Can I retire at age 66 with 874,000?

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 $874,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$72,174$71,531$70,904$70,292$69,694$68,203
2 years$35,730$35,064$34,419$33,794$33,188$31,693
3 years$23,583$22,915$22,272$21,652$21,056$19,604
4 years$17,511$16,845$16,208$15,599$15,017$13,619
5 years$13,869$13,207$12,578$11,982$11,416$10,076
6 years$11,441$10,784$10,165$9,582$9,033$7,752
7 years$9,708$9,057$8,447$7,878$7,346$6,125
8 years$8,409$7,763$7,164$6,608$6,094$4,932
9 years$7,399$6,759$6,170$5,629$5,132$4,029
10 years$6,591$5,958$5,379$4,852$4,373$3,326
11 years$5,931$5,304$4,736$4,223$3,761$2,770
12 years$5,381$4,761$4,203$3,704$3,259$2,323
13 years$4,916$4,302$3,755$3,270$2,842$1,958
14 years$4,518$3,911$3,374$2,903$2,491$1,659
15 years$4,174$3,572$3,046$2,589$2,194$1,410
16 years$3,872$3,278$2,762$2,318$1,939$1,202
17 years$3,607$3,019$2,513$2,083$1,719$1,028
18 years$3,371$2,789$2,294$1,877$1,528$881
19 years$3,160$2,585$2,100$1,696$1,362$756
20 years$2,970$2,402$1,927$1,536$1,217$650
21 years$2,799$2,238$1,773$1,394$1,089$560
22 years$2,644$2,089$1,634$1,268$976$482
23 years$2,502$1,953$1,509$1,154$876$416
24 years$2,372$1,830$1,395$1,053$788$359
25 years$2,253$1,718$1,292$962$709$311
26 years$2,144$1,614$1,199$879$638$269
27 years$2,042$1,519$1,113$805$576$232
28 years$1,948$1,432$1,035$737$519$201
29 years$1,861$1,351$963$676$469$174
30 years$1,779$1,275$897$620$424$151
31 years$1,703$1,206$836$570$383$131
32 years$1,632$1,141$780$524$346$113
33 years$1,565$1,080$728$482$314$98
34 years$1,503$1,024$681$443$284$85
35 years$1,444$971$636$408$257$74
36 years$1,388$922$595$376$233$64
37 years$1,336$876$557$346$211$55
38 years$1,286$832$522$319$191$48
39 years$1,239$791$489$294$174$42
40 years$1,195$753$458$271$157$36
41 years$1,153$717$430$250$143$31
42 years$1,113$682$403$231$130$27
43 years$1,075$650$378$213$118$24
44 years$1,038$620$355$197$107$21
45 years$1,004$591$333$182$97$18
46 years$971$564$313$168$88$15
47 years$940$538$294$155$80$13
48 years$910$514$276$143$73$12
49 years$881$490$260$133$66$10
50 years$853$469$244$123$60$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $874,000, adding $5,667 every year, while hoping to spend $20,741 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: 45/29/26 Blend
65$874,000$874,000$874,000$874,000
66$968,994$922,672$909,125$1,005,098
67$1,045,763$945,814$917,512$1,054,383
68$1,129,667$969,396$925,485$1,105,355
69$1,221,413$993,416$933,008$1,160,230
70$1,321,777$1,017,873$940,044$1,219,382
71$1,431,615$1,042,766$946,553$1,283,225
72$1,551,869$1,068,091$952,492$1,352,214
73$1,683,578$1,093,846$957,819$1,426,850
74$1,827,884$1,120,025$962,487$1,507,687
75$1,986,046$1,146,624$966,447$1,595,335
76$2,159,449$1,173,634$969,650$1,690,464
77$2,349,620$1,201,050$972,040$1,793,816
78$2,558,240$1,228,861$973,563$1,906,205
79$2,787,163$1,257,057$974,159$2,028,533
80$3,038,426$1,285,625$973,766$2,161,789
81$3,314,278$1,314,554$972,320$2,307,068
82$3,617,194$1,343,827$969,753$2,465,573
83$3,949,901$1,373,427$965,992$2,638,632
84$4,315,402$1,403,336$960,964$2,827,710
85$4,717,006$1,433,532$954,589$3,034,420
86$5,158,359$1,463,994$946,786$3,260,540
87$5,643,476$1,494,694$937,468$3,508,032
88$6,176,784$1,525,607$926,546$3,779,057
89$6,763,155$1,556,701$913,925$4,075,998
90$7,407,960$1,587,943$899,505$4,401,481
91$8,117,118$1,619,298$883,184$4,758,403
92$8,897,146$1,650,725$864,852$5,149,954
93$9,755,227$1,682,183$844,398$5,579,654
94$10,699,276$1,713,626$821,701$6,051,381
95$11,738,011$1,745,003$796,637$6,569,411
96$12,881,042$1,776,261$769,077$7,138,457
97$14,138,952$1,807,342$738,886$7,763,715
98$15,523,407$1,838,184$705,920$8,450,911
99$17,047,258$1,868,718$670,032$9,206,359
100$18,724,666$1,898,873$631,066$10,037,018