Can I retire at age 66 with 822,000?

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 $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%11%
1 years$67,880$67,275$66,685$66,110$65,547$65,271
2 years$33,604$32,978$32,372$31,783$31,213$30,934
3 years$22,180$21,552$20,947$20,364$19,803$19,530
4 years$16,469$15,843$15,244$14,671$14,124$13,859
5 years$13,044$12,421$11,830$11,269$10,737$10,481
6 years$10,761$10,143$9,560$9,012$8,495$8,249
7 years$9,131$8,518$7,945$7,409$6,909$6,672
8 years$7,909$7,301$6,738$6,215$5,732$5,504
9 years$6,959$6,357$5,803$5,294$4,827$4,608
10 years$6,199$5,603$5,059$4,564$4,113$3,903
11 years$5,578$4,988$4,454$3,972$3,537$3,337
12 years$5,061$4,477$3,953$3,484$3,065$2,874
13 years$4,624$4,046$3,532$3,076$2,673$2,490
14 years$4,249$3,678$3,173$2,730$2,343$2,169
15 years$3,925$3,360$2,865$2,435$2,063$1,897
16 years$3,642$3,083$2,598$2,180$1,823$1,666
17 years$3,392$2,839$2,364$1,959$1,617$1,467
18 years$3,170$2,623$2,158$1,765$1,437$1,295
19 years$2,972$2,431$1,975$1,595$1,281$1,146
20 years$2,794$2,259$1,813$1,445$1,144$1,017
21 years$2,633$2,104$1,667$1,311$1,024$903
22 years$2,487$1,964$1,537$1,192$918$804
23 years$2,353$1,837$1,419$1,086$824$716
24 years$2,231$1,721$1,312$990$741$639
25 years$2,119$1,615$1,215$904$666$570
26 years$2,016$1,518$1,127$827$600$510
27 years$1,921$1,429$1,047$757$541$456
28 years$1,832$1,346$973$693$488$408
29 years$1,750$1,270$906$636$441$366
30 years$1,673$1,200$843$584$398$328
31 years$1,602$1,134$786$536$360$294
32 years$1,535$1,073$734$493$326$264
33 years$1,472$1,016$685$453$295$237
34 years$1,413$963$640$417$267$213
35 years$1,358$913$598$384$242$191
36 years$1,306$867$560$353$219$172
37 years$1,256$823$524$326$199$154
38 years$1,210$783$491$300$180$139
39 years$1,166$744$460$277$163$125
40 years$1,124$708$431$255$148$112
41 years$1,084$674$404$235$134$101
42 years$1,047$642$379$217$122$91
43 years$1,011$612$356$201$111$82
44 years$977$583$334$185$100$74
45 years$944$556$313$171$91$66
46 years$913$530$294$158$83$60
47 years$884$506$277$146$75$54
48 years$855$483$260$135$68$48
49 years$828$461$244$125$62$43
50 years$803$441$230$115$56$39

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $822,000, adding $4,629 every year, while hoping to spend $41,219 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: 44/44/12 Blend
65$822,000$822,000$822,000$822,000
66$910,619$867,053$854,312$947,353
67$959,645$865,682$839,075$972,029
68$1,012,291$862,862$821,945$994,227
69$1,068,881$858,479$802,817$1,017,372
70$1,129,774$852,411$781,579$1,041,567
71$1,195,362$844,530$758,112$1,066,928
72$1,266,076$834,699$732,296$1,093,586
73$1,342,389$822,773$704,001$1,121,689
74$1,424,822$808,598$673,095$1,151,401
75$1,513,947$792,013$639,437$1,182,907
76$1,610,392$772,844$602,880$1,216,415
77$1,714,848$750,909$563,273$1,252,156
78$1,828,075$726,016$520,455$1,290,391
79$1,950,908$697,961$474,260$1,331,408
80$2,084,266$666,526$424,512$1,375,533
81$2,229,158$631,483$371,031$1,423,127
82$2,386,697$592,590$313,625$1,474,594
83$2,558,106$549,592$252,097$1,530,385
84$2,744,728$502,218$186,238$1,591,000
85$2,948,046$450,182$115,832$1,657,000
86$3,169,688$393,182$40,654$1,729,007
87$3,411,446$330,898$0$1,807,715
88$3,675,296$262,994$0$1,898,960
89$3,963,408$189,113$0$2,004,417
90$4,278,174$108,879$0$2,119,862
91$4,622,228$21,893$0$2,246,386
92$4,998,467$0$0$2,385,203
93$5,410,082$0$0$2,572,641
94$5,860,588$0$0$2,789,489
95$6,353,854$0$0$3,027,020
96$6,894,141$0$0$3,287,298
97$7,486,141$0$0$3,572,598
98$8,135,023$0$0$3,885,423
99$8,846,477$0$0$4,228,532
100$9,626,773$0$0$4,604,962