Can I retire at age 66 with 819,000?

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 $819,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.9%
1 years$67,632$67,030$66,442$65,868$65,308$62,966
2 years$33,481$32,858$32,253$31,667$31,099$28,765
3 years$22,099$21,473$20,870$20,290$19,731$17,477
4 years$16,409$15,785$15,188$14,618$14,072$11,917
5 years$12,996$12,376$11,787$11,228$10,697$8,647
6 years$10,721$10,106$9,525$8,979$8,464$6,519
7 years$9,097$8,487$7,916$7,382$6,884$5,044
8 years$7,880$7,275$6,713$6,193$5,711$3,974
9 years$6,933$6,334$5,782$5,275$4,809$3,174
10 years$6,177$5,583$5,041$4,547$4,098$2,561
11 years$5,558$4,970$4,438$3,957$3,524$2,083
12 years$5,043$4,461$3,938$3,471$3,054$1,704
13 years$4,607$4,031$3,519$3,064$2,663$1,401
14 years$4,234$3,664$3,162$2,720$2,335$1,157
15 years$3,911$3,348$2,855$2,426$2,055$958
16 years$3,628$3,071$2,588$2,172$1,817$796
17 years$3,380$2,829$2,355$1,952$1,611$662
18 years$3,159$2,614$2,150$1,759$1,432$552
19 years$2,961$2,422$1,968$1,589$1,277$461
20 years$2,784$2,251$1,806$1,439$1,140$385
21 years$2,623$2,097$1,661$1,306$1,020$322
22 years$2,477$1,957$1,531$1,188$915$270
23 years$2,345$1,831$1,414$1,082$821$226
24 years$2,223$1,715$1,308$987$738$190
25 years$2,112$1,610$1,211$901$664$159
26 years$2,009$1,513$1,123$824$598$134
27 years$1,914$1,424$1,043$754$539$112
28 years$1,825$1,341$970$691$487$94
29 years$1,743$1,266$902$634$439$79
30 years$1,667$1,195$840$581$397$66
31 years$1,596$1,130$783$534$359$56
32 years$1,529$1,069$731$491$325$47
33 years$1,467$1,012$683$451$294$39
34 years$1,408$960$638$415$266$33
35 years$1,353$910$596$382$241$28
36 years$1,301$864$558$352$218$23
37 years$1,252$820$522$324$198$20
38 years$1,205$780$489$299$179$17
39 years$1,161$741$458$276$163$14
40 years$1,120$705$429$254$148$12
41 years$1,080$671$403$235$134$10
42 years$1,043$639$378$216$121$8
43 years$1,007$609$354$200$110$7
44 years$973$581$333$185$100$6
45 years$941$554$312$170$91$5
46 years$910$528$293$157$82$4
47 years$880$504$276$145$75$3
48 years$852$481$259$134$68$3
49 years$825$460$243$124$62$2
50 years$800$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 $819,000, adding $2,936 every year, while hoping to spend $47,202 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: 52/29/19 Blend
65$819,000$819,000$819,000$819,000
66$905,566$862,159$849,465$947,786
67$947,712$854,183$827,699$969,156
68$992,574$844,233$803,623$987,226
69$1,040,380$832,164$777,108$1,005,862
70$1,091,379$817,821$748,021$1,025,136
71$1,145,844$801,038$716,224$1,045,125
72$1,204,073$781,642$681,571$1,065,919
73$1,266,394$759,448$643,909$1,087,620
74$1,333,166$734,261$603,080$1,110,345
75$1,404,784$705,874$558,918$1,134,222
76$1,481,679$674,069$511,249$1,159,399
77$1,564,326$638,614$459,891$1,186,042
78$1,653,245$599,265$404,656$1,214,339
79$1,749,010$555,762$345,345$1,244,499
80$1,852,246$507,832$281,752$1,276,758
81$1,963,646$455,186$213,661$1,311,383
82$2,083,966$397,519$140,847$1,348,669
83$2,214,039$334,506$63,074$1,388,951
84$2,354,782$265,807$0$1,432,601
85$2,507,200$191,062$0$1,484,075
86$2,672,400$109,890$0$1,553,708
87$2,851,598$21,888$0$1,629,275
88$3,046,133$0$0$1,711,413
89$3,257,476$0$0$1,824,240
90$3,487,247$0$0$1,954,572
91$3,737,225$0$0$2,096,441
92$4,009,371$0$0$2,250,969
93$4,305,841$0$0$2,419,392
94$4,629,007$0$0$2,603,066
95$4,981,481$0$0$2,803,488
96$5,366,138$0$0$3,022,302
97$5,786,141$0$0$3,261,320
98$6,244,973$0$0$3,522,536
99$6,746,468$0$0$3,808,146
100$7,294,847$0$0$4,120,567