Can I retire at age 66 with 885,000?

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 $885,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$73,082$72,431$71,796$71,176$70,571$69,892
2 years$36,179$35,506$34,853$34,219$33,605$32,921
3 years$23,880$23,203$22,552$21,925$21,321$20,653
4 years$17,732$17,057$16,412$15,796$15,206$14,560
5 years$14,043$13,373$12,736$12,132$11,559$10,936
6 years$11,585$10,920$10,293$9,702$9,147$8,548
7 years$9,830$9,171$8,553$7,977$7,439$6,864
8 years$8,515$7,861$7,254$6,692$6,171$5,621
9 years$7,492$6,844$6,248$5,700$5,197$4,670
10 years$6,674$6,033$5,447$4,913$4,428$3,925
11 years$6,006$5,371$4,795$4,276$3,808$3,329
12 years$5,449$4,820$4,256$3,751$3,300$2,844
13 years$4,978$4,356$3,802$3,311$2,878$2,444
14 years$4,575$3,960$3,416$2,939$2,523$2,110
15 years$4,226$3,617$3,085$2,621$2,221$1,830
16 years$3,921$3,319$2,797$2,347$1,963$1,592
17 years$3,652$3,057$2,545$2,109$1,741$1,390
18 years$3,413$2,824$2,323$1,901$1,548$1,216
19 years$3,200$2,618$2,127$1,717$1,379$1,066
20 years$3,008$2,432$1,952$1,555$1,232$937
21 years$2,834$2,266$1,795$1,412$1,103$824
22 years$2,677$2,115$1,655$1,283$988$726
23 years$2,534$1,978$1,528$1,169$887$641
24 years$2,402$1,853$1,413$1,066$797$566
25 years$2,282$1,739$1,309$974$718$501
26 years$2,170$1,635$1,214$890$646$443
27 years$2,068$1,538$1,127$815$583$392
28 years$1,972$1,450$1,048$747$526$347
29 years$1,884$1,368$975$685$475$308
30 years$1,801$1,291$908$628$429$273
31 years$1,724$1,221$847$577$388$242
32 years$1,652$1,155$790$530$351$215
33 years$1,585$1,094$738$488$318$191
34 years$1,521$1,037$689$449$287$170
35 years$1,462$983$644$413$260$151
36 years$1,406$933$603$380$236$134
37 years$1,353$887$564$351$214$119
38 years$1,302$843$528$323$194$106
39 years$1,255$801$495$298$176$94
40 years$1,210$762$464$275$159$84
41 years$1,167$726$435$253$145$75
42 years$1,127$691$408$234$131$66
43 years$1,088$658$383$216$119$59
44 years$1,052$628$359$199$108$53
45 years$1,017$598$337$184$98$47
46 years$983$571$317$170$89$42
47 years$951$545$298$157$81$37
48 years$921$520$280$145$73$33
49 years$892$497$263$134$67$29
50 years$864$474$247$124$61$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $885,000, adding $4,688 every year, while hoping to spend $36,160 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: 63/10/27 Blend
65$885,000$885,000$885,000$885,000
66$980,106$933,201$919,483$1,034,540
67$1,041,602$940,454$911,812$1,079,242
68$1,108,160$946,850$902,672$1,123,665
69$1,180,256$952,310$891,975$1,171,405
70$1,258,417$956,747$879,631$1,222,790
71$1,343,220$960,072$865,543$1,278,187
72$1,435,301$962,188$849,611$1,337,999
73$1,535,359$962,993$831,730$1,402,671
74$1,644,163$962,377$811,791$1,472,694
75$1,762,559$960,225$789,677$1,548,613
76$1,891,478$956,414$765,270$1,631,028
77$2,031,945$950,815$738,443$1,720,601
78$2,185,088$943,288$709,064$1,818,063
79$2,352,145$933,688$676,997$1,924,222
80$2,534,485$921,860$642,097$2,039,971
81$2,733,609$907,638$604,214$2,166,294
82$2,951,173$890,848$563,191$2,304,278
83$3,188,999$871,306$518,864$2,455,123
84$3,449,093$848,815$471,062$2,620,153
85$3,733,663$823,170$419,604$2,800,830
86$4,045,140$794,149$364,305$2,998,767
87$4,386,204$761,522$304,969$3,215,745
88$4,759,803$725,043$241,392$3,453,728
89$5,169,185$684,451$173,360$3,714,885
90$5,617,925$639,473$100,651$4,001,608
91$6,109,964$589,818$23,034$4,316,537
92$6,649,640$535,178$0$4,662,584
93$7,241,731$475,230$0$5,060,189
94$7,891,501$409,630$0$5,503,872
95$8,604,748$338,015$0$5,990,976
96$9,387,857$260,003$0$6,525,894
97$10,247,865$175,190$0$7,113,467
98$11,192,521$83,147$0$7,759,032
99$12,230,361$0$0$8,468,465
100$13,370,792$0$0$9,250,072