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%16.1%
1 years$68,128$67,521$66,929$66,351$65,787$64,144
2 years$33,727$33,098$32,490$31,899$31,327$29,683
3 years$22,261$21,630$21,023$20,438$19,875$18,280
4 years$16,529$15,900$15,299$14,725$14,175$12,642
5 years$13,091$12,466$11,873$11,310$10,776$9,309
6 years$10,800$10,180$9,595$9,045$8,526$7,127
7 years$9,164$8,549$7,974$7,436$6,934$5,603
8 years$7,938$7,328$6,762$6,238$5,753$4,488
9 years$6,984$6,380$5,824$5,313$4,845$3,646
10 years$6,222$5,624$5,078$4,580$4,128$2,994
11 years$5,599$5,007$4,470$3,986$3,550$2,479
12 years$5,080$4,494$3,967$3,496$3,076$2,066
13 years$4,641$4,061$3,545$3,087$2,683$1,732
14 years$4,265$3,691$3,185$2,740$2,352$1,458
15 years$3,940$3,372$2,875$2,444$2,071$1,231
16 years$3,655$3,094$2,607$2,188$1,830$1,043
17 years$3,404$2,849$2,372$1,966$1,623$886
18 years$3,182$2,633$2,166$1,772$1,443$754
19 years$2,983$2,440$1,982$1,601$1,286$643
20 years$2,804$2,267$1,819$1,450$1,149$549
21 years$2,642$2,112$1,674$1,316$1,028$470
22 years$2,496$1,972$1,542$1,196$921$402
23 years$2,362$1,844$1,424$1,090$827$344
24 years$2,239$1,728$1,317$994$743$295
25 years$2,127$1,621$1,220$908$669$253
26 years$2,023$1,524$1,131$830$603$217
27 years$1,928$1,434$1,051$760$543$187
28 years$1,839$1,351$977$696$490$160
29 years$1,756$1,275$909$638$443$138
30 years$1,679$1,204$847$586$400$119
31 years$1,608$1,138$789$538$362$102
32 years$1,540$1,077$736$494$327$88
33 years$1,477$1,020$688$455$296$75
34 years$1,418$967$642$418$268$65
35 years$1,363$917$601$385$243$56
36 years$1,310$870$562$355$220$48
37 years$1,261$826$526$327$199$41
38 years$1,214$785$492$301$181$36
39 years$1,170$747$461$278$164$31
40 years$1,128$711$432$256$149$26
41 years$1,088$676$406$236$135$23
42 years$1,050$644$380$218$122$20
43 years$1,014$614$357$201$111$17
44 years$980$585$335$186$101$15
45 years$948$558$315$172$92$13
46 years$917$532$295$159$83$11
47 years$887$508$278$147$75$9
48 years$859$485$261$135$69$8
49 years$831$463$245$125$62$7
50 years$805$442$231$116$57$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $825,000, adding $3,287 every year, while hoping to spend $36,958 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: 56/29/15 Blend
65$825,000$825,000$825,000$825,000
66$912,541$868,816$856,028$959,896
67$966,297$872,064$845,382$995,670
68$1,024,297$874,234$833,141$1,030,320
69$1,086,936$875,232$819,211$1,067,217
70$1,154,646$874,961$803,498$1,106,585
71$1,227,903$873,317$785,898$1,148,669
72$1,307,230$870,191$766,306$1,193,742
73$1,393,202$865,465$744,612$1,242,106
74$1,486,452$859,015$720,699$1,294,097
75$1,587,673$850,710$694,446$1,350,084
76$1,697,632$840,411$665,726$1,410,477
77$1,817,169$827,969$634,406$1,475,731
78$1,947,209$813,229$600,348$1,546,346
79$2,088,772$796,025$563,407$1,622,880
80$2,242,976$776,180$523,431$1,705,946
81$2,411,056$753,509$480,262$1,796,223
82$2,594,368$727,815$433,735$1,894,466
83$2,794,405$698,889$383,677$2,001,503
84$3,012,811$666,512$329,907$2,118,256
85$3,251,396$630,449$272,237$2,245,741
86$3,512,152$590,455$210,471$2,385,083
87$3,797,273$546,268$144,402$2,537,522
88$4,109,172$497,613$73,817$2,704,433
89$4,450,509$444,197$0$2,887,334
90$4,824,212$385,714$0$3,088,143
91$5,233,505$321,837$0$3,321,095
92$5,681,939$252,223$0$3,576,450
93$6,173,422$176,508$0$3,856,509
94$6,712,263$94,309$0$4,163,815
95$7,303,204$5,220$0$4,501,169
96$7,951,469$0$0$4,871,667
97$8,662,813$0$0$5,307,819
98$9,443,572$0$0$5,788,439
99$10,300,730$0$0$6,316,168
100$11,241,975$0$0$6,895,750