Can I retire at age 66 with 886,000?

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 $886,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$73,165$72,513$71,877$71,257$70,651$70,030
2 years$36,220$35,546$34,892$34,258$33,643$33,017
3 years$23,907$23,230$22,577$21,950$21,345$20,733
4 years$17,752$17,076$16,431$15,813$15,223$14,631
5 years$14,059$13,388$12,751$12,146$11,572$11,001
6 years$11,599$10,932$10,305$9,713$9,157$8,608
7 years$9,842$9,181$8,563$7,986$7,447$6,920
8 years$8,524$7,870$7,262$6,699$6,178$5,673
9 years$7,501$6,852$6,255$5,706$5,203$4,720
10 years$6,682$6,040$5,453$4,919$4,433$3,971
11 years$6,013$5,377$4,801$4,281$3,813$3,372
12 years$5,455$4,826$4,261$3,755$3,304$2,884
13 years$4,984$4,361$3,807$3,315$2,881$2,482
14 years$4,580$3,964$3,420$2,943$2,526$2,146
15 years$4,231$3,621$3,088$2,624$2,224$1,863
16 years$3,925$3,323$2,800$2,350$1,965$1,624
17 years$3,656$3,060$2,548$2,111$1,743$1,419
18 years$3,417$2,828$2,326$1,903$1,549$1,243
19 years$3,203$2,621$2,129$1,719$1,381$1,092
20 years$3,011$2,435$1,954$1,557$1,234$961
21 years$2,838$2,268$1,797$1,413$1,104$847
22 years$2,680$2,117$1,656$1,285$989$747
23 years$2,536$1,980$1,529$1,170$888$660
24 years$2,405$1,855$1,414$1,067$798$584
25 years$2,284$1,741$1,310$975$718$517
26 years$2,173$1,636$1,215$891$647$458
27 years$2,070$1,540$1,128$816$583$407
28 years$1,975$1,451$1,049$747$526$361
29 years$1,886$1,369$976$685$475$320
30 years$1,804$1,293$909$629$430$285
31 years$1,726$1,222$848$578$388$253
32 years$1,654$1,156$791$531$351$225
33 years$1,587$1,095$738$488$318$200
34 years$1,523$1,038$690$449$288$178
35 years$1,463$985$645$414$261$158
36 years$1,407$934$603$381$236$141
37 years$1,354$888$565$351$214$126
38 years$1,304$843$529$323$194$112
39 years$1,256$802$496$298$176$100
40 years$1,211$763$464$275$160$89
41 years$1,169$726$435$254$145$79
42 years$1,128$692$409$234$131$71
43 years$1,089$659$383$216$119$63
44 years$1,053$628$360$200$108$56
45 years$1,018$599$338$184$98$50
46 years$984$572$317$170$89$45
47 years$952$545$298$157$81$40
48 years$922$521$280$145$74$35
49 years$893$497$263$134$67$32
50 years$865$475$248$124$61$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $886,000, adding $3,645 every year, while hoping to spend $20,546 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: 58/20/22 Blend
65$886,000$886,000$886,000$886,000
66$980,132$933,174$919,441$1,031,007
67$1,058,244$957,039$928,381$1,089,929
68$1,143,636$981,384$936,933$1,151,612
69$1,237,027$1,006,212$945,060$1,218,415
70$1,339,212$1,031,524$952,727$1,290,837
71$1,451,063$1,057,321$959,896$1,369,428
72$1,573,544$1,083,602$966,524$1,454,793
73$1,707,713$1,110,366$972,571$1,547,600
74$1,854,739$1,137,613$977,991$1,648,585
75$2,015,905$1,165,339$982,737$1,758,558
76$2,192,628$1,193,541$986,759$1,878,411
77$2,386,467$1,222,215$990,006$2,009,128
78$2,599,137$1,251,355$992,422$2,151,793
79$2,832,532$1,280,954$993,951$2,307,601
80$3,088,734$1,311,004$994,532$2,477,868
81$3,370,038$1,341,497$994,102$2,664,044
82$3,678,972$1,372,420$992,594$2,867,728
83$4,018,320$1,403,762$989,940$3,090,682
84$4,391,151$1,435,509$986,065$3,334,847
85$4,800,845$1,467,644$980,894$3,602,362
86$5,251,123$1,500,151$974,346$3,895,585
87$5,746,088$1,533,010$966,338$4,217,114
88$6,290,260$1,566,198$956,780$4,569,814
89$6,888,616$1,599,691$945,582$4,956,841
90$7,546,642$1,633,463$932,647$5,381,674
91$8,270,382$1,667,485$917,872$5,848,145
92$9,066,494$1,701,724$901,154$6,360,480
93$9,942,313$1,736,146$882,379$6,923,336
94$10,905,924$1,770,712$861,434$7,541,845
95$11,966,232$1,805,381$838,196$8,221,663
96$13,133,051$1,840,108$812,539$8,969,024
97$14,417,192$1,874,843$784,329$9,790,799
98$15,830,570$1,909,535$753,428$10,694,559
99$17,386,312$1,944,125$719,691$11,688,650
100$19,098,881$1,978,553$682,966$12,782,271