Can I retire at age 66 with 803,000?

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 $803,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$66,311$65,720$65,144$64,582$64,032$62,663
2 years$32,827$32,216$31,623$31,049$30,492$29,118
3 years$21,667$21,053$20,462$19,893$19,345$18,011
4 years$16,089$15,476$14,891$14,332$13,797$12,513
5 years$12,742$12,134$11,556$11,008$10,488$9,257
6 years$10,512$9,908$9,339$8,803$8,299$7,122
7 years$8,920$8,321$7,761$7,238$6,749$5,627
8 years$7,726$7,132$6,582$6,072$5,599$4,532
9 years$6,798$6,210$5,669$5,172$4,715$3,701
10 years$6,056$5,474$4,942$4,458$4,018$3,056
11 years$5,449$4,873$4,351$3,880$3,455$2,545
12 years$4,944$4,374$3,862$3,403$2,994$2,134
13 years$4,517$3,953$3,450$3,004$2,611$1,799
14 years$4,151$3,593$3,100$2,667$2,289$1,524
15 years$3,834$3,282$2,799$2,379$2,015$1,296
16 years$3,558$3,011$2,538$2,130$1,781$1,105
17 years$3,314$2,773$2,309$1,914$1,579$945
18 years$3,097$2,563$2,108$1,724$1,404$809
19 years$2,903$2,375$1,930$1,558$1,252$695
20 years$2,729$2,207$1,771$1,411$1,118$597
21 years$2,572$2,056$1,629$1,281$1,000$514
22 years$2,429$1,919$1,501$1,165$897$443
23 years$2,299$1,795$1,386$1,061$805$382
24 years$2,180$1,682$1,282$967$724$330
25 years$2,070$1,578$1,187$883$651$285
26 years$1,969$1,483$1,101$808$586$247
27 years$1,876$1,396$1,023$739$529$213
28 years$1,790$1,315$951$677$477$185
29 years$1,709$1,241$885$621$431$160
30 years$1,635$1,172$824$570$389$139
31 years$1,565$1,108$768$524$352$120
32 years$1,499$1,048$717$481$318$104
33 years$1,438$993$669$442$288$90
34 years$1,381$941$625$407$261$78
35 years$1,326$892$585$375$236$68
36 years$1,275$847$547$345$214$59
37 years$1,227$804$512$318$194$51
38 years$1,182$764$479$293$176$44
39 years$1,139$727$449$270$160$38
40 years$1,098$692$421$249$145$33
41 years$1,059$658$395$230$131$29
42 years$1,022$627$370$212$119$25
43 years$987$597$347$196$108$22
44 years$954$569$326$181$98$19
45 years$922$543$306$167$89$16
46 years$892$518$288$154$81$14
47 years$863$494$270$143$73$12
48 years$836$472$254$132$67$11
49 years$809$451$239$122$61$9
50 years$784$430$224$113$55$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $803,000, adding $5,613 every year, while hoping to spend $25,577 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: 34/40/26 Blend
65$803,000$803,000$803,000$803,000
66$890,696$848,137$835,690$913,798
67$954,333$862,482$836,472$945,950
68$1,023,604$876,672$836,423$977,899
69$1,099,056$890,674$835,488$1,011,849
70$1,181,293$904,450$833,610$1,047,995
71$1,270,977$917,960$830,727$1,086,551
72$1,368,838$931,161$826,778$1,127,757
73$1,475,680$944,009$821,696$1,171,876
74$1,592,387$956,453$815,410$1,219,202
75$1,719,933$968,442$807,849$1,270,057
76$1,859,390$979,920$798,936$1,324,799
77$2,011,939$990,827$788,592$1,383,824
78$2,178,879$1,001,099$776,732$1,447,570
79$2,361,641$1,010,669$763,268$1,516,521
80$2,561,801$1,019,464$748,110$1,591,213
81$2,781,094$1,027,408$731,161$1,672,237
82$3,021,432$1,034,417$712,322$1,760,249
83$3,284,919$1,040,405$691,486$1,855,972
84$3,573,874$1,045,278$668,544$1,960,206
85$3,890,850$1,048,937$643,381$2,073,836
86$4,238,659$1,051,278$615,877$2,197,839
87$4,620,400$1,052,188$585,906$2,333,296
88$5,039,484$1,051,548$553,337$2,481,399
89$5,499,670$1,049,233$518,033$2,643,467
90$6,005,100$1,045,109$479,851$2,820,958
91$6,560,334$1,039,033$438,639$3,015,480
92$7,170,398$1,030,855$394,243$3,228,811
93$7,840,826$1,020,415$346,498$3,462,914
94$8,577,718$1,007,544$295,234$3,719,957
95$9,387,793$992,061$240,272$4,002,335
96$10,278,453$973,776$181,426$4,312,692
97$11,257,852$952,489$118,501$4,653,945
98$12,334,977$927,985$51,294$5,029,318
99$13,519,727$900,038$0$5,442,369
100$14,823,008$868,409$0$5,902,690