Can I retire at age 66 with 832,000?

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 $832,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$68,706$68,094$67,497$66,914$66,345$65,005
2 years$34,013$33,379$32,765$32,170$31,593$30,249
3 years$22,450$21,814$21,201$20,612$20,044$18,738
4 years$16,670$16,035$15,429$14,850$14,295$13,037
5 years$13,202$12,572$11,974$11,406$10,867$9,660
6 years$10,892$10,266$9,677$9,121$8,599$7,445
7 years$9,242$8,621$8,041$7,499$6,993$5,892
8 years$8,005$7,390$6,820$6,291$5,801$4,753
9 years$7,043$6,434$5,874$5,358$4,886$3,889
10 years$6,275$5,672$5,121$4,619$4,163$3,217
11 years$5,646$5,049$4,508$4,020$3,580$2,684
12 years$5,123$4,532$4,001$3,526$3,103$2,255
13 years$4,680$4,095$3,575$3,113$2,705$1,905
14 years$4,301$3,723$3,212$2,763$2,372$1,617
15 years$3,973$3,401$2,900$2,464$2,088$1,377
16 years$3,686$3,120$2,629$2,207$1,845$1,177
17 years$3,433$2,873$2,392$1,983$1,636$1,009
18 years$3,209$2,655$2,184$1,787$1,455$866
19 years$3,008$2,461$1,999$1,614$1,297$745
20 years$2,828$2,287$1,835$1,462$1,158$642
21 years$2,665$2,130$1,688$1,327$1,037$554
22 years$2,517$1,988$1,555$1,207$929$479
23 years$2,382$1,860$1,436$1,099$834$414
24 years$2,258$1,742$1,328$1,002$750$358
25 years$2,145$1,635$1,230$915$675$310
26 years$2,041$1,537$1,141$837$608$269
27 years$1,944$1,446$1,060$766$548$233
28 years$1,854$1,363$985$702$494$202
29 years$1,771$1,286$917$644$446$176
30 years$1,694$1,214$854$591$403$153
31 years$1,621$1,148$796$542$365$132
32 years$1,553$1,086$743$499$330$115
33 years$1,490$1,028$693$458$299$100
34 years$1,430$975$648$422$270$87
35 years$1,374$925$606$388$245$76
36 years$1,321$878$567$358$222$66
37 years$1,272$833$530$330$201$57
38 years$1,224$792$497$304$182$50
39 years$1,180$753$465$280$165$43
40 years$1,137$717$436$258$150$38
41 years$1,097$682$409$238$136$33
42 years$1,059$650$384$220$123$28
43 years$1,023$619$360$203$112$25
44 years$989$590$338$187$102$22
45 years$956$563$317$173$92$19
46 years$924$537$298$160$84$16
47 years$894$512$280$148$76$14
48 years$866$489$263$137$69$12
49 years$838$467$247$126$63$11
50 years$812$446$232$117$57$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $832,000, adding $5,256 every year, while hoping to spend $48,646 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: 53/30/17 Blend
65$832,000$832,000$832,000$832,000
66$922,286$878,190$865,294$966,660
67$964,600$869,462$842,522$988,884
68$1,009,600$858,676$817,357$1,007,473
69$1,057,508$845,680$789,667$1,026,624
70$1,108,567$830,313$759,315$1,046,407
71$1,163,046$812,403$726,157$1,066,897
72$1,221,236$791,769$690,042$1,088,182
73$1,283,457$768,221$650,814$1,110,362
74$1,350,061$741,555$608,307$1,133,549
75$1,421,432$711,557$562,351$1,157,870
76$1,497,994$677,999$512,766$1,183,470
77$1,580,210$640,642$459,364$1,210,511
78$1,668,589$599,231$401,950$1,239,175
79$1,763,689$553,497$340,320$1,269,670
80$1,866,124$503,157$274,259$1,302,225
81$1,976,568$447,910$203,545$1,337,102
82$2,095,759$387,439$127,945$1,374,592
83$2,224,512$321,409$47,217$1,415,021
84$2,363,720$249,466$0$1,458,757
85$2,514,364$171,235$0$1,513,269
86$2,677,525$86,321$0$1,581,554
87$2,854,389$0$0$1,655,600
88$3,046,262$0$0$1,737,908
89$3,254,579$0$0$1,858,276
90$3,480,918$0$0$1,989,130
91$3,727,017$0$0$2,131,483
92$3,994,786$0$0$2,286,448
93$4,286,326$0$0$2,455,253
94$4,603,953$0$0$2,639,247
95$4,950,210$0$0$2,839,915
96$5,327,901$0$0$3,058,893
97$5,740,108$0$0$3,297,980
98$6,190,226$0$0$3,559,156
99$6,681,991$0$0$3,844,603
100$7,219,519$0$0$4,156,722