Can I retire at age 66 with 882,000?

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 $882,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$72,835$72,186$71,553$70,935$70,332$69,424
2 years$36,057$35,385$34,734$34,103$33,491$32,578
3 years$23,799$23,125$22,475$21,850$21,248$20,358
4 years$17,671$16,999$16,356$15,742$15,154$14,294
5 years$13,996$13,327$12,693$12,091$11,520$10,692
6 years$11,546$10,883$10,258$9,670$9,116$8,321
7 years$9,797$9,139$8,524$7,950$7,413$6,652
8 years$8,486$7,834$7,229$6,669$6,150$5,422
9 years$7,467$6,821$6,227$5,680$5,179$4,484
10 years$6,652$6,012$5,429$4,897$4,413$3,751
11 years$5,985$5,353$4,779$4,262$3,795$3,165
12 years$5,431$4,804$4,241$3,738$3,289$2,690
13 years$4,961$4,342$3,789$3,300$2,868$2,300
14 years$4,560$3,946$3,405$2,929$2,514$1,975
15 years$4,212$3,605$3,074$2,613$2,214$1,704
16 years$3,908$3,308$2,787$2,339$1,956$1,474
17 years$3,640$3,046$2,536$2,102$1,735$1,280
18 years$3,402$2,815$2,315$1,894$1,542$1,113
19 years$3,189$2,609$2,119$1,711$1,375$971
20 years$2,998$2,424$1,945$1,550$1,228$848
21 years$2,825$2,258$1,789$1,407$1,099$741
22 years$2,668$2,108$1,649$1,279$985$649
23 years$2,525$1,971$1,523$1,165$884$570
24 years$2,394$1,847$1,408$1,062$795$500
25 years$2,274$1,733$1,304$970$715$439
26 years$2,163$1,629$1,210$887$644$386
27 years$2,061$1,533$1,123$812$581$340
28 years$1,966$1,445$1,044$744$524$299
29 years$1,878$1,363$972$682$473$263
30 years$1,795$1,287$905$626$428$232
31 years$1,719$1,217$844$575$387$205
32 years$1,647$1,151$787$529$350$181
33 years$1,580$1,090$735$486$316$159
34 years$1,516$1,033$687$447$287$141
35 years$1,457$980$642$412$260$124
36 years$1,401$930$601$379$235$109
37 years$1,348$884$562$349$213$97
38 years$1,298$840$526$322$193$85
39 years$1,251$798$493$297$175$75
40 years$1,206$760$462$274$159$67
41 years$1,163$723$434$253$144$59
42 years$1,123$689$407$233$131$52
43 years$1,085$656$382$215$119$46
44 years$1,048$625$358$199$108$41
45 years$1,013$596$336$184$98$36
46 years$980$569$316$170$89$32
47 years$948$543$297$157$81$28
48 years$918$518$279$145$73$25
49 years$889$495$262$134$67$22
50 years$861$473$246$124$60$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $882,000, adding $6,430 every year, while hoping to spend $32,037 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: 71/19/10 Blend
65$882,000$882,000$882,000$882,000
66$978,597$931,851$918,180$1,045,730
67$1,044,326$943,424$914,851$1,102,586
68$1,115,687$954,491$910,338$1,160,250
69$1,193,218$964,993$904,566$1,222,503
70$1,277,516$974,866$897,458$1,289,790
71$1,369,233$984,046$888,934$1,362,600
72$1,469,090$992,459$878,908$1,441,474
73$1,577,878$1,000,031$867,293$1,527,008
74$1,696,470$1,006,680$853,995$1,619,857
75$1,825,823$1,012,321$838,917$1,720,745
76$1,966,995$1,016,863$821,959$1,830,471
77$2,121,147$1,020,207$803,013$1,949,911
78$2,289,558$1,022,251$781,968$2,080,036
79$2,473,637$1,022,885$758,707$2,221,914
80$2,674,933$1,021,993$733,110$2,376,722
81$2,895,156$1,019,449$705,048$2,545,758
82$3,136,183$1,015,124$674,389$2,730,452
83$3,400,085$1,008,876$640,992$2,932,384
84$3,689,142$1,000,559$604,713$3,153,290
85$4,005,863$990,015$565,400$3,395,090
86$4,353,013$977,078$522,893$3,659,895
87$4,733,637$961,572$477,027$3,950,037
88$5,151,088$943,309$427,627$4,268,083
89$5,609,060$922,092$374,514$4,616,867
90$6,111,620$897,711$317,496$4,999,508
91$6,663,251$869,943$256,377$5,419,451
92$7,268,887$838,555$190,951$5,880,487
93$7,933,967$803,298$121,001$6,386,801
94$8,664,480$763,908$46,303$6,943,002
95$9,467,024$720,107$0$7,554,175
96$10,348,870$671,601$0$8,229,489
97$11,318,024$618,079$0$8,977,059
98$12,383,309$559,212$0$9,798,777
99$13,554,445$494,652$0$10,702,178
100$14,842,141$424,032$0$11,695,568