Can I retire at age 66 with 864,000?

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 $864,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$71,348$70,713$70,093$69,488$68,897$68,205
2 years$35,321$34,663$34,026$33,407$32,808$32,112
3 years$23,313$22,653$22,017$21,404$20,815$20,135
4 years$17,311$16,652$16,023$15,421$14,845$14,188
5 years$13,710$13,055$12,434$11,845$11,285$10,651
6 years$11,311$10,661$10,049$9,472$8,930$8,320
7 years$9,597$8,953$8,350$7,788$7,262$6,678
8 years$8,313$7,674$7,082$6,533$6,025$5,465
9 years$7,314$6,682$6,100$5,565$5,074$4,538
10 years$6,516$5,890$5,318$4,797$4,323$3,812
11 years$5,863$5,243$4,682$4,175$3,718$3,231
12 years$5,320$4,706$4,155$3,662$3,222$2,758
13 years$4,860$4,253$3,712$3,233$2,810$2,369
14 years$4,467$3,866$3,335$2,870$2,463$2,044
15 years$4,126$3,531$3,011$2,559$2,168$1,771
16 years$3,828$3,240$2,730$2,291$1,916$1,540
17 years$3,565$2,984$2,484$2,059$1,699$1,344
18 years$3,332$2,757$2,268$1,855$1,511$1,175
19 years$3,124$2,555$2,076$1,677$1,347$1,029
20 years$2,936$2,375$1,905$1,518$1,203$904
21 years$2,767$2,212$1,753$1,378$1,076$795
22 years$2,614$2,065$1,615$1,253$965$700
23 years$2,474$1,931$1,491$1,141$866$617
24 years$2,345$1,809$1,379$1,041$779$544
25 years$2,228$1,698$1,278$951$701$481
26 years$2,119$1,596$1,185$869$631$425
27 years$2,019$1,502$1,100$795$569$376
28 years$1,926$1,415$1,023$729$513$333
29 years$1,839$1,335$952$668$464$295
30 years$1,759$1,261$887$613$419$262
31 years$1,684$1,192$827$563$379$232
32 years$1,613$1,128$771$518$343$206
33 years$1,547$1,068$720$476$310$182
34 years$1,485$1,012$673$438$281$162
35 years$1,427$960$629$403$254$144
36 years$1,372$911$588$371$230$128
37 years$1,320$865$551$342$209$113
38 years$1,271$823$516$315$189$101
39 years$1,225$782$483$291$172$90
40 years$1,181$744$453$268$156$80
41 years$1,140$708$425$247$141$71
42 years$1,100$675$398$228$128$63
43 years$1,062$643$374$211$116$56
44 years$1,027$613$351$195$106$50
45 years$992$584$329$180$96$44
46 years$960$557$309$166$87$39
47 years$929$532$291$153$79$35
48 years$899$508$273$142$72$31
49 years$871$485$257$131$65$28
50 years$844$463$241$121$59$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $864,000, adding $6,443 every year, while hoping to spend $27,670 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: 59/24/17 Blend
65$864,000$864,000$864,000$864,000
66$958,774$912,982$899,590$1,010,765
67$1,027,128$928,277$900,286$1,061,983
68$1,101,527$943,395$900,077$1,114,197
69$1,182,558$958,297$898,905$1,170,502
70$1,270,868$972,942$896,707$1,231,296
71$1,367,167$987,287$893,417$1,297,021
72$1,472,239$1,001,285$888,968$1,368,160
73$1,586,946$1,014,886$883,286$1,445,250
74$1,712,235$1,028,036$876,297$1,528,880
75$1,849,152$1,040,679$867,922$1,619,702
76$1,998,846$1,052,752$858,078$1,718,432
77$2,162,582$1,064,191$846,678$1,825,862
78$2,341,755$1,074,926$833,631$1,942,865
79$2,537,899$1,084,883$818,843$2,070,404
80$2,752,705$1,093,982$802,214$2,209,540
81$2,988,032$1,102,139$783,639$2,361,443
82$3,245,932$1,109,264$763,012$2,527,405
83$3,528,660$1,115,261$740,216$2,708,849
84$3,838,704$1,120,029$715,133$2,907,345
85$4,178,801$1,123,459$687,639$3,124,624
86$4,551,967$1,125,437$657,604$3,362,596
87$4,961,524$1,125,840$624,890$3,623,365
88$5,411,132$1,124,538$589,356$3,909,254
89$5,904,820$1,121,394$550,853$4,222,822
90$6,447,031$1,116,261$509,225$4,566,893
91$7,042,654$1,108,984$464,310$4,944,579
92$7,697,078$1,099,398$415,938$5,359,312
93$8,416,240$1,087,329$363,932$5,814,877
94$9,206,680$1,072,591$308,107$6,315,448
95$10,075,602$1,054,988$248,269$6,865,625
96$11,030,944$1,034,313$184,217$7,470,482
97$12,081,451$1,010,345$115,739$8,135,613
98$13,236,759$982,852$42,615$8,867,184
99$14,507,482$951,586$0$9,671,995
100$15,905,317$916,285$0$10,563,969