Can I retire at age 66 with 800,000?

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 $800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.3%
1 years$66,063$65,475$64,901$64,340$63,793$61,652
2 years$32,705$32,095$31,505$30,933$30,378$28,242
3 years$21,586$20,975$20,386$19,819$19,273$17,209
4 years$16,029$15,419$14,836$14,278$13,746$11,770
5 years$12,695$12,088$11,513$10,967$10,449$8,567
6 years$10,473$9,871$9,304$8,771$8,268$6,480
7 years$8,886$8,290$7,732$7,211$6,724$5,031
8 years$7,697$7,106$6,557$6,049$5,578$3,978
9 years$6,773$6,187$5,648$5,152$4,698$3,189
10 years$6,033$5,453$4,924$4,441$4,003$2,583
11 years$5,429$4,855$4,335$3,865$3,442$2,109
12 years$4,926$4,357$3,847$3,390$2,983$1,732
13 years$4,500$3,938$3,437$2,993$2,601$1,430
14 years$4,136$3,579$3,088$2,657$2,280$1,186
15 years$3,820$3,270$2,788$2,370$2,008$986
16 years$3,544$3,000$2,528$2,122$1,775$823
17 years$3,301$2,763$2,300$1,906$1,573$688
18 years$3,085$2,553$2,100$1,718$1,399$576
19 years$2,892$2,366$1,922$1,552$1,247$483
20 years$2,719$2,199$1,764$1,406$1,114$406
21 years$2,562$2,048$1,623$1,276$997$341
22 years$2,420$1,912$1,496$1,160$893$287
23 years$2,290$1,788$1,381$1,057$802$242
24 years$2,172$1,675$1,277$964$721$203
25 years$2,063$1,572$1,183$880$649$172
26 years$1,962$1,478$1,097$805$584$145
27 years$1,869$1,391$1,019$737$527$122
28 years$1,783$1,310$947$675$475$103
29 years$1,703$1,236$881$619$429$87
30 years$1,628$1,167$821$568$388$73
31 years$1,559$1,104$765$522$351$62
32 years$1,494$1,044$714$479$317$52
33 years$1,433$989$667$441$287$44
34 years$1,375$937$623$406$260$37
35 years$1,321$889$582$373$235$32
36 years$1,271$844$545$344$213$27
37 years$1,223$801$510$317$193$23
38 years$1,177$762$478$292$175$19
39 years$1,134$724$447$269$159$16
40 years$1,094$689$419$248$144$14
41 years$1,055$656$393$229$131$11
42 years$1,019$625$369$211$119$10
43 years$984$595$346$195$108$8
44 years$951$567$325$180$98$7
45 years$919$541$305$166$89$6
46 years$889$516$287$154$81$5
47 years$860$492$269$142$73$4
48 years$833$470$253$131$66$4
49 years$806$449$238$121$60$3
50 years$781$429$224$112$55$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $800,000, adding $5,851 every year, while hoping to spend $59,970 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: 67/5/28 Blend
65$800,000$800,000$800,000$800,000
66$887,635$845,235$832,835$940,231
67$914,366$822,844$796,928$954,002
68$941,814$797,346$757,807$961,771
69$969,989$768,525$715,303$968,928
70$998,898$736,154$669,236$975,415
71$1,028,550$699,990$619,420$981,173
72$1,058,952$659,779$565,660$986,136
73$1,090,107$615,250$507,752$990,234
74$1,122,019$566,118$445,483$993,394
75$1,154,689$512,082$378,630$995,536
76$1,188,115$452,822$306,963$996,575
77$1,222,294$388,001$230,237$996,421
78$1,257,218$317,263$148,200$994,976
79$1,292,877$240,232$60,587$992,138
80$1,329,257$156,510$0$987,795
81$1,366,340$65,678$0$991,661
82$1,404,103$0$0$1,013,733
83$1,442,517$0$0$1,037,645
84$1,481,548$0$0$1,065,599
85$1,521,154$0$0$1,093,951
86$1,561,288$0$0$1,122,664
87$1,601,893$0$0$1,151,696
88$1,642,901$0$0$1,180,997
89$1,684,238$0$0$1,210,508
90$1,725,814$0$0$1,240,165
91$1,767,529$0$0$1,269,891
92$1,809,268$0$0$1,299,602
93$1,850,900$0$0$1,329,199
94$1,892,276$0$0$1,358,571
95$1,933,230$0$0$1,387,593
96$1,973,571$0$0$1,416,125
97$2,013,086$0$0$1,444,008
98$2,051,535$0$0$1,471,063
99$2,088,649$0$0$1,497,091
100$2,124,127$0$0$1,521,866