Can I retire at age 66 with 873,000?

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 $873,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$72,092$71,449$70,823$70,211$69,614$69,292
2 years$35,689$35,024$34,380$33,755$33,150$32,824
3 years$23,556$22,889$22,246$21,627$21,031$20,713
4 years$17,491$16,826$16,190$15,581$15,000$14,691
5 years$13,853$13,191$12,564$11,968$11,403$11,104
6 years$11,428$10,772$10,153$9,571$9,023$8,735
7 years$9,697$9,046$8,437$7,869$7,338$7,061
8 years$8,399$7,754$7,156$6,601$6,087$5,822
9 years$7,390$6,751$6,163$5,623$5,126$4,872
10 years$6,584$5,951$5,373$4,847$4,368$4,124
11 years$5,924$5,298$4,730$4,218$3,757$3,523
12 years$5,375$4,755$4,198$3,700$3,255$3,032
13 years$4,911$4,297$3,751$3,266$2,839$2,626
14 years$4,513$3,906$3,370$2,900$2,488$2,286
15 years$4,169$3,568$3,043$2,586$2,191$1,998
16 years$3,868$3,274$2,759$2,315$1,936$1,753
17 years$3,602$3,015$2,510$2,080$1,717$1,543
18 years$3,367$2,786$2,292$1,875$1,527$1,361
19 years$3,156$2,582$2,098$1,694$1,361$1,204
20 years$2,967$2,399$1,925$1,534$1,215$1,067
21 years$2,796$2,235$1,771$1,392$1,088$947
22 years$2,641$2,086$1,632$1,266$975$842
23 years$2,499$1,951$1,507$1,153$875$750
24 years$2,370$1,828$1,394$1,052$787$668
25 years$2,251$1,716$1,291$960$708$596
26 years$2,141$1,612$1,197$878$638$533
27 years$2,040$1,517$1,112$804$575$476
28 years$1,946$1,430$1,033$736$519$426
29 years$1,858$1,349$962$675$468$381
30 years$1,777$1,274$896$620$423$342
31 years$1,701$1,204$835$569$383$306
32 years$1,630$1,140$779$523$346$274
33 years$1,563$1,079$728$481$313$246
34 years$1,501$1,023$680$443$284$221
35 years$1,442$970$636$407$257$198
36 years$1,387$921$595$375$233$178
37 years$1,334$875$556$346$211$160
38 years$1,285$831$521$319$191$144
39 years$1,238$790$488$294$173$129
40 years$1,194$752$458$271$157$116
41 years$1,151$716$429$250$143$104
42 years$1,111$682$403$231$129$94
43 years$1,073$649$378$213$118$84
44 years$1,037$619$355$197$107$76
45 years$1,003$590$333$182$97$68
46 years$970$563$313$168$88$61
47 years$938$537$294$155$80$55
48 years$908$513$276$143$73$49
49 years$880$490$259$132$66$45
50 years$852$468$244$122$60$40

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $873,000, adding $4,070 every year, while hoping to spend $26,893 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: 56/14/30 Blend
65$873,000$873,000$873,000$873,000
66$966,244$919,975$906,444$1,012,128
67$1,036,187$936,440$908,196$1,060,682
68$1,112,363$952,810$909,105$1,110,444
69$1,195,379$969,053$909,115$1,164,132
70$1,285,904$985,133$908,166$1,222,135
71$1,384,673$1,001,011$906,197$1,284,882
72$1,492,495$1,016,647$903,140$1,352,846
73$1,610,264$1,031,996$898,929$1,426,550
74$1,738,959$1,047,012$893,492$1,506,570
75$1,879,661$1,061,644$886,752$1,593,542
76$2,033,559$1,075,838$878,631$1,688,168
77$2,201,964$1,089,535$869,047$1,791,222
78$2,386,317$1,102,675$857,913$1,903,558
79$2,588,206$1,115,191$845,137$2,026,119
80$2,809,380$1,127,012$830,626$2,159,943
81$3,051,765$1,138,064$814,280$2,306,179
82$3,317,481$1,148,265$795,995$2,466,090
83$3,608,866$1,157,532$775,662$2,641,072
84$3,928,491$1,165,772$753,168$2,832,664
85$4,279,191$1,172,888$728,393$3,042,565
86$4,664,087$1,178,778$701,213$3,272,646
87$5,086,617$1,183,332$671,497$3,524,974
88$5,550,570$1,186,433$639,110$3,801,826
89$6,060,117$1,187,958$603,909$4,105,716
90$6,619,855$1,187,773$565,746$4,439,414
91$7,234,846$1,185,740$524,465$4,805,976
92$7,910,670$1,181,711$479,903$5,208,772
93$8,653,470$1,175,526$431,892$5,651,520
94$9,470,017$1,167,020$380,253$6,138,317
95$10,367,769$1,156,015$324,803$6,673,683
96$11,354,944$1,142,322$265,346$7,262,602
97$12,440,596$1,125,743$201,682$7,910,570
98$13,634,698$1,106,066$133,600$8,623,645
99$14,948,242$1,083,068$60,880$9,408,509
100$16,393,335$1,056,511$0$10,272,529