Can I retire at age 66 with 825,000?

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 $825,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$68,128$67,521$66,929$66,351$65,787$65,154
2 years$33,727$33,098$32,490$31,899$31,327$30,690
3 years$22,261$21,630$21,023$20,438$19,875$19,253
4 years$16,529$15,900$15,299$14,725$14,175$13,573
5 years$13,091$12,466$11,873$11,310$10,776$10,195
6 years$10,800$10,180$9,595$9,045$8,526$7,968
7 years$9,164$8,549$7,974$7,436$6,934$6,399
8 years$7,938$7,328$6,762$6,238$5,753$5,240
9 years$6,984$6,380$5,824$5,313$4,845$4,354
10 years$6,222$5,624$5,078$4,580$4,128$3,659
11 years$5,599$5,007$4,470$3,986$3,550$3,103
12 years$5,080$4,494$3,967$3,496$3,076$2,651
13 years$4,641$4,061$3,545$3,087$2,683$2,278
14 years$4,265$3,691$3,185$2,740$2,352$1,967
15 years$3,940$3,372$2,875$2,444$2,071$1,706
16 years$3,655$3,094$2,607$2,188$1,830$1,484
17 years$3,404$2,849$2,372$1,966$1,623$1,296
18 years$3,182$2,633$2,166$1,772$1,443$1,134
19 years$2,983$2,440$1,982$1,601$1,286$994
20 years$2,804$2,267$1,819$1,450$1,149$873
21 years$2,642$2,112$1,674$1,316$1,028$768
22 years$2,496$1,972$1,542$1,196$921$677
23 years$2,362$1,844$1,424$1,090$827$598
24 years$2,239$1,728$1,317$994$743$528
25 years$2,127$1,621$1,220$908$669$467
26 years$2,023$1,524$1,131$830$603$413
27 years$1,928$1,434$1,051$760$543$366
28 years$1,839$1,351$977$696$490$324
29 years$1,756$1,275$909$638$443$287
30 years$1,679$1,204$847$586$400$255
31 years$1,608$1,138$789$538$362$226
32 years$1,540$1,077$736$494$327$201
33 years$1,477$1,020$688$455$296$178
34 years$1,418$967$642$418$268$158
35 years$1,363$917$601$385$243$141
36 years$1,310$870$562$355$220$125
37 years$1,261$826$526$327$199$111
38 years$1,214$785$492$301$181$99
39 years$1,170$747$461$278$164$88
40 years$1,128$711$432$256$149$78
41 years$1,088$676$406$236$135$70
42 years$1,050$644$380$218$122$62
43 years$1,014$614$357$201$111$55
44 years$980$585$335$186$101$49
45 years$948$558$315$172$92$44
46 years$917$532$295$159$83$39
47 years$887$508$278$147$75$35
48 years$859$485$261$135$69$31
49 years$831$463$245$125$62$27
50 years$805$442$231$116$57$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $825,000, adding $6,981 every year, while hoping to spend $29,248 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: 32/45/23 Blend
65$825,000$825,000$825,000$825,000
66$916,351$872,626$859,838$939,004
67$978,699$884,265$857,523$968,325
68$1,046,426$895,494$854,150$996,768
69$1,120,051$906,262$849,653$1,026,809
70$1,200,142$916,515$843,963$1,058,604
71$1,287,327$926,194$837,006$1,092,331
72$1,382,294$935,238$828,706$1,128,186
73$1,485,804$943,580$818,983$1,166,386
74$1,598,691$951,151$807,754$1,207,173
75$1,721,874$957,874$794,930$1,250,814
76$1,856,366$963,671$780,421$1,297,606
77$2,003,280$968,455$764,130$1,347,881
78$2,163,843$972,137$745,956$1,402,004
79$2,339,404$974,621$725,795$1,460,380
80$2,531,450$975,805$703,536$1,523,459
81$2,741,618$975,579$679,065$1,591,741
82$2,971,709$973,829$652,260$1,665,777
83$3,223,709$970,432$622,996$1,746,180
84$3,499,803$965,259$591,142$1,833,628
85$3,802,398$958,172$556,560$1,928,873
86$4,134,144$949,024$519,107$2,032,746
87$4,497,962$937,661$478,631$2,146,167
88$4,897,065$923,918$434,977$2,270,157
89$5,334,998$907,621$387,981$2,405,843
90$5,815,660$888,587$337,470$2,554,473
91$6,343,349$866,619$283,267$2,717,428
92$6,922,799$841,512$225,185$2,896,235
93$7,559,224$813,046$163,028$3,092,584
94$8,258,369$780,989$96,594$3,308,344
95$9,026,562$745,097$25,669$3,545,579
96$9,870,774$705,110$0$3,806,573
97$10,798,687$660,754$0$4,106,125
98$11,818,761$611,739$0$4,442,271
99$12,940,319$557,759$0$4,811,846
100$14,173,631$498,489$0$5,218,319