Can I retire at age 66 with 811,000?

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 $811,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.5%
1 years$66,972$66,375$65,793$65,225$64,670$62,954
2 years$33,154$32,537$31,938$31,358$30,795$29,078
3 years$21,883$21,263$20,666$20,091$19,538$17,873
4 years$16,249$15,631$15,040$14,475$13,935$12,336
5 years$12,869$12,255$11,671$11,118$10,593$9,064
6 years$10,617$10,007$9,432$8,891$8,382$6,924
7 years$9,008$8,404$7,838$7,310$6,817$5,431
8 years$7,803$7,204$6,647$6,132$5,655$4,340
9 years$6,866$6,272$5,725$5,223$4,762$3,517
10 years$6,116$5,528$4,992$4,502$4,058$2,881
11 years$5,504$4,922$4,395$3,918$3,490$2,380
12 years$4,993$4,417$3,900$3,437$3,024$1,978
13 years$4,562$3,992$3,484$3,034$2,637$1,654
14 years$4,193$3,629$3,131$2,694$2,312$1,388
15 years$3,873$3,315$2,827$2,402$2,035$1,169
16 years$3,593$3,041$2,563$2,151$1,799$988
17 years$3,347$2,801$2,332$1,933$1,595$837
18 years$3,128$2,588$2,129$1,742$1,418$710
19 years$2,932$2,399$1,949$1,574$1,264$604
20 years$2,756$2,229$1,789$1,425$1,129$514
21 years$2,597$2,076$1,645$1,294$1,010$438
22 years$2,453$1,938$1,516$1,176$906$374
23 years$2,322$1,813$1,400$1,071$813$319
24 years$2,201$1,698$1,295$977$731$273
25 years$2,091$1,594$1,199$892$658$233
26 years$1,989$1,498$1,112$816$592$200
27 years$1,895$1,410$1,033$747$534$171
28 years$1,808$1,328$960$684$482$146
29 years$1,726$1,253$893$627$435$125
30 years$1,651$1,183$832$576$393$107
31 years$1,580$1,119$776$529$355$92
32 years$1,514$1,059$724$486$322$79
33 years$1,452$1,003$676$447$291$68
34 years$1,394$950$632$411$263$58
35 years$1,340$901$590$379$239$50
36 years$1,288$855$552$349$216$43
37 years$1,239$812$517$321$196$37
38 years$1,193$772$484$296$178$31
39 years$1,150$734$454$273$161$27
40 years$1,109$698$425$252$146$23
41 years$1,070$665$399$232$133$20
42 years$1,033$633$374$214$120$17
43 years$997$603$351$198$109$15
44 years$964$575$329$183$99$13
45 years$932$548$309$169$90$11
46 years$901$523$290$156$82$9
47 years$872$499$273$144$74$8
48 years$844$477$256$133$67$7
49 years$817$455$241$123$61$6
50 years$792$435$227$114$56$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $811,000, adding $3,280 every year, while hoping to spend $20,010 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: 39/45/16 Blend
65$811,000$811,000$811,000$811,000
66$897,105$854,122$841,552$927,678
67$967,320$874,684$848,453$970,360
68$1,044,025$895,582$854,915$1,014,305
69$1,127,863$916,813$860,902$1,061,395
70$1,219,538$938,370$866,376$1,111,925
71$1,319,829$960,248$871,297$1,166,218
72$1,429,589$982,438$875,624$1,224,632
73$1,549,763$1,004,933$879,312$1,287,562
74$1,681,386$1,027,722$882,316$1,355,439
75$1,825,601$1,050,794$884,588$1,428,743
76$1,983,667$1,074,138$886,076$1,508,000
77$2,156,969$1,097,738$886,728$1,593,789
78$2,347,033$1,121,581$886,487$1,686,752
79$2,555,540$1,145,648$885,294$1,787,591
80$2,784,343$1,169,922$883,088$1,897,085
81$3,035,479$1,194,382$879,805$2,016,089
82$3,311,196$1,219,005$875,377$2,145,547
83$3,613,968$1,243,766$869,732$2,286,500
84$3,946,522$1,268,639$862,797$2,440,093
85$4,311,859$1,293,595$854,493$2,607,591
86$4,713,289$1,318,602$844,739$2,790,388
87$5,154,456$1,343,624$833,449$2,990,019
88$5,639,375$1,368,626$820,534$3,208,178
89$6,172,469$1,393,567$805,900$3,446,731
90$6,758,612$1,418,403$789,448$3,707,736
91$7,403,173$1,443,087$771,078$3,993,462
92$8,112,068$1,467,569$750,679$4,306,409
93$8,891,813$1,491,795$728,142$4,649,335
94$9,749,591$1,515,705$703,347$5,025,278
95$10,693,312$1,539,238$676,172$5,437,590
96$11,731,695$1,562,326$646,489$5,889,963
97$12,874,344$1,584,896$614,163$6,386,471
98$14,131,843$1,606,871$579,053$6,931,601
99$15,515,852$1,628,170$541,013$7,530,302
100$17,039,222$1,648,703$499,889$8,188,029