Can I retire at age 66 with 799,000?

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 $799,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.9%
1 years$65,981$65,393$64,820$64,260$63,713$61,185
2 years$32,664$32,055$31,466$30,894$30,340$27,824
3 years$21,559$20,949$20,360$19,794$19,249$16,825
4 years$16,008$15,399$14,817$14,261$13,728$11,415
5 years$12,679$12,073$11,499$10,954$10,436$8,238
6 years$10,460$9,859$9,293$8,760$8,258$6,177
7 years$8,875$8,279$7,722$7,202$6,716$4,752
8 years$7,687$7,097$6,549$6,041$5,571$3,722
9 years$6,764$6,179$5,641$5,146$4,692$2,954
10 years$6,026$5,447$4,918$4,436$3,998$2,369
11 years$5,422$4,849$4,329$3,860$3,438$1,914
12 years$4,919$4,352$3,842$3,386$2,979$1,556
13 years$4,494$3,933$3,433$2,989$2,598$1,270
14 years$4,131$3,575$3,084$2,654$2,278$1,042
15 years$3,815$3,266$2,785$2,367$2,005$857
16 years$3,540$2,996$2,525$2,119$1,772$706
17 years$3,297$2,759$2,298$1,904$1,571$583
18 years$3,081$2,550$2,097$1,716$1,397$483
19 years$2,889$2,363$1,920$1,550$1,245$400
20 years$2,716$2,196$1,762$1,404$1,112$332
21 years$2,559$2,045$1,621$1,274$995$275
22 years$2,417$1,909$1,494$1,159$892$229
23 years$2,287$1,786$1,379$1,055$801$190
24 years$2,169$1,673$1,276$962$720$158
25 years$2,060$1,570$1,181$879$648$132
26 years$1,960$1,476$1,096$804$584$110
27 years$1,867$1,389$1,017$736$526$91
28 years$1,781$1,309$946$674$475$76
29 years$1,701$1,235$880$618$429$63
30 years$1,626$1,166$820$567$387$53
31 years$1,557$1,102$764$521$350$44
32 years$1,492$1,043$713$479$317$37
33 years$1,431$988$666$440$287$31
34 years$1,374$936$622$405$260$26
35 years$1,320$888$582$373$235$21
36 years$1,269$843$544$343$213$18
37 years$1,221$800$509$316$193$15
38 years$1,176$761$477$292$175$12
39 years$1,133$723$447$269$159$10
40 years$1,092$688$419$248$144$9
41 years$1,054$655$393$229$131$7
42 years$1,017$624$368$211$119$6
43 years$982$594$346$195$108$5
44 years$949$567$324$180$98$4
45 years$918$540$305$166$89$3
46 years$888$515$286$154$80$3
47 years$859$492$269$142$73$2
48 years$831$470$253$131$66$2
49 years$805$448$237$121$60$2
50 years$780$428$223$112$55$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $799,000, adding $5,171 every year, while hoping to spend $24,788 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: 54/19/27 Blend
65$799,000$799,000$799,000$799,000
66$885,832$843,485$831,100$926,779
67$949,812$858,441$832,568$970,571
68$1,019,488$873,300$833,254$1,015,248
69$1,095,414$888,030$833,106$1,063,387
70$1,178,200$902,597$832,069$1,115,331
71$1,268,519$916,967$830,086$1,171,455
72$1,367,110$931,100$827,095$1,232,176
73$1,474,787$944,955$823,035$1,297,952
74$1,592,446$958,489$817,837$1,369,289
75$1,721,074$971,654$811,433$1,446,746
76$1,861,757$984,399$803,750$1,530,938
77$2,015,692$996,670$794,712$1,622,546
78$2,184,196$1,008,409$784,237$1,722,319
79$2,368,718$1,019,556$772,243$1,831,085
80$2,570,856$1,030,043$758,642$1,949,757
81$2,792,369$1,039,800$743,342$2,079,341
82$3,035,193$1,048,754$726,247$2,220,950
83$3,301,463$1,056,823$707,257$2,375,808
84$3,593,528$1,063,922$686,265$2,545,267
85$3,913,976$1,069,963$663,163$2,730,820
86$4,265,657$1,074,847$637,835$2,934,111
87$4,651,713$1,078,473$610,161$3,156,955
88$5,075,601$1,080,731$580,015$3,401,354
89$5,541,132$1,081,507$547,266$3,669,516
90$6,052,504$1,080,678$511,775$3,963,875
91$6,614,341$1,078,112$473,401$4,287,118
92$7,231,736$1,073,671$431,992$4,642,205
93$7,910,301$1,067,210$387,392$5,032,405
94$8,656,219$1,058,570$339,437$5,461,319
95$9,476,302$1,047,588$287,956$5,932,921
96$10,378,053$1,034,088$232,771$6,451,590
97$11,369,740$1,017,885$173,695$7,022,159
98$12,460,473$998,781$110,533$7,649,955
99$13,660,288$976,568$43,083$8,340,851
100$14,980,243$951,025$0$9,101,326