Can I retire at age 66 with 822,000?

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 $822,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$67,880$67,275$66,685$66,110$65,547$63,989
2 years$33,604$32,978$32,372$31,783$31,213$29,652
3 years$22,180$21,552$20,947$20,364$19,803$18,288
4 years$16,469$15,843$15,244$14,671$14,124$12,667
5 years$13,044$12,421$11,830$11,269$10,737$9,341
6 years$10,761$10,143$9,560$9,012$8,495$7,164
7 years$9,131$8,518$7,945$7,409$6,909$5,641
8 years$7,909$7,301$6,738$6,215$5,732$4,527
9 years$6,959$6,357$5,803$5,294$4,827$3,684
10 years$6,199$5,603$5,059$4,564$4,113$3,031
11 years$5,578$4,988$4,454$3,972$3,537$2,514
12 years$5,061$4,477$3,953$3,484$3,065$2,100
13 years$4,624$4,046$3,532$3,076$2,673$1,764
14 years$4,249$3,678$3,173$2,730$2,343$1,487
15 years$3,925$3,360$2,865$2,435$2,063$1,259
16 years$3,642$3,083$2,598$2,180$1,823$1,069
17 years$3,392$2,839$2,364$1,959$1,617$910
18 years$3,170$2,623$2,158$1,765$1,437$777
19 years$2,972$2,431$1,975$1,595$1,281$664
20 years$2,794$2,259$1,813$1,445$1,144$568
21 years$2,633$2,104$1,667$1,311$1,024$487
22 years$2,487$1,964$1,537$1,192$918$418
23 years$2,353$1,837$1,419$1,086$824$359
24 years$2,231$1,721$1,312$990$741$308
25 years$2,119$1,615$1,215$904$666$265
26 years$2,016$1,518$1,127$827$600$228
27 years$1,921$1,429$1,047$757$541$196
28 years$1,832$1,346$973$693$488$169
29 years$1,750$1,270$906$636$441$146
30 years$1,673$1,200$843$584$398$126
31 years$1,602$1,134$786$536$360$108
32 years$1,535$1,073$734$493$326$93
33 years$1,472$1,016$685$453$295$81
34 years$1,413$963$640$417$267$69
35 years$1,358$913$598$384$242$60
36 years$1,306$867$560$353$219$52
37 years$1,256$823$524$326$199$45
38 years$1,210$783$491$300$180$39
39 years$1,166$744$460$277$163$33
40 years$1,124$708$431$255$148$29
41 years$1,084$674$404$235$134$25
42 years$1,047$642$379$217$122$21
43 years$1,011$612$356$201$111$18
44 years$977$583$334$185$100$16
45 years$944$556$313$171$91$14
46 years$913$530$294$158$83$12
47 years$884$506$277$146$75$10
48 years$855$483$260$135$68$9
49 years$828$461$244$125$62$8
50 years$803$441$230$115$56$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $822,000, adding $6,692 every year, while hoping to spend $42,029 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: 50/21/29 Blend
65$822,000$822,000$822,000$822,000
66$912,747$869,181$856,440$950,593
67$961,128$867,052$840,412$975,644
68$1,013,036$863,411$822,439$998,156
69$1,068,786$858,137$802,410$1,021,813
70$1,128,723$851,107$780,212$1,046,743
71$1,193,228$842,187$755,724$1,073,090
72$1,262,718$831,234$728,821$1,101,016
73$1,337,650$818,100$699,372$1,130,702
74$1,418,529$802,626$667,240$1,162,347
75$1,505,908$784,643$632,281$1,196,178
76$1,600,394$763,974$594,346$1,232,445
77$1,702,655$740,429$553,277$1,271,427
78$1,813,426$713,811$508,912$1,313,438
79$1,933,514$683,906$461,080$1,358,824
80$2,063,808$650,493$409,601$1,407,971
81$2,205,283$613,334$354,290$1,461,310
82$2,359,015$572,180$294,951$1,519,320
83$2,526,184$526,766$231,381$1,582,532
84$2,708,090$476,813$163,368$1,651,538
85$2,906,164$422,026$90,690$1,726,995
86$3,121,980$362,093$13,116$1,809,632
87$3,357,271$296,684$0$1,900,258
88$3,613,941$225,450$0$2,021,329
89$3,894,090$148,024$0$2,158,017
90$4,200,027$64,017$0$2,307,445
91$4,534,296$0$0$2,470,924
92$4,899,694$0$0$2,656,134
93$5,299,304$0$0$2,874,945
94$5,736,520$0$0$3,114,435
95$6,215,077$0$0$3,376,658
96$6,739,090$0$0$3,663,883
97$7,313,090$0$0$3,978,602
98$7,942,066$0$0$4,323,564
99$8,631,514$0$0$4,701,795
100$9,387,485$0$0$5,116,629