Can I retire at age 66 with 764,000?

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 $764,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.8%
1 years$63,090$62,528$61,980$61,445$60,922$59,717
2 years$31,233$30,651$30,087$29,541$29,011$27,801
3 years$20,615$20,031$19,469$18,927$18,406$17,230
4 years$15,307$14,725$14,168$13,636$13,127$11,994
5 years$12,123$11,544$10,995$10,474$9,979$8,892
6 years$10,001$9,427$8,886$8,376$7,896$6,856
7 years$8,486$7,917$7,384$6,886$6,422$5,429
8 years$7,351$6,786$6,262$5,777$5,327$4,382
9 years$6,468$5,908$5,394$4,920$4,486$3,588
10 years$5,762$5,208$4,702$4,242$3,823$2,970
11 years$5,185$4,636$4,140$3,691$3,288$2,480
12 years$4,704$4,161$3,674$3,238$2,849$2,085
13 years$4,298$3,761$3,282$2,859$2,484$1,762
14 years$3,950$3,418$2,949$2,537$2,178$1,497
15 years$3,648$3,123$2,663$2,263$1,917$1,276
16 years$3,385$2,865$2,414$2,026$1,695$1,091
17 years$3,153$2,639$2,197$1,821$1,503$935
18 years$2,946$2,438$2,005$1,641$1,336$804
19 years$2,762$2,260$1,836$1,483$1,191$692
20 years$2,597$2,100$1,685$1,343$1,064$597
21 years$2,447$1,956$1,550$1,219$952$515
22 years$2,311$1,826$1,428$1,108$853$446
23 years$2,187$1,708$1,319$1,009$766$386
24 years$2,074$1,600$1,220$920$688$334
25 years$1,970$1,501$1,130$840$619$290
26 years$1,874$1,411$1,048$769$558$251
27 years$1,785$1,328$973$703$503$218
28 years$1,703$1,251$904$644$454$189
29 years$1,626$1,181$842$591$410$164
30 years$1,555$1,115$784$542$370$143
31 years$1,489$1,054$731$498$335$124
32 years$1,427$997$682$458$303$108
33 years$1,368$944$637$421$274$94
34 years$1,313$895$595$387$248$82
35 years$1,262$849$556$357$225$71
36 years$1,213$806$520$328$204$62
37 years$1,168$765$487$303$185$54
38 years$1,124$727$456$279$167$47
39 years$1,083$692$427$257$152$41
40 years$1,045$658$400$237$138$36
41 years$1,008$626$376$219$125$31
42 years$973$597$352$202$113$27
43 years$939$568$331$186$103$23
44 years$908$542$310$172$93$20
45 years$878$517$291$159$85$18
46 years$849$493$274$147$77$15
47 years$821$470$257$136$70$13
48 years$795$449$242$125$63$12
49 years$770$429$227$116$58$10
50 years$746$410$213$107$52$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $764,000, adding $2,457 every year, while hoping to spend $33,046 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: 64/27/9 Blend
65$764,000$764,000$764,000$764,000
66$844,462$803,970$792,128$896,764
67$895,437$808,204$783,504$936,186
68$950,503$811,538$773,483$975,125
69$1,010,044$813,893$761,984$1,016,808
70$1,074,479$815,184$748,921$1,061,500
71$1,144,271$815,324$734,206$1,109,493
72$1,219,928$814,216$717,743$1,161,110
73$1,302,009$811,761$699,435$1,216,707
74$1,391,128$807,851$679,181$1,276,678
75$1,487,961$802,374$656,871$1,341,458
76$1,593,252$795,208$632,395$1,411,527
77$1,707,818$786,228$605,634$1,487,415
78$1,832,559$775,297$576,467$1,569,707
79$1,968,466$762,273$544,765$1,659,049
80$2,116,629$747,003$510,394$1,756,154
81$2,278,247$729,328$473,213$1,861,811
82$2,454,640$709,077$433,078$1,976,888
83$2,647,262$686,070$389,834$2,102,345
84$2,857,711$660,117$343,323$2,239,242
85$3,087,750$631,015$293,377$2,388,749
86$3,339,318$598,552$239,822$2,552,156
87$3,614,549$562,501$182,476$2,730,889
88$3,915,794$522,625$121,150$2,926,521
89$4,245,641$478,670$55,646$3,140,787
90$4,606,942$430,370$0$3,375,603
91$5,002,836$377,443$0$3,634,453
92$5,436,778$319,592$0$3,924,092
93$5,912,579$256,501$0$4,241,767
94$6,434,430$187,837$0$4,590,342
95$7,006,951$113,250$0$4,972,975
96$7,635,230$32,370$0$5,393,150
97$8,324,870$0$0$5,854,707
98$9,082,046$0$0$6,378,283
99$9,913,557$0$0$6,963,877
100$10,826,894$0$0$7,607,155