Can I retire at age 66 with 760,000?

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 $760,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$62,760$62,201$61,656$61,123$60,603$59,526
2 years$31,069$30,491$29,930$29,386$28,859$27,777
3 years$20,507$19,926$19,367$18,828$18,309$17,257
4 years$15,227$14,648$14,094$13,565$13,058$12,043
5 years$12,060$11,484$10,937$10,419$9,927$8,952
6 years$9,949$9,378$8,839$8,332$7,855$6,921
7 years$8,442$7,875$7,345$6,850$6,388$5,496
8 years$7,312$6,751$6,229$5,746$5,299$4,449
9 years$6,434$5,878$5,365$4,895$4,463$3,654
10 years$5,732$5,181$4,678$4,219$3,803$3,034
11 years$5,157$4,612$4,118$3,672$3,270$2,541
12 years$4,679$4,140$3,655$3,221$2,834$2,143
13 years$4,275$3,741$3,265$2,844$2,471$1,818
14 years$3,929$3,400$2,934$2,524$2,166$1,549
15 years$3,629$3,106$2,649$2,251$1,907$1,325
16 years$3,367$2,850$2,402$2,016$1,686$1,137
17 years$3,136$2,625$2,185$1,811$1,495$978
18 years$2,931$2,425$1,995$1,632$1,329$844
19 years$2,748$2,248$1,826$1,475$1,185$729
20 years$2,583$2,089$1,676$1,336$1,058$631
21 years$2,434$1,946$1,542$1,212$947$547
22 years$2,299$1,816$1,421$1,102$849$475
23 years$2,176$1,699$1,312$1,004$762$413
24 years$2,063$1,592$1,213$916$685$359
25 years$1,959$1,494$1,124$836$616$312
26 years$1,864$1,404$1,042$764$555$272
27 years$1,776$1,321$968$700$500$237
28 years$1,694$1,245$900$641$452$207
29 years$1,618$1,174$837$588$408$180
30 years$1,547$1,109$780$540$368$157
31 years$1,481$1,048$727$496$333$137
32 years$1,419$992$678$455$301$120
33 years$1,361$939$633$419$273$105
34 years$1,307$890$592$385$247$91
35 years$1,255$845$553$355$224$80
36 years$1,207$802$518$327$203$70
37 years$1,161$761$484$301$184$61
38 years$1,118$724$454$277$166$53
39 years$1,078$688$425$256$151$47
40 years$1,039$655$398$236$137$41
41 years$1,002$623$374$218$124$36
42 years$968$593$350$201$113$31
43 years$934$565$329$185$102$27
44 years$903$539$309$171$93$24
45 years$873$514$290$158$84$21
46 years$844$490$272$146$77$18
47 years$817$468$256$135$70$16
48 years$791$447$240$125$63$14
49 years$766$427$226$115$57$12
50 years$742$407$212$107$52$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $760,000, adding $3,048 every year, while hoping to spend $51,417 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: 73/6/21 Blend
65$760,000$760,000$760,000$760,000
66$840,664$800,384$788,604$897,546
67$871,704$784,896$760,315$920,287
68$904,188$766,925$729,355$938,713
69$938,207$746,296$695,580$957,602
70$973,862$722,823$658,840$976,989
71$1,011,263$696,308$618,979$996,916
72$1,050,528$666,543$575,830$1,017,429
73$1,091,786$633,308$529,225$1,038,582
74$1,135,176$596,368$478,982$1,060,434
75$1,180,851$555,477$424,914$1,083,050
76$1,228,976$510,374$366,827$1,106,506
77$1,279,732$460,782$304,516$1,130,884
78$1,333,315$406,411$237,768$1,156,279
79$1,389,939$346,951$166,360$1,182,795
80$1,449,839$282,078$90,059$1,210,550
81$1,513,270$211,447$8,623$1,239,676
82$1,580,510$134,695$0$1,270,318
83$1,651,865$51,438$0$1,320,182
84$1,727,667$0$0$1,375,111
85$1,808,282$0$0$1,435,995
86$1,894,108$0$0$1,504,450
87$1,985,581$0$0$1,577,429
88$2,083,181$0$0$1,655,318
89$2,187,430$0$0$1,738,536
90$2,298,903$0$0$1,827,545
91$2,418,230$0$0$1,922,851
92$2,546,101$0$0$2,025,008
93$2,683,272$0$0$2,134,625
94$2,830,575$0$0$2,252,370
95$2,988,922$0$0$2,378,975
96$3,159,314$0$0$2,515,246
97$3,342,849$0$0$2,662,064
98$3,540,736$0$0$2,820,402
99$3,754,299$0$0$2,991,324
100$3,984,998$0$0$3,176,002