Can I retire at age 66 with 881,000?

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 $881,000?

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$72,752$72,104$71,472$70,855$70,252$69,927
2 years$36,016$35,345$34,695$34,065$33,453$33,125
3 years$23,772$23,098$22,450$21,826$21,224$20,903
4 years$17,651$16,980$16,338$15,724$15,137$14,826
5 years$13,980$13,312$12,679$12,078$11,507$11,206
6 years$11,533$10,871$10,246$9,659$9,105$8,815
7 years$9,786$9,129$8,515$7,941$7,405$7,126
8 years$8,476$7,825$7,221$6,661$6,143$5,875
9 years$7,458$6,813$6,220$5,674$5,173$4,916
10 years$6,644$6,006$5,422$4,891$4,408$4,162
11 years$5,979$5,346$4,774$4,257$3,791$3,555
12 years$5,424$4,799$4,237$3,734$3,285$3,060
13 years$4,956$4,337$3,785$3,296$2,865$2,650
14 years$4,554$3,942$3,401$2,926$2,511$2,307
15 years$4,207$3,601$3,071$2,610$2,211$2,016
16 years$3,903$3,304$2,784$2,337$1,954$1,769
17 years$3,635$3,043$2,533$2,099$1,733$1,557
18 years$3,398$2,812$2,313$1,892$1,541$1,374
19 years$3,185$2,606$2,117$1,710$1,373$1,215
20 years$2,994$2,421$1,943$1,548$1,227$1,077
21 years$2,822$2,255$1,787$1,405$1,098$956
22 years$2,665$2,105$1,647$1,278$984$850
23 years$2,522$1,969$1,521$1,164$883$757
24 years$2,391$1,845$1,406$1,061$794$675
25 years$2,271$1,731$1,303$969$714$602
26 years$2,161$1,627$1,208$886$643$538
27 years$2,058$1,531$1,122$811$580$481
28 years$1,964$1,443$1,043$743$523$430
29 years$1,875$1,361$971$682$473$385
30 years$1,793$1,286$904$625$427$345
31 years$1,717$1,215$843$574$386$309
32 years$1,645$1,150$786$528$349$277
33 years$1,578$1,089$734$485$316$248
34 years$1,515$1,032$686$447$286$223
35 years$1,455$979$641$411$259$200
36 years$1,399$929$600$379$235$180
37 years$1,346$883$562$349$213$161
38 years$1,296$839$526$322$193$145
39 years$1,249$798$493$297$175$130
40 years$1,204$759$462$274$159$117
41 years$1,162$722$433$252$144$105
42 years$1,122$688$406$233$131$94
43 years$1,083$655$381$215$119$85
44 years$1,047$625$358$199$108$76
45 years$1,012$596$336$183$98$69
46 years$979$568$316$169$89$62
47 years$947$542$296$156$81$56
48 years$917$518$279$145$73$50
49 years$888$494$262$134$66$45
50 years$860$472$246$123$60$40

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $881,000, adding $4,974 every year, while hoping to spend $58,076 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: 59/21/20 Blend
65$881,000$881,000$881,000$881,000
66$975,993$929,300$915,644$1,028,154
67$1,013,752$913,043$884,526$1,047,855
68$1,053,415$894,043$850,419$1,062,559
69$1,095,117$872,105$813,161$1,077,293
70$1,139,001$847,020$772,584$1,092,073
71$1,185,225$818,570$728,512$1,106,914
72$1,233,961$786,523$680,760$1,121,841
73$1,285,395$750,632$629,135$1,136,880
74$1,339,730$710,638$573,436$1,152,066
75$1,397,189$666,266$513,452$1,167,438
76$1,458,014$617,225$448,965$1,183,045
77$1,522,470$563,207$379,744$1,198,944
78$1,590,847$503,889$305,550$1,215,203
79$1,663,460$438,927$226,133$1,231,900
80$1,740,656$367,957$141,231$1,249,126
81$1,822,812$290,596$50,572$1,266,986
82$1,910,344$206,440$0$1,285,602
83$2,003,705$115,061$0$1,314,969
84$2,103,391$16,008$0$1,357,548
85$2,209,947$0$0$1,402,786
86$2,323,971$0$0$1,472,032
87$2,446,116$0$0$1,550,221
88$2,577,100$0$0$1,634,119
89$2,717,712$0$0$1,724,235
90$2,868,815$0$0$1,821,132
91$3,031,358$0$0$1,925,425
92$3,206,383$0$0$2,037,790
93$3,395,035$0$0$2,158,969
94$3,598,569$0$0$2,289,778
95$3,818,367$0$0$2,431,113
96$4,055,945$0$0$2,583,959
97$4,312,972$0$0$2,749,399
98$4,591,281$0$0$2,928,623
99$4,892,886$0$0$3,122,939
100$5,220,003$0$0$3,333,788