Can I retire at age 66 with 820,000?

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 $820,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.2%
1 years$67,715$67,112$66,523$65,949$65,388$62,968
2 years$33,522$32,898$32,293$31,706$31,137$28,726
3 years$22,126$21,499$20,896$20,314$19,755$17,429
4 years$16,429$15,804$15,207$14,635$14,089$11,866
5 years$13,012$12,391$11,801$11,241$10,710$8,596
6 years$10,735$10,118$9,537$8,990$8,475$6,470
7 years$9,108$8,497$7,925$7,391$6,892$4,997
8 years$7,889$7,283$6,721$6,200$5,718$3,931
9 years$6,942$6,342$5,789$5,281$4,815$3,133
10 years$6,184$5,590$5,047$4,552$4,103$2,523
11 years$5,565$4,976$4,443$3,962$3,529$2,048
12 years$5,049$4,466$3,943$3,475$3,058$1,673
13 years$4,613$4,036$3,523$3,068$2,666$1,373
14 years$4,239$3,669$3,165$2,723$2,337$1,131
15 years$3,916$3,352$2,858$2,429$2,058$935
16 years$3,633$3,075$2,591$2,175$1,819$774
17 years$3,384$2,832$2,358$1,954$1,613$643
18 years$3,162$2,617$2,152$1,761$1,434$535
19 years$2,965$2,425$1,970$1,591$1,278$446
20 years$2,787$2,254$1,808$1,441$1,142$372
21 years$2,626$2,099$1,663$1,308$1,022$310
22 years$2,480$1,960$1,533$1,189$916$259
23 years$2,348$1,833$1,416$1,083$822$217
24 years$2,226$1,717$1,309$988$739$181
25 years$2,114$1,611$1,212$902$665$152
26 years$2,011$1,515$1,125$825$599$127
27 years$1,916$1,425$1,044$755$540$106
28 years$1,828$1,343$971$692$487$89
29 years$1,746$1,267$903$634$440$75
30 years$1,669$1,197$841$582$398$63
31 years$1,598$1,131$784$535$359$52
32 years$1,531$1,070$732$491$325$44
33 years$1,468$1,014$683$452$294$37
34 years$1,410$961$639$416$266$31
35 years$1,354$911$597$383$241$26
36 years$1,302$865$558$352$219$22
37 years$1,253$821$523$325$198$18
38 years$1,207$781$489$299$180$15
39 years$1,163$742$459$276$163$13
40 years$1,121$706$430$255$148$11
41 years$1,082$672$403$235$134$9
42 years$1,044$640$378$217$122$8
43 years$1,008$610$355$200$110$6
44 years$974$581$333$185$100$5
45 years$942$555$313$171$91$4
46 years$911$529$294$158$83$4
47 years$882$505$276$146$75$3
48 years$853$482$259$135$68$3
49 years$826$460$244$124$62$2
50 years$801$440$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 $820,000, adding $2,156 every year, while hoping to spend $34,730 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: 40/35/25 Blend
65$820,000$820,000$820,000$820,000
66$905,864$862,404$849,694$935,329
67$961,310$867,709$841,206$962,122
68$1,021,247$872,111$831,270$987,668
69$1,086,097$875,527$819,801$1,014,625
70$1,156,323$877,872$806,708$1,043,141
71$1,232,435$879,055$791,900$1,073,384
72$1,314,992$878,977$775,278$1,105,540
73$1,404,611$877,537$756,739$1,139,815
74$1,501,970$874,624$736,178$1,176,442
75$1,607,812$870,123$713,482$1,215,676
76$1,722,959$863,908$688,533$1,257,804
77$1,848,312$855,851$661,210$1,303,144
78$1,984,863$845,811$631,384$1,352,049
79$2,133,706$833,643$598,922$1,404,912
80$2,296,041$819,189$563,684$1,462,170
81$2,473,193$802,285$525,523$1,524,308
82$2,666,618$782,756$484,286$1,591,864
83$2,877,918$760,416$439,815$1,665,436
84$3,108,859$735,070$391,943$1,745,686
85$3,361,384$706,509$340,494$1,833,351
86$3,637,632$674,515$285,287$1,929,246
87$3,939,959$638,855$226,133$2,034,274
88$4,270,960$599,284$162,833$2,149,439
89$4,633,489$555,540$95,180$2,275,850
90$5,030,694$507,351$22,957$2,414,737
91$5,466,038$454,424$0$2,567,463
92$5,943,337$396,454$0$2,749,972
93$6,466,793$333,116$0$2,956,971
94$7,041,035$264,067$0$3,184,245
95$7,671,160$188,946$0$3,433,907
96$8,362,783$107,370$0$3,708,291
97$9,122,091$18,935$0$4,009,976
98$9,955,897$0$0$4,341,807
99$10,871,707$0$0$4,736,501
100$11,877,790$0$0$5,178,226