Can I retire at age 66 with 824,000?

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 $824,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.4%
1 years$68,045$67,439$66,848$66,271$65,707$63,989
2 years$33,686$33,058$32,450$31,861$31,289$29,570
3 years$22,234$21,604$20,998$20,414$19,851$18,184
4 years$16,509$15,881$15,281$14,707$14,158$12,557
5 years$13,075$12,451$11,859$11,296$10,763$9,231
6 years$10,787$10,167$9,583$9,034$8,516$7,056
7 years$9,153$8,538$7,964$7,427$6,926$5,537
8 years$7,928$7,319$6,754$6,230$5,746$4,428
9 years$6,976$6,373$5,817$5,307$4,839$3,591
10 years$6,214$5,617$5,072$4,575$4,123$2,943
11 years$5,592$5,001$4,465$3,981$3,546$2,432
12 years$5,073$4,488$3,963$3,492$3,073$2,023
13 years$4,635$4,056$3,540$3,083$2,679$1,692
14 years$4,260$3,687$3,181$2,737$2,349$1,422
15 years$3,935$3,368$2,872$2,441$2,068$1,198
16 years$3,651$3,090$2,604$2,185$1,828$1,013
17 years$3,400$2,846$2,369$1,964$1,621$859
18 years$3,178$2,630$2,163$1,770$1,441$729
19 years$2,979$2,437$1,980$1,599$1,284$621
20 years$2,801$2,265$1,817$1,448$1,147$529
21 years$2,639$2,110$1,671$1,314$1,027$451
22 years$2,493$1,969$1,541$1,195$920$385
23 years$2,359$1,842$1,422$1,088$826$329
24 years$2,237$1,726$1,315$993$742$282
25 years$2,124$1,619$1,218$906$668$241
26 years$2,021$1,522$1,130$829$602$206
27 years$1,925$1,432$1,049$759$543$177
28 years$1,837$1,350$975$695$490$152
29 years$1,754$1,273$908$637$442$130
30 years$1,677$1,202$846$585$399$111
31 years$1,606$1,137$788$537$361$96
32 years$1,539$1,076$735$494$327$82
33 years$1,476$1,019$687$454$296$70
34 years$1,417$965$642$418$268$60
35 years$1,361$916$600$385$242$52
36 years$1,309$869$561$354$220$45
37 years$1,259$825$525$326$199$38
38 years$1,213$784$492$301$180$33
39 years$1,168$746$461$277$164$28
40 years$1,127$710$432$256$148$24
41 years$1,087$676$405$236$135$21
42 years$1,049$643$380$218$122$18
43 years$1,013$613$357$201$111$15
44 years$979$584$335$186$101$13
45 years$946$557$314$171$91$11
46 years$915$532$295$158$83$10
47 years$886$507$277$146$75$8
48 years$857$484$261$135$68$7
49 years$830$462$245$125$62$6
50 years$805$442$230$116$56$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $824,000, adding $5,358 every year, while hoping to spend $48,325 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: 48/40/12 Blend
65$824,000$824,000$824,000$824,000
66$913,575$869,903$857,131$954,156
67$955,342$861,111$834,427$973,877
68$999,750$850,268$809,343$989,824
69$1,047,017$837,223$781,749$1,006,052
70$1,097,381$821,816$751,506$1,022,602
71$1,151,105$803,877$718,473$1,039,525
72$1,208,476$783,224$682,500$1,056,878
73$1,269,807$759,669$643,430$1,074,728
74$1,335,443$733,008$601,101$1,093,151
75$1,405,761$703,029$555,341$1,112,239
76$1,481,176$669,505$505,972$1,132,091
77$1,562,143$632,197$452,808$1,152,827
78$1,649,159$590,852$395,655$1,174,579
79$1,742,773$545,204$334,309$1,197,500
80$1,843,586$494,968$268,558$1,221,763
81$1,952,257$439,847$198,181$1,247,565
82$2,069,513$379,525$122,945$1,275,128
83$2,196,149$313,669$42,610$1,304,705
84$2,333,043$241,924$0$1,336,578
85$2,481,155$163,921$0$1,376,591
86$2,641,545$79,264$0$1,425,763
87$2,815,374$0$0$1,479,074
88$3,003,922$0$0$1,542,501
89$3,208,596$0$0$1,649,302
90$3,430,942$0$0$1,765,405
91$3,672,662$0$0$1,891,708
92$3,935,628$0$0$2,029,200
93$4,221,900$0$0$2,178,970
94$4,533,744$0$0$2,342,214
95$4,873,654$0$0$2,520,251
96$5,244,375$0$0$2,714,529
97$5,648,928$0$0$2,926,646
98$6,090,639$0$0$3,158,359
99$6,573,169$0$0$3,411,603
100$7,100,547$0$0$3,688,506