Can I retire at age 66 with 818,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $818,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.6%
1 years$67,550$66,948$66,361$65,788$65,228$62,715
2 years$33,440$32,818$32,214$31,629$31,061$28,559
3 years$22,072$21,447$20,845$20,265$19,706$17,294
4 years$16,389$15,766$15,170$14,600$14,055$11,751
5 years$12,980$12,360$11,772$11,214$10,684$8,494
6 years$10,708$10,093$9,514$8,968$8,454$6,380
7 years$9,086$8,476$7,906$7,373$6,875$4,916
8 years$7,870$7,266$6,705$6,185$5,704$3,858
9 years$6,925$6,326$5,775$5,268$4,803$3,068
10 years$6,169$5,576$5,035$4,541$4,093$2,464
11 years$5,551$4,964$4,432$3,952$3,520$1,995
12 years$5,036$4,456$3,934$3,467$3,050$1,625
13 years$4,601$4,027$3,514$3,061$2,660$1,330
14 years$4,229$3,660$3,158$2,717$2,332$1,092
15 years$3,906$3,343$2,851$2,423$2,053$900
16 years$3,624$3,068$2,585$2,169$1,814$744
17 years$3,375$2,825$2,352$1,949$1,609$616
18 years$3,155$2,611$2,147$1,757$1,430$511
19 years$2,957$2,419$1,966$1,587$1,275$424
20 years$2,780$2,248$1,804$1,438$1,139$353
21 years$2,620$2,094$1,659$1,305$1,019$293
22 years$2,474$1,955$1,529$1,186$914$244
23 years$2,342$1,828$1,412$1,080$820$204
24 years$2,220$1,713$1,306$985$737$170
25 years$2,109$1,608$1,210$900$663$142
26 years$2,006$1,511$1,122$823$597$118
27 years$1,911$1,422$1,042$753$539$99
28 years$1,823$1,340$968$690$486$82
29 years$1,741$1,264$901$633$439$69
30 years$1,665$1,194$839$581$397$58
31 years$1,594$1,128$783$533$359$48
32 years$1,527$1,068$730$490$324$40
33 years$1,465$1,011$682$451$293$34
34 years$1,406$958$637$415$266$28
35 years$1,351$909$596$382$241$23
36 years$1,299$863$557$352$218$20
37 years$1,250$819$521$324$198$16
38 years$1,204$779$488$299$179$14
39 years$1,160$741$457$275$162$11
40 years$1,118$705$429$254$147$10
41 years$1,079$671$402$234$134$8
42 years$1,041$639$377$216$121$7
43 years$1,006$609$354$200$110$6
44 years$972$580$332$184$100$5
45 years$940$553$312$170$91$4
46 years$909$528$293$157$82$3
47 years$879$504$275$145$75$3
48 years$851$481$259$134$68$2
49 years$824$459$243$124$62$2
50 years$799$439$229$115$56$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $818,000, adding $5,718 every year, while hoping to spend $49,199 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: 28/45/27 Blend
65$818,000$818,000$818,000$818,000
66$907,334$863,980$851,301$925,008
67$947,535$853,968$827,472$929,512
68$990,187$841,816$801,196$929,702
69$1,035,489$827,368$772,339$928,909
70$1,083,657$810,457$740,761$927,082
71$1,134,929$790,908$706,315$924,171
72$1,189,564$768,535$668,849$920,124
73$1,247,845$743,139$628,201$914,892
74$1,310,086$714,513$584,206$908,426
75$1,376,626$682,436$536,689$900,678
76$1,447,840$646,673$485,466$891,603
77$1,524,138$606,978$430,347$881,157
78$1,605,970$563,090$371,134$869,300
79$1,693,829$514,732$307,617$855,997
80$1,788,258$461,612$239,580$841,216
81$1,889,850$403,421$166,796$824,931
82$1,999,259$339,833$89,029$807,125
83$2,117,203$270,504$6,030$787,787
84$2,244,468$195,069$0$766,917
85$2,381,921$113,145$0$768,305
86$2,530,512$24,324$0$771,594
87$2,691,287$0$0$775,165
88$2,865,395$0$0$814,723
89$3,054,099$0$0$870,763
90$3,258,788$0$0$931,666
91$3,480,991$0$0$997,902
92$3,722,388$0$0$1,069,988
93$3,984,826$0$0$1,148,490
94$4,270,340$0$0$1,234,035
95$4,581,167$0$0$1,327,309
96$4,919,768$0$0$1,429,071
97$5,288,854$0$0$1,540,153
98$5,691,405$0$0$1,661,474
99$6,130,704$0$0$1,794,042
100$6,610,363$0$0$1,938,969