Can I retire at age 66 with 810,000?

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 $810,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$66,889$66,293$65,712$65,145$64,591$63,494
2 years$33,113$32,497$31,899$31,319$30,757$29,656
3 years$21,856$21,237$20,641$20,067$19,514$18,442
4 years$16,229$15,611$15,021$14,457$13,917$12,884
5 years$12,853$12,240$11,657$11,104$10,580$9,587
6 years$10,604$9,994$9,421$8,880$8,371$7,420
7 years$8,997$8,393$7,829$7,301$6,808$5,899
8 years$7,793$7,195$6,639$6,125$5,648$4,781
9 years$6,857$6,264$5,718$5,217$4,756$3,931
10 years$6,109$5,522$4,985$4,497$4,053$3,268
11 years$5,497$4,916$4,389$3,914$3,486$2,740
12 years$4,987$4,412$3,895$3,433$3,020$2,314
13 years$4,556$3,987$3,480$3,031$2,634$1,965
14 years$4,187$3,624$3,127$2,690$2,309$1,677
15 years$3,868$3,311$2,823$2,399$2,033$1,436
16 years$3,589$3,038$2,560$2,148$1,797$1,234
17 years$3,342$2,797$2,329$1,930$1,593$1,064
18 years$3,124$2,585$2,126$1,739$1,416$919
19 years$2,929$2,396$1,946$1,572$1,263$795
20 years$2,753$2,226$1,786$1,424$1,128$689
21 years$2,594$2,074$1,643$1,292$1,009$598
22 years$2,450$1,936$1,514$1,175$905$520
23 years$2,319$1,810$1,398$1,070$812$453
24 years$2,199$1,696$1,293$976$730$394
25 years$2,088$1,592$1,198$891$657$344
26 years$1,987$1,496$1,111$815$592$300
27 years$1,892$1,408$1,031$746$533$262
28 years$1,805$1,327$959$683$481$229
29 years$1,724$1,252$892$627$435$200
30 years$1,649$1,182$831$575$393$174
31 years$1,578$1,117$775$528$355$153
32 years$1,512$1,057$723$485$321$133
33 years$1,451$1,001$675$446$291$117
34 years$1,393$949$631$411$263$102
35 years$1,338$900$590$378$238$89
36 years$1,286$854$552$348$216$78
37 years$1,238$811$516$321$196$69
38 years$1,192$771$484$296$177$60
39 years$1,149$733$453$273$161$53
40 years$1,107$698$425$251$146$46
41 years$1,068$664$398$232$132$40
42 years$1,031$632$373$214$120$35
43 years$996$603$350$198$109$31
44 years$962$574$329$183$99$27
45 years$930$548$309$169$90$24
46 years$900$523$290$156$82$21
47 years$871$499$273$144$74$18
48 years$843$476$256$133$67$16
49 years$816$455$241$123$61$14
50 years$791$434$226$114$55$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $810,000, adding $4,418 every year, while hoping to spend $32,183 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: 75/8/17 Blend
65$810,000$810,000$810,000$810,000
66$897,177$854,247$841,692$960,694
67$954,447$861,863$835,646$1,010,945
68$1,016,479$868,773$828,319$1,061,601
69$1,083,726$874,909$819,634$1,116,265
70$1,156,685$880,198$809,511$1,175,330
71$1,235,902$884,563$797,864$1,239,224
72$1,321,978$887,920$784,606$1,308,424
73$1,415,573$890,182$769,645$1,383,450
74$1,517,417$891,256$752,883$1,464,881
75$1,628,308$891,042$734,219$1,553,351
76$1,749,128$889,436$713,548$1,649,561
77$1,880,845$886,325$690,758$1,754,283
78$2,024,527$881,590$665,734$1,868,368
79$2,181,347$875,106$638,354$1,992,756
80$2,352,598$866,740$608,493$2,128,481
81$2,539,702$856,349$576,016$2,276,684
82$2,744,226$843,785$540,787$2,438,622
83$2,967,893$828,886$502,660$2,615,682
84$3,212,603$811,487$461,484$2,809,393
85$3,480,446$791,407$417,101$3,021,439
86$3,773,723$768,458$369,346$3,253,679
87$4,094,971$742,440$318,047$3,508,162
88$4,446,980$713,142$263,023$3,787,144
89$4,832,826$680,339$204,088$4,093,116
90$5,255,893$643,795$141,044$4,428,821
91$5,719,912$603,259$73,687$4,797,287
92$6,228,991$558,466$1,803$5,201,847
93$6,787,653$509,137$0$5,646,179
94$7,400,883$454,974$0$6,147,925
95$8,074,171$395,665$0$6,699,196
96$8,813,563$330,880$0$7,304,637
97$9,625,722$260,268$0$7,969,723
98$10,517,986$183,462$0$8,700,489
99$11,498,441$100,071$0$9,503,584
100$12,575,991$9,684$0$10,386,333