Can I retire at age 66 with 876,000?

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 $876,000?

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$72,339$71,695$71,066$70,453$69,853$69,182
2 years$35,812$35,145$34,498$33,871$33,264$32,587
3 years$23,637$22,967$22,323$21,702$21,104$20,443
4 years$17,551$16,883$16,245$15,635$15,051$14,412
5 years$13,901$13,237$12,607$12,009$11,442$10,825
6 years$11,468$10,809$10,188$9,604$9,054$8,461
7 years$9,730$9,077$8,466$7,896$7,363$6,794
8 years$8,428$7,781$7,180$6,624$6,108$5,563
9 years$7,416$6,775$6,184$5,642$5,144$4,623
10 years$6,606$5,972$5,392$4,863$4,383$3,885
11 years$5,945$5,316$4,747$4,233$3,770$3,295
12 years$5,394$4,771$4,213$3,713$3,267$2,815
13 years$4,928$4,312$3,764$3,278$2,849$2,419
14 years$4,529$3,919$3,382$2,909$2,497$2,089
15 years$4,183$3,581$3,053$2,595$2,199$1,811
16 years$3,881$3,285$2,768$2,323$1,943$1,576
17 years$3,615$3,025$2,519$2,087$1,723$1,376
18 years$3,378$2,796$2,299$1,881$1,532$1,204
19 years$3,167$2,591$2,105$1,700$1,365$1,056
20 years$2,977$2,408$1,932$1,540$1,220$927
21 years$2,806$2,243$1,777$1,397$1,091$816
22 years$2,650$2,093$1,638$1,270$978$719
23 years$2,508$1,958$1,512$1,157$878$634
24 years$2,378$1,834$1,399$1,055$789$560
25 years$2,258$1,722$1,295$964$710$495
26 years$2,148$1,618$1,201$881$640$438
27 years$2,047$1,523$1,116$807$577$388
28 years$1,952$1,435$1,037$739$520$344
29 years$1,865$1,354$965$678$470$305
30 years$1,783$1,278$899$622$425$270
31 years$1,707$1,208$838$571$384$240
32 years$1,636$1,143$782$525$347$213
33 years$1,569$1,083$730$483$314$189
34 years$1,506$1,026$682$444$285$168
35 years$1,447$973$638$409$258$149
36 years$1,391$924$597$377$234$133
37 years$1,339$878$558$347$212$118
38 years$1,289$834$523$320$192$105
39 years$1,242$793$490$295$174$93
40 years$1,198$754$459$272$158$83
41 years$1,155$718$431$251$143$74
42 years$1,115$684$404$232$130$66
43 years$1,077$652$379$214$118$58
44 years$1,041$621$356$197$107$52
45 years$1,006$592$334$182$97$46
46 years$973$565$314$168$88$41
47 years$942$539$295$156$80$37
48 years$912$515$277$144$73$33
49 years$883$492$260$133$66$29
50 years$855$470$245$123$60$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $876,000, adding $6,677 every year, while hoping to spend $57,554 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: 32/46/22 Blend
65$876,000$876,000$876,000$876,000
66$972,239$925,811$912,233$996,575
67$1,010,171$909,939$881,556$999,578
68$1,050,042$891,360$847,922$997,147
69$1,091,991$869,881$811,172$993,344
70$1,136,166$845,297$771,138$988,085
71$1,182,729$817,392$727,646$981,283
72$1,231,859$785,935$680,513$972,849
73$1,283,747$750,684$629,549$962,690
74$1,338,604$711,383$574,554$950,712
75$1,396,660$667,759$515,320$936,816
76$1,458,166$619,525$451,629$920,904
77$1,523,395$566,378$383,255$902,874
78$1,592,647$507,997$309,960$882,623
79$1,666,250$444,041$231,496$860,047
80$1,744,561$374,153$147,605$835,039
81$1,827,974$297,953$58,017$807,496
82$1,916,916$215,042$0$777,309
83$2,011,859$124,997$0$753,200
84$2,113,318$27,371$0$741,348
85$2,221,858$0$0$728,091
86$2,338,098$0$0$753,045
87$2,462,716$0$0$794,739
88$2,596,459$0$0$839,580
89$2,740,144$0$0$887,854
90$2,894,669$0$0$939,875
91$3,061,018$0$0$995,988
92$3,240,275$0$0$1,056,573
93$3,433,627$0$0$1,122,045
94$3,642,381$0$0$1,192,863
95$3,867,971$0$0$1,269,530
96$4,111,975$0$0$1,352,600
97$4,376,125$0$0$1,442,680
98$4,662,328$0$0$1,540,441
99$4,972,678$0$0$1,646,616
100$5,309,479$0$0$1,762,017