Can I retire at age 66 with 877,000?

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 $877,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.6%
1 years$72,422$71,777$71,147$70,533$69,933$68,326
2 years$35,852$35,185$34,538$33,910$33,302$31,691
3 years$23,664$22,994$22,348$21,727$21,128$19,565
4 years$17,571$16,903$16,264$15,653$15,069$13,564
5 years$13,916$13,252$12,621$12,023$11,455$10,014
6 years$11,481$10,821$10,200$9,615$9,064$7,688
7 years$9,742$9,088$8,476$7,905$7,371$6,061
8 years$8,438$7,790$7,188$6,631$6,115$4,869
9 years$7,424$6,782$6,191$5,648$5,150$3,967
10 years$6,614$5,978$5,398$4,869$4,388$3,268
11 years$5,951$5,322$4,752$4,237$3,774$2,715
12 years$5,400$4,777$4,217$3,717$3,270$2,270
13 years$4,933$4,317$3,768$3,281$2,852$1,909
14 years$4,534$3,924$3,386$2,913$2,500$1,612
15 years$4,188$3,585$3,057$2,598$2,201$1,367
16 years$3,885$3,289$2,771$2,326$1,945$1,162
17 years$3,619$3,029$2,522$2,090$1,725$991
18 years$3,382$2,799$2,302$1,883$1,534$847
19 years$3,171$2,594$2,107$1,702$1,367$725
20 years$2,981$2,410$1,934$1,541$1,221$621
21 years$2,809$2,245$1,779$1,399$1,093$533
22 years$2,653$2,096$1,640$1,272$979$458
23 years$2,511$1,960$1,514$1,158$879$394
24 years$2,381$1,837$1,400$1,056$790$339
25 years$2,261$1,724$1,297$965$711$292
26 years$2,151$1,620$1,203$882$641$252
27 years$2,049$1,524$1,117$807$577$217
28 years$1,955$1,436$1,038$740$521$187
29 years$1,867$1,355$966$678$471$162
30 years$1,785$1,280$900$623$425$140
31 years$1,709$1,210$839$572$384$120
32 years$1,638$1,145$783$526$348$104
33 years$1,571$1,084$731$483$315$90
34 years$1,508$1,027$683$445$285$78
35 years$1,449$975$638$409$258$67
36 years$1,393$925$597$377$234$58
37 years$1,340$879$559$347$212$50
38 years$1,291$835$524$320$192$43
39 years$1,244$794$490$295$174$37
40 years$1,199$755$460$272$158$32
41 years$1,157$719$431$251$143$28
42 years$1,117$685$404$232$130$24
43 years$1,078$652$379$214$118$21
44 years$1,042$622$356$198$107$18
45 years$1,007$593$334$182$97$16
46 years$974$566$314$169$88$14
47 years$943$540$295$156$80$12
48 years$913$515$277$144$73$10
49 years$884$492$261$133$66$9
50 years$856$470$245$123$60$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $877,000, adding $3,319 every year, while hoping to spend $38,350 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: 66/20/14 Blend
65$877,000$877,000$877,000$877,000
66$969,878$923,397$909,803$1,030,499
67$1,028,001$927,839$899,477$1,075,830
68$1,090,768$931,214$887,520$1,120,564
69$1,158,611$933,428$873,837$1,168,501
70$1,232,006$934,383$858,328$1,219,951
71$1,311,477$933,974$840,888$1,275,259
72$1,397,599$932,090$821,409$1,334,802
73$1,491,005$928,613$799,777$1,399,001
74$1,592,390$923,418$775,872$1,468,318
75$1,702,519$916,370$749,569$1,543,264
76$1,822,234$907,330$720,738$1,624,402
77$1,952,460$896,149$689,241$1,712,354
78$2,094,218$882,666$654,937$1,807,808
79$2,248,626$866,715$617,675$1,911,522
80$2,416,919$848,117$577,301$2,024,334
81$2,600,455$826,685$533,650$2,147,168
82$2,800,727$802,218$486,553$2,281,045
83$3,019,380$774,505$435,832$2,427,090
84$3,258,224$743,324$381,300$2,586,547
85$3,519,253$708,437$322,763$2,760,788
86$3,804,661$669,594$260,020$2,951,327
87$4,116,863$626,531$192,857$3,159,835
88$4,458,520$578,968$121,055$3,388,156
89$4,832,560$526,609$44,382$3,638,326
90$5,242,210$469,141$0$3,912,591
91$5,691,021$406,235$0$4,219,020
92$6,182,905$337,540$0$4,562,195
93$6,722,170$262,688$0$4,938,534
94$7,313,562$181,290$0$5,351,407
95$7,962,305$92,934$0$5,804,527
96$8,674,158$0$0$6,301,991
97$9,455,460$0$0$6,848,933
98$10,313,196$0$0$7,471,893
99$11,255,059$0$0$8,156,012
100$12,289,525$0$0$8,907,454