Can I retire at age 66 with 838,000?

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 $838,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.8%
1 years$69,201$68,585$67,983$67,396$66,823$65,770
2 years$34,258$33,620$33,002$32,402$31,821$30,763
3 years$22,612$21,971$21,354$20,760$20,188$19,158
4 years$16,790$16,151$15,540$14,957$14,398$13,404
5 years$13,298$12,663$12,060$11,488$10,945$9,990
6 years$10,970$10,340$9,746$9,187$8,661$7,745
7 years$9,308$8,684$8,099$7,553$7,044$6,167
8 years$8,063$7,443$6,869$6,336$5,843$5,007
9 years$7,094$6,481$5,916$5,397$4,921$4,124
10 years$6,320$5,712$5,158$4,652$4,193$3,434
11 years$5,687$5,086$4,541$4,049$3,606$2,886
12 years$5,160$4,564$4,030$3,551$3,125$2,442
13 years$4,714$4,125$3,600$3,135$2,725$2,078
14 years$4,332$3,749$3,235$2,783$2,389$1,776
15 years$4,002$3,425$2,921$2,482$2,103$1,525
16 years$3,713$3,143$2,648$2,223$1,859$1,313
17 years$3,458$2,894$2,410$1,997$1,648$1,134
18 years$3,232$2,674$2,200$1,800$1,465$982
19 years$3,030$2,479$2,014$1,626$1,306$851
20 years$2,848$2,303$1,848$1,473$1,167$740
21 years$2,684$2,145$1,700$1,337$1,044$644
22 years$2,535$2,003$1,567$1,215$936$561
23 years$2,399$1,873$1,447$1,107$840$489
24 years$2,275$1,755$1,338$1,009$755$427
25 years$2,160$1,647$1,239$922$679$373
26 years$2,055$1,548$1,149$843$612$326
27 years$1,958$1,457$1,067$772$552$285
28 years$1,868$1,373$992$707$498$250
29 years$1,784$1,295$923$648$450$219
30 years$1,706$1,223$860$595$406$192
31 years$1,633$1,156$802$546$367$168
32 years$1,565$1,094$748$502$332$147
33 years$1,501$1,036$698$462$301$129
34 years$1,441$982$653$425$272$113
35 years$1,384$931$610$391$247$99
36 years$1,331$884$571$360$223$87
37 years$1,281$839$534$332$202$77
38 years$1,233$798$500$306$184$67
39 years$1,188$759$469$282$166$59
40 years$1,146$722$439$260$151$52
41 years$1,105$687$412$240$137$46
42 years$1,067$654$386$222$124$40
43 years$1,030$623$363$204$113$35
44 years$996$594$340$189$102$31
45 years$963$567$320$174$93$27
46 years$931$541$300$161$84$24
47 years$901$516$282$149$77$21
48 years$872$492$265$138$70$18
49 years$845$470$249$127$63$16
50 years$818$449$234$117$57$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $838,000, adding $6,478 every year, while hoping to spend $21,944 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: 49/33/18 Blend
65$838,000$838,000$838,000$838,000
66$930,158$885,744$872,755$970,761
67$1,001,686$905,797$878,644$1,019,590
68$1,079,774$926,098$883,995$1,069,832
69$1,165,069$946,634$888,766$1,123,941
70$1,258,281$967,394$892,915$1,182,288
71$1,360,194$988,364$896,396$1,245,284
72$1,471,669$1,009,530$899,160$1,313,379
73$1,593,655$1,030,873$901,159$1,387,072
74$1,727,199$1,052,376$902,338$1,466,910
75$1,873,450$1,074,020$902,643$1,553,497
76$2,033,676$1,095,781$902,016$1,647,501
77$2,209,273$1,117,636$900,396$1,749,654
78$2,401,778$1,139,559$897,718$1,860,766
79$2,612,883$1,161,522$893,916$1,981,729
80$2,844,455$1,183,494$888,920$2,113,527
81$3,098,546$1,205,442$882,655$2,257,243
82$3,377,419$1,227,330$875,046$2,414,072
83$3,683,566$1,249,120$866,010$2,585,332
84$4,019,732$1,270,769$855,463$2,772,474
85$4,388,941$1,292,233$843,318$2,977,100
86$4,794,524$1,313,463$829,480$3,200,975
87$5,240,151$1,334,408$813,852$3,446,043
88$5,729,864$1,355,012$796,334$3,714,451
89$6,268,117$1,375,214$776,818$4,008,561
90$6,859,816$1,394,951$755,193$4,330,982
91$7,510,369$1,414,155$731,343$4,684,586
92$8,225,729$1,432,751$705,146$5,072,542
93$9,012,459$1,450,662$676,474$5,498,342
94$9,877,788$1,467,802$645,194$5,965,836
95$10,829,682$1,484,084$611,167$6,479,269
96$11,876,916$1,499,411$574,248$7,043,318
97$13,029,160$1,513,681$534,284$7,663,143
98$14,297,068$1,526,785$491,117$8,344,428
99$15,692,379$1,538,608$444,579$9,093,443
100$17,228,028$1,549,025$394,499$9,917,095