389$10,735$10,118$9,538$8,992$7,538
7 years$9,664$9,015$8,408$7,842$7,313$5,929
8 years$8,371$7,728$7,131$6,578$6,066$4,752
9 years$7,365$6,728$6,142$5,603$5,109$3,863
10 years$6,561$5,931$5,355$4,830$4,353$3,174
11 years$5,904$5,280$4,714$4,204$3,744$2,630
12 years$5,357$4,739$4,184$3,687$3,244$2,194
13 years$4,894$4,282$3,738$3,255$2,829$1,840
14 years$4,498$3,893$3,359$2,890$2,480$1,550
15 years$4,154$3,556$3,032$2,577$2,183$1,310
16 years$3,854$3,263$2,749$2,307$1,930$1,111
17 years$3,590$3,005$2,502$2,073$1,711$944
18 years$3,355$2,776$2,284$1,868$1,521$804
19 years$3,145$2,573$2,091$1,688$1,356$686
20 years$2,957$2,391$1,919$1,529$1,211$587
21 years$2,786$2,227$1,765$1,388$1,084$502
22 years$2,632$2,079$1,627$1,262$972$430
23 years$2,491$1,945$1,502$1,149$872$369
24 years$2,362$1,822$1,389$1,048$784$316
25 years$2,243$1,710$1,286$957$705$272
26 years$2,134$1,607$1,193$875$635$233
27 years$2,033$1,512$1,108$801$573$201
28 years$1,939$1,425$1,030$734$517$172
29 years$1,852$1,344$958$673$467$148
30 years$1,771$1,270$893$618$422$128
31 years$1,695$1,200$832$567$381$110
32 years$1,624$1,136$777$521$345$95
33 years$1,558$1,075$725$479$312$81
34 years$1,496$1,019$677$441$283$70
35 years$1,437$967$633$406$256$60
36 years$1,382$918$593$374$232$52
37 years$1,330$872$555$345$210$45
38 years$1,280$828$519$318$191$39
39 years$1,234$788$487$293$173$33
40 years$1,189$749$456$270$157$29
41 years$1,147$713$428$249$142$25
42 years$1,108$679$401$230$129$21
43 years$1,070$647$376$212$117$18
44 years$1,034$617$353$196$106$16
45 years$999$588$332$181$97$14
46 years$967$561$312$167$88$12
47 years$935$536$293$154$80$10
48 years$905$511$275$143$72$9
49 years$877$488$259$132$66$8
50 years$849$466$243$122$60$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $870,000, adding $5,099 every year, while hoping to spend $41,238 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: 33/41/26 Blend
65$870,000$870,000$870,000$870,000
66$964,000$917,890$904,405$988,037
67$1,018,451$918,989$890,825$1,007,732
68$1,077,074$918,761$875,409$1,024,896
69$1,140,250$917,095$858,050$1,042,580
70$1,208,401$913,878$838,640$1,060,855
71$1,281,985$908,986$817,062$1,079,808
72$1,361,511$902,289$793,197$1,099,533
73$1,447,534$893,650$766,918$1,120,140
74$1,540,667$882,924$738,094$1,141,754
75$1,641,583$869,954$706,588$1,164,516
76$1,751,020$854,578$672,254$1,188,586
77$1,869,793$836,621$634,943$1,214,144
78$1,998,795$815,899$594,498$1,241,394
79$2,139,013$792,218$550,754$1,270,568
80$2,291,527$765,372$503,539$1,301,923
81$2,457,528$735,141$452,673$1,335,750
82$2,638,329$701,296$397,971$1,372,377
83$2,835,370$663,591$339,234$1,412,172
84$3,050,240$621,768$276,260$1,455,544
85$3,284,684$575,555$208,835$1,502,954
86$3,540,627$524,662$136,736$1,554,919
87$3,820,183$468,783$59,729$1,612,013
88$4,125,685$407,597$0$1,674,880
89$4,459,697$340,761$0$1,750,467
90$4,825,044$267,916$0$1,851,435
91$5,224,836$188,681$0$1,962,164
92$5,662,496$102,654$0$2,083,724
93$6,141,798$9,411$0$2,217,305
94$6,666,892$0$0$2,364,223
95$7,242,353$0$0$2,567,217
96$7,873,217$0$0$2,794,541
97$8,565,032$0$0$3,043,965
98$9,323,907$0$0$3,317,707
99$10,156,573$0$0$3,618,214
100$11,070,442$0$0$3,948,179