Can I retire at age 66 with 887,000?

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 $887,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$73,248$72,595$71,959$71,337$70,731$70,344
2 years$36,261$35,586$34,931$34,297$33,681$33,291
3 years$23,934$23,256$22,603$21,974$21,369$20,987
4 years$17,772$17,095$16,449$15,831$15,240$14,870
5 years$14,075$13,403$12,765$12,160$11,585$11,228
6 years$11,612$10,945$10,316$9,724$9,167$8,823
7 years$9,853$9,191$8,573$7,995$7,455$7,124
8 years$8,534$7,879$7,270$6,707$6,185$5,867
9 years$7,509$6,860$6,262$5,713$5,209$4,904
10 years$6,689$6,047$5,459$4,924$4,438$4,146
11 years$6,019$5,383$4,806$4,286$3,817$3,538
12 years$5,461$4,831$4,265$3,759$3,308$3,041
13 years$4,990$4,366$3,811$3,319$2,884$2,630
14 years$4,585$3,969$3,424$2,946$2,528$2,286
15 years$4,236$3,625$3,092$2,627$2,226$1,996
16 years$3,930$3,326$2,803$2,352$1,967$1,749
17 years$3,660$3,063$2,551$2,114$1,745$1,537
18 years$3,421$2,831$2,328$1,905$1,551$1,354
19 years$3,207$2,623$2,131$1,721$1,383$1,196
20 years$3,015$2,438$1,956$1,559$1,235$1,059
21 years$2,841$2,271$1,799$1,415$1,105$938
22 years$2,683$2,120$1,658$1,286$991$833
23 years$2,539$1,983$1,531$1,172$889$741
24 years$2,408$1,857$1,416$1,068$799$659
25 years$2,287$1,743$1,312$976$719$587
26 years$2,175$1,638$1,216$892$648$524
27 years$2,072$1,542$1,130$817$584$467
28 years$1,977$1,453$1,050$748$527$418
29 years$1,888$1,371$977$686$476$373
30 years$1,806$1,294$910$630$430$334
31 years$1,728$1,224$849$578$389$299
32 years$1,656$1,158$792$532$352$267
33 years$1,588$1,096$739$489$318$239
34 years$1,525$1,039$691$450$288$214
35 years$1,465$986$646$414$261$192
36 years$1,409$936$604$381$236$172
37 years$1,356$889$565$351$214$154
38 years$1,305$844$529$324$194$138
39 years$1,258$803$496$299$176$124
40 years$1,213$764$465$275$160$111
41 years$1,170$727$436$254$145$100
42 years$1,129$693$409$234$132$90
43 years$1,091$660$384$216$119$80
44 years$1,054$629$360$200$108$72
45 years$1,019$600$338$185$98$65
46 years$985$572$318$170$89$58
47 years$954$546$298$158$81$52
48 years$923$521$280$146$74$47
49 years$894$498$264$135$67$42
50 years$866$476$248$124$61$38

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $887,000, adding $6,100 every year, while hoping to spend $24,461 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: 46/31/23 Blend
65$887,000$887,000$887,000$887,000
66$983,766$936,755$923,007$1,022,278
67$1,058,084$956,630$927,901$1,069,834
68$1,139,162$976,659$932,140$1,118,512
69$1,227,665$996,823$935,674$1,170,833
70$1,324,323$1,017,103$938,455$1,227,147
71$1,429,940$1,037,477$940,430$1,287,844
72$1,545,402$1,057,922$941,542$1,353,352
73$1,671,684$1,078,411$941,735$1,424,142
74$1,809,859$1,098,916$940,946$1,500,735
75$1,961,109$1,119,408$939,112$1,583,706
76$2,126,736$1,139,852$936,166$1,673,687
77$2,308,173$1,160,215$932,038$1,771,377
78$2,506,998$1,180,458$926,653$1,877,547
79$2,724,951$1,200,539$919,935$1,993,045
80$2,963,946$1,220,415$911,803$2,118,810
81$3,226,091$1,240,038$902,171$2,255,874
82$3,513,709$1,259,357$890,950$2,405,377
83$3,829,359$1,278,317$878,049$2,568,576
84$4,175,859$1,296,860$863,368$2,746,858
85$4,556,312$1,314,922$846,807$2,941,751
86$4,974,139$1,332,436$828,258$3,154,942
87$5,433,107$1,349,331$807,610$3,388,291
88$5,937,365$1,365,529$784,746$3,643,849
89$6,491,485$1,380,948$759,544$3,923,876
90$7,100,502$1,395,501$731,875$4,230,868
91$7,769,967$1,409,094$701,606$4,567,575
92$8,505,991$1,421,628$668,598$4,937,031
93$9,315,310$1,432,995$632,703$5,342,579
94$10,205,343$1,443,083$593,770$5,787,909
95$11,184,265$1,451,771$551,639$6,277,087
96$12,261,084$1,458,932$506,142$6,814,597
97$13,445,722$1,464,427$457,106$7,405,386
98$14,749,116$1,468,114$404,349$8,054,906
99$16,183,311$1,469,837$347,680$8,769,167
100$17,761,582$1,469,432$286,900$9,554,800