Can I retire at age 66 with 852,000?

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 $852,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$70,357$69,731$69,119$68,522$67,940$66,732
2 years$34,830$34,182$33,553$32,943$32,352$31,139
3 years$22,990$22,338$21,711$21,107$20,526$19,346
4 years$17,070$16,421$15,800$15,207$14,639$13,501
5 years$13,520$12,874$12,262$11,680$11,128$10,036
6 years$11,153$10,513$9,909$9,341$8,805$7,759
7 years$9,464$8,829$8,235$7,679$7,161$6,162
8 years$8,197$7,568$6,984$6,442$5,941$4,988
9 years$7,213$6,589$6,015$5,487$5,003$4,096
10 years$6,425$5,808$5,244$4,730$4,263$3,401
11 years$5,782$5,170$4,617$4,117$3,666$2,848
12 years$5,246$4,641$4,097$3,611$3,177$2,402
13 years$4,793$4,194$3,661$3,188$2,770$2,038
14 years$4,405$3,812$3,289$2,830$2,429$1,736
15 years$4,068$3,482$2,970$2,524$2,138$1,485
16 years$3,775$3,195$2,692$2,260$1,890$1,275
17 years$3,516$2,943$2,450$2,030$1,676$1,097
18 years$3,286$2,719$2,236$1,830$1,490$946
19 years$3,080$2,520$2,047$1,653$1,328$817
20 years$2,896$2,342$1,879$1,497$1,186$708
21 years$2,729$2,181$1,728$1,359$1,062$613
22 years$2,577$2,036$1,593$1,236$951$532
23 years$2,439$1,904$1,471$1,125$854$463
24 years$2,313$1,784$1,360$1,026$768$402
25 years$2,197$1,674$1,260$937$691$350
26 years$2,090$1,574$1,168$857$622$305
27 years$1,991$1,481$1,085$784$561$266
28 years$1,899$1,396$1,009$719$506$232
29 years$1,814$1,317$939$659$457$202
30 years$1,734$1,243$874$605$413$176
31 years$1,660$1,175$815$556$373$154
32 years$1,591$1,112$760$511$338$134
33 years$1,526$1,053$710$469$306$117
34 years$1,465$998$663$432$277$103
35 years$1,407$947$620$398$251$90
36 years$1,353$899$580$366$227$78
37 years$1,302$853$543$337$206$68
38 years$1,254$811$509$311$187$60
39 years$1,208$771$476$287$169$52
40 years$1,165$734$447$265$154$46
41 years$1,124$699$419$244$139$40
42 years$1,085$665$393$225$126$35
43 years$1,048$634$369$208$115$31
44 years$1,012$604$346$192$104$27
45 years$979$576$325$177$95$23
46 years$947$550$305$164$86$20
47 years$916$525$287$151$78$18
48 years$887$501$269$140$71$16
49 years$859$478$253$129$64$14
50 years$832$457$238$119$58$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $852,000, adding $6,563 every year, while hoping to spend $24,444 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: 28/45/27 Blend
65$852,000$852,000$852,000$852,000
66$945,674$900,518$887,312$964,083
67$1,016,124$918,635$891,028$997,365
68$1,092,941$936,821$894,050$1,030,545
69$1,176,749$955,052$896,329$1,065,697
70$1,268,233$973,305$897,811$1,103,007
71$1,368,149$991,554$898,445$1,142,682
72$1,477,330$1,009,769$898,172$1,184,949
73$1,596,690$1,027,921$896,933$1,230,058
74$1,727,238$1,045,974$894,666$1,278,288
75$1,870,084$1,063,895$891,305$1,329,947
76$2,026,450$1,081,643$886,781$1,385,374
77$2,197,683$1,099,179$881,023$1,444,945
78$2,385,264$1,116,456$873,955$1,509,075
79$2,590,826$1,133,428$865,498$1,578,224
80$2,816,167$1,150,042$855,569$1,652,898
81$3,063,267$1,166,245$844,081$1,733,659
82$3,334,306$1,181,977$830,943$1,821,127
83$3,631,686$1,197,175$816,061$1,915,986
84$3,958,054$1,211,772$799,335$2,018,993
85$4,316,323$1,225,696$780,660$2,130,985
86$4,709,704$1,238,871$759,928$2,252,886
87$5,141,733$1,251,215$737,025$2,385,717
88$5,616,305$1,262,640$711,831$2,530,605
89$6,137,713$1,273,054$684,221$2,688,796
90$6,710,683$1,282,357$654,066$2,861,665
91$7,340,424$1,290,444$621,229$3,050,732
92$8,032,674$1,297,202$585,567$3,257,675
93$8,793,755$1,302,513$546,931$3,484,346
94$9,630,631$1,306,249$505,166$3,732,791
95$10,550,975$1,308,276$460,110$4,005,269
96$11,563,243$1,308,449$411,592$4,304,274
97$12,676,748$1,306,618$359,434$4,632,558
98$13,901,753$1,302,619$303,452$4,993,161
99$15,249,566$1,296,281$243,452$5,389,435
100$16,732,645$1,287,423$179,231$5,825,084