Can I retire at age 66 with 830,000?

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 $830,000?

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$68,541$67,930$67,334$66,753$66,185$64,876
2 years$33,931$33,299$32,687$32,093$31,517$30,203
3 years$22,396$21,761$21,150$20,562$19,996$18,718
4 years$16,630$15,997$15,392$14,814$14,261$13,030
5 years$13,171$12,542$11,945$11,378$10,841$9,660
6 years$10,865$10,241$9,653$9,099$8,578$7,449
7 years$9,220$8,601$8,022$7,481$6,976$5,898
8 years$7,986$7,372$6,803$6,276$5,788$4,761
9 years$7,026$6,419$5,860$5,346$4,874$3,898
10 years$6,260$5,658$5,109$4,608$4,153$3,227
11 years$5,633$5,037$4,497$4,010$3,572$2,694
12 years$5,110$4,521$3,991$3,518$3,095$2,265
13 years$4,669$4,086$3,566$3,105$2,699$1,915
14 years$4,291$3,714$3,204$2,757$2,366$1,626
15 years$3,963$3,393$2,893$2,458$2,083$1,386
16 years$3,677$3,113$2,623$2,201$1,841$1,185
17 years$3,425$2,867$2,387$1,978$1,632$1,016
18 years$3,201$2,649$2,179$1,782$1,451$873
19 years$3,001$2,455$1,995$1,611$1,294$752
20 years$2,821$2,281$1,830$1,459$1,156$648
21 years$2,658$2,125$1,684$1,324$1,034$560
22 years$2,511$1,983$1,552$1,204$927$484
23 years$2,376$1,855$1,433$1,096$832$419
24 years$2,253$1,738$1,325$1,000$748$363
25 years$2,140$1,631$1,227$913$673$315
26 years$2,036$1,533$1,138$835$606$273
27 years$1,939$1,443$1,057$764$547$237
28 years$1,850$1,359$983$700$493$206
29 years$1,767$1,283$914$642$445$179
30 years$1,690$1,211$852$589$402$155
31 years$1,617$1,145$794$541$364$135
32 years$1,550$1,083$741$497$329$117
33 years$1,486$1,026$692$457$298$102
34 years$1,427$972$646$421$270$89
35 years$1,371$922$604$387$244$77
36 years$1,318$875$565$357$221$67
37 years$1,268$831$529$329$201$58
38 years$1,221$790$495$303$182$51
39 years$1,177$751$464$279$165$44
40 years$1,135$715$435$258$150$39
41 years$1,095$680$408$238$136$34
42 years$1,057$648$383$219$123$29
43 years$1,021$617$359$203$112$25
44 years$986$589$337$187$101$22
45 years$953$561$317$173$92$19
46 years$922$535$297$160$84$17
47 years$892$511$279$147$76$15
48 years$864$488$262$136$69$13
49 years$836$466$247$126$63$11
50 years$810$445$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 $830,000, adding $2,922 every year, while hoping to spend $53,628 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: 30/42/28 Blend
65$830,000$830,000$830,000$830,000
66$917,674$873,684$860,819$937,232
67$954,217$859,435$832,597$938,506
68$992,690$842,690$801,632$934,996
69$1,033,233$823,271$767,775$930,159
70$1,075,999$800,987$730,872$923,917
71$1,121,155$775,639$690,760$916,189
72$1,168,882$747,015$647,269$906,894
73$1,219,378$714,889$600,223$895,947
74$1,272,860$679,023$549,436$883,261
75$1,329,564$639,167$494,714$868,747
76$1,389,747$595,055$435,855$852,316
77$1,453,694$546,405$372,649$833,875
78$1,521,712$492,920$304,874$813,334
79$1,594,140$434,287$232,300$790,597
80$1,671,348$370,172$154,688$765,573
81$1,753,741$300,226$71,785$738,168
82$1,841,763$224,078$0$708,290
83$1,935,902$141,337$0$680,834
84$2,036,691$51,589$0$673,938
85$2,144,714$0$0$666,134
86$2,260,615$0$0$678,505
87$2,385,098$0$0$717,490
88$2,518,936$0$0$759,500
89$2,662,979$0$0$804,813
90$2,818,157$0$0$853,734
91$2,985,496$0$0$906,601
92$3,166,119$0$0$963,782
93$3,361,263$0$0$1,025,685
94$3,572,287$0$0$1,092,754
95$3,800,682$0$0$1,165,482
96$4,048,090$0$0$1,244,408
97$4,316,316$0$0$1,330,126
98$4,607,343$0$0$1,423,289
99$4,923,355$0$0$1,524,615
100$5,266,750$0$0$1,634,896