Can I retire at age 66 with 888,000?

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 $888,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.5%
1 years$73,330$72,677$72,040$71,418$70,810$68,931
2 years$36,302$35,626$34,971$34,335$33,719$31,839
3 years$23,961$23,282$22,628$21,999$21,393$19,570
4 years$17,792$17,115$16,468$15,849$15,258$13,507
5 years$14,091$13,418$12,780$12,174$11,599$9,925
6 years$11,625$10,957$10,328$9,735$9,178$7,582
7 years$9,864$9,202$8,582$8,004$7,464$5,947
8 years$8,544$7,887$7,279$6,714$6,192$4,752
9 years$7,517$6,867$6,269$5,719$5,215$3,851
10 years$6,697$6,053$5,466$4,930$4,443$3,155
11 years$6,026$5,389$4,812$4,291$3,821$2,606
12 years$5,467$4,837$4,270$3,763$3,311$2,166
13 years$4,995$4,371$3,815$3,322$2,888$1,811
14 years$4,591$3,973$3,428$2,949$2,531$1,520
15 years$4,240$3,630$3,095$2,630$2,229$1,280
16 years$3,934$3,330$2,806$2,355$1,970$1,082
17 years$3,664$3,067$2,553$2,116$1,746$916
18 years$3,425$2,834$2,331$1,907$1,553$778
19 years$3,211$2,626$2,134$1,723$1,384$661
20 years$3,018$2,441$1,958$1,561$1,236$563
21 years$2,844$2,273$1,801$1,416$1,106$480
22 years$2,686$2,122$1,660$1,288$992$409
23 years$2,542$1,985$1,533$1,173$890$350
24 years$2,410$1,860$1,418$1,070$800$299
25 years$2,289$1,745$1,313$977$720$256
26 years$2,178$1,640$1,218$893$649$219
27 years$2,075$1,544$1,131$818$585$187
28 years$1,979$1,454$1,051$749$528$160
29 years$1,890$1,372$978$687$476$137
30 years$1,808$1,296$911$630$430$118
31 years$1,730$1,225$850$579$389$101
32 years$1,658$1,159$793$532$352$86
33 years$1,590$1,098$740$489$319$74
34 years$1,527$1,040$691$450$288$64
35 years$1,467$987$646$414$261$55
36 years$1,410$937$605$382$237$47
37 years$1,357$890$566$352$215$40
38 years$1,307$845$530$324$195$34
39 years$1,259$804$497$299$176$30
40 years$1,214$765$465$276$160$25
41 years$1,171$728$436$254$145$22
42 years$1,131$693$409$235$132$19
43 years$1,092$661$384$217$120$16
44 years$1,055$630$361$200$108$14
45 years$1,020$600$339$185$98$12
46 years$987$573$318$171$89$10
47 years$955$547$299$158$81$9
48 years$924$522$281$146$74$7
49 years$895$498$264$135$67$6
50 years$867$476$248$124$61$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $888,000, adding $3,237 every year, while hoping to spend $44,435 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: 49/41/10 Blend
65$888,000$888,000$888,000$888,000
66$981,915$934,851$921,087$1,027,234
67$1,034,792$933,380$904,665$1,057,173
68$1,091,573$930,348$886,203$1,084,731
69$1,152,609$925,631$865,587$1,113,642
70$1,218,287$919,099$842,696$1,144,048
71$1,289,029$910,611$817,403$1,176,103
72$1,365,301$900,022$789,577$1,209,982
73$1,447,614$887,175$759,080$1,245,880
74$1,536,528$871,905$725,767$1,284,013
75$1,632,662$854,036$689,488$1,324,624
76$1,736,693$833,383$650,085$1,367,984
77$1,849,365$809,749$607,393$1,414,393
78$1,971,500$782,926$561,240$1,464,186
79$2,103,998$752,694$511,446$1,517,737
80$2,247,850$718,820$457,824$1,575,462
81$2,404,145$681,057$400,176$1,637,823
82$2,574,084$639,145$338,298$1,705,334
83$2,758,986$592,808$271,976$1,778,568
84$2,960,301$541,754$200,985$1,858,159
85$3,179,627$485,675$125,094$1,944,814
86$3,418,721$424,246$44,057$2,039,316
87$3,679,519$357,122$0$2,142,536
88$3,964,148$283,940$0$2,259,966
89$4,274,954$204,315$0$2,393,464
90$4,614,515$117,842$0$2,539,541
91$4,985,672$24,093$0$2,699,547
92$5,391,552$0$0$2,874,975
93$5,835,598$0$0$3,102,394
94$6,321,602$0$0$3,363,291
95$6,853,736$0$0$3,649,051
96$7,436,600$0$0$3,962,153
97$8,075,255$0$0$4,305,330
98$8,775,277$0$0$4,681,590
99$9,542,805$0$0$5,094,249
100$10,384,604$0$0$5,546,955