Can I retire at age 66 with 878,000?

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 $878,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$72,504$71,859$71,228$70,613$70,013$69,195
2 years$35,893$35,225$34,577$33,949$33,340$32,517
3 years$23,691$23,020$22,374$21,751$21,152$20,349
4 years$17,591$16,922$16,282$15,671$15,086$14,309
5 years$13,932$13,267$12,636$12,037$11,468$10,720
6 years$11,494$10,834$10,212$9,626$9,074$8,356
7 years$9,753$9,098$8,486$7,914$7,380$6,692
8 years$8,447$7,799$7,197$6,639$6,122$5,464
9 years$7,433$6,790$6,198$5,655$5,156$4,527
10 years$6,622$5,985$5,404$4,874$4,393$3,793
11 years$5,958$5,328$4,758$4,242$3,778$3,207
12 years$5,406$4,782$4,222$3,721$3,274$2,731
13 years$4,939$4,322$3,772$3,285$2,855$2,339
14 years$4,539$3,928$3,389$2,916$2,503$2,013
15 years$4,193$3,589$3,060$2,601$2,204$1,740
16 years$3,890$3,293$2,775$2,329$1,948$1,509
17 years$3,623$3,032$2,525$2,092$1,727$1,312
18 years$3,386$2,802$2,305$1,886$1,535$1,144
19 years$3,174$2,597$2,110$1,704$1,369$1,000
20 years$2,984$2,413$1,936$1,543$1,222$875
21 years$2,812$2,248$1,781$1,400$1,094$767
22 years$2,656$2,098$1,642$1,273$981$673
23 years$2,514$1,962$1,516$1,160$880$592
24 years$2,383$1,839$1,402$1,058$791$521
25 years$2,264$1,725$1,298$966$712$459
26 years$2,153$1,622$1,204$883$641$404
27 years$2,051$1,526$1,118$808$578$357
28 years$1,957$1,438$1,039$741$522$315
29 years$1,869$1,357$967$679$471$278
30 years$1,787$1,281$901$623$426$245
31 years$1,711$1,211$840$572$385$217
32 years$1,639$1,146$784$526$348$192
33 years$1,572$1,085$732$484$315$170
34 years$1,509$1,029$684$445$285$150
35 years$1,450$976$639$410$258$133
36 years$1,394$926$598$377$234$117
37 years$1,342$880$560$348$212$104
38 years$1,292$836$524$321$192$92
39 years$1,245$795$491$296$174$82
40 years$1,200$756$460$273$158$72
41 years$1,158$720$432$251$144$64
42 years$1,118$686$405$232$130$57
43 years$1,080$653$380$214$118$50
44 years$1,043$623$357$198$107$44
45 years$1,009$594$335$183$97$39
46 years$975$566$314$169$88$35
47 years$944$541$295$156$80$31
48 years$914$516$278$144$73$27
49 years$885$493$261$133$66$24
50 years$857$471$245$123$60$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $878,000, adding $4,894 every year, while hoping to spend $30,758 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: 75/8/17 Blend
65$878,000$878,000$878,000$878,000
66$972,604$926,070$912,461$1,041,453
67$1,039,084$938,721$910,302$1,100,334
68$1,111,313$950,962$907,040$1,160,574
69$1,189,846$962,738$902,606$1,225,783
70$1,275,293$973,995$896,926$1,296,446
71$1,368,324$984,672$889,924$1,373,099
72$1,469,678$994,705$881,521$1,456,334
73$1,580,165$1,004,026$871,632$1,546,800
74$1,700,681$1,012,562$860,170$1,645,216
75$1,832,208$1,020,235$847,044$1,752,371
76$1,975,830$1,026,964$832,157$1,869,138
77$2,132,739$1,032,659$815,408$1,996,475
78$2,304,246$1,037,227$796,692$2,135,442
79$2,491,798$1,040,570$775,899$2,287,206
80$2,696,983$1,042,580$752,915$2,453,051
81$2,921,555$1,043,146$727,617$2,634,396
82$3,167,442$1,042,149$699,880$2,832,801
83$3,436,768$1,039,461$669,573$3,049,990
84$3,731,872$1,034,948$636,557$3,287,860
85$4,055,330$1,028,467$600,689$3,548,503
86$4,409,979$1,019,868$561,818$3,834,224
87$4,798,944$1,008,988$519,786$4,147,566
88$5,225,667$995,659$474,429$4,491,330
89$5,693,938$979,699$425,575$4,868,603
90$6,207,933$960,918$373,045$5,282,790
91$6,772,252$939,113$316,652$5,737,643
92$7,391,961$914,069$256,200$6,237,297
93$8,072,643$885,560$191,483$6,786,310
94$8,820,445$853,344$122,290$7,389,707
95$9,642,141$817,169$48,398$8,053,025
96$10,545,193$776,764$0$8,782,370
97$11,537,823$731,846$0$9,589,994
98$12,629,087$682,112$0$10,487,515
99$13,828,963$627,246$0$11,474,368
100$15,148,446$566,909$0$12,559,608