Can I retire at age 66 with 817,000?

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 $817,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$67,467$66,866$66,280$65,708$65,149$64,468
2 years$33,400$32,778$32,175$31,590$31,023$30,338
3 years$22,045$21,420$20,819$20,240$19,682$19,014
4 years$16,369$15,746$15,151$14,582$14,038$13,391
5 years$12,964$12,345$11,758$11,200$10,671$10,048
6 years$10,695$10,081$9,502$8,957$8,444$7,844
7 years$9,075$8,466$7,896$7,364$6,867$6,292
8 years$7,861$7,257$6,697$6,177$5,697$5,147
9 years$6,916$6,318$5,768$5,262$4,798$4,272
10 years$6,162$5,569$5,029$4,536$4,088$3,586
11 years$5,544$4,958$4,427$3,947$3,516$3,037
12 years$5,030$4,450$3,929$3,462$3,047$2,591
13 years$4,596$4,022$3,510$3,057$2,657$2,224
14 years$4,224$3,656$3,154$2,714$2,329$1,918
15 years$3,901$3,339$2,848$2,420$2,050$1,661
16 years$3,620$3,064$2,582$2,167$1,812$1,443
17 years$3,371$2,822$2,349$1,947$1,607$1,258
18 years$3,151$2,607$2,145$1,755$1,429$1,099
19 years$2,954$2,416$1,963$1,585$1,273$962
20 years$2,777$2,245$1,802$1,436$1,137$844
21 years$2,617$2,092$1,657$1,303$1,018$742
22 years$2,471$1,952$1,527$1,185$912$653
23 years$2,339$1,826$1,410$1,079$819$575
24 years$2,218$1,711$1,304$984$736$507
25 years$2,106$1,606$1,208$899$662$448
26 years$2,004$1,509$1,120$822$597$395
27 years$1,909$1,420$1,040$752$538$350
28 years$1,821$1,338$967$689$485$309
29 years$1,739$1,262$900$632$438$274
30 years$1,663$1,192$838$580$396$242
31 years$1,592$1,127$782$533$358$215
32 years$1,525$1,066$729$490$324$190
33 years$1,463$1,010$681$450$293$169
34 years$1,405$957$636$414$265$150
35 years$1,349$908$595$381$240$133
36 years$1,298$862$556$351$218$118
37 years$1,249$818$521$324$197$105
38 years$1,202$778$488$298$179$93
39 years$1,158$740$457$275$162$82
40 years$1,117$704$428$254$147$73
41 years$1,078$670$402$234$134$65
42 years$1,040$638$377$216$121$58
43 years$1,005$608$353$199$110$51
44 years$971$579$332$184$100$45
45 years$938$552$312$170$91$40
46 years$908$527$293$157$82$36
47 years$878$503$275$145$75$32
48 years$850$480$258$134$68$28
49 years$823$459$243$124$62$25
50 years$798$438$228$115$56$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $817,000, adding $3,439 every year, while hoping to spend $55,645 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: 56/34/10 Blend
65$817,000$817,000$817,000$817,000
66$903,881$860,580$847,917$952,096
67$936,871$843,543$817,116$968,036
68$971,361$823,806$783,419$978,942
69$1,007,446$801,178$746,669$989,490
70$1,045,226$775,456$706,703$999,654
71$1,084,814$746,428$663,352$1,009,408
72$1,126,328$713,866$616,437$1,018,728
73$1,169,898$677,531$565,773$1,027,589
74$1,215,667$637,168$511,165$1,035,967
75$1,263,786$592,511$452,411$1,043,842
76$1,314,424$543,275$389,298$1,051,193
77$1,367,761$489,162$321,605$1,058,002
78$1,423,995$429,854$249,102$1,064,255
79$1,483,342$365,016$171,546$1,069,942
80$1,546,037$294,295$88,687$1,075,054
81$1,612,335$217,319$260$1,079,589
82$1,682,517$133,691$0$1,083,553
83$1,756,887$42,995$0$1,096,995
84$1,835,781$0$0$1,110,577
85$1,919,561$0$0$1,144,983
86$2,008,628$0$0$1,198,700
87$2,103,418$0$0$1,255,910
88$2,204,408$0$0$1,316,905
89$2,312,122$0$0$1,382,008
90$2,427,134$0$0$1,451,571
91$2,550,070$0$0$1,525,981
92$2,681,621$0$0$1,605,660
93$2,822,539$0$0$1,691,073
94$2,973,655$0$0$1,782,730
95$3,135,875$0$0$1,881,190
96$3,310,198$0$0$1,987,066
97$3,497,717$0$0$2,101,033
98$3,699,635$0$0$2,223,830
99$3,917,270$0$0$2,356,269
100$4,152,072$0$0$2,499,244