Can I retire at age 66 with 820,000?

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 $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%16.9%
1 years$67,715$67,112$66,523$65,949$65,388$63,550
2 years$33,522$32,898$32,293$31,706$31,137$29,299
3 years$22,126$21,499$20,896$20,314$19,755$17,974
4 years$16,429$15,804$15,207$14,635$14,089$12,380
5 years$13,012$12,391$11,801$11,241$10,710$9,078
6 years$10,735$10,118$9,537$8,990$8,475$6,920
7 years$9,108$8,497$7,925$7,391$6,892$5,415
8 years$7,889$7,283$6,721$6,200$5,718$4,318
9 years$6,942$6,342$5,789$5,281$4,815$3,490
10 years$6,184$5,590$5,047$4,552$4,103$2,852
11 years$5,565$4,976$4,443$3,962$3,529$2,349
12 years$5,049$4,466$3,943$3,475$3,058$1,948
13 years$4,613$4,036$3,523$3,068$2,666$1,624
14 years$4,239$3,669$3,165$2,723$2,337$1,359
15 years$3,916$3,352$2,858$2,429$2,058$1,142
16 years$3,633$3,075$2,591$2,175$1,819$962
17 years$3,384$2,832$2,358$1,954$1,613$813
18 years$3,162$2,617$2,152$1,761$1,434$688
19 years$2,965$2,425$1,970$1,591$1,278$583
20 years$2,787$2,254$1,808$1,441$1,142$495
21 years$2,626$2,099$1,663$1,308$1,022$420
22 years$2,480$1,960$1,533$1,189$916$358
23 years$2,348$1,833$1,416$1,083$822$304
24 years$2,226$1,717$1,309$988$739$259
25 years$2,114$1,611$1,212$902$665$221
26 years$2,011$1,515$1,125$825$599$189
27 years$1,916$1,425$1,044$755$540$161
28 years$1,828$1,343$971$692$487$137
29 years$1,746$1,267$903$634$440$117
30 years$1,669$1,197$841$582$398$100
31 years$1,598$1,131$784$535$359$86
32 years$1,531$1,070$732$491$325$73
33 years$1,468$1,014$683$452$294$62
34 years$1,410$961$639$416$266$53
35 years$1,354$911$597$383$241$46
36 years$1,302$865$558$352$219$39
37 years$1,253$821$523$325$198$33
38 years$1,207$781$489$299$180$29
39 years$1,163$742$459$276$163$24
40 years$1,121$706$430$255$148$21
41 years$1,082$672$403$235$134$18
42 years$1,044$640$378$217$122$15
43 years$1,008$610$355$200$110$13
44 years$974$581$333$185$100$11
45 years$942$555$313$171$91$10
46 years$911$529$294$158$83$8
47 years$882$505$276$146$75$7
48 years$853$482$259$135$68$6
49 years$826$460$244$124$62$5
50 years$801$440$229$115$56$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $820,000, adding $6,000 every year, while hoping to spend $47,733 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: 58/24/18 Blend
65$820,000$820,000$820,000$820,000
66$909,829$866,369$853,659$957,973
67$951,844$858,034$831,469$982,985
68$996,545$847,690$806,936$1,004,511
69$1,044,155$835,189$779,931$1,026,898
70$1,094,919$820,374$750,319$1,050,237
71$1,149,105$803,076$717,959$1,074,631
72$1,207,007$783,120$682,704$1,100,196
73$1,268,947$760,319$644,400$1,127,063
74$1,335,278$734,472$602,885$1,155,377
75$1,406,387$705,372$557,992$1,185,302
76$1,482,698$672,795$509,545$1,217,021
77$1,564,679$636,508$457,360$1,250,739
78$1,652,840$596,260$401,245$1,286,684
79$1,747,743$551,790$341,001$1,325,113
80$1,850,005$502,821$276,417$1,366,310
81$1,960,303$449,057$207,275$1,410,594
82$2,079,383$390,189$133,347$1,458,322
83$2,208,061$325,889$54,395$1,509,888
84$2,347,237$255,811$0$1,565,735
85$2,497,897$179,589$0$1,632,088
86$2,661,130$96,836$0$1,715,281
87$2,838,128$7,144$0$1,805,515
88$3,030,206$0$0$1,903,523
89$3,238,807$0$0$2,033,858
90$3,465,520$0$0$2,177,622
91$3,712,092$0$0$2,334,044
92$3,980,448$0$0$2,504,351
93$4,272,702$0$0$2,689,894
94$4,591,183$0$0$2,892,162
95$4,938,453$0$0$3,112,789
96$5,317,332$0$0$3,353,578
97$5,730,924$0$0$3,616,510
98$6,182,646$0$0$3,903,769
99$6,676,260$0$0$4,217,757
100$7,215,906$0$0$4,561,120