Can I retire at age 66 with 826,000?

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 $826,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$68,210$67,603$67,010$66,431$65,866$65,016
2 years$33,767$33,139$32,529$31,938$31,365$30,510
3 years$22,288$21,656$21,048$20,463$19,899$19,065
4 years$16,549$15,920$15,318$14,743$14,192$13,386
5 years$13,107$12,481$11,887$11,324$10,789$10,013
6 years$10,813$10,192$9,607$9,056$8,537$7,792
7 years$9,175$8,559$7,983$7,445$6,943$6,230
8 years$7,947$7,337$6,770$6,246$5,760$5,078
9 years$6,993$6,388$5,831$5,320$4,850$4,200
10 years$6,229$5,631$5,084$4,586$4,133$3,513
11 years$5,605$5,013$4,476$3,991$3,554$2,964
12 years$5,086$4,499$3,972$3,501$3,080$2,519
13 years$4,646$4,066$3,549$3,091$2,686$2,154
14 years$4,270$3,696$3,189$2,743$2,354$1,850
15 years$3,944$3,376$2,879$2,447$2,073$1,596
16 years$3,659$3,098$2,610$2,191$1,832$1,381
17 years$3,408$2,853$2,375$1,968$1,625$1,198
18 years$3,186$2,636$2,168$1,774$1,444$1,043
19 years$2,986$2,443$1,985$1,603$1,287$909
20 years$2,807$2,270$1,822$1,452$1,150$794
21 years$2,646$2,115$1,676$1,317$1,029$694
22 years$2,499$1,974$1,544$1,198$922$608
23 years$2,365$1,846$1,426$1,091$828$533
24 years$2,242$1,730$1,319$995$744$468
25 years$2,130$1,623$1,221$909$670$411
26 years$2,026$1,526$1,133$831$603$362
27 years$1,930$1,436$1,052$761$544$318
28 years$1,841$1,353$978$697$491$280
29 years$1,758$1,276$910$639$443$247
30 years$1,681$1,205$848$586$400$217
31 years$1,610$1,139$790$539$362$192
32 years$1,542$1,078$737$495$327$169
33 years$1,479$1,021$688$455$296$149
34 years$1,420$968$643$419$268$132
35 years$1,364$918$601$386$243$116
36 years$1,312$871$563$355$220$103
37 years$1,262$827$527$327$200$91
38 years$1,216$786$493$302$181$80
39 years$1,171$748$462$278$164$71
40 years$1,129$711$433$256$149$62
41 years$1,089$677$406$237$135$55
42 years$1,052$645$381$218$123$49
43 years$1,016$615$357$202$111$43
44 years$981$586$335$186$101$38
45 years$949$559$315$172$92$34
46 years$918$533$296$159$83$30
47 years$888$508$278$147$76$26
48 years$860$485$261$136$69$23
49 years$832$464$245$125$62$20
50 years$806$443$231$116$57$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $826,000, adding $5,704 every year, while hoping to spend $35,904 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: 56/36/8 Blend
65$826,000$826,000$826,000$826,000
66$916,136$872,358$859,555$965,415
67$971,380$876,902$850,148$1,003,860
68$1,031,056$880,465$839,223$1,041,222
69$1,095,577$882,961$826,691$1,081,043
70$1,165,400$884,300$812,459$1,123,559
71$1,241,023$884,384$796,429$1,169,037
72$1,322,998$883,109$778,500$1,217,767
73$1,411,929$880,366$758,565$1,270,073
74$1,508,482$876,040$736,512$1,326,313
75$1,613,388$870,007$712,226$1,386,881
76$1,727,452$862,136$685,584$1,452,217
77$1,851,559$852,288$656,459$1,522,802
78$1,986,685$840,317$624,717$1,599,173
79$2,133,901$826,067$590,219$1,681,920
80$2,294,387$809,372$552,820$1,771,698
81$2,469,442$790,059$512,367$1,869,229
82$2,660,495$767,941$468,701$1,975,313
83$2,869,119$742,824$421,656$2,090,832
84$3,097,046$714,500$371,059$2,216,764
85$3,346,183$682,748$316,727$2,354,187
86$3,618,629$647,338$258,473$2,504,293
87$3,916,696$608,024$196,098$2,668,400
88$4,242,927$564,546$129,396$2,847,963
89$4,600,126$516,629$58,151$3,044,590
90$4,991,379$463,983$0$3,260,059
91$5,420,083$406,302$0$3,497,856
92$5,889,982$343,262$0$3,764,021
93$6,405,198$274,520$0$4,055,997
94$6,970,271$199,714$0$4,376,451
95$7,590,202$118,462$0$4,728,324
96$8,270,497$30,362$0$5,114,863
97$9,017,225$0$0$5,539,651
98$9,837,068$0$0$6,032,396
99$10,737,387$0$0$6,586,796
100$11,726,292$0$0$7,195,826