Can I retire at age 66 with 809,000?

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 $809,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$66,806$66,211$65,631$65,064$64,511$64,131
2 years$33,073$32,457$31,860$31,281$30,719$30,336
3 years$21,829$21,211$20,615$20,042$19,490$19,115
4 years$16,209$15,592$15,003$14,439$13,900$13,537
5 years$12,837$12,224$11,643$11,091$10,567$10,216
6 years$10,591$9,982$9,409$8,869$8,361$8,023
7 years$8,986$8,383$7,819$7,292$6,800$6,475
8 years$7,784$7,186$6,631$6,117$5,641$5,329
9 years$6,849$6,257$5,711$5,210$4,751$4,452
10 years$6,101$5,515$4,979$4,491$4,048$3,762
11 years$5,490$4,910$4,384$3,909$3,481$3,208
12 years$4,981$4,407$3,890$3,429$3,017$2,756
13 years$4,551$3,982$3,476$3,027$2,631$2,382
14 years$4,182$3,620$3,123$2,687$2,306$2,069
15 years$3,863$3,307$2,820$2,396$2,030$1,805
16 years$3,584$3,034$2,556$2,146$1,794$1,581
17 years$3,338$2,794$2,326$1,928$1,591$1,388
18 years$3,120$2,582$2,124$1,737$1,415$1,222
19 years$2,925$2,393$1,944$1,570$1,261$1,079
20 years$2,750$2,223$1,784$1,422$1,126$954
21 years$2,591$2,071$1,641$1,290$1,008$845
22 years$2,447$1,933$1,512$1,173$903$750
23 years$2,316$1,808$1,397$1,068$811$666
24 years$2,196$1,694$1,292$975$729$592
25 years$2,086$1,590$1,196$890$656$527
26 years$1,984$1,494$1,109$814$591$470
27 years$1,890$1,406$1,030$745$533$419
28 years$1,803$1,325$958$682$481$374
29 years$1,722$1,250$891$626$434$334
30 years$1,647$1,181$830$574$392$298
31 years$1,576$1,116$774$527$355$267
32 years$1,511$1,056$722$485$321$239
33 years$1,449$1,000$674$446$290$213
34 years$1,391$948$630$410$263$191
35 years$1,336$899$589$378$238$171
36 years$1,285$853$551$348$216$153
37 years$1,236$810$516$320$195$137
38 years$1,191$770$483$295$177$123
39 years$1,147$732$452$272$161$110
40 years$1,106$697$424$251$146$99
41 years$1,067$663$398$232$132$88
42 years$1,030$632$373$214$120$79
43 years$995$602$350$197$109$71
44 years$961$574$329$182$99$64
45 years$929$547$308$168$90$57
46 years$899$522$290$155$81$51
47 years$870$498$272$144$74$46
48 years$842$475$256$133$67$41
49 years$815$454$240$123$61$37
50 years$790$434$226$113$55$33

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $809,000, adding $4,246 every year, while hoping to spend $43,397 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: 61/12/27 Blend
65$809,000$809,000$809,000$809,000
66$895,898$853,021$840,481$943,813
67$941,105$848,645$822,463$972,524
68$989,469$842,600$802,387$998,784
69$1,041,266$834,758$780,138$1,026,523
70$1,096,799$824,985$755,597$1,055,894
71$1,156,400$813,137$728,636$1,087,068
72$1,220,434$799,061$699,126$1,120,233
73$1,289,300$782,597$666,929$1,155,600
74$1,363,439$763,575$631,902$1,193,404
75$1,443,333$741,813$593,894$1,233,905
76$1,529,512$717,121$552,748$1,277,390
77$1,622,558$689,296$508,301$1,324,181
78$1,723,112$658,124$460,382$1,374,633
79$1,831,876$623,380$408,812$1,429,140
80$1,949,625$584,822$353,404$1,488,141
81$2,077,206$542,198$293,963$1,552,120
82$2,215,556$495,241$230,286$1,621,614
83$2,365,702$443,666$162,159$1,697,221
84$2,528,773$387,176$89,361$1,779,600
85$2,706,013$325,453$11,660$1,869,483
86$2,898,790$258,163$0$1,967,680
87$3,108,608$184,955$0$2,095,616
88$3,337,123$105,455$0$2,238,675
89$3,586,157$19,269$0$2,394,668
90$3,857,715$0$0$2,564,891
91$4,154,003$0$0$2,760,544
92$4,477,451$0$0$2,976,969
93$4,830,733$0$0$3,213,417
94$5,216,792$0$0$3,471,865
95$5,638,868$0$0$3,754,492
96$6,100,530$0$0$4,063,694
97$6,605,706$0$0$4,402,112
98$7,158,722$0$0$4,772,651
99$7,764,341$0$0$5,178,514
100$8,427,810$0$0$5,623,225