Can I retire at age 66 with 824,000?

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 $824,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$68,045$67,439$66,848$66,271$65,707$65,102
2 years$33,686$33,058$32,450$31,861$31,289$30,680
3 years$22,234$21,604$20,998$20,414$19,851$19,256
4 years$16,509$15,881$15,281$14,707$14,158$13,582
5 years$13,075$12,451$11,859$11,296$10,763$10,207
6 years$10,787$10,167$9,583$9,034$8,516$7,982
7 years$9,153$8,538$7,964$7,427$6,926$6,413
8 years$7,928$7,319$6,754$6,230$5,746$5,254
9 years$6,976$6,373$5,817$5,307$4,839$4,369
10 years$6,214$5,617$5,072$4,575$4,123$3,674
11 years$5,592$5,001$4,465$3,981$3,546$3,118
12 years$5,073$4,488$3,963$3,492$3,073$2,665
13 years$4,635$4,056$3,540$3,083$2,679$2,292
14 years$4,260$3,687$3,181$2,737$2,349$1,980
15 years$3,935$3,368$2,872$2,441$2,068$1,718
16 years$3,651$3,090$2,604$2,185$1,828$1,496
17 years$3,400$2,846$2,369$1,964$1,621$1,307
18 years$3,178$2,630$2,163$1,770$1,441$1,144
19 years$2,979$2,437$1,980$1,599$1,284$1,004
20 years$2,801$2,265$1,817$1,448$1,147$883
21 years$2,639$2,110$1,671$1,314$1,027$777
22 years$2,493$1,969$1,541$1,195$920$686
23 years$2,359$1,842$1,422$1,088$826$605
24 years$2,237$1,726$1,315$993$742$535
25 years$2,124$1,619$1,218$906$668$473
26 years$2,021$1,522$1,130$829$602$419
27 years$1,925$1,432$1,049$759$543$372
28 years$1,837$1,350$975$695$490$329
29 years$1,754$1,273$908$637$442$292
30 years$1,677$1,202$846$585$399$259
31 years$1,606$1,137$788$537$361$230
32 years$1,539$1,076$735$494$327$205
33 years$1,476$1,019$687$454$296$182
34 years$1,417$965$642$418$268$162
35 years$1,361$916$600$385$242$144
36 years$1,309$869$561$354$220$128
37 years$1,259$825$525$326$199$114
38 years$1,213$784$492$301$180$101
39 years$1,168$746$461$277$164$90
40 years$1,127$710$432$256$148$80
41 years$1,087$676$405$236$135$71
42 years$1,049$643$380$218$122$64
43 years$1,013$613$357$201$111$57
44 years$979$584$335$186$101$50
45 years$946$557$314$171$91$45
46 years$915$532$295$158$83$40
47 years$886$507$277$146$75$36
48 years$857$484$261$135$68$32
49 years$830$462$245$125$62$28
50 years$805$442$230$116$56$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $824,000, adding $2,284 every year, while hoping to spend $26,781 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: 78/15/7 Blend
65$824,000$824,000$824,000$824,000
66$910,404$866,732$853,960$980,497
67$974,770$880,707$854,073$1,040,784
68$1,044,805$894,469$853,292$1,103,172
69$1,121,056$907,980$851,559$1,170,798
70$1,204,131$921,198$848,813$1,244,172
71$1,294,694$934,078$844,990$1,323,854
72$1,393,478$946,574$840,022$1,410,463
73$1,501,290$958,633$833,841$1,504,678
74$1,619,018$970,202$826,370$1,607,248
75$1,747,639$981,223$817,535$1,719,000
76$1,888,229$991,634$807,253$1,840,842
77$2,041,972$1,001,368$795,440$1,973,777
78$2,210,173$1,010,355$782,007$2,118,908
79$2,394,269$1,018,520$766,862$2,277,450
80$2,595,839$1,025,783$749,907$2,450,745
81$2,816,627$1,032,058$731,041$2,640,268
82$3,058,549$1,037,255$710,157$2,847,645
83$3,323,718$1,041,278$687,145$3,074,669
84$3,614,461$1,044,023$661,887$3,323,316
85$3,933,338$1,045,382$634,262$3,595,761
86$4,283,171$1,045,239$604,143$3,894,403
87$4,667,070$1,043,472$571,397$4,221,884
88$5,088,458$1,039,948$535,886$4,581,117
89$5,551,105$1,034,530$497,463$4,975,312
90$6,059,167$1,027,071$455,976$5,408,005
91$6,617,219$1,017,415$411,269$5,883,094
92$7,230,303$1,005,396$363,174$6,404,875
93$7,903,973$990,839$311,519$6,978,081
94$8,644,347$973,558$256,123$7,607,929
95$9,458,165$953,358$196,798$8,300,169
96$10,352,853$930,028$133,347$9,061,137
97$11,336,593$903,348$65,563$9,897,816
98$12,418,399$873,086$0$10,817,902
99$13,608,202$838,993$0$11,830,381
100$14,916,942$800,808$0$12,949,355