Can I retire at age 66 with 849,000?

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 $849,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.6%
1 years$70,110$69,485$68,876$68,281$67,700$66,144
2 years$34,708$34,061$33,435$32,827$32,238$30,679
3 years$22,909$22,259$21,635$21,033$20,453$18,940
4 years$17,010$16,363$15,744$15,153$14,587$13,131
5 years$13,472$12,829$12,218$11,639$11,089$9,694
6 years$11,114$10,476$9,874$9,308$8,774$7,443
7 years$9,431$8,797$8,206$7,652$7,136$5,867
8 years$8,168$7,541$6,959$6,419$5,920$4,714
9 years$7,187$6,566$5,994$5,468$4,985$3,841
10 years$6,403$5,787$5,225$4,713$4,248$3,164
11 years$5,761$5,152$4,600$4,102$3,653$2,628
12 years$5,227$4,624$4,083$3,598$3,166$2,198
13 years$4,776$4,179$3,648$3,177$2,761$1,848
14 years$4,389$3,799$3,277$2,820$2,420$1,561
15 years$4,054$3,470$2,959$2,515$2,131$1,323
16 years$3,761$3,184$2,683$2,252$1,883$1,125
17 years$3,503$2,932$2,441$2,023$1,670$959
18 years$3,274$2,709$2,229$1,823$1,485$820
19 years$3,070$2,511$2,040$1,647$1,323$701
20 years$2,885$2,333$1,872$1,492$1,182$601
21 years$2,719$2,174$1,722$1,354$1,058$516
22 years$2,568$2,029$1,587$1,231$948$443
23 years$2,431$1,898$1,466$1,121$851$381
24 years$2,305$1,778$1,355$1,023$765$328
25 years$2,189$1,668$1,255$934$688$283
26 years$2,082$1,568$1,164$854$620$244
27 years$1,984$1,476$1,081$782$559$210
28 years$1,892$1,391$1,005$716$504$181
29 years$1,807$1,312$935$657$455$156
30 years$1,728$1,239$871$603$412$135
31 years$1,654$1,171$812$554$372$117
32 years$1,585$1,108$758$509$337$101
33 years$1,520$1,049$708$468$305$87
34 years$1,460$995$661$430$276$75
35 years$1,402$943$618$396$250$65
36 years$1,348$895$578$365$226$56
37 years$1,298$850$541$336$205$49
38 years$1,249$808$507$310$186$42
39 years$1,204$769$475$286$169$36
40 years$1,161$731$445$264$153$31
41 years$1,120$696$417$243$139$27
42 years$1,081$663$391$224$126$23
43 years$1,044$632$367$207$114$20
44 years$1,009$602$345$191$104$18
45 years$975$574$324$177$94$15
46 years$943$548$304$163$86$13
47 years$913$523$286$151$78$11
48 years$884$499$268$139$71$10
49 years$856$476$252$129$64$8
50 years$829$455$237$119$58$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $849,000, adding $4,769 every year, while hoping to spend $31,608 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: 57/20/23 Blend
65$849,000$849,000$849,000$849,000
66$940,517$895,520$882,361$988,026
67$1,002,819$905,770$878,289$1,031,259
68$1,070,417$915,463$873,022$1,074,581
69$1,143,817$924,538$866,485$1,121,120
70$1,223,576$932,930$858,603$1,171,192
71$1,310,308$940,571$849,293$1,225,150
72$1,404,688$947,387$838,473$1,283,382
73$1,507,457$953,300$826,053$1,346,317
74$1,619,433$958,227$811,940$1,414,429
75$1,741,513$962,079$796,039$1,488,241
76$1,874,689$964,762$778,248$1,568,331
77$2,020,048$966,176$758,459$1,655,335
78$2,178,789$966,215$736,564$1,749,959
79$2,352,231$964,765$712,445$1,852,981
80$2,541,828$961,708$685,981$1,965,258
81$2,749,178$956,915$657,045$2,087,739
82$2,976,042$950,252$625,504$2,221,470
83$3,224,360$941,576$591,220$2,367,606
84$3,496,266$930,734$554,047$2,527,422
85$3,794,112$917,566$513,834$2,702,325
86$4,120,486$901,902$470,422$2,893,869
87$4,478,241$883,561$423,647$3,103,767
88$4,870,517$862,351$373,335$3,333,911
89$5,300,774$838,070$319,305$3,586,389
90$5,772,820$810,503$261,370$3,863,504
91$6,290,854$779,424$199,332$4,167,798
92$6,859,497$744,591$132,985$4,502,075
93$7,483,841$705,752$62,116$4,869,430
94$8,169,496$662,637$0$5,273,277
95$8,922,640$614,961$0$5,720,698
96$9,750,080$562,426$0$6,229,015
97$10,659,315$504,711$0$6,787,611
98$11,658,606$441,483$0$7,401,605
99$12,757,054$372,385$0$8,076,639
100$13,964,686$297,044$0$8,818,931