Can I retire at age 66 with 881,000?

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 $881,000?

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$72,752$72,104$71,472$70,855$70,252$69,003
2 years$36,016$35,345$34,695$34,065$33,453$32,199
3 years$23,772$23,098$22,450$21,826$21,224$20,004
4 years$17,651$16,980$16,338$15,724$15,137$13,961
5 years$13,980$13,312$12,679$12,078$11,507$10,377
6 years$11,533$10,871$10,246$9,659$9,105$8,023
7 years$9,786$9,129$8,515$7,941$7,405$6,371
8 years$8,476$7,825$7,221$6,661$6,143$5,158
9 years$7,458$6,813$6,220$5,674$5,173$4,235
10 years$6,644$6,006$5,422$4,891$4,408$3,517
11 years$5,979$5,346$4,774$4,257$3,791$2,945
12 years$5,424$4,799$4,237$3,734$3,285$2,484
13 years$4,956$4,337$3,785$3,296$2,865$2,107
14 years$4,554$3,942$3,401$2,926$2,511$1,795
15 years$4,207$3,601$3,071$2,610$2,211$1,536
16 years$3,903$3,304$2,784$2,337$1,954$1,318
17 years$3,635$3,043$2,533$2,099$1,733$1,134
18 years$3,398$2,812$2,313$1,892$1,541$978
19 years$3,185$2,606$2,117$1,710$1,373$845
20 years$2,994$2,421$1,943$1,548$1,227$732
21 years$2,822$2,255$1,787$1,405$1,098$634
22 years$2,665$2,105$1,647$1,278$984$551
23 years$2,522$1,969$1,521$1,164$883$478
24 years$2,391$1,845$1,406$1,061$794$416
25 years$2,271$1,731$1,303$969$714$362
26 years$2,161$1,627$1,208$886$643$315
27 years$2,058$1,531$1,122$811$580$275
28 years$1,964$1,443$1,043$743$523$240
29 years$1,875$1,361$971$682$473$209
30 years$1,793$1,286$904$625$427$182
31 years$1,717$1,215$843$574$386$159
32 years$1,645$1,150$786$528$349$139
33 years$1,578$1,089$734$485$316$121
34 years$1,515$1,032$686$447$286$106
35 years$1,455$979$641$411$259$93
36 years$1,399$929$600$379$235$81
37 years$1,346$883$562$349$213$71
38 years$1,296$839$526$322$193$62
39 years$1,249$798$493$297$175$54
40 years$1,204$759$462$274$159$47
41 years$1,162$722$433$252$144$41
42 years$1,122$688$406$233$131$36
43 years$1,083$655$381$215$119$32
44 years$1,047$625$358$199$108$28
45 years$1,012$596$336$183$98$24
46 years$979$568$316$169$89$21
47 years$947$542$296$156$81$18
48 years$917$518$279$145$73$16
49 years$888$494$262$134$66$14
50 years$860$472$246$123$60$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $881,000, adding $4,113 every year, while hoping to spend $39,043 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: 62/22/16 Blend
65$881,000$881,000$881,000$881,000
66$975,105$928,412$914,756$1,031,417
67$1,033,024$932,362$903,859$1,073,733
68$1,095,542$935,198$891,288$1,115,128
69$1,163,088$936,823$876,947$1,159,389
70$1,236,131$937,135$860,732$1,206,796
71$1,315,188$936,027$842,539$1,257,660
72$1,400,827$933,382$822,254$1,312,326
73$1,493,674$929,080$799,762$1,371,172
74$1,594,415$922,991$774,940$1,434,617
75$1,703,805$914,978$747,661$1,503,126
76$1,822,677$904,896$717,791$1,577,211
77$1,951,943$892,589$685,190$1,657,437
78$2,092,611$877,895$649,713$1,744,431
79$2,245,785$860,640$611,207$1,838,882
80$2,412,685$840,641$569,512$1,941,556
81$2,594,651$817,704$524,462$2,053,294
82$2,793,156$791,623$475,883$2,175,030
83$3,009,826$762,180$423,593$2,307,791
84$3,246,447$729,146$367,402$2,452,715
85$3,504,986$692,275$307,111$2,611,057
86$3,787,609$651,312$242,514$2,784,202
87$4,096,701$605,981$173,394$2,973,683
88$4,434,887$555,997$99,525$3,181,188
89$4,805,058$501,054$20,672$3,408,584
90$5,210,398$440,829$0$3,657,931
91$5,654,412$374,983$0$3,942,340
92$6,140,961$303,156$0$4,257,957
93$6,674,296$224,968$0$4,604,065
94$7,259,101$140,018$0$4,983,770
95$7,900,533$47,882$0$5,400,499
96$8,604,272$0$0$5,858,029
97$9,376,576$0$0$6,373,087
98$10,224,338$0$0$6,951,261
99$11,155,148$0$0$7,586,143
100$12,177,371$0$0$8,283,449