Can I retire at age 66 with 814,000?

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 $814,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.7%
1 years$67,219$66,621$66,036$65,466$64,910$63,392
2 years$33,277$32,657$32,057$31,474$30,909$29,389
3 years$21,964$21,342$20,743$20,166$19,610$18,134
4 years$16,309$15,688$15,095$14,528$13,986$12,567
5 years$12,917$12,300$11,715$11,159$10,632$9,273
6 years$10,656$10,044$9,467$8,924$8,413$7,115
7 years$9,042$8,435$7,867$7,337$6,842$5,606
8 years$7,832$7,230$6,672$6,155$5,676$4,501
9 years$6,891$6,295$5,747$5,243$4,780$3,665
10 years$6,139$5,549$5,010$4,519$4,073$3,017
11 years$5,524$4,940$4,411$3,933$3,503$2,505
12 years$5,012$4,434$3,914$3,450$3,035$2,093
13 years$4,579$4,007$3,497$3,046$2,647$1,759
14 years$4,208$3,642$3,142$2,704$2,320$1,485
15 years$3,887$3,327$2,837$2,411$2,043$1,258
16 years$3,606$3,053$2,572$2,159$1,806$1,069
17 years$3,359$2,811$2,341$1,940$1,601$911
18 years$3,139$2,598$2,137$1,748$1,423$777
19 years$2,943$2,408$1,956$1,580$1,269$665
20 years$2,767$2,237$1,795$1,431$1,133$569
21 years$2,607$2,084$1,651$1,298$1,014$488
22 years$2,462$1,945$1,522$1,180$909$419
23 years$2,330$1,819$1,405$1,075$816$360
24 years$2,210$1,705$1,300$981$733$310
25 years$2,099$1,600$1,204$895$660$267
26 years$1,996$1,503$1,116$819$595$230
27 years$1,902$1,415$1,037$749$536$198
28 years$1,814$1,333$964$687$484$171
29 years$1,733$1,258$897$630$437$147
30 years$1,657$1,188$835$578$395$127
31 years$1,586$1,123$779$531$357$109
32 years$1,520$1,063$727$488$323$94
33 years$1,458$1,006$678$449$292$82
34 years$1,399$954$634$413$264$70
35 years$1,345$905$593$380$239$61
36 years$1,293$859$554$350$217$53
37 years$1,244$815$519$322$197$45
38 years$1,198$775$486$297$178$39
39 years$1,154$737$455$274$162$34
40 years$1,113$701$427$253$147$29
41 years$1,074$667$400$233$133$25
42 years$1,036$636$375$215$121$22
43 years$1,001$606$352$199$110$19
44 years$967$577$331$183$99$16
45 years$935$550$310$169$90$14
46 years$904$525$292$156$82$12
47 years$875$501$274$145$74$11
48 years$847$478$257$134$68$9
49 years$820$457$242$123$61$8
50 years$795$436$227$114$56$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $814,000, adding $5,283 every year, while hoping to spend $26,269 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: 47/29/24 Blend
65$814,000$814,000$814,000$814,000
66$902,477$859,335$846,718$938,485
67$966,580$873,493$847,133$978,441
68$1,036,341$887,464$846,682$1,018,772
69$1,112,309$901,211$845,307$1,062,024
70$1,195,089$914,695$842,950$1,108,482
71$1,285,347$927,873$839,547$1,158,463
72$1,383,814$940,700$835,033$1,212,315
73$1,491,296$953,128$829,340$1,270,426
74$1,608,681$965,105$822,396$1,333,220
75$1,736,946$976,574$814,126$1,401,167
76$1,877,165$987,477$804,450$1,474,789
77$2,030,523$997,750$793,286$1,554,656
78$2,198,323$1,007,326$780,547$1,641,404
79$2,382,000$1,016,133$766,144$1,735,731
80$2,583,134$1,024,094$749,980$1,838,409
81$2,803,467$1,031,128$731,957$1,950,290
82$3,044,914$1,037,147$711,972$2,072,315
83$3,309,587$1,042,059$689,914$2,205,521
84$3,599,811$1,045,766$665,672$2,351,056
85$3,918,146$1,048,162$639,126$2,510,183
86$4,267,412$1,049,138$610,153$2,684,300
87$4,650,717$1,048,574$578,621$2,874,948
88$5,071,481$1,046,345$544,396$3,083,826
89$5,533,474$1,042,318$507,336$3,312,812
90$6,040,850$1,036,353$467,292$3,563,977
91$6,598,180$1,028,298$424,111$3,839,606
92$7,210,505$1,017,995$377,629$4,142,220
93$7,883,376$1,005,276$327,678$4,474,602
94$8,622,907$989,961$274,083$4,839,820
95$9,435,836$971,862$216,657$5,241,262
96$10,329,586$950,778$155,210$5,682,663
97$11,312,335$926,497$89,540$6,168,144
98$12,393,091$898,793$19,438$6,702,252
99$13,581,782$867,430$0$7,290,001
100$14,889,344$832,154$0$7,951,103