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%13.7%
1 years$68,293$67,685$67,091$66,512$65,946$64,934
2 years$33,808$33,179$32,568$31,977$31,403$30,386
3 years$22,315$21,683$21,074$20,488$19,923$18,932
4 years$16,569$15,939$15,336$14,760$14,209$13,253
5 years$13,123$12,496$11,902$11,337$10,802$9,882
6 years$10,826$10,204$9,618$9,067$8,547$7,665
7 years$9,186$8,570$7,993$7,454$6,951$6,108
8 years$7,957$7,346$6,779$6,253$5,767$4,961
9 years$7,001$6,396$5,838$5,326$4,856$4,089
10 years$6,237$5,638$5,090$4,591$4,138$3,407
11 years$5,612$5,019$4,481$3,996$3,559$2,865
12 years$5,092$4,505$3,977$3,505$3,084$2,425
13 years$4,652$4,071$3,553$3,094$2,689$2,065
14 years$4,275$3,700$3,193$2,747$2,357$1,767
15 years$3,949$3,380$2,882$2,450$2,076$1,518
16 years$3,664$3,101$2,613$2,193$1,834$1,308
17 years$3,413$2,856$2,378$1,971$1,627$1,130
18 years$3,189$2,639$2,171$1,776$1,446$979
19 years$2,990$2,446$1,987$1,605$1,289$850
20 years$2,811$2,273$1,824$1,453$1,151$739
21 years$2,649$2,117$1,678$1,319$1,030$644
22 years$2,502$1,976$1,546$1,199$924$561
23 years$2,368$1,848$1,428$1,092$829$490
24 years$2,245$1,732$1,320$996$745$428
25 years$2,132$1,625$1,223$910$671$374
26 years$2,028$1,527$1,134$832$604$327
27 years$1,932$1,438$1,053$761$545$287
28 years$1,843$1,355$979$698$491$251
29 years$1,760$1,278$911$640$444$220
30 years$1,683$1,207$849$587$401$193
31 years$1,611$1,141$791$539$362$169
32 years$1,544$1,079$738$496$328$149
33 years$1,481$1,022$689$456$297$130
34 years$1,422$969$644$419$269$115
35 years$1,366$919$602$386$243$101
36 years$1,313$872$563$355$220$88
37 years$1,264$828$527$328$200$78
38 years$1,217$787$494$302$181$68
39 years$1,173$749$463$278$164$60
40 years$1,131$712$434$257$149$53
41 years$1,091$678$406$237$135$46
42 years$1,053$646$381$219$123$41
43 years$1,017$615$358$202$111$36
44 years$983$586$336$186$101$31
45 years$950$559$315$172$92$28
46 years$919$533$296$159$83$24
47 years$889$509$278$147$76$21
48 years$861$486$261$136$69$19
49 years$833$464$246$125$62$17
50 years$807$443$231$116$57$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $827,000, adding $6,543 every year, while hoping to spend $41,594 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: 70/24/6 Blend
65$827,000$827,000$827,000$827,000
66$918,103$874,272$861,454$981,175
67$967,494$872,856$846,057$1,022,308
68$1,020,529$869,976$828,750$1,061,540
69$1,077,535$865,517$809,425$1,103,316
70$1,138,872$859,356$787,970$1,147,876
71$1,204,936$851,364$764,266$1,195,486
72$1,276,161$841,402$738,190$1,246,438
73$1,353,022$829,323$709,612$1,301,055
74$1,436,044$814,974$678,398$1,359,693
75$1,525,802$798,189$644,406$1,422,746
76$1,622,929$778,796$607,489$1,490,650
77$1,728,120$756,609$567,492$1,563,886
78$1,842,140$731,434$524,254$1,642,983
79$1,965,828$703,065$477,607$1,728,529
80$2,100,111$671,283$427,374$1,821,170
81$2,246,003$635,857$373,373$1,921,622
82$2,404,625$596,543$315,410$2,030,674
83$2,577,207$553,084$253,286$2,149,199
84$2,765,102$505,205$186,791$2,278,159
85$2,969,800$452,618$115,707$2,418,617
86$3,192,941$395,018$39,805$2,571,748
87$3,436,330$332,082$0$2,738,847
88$3,701,952$263,471$0$2,923,983
89$3,991,994$188,824$0$3,128,990
90$4,308,862$107,761$0$3,353,078
91$4,655,206$19,881$0$3,598,189
92$5,033,942$0$0$3,866,466
93$5,448,282$0$0$4,180,146
94$5,901,763$0$0$4,529,247
95$6,398,278$0$0$4,911,522
96$6,942,116$0$0$5,330,279
97$7,537,998$0$0$5,789,159
98$8,191,125$0$0$6,292,174
99$8,907,225$0$0$6,843,740
100$9,692,606$0$0$7,448,723