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%13%
1 years$66,228$65,638$65,063$64,501$63,953$63,153
2 years$32,786$32,176$31,584$31,010$30,454$29,650
3 years$21,640$21,027$20,437$19,869$19,321$18,537
4 years$16,069$15,457$14,873$14,314$13,780$13,022
5 years$12,726$12,119$11,542$10,995$10,475$9,745
6 years$10,499$9,896$9,328$8,792$8,289$7,588
7 years$8,909$8,310$7,751$7,229$6,741$6,070
8 years$7,716$7,124$6,574$6,064$5,592$4,950
9 years$6,789$6,202$5,662$5,165$4,710$4,097
10 years$6,048$5,467$4,936$4,452$4,013$3,429
11 years$5,443$4,867$4,346$3,875$3,451$2,895
12 years$4,938$4,368$3,857$3,399$2,991$2,462
13 years$4,511$3,948$3,446$3,001$2,608$2,106
14 years$4,146$3,588$3,096$2,664$2,286$1,810
15 years$3,830$3,278$2,795$2,376$2,013$1,563
16 years$3,553$3,008$2,534$2,127$1,779$1,353
17 years$3,309$2,770$2,306$1,911$1,577$1,175
18 years$3,093$2,559$2,105$1,722$1,402$1,023
19 years$2,900$2,372$1,927$1,556$1,250$893
20 years$2,726$2,204$1,769$1,409$1,117$780
21 years$2,569$2,053$1,627$1,279$999$683
22 years$2,426$1,917$1,499$1,163$896$599
23 years$2,296$1,793$1,384$1,059$804$525
24 years$2,177$1,679$1,280$966$723$462
25 years$2,068$1,576$1,186$882$650$406
26 years$1,967$1,481$1,100$807$586$357
27 years$1,874$1,394$1,021$738$528$314
28 years$1,787$1,314$949$677$477$277
29 years$1,707$1,239$884$620$430$244
30 years$1,633$1,170$823$569$389$215
31 years$1,563$1,106$767$523$351$190
32 years$1,497$1,047$716$481$318$168
33 years$1,436$991$668$442$288$148
34 years$1,379$940$625$407$261$131
35 years$1,325$891$584$374$236$116
36 years$1,274$846$546$345$214$102
37 years$1,226$803$511$318$194$90
38 years$1,180$764$479$293$176$80
39 years$1,137$726$449$270$159$70
40 years$1,096$691$420$249$144$62
41 years$1,058$658$394$230$131$55
42 years$1,021$626$370$212$119$49
43 years$986$597$347$196$108$43
44 years$953$569$326$181$98$38
45 years$921$542$306$167$89$34
46 years$891$517$287$154$81$30
47 years$862$494$270$142$73$26
48 years$835$471$254$132$67$23
49 years$808$450$238$122$60$21
50 years$783$430$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 $802,000, adding $6,793 every year, while hoping to spend $31,612 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: 42/42/16 Blend
65$802,000$802,000$802,000$802,000
66$890,811$848,305$835,874$923,787
67$948,039$856,237$830,241$955,633
68$1,010,044$863,498$823,359$986,466
69$1,077,282$870,022$815,155$1,019,179
70$1,150,250$875,739$805,548$1,053,959
71$1,229,498$880,573$794,456$1,091,014
72$1,315,630$884,444$781,794$1,130,573
73$1,409,310$887,267$767,470$1,172,893
74$1,511,269$888,953$751,390$1,218,255
75$1,622,312$889,405$733,455$1,266,974
76$1,743,323$888,522$713,561$1,319,397
77$1,875,277$886,194$691,600$1,375,910
78$2,019,245$882,308$667,459$1,436,940
79$2,176,408$876,741$641,018$1,502,959
80$2,348,065$869,364$612,155$1,574,491
81$2,535,644$860,039$580,739$1,652,116
82$2,740,721$848,623$546,636$1,736,477
83$2,965,029$834,960$509,702$1,828,285
84$3,210,476$818,887$469,791$1,928,326
85$3,479,164$800,231$426,748$2,037,472
86$3,773,406$778,810$380,412$2,156,687
87$4,095,751$754,429$330,613$2,287,036
88$4,449,005$726,884$277,176$2,429,699
89$4,836,259$695,956$219,917$2,585,981
90$5,260,916$661,417$158,643$2,757,324
91$5,726,727$623,024$93,155$2,945,324
92$6,237,820$580,519$23,242$3,151,744
93$6,798,743$533,630$0$3,378,533
94$7,414,508$482,071$0$3,636,617
95$8,090,633$425,538$0$3,924,411
96$8,833,198$363,710$0$4,240,616
97$9,648,901$296,247$0$4,588,181
98$10,545,118$222,793$0$4,970,365
99$11,529,979$142,969$0$5,390,761
100$12,612,437$56,374$0$5,853,338