Can I retire at age 66 with 899,000?

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 $899,000?

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$74,239$73,577$72,932$72,302$71,688$71,057
2 years$36,752$36,067$35,404$34,761$34,137$33,502
3 years$24,258$23,570$22,909$22,272$21,658$21,038
4 years$18,012$17,327$16,672$16,045$15,447$14,846
5 years$14,266$13,584$12,938$12,324$11,742$11,163
6 years$11,769$11,093$10,456$9,856$9,291$8,734
7 years$9,986$9,316$8,689$8,103$7,556$7,021
8 years$8,650$7,985$7,369$6,797$6,269$5,756
9 years$7,611$6,953$6,347$5,790$5,279$4,789
10 years$6,780$6,128$5,533$4,991$4,498$4,030
11 years$6,101$5,456$4,871$4,344$3,868$3,422
12 years$5,535$4,897$4,323$3,810$3,352$2,927
13 years$5,057$4,425$3,862$3,364$2,923$2,518
14 years$4,647$4,022$3,470$2,986$2,563$2,177
15 years$4,293$3,675$3,133$2,663$2,256$1,891
16 years$3,983$3,371$2,841$2,384$1,994$1,648
17 years$3,710$3,105$2,585$2,142$1,768$1,440
18 years$3,467$2,869$2,360$1,931$1,572$1,262
19 years$3,250$2,659$2,160$1,744$1,401$1,108
20 years$3,055$2,471$1,983$1,580$1,252$975
21 years$2,879$2,302$1,824$1,434$1,120$859
22 years$2,719$2,148$1,681$1,304$1,004$758
23 years$2,574$2,009$1,552$1,187$901$670
24 years$2,440$1,883$1,435$1,083$810$593
25 years$2,318$1,767$1,329$989$729$525
26 years$2,205$1,660$1,233$904$657$465
27 years$2,100$1,563$1,145$828$592$412
28 years$2,004$1,473$1,064$758$534$366
29 years$1,914$1,389$990$695$482$325
30 years$1,830$1,312$923$638$436$289
31 years$1,752$1,240$860$586$394$257
32 years$1,679$1,173$802$539$356$228
33 years$1,610$1,111$749$495$323$203
34 years$1,546$1,053$700$456$292$181
35 years$1,485$999$654$420$265$161
36 years$1,428$948$612$386$240$143
37 years$1,374$901$573$356$217$127
38 years$1,323$856$537$328$197$114
39 years$1,275$814$503$303$179$101
40 years$1,229$774$471$279$162$90
41 years$1,186$737$442$258$147$80
42 years$1,145$702$415$238$133$72
43 years$1,105$669$389$219$121$64
44 years$1,068$638$365$203$110$57
45 years$1,033$608$343$187$100$51
46 years$999$580$322$173$91$45
47 years$966$553$302$160$82$40
48 years$936$528$284$148$75$36
49 years$906$505$267$136$68$32
50 years$878$482$251$126$62$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $899,000, adding $5,341 every year, while hoping to spend $34,135 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: 62/33/5 Blend
65$899,000$899,000$899,000$899,000
66$996,207$948,560$934,626$1,056,862
67$1,061,501$958,720$929,616$1,108,123
68$1,132,311$968,234$923,295$1,159,563
69$1,209,163$977,034$915,582$1,214,814
70$1,292,637$985,048$906,393$1,274,245
71$1,383,369$992,199$895,641$1,338,259
72$1,482,061$998,405$883,233$1,407,301
73$1,589,484$1,003,579$869,074$1,481,865
74$1,706,486$1,007,629$853,062$1,562,491
75$1,834,000$1,010,456$835,093$1,649,779
76$1,973,055$1,011,955$815,055$1,744,390
77$2,124,781$1,012,015$792,834$1,847,050
78$2,290,423$1,010,518$768,308$1,958,564
79$2,471,351$1,007,338$741,351$2,079,818
80$2,669,074$1,002,343$711,832$2,211,790
81$2,885,252$995,391$679,611$2,355,559
82$3,121,715$986,332$644,545$2,512,315
83$3,380,475$975,007$606,482$2,683,371
84$3,663,749$961,249$565,265$2,870,175
85$3,973,979$944,877$520,729$3,074,325
86$4,313,853$925,705$472,702$3,297,584
87$4,686,332$903,530$421,004$3,541,896
88$5,094,677$878,142$365,446$3,809,406
89$5,542,478$849,315$305,832$4,102,480
90$6,033,692$816,812$241,959$4,423,729
91$6,572,674$780,382$173,610$4,776,029
92$7,164,225$739,759$100,564$5,162,558
93$7,813,629$694,660$22,587$5,586,818
94$8,526,711$644,790$0$6,052,671
95$9,309,883$589,833$0$6,567,612
96$10,170,213$529,456$0$7,134,604
97$11,115,484$463,309$0$7,757,635
98$12,154,272$391,019$0$8,442,438
99$13,296,024$312,196$0$9,195,330
100$14,551,148$226,423$0$10,023,280