Can I retire at age 66 with 816,000?

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 $816,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%20%
1 years$67,385$66,784$66,199$65,627$65,069$62,463
2 years$33,359$32,737$32,135$31,551$30,985$28,392
3 years$22,018$21,394$20,794$20,215$19,658$17,160
4 years$16,349$15,727$15,132$14,564$14,020$11,636
5 years$12,949$12,330$11,743$11,187$10,658$8,394
6 years$10,682$10,069$9,490$8,946$8,433$6,290
7 years$9,064$8,456$7,887$7,355$6,859$4,836
8 years$7,851$7,248$6,688$6,170$5,690$3,786
9 years$6,908$6,311$5,761$5,255$4,792$3,003
10 years$6,154$5,563$5,022$4,530$4,083$2,406
11 years$5,538$4,952$4,422$3,943$3,511$1,943
12 years$5,024$4,445$3,924$3,458$3,043$1,578
13 years$4,590$4,017$3,506$3,053$2,653$1,288
14 years$4,218$3,651$3,150$2,710$2,326$1,055
15 years$3,897$3,335$2,844$2,417$2,048$867
16 years$3,615$3,060$2,579$2,164$1,810$714
17 years$3,367$2,818$2,346$1,944$1,605$590
18 years$3,147$2,604$2,142$1,752$1,427$488
19 years$2,950$2,413$1,961$1,583$1,272$404
20 years$2,773$2,243$1,800$1,434$1,136$335
21 years$2,613$2,089$1,655$1,302$1,017$278
22 years$2,468$1,950$1,526$1,183$911$230
23 years$2,336$1,824$1,409$1,078$818$191
24 years$2,215$1,709$1,303$983$735$159
25 years$2,104$1,604$1,207$898$662$132
26 years$2,001$1,507$1,119$821$596$110
27 years$1,907$1,418$1,039$751$537$92
28 years$1,819$1,337$966$688$485$76
29 years$1,737$1,261$899$631$438$63
30 years$1,661$1,191$837$579$396$53
31 years$1,590$1,126$781$532$358$44
32 years$1,524$1,065$728$489$324$37
33 years$1,461$1,009$680$450$293$31
34 years$1,403$956$635$414$265$25
35 years$1,348$907$594$381$240$21
36 years$1,296$861$556$351$218$18
37 years$1,247$817$520$323$197$15
38 years$1,201$777$487$298$179$12
39 years$1,157$739$456$275$162$10
40 years$1,116$703$428$253$147$9
41 years$1,076$669$401$234$133$7
42 years$1,039$637$376$216$121$6
43 years$1,003$607$353$199$110$5
44 years$970$579$331$184$100$4
45 years$937$552$311$170$91$3
46 years$907$526$292$157$82$3
47 years$877$502$275$145$75$2
48 years$849$480$258$134$68$2
49 years$822$458$243$124$62$2
50 years$797$437$228$114$56$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $816,000, adding $4,484 every year, while hoping to spend $42,708 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: 36/46/18 Blend
65$816,000$816,000$816,000$816,000
66$903,857$860,609$847,961$931,301
67$950,610$857,338$830,927$948,370
68$1,000,700$852,475$811,891$962,447
69$1,054,422$845,898$790,740$976,748
70$1,112,101$837,475$767,358$991,316
71$1,174,093$827,068$741,622$1,006,202
72$1,240,787$814,531$713,403$1,021,468
73$1,312,612$799,709$682,567$1,037,183
74$1,390,040$782,436$648,974$1,053,428
75$1,473,587$762,538$612,478$1,070,298
76$1,563,821$739,830$572,924$1,087,900
77$1,661,366$714,118$530,153$1,106,358
78$1,766,910$685,194$483,997$1,125,813
79$1,881,205$652,839$434,281$1,146,426
80$2,005,082$616,822$380,824$1,168,382
81$2,139,452$576,898$323,433$1,191,888
82$2,285,319$532,808$261,910$1,217,180
83$2,443,784$484,278$196,047$1,244,525
84$2,616,062$431,020$125,626$1,274,225
85$2,803,486$372,726$50,421$1,306,619
86$3,007,527$309,075$0$1,342,091
87$3,229,800$239,724$0$1,386,801
88$3,472,082$164,314$0$1,446,209
89$3,736,332$82,463$0$1,511,215
90$4,024,704$0$0$1,582,477
91$4,339,569$0$0$1,663,887
92$4,683,536$0$0$1,798,528
93$5,059,480$0$0$1,945,797
94$5,470,565$0$0$2,106,949
95$5,920,273$0$0$2,283,362
96$6,412,440$0$0$2,476,557
97$6,951,290$0$0$2,688,206
98$7,541,473$0$0$2,920,154
99$8,188,111$0$0$3,174,430
100$8,896,844$0$0$3,453,269