Can I retire at age 66 with 892,000?

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 $892,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.8%
1 years$73,661$73,004$72,364$71,739$71,129$69,157
2 years$36,466$35,786$35,128$34,490$33,871$31,899
3 years$24,069$23,387$22,730$22,098$21,489$19,579
4 years$17,872$17,192$16,542$15,920$15,326$13,492
5 years$14,154$13,479$12,837$12,228$11,651$9,898
6 years$11,677$11,006$10,374$9,779$9,219$7,550
7 years$9,908$9,243$8,621$8,040$7,497$5,911
8 years$8,582$7,923$7,311$6,745$6,220$4,716
9 years$7,551$6,898$6,297$5,745$5,238$3,815
10 years$6,727$6,081$5,490$4,952$4,463$3,119
11 years$6,053$5,413$4,833$4,310$3,838$2,571
12 years$5,492$4,859$4,290$3,780$3,326$2,133
13 years$5,018$4,391$3,832$3,337$2,901$1,779
14 years$4,611$3,991$3,443$2,963$2,543$1,491
15 years$4,259$3,646$3,109$2,642$2,239$1,253
16 years$3,952$3,345$2,819$2,366$1,979$1,056
17 years$3,681$3,081$2,565$2,126$1,754$893
18 years$3,440$2,847$2,341$1,916$1,560$756
19 years$3,225$2,638$2,143$1,731$1,390$641
20 years$3,032$2,452$1,967$1,568$1,242$545
21 years$2,857$2,284$1,809$1,423$1,111$463
22 years$2,698$2,132$1,668$1,294$996$394
23 years$2,554$1,994$1,540$1,178$894$336
24 years$2,421$1,868$1,424$1,075$804$286
25 years$2,300$1,753$1,319$981$723$244
26 years$2,188$1,648$1,223$897$651$209
27 years$2,084$1,551$1,136$821$587$178
28 years$1,988$1,461$1,056$752$530$152
29 years$1,899$1,378$983$690$479$130
30 years$1,816$1,302$915$633$432$111
31 years$1,738$1,231$853$582$391$95
32 years$1,666$1,164$796$535$354$81
33 years$1,597$1,103$743$492$320$70
34 years$1,534$1,045$695$452$290$59
35 years$1,473$991$649$416$262$51
36 years$1,417$941$607$383$238$44
37 years$1,363$894$569$353$216$37
38 years$1,313$849$532$326$195$32
39 years$1,265$807$499$300$177$27
40 years$1,220$768$468$277$161$23
41 years$1,176$731$438$255$146$20
42 years$1,136$696$411$236$132$17
43 years$1,097$664$386$218$120$15
44 years$1,060$633$362$201$109$13
45 years$1,025$603$340$186$99$11
46 years$991$575$319$171$90$9
47 years$959$549$300$158$82$8
48 years$928$524$282$146$74$7
49 years$899$501$265$135$67$6
50 years$871$478$249$125$61$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $892,000, adding $5,486 every year, while hoping to spend $58,227 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: 37/41/22 Blend
65$892,000$892,000$892,000$892,000
66$988,643$941,367$927,541$1,018,508
67$1,027,531$925,541$896,660$1,024,944
68$1,068,435$906,988$862,794$1,026,070
69$1,111,498$885,512$825,780$1,026,107
70$1,156,876$860,909$785,450$1,024,994
71$1,204,742$832,957$741,626$1,022,664
72$1,255,281$801,427$694,126$1,019,054
73$1,308,695$766,073$642,755$1,014,096
74$1,365,208$726,636$587,313$1,007,725
75$1,425,059$682,842$527,588$999,872
76$1,488,515$634,401$463,362$990,471
77$1,555,863$581,006$394,404$979,456
78$1,627,420$522,334$320,476$966,763
79$1,703,531$458,042$241,325$952,328
80$1,784,573$387,768$156,692$936,089
81$1,870,961$311,131$66,303$917,991
82$1,963,148$227,725$0$897,978
83$2,061,631$137,125$0$883,083
84$2,166,953$38,880$0$883,254
85$2,279,712$0$0$882,947
86$2,400,562$0$0$912,661
87$2,530,221$0$0$963,445
88$2,669,476$0$0$1,018,075
89$2,819,192$0$0$1,076,904
90$2,980,318$0$0$1,140,315
91$3,153,896$0$0$1,208,731
92$3,341,072$0$0$1,282,616
93$3,543,101$0$0$1,362,482
94$3,761,367$0$0$1,448,889
95$3,997,388$0$0$1,542,454
96$4,252,831$0$0$1,643,854
97$4,529,533$0$0$1,753,836
98$4,829,511$0$0$1,873,218
99$5,154,981$0$0$2,002,902
100$5,508,385$0$0$2,143,881