Can I retire at age 66 with 871,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $871,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$71,926$71,286$70,661$70,051$69,455$68,530
2 years$35,607$34,944$34,301$33,678$33,074$32,144
3 years$23,502$22,836$22,195$21,578$20,983$20,077
4 years$17,451$16,787$16,152$15,546$14,965$14,089
5 years$13,821$13,161$12,535$11,941$11,377$10,533
6 years$11,402$10,747$10,130$9,549$9,002$8,193
7 years$9,675$9,025$8,418$7,851$7,321$6,546
8 years$8,380$7,736$7,139$6,586$6,073$5,333
9 years$7,374$6,736$6,149$5,610$5,115$4,408
10 years$6,569$5,937$5,361$4,836$4,358$3,685
11 years$5,911$5,286$4,720$4,208$3,748$3,107
12 years$5,363$4,744$4,189$3,691$3,248$2,639
13 years$4,900$4,287$3,742$3,259$2,832$2,255
14 years$4,503$3,897$3,362$2,893$2,483$1,936
15 years$4,159$3,560$3,036$2,580$2,186$1,668
16 years$3,859$3,266$2,752$2,310$1,932$1,443
17 years$3,594$3,008$2,505$2,076$1,713$1,251
18 years$3,359$2,780$2,286$1,870$1,523$1,088
19 years$3,149$2,576$2,093$1,690$1,358$948
20 years$2,960$2,394$1,921$1,531$1,213$827
21 years$2,790$2,230$1,767$1,389$1,085$723
22 years$2,635$2,081$1,628$1,263$973$633
23 years$2,494$1,947$1,504$1,150$873$554
24 years$2,364$1,824$1,391$1,049$785$486
25 years$2,246$1,712$1,288$958$706$427
26 years$2,136$1,609$1,194$876$636$375
27 years$2,035$1,514$1,109$802$574$330
28 years$1,941$1,427$1,031$735$518$290
29 years$1,854$1,346$960$674$467$255
30 years$1,773$1,271$894$618$422$225
31 years$1,697$1,202$833$568$382$198
32 years$1,626$1,137$777$522$345$174
33 years$1,560$1,077$726$480$313$154
34 years$1,497$1,020$678$442$283$136
35 years$1,439$968$634$407$256$120
36 years$1,383$919$593$374$232$105
37 years$1,331$873$555$345$210$93
38 years$1,282$829$520$318$191$82
39 years$1,235$788$487$293$173$72
40 years$1,191$750$457$270$157$64
41 years$1,149$714$428$249$142$56
42 years$1,109$680$402$230$129$50
43 years$1,071$648$377$213$117$44
44 years$1,035$618$354$196$106$39
45 years$1,000$589$332$181$97$34
46 years$968$562$312$167$88$30
47 years$936$536$293$155$80$27
48 years$906$512$275$143$72$24
49 years$878$489$259$132$66$21
50 years$850$467$243$122$60$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $871,000, adding $3,102 every year, while hoping to spend $25,842 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: 46/31/23 Blend
65$871,000$871,000$871,000$871,000
66$963,042$916,879$903,378$1,000,859
67$1,033,776$934,310$906,146$1,045,185
68$1,110,860$951,729$908,140$1,090,459
69$1,194,912$969,109$909,307$1,139,059
70$1,286,616$986,419$909,592$1,191,307
71$1,386,724$1,003,626$908,936$1,247,559
72$1,496,062$1,020,696$907,278$1,308,210
73$1,615,541$1,037,591$904,553$1,373,693
74$1,746,164$1,054,270$900,693$1,444,488
75$1,889,034$1,070,691$895,627$1,521,122
76$2,045,367$1,086,806$889,282$1,604,180
77$2,216,501$1,102,566$881,579$1,694,305
78$2,403,909$1,117,917$872,438$1,792,208
79$2,609,215$1,132,802$861,772$1,898,672
80$2,834,206$1,147,160$849,491$2,014,562
81$3,080,849$1,160,925$835,504$2,140,832
82$3,351,313$1,174,027$819,710$2,278,535
83$3,647,985$1,186,393$802,009$2,428,834
84$3,973,494$1,197,942$782,291$2,593,009
85$4,330,739$1,208,589$760,446$2,772,476
86$4,722,909$1,218,244$736,356$2,968,794
87$5,153,519$1,226,811$709,897$3,183,684
88$5,626,440$1,234,188$680,941$3,419,045
89$6,145,938$1,240,264$649,354$3,676,973
90$6,716,712$1,244,925$614,995$3,959,778
91$7,343,937$1,248,047$577,718$4,270,008
92$8,033,316$1,249,498$537,368$4,610,476
93$8,791,130$1,249,140$493,787$4,984,283
94$9,624,302$1,246,824$446,805$5,394,849
95$10,540,457$1,242,394$396,249$5,845,947
96$11,547,995$1,235,683$341,934$6,341,740
97$12,656,173$1,226,514$283,672$6,886,815
98$13,875,189$1,214,700$221,261$7,486,234
99$15,216,279$1,200,041$154,495$8,145,581
100$16,691,824$1,182,328$83,155$8,871,009