Can I retire at age 66 with 801,000?

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 $801,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$66,146$65,557$64,982$64,421$63,873$63,049
2 years$32,745$32,136$31,545$30,972$30,416$29,586
3 years$21,613$21,001$20,411$19,844$19,297$18,488
4 years$16,049$15,438$14,854$14,296$13,763$12,981
5 years$12,710$12,104$11,528$10,981$10,462$9,710
6 years$10,486$9,883$9,316$8,782$8,278$7,556
7 years$8,897$8,300$7,742$7,220$6,733$6,041
8 years$7,707$7,115$6,565$6,056$5,585$4,924
9 years$6,781$6,195$5,655$5,159$4,704$4,073
10 years$6,041$5,460$4,930$4,447$4,008$3,406
11 years$5,436$4,861$4,340$3,870$3,447$2,874
12 years$4,932$4,363$3,852$3,395$2,987$2,443
13 years$4,506$3,943$3,441$2,997$2,605$2,089
14 years$4,141$3,584$3,092$2,660$2,283$1,794
15 years$3,825$3,274$2,792$2,373$2,010$1,547
16 years$3,549$3,004$2,531$2,124$1,777$1,339
17 years$3,305$2,766$2,303$1,909$1,575$1,162
18 years$3,089$2,556$2,103$1,720$1,401$1,011
19 years$2,896$2,369$1,925$1,554$1,249$881
20 years$2,722$2,202$1,767$1,408$1,115$770
21 years$2,565$2,051$1,625$1,278$998$673
22 years$2,423$1,914$1,498$1,162$895$590
23 years$2,293$1,790$1,383$1,058$803$517
24 years$2,174$1,677$1,279$965$722$454
25 years$2,065$1,574$1,184$881$649$399
26 years$1,964$1,479$1,098$806$585$351
27 years$1,871$1,392$1,020$737$527$309
28 years$1,785$1,312$948$676$476$272
29 years$1,705$1,238$882$620$430$239
30 years$1,630$1,169$822$569$388$211
31 years$1,561$1,105$766$522$351$186
32 years$1,496$1,046$715$480$318$164
33 years$1,434$990$668$441$287$145
34 years$1,377$938$624$406$260$128
35 years$1,323$890$583$374$236$113
36 years$1,272$845$546$344$214$99
37 years$1,224$802$511$317$194$88
38 years$1,179$763$478$292$175$78
39 years$1,136$725$448$270$159$68
40 years$1,095$690$420$249$144$60
41 years$1,056$657$394$229$131$53
42 years$1,020$625$369$212$119$47
43 years$985$596$347$195$108$42
44 years$952$568$325$180$98$37
45 years$920$542$305$167$89$33
46 years$890$517$287$154$81$29
47 years$861$493$270$142$73$25
48 years$834$471$253$131$67$22
49 years$807$450$238$121$60$20
50 years$782$429$224$112$55$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $801,000, adding $3,577 every year, while hoping to spend $22,665 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: 50/34/16 Blend
65$801,000$801,000$801,000$801,000
66$886,392$843,939$831,523$926,632
67$952,688$861,176$835,264$971,958
68$1,024,987$878,499$838,370$1,018,543
69$1,103,878$895,887$840,797$1,068,671
70$1,190,006$913,318$842,497$1,122,685
71$1,284,086$930,770$843,420$1,180,962
72$1,386,903$948,218$843,514$1,243,914
73$1,499,319$965,633$842,724$1,312,001
74$1,622,287$982,986$840,993$1,385,727
75$1,756,854$1,000,246$838,260$1,465,646
76$1,904,173$1,017,378$834,462$1,552,372
77$2,065,515$1,034,346$829,532$1,646,581
78$2,242,277$1,051,109$823,401$1,749,018
79$2,436,001$1,067,625$815,997$1,860,504
80$2,648,383$1,083,848$807,242$1,981,945
81$2,881,290$1,099,729$797,057$2,114,340
82$3,136,782$1,115,215$785,358$2,258,790
83$3,417,124$1,130,251$772,058$2,416,510
84$3,724,813$1,144,776$757,065$2,588,839
85$4,062,599$1,158,725$740,282$2,777,254
86$4,433,512$1,172,031$721,609$2,983,382
87$4,840,889$1,184,619$700,942$3,209,018
88$5,288,406$1,196,412$678,170$3,456,144
89$5,780,113$1,207,325$653,177$3,726,940
90$6,320,471$1,217,270$625,845$4,023,814
91$6,914,395$1,226,152$596,047$4,349,420
92$7,567,300$1,233,871$563,651$4,706,683
93$8,285,152$1,240,318$528,521$5,098,831
94$9,074,523$1,245,380$490,513$5,529,419
95$9,942,656$1,248,934$449,476$6,002,370
96$10,897,528$1,250,853$405,254$6,522,008
97$11,947,929$1,250,998$357,684$7,093,102
98$13,103,545$1,249,225$306,594$7,720,906
99$14,375,048$1,245,377$251,805$8,411,217
100$15,774,194$1,239,292$193,132$9,170,423