Can I retire at age 66 with 762,000?

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 $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%12.8%
1 years$62,925$62,365$61,818$61,284$60,763$60,053
2 years$31,151$30,571$30,009$29,464$28,935$28,221
3 years$20,561$19,978$19,418$18,878$18,357$17,661
4 years$15,267$14,686$14,131$13,600$13,093$12,419
5 years$12,092$11,514$10,966$10,446$9,953$9,304
6 years$9,975$9,402$8,862$8,354$7,875$7,252
7 years$8,464$7,896$7,365$6,868$6,405$5,807
8 years$7,331$6,768$6,246$5,762$5,313$4,742
9 years$6,451$5,893$5,380$4,908$4,475$3,929
10 years$5,747$5,194$4,690$4,230$3,813$3,292
11 years$5,171$4,624$4,129$3,682$3,279$2,783
12 years$4,692$4,151$3,664$3,229$2,841$2,370
13 years$4,286$3,751$3,274$2,851$2,478$2,030
14 years$3,939$3,409$2,942$2,531$2,172$1,747
15 years$3,639$3,115$2,656$2,257$1,912$1,510
16 years$3,376$2,858$2,408$2,021$1,690$1,310
17 years$3,144$2,632$2,191$1,816$1,499$1,139
18 years$2,939$2,432$2,000$1,636$1,333$993
19 years$2,755$2,254$1,831$1,479$1,188$868
20 years$2,590$2,094$1,680$1,339$1,061$759
21 years$2,441$1,951$1,546$1,215$949$666
22 years$2,305$1,821$1,425$1,105$851$584
23 years$2,181$1,703$1,315$1,006$764$514
24 years$2,068$1,596$1,217$918$687$452
25 years$1,965$1,497$1,127$838$618$398
26 years$1,869$1,407$1,045$766$557$351
27 years$1,780$1,325$970$702$502$309
28 years$1,698$1,248$902$643$453$273
29 years$1,622$1,177$839$589$409$241
30 years$1,551$1,112$782$541$369$213
31 years$1,485$1,051$729$497$334$188
32 years$1,423$995$680$457$302$166
33 years$1,365$942$635$420$273$147
34 years$1,310$893$593$386$248$130
35 years$1,259$847$555$356$224$115
36 years$1,210$804$519$328$203$102
37 years$1,165$763$486$302$184$90
38 years$1,121$725$455$278$167$80
39 years$1,080$690$426$256$151$71
40 years$1,042$656$399$237$137$63
41 years$1,005$625$375$218$125$55
42 years$970$595$351$201$113$49
43 years$937$567$330$186$103$44
44 years$905$540$309$172$93$39
45 years$875$515$291$159$85$34
46 years$847$492$273$146$77$30
47 years$819$469$256$135$70$27
48 years$793$448$241$125$63$24
49 years$768$428$226$116$57$21
50 years$744$409$213$107$52$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $762,000, adding $6,575 every year, while hoping to spend $26,194 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: 34/45/21 Blend
65$762,000$762,000$762,000$762,000
66$846,506$806,120$794,309$869,658
67$904,980$817,750$793,048$898,993
68$968,539$829,071$790,867$927,734
69$1,037,677$840,042$787,708$958,190
70$1,112,932$850,616$783,508$990,526
71$1,194,900$860,745$778,204$1,024,929
72$1,284,234$870,377$771,729$1,061,606
73$1,381,656$879,455$764,012$1,100,783
74$1,487,957$887,920$754,978$1,142,715
75$1,604,010$895,710$744,551$1,187,682
76$1,730,775$902,756$732,650$1,235,993
77$1,869,310$908,987$719,190$1,287,993
78$2,020,778$914,326$704,081$1,344,062
79$2,186,461$918,691$687,231$1,404,623
80$2,367,770$921,997$668,544$1,470,142
81$2,566,259$924,151$647,916$1,541,135
82$2,783,638$925,055$625,242$1,618,175
83$3,021,792$924,606$600,411$1,701,895
84$3,282,796$922,693$573,305$1,792,993
85$3,568,935$919,198$543,805$1,892,246
86$3,882,725$913,998$511,781$2,000,511
87$4,226,940$906,961$477,103$2,118,733
88$4,604,632$897,946$439,630$2,247,963
89$5,019,165$886,806$399,218$2,389,358
90$5,474,244$873,383$355,715$2,544,200
91$5,973,948$857,511$308,964$2,713,904
92$6,522,775$839,013$258,798$2,900,036
93$7,125,676$817,702$205,045$3,104,327
94$7,788,106$793,381$147,525$3,328,687
95$8,516,076$765,839$86,051$3,575,229
96$9,316,207$734,856$20,424$3,846,287
97$10,195,792$700,197$0$4,144,438
98$11,162,870$661,614$0$4,483,647
99$12,226,294$618,844$0$4,861,549
100$13,395,818$571,609$0$5,277,086