Can I retire at age 66 with 801,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%19.5%
1 years$66,146$65,557$64,982$64,421$63,873$61,436
2 years$32,745$32,136$31,545$30,972$30,416$27,989
3 years$21,613$21,001$20,411$19,844$19,297$16,957
4 years$16,049$15,438$14,854$14,296$13,763$11,527
5 years$12,710$12,104$11,528$10,981$10,462$8,337
6 years$10,486$9,883$9,316$8,782$8,278$6,265
7 years$8,897$8,300$7,742$7,220$6,733$4,831
8 years$7,707$7,115$6,565$6,056$5,585$3,793
9 years$6,781$6,195$5,655$5,159$4,704$3,018
10 years$6,041$5,460$4,930$4,447$4,008$2,426
11 years$5,436$4,861$4,340$3,870$3,447$1,965
12 years$4,932$4,363$3,852$3,395$2,987$1,602
13 years$4,506$3,943$3,441$2,997$2,605$1,312
14 years$4,141$3,584$3,092$2,660$2,283$1,078
15 years$3,825$3,274$2,792$2,373$2,010$889
16 years$3,549$3,004$2,531$2,124$1,777$735
17 years$3,305$2,766$2,303$1,909$1,575$609
18 years$3,089$2,556$2,103$1,720$1,401$506
19 years$2,896$2,369$1,925$1,554$1,249$420
20 years$2,722$2,202$1,767$1,408$1,115$350
21 years$2,565$2,051$1,625$1,278$998$291
22 years$2,423$1,914$1,498$1,162$895$243
23 years$2,293$1,790$1,383$1,058$803$202
24 years$2,174$1,677$1,279$965$722$169
25 years$2,065$1,574$1,184$881$649$141
26 years$1,964$1,479$1,098$806$585$118
27 years$1,871$1,392$1,020$737$527$98
28 years$1,785$1,312$948$676$476$82
29 years$1,705$1,238$882$620$430$69
30 years$1,630$1,169$822$569$388$57
31 years$1,561$1,105$766$522$351$48
32 years$1,496$1,046$715$480$318$40
33 years$1,434$990$668$441$287$34
34 years$1,377$938$624$406$260$28
35 years$1,323$890$583$374$236$24
36 years$1,272$845$546$344$214$20
37 years$1,224$802$511$317$194$16
38 years$1,179$763$478$292$175$14
39 years$1,136$725$448$270$159$12
40 years$1,095$690$420$249$144$10
41 years$1,056$657$394$229$131$8
42 years$1,020$625$369$212$119$7
43 years$985$596$347$195$108$6
44 years$952$568$325$180$98$5
45 years$920$542$305$167$89$4
46 years$890$517$287$154$81$3
47 years$861$493$270$142$73$3
48 years$834$471$253$131$67$2
49 years$807$450$238$121$60$2
50 years$782$429$224$112$55$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $801,000, adding $5,893 every year, while hoping to spend $58,149 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: 73/22/5 Blend
65$801,000$801,000$801,000$801,000
66$888,781$846,328$833,912$952,868
67$917,566$825,928$799,978$975,469
68$947,339$802,579$762,958$992,288
69$978,138$776,076$722,688$1,009,042
70$1,010,005$746,201$678,995$1,025,706
71$1,042,984$712,723$631,700$1,042,252
72$1,077,120$675,398$580,614$1,058,651
73$1,112,463$633,969$525,540$1,074,873
74$1,149,062$588,162$466,274$1,090,887
75$1,186,974$537,689$402,601$1,106,657
76$1,226,254$482,245$334,298$1,122,149
77$1,266,965$421,508$261,130$1,137,325
78$1,309,171$355,137$182,853$1,152,147
79$1,352,940$282,773$99,213$1,166,574
80$1,398,347$204,035$9,943$1,180,563
81$1,445,468$118,522$0$1,194,071
82$1,494,387$25,811$0$1,211,603
83$1,545,192$0$0$1,229,423
84$1,597,978$0$0$1,265,013
85$1,652,847$0$0$1,308,507
86$1,709,906$0$0$1,353,742
87$1,769,272$0$0$1,400,813
88$1,831,070$0$0$1,449,818
89$1,895,433$0$0$1,500,865
90$1,962,505$0$0$1,554,067
91$2,032,441$0$0$1,609,550
92$2,105,408$0$0$1,667,447
93$2,181,586$0$0$1,727,902
94$2,261,169$0$0$1,791,070
95$2,344,367$0$0$1,857,119
96$2,431,407$0$0$1,926,230
97$2,522,534$0$0$1,998,602
98$2,618,014$0$0$2,074,446
99$2,718,136$0$0$2,153,993
100$2,823,213$0$0$2,237,495