Can I retire at age 66 with 765,000?

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 $765,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$63,173$62,610$62,061$61,525$61,002$59,893
2 years$31,274$30,691$30,127$29,580$29,049$27,935
3 years$20,642$20,057$19,494$18,952$18,430$17,347
4 years$15,327$14,744$14,187$13,654$13,144$12,100
5 years$12,139$11,560$11,009$10,487$9,992$8,989
6 years$10,015$9,439$8,897$8,387$7,906$6,946
7 years$8,498$7,927$7,394$6,895$6,430$5,513
8 years$7,360$6,795$6,270$5,784$5,334$4,460
9 years$6,476$5,916$5,401$4,927$4,492$3,661
10 years$5,769$5,215$4,708$4,247$3,828$3,038
11 years$5,191$4,642$4,145$3,696$3,292$2,542
12 years$4,710$4,167$3,679$3,242$2,853$2,143
13 years$4,303$3,766$3,287$2,862$2,488$1,816
14 years$3,955$3,423$2,953$2,541$2,181$1,547
15 years$3,653$3,127$2,666$2,266$1,920$1,322
16 years$3,389$2,869$2,417$2,029$1,697$1,134
17 years$3,157$2,642$2,200$1,823$1,505$975
18 years$2,950$2,441$2,008$1,643$1,338$840
19 years$2,766$2,263$1,838$1,484$1,192$726
20 years$2,600$2,103$1,687$1,344$1,065$628
21 years$2,450$1,958$1,552$1,220$953$544
22 years$2,314$1,828$1,430$1,109$854$472
23 years$2,190$1,710$1,321$1,010$767$409
24 years$2,077$1,602$1,221$922$689$356
25 years$1,972$1,503$1,131$842$620$309
26 years$1,876$1,413$1,049$770$559$269
27 years$1,787$1,330$974$704$504$234
28 years$1,705$1,253$906$645$455$204
29 years$1,628$1,182$843$592$410$178
30 years$1,557$1,116$785$543$371$155
31 years$1,491$1,055$732$499$335$135
32 years$1,428$999$683$458$303$118
33 years$1,370$946$638$422$274$103
34 years$1,315$896$596$388$249$90
35 years$1,264$850$557$357$225$78
36 years$1,215$807$521$329$204$69
37 years$1,169$766$488$303$185$60
38 years$1,126$728$457$279$168$52
39 years$1,085$693$428$257$152$46
40 years$1,046$659$401$237$138$40
41 years$1,009$627$376$219$125$35
42 years$974$597$353$202$113$30
43 years$941$569$331$187$103$27
44 years$909$542$311$172$93$23
45 years$879$517$292$159$85$20
46 years$850$493$274$147$77$18
47 years$822$471$257$136$70$16
48 years$796$450$242$126$64$14
49 years$771$429$227$116$58$12
50 years$747$410$214$107$52$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $765,000, adding $4,780 every year, while hoping to spend $40,493 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: 66/28/6 Blend
65$765,000$765,000$765,000$765,000
66$847,961$807,416$795,558$902,816
67$891,368$803,895$779,125$936,322
68$937,846$798,844$760,784$967,618
69$987,666$792,146$740,429$1,000,739
70$1,041,122$783,676$717,948$1,035,857
71$1,098,542$773,301$693,225$1,073,163
72$1,160,282$760,882$666,137$1,112,868
73$1,226,735$746,269$636,556$1,155,206
74$1,298,331$729,306$604,350$1,200,435
75$1,375,544$709,825$569,379$1,248,843
76$1,458,893$687,650$531,497$1,300,747
77$1,548,950$662,594$490,552$1,356,498
78$1,646,341$634,460$446,384$1,416,484
79$1,751,758$603,039$398,828$1,481,136
80$1,865,959$568,109$347,710$1,550,930
81$1,989,776$529,436$292,848$1,626,393
82$2,124,128$486,773$234,053$1,708,107
83$2,270,023$439,859$171,128$1,796,717
84$2,428,570$388,417$103,865$1,892,936
85$2,600,989$332,154$32,050$1,997,553
86$2,788,624$270,763$0$2,111,439
87$2,992,950$203,918$0$2,238,413
88$3,215,595$131,273$0$2,379,063
89$3,458,346$52,466$0$2,532,528
90$3,723,172$0$0$2,700,128
91$4,012,242$0$0$2,893,453
92$4,327,939$0$0$3,122,287
93$4,672,891$0$0$3,372,374
94$5,049,988$0$0$3,645,815
95$5,462,414$0$0$3,944,926
96$5,913,673$0$0$4,272,253
97$6,407,624$0$0$4,630,604
98$6,948,517$0$0$5,023,068
99$7,541,031$0$0$5,453,048
100$8,190,321$0$0$5,924,291