Can I retire at age 66 with 887,000?

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 $887,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.2%
1 years$73,248$72,595$71,959$71,337$70,731$69,502
2 years$36,261$35,586$34,931$34,297$33,681$32,447
3 years$23,934$23,256$22,603$21,974$21,369$20,168
4 years$17,772$17,095$16,449$15,831$15,240$14,082
5 years$14,075$13,403$12,765$12,160$11,585$10,473
6 years$11,612$10,945$10,316$9,724$9,167$8,102
7 years$9,853$9,191$8,573$7,995$7,455$6,437
8 years$8,534$7,879$7,270$6,707$6,185$5,214
9 years$7,509$6,860$6,262$5,713$5,209$4,284
10 years$6,689$6,047$5,459$4,924$4,438$3,559
11 years$6,019$5,383$4,806$4,286$3,817$2,983
12 years$5,461$4,831$4,265$3,759$3,308$2,517
13 years$4,990$4,366$3,811$3,319$2,884$2,137
14 years$4,585$3,969$3,424$2,946$2,528$1,822
15 years$4,236$3,625$3,092$2,627$2,226$1,560
16 years$3,930$3,326$2,803$2,352$1,967$1,339
17 years$3,660$3,063$2,551$2,114$1,745$1,153
18 years$3,421$2,831$2,328$1,905$1,551$995
19 years$3,207$2,623$2,131$1,721$1,383$861
20 years$3,015$2,438$1,956$1,559$1,235$746
21 years$2,841$2,271$1,799$1,415$1,105$647
22 years$2,683$2,120$1,658$1,286$991$562
23 years$2,539$1,983$1,531$1,172$889$489
24 years$2,408$1,857$1,416$1,068$799$425
25 years$2,287$1,743$1,312$976$719$370
26 years$2,175$1,638$1,216$892$648$323
27 years$2,072$1,542$1,130$817$584$282
28 years$1,977$1,453$1,050$748$527$246
29 years$1,888$1,371$977$686$476$214
30 years$1,806$1,294$910$630$430$187
31 years$1,728$1,224$849$578$389$164
32 years$1,656$1,158$792$532$352$143
33 years$1,588$1,096$739$489$318$125
34 years$1,525$1,039$691$450$288$109
35 years$1,465$986$646$414$261$96
36 years$1,409$936$604$381$236$84
37 years$1,356$889$565$351$214$73
38 years$1,305$844$529$324$194$64
39 years$1,258$803$496$299$176$56
40 years$1,213$764$465$275$160$49
41 years$1,170$727$436$254$145$43
42 years$1,129$693$409$234$132$37
43 years$1,091$660$384$216$119$33
44 years$1,054$629$360$200$108$29
45 years$1,019$600$338$185$98$25
46 years$985$572$318$170$89$22
47 years$954$546$298$158$81$19
48 years$923$521$280$146$74$17
49 years$894$498$264$135$67$15
50 years$866$476$248$124$61$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $887,000, adding $3,796 every year, while hoping to spend $36,077 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: 35/49/16 Blend
65$887,000$887,000$887,000$887,000
66$981,390$934,379$920,630$1,010,782
67$1,043,106$941,777$913,086$1,039,894
68$1,109,908$948,330$904,079$1,067,617
69$1,182,276$953,956$893,524$1,096,757
70$1,260,740$958,571$881,328$1,127,460
71$1,345,880$962,086$867,397$1,159,888
72$1,438,335$964,403$851,630$1,194,221
73$1,538,809$965,423$833,924$1,230,662
74$1,648,074$965,035$814,167$1,269,434
75$1,766,983$963,127$792,247$1,310,789
76$1,896,470$959,575$768,042$1,355,005
77$2,037,567$954,251$741,428$1,402,393
78$2,191,406$947,017$712,274$1,453,297
79$2,359,237$937,728$680,442$1,508,101
80$2,542,432$926,230$645,790$1,567,233
81$2,742,503$912,358$608,167$1,631,167
82$2,961,115$895,941$567,417$1,700,430
83$3,200,100$876,793$523,377$1,775,607
84$3,461,475$854,721$475,875$1,857,349
85$3,747,463$829,519$424,734$1,946,376
86$4,060,507$800,969$369,766$2,043,491
87$4,403,303$768,840$310,777$2,149,580
88$4,778,815$732,889$247,563$2,265,629
89$5,190,310$692,856$179,913$2,392,730
90$5,641,386$648,470$107,604$2,532,094
91$6,136,004$599,442$30,405$2,685,061
92$6,678,527$545,466$0$2,853,120
93$7,273,763$486,219$0$3,046,789
94$7,927,004$421,361$0$3,265,135
95$8,644,082$350,532$0$3,505,025
96$9,431,421$273,351$0$3,768,741
97$10,296,097$189,415$0$4,058,804
98$11,245,903$98,301$0$4,378,003
99$12,289,427$0$0$4,729,419
100$13,436,128$0$0$5,116,695