Can I retire at age 66 with 821,000?

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 $821,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.6%
1 years$67,797$67,194$66,604$66,029$65,468$63,195
2 years$33,563$32,938$32,332$31,745$31,175$28,909
3 years$22,153$21,525$20,921$20,339$19,779$17,590
4 years$16,449$15,823$15,225$14,653$14,106$12,012
5 years$13,028$12,406$11,815$11,255$10,723$8,729
6 years$10,748$10,130$9,549$9,001$8,485$6,593
7 years$9,120$8,507$7,935$7,400$6,901$5,109
8 years$7,899$7,292$6,729$6,208$5,725$4,033
9 years$6,950$6,349$5,796$5,288$4,821$3,227
10 years$6,192$5,597$5,053$4,558$4,108$2,609
11 years$5,571$4,982$4,449$3,967$3,533$2,125
12 years$5,055$4,472$3,948$3,479$3,061$1,743
13 years$4,618$4,041$3,527$3,072$2,670$1,436
14 years$4,244$3,673$3,169$2,727$2,340$1,188
15 years$3,920$3,356$2,862$2,432$2,061$986
16 years$3,637$3,079$2,594$2,177$1,821$821
17 years$3,388$2,835$2,361$1,956$1,615$684
18 years$3,166$2,620$2,155$1,763$1,436$572
19 years$2,968$2,428$1,973$1,593$1,280$479
20 years$2,790$2,256$1,811$1,443$1,143$401
21 years$2,630$2,102$1,665$1,310$1,023$336
22 years$2,484$1,962$1,535$1,191$917$282
23 years$2,350$1,835$1,417$1,084$823$237
24 years$2,229$1,719$1,311$989$740$199
25 years$2,117$1,613$1,214$903$666$168
26 years$2,014$1,516$1,126$826$600$141
27 years$1,918$1,427$1,045$756$541$119
28 years$1,830$1,345$972$693$488$100
29 years$1,748$1,269$904$635$440$84
30 years$1,671$1,198$842$583$398$71
31 years$1,600$1,133$785$535$360$60
32 years$1,533$1,072$733$492$325$50
33 years$1,470$1,015$684$452$295$42
34 years$1,411$962$639$416$267$36
35 years$1,356$912$598$383$242$30
36 years$1,304$866$559$353$219$25
37 years$1,255$822$523$325$198$21
38 years$1,208$782$490$300$180$18
39 years$1,164$743$459$276$163$15
40 years$1,122$707$430$255$148$13
41 years$1,083$673$404$235$134$11
42 years$1,045$641$379$217$122$9
43 years$1,009$611$355$200$111$8
44 years$975$582$333$185$100$6
45 years$943$555$313$171$91$5
46 years$912$530$294$158$83$5
47 years$883$505$276$146$75$4
48 years$854$482$260$135$68$3
49 years$827$461$244$125$62$3
50 years$802$440$229$115$56$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $821,000, adding $5,612 every year, while hoping to spend $51,251 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: 80/5/15 Blend
65$821,000$821,000$821,000$821,000
66$910,531$867,018$854,292$980,120
67$948,874$854,971$828,380$1,014,648
68$989,411$840,616$799,883$1,045,367
69$1,032,311$823,786$768,659$1,077,622
70$1,077,759$804,304$734,561$1,111,544
71$1,125,957$781,982$697,436$1,147,277
72$1,177,127$756,621$657,122$1,184,982
73$1,231,510$728,012$613,452$1,224,835
74$1,289,372$695,932$566,250$1,267,030
75$1,351,001$660,146$515,333$1,311,782
76$1,416,715$620,405$460,508$1,359,328
77$1,486,861$576,446$401,577$1,409,929
78$1,561,820$527,991$338,328$1,463,875
79$1,642,008$474,745$270,545$1,521,483
80$1,727,883$416,398$197,999$1,583,106
81$1,819,947$352,621$120,451$1,649,132
82$1,918,750$283,068$37,654$1,719,989
83$2,024,895$207,371$0$1,796,150
84$2,139,046$125,144$0$1,886,254
85$2,261,930$35,977$0$1,989,720
86$2,394,346$0$0$2,101,196
87$2,537,173$0$0$2,224,766
88$2,691,373$0$0$2,360,331
89$2,858,007$0$0$2,506,846
90$3,038,240$0$0$2,665,336
91$3,233,351$0$0$2,836,931
92$3,444,747$0$0$3,022,870
93$3,673,976$0$0$3,224,517
94$3,922,740$0$0$3,443,371
95$4,192,908$0$0$3,681,082
96$4,486,540$0$0$3,939,463
97$4,805,901$0$0$4,220,511
98$5,153,480$0$0$4,526,422
99$5,532,021$0$0$4,859,611
100$5,944,538$0$0$5,222,738