Can I retire at age 66 with 828,000?

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 $828,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.8%
1 years$68,375$67,766$67,172$66,592$66,026$64,986
2 years$33,849$33,219$32,608$32,015$31,441$30,395
3 years$22,342$21,709$21,099$20,513$19,947$18,929
4 years$16,590$15,958$15,355$14,778$14,227$13,244
5 years$13,139$12,512$11,916$11,351$10,815$9,870
6 years$10,839$10,217$9,630$9,078$8,557$7,652
7 years$9,197$8,580$8,003$7,463$6,959$6,094
8 years$7,966$7,355$6,787$6,261$5,774$4,947
9 years$7,010$6,403$5,845$5,333$4,862$4,075
10 years$6,244$5,644$5,096$4,597$4,143$3,394
11 years$5,619$5,025$4,487$4,001$3,563$2,851
12 years$5,098$4,510$3,982$3,509$3,088$2,412
13 years$4,658$4,076$3,557$3,098$2,692$2,053
14 years$4,280$3,705$3,196$2,750$2,360$1,755
15 years$3,954$3,384$2,886$2,453$2,078$1,507
16 years$3,668$3,105$2,617$2,196$1,837$1,297
17 years$3,417$2,860$2,381$1,973$1,628$1,120
18 years$3,193$2,642$2,173$1,778$1,448$970
19 years$2,994$2,449$1,990$1,607$1,291$841
20 years$2,814$2,276$1,826$1,455$1,153$731
21 years$2,652$2,120$1,680$1,321$1,032$636
22 years$2,505$1,979$1,548$1,201$925$554
23 years$2,370$1,851$1,429$1,094$830$483
24 years$2,248$1,734$1,322$997$746$422
25 years$2,135$1,627$1,224$911$671$369
26 years$2,031$1,529$1,136$833$605$322
27 years$1,935$1,439$1,054$762$545$282
28 years$1,845$1,356$980$698$492$247
29 years$1,763$1,279$912$641$444$216
30 years$1,685$1,208$850$588$401$189
31 years$1,613$1,142$792$540$363$166
32 years$1,546$1,081$739$496$328$146
33 years$1,483$1,024$690$456$297$128
34 years$1,423$970$645$420$269$112
35 years$1,368$920$603$386$244$98
36 years$1,315$873$564$356$221$86
37 years$1,265$829$528$328$200$76
38 years$1,218$788$494$302$181$66
39 years$1,174$750$463$279$164$58
40 years$1,132$713$434$257$149$51
41 years$1,092$679$407$237$135$45
42 years$1,054$647$382$219$123$40
43 years$1,018$616$358$202$111$35
44 years$984$587$336$187$101$30
45 years$951$560$316$172$92$27
46 years$920$534$297$159$83$24
47 years$890$510$279$147$76$21
48 years$862$487$262$136$69$18
49 years$834$465$246$126$62$16
50 years$808$444$231$116$57$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $828,000, adding $6,283 every year, while hoping to spend $41,481 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: 59/27/14 Blend
65$828,000$828,000$828,000$828,000
66$918,937$875,053$862,219$969,564
67$968,533$873,795$846,968$1,003,201
68$1,021,798$871,085$829,815$1,034,691
69$1,079,061$866,809$810,655$1,068,051
70$1,140,686$860,843$789,372$1,103,466
71$1,207,072$853,060$765,852$1,141,139
72$1,278,654$843,321$739,969$1,181,300
73$1,355,915$831,481$711,596$1,224,202
74$1,439,381$817,387$680,597$1,270,124
75$1,529,634$800,875$646,833$1,319,377
76$1,627,311$781,772$610,156$1,372,306
77$1,733,112$759,895$570,412$1,429,293
78$1,847,810$735,050$527,441$1,490,761
79$1,972,252$707,032$481,076$1,557,179
80$2,107,369$675,625$431,139$1,629,067
81$2,254,188$640,597$377,450$1,706,999
82$2,413,836$601,708$319,815$1,791,612
83$2,587,554$558,698$258,036$1,883,613
84$2,776,708$511,298$191,904$1,983,782
85$2,982,801$459,220$121,201$2,092,983
86$3,207,485$402,160$45,699$2,212,172
87$3,452,581$339,798$0$2,342,409
88$3,720,091$271,796$0$2,490,072
89$4,012,221$197,794$0$2,658,872
90$4,331,397$117,416$0$2,843,446
91$4,680,293$30,262$0$3,045,417
92$5,061,849$0$0$3,266,580
93$5,479,305$0$0$3,527,954
94$5,936,228$0$0$3,823,947
95$6,436,545$0$0$4,148,119
96$6,984,581$0$0$4,503,282
97$7,585,099$0$0$4,892,532
98$8,243,345$0$0$5,319,277
99$8,965,096$0$0$5,787,273
100$9,756,715$0$0$6,300,656