Can I retire at age 66 with 819,000?

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 $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%12%
1 years$67,632$67,030$66,442$65,868$65,308$64,761
2 years$33,481$32,858$32,253$31,667$31,099$30,548
3 years$22,099$21,473$20,870$20,290$19,731$19,192
4 years$16,409$15,785$15,188$14,618$14,072$13,550
5 years$12,996$12,376$11,787$11,228$10,697$10,194
6 years$10,721$10,106$9,525$8,979$8,464$7,980
7 years$9,097$8,487$7,916$7,382$6,884$6,419
8 years$7,880$7,275$6,713$6,193$5,711$5,265
9 years$6,933$6,334$5,782$5,275$4,809$4,383
10 years$6,177$5,583$5,041$4,547$4,098$3,690
11 years$5,558$4,970$4,438$3,957$3,524$3,135
12 years$5,043$4,461$3,938$3,471$3,054$2,683
13 years$4,607$4,031$3,519$3,064$2,663$2,310
14 years$4,234$3,664$3,162$2,720$2,335$1,999
15 years$3,911$3,348$2,855$2,426$2,055$1,737
16 years$3,628$3,071$2,588$2,172$1,817$1,515
17 years$3,380$2,829$2,355$1,952$1,611$1,325
18 years$3,159$2,614$2,150$1,759$1,432$1,162
19 years$2,961$2,422$1,968$1,589$1,277$1,021
20 years$2,784$2,251$1,806$1,439$1,140$899
21 years$2,623$2,097$1,661$1,306$1,020$793
22 years$2,477$1,957$1,531$1,188$915$700
23 years$2,345$1,831$1,414$1,082$821$619
24 years$2,223$1,715$1,308$987$738$548
25 years$2,112$1,610$1,211$901$664$486
26 years$2,009$1,513$1,123$824$598$431
27 years$1,914$1,424$1,043$754$539$382
28 years$1,825$1,341$970$691$487$340
29 years$1,743$1,266$902$634$439$302
30 years$1,667$1,195$840$581$397$268
31 years$1,596$1,130$783$534$359$239
32 years$1,529$1,069$731$491$325$212
33 years$1,467$1,012$683$451$294$189
34 years$1,408$960$638$415$266$168
35 years$1,353$910$596$382$241$150
36 years$1,301$864$558$352$218$134
37 years$1,252$820$522$324$198$119
38 years$1,205$780$489$299$179$106
39 years$1,161$741$458$276$163$95
40 years$1,120$705$429$254$148$84
41 years$1,080$671$403$235$134$75
42 years$1,043$639$378$216$121$67
43 years$1,007$609$354$200$110$60
44 years$973$581$333$185$100$53
45 years$941$554$312$170$91$48
46 years$910$528$293$157$82$43
47 years$880$504$276$145$75$38
48 years$852$481$259$134$68$34
49 years$825$460$243$124$62$30
50 years$800$439$229$115$56$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $819,000, adding $5,792 every year, while hoping to spend $33,337 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: 45/42/13 Blend
65$819,000$819,000$819,000$819,000
66$908,512$865,105$852,411$945,782
67$965,710$872,025$845,496$979,202
68$1,027,625$878,167$837,233$1,011,580
69$1,094,703$883,457$827,540$1,045,954
70$1,167,434$887,817$816,334$1,082,521
71$1,246,357$891,165$803,526$1,121,500
72$1,332,065$893,412$789,024$1,163,134
73$1,425,211$894,465$772,731$1,207,692
74$1,526,512$894,223$754,547$1,255,473
75$1,636,757$892,581$734,365$1,306,807
76$1,756,815$889,426$712,076$1,362,061
77$1,887,642$884,640$687,562$1,421,640
78$2,030,290$878,096$660,704$1,485,996
79$2,185,917$869,660$631,375$1,555,625
80$2,355,796$859,189$599,442$1,631,079
81$2,541,331$846,533$564,767$1,712,970
82$2,744,066$831,532$527,205$1,801,972
83$2,965,700$814,017$486,606$1,898,835
84$3,208,106$793,808$442,812$2,004,387
85$3,473,345$770,716$395,658$2,119,543
86$3,763,685$744,540$344,971$2,245,319
87$4,081,625$715,067$290,572$2,382,834
88$4,429,918$682,073$232,274$2,533,330
89$4,811,594$645,318$169,879$2,698,179
90$5,229,990$604,552$103,184$2,878,896
91$5,688,782$559,509$31,974$3,077,160
92$6,192,019$509,906$0$3,294,824
93$6,744,161$455,447$0$3,540,044
94$7,350,118$395,817$0$3,814,107
95$8,015,301$330,683$0$4,115,111
96$8,745,671$259,695$0$4,445,856
97$9,547,792$182,483$0$4,809,435
98$10,428,895$98,653$0$5,209,261
99$11,396,950$7,794$0$5,649,103
100$12,460,731$0$0$6,133,121