Can I retire at age 66 with 804,000?

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 $804,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$66,394$65,802$65,225$64,662$64,112$62,360
2 years$32,868$32,256$31,663$31,088$30,530$28,777
3 years$21,694$21,080$20,488$19,918$19,369$17,671
4 years$16,109$15,496$14,910$14,350$13,814$12,184
5 years$12,758$12,149$11,571$11,022$10,501$8,943
6 years$10,525$9,920$9,351$8,814$8,309$6,825
7 years$8,931$8,331$7,771$7,247$6,758$5,347
8 years$7,736$7,141$6,590$6,079$5,606$4,268
9 years$6,806$6,218$5,676$5,178$4,721$3,455
10 years$6,063$5,481$4,949$4,464$4,023$2,826
11 years$5,456$4,879$4,357$3,885$3,460$2,331
12 years$4,950$4,379$3,866$3,407$2,998$1,936
13 years$4,523$3,958$3,454$3,008$2,614$1,616
14 years$4,156$3,597$3,104$2,670$2,292$1,354
15 years$3,839$3,286$2,802$2,381$2,018$1,139
16 years$3,562$3,015$2,541$2,132$1,783$961
17 years$3,318$2,777$2,312$1,916$1,581$813
18 years$3,101$2,566$2,110$1,727$1,406$689
19 years$2,907$2,378$1,932$1,560$1,253$585
20 years$2,733$2,210$1,773$1,413$1,119$497
21 years$2,575$2,058$1,631$1,282$1,002$423
22 years$2,432$1,921$1,503$1,166$898$360
23 years$2,302$1,797$1,388$1,062$806$307
24 years$2,182$1,684$1,284$969$724$262
25 years$2,073$1,580$1,189$884$652$224
26 years$1,972$1,485$1,103$809$587$191
27 years$1,878$1,398$1,024$740$529$163
28 years$1,792$1,317$952$678$478$140
29 years$1,712$1,242$886$622$431$120
30 years$1,637$1,173$825$571$390$102
31 years$1,567$1,109$769$524$352$88
32 years$1,501$1,049$718$482$319$75
33 years$1,440$994$670$443$288$64
34 years$1,382$942$626$408$261$55
35 years$1,328$893$585$375$237$47
36 years$1,277$848$548$346$214$40
37 years$1,229$805$513$318$194$34
38 years$1,183$765$480$293$176$30
39 years$1,140$728$450$271$160$25
40 years$1,099$692$421$250$145$22
41 years$1,060$659$395$230$131$19
42 years$1,024$628$371$213$119$16
43 years$989$598$348$196$108$14
44 years$955$570$327$181$98$12
45 years$924$544$307$167$89$10
46 years$893$519$288$155$81$9
47 years$864$495$271$143$74$7
48 years$837$473$254$132$67$6
49 years$810$451$239$122$61$5
50 years$785$431$225$113$55$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $804,000, adding $3,818 every year, while hoping to spend $38,537 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: 47/41/12 Blend
65$804,000$804,000$804,000$804,000
66$889,946$847,334$834,872$928,626
67$939,718$847,851$821,837$956,248
68$993,274$847,101$807,074$981,927
69$1,050,961$844,982$790,484$1,008,932
70$1,113,158$841,384$771,964$1,037,402
71$1,180,282$836,194$751,406$1,067,487
72$1,252,789$829,286$728,698$1,099,360
73$1,331,185$820,532$703,720$1,133,210
74$1,416,021$809,793$676,350$1,169,249
75$1,507,905$796,923$646,458$1,207,713
76$1,607,506$781,768$613,909$1,248,865
77$1,715,559$764,162$578,562$1,292,997
78$1,832,873$743,932$540,270$1,340,436
79$1,960,335$720,894$498,879$1,391,543
80$2,098,925$694,853$454,227$1,446,721
81$2,249,718$665,604$406,146$1,506,419
82$2,413,898$632,927$354,461$1,571,135
83$2,592,768$596,593$298,988$1,641,420
84$2,787,761$556,357$239,534$1,717,889
85$3,000,455$511,960$175,901$1,801,223
86$3,232,586$463,132$107,879$1,892,179
87$3,486,067$409,582$35,250$1,991,596
88$3,763,001$351,006$0$2,100,404
89$4,065,705$287,084$0$2,225,047
90$4,396,729$217,473$0$2,366,426
91$4,758,882$141,816$0$2,521,324
92$5,155,256$59,733$0$2,691,177
93$5,589,256$0$0$2,877,578
94$6,064,630$0$0$3,095,449
95$6,585,509$0$0$3,363,795
96$7,156,439$0$0$3,658,019
97$7,782,429$0$0$3,980,713
98$8,468,996$0$0$4,334,735
99$9,222,214$0$0$4,723,228
100$10,048,776$0$0$5,149,658