Can I retire at age 66 with 885,000?

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 $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%11.8%
1 years$73,082$72,431$71,796$71,176$70,571$70,038
2 years$36,179$35,506$34,853$34,219$33,605$33,068
3 years$23,880$23,203$22,552$21,925$21,321$20,796
4 years$17,732$17,057$16,412$15,796$15,206$14,697
5 years$14,043$13,373$12,736$12,132$11,559$11,069
6 years$11,585$10,920$10,293$9,702$9,147$8,674
7 years$9,830$9,171$8,553$7,977$7,439$6,985
8 years$8,515$7,861$7,254$6,692$6,171$5,736
9 years$7,492$6,844$6,248$5,700$5,197$4,780
10 years$6,674$6,033$5,447$4,913$4,428$4,030
11 years$6,006$5,371$4,795$4,276$3,808$3,428
12 years$5,449$4,820$4,256$3,751$3,300$2,938
13 years$4,978$4,356$3,802$3,311$2,878$2,533
14 years$4,575$3,960$3,416$2,939$2,523$2,194
15 years$4,226$3,617$3,085$2,621$2,221$1,909
16 years$3,921$3,319$2,797$2,347$1,963$1,667
17 years$3,652$3,057$2,545$2,109$1,741$1,460
18 years$3,413$2,824$2,323$1,901$1,548$1,282
19 years$3,200$2,618$2,127$1,717$1,379$1,128
20 years$3,008$2,432$1,952$1,555$1,232$995
21 years$2,834$2,266$1,795$1,412$1,103$879
22 years$2,677$2,115$1,655$1,283$988$777
23 years$2,534$1,978$1,528$1,169$887$688
24 years$2,402$1,853$1,413$1,066$797$610
25 years$2,282$1,739$1,309$974$718$542
26 years$2,170$1,635$1,214$890$646$481
27 years$2,068$1,538$1,127$815$583$428
28 years$1,972$1,450$1,048$747$526$381
29 years$1,884$1,368$975$685$475$339
30 years$1,801$1,291$908$628$429$302
31 years$1,724$1,221$847$577$388$269
32 years$1,652$1,155$790$530$351$240
33 years$1,585$1,094$738$488$318$214
34 years$1,521$1,037$689$449$287$191
35 years$1,462$983$644$413$260$170
36 years$1,406$933$603$380$236$152
37 years$1,353$887$564$351$214$135
38 years$1,302$843$528$323$194$121
39 years$1,255$801$495$298$176$108
40 years$1,210$762$464$275$159$97
41 years$1,167$726$435$253$145$86
42 years$1,127$691$408$234$131$77
43 years$1,088$658$383$216$119$69
44 years$1,052$628$359$199$108$62
45 years$1,017$598$337$184$98$55
46 years$983$571$317$170$89$49
47 years$951$545$298$157$81$44
48 years$921$520$280$145$73$39
49 years$892$497$263$134$67$35
50 years$864$474$247$124$61$31

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $885,000, adding $4,010 every year, while hoping to spend $25,751 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: 64/27/9 Blend
65$885,000$885,000$885,000$885,000
66$979,406$932,501$918,784$1,039,991
67$1,051,907$950,795$922,164$1,099,191
68$1,130,939$969,122$924,795$1,160,437
69$1,217,143$987,457$926,623$1,226,671
70$1,311,221$1,005,772$927,595$1,298,375
71$1,413,948$1,024,037$927,651$1,376,081
72$1,526,176$1,042,220$926,733$1,460,378
73$1,648,843$1,060,286$924,776$1,551,910
74$1,782,983$1,078,198$921,714$1,651,389
75$1,929,733$1,095,915$917,477$1,759,600
76$2,090,345$1,113,394$911,992$1,877,407
77$2,266,199$1,130,589$905,182$2,005,763
78$2,458,813$1,147,450$896,967$2,145,717
79$2,669,859$1,163,922$887,263$2,298,426
80$2,901,180$1,179,950$875,982$2,465,164
81$3,154,805$1,195,471$863,031$2,647,337
82$3,432,966$1,210,421$848,314$2,846,492
83$3,738,126$1,224,728$831,729$3,064,337
84$4,072,994$1,238,320$813,172$3,302,752
85$4,440,557$1,251,115$792,530$3,563,810
86$4,844,102$1,263,028$769,689$3,849,795
87$5,287,254$1,273,970$744,527$4,163,227
88$5,774,002$1,283,843$716,917$4,506,879
89$6,308,744$1,292,544$686,726$4,883,813
90$6,896,321$1,299,964$653,817$5,297,399
91$7,542,070$1,305,986$618,044$5,751,355
92$8,251,868$1,310,487$579,256$6,249,776
93$9,032,192$1,313,334$537,294$6,797,179
94$9,890,176$1,314,388$491,994$7,398,541
95$10,833,680$1,313,499$443,182$8,059,346
96$11,871,365$1,310,510$390,678$8,785,642
97$13,012,772$1,305,253$334,294$9,584,093
98$14,268,415$1,297,550$273,833$10,462,045
99$15,649,875$1,287,213$209,088$11,427,596
100$17,169,917$1,274,040$139,847$12,489,669