Can I retire at age 66 with 872,000?

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 $872,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$72,009$71,368$70,742$70,131$69,535$68,866
2 years$35,648$34,984$34,341$33,717$33,112$32,438
3 years$23,529$22,862$22,221$21,603$21,007$20,350
4 years$17,471$16,806$16,171$15,564$14,983$14,346
5 years$13,837$13,176$12,549$11,954$11,390$10,776
6 years$11,415$10,760$10,142$9,560$9,012$8,422
7 years$9,686$9,036$8,428$7,860$7,329$6,763
8 years$8,390$7,745$7,147$6,593$6,080$5,538
9 years$7,382$6,744$6,156$5,616$5,121$4,602
10 years$6,576$5,944$5,367$4,841$4,363$3,868
11 years$5,918$5,292$4,725$4,213$3,752$3,280
12 years$5,369$4,750$4,193$3,696$3,252$2,802
13 years$4,905$4,292$3,746$3,263$2,836$2,408
14 years$4,508$3,902$3,366$2,896$2,486$2,079
15 years$4,164$3,564$3,039$2,583$2,189$1,803
16 years$3,863$3,270$2,756$2,313$1,934$1,569
17 years$3,598$3,012$2,507$2,078$1,715$1,369
18 years$3,363$2,783$2,289$1,873$1,525$1,198
19 years$3,153$2,579$2,095$1,692$1,359$1,051
20 years$2,964$2,397$1,923$1,533$1,214$923
21 years$2,793$2,232$1,769$1,391$1,086$812
22 years$2,638$2,084$1,630$1,265$974$716
23 years$2,496$1,949$1,505$1,152$874$632
24 years$2,367$1,826$1,392$1,050$786$558
25 years$2,248$1,714$1,289$959$707$493
26 years$2,139$1,611$1,196$877$637$436
27 years$2,037$1,516$1,110$803$574$386
28 years$1,943$1,428$1,032$736$518$342
29 years$1,856$1,347$961$675$468$304
30 years$1,775$1,272$895$619$423$269
31 years$1,699$1,203$834$569$382$239
32 years$1,628$1,138$778$523$346$212
33 years$1,562$1,078$727$481$313$188
34 years$1,499$1,022$679$442$283$167
35 years$1,440$969$635$407$257$149
36 years$1,385$920$594$375$232$132
37 years$1,333$874$556$345$211$117
38 years$1,283$830$521$318$191$104
39 years$1,236$789$488$294$173$93
40 years$1,192$751$457$271$157$83
41 years$1,150$715$429$250$143$73
42 years$1,110$681$402$231$129$65
43 years$1,072$649$377$213$117$58
44 years$1,036$618$354$196$107$52
45 years$1,002$590$333$181$97$46
46 years$969$563$312$168$88$41
47 years$937$537$293$155$80$36
48 years$907$512$276$143$72$32
49 years$879$489$259$132$66$29
50 years$851$467$244$122$60$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $872,000, adding $5,284 every year, while hoping to spend $57,341 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: 26/44/30 Blend
65$872,000$872,000$872,000$872,000
66$966,394$920,178$906,662$982,403
67$1,003,956$904,257$876,025$980,180
68$1,043,428$885,633$842,440$972,592
69$1,084,943$864,115$805,747$963,294
70$1,128,647$839,497$765,780$952,181
71$1,174,701$811,564$722,365$939,145
72$1,223,276$780,086$675,320$924,074
73$1,274,562$744,822$624,455$906,852
74$1,328,764$705,515$569,571$887,357
75$1,386,107$661,894$510,460$865,464
76$1,446,835$613,672$446,907$841,046
77$1,511,218$560,548$378,683$813,967
78$1,579,546$502,199$305,554$784,092
79$1,652,142$438,288$227,271$751,279
80$1,729,353$368,457$143,578$715,383
81$1,811,564$292,329$54,205$676,258
82$1,899,194$209,503$0$633,750
83$1,992,701$119,558$0$600,887
84$2,092,590$22,050$0$583,706
85$2,199,412$0$0$564,778
86$2,313,770$0$0$584,472
87$2,436,329$0$0$617,116
88$2,567,815$0$0$652,239
89$2,709,027$0$0$690,070
90$2,860,840$0$0$730,854
91$3,024,216$0$0$774,866
92$3,200,211$0$0$822,406
93$3,389,984$0$0$873,803
94$3,594,810$0$0$929,418
95$3,816,088$0$0$989,651
96$4,055,357$0$0$1,054,939
97$4,314,307$0$0$1,125,762
98$4,594,797$0$0$1,202,651
99$4,898,870$0$0$1,286,188
100$5,228,774$0$0$1,377,013