Can I retire at age 66 with 808,000?

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 $808,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.2%
1 years$66,724$66,130$65,550$64,984$64,431$62,046
2 years$33,032$32,416$31,820$31,242$30,681$28,306
3 years$21,802$21,185$20,590$20,017$19,466$17,174
4 years$16,189$15,573$14,984$14,421$13,883$11,692
5 years$12,822$12,209$11,628$11,077$10,554$8,470
6 years$10,577$9,970$9,397$8,858$8,351$6,376
7 years$8,975$8,373$7,809$7,283$6,791$4,924
8 years$7,774$7,177$6,623$6,109$5,634$3,873
9 years$6,840$6,249$5,704$5,204$4,745$3,088
10 years$6,094$5,508$4,973$4,486$4,043$2,486
11 years$5,483$4,903$4,378$3,904$3,477$2,018
12 years$4,975$4,401$3,886$3,424$3,013$1,648
13 years$4,545$3,977$3,472$3,023$2,627$1,352
14 years$4,177$3,615$3,119$2,684$2,303$1,114
15 years$3,858$3,303$2,816$2,393$2,028$921
16 years$3,580$3,030$2,553$2,143$1,792$763
17 years$3,334$2,791$2,323$1,925$1,589$634
18 years$3,116$2,579$2,121$1,735$1,413$527
19 years$2,921$2,390$1,942$1,568$1,259$439
20 years$2,746$2,221$1,782$1,420$1,125$366
21 years$2,588$2,069$1,639$1,289$1,007$306
22 years$2,444$1,931$1,511$1,172$902$255
23 years$2,313$1,806$1,395$1,067$810$213
24 years$2,193$1,692$1,290$973$728$179
25 years$2,083$1,588$1,195$889$655$149
26 years$1,982$1,492$1,108$813$590$125
27 years$1,888$1,404$1,029$744$532$105
28 years$1,801$1,323$957$682$480$88
29 years$1,720$1,249$890$625$433$74
30 years$1,645$1,179$829$574$392$62
31 years$1,574$1,115$773$527$354$52
32 years$1,509$1,055$721$484$320$43
33 years$1,447$999$673$445$290$36
34 years$1,389$947$629$410$262$30
35 years$1,335$898$588$377$238$26
36 years$1,283$852$550$347$215$21
37 years$1,235$809$515$320$195$18
38 years$1,189$769$482$295$177$15
39 years$1,146$731$452$272$160$13
40 years$1,105$696$424$251$146$11
41 years$1,066$662$397$231$132$9
42 years$1,029$631$373$214$120$7
43 years$994$601$350$197$109$6
44 years$960$573$328$182$99$5
45 years$928$546$308$168$90$4
46 years$898$521$289$155$81$4
47 years$869$497$272$143$74$3
48 years$841$475$255$133$67$3
49 years$814$453$240$123$61$2
50 years$789$433$226$113$55$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $808,000, adding $5,301 every year, while hoping to spend $53,564 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: 33/38/29 Blend
65$808,000$808,000$808,000$808,000
66$895,884$853,060$840,536$917,426
67$930,272$837,868$811,702$919,106
68$966,373$820,137$780,107$915,809
69$1,004,305$799,685$745,602$911,223
70$1,044,195$776,321$708,031$905,274
71$1,086,184$749,841$667,231$897,882
72$1,130,423$720,032$623,032$888,967
73$1,177,078$686,666$575,256$878,444
74$1,226,330$649,502$523,716$866,227
75$1,278,375$608,287$468,220$852,230
76$1,333,428$562,751$408,564$836,362
77$1,391,722$512,611$344,536$818,531
78$1,453,515$457,567$275,915$798,646
79$1,519,086$397,299$202,470$776,612
80$1,588,740$331,474$123,960$752,334
81$1,662,812$259,737$40,134$725,718
82$1,741,668$181,714$0$696,668
83$1,825,709$97,008$0$680,354
84$1,915,374$5,204$0$675,665
85$2,011,142$0$0$670,169
86$2,113,542$0$0$703,235
87$2,223,150$0$0$741,036
88$2,340,599$0$0$781,623
89$2,466,586$0$0$825,248
90$2,601,871$0$0$872,186
91$2,747,292$0$0$922,738
92$2,903,767$0$0$977,237
93$3,072,303$0$0$1,036,047
94$3,254,010$0$0$1,099,568
95$3,450,104$0$0$1,168,240
96$3,661,920$0$0$1,242,547
97$3,890,929$0$0$1,323,020
98$4,138,745$0$0$1,410,244
99$4,407,143$0$0$1,504,862
100$4,698,074$0$0$1,607,580