Can I retire at age 66 with 898,000?

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 $898,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$74,156$73,495$72,851$72,222$71,608$70,596
2 years$36,711$36,027$35,365$34,722$34,099$33,082
3 years$24,231$23,544$22,883$22,247$21,634$20,642
4 years$17,992$17,307$16,653$16,028$15,429$14,472
5 years$14,250$13,569$12,924$12,311$11,729$10,808
6 years$11,756$11,080$10,444$9,845$9,281$8,397
7 years$9,975$9,305$8,679$8,094$7,548$6,702
8 years$8,640$7,976$7,361$6,790$6,262$5,453
9 years$7,602$6,945$6,340$5,784$5,273$4,502
10 years$6,772$6,122$5,527$4,985$4,493$3,759
11 years$6,094$5,450$4,866$4,339$3,864$3,166
12 years$5,529$4,891$4,318$3,806$3,349$2,686
13 years$5,051$4,420$3,858$3,360$2,920$2,291
14 years$4,642$4,018$3,467$2,983$2,560$1,964
15 years$4,288$3,670$3,130$2,660$2,254$1,691
16 years$3,978$3,368$2,838$2,382$1,992$1,460
17 years$3,706$3,101$2,582$2,140$1,766$1,265
18 years$3,463$2,866$2,357$1,928$1,570$1,098
19 years$3,247$2,656$2,158$1,743$1,400$955
20 years$3,052$2,468$1,980$1,578$1,250$832
21 years$2,876$2,299$1,822$1,432$1,119$726
22 years$2,716$2,146$1,679$1,302$1,003$635
23 years$2,571$2,007$1,550$1,186$900$555
24 years$2,438$1,881$1,434$1,082$809$486
25 years$2,315$1,765$1,328$988$728$426
26 years$2,202$1,659$1,231$903$656$374
27 years$2,098$1,561$1,144$827$591$328
28 years$2,001$1,471$1,063$758$534$288
29 years$1,912$1,388$989$695$482$253
30 years$1,828$1,310$921$638$435$223
31 years$1,750$1,239$859$586$394$196
32 years$1,677$1,172$802$538$356$172
33 years$1,608$1,110$748$495$322$152
34 years$1,544$1,052$699$455$292$133
35 years$1,483$998$654$419$264$117
36 years$1,426$947$612$386$239$103
37 years$1,372$900$572$356$217$91
38 years$1,322$855$536$328$197$80
39 years$1,273$813$502$302$178$71
40 years$1,228$773$471$279$162$62
41 years$1,184$736$441$257$147$55
42 years$1,143$701$414$237$133$48
43 years$1,104$668$389$219$121$43
44 years$1,067$637$365$202$110$38
45 years$1,031$607$342$187$100$33
46 years$998$579$322$173$90$29
47 years$965$553$302$159$82$26
48 years$935$528$284$147$75$23
49 years$905$504$267$136$68$20
50 years$877$481$251$126$62$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $898,000, adding $4,548 every year, while hoping to spend $32,547 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: 66/26/8 Blend
65$898,000$898,000$898,000$898,000
66$994,287$946,693$932,774$1,058,100
67$1,061,075$958,451$929,392$1,112,856
68$1,133,584$969,695$924,806$1,168,371
69$1,212,364$980,364$918,942$1,228,188
70$1,298,018$990,396$911,720$1,292,721
71$1,391,212$999,721$903,059$1,362,429
72$1,492,678$1,008,269$892,873$1,437,818
73$1,603,218$1,015,962$881,072$1,519,445
74$1,723,720$1,022,718$867,561$1,607,922
75$1,855,158$1,028,449$852,243$1,703,929
76$1,998,605$1,033,064$835,013$1,808,210
77$2,155,241$1,036,462$815,765$1,921,589
78$2,326,366$1,038,540$794,383$2,044,974
79$2,513,412$1,039,185$770,752$2,179,365
80$2,717,954$1,038,278$744,746$2,325,866
81$2,941,726$1,035,695$716,236$2,485,693
82$3,186,639$1,031,302$685,087$2,660,189
83$3,454,797$1,024,956$651,158$2,850,833
84$3,748,515$1,016,507$614,300$3,059,257
85$4,070,344$1,005,797$574,360$3,287,259
86$4,423,093$992,655$531,175$3,536,823
87$4,809,856$976,902$484,577$3,810,138
88$5,234,041$958,350$434,390$4,109,614
89$5,699,400$936,796$380,429$4,437,912
90$6,210,068$912,028$322,502$4,797,965
91$6,770,597$883,820$260,409$5,193,006
92$7,386,005$851,934$193,939$5,626,602
93$8,061,815$816,117$122,874$6,102,684
94$8,804,115$776,101$46,985$6,625,587
95$9,619,609$731,605$0$7,200,092
96$10,515,685$682,328$0$7,834,371
97$11,500,478$627,956$0$8,535,802
98$12,582,954$568,153$0$9,306,798
99$13,772,990$502,567$0$10,154,447
100$15,081,467$430,825$0$11,086,562