Can I retire at age 66 with 854,000?

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 $854,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.8%
1 years$70,523$69,894$69,281$68,683$68,099$66,751
2 years$34,912$34,262$33,632$33,021$32,428$31,076
3 years$23,044$22,391$21,762$21,157$20,574$19,259
4 years$17,110$16,459$15,837$15,242$14,673$13,407
5 years$13,551$12,904$12,290$11,708$11,154$9,940
6 years$11,180$10,537$9,932$9,363$8,826$7,664
7 years$9,486$8,849$8,254$7,697$7,178$6,069
8 years$8,217$7,585$7,000$6,457$5,955$4,899
9 years$7,230$6,605$6,029$5,500$5,015$4,011
10 years$6,441$5,822$5,256$4,741$4,273$3,320
11 years$5,795$5,183$4,628$4,126$3,675$2,772
12 years$5,258$4,652$4,107$3,619$3,185$2,330
13 years$4,804$4,204$3,669$3,195$2,777$1,970
14 years$4,415$3,821$3,297$2,836$2,434$1,673
15 years$4,078$3,491$2,977$2,530$2,143$1,426
16 years$3,784$3,203$2,699$2,265$1,894$1,220
17 years$3,524$2,949$2,456$2,035$1,680$1,046
18 years$3,294$2,725$2,242$1,834$1,493$899
19 years$3,088$2,526$2,052$1,657$1,331$774
20 years$2,902$2,347$1,883$1,501$1,189$667
21 years$2,735$2,186$1,732$1,362$1,064$576
22 years$2,583$2,041$1,597$1,239$954$498
23 years$2,445$1,909$1,474$1,128$856$431
24 years$2,318$1,788$1,363$1,029$770$373
25 years$2,202$1,678$1,263$940$692$324
26 years$2,094$1,577$1,171$859$624$281
27 years$1,995$1,484$1,088$786$562$244
28 years$1,903$1,399$1,011$720$507$212
29 years$1,818$1,320$941$661$458$184
30 years$1,738$1,246$876$606$414$160
31 years$1,664$1,178$817$557$374$139
32 years$1,595$1,115$762$512$339$121
33 years$1,529$1,056$712$471$306$105
34 years$1,468$1,001$665$433$277$91
35 years$1,411$949$622$399$251$79
36 years$1,356$901$582$367$228$69
37 years$1,305$855$544$338$206$60
38 years$1,257$813$510$312$187$52
39 years$1,211$773$478$287$170$46
40 years$1,168$736$448$265$154$40
41 years$1,126$700$420$245$140$35
42 years$1,087$667$394$226$127$30
43 years$1,050$635$369$208$115$26
44 years$1,015$606$347$192$104$23
45 years$981$577$326$178$95$20
46 years$949$551$306$164$86$17
47 years$918$526$287$152$78$15
48 years$889$502$270$140$71$13
49 years$861$479$254$130$64$11
50 years$834$458$239$120$59$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $854,000, adding $2,704 every year, while hoping to spend $20,269 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: 51/32/17 Blend
65$854,000$854,000$854,000$854,000
66$943,897$898,635$885,398$987,498
67$1,018,609$921,102$893,493$1,040,239
68$1,100,261$943,991$901,180$1,095,213
69$1,189,542$967,300$908,423$1,154,539
70$1,287,206$991,029$915,186$1,218,635
71$1,394,087$1,015,175$921,430$1,287,961
72$1,511,100$1,039,735$927,115$1,363,024
73$1,639,255$1,064,705$932,196$1,444,383
74$1,779,664$1,090,081$936,630$1,532,653
75$1,933,551$1,115,855$940,368$1,628,511
76$2,102,263$1,142,023$943,360$1,732,704
77$2,287,286$1,168,574$945,555$1,846,055
78$2,490,255$1,195,500$946,897$1,969,470
79$2,712,972$1,222,790$947,328$2,103,948
80$2,957,420$1,250,431$946,788$2,250,588
81$3,225,784$1,278,410$945,214$2,410,605
82$3,520,474$1,306,711$942,538$2,585,333
83$3,844,140$1,335,318$938,690$2,776,246
84$4,199,704$1,364,210$933,598$2,984,966
85$4,590,384$1,393,367$927,185$3,213,281
86$5,019,727$1,422,766$919,369$3,463,163
87$5,491,638$1,452,380$910,067$3,736,783
88$6,010,421$1,482,183$899,190$4,036,535
89$6,580,817$1,512,143$886,645$4,365,057
90$7,208,049$1,542,226$872,337$4,725,257
91$7,897,872$1,572,398$856,163$5,120,340
92$8,656,627$1,602,618$838,016$5,553,837
93$9,491,301$1,632,844$817,787$6,029,640
94$10,409,589$1,663,029$795,359$6,552,040
95$11,419,974$1,693,123$770,610$7,125,766
96$12,531,799$1,723,074$743,413$7,756,028
97$13,755,360$1,752,822$713,635$8,448,570
98$15,102,001$1,782,306$681,137$9,209,723
99$16,584,224$1,811,457$645,773$10,046,465
100$18,215,800$1,840,204$607,392$10,966,484