Can I retire at age 66 with 812,000?

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 $812,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.3%
1 years$67,054$66,457$65,874$65,305$64,750$62,329
2 years$33,195$32,577$31,978$31,397$30,833$28,422
3 years$21,910$21,289$20,692$20,116$19,562$17,236
4 years$16,269$15,650$15,058$14,493$13,952$11,729
5 years$12,885$12,270$11,686$11,132$10,606$8,492
6 years$10,630$10,019$9,444$8,902$8,392$6,388
7 years$9,020$8,414$7,848$7,319$6,825$4,931
8 years$7,812$7,212$6,656$6,140$5,662$3,876
9 years$6,874$6,280$5,733$5,230$4,768$3,088
10 years$6,124$5,535$4,998$4,508$4,063$2,485
11 years$5,510$4,928$4,400$3,923$3,494$2,016
12 years$5,000$4,423$3,905$3,441$3,028$1,645
13 years$4,568$3,997$3,489$3,038$2,640$1,349
14 years$4,198$3,633$3,135$2,697$2,315$1,111
15 years$3,877$3,319$2,830$2,405$2,038$917
16 years$3,597$3,045$2,566$2,154$1,801$760
17 years$3,351$2,804$2,335$1,935$1,597$630
18 years$3,132$2,591$2,131$1,744$1,420$524
19 years$2,936$2,402$1,951$1,576$1,266$436
20 years$2,760$2,232$1,791$1,427$1,131$363
21 years$2,601$2,079$1,647$1,295$1,012$303
22 years$2,456$1,940$1,518$1,178$907$253
23 years$2,325$1,815$1,402$1,072$814$211
24 years$2,204$1,700$1,296$978$732$177
25 years$2,093$1,596$1,201$893$658$148
26 years$1,991$1,500$1,114$817$593$124
27 years$1,897$1,411$1,034$748$535$103
28 years$1,810$1,330$961$685$482$87
29 years$1,729$1,255$895$628$436$72
30 years$1,653$1,185$833$576$394$61
31 years$1,582$1,120$777$529$356$51
32 years$1,516$1,060$725$487$322$43
33 years$1,454$1,004$677$447$291$36
34 years$1,396$951$632$412$264$30
35 years$1,341$902$591$379$239$25
36 years$1,290$856$553$349$216$21
37 years$1,241$813$518$322$196$18
38 years$1,195$773$485$296$178$15
39 years$1,151$735$454$273$161$12
40 years$1,110$699$426$252$146$10
41 years$1,071$666$399$233$133$9
42 years$1,034$634$374$215$120$7
43 years$998$604$351$198$109$6
44 years$965$576$330$183$99$5
45 years$933$549$310$169$90$4
46 years$902$524$291$156$82$4
47 years$873$500$273$144$74$3
48 years$845$477$257$133$67$3
49 years$818$456$241$123$61$2
50 years$793$435$227$114$56$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $812,000, adding $4,423 every year, while hoping to spend $44,651 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: 68/24/8 Blend
65$812,000$812,000$812,000$812,000
66$899,386$856,350$843,764$958,939
67$943,615$850,803$824,522$993,459
68$990,859$843,488$803,139$1,025,377
69$1,041,379$834,270$779,495$1,059,088
70$1,095,458$823,009$753,468$1,094,759
71$1,153,412$809,553$724,926$1,132,578
72$1,215,583$793,744$693,733$1,172,749
73$1,282,347$775,412$659,749$1,215,501
74$1,354,119$754,380$622,823$1,261,087
75$1,431,352$730,458$582,800$1,309,786
76$1,514,545$703,445$539,519$1,361,910
77$1,604,246$673,131$492,810$1,417,800
78$1,701,055$639,290$442,495$1,477,836
79$1,805,634$601,687$388,390$1,542,439
80$1,918,709$560,070$330,301$1,612,074
81$2,041,077$514,173$268,027$1,687,256
82$2,173,617$463,718$201,356$1,768,555
83$2,317,294$408,407$130,068$1,856,601
84$2,473,167$347,928$53,935$1,952,091
85$2,642,403$281,951$0$2,055,797
86$2,826,287$210,124$0$2,170,903
87$3,026,229$132,081$0$2,301,086
88$3,243,782$47,431$0$2,442,804
89$3,480,655$0$0$2,597,232
90$3,738,729$0$0$2,777,354
91$4,020,072$0$0$2,987,416
92$4,326,962$0$0$3,216,597
93$4,661,906$0$0$3,466,776
94$5,027,661$0$0$3,740,018
95$5,427,267$0$0$4,038,600
96$5,864,065$0$0$4,365,026
97$6,341,739$0$0$4,722,053
98$6,864,341$0$0$5,112,719
99$7,436,334$0$0$5,540,367
100$8,062,633$0$0$6,008,678