Can I retire at age 66 with 823,000?

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 $823,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$67,963$67,357$66,767$66,190$65,627$65,296
2 years$33,645$33,018$32,411$31,822$31,251$30,917
3 years$22,207$21,578$20,972$20,389$19,827$19,500
4 years$16,489$15,862$15,262$14,689$14,141$13,823
5 years$13,060$12,436$11,844$11,283$10,750$10,443
6 years$10,774$10,155$9,572$9,023$8,506$8,210
7 years$9,142$8,528$7,954$7,418$6,917$6,633
8 years$7,918$7,310$6,746$6,223$5,739$5,466
9 years$6,967$6,365$5,810$5,300$4,833$4,571
10 years$6,207$5,610$5,065$4,569$4,118$3,867
11 years$5,585$4,994$4,460$3,976$3,541$3,302
12 years$5,067$4,483$3,958$3,488$3,069$2,840
13 years$4,629$4,051$3,536$3,079$2,676$2,458
14 years$4,255$3,682$3,177$2,733$2,346$2,138
15 years$3,930$3,364$2,868$2,438$2,066$1,868
16 years$3,646$3,086$2,601$2,183$1,826$1,637
17 years$3,396$2,842$2,367$1,961$1,619$1,440
18 years$3,174$2,626$2,160$1,767$1,439$1,270
19 years$2,976$2,434$1,978$1,597$1,283$1,122
20 years$2,797$2,262$1,815$1,446$1,146$994
21 years$2,636$2,107$1,669$1,313$1,025$882
22 years$2,490$1,967$1,539$1,194$919$783
23 years$2,356$1,839$1,421$1,087$825$697
24 years$2,234$1,723$1,314$991$742$621
25 years$2,122$1,617$1,217$905$667$554
26 years$2,018$1,520$1,129$828$601$494
27 years$1,923$1,431$1,048$758$542$441
28 years$1,834$1,348$974$694$489$394
29 years$1,752$1,272$907$637$442$353
30 years$1,675$1,201$845$584$399$316
31 years$1,604$1,135$787$537$361$283
32 years$1,537$1,074$735$493$326$253
33 years$1,474$1,017$686$454$295$227
34 years$1,415$964$641$417$267$203
35 years$1,359$915$599$384$242$182
36 years$1,307$868$560$354$219$164
37 years$1,258$824$525$326$199$147
38 years$1,211$783$491$300$180$132
39 years$1,167$745$460$277$163$118
40 years$1,125$709$431$256$148$106
41 years$1,085$675$405$236$135$95
42 years$1,048$643$379$218$122$86
43 years$1,012$612$356$201$111$77
44 years$978$584$334$185$101$69
45 years$945$557$314$171$91$62
46 years$914$531$295$158$83$56
47 years$885$507$277$146$75$50
48 years$856$484$260$135$68$45
49 years$829$462$245$125$62$40
50 years$804$441$230$115$56$36

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $823,000, adding $3,040 every year, while hoping to spend $22,634 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: 71/21/8 Blend
65$823,000$823,000$823,000$823,000
66$910,082$866,463$853,706$973,256
67$978,828$884,837$858,223$1,033,789
68$1,053,827$903,353$862,132$1,096,937
69$1,135,694$921,994$865,390$1,165,434
70$1,225,104$940,741$867,950$1,239,801
71$1,322,802$959,574$869,764$1,320,611
72$1,429,605$978,471$870,779$1,408,497
73$1,546,417$997,408$870,942$1,504,153
74$1,674,230$1,016,360$870,197$1,608,348
75$1,814,138$1,035,297$868,484$1,721,925
76$1,967,343$1,054,191$865,742$1,845,815
77$2,135,173$1,073,007$861,905$1,981,041
78$2,319,087$1,091,711$856,906$2,128,735
79$2,520,694$1,110,264$850,671$2,290,138
80$2,741,763$1,128,625$843,128$2,466,623
81$2,984,246$1,146,752$834,196$2,659,698
82$3,250,292$1,164,595$823,794$2,871,028
83$3,542,266$1,182,104$811,835$3,102,446
84$3,862,776$1,199,226$798,230$3,355,972
85$4,214,692$1,215,901$782,884$3,633,833
86$4,601,178$1,232,068$765,698$3,938,481
87$5,025,718$1,247,659$746,569$4,272,619
88$5,492,151$1,262,604$725,389$4,639,227
89$6,004,705$1,276,826$702,044$5,041,586
90$6,568,038$1,290,244$676,416$5,483,315
91$7,187,284$1,302,771$648,381$5,968,399
92$7,868,095$1,314,316$617,810$6,501,231
93$8,616,702$1,324,778$584,568$7,086,653
94$9,439,968$1,334,055$548,514$7,730,001
95$10,345,455$1,342,033$509,499$8,437,153
96$11,341,493$1,348,595$467,369$9,214,590
97$12,437,262$1,353,613$421,963$10,069,452
98$13,642,877$1,356,954$373,112$11,009,610
99$14,969,480$1,358,474$320,641$12,043,737
100$16,429,350$1,358,023$264,366$13,181,391