Can I retire at age 66 with 815,000?

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 $815,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$67,302$66,702$66,118$65,547$64,989$64,391
2 years$33,318$32,697$32,096$31,513$30,947$30,344
3 years$21,991$21,368$20,768$20,191$19,634$19,046
4 years$16,329$15,708$15,114$14,546$14,003$13,433
5 years$12,933$12,315$11,729$11,173$10,645$10,096
6 years$10,669$10,056$9,479$8,935$8,423$7,895
7 years$9,053$8,445$7,877$7,346$6,850$6,343
8 years$7,841$7,239$6,680$6,162$5,683$5,197
9 years$6,899$6,303$5,754$5,249$4,786$4,321
10 years$6,146$5,556$5,016$4,525$4,078$3,634
11 years$5,531$4,946$4,416$3,938$3,507$3,084
12 years$5,018$4,439$3,919$3,454$3,039$2,636
13 years$4,584$4,012$3,502$3,049$2,650$2,267
14 years$4,213$3,647$3,146$2,707$2,323$1,959
15 years$3,892$3,331$2,841$2,414$2,045$1,700
16 years$3,611$3,056$2,575$2,162$1,808$1,480
17 years$3,363$2,815$2,344$1,942$1,603$1,293
18 years$3,143$2,601$2,139$1,750$1,425$1,132
19 years$2,947$2,411$1,958$1,581$1,270$993
20 years$2,770$2,240$1,797$1,432$1,135$873
21 years$2,610$2,086$1,653$1,300$1,015$769
22 years$2,465$1,948$1,524$1,182$910$678
23 years$2,333$1,822$1,407$1,076$817$599
24 years$2,212$1,707$1,301$982$734$529
25 years$2,101$1,602$1,205$897$661$468
26 years$1,999$1,505$1,118$820$595$415
27 years$1,904$1,417$1,038$750$537$367
28 years$1,816$1,335$965$688$484$326
29 years$1,735$1,259$898$630$437$289
30 years$1,659$1,189$836$579$395$257
31 years$1,588$1,124$780$531$357$228
32 years$1,522$1,064$727$488$323$203
33 years$1,460$1,007$679$449$292$180
34 years$1,401$955$635$413$265$160
35 years$1,346$906$593$380$240$142
36 years$1,294$860$555$350$217$127
37 years$1,246$816$520$323$197$113
38 years$1,199$776$487$298$179$100
39 years$1,156$738$456$274$162$89
40 years$1,114$702$427$253$147$79
41 years$1,075$668$401$233$133$71
42 years$1,038$636$376$215$121$63
43 years$1,002$606$353$199$110$56
44 years$968$578$331$184$100$50
45 years$936$551$311$170$90$44
46 years$905$526$292$157$82$40
47 years$876$502$274$145$75$35
48 years$848$479$258$134$68$31
49 years$821$457$242$124$61$28
50 years$796$437$228$114$56$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $815,000, adding $3,991 every year, while hoping to spend $35,585 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: 51/42/7 Blend
65$815,000$815,000$815,000$815,000
66$902,247$859,052$846,419$946,487
67$956,414$863,283$836,912$981,253
68$1,014,913$866,529$825,894$1,014,853
69$1,078,149$868,704$813,276$1,050,531
70$1,146,566$869,716$798,967$1,088,488
71$1,220,653$869,470$782,869$1,128,951
72$1,300,947$867,860$764,882$1,172,169
73$1,388,037$864,780$744,900$1,218,417
74$1,482,575$860,111$722,812$1,268,002
75$1,585,273$853,733$698,502$1,321,262
76$1,696,918$845,513$671,849$1,378,574
77$1,818,374$835,313$642,726$1,440,352
78$1,950,592$822,988$611,002$1,507,058
79$2,094,620$808,381$576,537$1,579,201
80$2,251,607$791,328$539,187$1,657,346
81$2,422,822$771,654$498,801$1,742,116
82$2,609,660$749,175$455,221$1,834,204
83$2,813,657$723,696$408,282$1,934,375
84$3,036,502$695,009$357,812$2,043,475
85$3,280,056$662,896$303,630$2,162,441
86$3,546,369$627,125$245,548$2,292,309
87$3,837,696$587,452$183,371$2,434,224
88$4,156,521$543,616$116,894$2,589,453
89$4,505,578$495,345$45,902$2,759,399
90$4,887,879$442,350$0$2,945,609
91$5,306,741$384,323$0$3,152,027
92$5,765,816$320,943$0$3,382,119
93$6,269,128$251,867$0$3,634,563
94$6,821,106$176,736$0$3,911,691
95$7,426,630$95,167$0$4,216,078
96$8,091,075$6,759$0$4,550,566
97$8,820,362$0$0$4,918,297
98$9,621,013$0$0$5,363,830
99$10,500,210$0$0$5,856,590
100$11,465,868$0$0$6,397,900