Can I retire at age 66 with 829,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%14.8%
1 years$68,458$67,848$67,253$66,673$66,106$64,797
2 years$33,890$33,259$32,647$32,054$31,479$30,166
3 years$22,369$21,735$21,125$20,537$19,971$18,696
4 years$16,610$15,978$15,374$14,796$14,244$13,015
5 years$13,155$12,527$11,930$11,365$10,828$9,649
6 years$10,852$10,229$9,642$9,089$8,568$7,440
7 years$9,208$8,590$8,012$7,472$6,968$5,891
8 years$7,976$7,363$6,795$6,268$5,781$4,755
9 years$7,018$6,411$5,853$5,339$4,868$3,893
10 years$6,252$5,651$5,102$4,602$4,148$3,223
11 years$5,626$5,031$4,492$4,005$3,567$2,691
12 years$5,104$4,515$3,987$3,513$3,091$2,262
13 years$4,663$4,081$3,562$3,102$2,696$1,912
14 years$4,286$3,709$3,200$2,753$2,363$1,624
15 years$3,959$3,388$2,889$2,456$2,081$1,384
16 years$3,673$3,109$2,620$2,199$1,839$1,184
17 years$3,421$2,863$2,384$1,975$1,630$1,015
18 years$3,197$2,646$2,176$1,780$1,450$872
19 years$2,997$2,452$1,992$1,609$1,292$751
20 years$2,818$2,278$1,828$1,457$1,154$648
21 years$2,655$2,122$1,682$1,322$1,033$559
22 years$2,508$1,981$1,550$1,202$926$484
23 years$2,373$1,853$1,431$1,095$831$419
24 years$2,250$1,736$1,323$999$747$363
25 years$2,137$1,629$1,226$912$672$314
26 years$2,033$1,531$1,137$834$605$273
27 years$1,937$1,441$1,056$763$546$237
28 years$1,848$1,358$981$699$493$205
29 years$1,765$1,281$913$641$445$178
30 years$1,687$1,210$851$589$402$155
31 years$1,615$1,144$793$541$363$135
32 years$1,548$1,082$740$497$329$117
33 years$1,485$1,025$691$457$297$102
34 years$1,425$971$646$420$269$89
35 years$1,369$921$604$387$244$77
36 years$1,317$874$565$356$221$67
37 years$1,267$830$528$328$200$58
38 years$1,220$789$495$303$182$51
39 years$1,176$750$464$279$165$44
40 years$1,133$714$435$257$149$39
41 years$1,093$680$407$237$136$34
42 years$1,055$647$382$219$123$29
43 years$1,019$617$359$202$112$25
44 years$985$588$337$187$101$22
45 years$952$561$316$173$92$19
46 years$921$535$297$159$83$17
47 years$891$510$279$147$76$15
48 years$863$487$262$136$69$13
49 years$835$465$246$126$63$11
50 years$809$444$232$116$57$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $829,000, adding $5,443 every year, while hoping to spend $44,034 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: 66/21/13 Blend
65$829,000$829,000$829,000$829,000
66$919,172$875,235$862,386$976,744
67$966,076$871,270$844,424$1,011,871
68$1,016,288$865,635$824,385$1,044,579
69$1,070,100$858,201$802,151$1,079,217
70$1,127,830$848,832$777,603$1,115,972
71$1,189,828$837,385$750,613$1,155,050
72$1,256,480$823,706$721,048$1,196,678
73$1,328,207$807,634$688,769$1,241,110
74$1,405,472$788,996$653,631$1,288,626
75$1,488,785$767,611$615,482$1,339,535
76$1,578,704$743,287$574,163$1,394,180
77$1,675,844$715,820$529,510$1,452,942
78$1,780,879$684,995$481,348$1,516,240
79$1,894,553$650,584$429,497$1,584,540
80$2,017,680$612,345$373,768$1,658,357
81$2,151,157$570,023$313,963$1,738,260
82$2,295,970$523,350$249,876$1,824,881
83$2,453,204$472,040$181,292$1,918,915
84$2,624,053$415,791$107,987$2,021,135
85$2,809,827$354,286$29,725$2,132,394
86$3,011,971$287,188$0$2,253,634
87$3,232,074$214,141$0$2,393,361
88$3,471,882$134,771$0$2,550,150
89$3,733,321$48,681$0$2,721,186
90$4,018,506$0$0$2,907,917
91$4,329,768$0$0$3,122,234
92$4,669,673$0$0$3,368,606
93$5,041,043$0$0$3,637,837
94$5,446,987$0$0$3,932,187
95$5,890,928$0$0$4,254,145
96$6,376,634$0$0$4,606,449
97$6,908,254$0$0$4,992,118
98$7,490,358$0$0$5,414,473
99$8,127,975$0$0$5,877,173
100$8,826,649$0$0$6,384,246