Can I retire at age 66 with 802,000?

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 $802,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$66,228$65,638$65,063$64,501$63,953$63,258
2 years$32,786$32,176$31,584$31,010$30,454$29,755
3 years$21,640$21,027$20,437$19,869$19,321$18,639
4 years$16,069$15,457$14,873$14,314$13,780$13,120
5 years$12,726$12,119$11,542$10,995$10,475$9,840
6 years$10,499$9,896$9,328$8,792$8,289$7,678
7 years$8,909$8,310$7,751$7,229$6,741$6,155
8 years$7,716$7,124$6,574$6,064$5,592$5,032
9 years$6,789$6,202$5,662$5,165$4,710$4,174
10 years$6,048$5,467$4,936$4,452$4,013$3,502
11 years$5,443$4,867$4,346$3,875$3,451$2,964
12 years$4,938$4,368$3,857$3,399$2,991$2,527
13 years$4,511$3,948$3,446$3,001$2,608$2,167
14 years$4,146$3,588$3,096$2,664$2,286$1,868
15 years$3,830$3,278$2,795$2,376$2,013$1,617
16 years$3,553$3,008$2,534$2,127$1,779$1,404
17 years$3,309$2,770$2,306$1,911$1,577$1,223
18 years$3,093$2,559$2,105$1,722$1,402$1,068
19 years$2,900$2,372$1,927$1,556$1,250$934
20 years$2,726$2,204$1,769$1,409$1,117$819
21 years$2,569$2,053$1,627$1,279$999$719
22 years$2,426$1,917$1,499$1,163$896$632
23 years$2,296$1,793$1,384$1,059$804$556
24 years$2,177$1,679$1,280$966$723$490
25 years$2,068$1,576$1,186$882$650$432
26 years$1,967$1,481$1,100$807$586$382
27 years$1,874$1,394$1,021$738$528$337
28 years$1,787$1,314$949$677$477$298
29 years$1,707$1,239$884$620$430$264
30 years$1,633$1,170$823$569$389$233
31 years$1,563$1,106$767$523$351$206
32 years$1,497$1,047$716$481$318$183
33 years$1,436$991$668$442$288$162
34 years$1,379$940$625$407$261$144
35 years$1,325$891$584$374$236$127
36 years$1,274$846$546$345$214$113
37 years$1,226$803$511$318$194$100
38 years$1,180$764$479$293$176$89
39 years$1,137$726$449$270$159$79
40 years$1,096$691$420$249$144$70
41 years$1,058$658$394$230$131$62
42 years$1,021$626$370$212$119$55
43 years$986$597$347$196$108$49
44 years$953$569$326$181$98$43
45 years$921$542$306$167$89$38
46 years$891$517$287$154$81$34
47 years$862$494$270$142$73$30
48 years$835$471$254$132$67$27
49 years$808$450$238$122$60$24
50 years$783$430$224$112$55$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $802,000, adding $5,183 every year, while hoping to spend $53,676 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: 36/39/25 Blend
65$802,000$802,000$802,000$802,000
66$889,150$846,644$834,213$914,311
67$922,733$831,019$805,049$917,716
68$957,942$812,829$773,108$916,105
69$994,886$791,892$738,241$913,307
70$1,033,685$768,015$700,293$909,249
71$1,074,467$740,994$659,099$903,856
72$1,117,372$710,612$614,488$897,052
73$1,162,552$676,641$566,282$888,758
74$1,210,174$638,838$514,294$878,892
75$1,260,419$596,947$458,329$867,371
76$1,313,482$550,699$398,184$854,109
77$1,369,580$499,806$333,646$839,021
78$1,428,947$443,966$264,493$822,019
79$1,491,839$382,859$190,493$803,012
80$1,558,535$316,148$111,403$781,913
81$1,629,343$243,476$26,972$758,631
82$1,704,595$164,466$0$733,076
83$1,784,659$78,720$0$722,001
84$1,869,934$0$0$717,250
85$1,960,859$0$0$717,700
86$2,057,915$0$0$754,307
87$2,161,628$0$0$793,496
88$2,272,574$0$0$835,492
89$2,391,386$0$0$880,546
90$2,518,758$0$0$928,929
91$2,655,450$0$0$980,943
92$2,802,298$0$0$1,036,916
93$2,960,218$0$0$1,097,210
94$3,130,217$0$0$1,162,221
95$3,313,399$0$0$1,232,386
96$3,510,979$0$0$1,308,183
97$3,724,290$0$0$1,390,140
98$3,954,797$0$0$1,478,835
99$4,204,111$0$0$1,574,904
100$4,474,001$0$0$1,679,047