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%15.8%
1 years$66,806$66,211$65,631$65,064$64,511$62,977
2 years$33,073$32,457$31,860$31,281$30,719$29,183
3 years$21,829$21,211$20,615$20,042$19,490$17,999
4 years$16,209$15,592$15,003$14,439$13,900$12,466
5 years$12,837$12,224$11,643$11,091$10,567$9,194
6 years$10,591$9,982$9,409$8,869$8,361$7,050
7 years$8,986$8,383$7,819$7,292$6,800$5,552
8 years$7,784$7,186$6,631$6,117$5,641$4,455
9 years$6,849$6,257$5,711$5,210$4,751$3,626
10 years$6,101$5,515$4,979$4,491$4,048$2,983
11 years$5,490$4,910$4,384$3,909$3,481$2,475
12 years$4,981$4,407$3,890$3,429$3,017$2,067
13 years$4,551$3,982$3,476$3,027$2,631$1,736
14 years$4,182$3,620$3,123$2,687$2,306$1,464
15 years$3,863$3,307$2,820$2,396$2,030$1,239
16 years$3,584$3,034$2,556$2,146$1,794$1,052
17 years$3,338$2,794$2,326$1,928$1,591$896
18 years$3,120$2,582$2,124$1,737$1,415$764
19 years$2,925$2,393$1,944$1,570$1,261$653
20 years$2,750$2,223$1,784$1,422$1,126$559
21 years$2,591$2,071$1,641$1,290$1,008$479
22 years$2,447$1,933$1,512$1,173$903$411
23 years$2,316$1,808$1,397$1,068$811$353
24 years$2,196$1,694$1,292$975$729$303
25 years$2,086$1,590$1,196$890$656$261
26 years$1,984$1,494$1,109$814$591$224
27 years$1,890$1,406$1,030$745$533$193
28 years$1,803$1,325$958$682$481$166
29 years$1,722$1,250$891$626$434$143
30 years$1,647$1,181$830$574$392$124
31 years$1,576$1,116$774$527$355$107
32 years$1,511$1,056$722$485$321$92
33 years$1,449$1,000$674$446$290$79
34 years$1,391$948$630$410$263$68
35 years$1,336$899$589$378$238$59
36 years$1,285$853$551$348$216$51
37 years$1,236$810$516$320$195$44
38 years$1,191$770$483$295$177$38
39 years$1,147$732$452$272$161$33
40 years$1,106$697$424$251$146$28
41 years$1,067$663$398$232$132$24
42 years$1,030$632$373$214$120$21
43 years$995$602$350$197$109$18
44 years$961$574$329$182$99$16
45 years$929$547$308$168$90$14
46 years$899$522$290$155$81$12
47 years$870$498$272$144$74$10
48 years$842$475$256$133$67$9
49 years$815$454$240$123$61$8
50 years$790$434$226$113$55$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $809,000, adding $3,966 every year, while hoping to spend $39,108 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: 63/14/23 Blend
65$809,000$809,000$809,000$809,000
66$895,609$852,732$840,192$946,413
67$945,350$852,905$826,728$981,374
68$998,855$851,776$811,502$1,014,838
69$1,056,465$849,240$794,414$1,050,507
70$1,118,556$845,185$775,359$1,088,599
71$1,185,542$839,492$754,227$1,129,359
72$1,257,877$832,037$730,903$1,173,056
73$1,336,060$822,686$705,268$1,219,989
74$1,420,638$811,298$677,194$1,270,487
75$1,512,215$797,723$646,552$1,324,916
76$1,611,453$781,803$613,203$1,383,680
77$1,719,080$763,371$577,005$1,447,226
78$1,835,898$742,247$537,806$1,516,049
79$1,962,787$718,246$495,451$1,590,696
80$2,100,718$691,166$449,775$1,671,772
81$2,250,756$660,798$400,607$1,759,944
82$2,414,074$626,918$347,769$1,855,954
83$2,591,964$589,292$291,073$1,960,617
84$2,785,846$547,668$230,325$2,074,839
85$2,997,283$501,785$165,322$2,199,616
86$3,227,996$451,362$95,850$2,336,052
87$3,479,878$396,106$21,688$2,485,367
88$3,755,016$335,705$0$2,648,907
89$4,055,703$269,830$0$2,842,260
90$4,384,468$198,135$0$3,059,567
91$4,744,091$120,251$0$3,297,376
92$5,137,637$35,792$0$3,557,757
93$5,568,478$0$0$3,842,992
94$6,040,330$0$0$4,164,168
95$6,557,282$0$0$4,522,141
96$7,123,840$0$0$4,914,525
97$7,744,965$0$0$5,344,762
98$8,426,121$0$0$5,816,645
99$9,173,327$0$0$6,334,352
100$9,993,211$0$0$6,902,484