Can I retire at age 66 with 891,000?

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 $891,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.3%
1 years$73,578$72,923$72,283$71,659$71,050$68,941
2 years$36,425$35,746$35,089$34,451$33,833$31,726
3 years$24,042$23,361$22,705$22,073$21,465$19,426
4 years$17,852$17,173$16,523$15,903$15,309$13,353
5 years$14,139$13,463$12,823$12,215$11,638$9,770
6 years$11,664$10,994$10,363$9,768$9,209$7,432
7 years$9,897$9,233$8,611$8,031$7,489$5,802
8 years$8,573$7,914$7,303$6,737$6,213$4,615
9 years$7,543$6,891$6,290$5,738$5,232$3,722
10 years$6,720$6,074$5,484$4,947$4,458$3,034
11 years$6,046$5,407$4,828$4,305$3,834$2,493
12 years$5,486$4,853$4,285$3,776$3,323$2,062
13 years$5,012$4,386$3,828$3,334$2,897$1,714
14 years$4,606$3,987$3,440$2,959$2,540$1,431
15 years$4,255$3,642$3,105$2,639$2,236$1,199
16 years$3,947$3,341$2,816$2,363$1,976$1,007
17 years$3,677$3,077$2,562$2,123$1,752$848
18 years$3,436$2,843$2,339$1,913$1,558$715
19 years$3,221$2,635$2,141$1,729$1,389$604
20 years$3,028$2,449$1,965$1,566$1,240$511
21 years$2,854$2,281$1,807$1,421$1,110$433
22 years$2,695$2,129$1,666$1,292$995$367
23 years$2,551$1,991$1,538$1,177$893$312
24 years$2,419$1,866$1,422$1,073$803$265
25 years$2,297$1,751$1,317$980$722$225
26 years$2,185$1,646$1,222$896$651$191
27 years$2,082$1,549$1,135$820$587$163
28 years$1,986$1,459$1,055$752$529$138
29 years$1,897$1,377$982$689$478$118
30 years$1,814$1,300$914$633$432$100
31 years$1,736$1,229$852$581$391$85
32 years$1,664$1,163$795$534$353$73
33 years$1,596$1,101$743$491$320$62
34 years$1,532$1,044$694$452$289$53
35 years$1,472$990$649$416$262$45
36 years$1,415$940$607$383$238$38
37 years$1,362$893$568$353$215$33
38 years$1,311$848$532$325$195$28
39 years$1,263$807$498$300$177$24
40 years$1,218$767$467$277$161$20
41 years$1,175$730$438$255$146$17
42 years$1,134$696$411$236$132$15
43 years$1,096$663$385$217$120$13
44 years$1,059$632$362$201$109$11
45 years$1,023$603$340$185$99$9
46 years$990$575$319$171$90$8
47 years$958$549$300$158$81$7
48 years$927$524$282$146$74$6
49 years$898$500$265$135$67$5
50 years$870$478$249$125$61$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $891,000, adding $6,725 every year, while hoping to spend $21,664 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: 65/14/21 Blend
65$891,000$891,000$891,000$891,000
66$988,819$941,596$927,785$1,047,379
67$1,066,628$964,684$935,816$1,110,652
68$1,151,648$988,177$943,389$1,176,704
69$1,244,590$1,012,072$950,467$1,248,384
70$1,346,241$1,036,366$957,010$1,326,246
71$1,457,462$1,061,053$962,975$1,410,899
72$1,579,207$1,086,128$968,318$1,503,012
73$1,712,521$1,111,583$972,992$1,603,326
74$1,858,559$1,137,412$976,948$1,712,655
75$2,018,591$1,163,603$980,134$1,831,896
76$2,194,015$1,190,148$982,497$1,962,038
77$2,386,373$1,217,033$983,979$2,104,171
78$2,597,361$1,244,246$984,520$2,259,495
79$2,828,849$1,271,771$984,058$2,429,334
80$3,082,894$1,299,591$982,528$2,615,145
81$3,361,766$1,327,688$979,859$2,818,535
82$3,667,962$1,356,040$975,980$3,041,275
83$4,004,234$1,384,626$970,815$3,285,316
84$4,373,613$1,413,419$964,284$3,552,809
85$4,779,438$1,442,394$956,305$3,846,124
86$5,225,389$1,471,519$946,789$4,167,872
87$5,715,518$1,500,763$935,645$4,520,932
88$6,254,289$1,530,089$922,778$4,908,477
89$6,846,623$1,559,460$908,088$5,334,003
90$7,497,939$1,588,833$891,469$5,801,362
91$8,214,206$1,618,164$872,811$6,314,801
92$9,002,005$1,647,403$851,999$6,879,001
93$9,868,582$1,676,499$828,914$7,499,120
94$10,821,925$1,705,394$803,430$8,180,842
95$11,870,830$1,734,028$775,414$8,930,432
96$13,024,994$1,762,334$744,729$9,754,796
97$14,295,097$1,790,242$711,232$10,661,542
98$15,692,910$1,817,677$674,771$11,659,059
99$17,231,401$1,844,558$635,190$12,756,590
100$18,924,859$1,870,796$592,324$13,964,321