Can I retire at age 66 with 831,000?

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 $831,000?

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$68,623$68,012$67,416$66,833$66,265$65,491
2 years$33,972$33,339$32,726$32,131$31,555$30,776
3 years$22,423$21,788$21,176$20,587$20,020$19,260
4 years$16,650$16,016$15,411$14,832$14,278$13,543
5 years$13,187$12,557$11,959$11,392$10,854$10,146
6 years$10,879$10,254$9,665$9,110$8,588$7,909
7 years$9,231$8,611$8,032$7,490$6,985$6,333
8 years$7,995$7,381$6,811$6,283$5,794$5,171
9 years$7,035$6,427$5,867$5,352$4,880$4,285
10 years$6,267$5,665$5,115$4,613$4,158$3,590
11 years$5,639$5,043$4,503$4,015$3,576$3,035
12 years$5,117$4,526$3,996$3,522$3,099$2,585
13 years$4,674$4,090$3,570$3,109$2,702$2,214
14 years$4,296$3,718$3,208$2,760$2,369$1,906
15 years$3,968$3,397$2,896$2,461$2,086$1,647
16 years$3,682$3,116$2,626$2,204$1,843$1,428
17 years$3,429$2,870$2,390$1,980$1,634$1,242
18 years$3,205$2,652$2,181$1,785$1,453$1,083
19 years$3,004$2,458$1,997$1,613$1,295$946
20 years$2,824$2,284$1,833$1,460$1,157$828
21 years$2,662$2,127$1,686$1,325$1,035$726
22 years$2,514$1,986$1,554$1,205$928$637
23 years$2,379$1,857$1,435$1,098$833$560
24 years$2,256$1,740$1,327$1,001$749$493
25 years$2,142$1,633$1,229$914$674$434
26 years$2,038$1,535$1,140$836$607$383
27 years$1,942$1,444$1,058$765$547$337
28 years$1,852$1,361$984$701$494$298
29 years$1,769$1,284$915$643$446$263
30 years$1,692$1,213$853$590$403$232
31 years$1,619$1,146$795$542$364$205
32 years$1,552$1,085$742$498$329$181
33 years$1,488$1,027$693$458$298$160
34 years$1,429$974$647$421$270$142
35 years$1,373$923$605$388$244$126
36 years$1,320$876$566$357$222$111
37 years$1,270$832$530$329$201$98
38 years$1,223$791$496$303$182$87
39 years$1,178$752$465$280$165$77
40 years$1,136$716$436$258$150$68
41 years$1,096$681$408$238$136$61
42 years$1,058$649$383$220$123$54
43 years$1,022$618$360$203$112$47
44 years$987$589$337$187$102$42
45 years$955$562$317$173$92$37
46 years$923$536$298$160$84$33
47 years$893$512$280$148$76$29
48 years$865$488$263$136$69$26
49 years$837$466$247$126$63$23
50 years$811$445$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 $831,000, adding $3,221 every year, while hoping to spend $46,627 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: 77/15/8 Blend
65$831,000$831,000$831,000$831,000
66$919,084$875,041$862,161$988,557
67$963,220$868,308$841,433$1,027,923
68$1,010,295$859,681$818,447$1,064,748
69$1,060,560$849,020$793,080$1,103,768
70$1,114,289$836,174$765,200$1,145,180
71$1,171,783$820,983$734,670$1,189,203
72$1,233,372$803,279$701,349$1,236,080
73$1,299,419$782,882$665,087$1,286,078
74$1,370,320$759,604$625,728$1,339,490
75$1,446,511$733,243$583,108$1,396,641
76$1,528,471$703,588$537,058$1,457,891
77$1,616,725$670,413$487,400$1,523,636
78$1,711,850$633,483$433,947$1,594,311
79$1,814,480$592,544$376,505$1,670,400
80$1,925,310$547,332$314,871$1,752,435
81$2,045,107$497,566$248,834$1,841,004
82$2,174,710$442,949$178,172$1,936,754
83$2,315,044$383,168$102,655$2,040,404
84$2,467,126$317,890$22,041$2,152,742
85$2,632,072$246,766$0$2,274,641
86$2,811,111$169,426$0$2,412,526
87$3,005,596$85,479$0$2,564,362
88$3,217,012$0$0$2,729,461
89$3,446,995$0$0$2,910,047
90$3,697,345$0$0$3,122,011
91$3,970,041$0$0$3,352,922
92$4,267,263$0$0$3,604,628
93$4,591,408$0$0$3,879,164
94$4,945,116$0$0$4,178,769
95$5,331,291$0$0$4,505,907
96$5,753,132$0$0$4,863,292
97$6,214,160$0$0$5,253,911
98$6,718,250$0$0$5,681,051
99$7,269,670$0$0$6,148,334
100$7,873,118$0$0$6,659,745