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%12.3%
1 years$67,467$66,866$66,280$65,708$65,149$64,522
2 years$33,400$32,778$32,175$31,590$31,023$30,392
3 years$22,045$21,420$20,819$20,240$19,682$19,066
4 years$16,369$15,746$15,151$14,582$14,038$13,441
5 years$12,964$12,345$11,758$11,200$10,671$10,096
6 years$10,695$10,081$9,502$8,957$8,444$7,891
7 years$9,075$8,466$7,896$7,364$6,867$6,336
8 years$7,861$7,257$6,697$6,177$5,697$5,189
9 years$6,916$6,318$5,768$5,262$4,798$4,312
10 years$6,162$5,569$5,029$4,536$4,088$3,624
11 years$5,544$4,958$4,427$3,947$3,516$3,073
12 years$5,030$4,450$3,929$3,462$3,047$2,625
13 years$4,596$4,022$3,510$3,057$2,657$2,256
14 years$4,224$3,656$3,154$2,714$2,329$1,948
15 years$3,901$3,339$2,848$2,420$2,050$1,689
16 years$3,620$3,064$2,582$2,167$1,812$1,470
17 years$3,371$2,822$2,349$1,947$1,607$1,283
18 years$3,151$2,607$2,145$1,755$1,429$1,123
19 years$2,954$2,416$1,963$1,585$1,273$984
20 years$2,777$2,245$1,802$1,436$1,137$865
21 years$2,617$2,092$1,657$1,303$1,018$761
22 years$2,471$1,952$1,527$1,185$912$671
23 years$2,339$1,826$1,410$1,079$819$592
24 years$2,218$1,711$1,304$984$736$523
25 years$2,106$1,606$1,208$899$662$462
26 years$2,004$1,509$1,120$822$597$409
27 years$1,909$1,420$1,040$752$538$362
28 years$1,821$1,338$967$689$485$321
29 years$1,739$1,262$900$632$438$284
30 years$1,663$1,192$838$580$396$252
31 years$1,592$1,127$782$533$358$224
32 years$1,525$1,066$729$490$324$199
33 years$1,463$1,010$681$450$293$176
34 years$1,405$957$636$414$265$157
35 years$1,349$908$595$381$240$139
36 years$1,298$862$556$351$218$124
37 years$1,249$818$521$324$197$110
38 years$1,202$778$488$298$179$98
39 years$1,158$740$457$275$162$87
40 years$1,117$704$428$254$147$77
41 years$1,078$670$402$234$134$69
42 years$1,040$638$377$216$121$61
43 years$1,005$608$353$199$110$54
44 years$971$579$332$184$100$48
45 years$938$552$312$170$91$43
46 years$908$527$293$157$82$38
47 years$878$503$275$145$75$34
48 years$850$480$258$134$68$30
49 years$823$459$243$124$62$27
50 years$798$438$228$115$56$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $817,000, adding $2,411 every year, while hoping to spend $21,205 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: 83/6/11 Blend
65$817,000$817,000$817,000$817,000
66$902,821$859,520$846,856$975,920
67$972,347$879,074$852,664$1,043,690
68$1,048,253$898,876$857,956$1,115,032
69$1,131,170$918,916$862,692$1,192,739
70$1,221,787$939,181$866,830$1,277,438
71$1,320,867$959,659$870,327$1,369,820
72$1,429,249$980,335$873,136$1,470,647
73$1,547,856$1,001,195$875,210$1,580,756
74$1,677,705$1,022,221$876,497$1,701,072
75$1,819,915$1,043,395$876,944$1,832,610
76$1,975,721$1,064,695$876,495$1,976,492
77$2,146,478$1,086,099$875,092$2,133,950
78$2,333,684$1,107,583$872,673$2,306,345
79$2,538,985$1,129,120$869,172$2,495,175
80$2,764,196$1,150,681$864,524$2,702,089
81$3,011,314$1,172,235$858,656$2,928,905
82$3,282,542$1,193,748$851,495$3,177,626
83$3,580,303$1,215,183$842,961$3,450,458
84$3,907,268$1,236,502$832,975$3,749,834
85$4,266,380$1,257,661$821,450$4,078,430
86$4,660,879$1,278,614$808,297$4,439,200
87$5,094,336$1,299,314$793,422$4,835,394
88$5,570,684$1,319,706$776,727$5,270,597
89$6,094,256$1,339,734$758,110$5,748,756
90$6,669,827$1,359,337$737,463$6,274,222
91$7,302,655$1,378,451$714,674$6,851,789
92$7,998,536$1,397,005$689,626$7,486,740
93$8,763,853$1,414,925$662,195$8,184,896
94$9,605,641$1,432,131$632,254$8,952,670
95$10,531,650$1,448,538$599,667$9,797,131
96$11,550,418$1,464,056$564,296$10,726,067
97$12,671,353$1,478,587$525,992$11,748,061
98$13,904,821$1,492,028$484,603$12,872,571
99$15,262,244$1,504,269$439,969$14,110,017
100$16,756,207$1,515,193$391,922$15,471,886