Can I retire at age 66 with 836,000?

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 $836,000?

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$69,036$68,421$67,821$67,236$66,664$65,885
2 years$34,176$33,540$32,923$32,325$31,745$30,961
3 years$22,558$21,919$21,303$20,711$20,140$19,376
4 years$16,750$16,113$15,503$14,921$14,364$13,625
5 years$13,266$12,632$12,031$11,461$10,919$10,208
6 years$10,944$10,315$9,723$9,165$8,640$7,956
7 years$9,286$8,663$8,080$7,535$7,027$6,371
8 years$8,043$7,426$6,852$6,321$5,829$5,202
9 years$7,077$6,465$5,902$5,384$4,909$4,310
10 years$6,305$5,699$5,145$4,641$4,183$3,612
11 years$5,673$5,073$4,530$4,039$3,597$3,054
12 years$5,147$4,554$4,020$3,543$3,117$2,600
13 years$4,703$4,115$3,592$3,128$2,718$2,227
14 years$4,322$3,741$3,227$2,777$2,383$1,917
15 years$3,992$3,417$2,914$2,476$2,098$1,657
16 years$3,704$3,135$2,642$2,217$1,854$1,437
17 years$3,450$2,887$2,404$1,992$1,644$1,250
18 years$3,224$2,668$2,194$1,795$1,462$1,089
19 years$3,023$2,473$2,009$1,622$1,303$952
20 years$2,841$2,298$1,844$1,469$1,164$833
21 years$2,678$2,140$1,696$1,333$1,042$730
22 years$2,529$1,998$1,563$1,212$934$641
23 years$2,393$1,869$1,443$1,104$838$564
24 years$2,269$1,751$1,335$1,007$753$496
25 years$2,155$1,643$1,236$920$678$437
26 years$2,050$1,544$1,146$841$611$385
27 years$1,953$1,453$1,065$770$550$339
28 years$1,863$1,369$990$705$497$300
29 years$1,780$1,292$921$647$449$265
30 years$1,702$1,220$858$594$405$234
31 years$1,629$1,153$800$545$366$207
32 years$1,561$1,091$746$501$331$183
33 years$1,497$1,033$697$461$300$161
34 years$1,437$979$651$424$272$143
35 years$1,381$929$609$390$246$126
36 years$1,328$882$569$359$223$112
37 years$1,278$837$533$331$202$99
38 years$1,230$796$499$305$183$88
39 years$1,185$757$468$281$166$78
40 years$1,143$720$438$260$151$69
41 years$1,103$685$411$239$137$61
42 years$1,064$653$385$221$124$54
43 years$1,028$622$362$204$113$48
44 years$993$593$340$188$102$42
45 years$960$565$319$174$93$37
46 years$929$539$299$161$84$33
47 years$899$515$281$148$76$29
48 years$870$491$264$137$69$26
49 years$843$469$248$127$63$23
50 years$816$448$234$117$57$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $836,000, adding $4,945 every year, while hoping to spend $22,486 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: 52/24/24 Blend
65$836,000$836,000$836,000$836,000
66$926,373$882,065$869,107$968,119
67$996,938$901,361$874,297$1,016,815
68$1,073,947$920,849$878,907$1,067,049
69$1,158,034$940,515$882,895$1,121,231
70$1,249,895$960,342$886,214$1,179,745
71$1,350,300$980,314$888,817$1,243,015
72$1,460,092$1,000,411$890,654$1,311,508
73$1,580,203$1,020,613$891,673$1,385,739
74$1,711,658$1,040,898$891,818$1,466,277
75$1,855,585$1,061,239$891,032$1,553,747
76$2,013,227$1,081,612$889,253$1,648,840
77$2,185,951$1,101,986$886,419$1,752,317
78$2,375,266$1,122,332$882,462$1,865,018
79$2,582,831$1,142,614$877,312$1,987,867
80$2,810,474$1,162,796$870,897$2,121,885
81$3,060,209$1,182,840$863,138$2,268,197
82$3,334,254$1,202,702$853,956$2,428,043
83$3,635,051$1,222,337$843,267$2,602,791
84$3,965,291$1,241,697$830,982$2,793,949
85$4,327,939$1,260,729$817,008$3,003,180
86$4,726,260$1,279,376$801,249$3,232,315
87$5,163,852$1,297,578$783,604$3,483,377
88$5,644,676$1,315,271$763,966$3,758,594
89$6,173,099$1,332,385$742,225$4,060,423
90$6,753,930$1,348,847$718,264$4,391,572
91$7,392,468$1,364,577$691,963$4,755,028
92$8,094,550$1,379,492$663,194$5,154,084
93$8,866,608$1,393,501$631,825$5,592,370
94$9,715,728$1,406,509$597,718$6,073,887
95$10,649,717$1,418,413$560,726$6,603,049
96$11,677,177$1,429,104$520,699$7,184,719
97$12,807,586$1,438,467$477,479$7,824,260
98$14,051,385$1,446,377$430,900$8,527,584
99$15,420,081$1,452,704$380,790$9,301,209
100$16,926,351$1,457,308$326,968$10,152,318