Can I retire at age 66 with 859,000?

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 $859,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13%
1 years$70,935$70,304$69,687$69,085$68,498$67,642
2 years$35,117$34,463$33,829$33,214$32,618$31,757
3 years$23,178$22,522$21,889$21,281$20,694$19,854
4 years$17,211$16,556$15,930$15,331$14,759$13,947
5 years$13,631$12,980$12,362$11,776$11,220$10,438
6 years$11,245$10,599$9,991$9,417$8,878$8,127
7 years$9,542$8,901$8,302$7,743$7,220$6,501
8 years$8,265$7,630$7,041$6,495$5,990$5,302
9 years$7,272$6,643$6,064$5,532$5,044$4,388
10 years$6,478$5,856$5,287$4,769$4,298$3,672
11 years$5,829$5,213$4,655$4,150$3,696$3,101
12 years$5,289$4,679$4,131$3,640$3,203$2,637
13 years$4,832$4,228$3,691$3,214$2,793$2,256
14 years$4,441$3,843$3,316$2,853$2,449$1,939
15 years$4,102$3,511$2,994$2,544$2,156$1,674
16 years$3,806$3,221$2,714$2,278$1,905$1,449
17 years$3,545$2,967$2,470$2,047$1,689$1,259
18 years$3,313$2,741$2,255$1,845$1,502$1,096
19 years$3,106$2,541$2,064$1,667$1,339$956
20 years$2,919$2,361$1,894$1,510$1,196$836
21 years$2,751$2,199$1,742$1,370$1,070$732
22 years$2,598$2,053$1,606$1,246$959$641
23 years$2,459$1,920$1,483$1,135$861$563
24 years$2,332$1,799$1,371$1,035$774$494
25 years$2,215$1,688$1,270$945$696$435
26 years$2,107$1,587$1,178$864$627$382
27 years$2,007$1,493$1,094$791$566$337
28 years$1,915$1,407$1,017$725$510$297
29 years$1,829$1,327$946$665$461$262
30 years$1,749$1,254$881$610$416$231
31 years$1,674$1,185$822$560$376$204
32 years$1,604$1,121$767$515$341$180
33 years$1,538$1,062$716$473$308$159
34 years$1,477$1,006$669$436$279$140
35 years$1,419$955$625$401$253$124
36 years$1,364$906$585$369$229$109
37 years$1,313$860$548$340$208$97
38 years$1,264$818$513$314$188$85
39 years$1,218$778$480$289$171$75
40 years$1,174$740$450$267$155$67
41 years$1,133$704$422$246$140$59
42 years$1,094$671$396$227$127$52
43 years$1,056$639$372$210$116$46
44 years$1,021$609$349$194$105$41
45 years$987$581$328$179$95$36
46 years$954$554$308$165$87$32
47 years$923$529$289$153$79$28
48 years$894$505$272$141$71$25
49 years$866$482$255$130$65$22
50 years$839$461$240$120$59$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $859,000, adding $6,163 every year, while hoping to spend $40,210 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: 59/21/20 Blend
65$859,000$859,000$859,000$859,000
66$952,975$907,448$894,134$1,003,834
67$1,007,395$909,130$881,304$1,040,728
68$1,066,019$909,547$866,697$1,076,020
69$1,129,232$908,593$850,210$1,113,609
70$1,197,459$906,160$831,738$1,153,725
71$1,271,166$902,128$811,167$1,196,622
72$1,350,865$896,372$788,381$1,242,581
73$1,437,120$888,761$763,259$1,291,914
74$1,530,550$879,154$735,671$1,344,967
75$1,631,835$867,401$705,485$1,402,121
76$1,741,724$853,346$672,561$1,463,800
77$1,861,040$836,820$636,752$1,530,473
78$1,990,688$817,647$597,906$1,602,656
79$2,131,665$795,638$555,862$1,680,924
80$2,285,067$770,596$510,455$1,765,912
81$2,452,098$742,310$461,510$1,858,320
82$2,634,087$710,558$408,845$1,958,925
83$2,832,492$675,103$352,270$2,068,585
84$3,048,921$635,698$291,586$2,188,250
85$3,285,142$592,079$226,585$2,318,968
86$3,543,103$543,967$157,052$2,461,900
87$3,824,947$491,068$82,760$2,618,327
88$4,133,032$433,072$3,474$2,789,667
89$4,469,957$369,648$0$2,977,485
90$4,838,583$300,451$0$3,200,827
91$5,242,058$225,112$0$3,446,206
92$5,683,850$143,246$0$3,715,048
93$6,167,780$54,441$0$4,009,748
94$6,698,051$0$0$4,332,942
95$7,279,297$0$0$4,697,187
96$7,916,618$0$0$5,110,437
97$8,615,633$0$0$5,563,764
98$9,382,530$0$0$6,061,190
99$10,224,126$0$0$6,607,146
100$11,147,930$0$0$7,206,512