Can I retire at age 66 with 825,000?

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 $825,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.8%
1 years$68,128$67,521$66,929$66,351$65,787$63,201
2 years$33,727$33,098$32,490$31,899$31,327$28,754
3 years$22,261$21,630$21,023$20,438$19,875$17,396
4 years$16,529$15,900$15,299$14,725$14,175$11,808
5 years$13,091$12,466$11,873$11,310$10,776$8,526
6 years$10,800$10,180$9,595$9,045$8,526$6,397
7 years$9,164$8,549$7,974$7,436$6,934$4,924
8 years$7,938$7,328$6,762$6,238$5,753$3,859
9 years$6,984$6,380$5,824$5,313$4,845$3,065
10 years$6,222$5,624$5,078$4,580$4,128$2,459
11 years$5,599$5,007$4,470$3,986$3,550$1,988
12 years$5,080$4,494$3,967$3,496$3,076$1,617
13 years$4,641$4,061$3,545$3,087$2,683$1,321
14 years$4,265$3,691$3,185$2,740$2,352$1,084
15 years$3,940$3,372$2,875$2,444$2,071$892
16 years$3,655$3,094$2,607$2,188$1,830$736
17 years$3,404$2,849$2,372$1,966$1,623$608
18 years$3,182$2,633$2,166$1,772$1,443$504
19 years$2,983$2,440$1,982$1,601$1,286$418
20 years$2,804$2,267$1,819$1,450$1,149$347
21 years$2,642$2,112$1,674$1,316$1,028$288
22 years$2,496$1,972$1,542$1,196$921$240
23 years$2,362$1,844$1,424$1,090$827$199
24 years$2,239$1,728$1,317$994$743$166
25 years$2,127$1,621$1,220$908$669$138
26 years$2,023$1,524$1,131$830$603$115
27 years$1,928$1,434$1,051$760$543$96
28 years$1,839$1,351$977$696$490$80
29 years$1,756$1,275$909$638$443$67
30 years$1,679$1,204$847$586$400$56
31 years$1,608$1,138$789$538$362$46
32 years$1,540$1,077$736$494$327$39
33 years$1,477$1,020$688$455$296$32
34 years$1,418$967$642$418$268$27
35 years$1,363$917$601$385$243$23
36 years$1,310$870$562$355$220$19
37 years$1,261$826$526$327$199$16
38 years$1,214$785$492$301$181$13
39 years$1,170$747$461$278$164$11
40 years$1,128$711$432$256$149$9
41 years$1,088$676$406$236$135$8
42 years$1,050$644$380$218$122$6
43 years$1,014$614$357$201$111$5
44 years$980$585$335$186$101$4
45 years$948$558$315$172$92$4
46 years$917$532$295$159$83$3
47 years$887$508$278$147$75$3
48 years$859$485$261$135$69$2
49 years$831$463$245$125$62$2
50 years$805$442$231$116$57$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $825,000, adding $2,001 every year, while hoping to spend $36,235 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: 81/13/6 Blend
65$825,000$825,000$825,000$825,000
66$911,214$867,489$854,702$984,480
67$965,604$871,442$844,780$1,036,649
68$1,024,328$874,375$833,312$1,088,866
69$1,087,788$876,198$820,207$1,145,062
70$1,156,429$876,819$805,371$1,205,615
71$1,230,739$876,137$788,705$1,270,941
72$1,311,254$874,047$770,106$1,341,496
73$1,398,563$870,436$749,466$1,417,787
74$1,493,314$865,186$726,671$1,500,368
75$1,596,222$858,169$701,604$1,589,851
76$1,708,069$849,253$674,140$1,686,911
77$1,829,720$838,293$644,152$1,792,291
78$1,962,123$825,141$611,502$1,906,809
79$2,106,323$809,636$576,051$2,031,367
80$2,263,469$791,610$537,650$2,166,959
81$2,434,826$770,882$496,145$2,314,682
82$2,621,787$747,265$451,374$2,475,741
83$2,825,885$720,556$403,170$2,651,467
84$3,048,805$690,543$351,357$2,843,326
85$3,292,406$657,003$295,750$3,052,934
86$3,558,732$619,696$236,158$3,282,072
87$3,850,034$578,372$172,381$3,532,703
88$4,168,791$532,766$104,209$3,806,990
89$4,517,731$482,595$31,423$4,107,318
90$4,899,860$427,563$0$4,436,315
91$5,318,489$367,356$0$4,799,839
92$5,777,261$301,643$0$5,200,460
93$6,280,190$230,072$0$5,639,702
94$6,831,699$152,275$0$6,121,459
95$7,436,656$67,860$0$6,650,025
96$8,100,424$0$0$7,230,131
97$8,828,911$0$0$7,870,365
98$9,628,624$0$0$8,583,875
99$10,506,732$0$0$9,367,351
100$11,471,131$0$0$10,227,840