Can I retire at age 66 with 762,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $762,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$62,925$62,365$61,818$61,284$60,763$60,103
2 years$31,151$30,571$30,009$29,464$28,935$28,271
3 years$20,561$19,978$19,418$18,878$18,357$17,709
4 years$15,267$14,686$14,131$13,600$13,093$12,466
5 years$12,092$11,514$10,966$10,446$9,953$9,349
6 years$9,975$9,402$8,862$8,354$7,875$7,295
7 years$8,464$7,896$7,365$6,868$6,405$5,848
8 years$7,331$6,768$6,246$5,762$5,313$4,781
9 years$6,451$5,893$5,380$4,908$4,475$3,966
10 years$5,747$5,194$4,690$4,230$3,813$3,327
11 years$5,171$4,624$4,129$3,682$3,279$2,816
12 years$4,692$4,151$3,664$3,229$2,841$2,401
13 years$4,286$3,751$3,274$2,851$2,478$2,059
14 years$3,939$3,409$2,942$2,531$2,172$1,775
15 years$3,639$3,115$2,656$2,257$1,912$1,536
16 years$3,376$2,858$2,408$2,021$1,690$1,334
17 years$3,144$2,632$2,191$1,816$1,499$1,162
18 years$2,939$2,432$2,000$1,636$1,333$1,014
19 years$2,755$2,254$1,831$1,479$1,188$887
20 years$2,590$2,094$1,680$1,339$1,061$778
21 years$2,441$1,951$1,546$1,215$949$683
22 years$2,305$1,821$1,425$1,105$851$601
23 years$2,181$1,703$1,315$1,006$764$529
24 years$2,068$1,596$1,217$918$687$466
25 years$1,965$1,497$1,127$838$618$411
26 years$1,869$1,407$1,045$766$557$363
27 years$1,780$1,325$970$702$502$320
28 years$1,698$1,248$902$643$453$283
29 years$1,622$1,177$839$589$409$250
30 years$1,551$1,112$782$541$369$222
31 years$1,485$1,051$729$497$334$196
32 years$1,423$995$680$457$302$174
33 years$1,365$942$635$420$273$154
34 years$1,310$893$593$386$248$136
35 years$1,259$847$555$356$224$121
36 years$1,210$804$519$328$203$107
37 years$1,165$763$486$302$184$95
38 years$1,121$725$455$278$167$84
39 years$1,080$690$426$256$151$75
40 years$1,042$656$399$237$137$66
41 years$1,005$625$375$218$125$59
42 years$970$595$351$201$113$52
43 years$937$567$330$186$103$46
44 years$905$540$309$172$93$41
45 years$875$515$291$159$85$36
46 years$847$492$273$146$77$32
47 years$819$469$256$135$70$29
48 years$793$448$241$125$63$26
49 years$768$428$226$116$57$23
50 years$744$409$213$107$52$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $762,000, adding $4,373 every year, while hoping to spend $55,606 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: 58/23/19 Blend
65$762,000$762,000$762,000$762,000
66$844,235$803,849$792,038$888,728
67$871,182$784,073$759,407$899,663
68$899,015$761,465$723,819$905,152
69$927,764$735,826$685,116$909,889
70$957,463$706,948$643,134$913,813
71$988,145$674,610$597,701$916,857
72$1,019,847$638,577$548,635$918,953
73$1,052,607$598,602$495,749$920,030
74$1,086,463$554,424$438,847$920,009
75$1,121,457$505,766$377,723$918,811
76$1,157,632$452,334$312,163$916,351
77$1,195,033$393,821$241,943$912,539
78$1,233,707$329,900$166,830$907,281
79$1,273,705$260,225$86,578$900,479
80$1,315,079$184,431$934$892,027
81$1,357,883$102,135$0$881,816
82$1,402,177$12,929$0$888,070
83$1,448,021$0$0$893,724
84$1,495,480$0$0$919,681
85$1,544,623$0$0$949,951
86$1,595,521$0$0$981,308
87$1,648,251$0$0$1,013,799
88$1,702,894$0$0$1,047,474
89$1,759,536$0$0$1,082,387
90$1,818,268$0$0$1,118,596
91$1,879,188$0$0$1,156,161
92$1,942,398$0$0$1,195,147
93$2,008,009$0$0$1,235,623
94$2,076,138$0$0$1,277,662
95$2,146,911$0$0$1,321,344
96$2,220,461$0$0$1,366,751
97$2,296,932$0$0$1,413,976
98$2,376,478$0$0$1,463,113
99$2,459,263$0$0$1,514,267
100$2,545,465$0$0$1,567,549