Can I retire at age 66 with 832,000?

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 $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%12.1%
1 years$68,706$68,094$67,497$66,914$66,345$65,762
2 years$34,013$33,379$32,765$32,170$31,593$31,005
3 years$22,450$21,814$21,201$20,612$20,044$19,470
4 years$16,670$16,035$15,429$14,850$14,295$13,739
5 years$13,202$12,572$11,974$11,406$10,867$10,331
6 years$10,892$10,266$9,677$9,121$8,599$8,083
7 years$9,242$8,621$8,041$7,499$6,993$6,498
8 years$8,005$7,390$6,820$6,291$5,801$5,327
9 years$7,043$6,434$5,874$5,358$4,886$4,432
10 years$6,275$5,672$5,121$4,619$4,163$3,729
11 years$5,646$5,049$4,508$4,020$3,580$3,167
12 years$5,123$4,532$4,001$3,526$3,103$2,708
13 years$4,680$4,095$3,575$3,113$2,705$2,330
14 years$4,301$3,723$3,212$2,763$2,372$2,015
15 years$3,973$3,401$2,900$2,464$2,088$1,750
16 years$3,686$3,120$2,629$2,207$1,845$1,525
17 years$3,433$2,873$2,392$1,983$1,636$1,333
18 years$3,209$2,655$2,184$1,787$1,455$1,168
19 years$3,008$2,461$1,999$1,614$1,297$1,025
20 years$2,828$2,287$1,835$1,462$1,158$902
21 years$2,665$2,130$1,688$1,327$1,037$795
22 years$2,517$1,988$1,555$1,207$929$702
23 years$2,382$1,860$1,436$1,099$834$620
24 years$2,258$1,742$1,328$1,002$750$548
25 years$2,145$1,635$1,230$915$675$486
26 years$2,041$1,537$1,141$837$608$430
27 years$1,944$1,446$1,060$766$548$382
28 years$1,854$1,363$985$702$494$339
29 years$1,771$1,286$917$644$446$301
30 years$1,694$1,214$854$591$403$267
31 years$1,621$1,148$796$542$365$238
32 years$1,553$1,086$743$499$330$211
33 years$1,490$1,028$693$458$299$188
34 years$1,430$975$648$422$270$167
35 years$1,374$925$606$388$245$149
36 years$1,321$878$567$358$222$132
37 years$1,272$833$530$330$201$118
38 years$1,224$792$497$304$182$105
39 years$1,180$753$465$280$165$94
40 years$1,137$717$436$258$150$83
41 years$1,097$682$409$238$136$74
42 years$1,059$650$384$220$123$66
43 years$1,023$619$360$203$112$59
44 years$989$590$338$187$102$53
45 years$956$563$317$173$92$47
46 years$924$537$298$160$84$42
47 years$894$512$280$148$76$37
48 years$866$489$263$137$69$33
49 years$838$467$247$126$63$30
50 years$812$446$232$117$57$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $832,000, adding $6,494 every year, while hoping to spend $37,366 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: 27/43/30 Blend
65$832,000$832,000$832,000$832,000
66$923,563$879,467$866,571$939,785
67$978,009$882,803$855,844$956,889
68$1,036,756$885,051$843,505$971,631
69$1,100,204$886,117$829,461$986,711
70$1,168,791$885,903$813,614$1,002,187
71$1,243,000$884,304$795,862$1,018,122
72$1,323,360$881,209$776,097$1,034,592
73$1,410,454$876,500$754,208$1,051,681
74$1,504,923$870,052$730,077$1,069,487
75$1,607,472$861,731$703,582$1,088,123
76$1,718,877$851,398$674,594$1,107,716
77$1,839,989$838,903$642,979$1,128,410
78$1,971,746$824,088$608,598$1,150,371
79$2,115,182$806,786$571,303$1,173,784
80$2,271,430$786,819$530,942$1,198,861
81$2,441,742$763,999$487,355$1,225,838
82$2,627,493$738,128$440,374$1,254,983
83$2,830,196$708,994$389,825$1,286,598
84$3,051,517$676,377$335,526$1,321,023
85$3,293,292$640,039$277,286$1,358,636
86$3,557,539$599,732$214,906$1,399,867
87$3,846,481$555,192$148,179$1,445,192
88$4,162,567$506,142$76,888$1,495,148
89$4,508,492$452,285$806$1,550,333
90$4,887,223$393,313$0$1,611,418
91$5,302,029$328,894$0$1,704,881
92$5,756,509$258,683$0$1,807,774
93$6,254,627$182,313$0$1,920,852
94$6,800,748$99,395$0$2,045,238
95$7,399,680$9,521$0$2,182,177
96$8,056,718$0$0$2,333,050
97$8,777,696$0$0$2,540,903
98$9,569,038$0$0$2,774,128
99$10,437,822$0$0$3,030,325
100$11,391,843$0$0$3,311,811