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%13.1%
1 years$72,009$71,368$70,742$70,131$69,535$68,637
2 years$35,648$34,984$34,341$33,717$33,112$32,209
3 years$23,529$22,862$22,221$21,603$21,007$20,127
4 years$17,471$16,806$16,171$15,564$14,983$14,132
5 years$13,837$13,176$12,549$11,954$11,390$10,571
6 years$11,415$10,760$10,142$9,560$9,012$8,226
7 years$9,686$9,036$8,428$7,860$7,329$6,576
8 years$8,390$7,745$7,147$6,593$6,080$5,361
9 years$7,382$6,744$6,156$5,616$5,121$4,434
10 years$6,576$5,944$5,367$4,841$4,363$3,708
11 years$5,918$5,292$4,725$4,213$3,752$3,129
12 years$5,369$4,750$4,193$3,696$3,252$2,660
13 years$4,905$4,292$3,746$3,263$2,836$2,274
14 years$4,508$3,902$3,366$2,896$2,486$1,953
15 years$4,164$3,564$3,039$2,583$2,189$1,684
16 years$3,863$3,270$2,756$2,313$1,934$1,458
17 years$3,598$3,012$2,507$2,078$1,715$1,265
18 years$3,363$2,783$2,289$1,873$1,525$1,101
19 years$3,153$2,579$2,095$1,692$1,359$960
20 years$2,964$2,397$1,923$1,533$1,214$838
21 years$2,793$2,232$1,769$1,391$1,086$733
22 years$2,638$2,084$1,630$1,265$974$642
23 years$2,496$1,949$1,505$1,152$874$563
24 years$2,367$1,826$1,392$1,050$786$494
25 years$2,248$1,714$1,289$959$707$434
26 years$2,139$1,611$1,196$877$637$382
27 years$2,037$1,516$1,110$803$574$336
28 years$1,943$1,428$1,032$736$518$296
29 years$1,856$1,347$961$675$468$261
30 years$1,775$1,272$895$619$423$230
31 years$1,699$1,203$834$569$382$202
32 years$1,628$1,138$778$523$346$178
33 years$1,562$1,078$727$481$313$157
34 years$1,499$1,022$679$442$283$139
35 years$1,440$969$635$407$257$123
36 years$1,385$920$594$375$232$108
37 years$1,333$874$556$345$211$96
38 years$1,283$830$521$318$191$84
39 years$1,236$789$488$294$173$75
40 years$1,192$751$457$271$157$66
41 years$1,150$715$429$250$143$58
42 years$1,110$681$402$231$129$51
43 years$1,072$649$377$213$117$45
44 years$1,036$618$354$196$107$40
45 years$1,002$590$333$181$97$35
46 years$969$563$312$168$88$31
47 years$937$537$293$155$80$28
48 years$907$512$276$143$72$24
49 years$879$489$259$132$66$22
50 years$851$467$244$122$60$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $872,000, adding $2,149 every year, while hoping to spend $46,192 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: 66/14/20 Blend
65$872,000$872,000$872,000$872,000
66$963,161$916,945$903,429$1,021,748
67$1,012,255$912,727$884,546$1,057,087
68$1,064,809$906,755$863,482$1,090,205
69$1,121,127$898,893$840,115$1,125,310
70$1,181,541$888,998$814,319$1,162,599
71$1,246,419$876,920$785,959$1,202,288
72$1,316,162$862,497$754,897$1,244,616
73$1,391,211$845,559$720,986$1,289,850
74$1,472,049$825,927$684,075$1,338,284
75$1,559,210$803,409$644,003$1,390,243
76$1,653,277$777,804$600,605$1,446,090
77$1,754,893$748,897$553,706$1,506,223
78$1,864,762$716,463$503,125$1,571,085
79$1,983,660$680,262$448,672$1,641,167
80$2,112,439$640,041$390,149$1,717,009
81$2,252,037$595,533$327,348$1,799,211
82$2,403,484$546,453$260,054$1,888,437
83$2,567,914$492,503$188,039$1,985,421
84$2,746,572$433,367$111,070$2,090,974
85$2,940,831$368,710$28,899$2,205,994
86$3,152,198$298,180$0$2,331,474
87$3,382,334$221,403$0$2,481,056
88$3,633,066$137,984$0$2,650,805
89$3,906,402$47,509$0$2,835,947
90$4,204,556$0$0$3,038,027
91$4,529,962$0$0$3,266,521
92$4,885,300$0$0$3,524,077
93$5,273,522$0$0$3,805,521
94$5,697,874$0$0$4,113,216
95$6,161,934$0$0$4,449,761
96$6,669,639$0$0$4,818,018
97$7,225,323$0$0$5,221,141
98$7,833,762$0$0$5,662,601
99$8,500,213$0$0$6,146,220
100$9,230,465$0$0$6,676,208