Can I retire at age 66 with 827,000?

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 $827,000?

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$68,293$67,685$67,091$66,512$65,946$65,613
2 years$33,808$33,179$32,568$31,977$31,403$31,067
3 years$22,315$21,683$21,074$20,488$19,923$19,595
4 years$16,569$15,939$15,336$14,760$14,209$13,891
5 years$13,123$12,496$11,902$11,337$10,802$10,494
6 years$10,826$10,204$9,618$9,067$8,547$8,250
7 years$9,186$8,570$7,993$7,454$6,951$6,666
8 years$7,957$7,346$6,779$6,253$5,767$5,492
9 years$7,001$6,396$5,838$5,326$4,856$4,593
10 years$6,237$5,638$5,090$4,591$4,138$3,886
11 years$5,612$5,019$4,481$3,996$3,559$3,318
12 years$5,092$4,505$3,977$3,505$3,084$2,854
13 years$4,652$4,071$3,553$3,094$2,689$2,470
14 years$4,275$3,700$3,193$2,747$2,357$2,148
15 years$3,949$3,380$2,882$2,450$2,076$1,877
16 years$3,664$3,101$2,613$2,193$1,834$1,645
17 years$3,413$2,856$2,378$1,971$1,627$1,447
18 years$3,189$2,639$2,171$1,776$1,446$1,276
19 years$2,990$2,446$1,987$1,605$1,289$1,128
20 years$2,811$2,273$1,824$1,453$1,151$999
21 years$2,649$2,117$1,678$1,319$1,030$886
22 years$2,502$1,976$1,546$1,199$924$787
23 years$2,368$1,848$1,428$1,092$829$700
24 years$2,245$1,732$1,320$996$745$624
25 years$2,132$1,625$1,223$910$671$556
26 years$2,028$1,527$1,134$832$604$496
27 years$1,932$1,438$1,053$761$545$443
28 years$1,843$1,355$979$698$491$396
29 years$1,760$1,278$911$640$444$355
30 years$1,683$1,207$849$587$401$317
31 years$1,611$1,141$791$539$362$284
32 years$1,544$1,079$738$496$328$254
33 years$1,481$1,022$689$456$297$228
34 years$1,422$969$644$419$269$204
35 years$1,366$919$602$386$243$183
36 years$1,313$872$563$355$220$164
37 years$1,264$828$527$328$200$148
38 years$1,217$787$494$302$181$132
39 years$1,173$749$463$278$164$119
40 years$1,131$712$434$257$149$107
41 years$1,091$678$406$237$135$96
42 years$1,053$646$381$219$123$86
43 years$1,017$615$358$202$111$77
44 years$983$586$336$186$101$69
45 years$950$559$315$172$92$62
46 years$919$533$296$159$83$56
47 years$889$509$278$147$76$50
48 years$861$486$261$136$69$45
49 years$833$464$246$125$62$41
50 years$807$443$231$116$57$37

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $827,000, adding $2,818 every year, while hoping to spend $29,973 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: 51/33/16 Blend
65$827,000$827,000$827,000$827,000
66$914,261$870,430$857,611$956,750
67$975,624$881,190$854,450$996,999
68$1,042,242$891,472$850,179$1,037,367
69$1,114,619$901,223$844,728$1,080,595
70$1,193,310$910,382$838,026$1,126,961
71$1,278,924$918,888$829,996$1,176,776
72$1,372,134$926,673$820,561$1,230,380
73$1,473,678$933,666$809,636$1,288,151
74$1,584,370$939,792$797,135$1,350,504
75$1,705,104$944,970$782,968$1,417,900
76$1,836,865$949,115$767,038$1,490,848
77$1,980,738$952,134$749,246$1,569,909
78$2,137,917$953,932$729,489$1,655,702
79$2,309,714$954,404$707,657$1,748,913
80$2,497,578$953,443$683,636$1,850,298
81$2,703,100$950,930$657,307$1,960,693
82$2,928,034$946,744$628,545$2,081,019
83$3,174,312$940,754$597,220$2,212,297
84$3,444,061$932,819$563,196$2,355,649
85$3,739,622$922,794$526,329$2,512,319
86$4,063,574$910,522$486,472$2,683,677
87$4,418,759$895,838$443,469$2,871,237
88$4,808,305$878,566$397,158$3,076,669
89$5,235,657$858,521$347,368$3,301,820
90$5,704,612$835,507$293,923$3,548,723
91$6,219,350$809,314$236,637$3,819,628
92$6,784,477$779,724$175,318$4,117,013
93$7,405,066$746,503$109,763$4,443,616
94$8,086,705$709,403$39,762$4,802,458
95$8,835,550$668,165$0$5,196,872
96$9,658,383$622,512$0$5,636,502
97$10,562,676$572,153$0$6,127,073
98$11,556,659$516,779$0$6,666,309
99$12,649,402$456,065$0$7,259,194
100$13,850,894$389,665$0$7,911,222