Can I retire at age 66 with 829,000?

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 $829,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$68,458$67,848$67,253$66,673$66,106$65,334
2 years$33,890$33,259$32,647$32,054$31,479$30,702
3 years$22,369$21,735$21,125$20,537$19,971$19,214
4 years$16,610$15,978$15,374$14,796$14,244$13,511
5 years$13,155$12,527$11,930$11,365$10,828$10,122
6 years$10,852$10,229$9,642$9,089$8,568$7,890
7 years$9,208$8,590$8,012$7,472$6,968$6,318
8 years$7,976$7,363$6,795$6,268$5,781$5,159
9 years$7,018$6,411$5,853$5,339$4,868$4,274
10 years$6,252$5,651$5,102$4,602$4,148$3,582
11 years$5,626$5,031$4,492$4,005$3,567$3,028
12 years$5,104$4,515$3,987$3,513$3,091$2,578
13 years$4,663$4,081$3,562$3,102$2,696$2,209
14 years$4,286$3,709$3,200$2,753$2,363$1,901
15 years$3,959$3,388$2,889$2,456$2,081$1,643
16 years$3,673$3,109$2,620$2,199$1,839$1,425
17 years$3,421$2,863$2,384$1,975$1,630$1,239
18 years$3,197$2,646$2,176$1,780$1,450$1,080
19 years$2,997$2,452$1,992$1,609$1,292$944
20 years$2,818$2,278$1,828$1,457$1,154$826
21 years$2,655$2,122$1,682$1,322$1,033$724
22 years$2,508$1,981$1,550$1,202$926$636
23 years$2,373$1,853$1,431$1,095$831$559
24 years$2,250$1,736$1,323$999$747$492
25 years$2,137$1,629$1,226$912$672$433
26 years$2,033$1,531$1,137$834$605$382
27 years$1,937$1,441$1,056$763$546$337
28 years$1,848$1,358$981$699$493$297
29 years$1,765$1,281$913$641$445$262
30 years$1,687$1,210$851$589$402$232
31 years$1,615$1,144$793$541$363$205
32 years$1,548$1,082$740$497$329$181
33 years$1,485$1,025$691$457$297$160
34 years$1,425$971$646$420$269$142
35 years$1,369$921$604$387$244$125
36 years$1,317$874$565$356$221$111
37 years$1,267$830$528$328$200$98
38 years$1,220$789$495$303$182$87
39 years$1,176$750$464$279$165$77
40 years$1,133$714$435$257$149$68
41 years$1,093$680$407$237$136$60
42 years$1,055$647$382$219$123$53
43 years$1,019$617$359$202$112$47
44 years$985$588$337$187$101$42
45 years$952$561$316$173$92$37
46 years$921$535$297$159$83$33
47 years$891$510$279$147$76$29
48 years$863$487$262$136$69$26
49 years$835$465$246$126$63$23
50 years$809$444$232$116$57$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $829,000, adding $3,812 every year, while hoping to spend $38,173 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: 66/23/11 Blend
65$829,000$829,000$829,000$829,000
66$917,490$873,553$860,704$975,597
67$970,458$875,741$848,921$1,016,975
68$1,027,550$876,758$835,465$1,057,320
69$1,089,145$876,504$820,238$1,100,435
70$1,155,662$874,876$803,140$1,146,590
71$1,227,559$871,765$784,065$1,196,078
72$1,305,341$867,053$762,903$1,249,227
73$1,389,563$860,616$739,537$1,306,397
74$1,480,835$852,322$713,848$1,367,987
75$1,579,827$842,033$685,708$1,434,434
76$1,687,276$829,599$654,987$1,506,227
77$1,803,994$814,865$621,544$1,583,901
78$1,930,873$797,665$585,237$1,668,048
79$2,068,893$777,822$545,914$1,759,323
80$2,219,135$755,150$503,417$1,858,449
81$2,382,788$729,453$457,582$1,966,223
82$2,561,158$700,522$408,237$2,083,528
83$2,755,684$668,136$355,201$2,211,335
84$2,967,950$632,061$298,287$2,350,719
85$3,199,701$592,051$237,299$2,502,868
86$3,452,853$547,845$172,032$2,669,089
87$3,729,521$499,166$102,272$2,850,830
88$4,032,031$445,723$27,796$3,049,686
89$4,362,942$387,208$0$3,267,418
90$4,725,075$323,294$0$3,512,039
91$5,121,534$253,637$0$3,783,504
92$5,555,739$177,874$0$4,080,946
93$6,031,456$95,621$0$4,407,011
94$6,552,829$6,472$0$4,764,618
95$7,124,427$0$0$5,156,983
96$7,751,279$0$0$5,610,436
97$8,438,925$0$0$6,109,717
98$9,193,467$0$0$6,657,626
99$10,021,626$0$0$7,259,050
100$10,930,806$0$0$7,919,374