Can I retire at age 66 with 845,000?

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 $845,000?

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$69,779$69,158$68,551$67,959$67,381$65,593
2 years$34,544$33,901$33,277$32,673$32,086$30,297
3 years$22,801$22,155$21,533$20,934$20,357$18,623
4 years$16,930$16,286$15,670$15,082$14,519$12,853
5 years$13,409$12,768$12,161$11,584$11,037$9,444
6 years$11,062$10,426$9,828$9,264$8,733$7,215
7 years$9,386$8,756$8,167$7,616$7,102$5,659
8 years$8,130$7,506$6,926$6,389$5,892$4,522
9 years$7,153$6,535$5,965$5,442$4,962$3,665
10 years$6,373$5,760$5,201$4,691$4,228$3,002
11 years$5,734$5,128$4,579$4,083$3,636$2,479
12 years$5,203$4,603$4,064$3,581$3,151$2,061
13 years$4,753$4,159$3,630$3,162$2,748$1,723
14 years$4,368$3,781$3,262$2,807$2,409$1,446
15 years$4,035$3,454$2,945$2,503$2,121$1,218
16 years$3,744$3,169$2,670$2,241$1,874$1,029
17 years$3,487$2,918$2,430$2,014$1,662$872
18 years$3,259$2,697$2,218$1,815$1,478$740
19 years$3,055$2,499$2,031$1,640$1,317$629
20 years$2,872$2,322$1,864$1,485$1,176$536
21 years$2,706$2,163$1,714$1,348$1,053$456
22 years$2,556$2,019$1,580$1,225$944$390
23 years$2,419$1,889$1,459$1,116$847$333
24 years$2,294$1,770$1,349$1,018$761$284
25 years$2,179$1,661$1,249$930$685$243
26 years$2,072$1,561$1,159$850$617$208
27 years$1,974$1,469$1,076$778$556$178
28 years$1,883$1,384$1,000$713$502$153
29 years$1,799$1,306$931$654$453$131
30 years$1,720$1,233$867$600$410$112
31 years$1,647$1,166$808$551$370$96
32 years$1,578$1,103$754$506$335$82
33 years$1,513$1,045$704$466$303$71
34 years$1,453$990$658$428$274$60
35 years$1,396$939$615$394$249$52
36 years$1,342$891$575$363$225$45
37 years$1,291$846$539$335$204$38
38 years$1,244$804$504$308$185$33
39 years$1,198$765$473$284$168$28
40 years$1,155$728$443$262$152$24
41 years$1,115$693$415$242$138$21
42 years$1,076$660$390$223$125$18
43 years$1,039$629$366$206$114$15
44 years$1,004$599$343$190$103$13
45 years$971$571$322$176$94$11
46 years$939$545$303$162$85$10
47 years$908$520$284$150$77$8
48 years$879$497$267$139$70$7
49 years$852$474$251$128$64$6
50 years$825$453$236$118$58$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $845,000, adding $2,430 every year, while hoping to spend $58,153 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: 56/16/28 Blend
65$845,000$845,000$845,000$845,000
66$933,697$888,912$875,814$978,654
67$967,059$870,594$843,279$991,540
68$1,001,876$849,430$807,706$999,325
69$1,038,233$825,218$768,930$1,006,626
70$1,076,226$797,746$726,782$1,013,418
71$1,115,954$766,789$681,082$1,019,674
72$1,157,528$732,108$631,645$1,025,368
73$1,201,067$693,452$578,277$1,030,474
74$1,246,699$650,555$520,772$1,034,968
75$1,294,564$603,134$458,919$1,038,828
76$1,344,813$550,891$392,497$1,042,034
77$1,397,611$493,512$321,273$1,044,567
78$1,453,137$430,663$245,005$1,046,412
79$1,511,585$361,993$163,440$1,047,556
80$1,573,166$287,131$76,316$1,047,993
81$1,638,113$205,684$0$1,047,718
82$1,706,674$117,237$0$1,051,713
83$1,779,126$21,352$0$1,079,664
84$1,855,766$0$0$1,108,852
85$1,936,922$0$0$1,153,911
86$2,022,949$0$0$1,205,696
87$2,114,238$0$0$1,260,687
88$2,211,214$0$0$1,319,145
89$2,314,343$0$0$1,381,357
90$2,424,135$0$0$1,447,635
91$2,541,148$0$0$1,518,324
92$2,665,994$0$0$1,593,798
93$2,799,342$0$0$1,674,469
94$2,941,927$0$0$1,760,790
95$3,094,552$0$0$1,853,254
96$3,258,100$0$0$1,952,404
97$3,433,539$0$0$2,058,836
98$3,621,931$0$0$2,173,205
99$3,824,441$0$0$2,296,226
100$4,042,349$0$0$2,428,688