Can I retire at age 66 with 868,000?

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 $868,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$71,679$71,040$70,417$69,809$69,216$67,957
2 years$35,484$34,824$34,183$33,562$32,960$31,696
3 years$23,421$22,758$22,119$21,504$20,911$19,682
4 years$17,391$16,729$16,097$15,492$14,914$13,729
5 years$13,774$13,116$12,492$11,899$11,337$10,200
6 years$11,363$10,710$10,095$9,516$8,971$7,882
7 years$9,642$8,994$8,389$7,824$7,296$6,255
8 years$8,351$7,710$7,115$6,563$6,052$5,061
9 years$7,348$6,713$6,128$5,590$5,097$4,153
10 years$6,546$5,917$5,342$4,819$4,343$3,446
11 years$5,890$5,268$4,703$4,194$3,735$2,885
12 years$5,344$4,728$4,174$3,679$3,237$2,431
13 years$4,883$4,273$3,729$3,248$2,823$2,061
14 years$4,487$3,884$3,351$2,883$2,474$1,755
15 years$4,145$3,548$3,025$2,571$2,178$1,500
16 years$3,846$3,255$2,743$2,302$1,925$1,287
17 years$3,582$2,998$2,496$2,068$1,707$1,106
18 years$3,348$2,770$2,278$1,864$1,518$953
19 years$3,138$2,567$2,086$1,684$1,353$823
20 years$2,950$2,386$1,914$1,525$1,208$712
21 years$2,780$2,222$1,761$1,384$1,081$617
22 years$2,626$2,074$1,623$1,259$969$535
23 years$2,485$1,940$1,498$1,146$870$464
24 years$2,356$1,818$1,386$1,046$782$404
25 years$2,238$1,706$1,283$955$704$351
26 years$2,129$1,603$1,190$873$634$305
27 years$2,028$1,509$1,105$799$572$266
28 years$1,935$1,422$1,028$732$516$232
29 years$1,848$1,341$956$671$466$202
30 years$1,767$1,267$891$616$421$176
31 years$1,691$1,197$830$566$380$154
32 years$1,621$1,133$775$520$344$134
33 years$1,554$1,073$723$478$311$117
34 years$1,492$1,017$676$440$282$102
35 years$1,434$965$632$405$255$89
36 years$1,379$915$591$373$231$78
37 years$1,327$870$553$344$210$68
38 years$1,277$826$518$317$190$59
39 years$1,231$786$485$292$172$52
40 years$1,187$748$455$269$156$45
41 years$1,145$712$427$249$142$40
42 years$1,105$678$400$229$129$35
43 years$1,067$646$376$212$117$30
44 years$1,031$616$353$196$106$26
45 years$997$587$331$181$96$23
46 years$964$560$311$167$87$20
47 years$933$534$292$154$79$18
48 years$903$510$274$142$72$15
49 years$875$487$258$132$65$13
50 years$847$465$243$122$59$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $868,000, adding $6,398 every year, while hoping to spend $47,772 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: 46/26/28 Blend
65$868,000$868,000$868,000$868,000
66$963,136$917,132$903,678$999,422
67$1,010,546$911,242$883,122$1,019,865
68$1,061,192$903,463$860,276$1,036,916
69$1,115,352$893,651$835,014$1,054,498
70$1,173,332$881,654$807,201$1,072,687
71$1,235,470$867,313$776,700$1,091,569
72$1,302,133$850,456$743,364$1,111,243
73$1,373,725$830,904$707,042$1,131,820
74$1,450,692$808,464$667,575$1,153,428
75$1,533,520$782,937$624,796$1,176,211
76$1,622,744$754,106$578,532$1,200,331
77$1,718,953$721,746$528,601$1,225,972
78$1,822,791$685,616$474,815$1,253,342
79$1,934,969$645,465$416,975$1,282,674
80$2,056,266$601,023$354,873$1,314,231
81$2,187,540$552,007$288,296$1,348,306
82$2,329,731$498,118$217,016$1,385,232
83$2,483,876$439,039$140,799$1,425,378
84$2,651,115$374,434$59,399$1,469,161
85$2,832,699$303,952$0$1,517,044
86$3,030,006$227,218$0$1,577,753
87$3,244,553$143,838$0$1,663,134
88$3,478,006$53,394$0$1,756,152
89$3,732,200$0$0$1,857,618
90$4,009,155$0$0$1,981,174
91$4,311,091$0$0$2,132,620
92$4,640,455$0$0$2,297,919
93$4,999,937$0$0$2,478,433
94$5,392,500$0$0$2,675,663
95$5,821,405$0$0$2,891,260
96$6,290,243$0$0$3,127,042
97$6,802,967$0$0$3,385,011
98$7,363,929$0$0$3,667,372
99$7,977,921$0$0$3,976,552
100$8,650,221$0$0$4,315,225