Can I retire at age 66 with 882,000?

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 $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%13.3%
1 years$72,835$72,186$71,553$70,935$70,332$69,367
2 years$36,057$35,385$34,734$34,103$33,491$32,521
3 years$23,799$23,125$22,475$21,850$21,248$20,302
4 years$17,671$16,999$16,356$15,742$15,154$14,240
5 years$13,996$13,327$12,693$12,091$11,520$10,641
6 years$11,546$10,883$10,258$9,670$9,116$8,272
7 years$9,797$9,139$8,524$7,950$7,413$6,606
8 years$8,486$7,834$7,229$6,669$6,150$5,378
9 years$7,467$6,821$6,227$5,680$5,179$4,443
10 years$6,652$6,012$5,429$4,897$4,413$3,711
11 years$5,985$5,353$4,779$4,262$3,795$3,128
12 years$5,431$4,804$4,241$3,738$3,289$2,655
13 years$4,961$4,342$3,789$3,300$2,868$2,267
14 years$4,560$3,946$3,405$2,929$2,514$1,945
15 years$4,212$3,605$3,074$2,613$2,214$1,675
16 years$3,908$3,308$2,787$2,339$1,956$1,448
17 years$3,640$3,046$2,536$2,102$1,735$1,254
18 years$3,402$2,815$2,315$1,894$1,542$1,090
19 years$3,189$2,609$2,119$1,711$1,375$949
20 years$2,998$2,424$1,945$1,550$1,228$827
21 years$2,825$2,258$1,789$1,407$1,099$723
22 years$2,668$2,108$1,649$1,279$985$632
23 years$2,525$1,971$1,523$1,165$884$553
24 years$2,394$1,847$1,408$1,062$795$485
25 years$2,274$1,733$1,304$970$715$425
26 years$2,163$1,629$1,210$887$644$373
27 years$2,061$1,533$1,123$812$581$328
28 years$1,966$1,445$1,044$744$524$288
29 years$1,878$1,363$972$682$473$254
30 years$1,795$1,287$905$626$428$223
31 years$1,719$1,217$844$575$387$196
32 years$1,647$1,151$787$529$350$173
33 years$1,580$1,090$735$486$316$152
34 years$1,516$1,033$687$447$287$134
35 years$1,457$980$642$412$260$118
36 years$1,401$930$601$379$235$104
37 years$1,348$884$562$349$213$92
38 years$1,298$840$526$322$193$81
39 years$1,251$798$493$297$175$71
40 years$1,206$760$462$274$159$63
41 years$1,163$723$434$253$144$55
42 years$1,123$689$407$233$131$49
43 years$1,085$656$382$215$119$43
44 years$1,048$625$358$199$108$38
45 years$1,013$596$336$184$98$34
46 years$980$569$316$170$89$30
47 years$948$543$297$157$81$26
48 years$918$518$279$145$73$23
49 years$889$495$262$134$67$20
50 years$861$473$246$124$60$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $882,000, adding $5,667 every year, while hoping to spend $34,494 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: 29/49/22 Blend
65$882,000$882,000$882,000$882,000
66$977,810$931,064$917,393$999,296
67$1,040,845$939,984$911,424$1,025,262
68$1,109,153$948,186$904,099$1,049,713
69$1,183,237$955,597$895,336$1,075,279
70$1,263,647$962,141$885,050$1,102,076
71$1,350,991$967,738$873,151$1,130,237
72$1,445,934$972,299$859,543$1,159,910
73$1,549,212$975,734$844,130$1,191,259
74$1,661,631$977,945$826,809$1,224,469
75$1,784,081$978,828$807,470$1,259,745
76$1,917,539$978,272$786,002$1,297,319
77$2,063,081$976,161$762,287$1,337,448
78$2,221,892$972,369$736,200$1,380,417
79$2,395,276$966,766$707,614$1,426,546
80$2,584,668$959,211$676,392$1,476,192
81$2,791,647$949,556$642,395$1,529,751
82$3,017,954$937,643$605,474$1,587,665
83$3,265,503$923,305$565,475$1,650,424
84$3,536,403$906,366$522,237$1,718,576
85$3,832,976$886,638$475,592$1,792,729
86$4,157,779$863,923$425,364$1,873,556
87$4,513,628$838,011$371,369$1,961,810
88$4,903,624$808,679$313,416$2,058,322
89$5,331,183$775,693$251,304$2,164,019
90$5,800,065$738,803$184,824$2,279,926
91$6,314,413$697,747$113,758$2,407,184
92$6,878,792$652,245$37,877$2,547,055
93$7,498,226$602,003$0$2,700,940
94$8,178,254$546,709$0$2,880,511
95$8,924,974$486,036$0$3,087,516
96$9,745,104$419,635$0$3,315,024
97$10,646,046$347,137$0$3,565,209
98$11,635,952$268,157$0$3,840,479
99$12,723,805$182,282$0$4,143,491
100$13,919,499$89,081$0$4,477,186