Can I retire at age 66 with 766,000?

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 $766,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$63,256$62,692$62,142$61,606$61,082$60,646
2 years$31,315$30,731$30,166$29,618$29,087$28,647
3 years$20,669$20,083$19,520$18,977$18,454$18,024
4 years$15,347$14,763$14,205$13,672$13,161$12,745
5 years$12,155$11,575$11,024$10,501$10,005$9,603
6 years$10,028$9,452$8,909$8,398$7,917$7,530
7 years$8,509$7,937$7,403$6,904$6,438$6,067
8 years$7,370$6,804$6,279$5,792$5,341$4,985
9 years$6,485$5,924$5,408$4,933$4,498$4,157
10 years$5,777$5,222$4,715$4,253$3,833$3,506
11 years$5,198$4,649$4,151$3,701$3,296$2,985
12 years$4,716$4,172$3,684$3,246$2,856$2,559
13 years$4,309$3,771$3,291$2,866$2,491$2,208
14 years$3,960$3,427$2,957$2,544$2,183$1,914
15 years$3,658$3,131$2,670$2,269$1,922$1,667
16 years$3,394$2,873$2,421$2,032$1,699$1,456
17 years$3,161$2,646$2,203$1,825$1,507$1,276
18 years$2,954$2,445$2,011$1,645$1,340$1,121
19 years$2,769$2,266$1,841$1,486$1,194$988
20 years$2,603$2,105$1,689$1,346$1,066$871
21 years$2,453$1,961$1,554$1,222$954$770
22 years$2,317$1,831$1,432$1,111$855$682
23 years$2,193$1,712$1,322$1,012$768$604
24 years$2,079$1,604$1,223$923$690$536
25 years$1,975$1,505$1,133$843$621$476
26 years$1,879$1,415$1,050$771$559$423
27 years$1,790$1,331$975$705$504$377
28 years$1,707$1,255$907$646$455$335
29 years$1,631$1,184$844$593$411$299
30 years$1,559$1,118$786$544$371$266
31 years$1,493$1,057$733$499$336$237
32 years$1,430$1,000$684$459$304$212
33 years$1,372$947$638$422$275$189
34 years$1,317$897$596$388$249$169
35 years$1,265$851$558$358$225$151
36 years$1,217$808$522$329$204$135
37 years$1,171$767$488$303$185$120
38 years$1,127$729$457$280$168$108
39 years$1,086$693$428$258$152$96
40 years$1,047$660$402$238$138$86
41 years$1,010$628$377$219$125$77
42 years$975$598$353$202$114$69
43 years$942$570$331$187$103$61
44 years$910$543$311$173$94$55
45 years$880$518$292$159$85$49
46 years$851$494$274$147$77$44
47 years$823$472$258$136$70$39
48 years$797$450$242$126$64$35
49 years$772$430$228$116$58$31
50 years$748$411$214$107$52$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $766,000, adding $5,273 every year, while hoping to spend $35,261 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: 32/49/19 Blend
65$766,000$766,000$766,000$766,000
66$849,571$808,973$797,100$871,593
67$898,710$811,095$786,286$890,595
68$951,679$812,140$773,927$907,459
69$1,008,832$812,016$759,935$924,879
70$1,070,557$810,630$744,217$942,926
71$1,137,281$807,878$726,676$961,678
72$1,209,474$803,653$707,209$981,226
73$1,287,649$797,841$685,710$1,001,672
74$1,372,375$790,321$662,067$1,023,132
75$1,464,275$780,965$636,164$1,045,736
76$1,564,034$769,635$607,878$1,069,632
77$1,672,406$756,188$577,083$1,094,988
78$1,790,221$740,470$543,644$1,121,990
79$1,918,390$722,320$507,423$1,150,851
80$2,057,918$701,566$468,274$1,181,807
81$2,209,909$678,026$426,044$1,215,124
82$2,375,579$651,508$380,576$1,251,102
83$2,556,265$621,809$331,702$1,290,075
84$2,753,440$588,714$279,251$1,332,419
85$2,968,725$551,995$223,039$1,378,551
86$3,203,904$511,411$162,880$1,428,941
87$3,460,940$466,709$98,575$1,484,112
88$3,741,997$417,618$29,917$1,544,647
89$4,049,454$363,855$0$1,611,198
90$4,385,935$305,120$0$1,693,281
91$4,754,324$241,095$0$1,789,959
92$5,157,801$171,445$0$1,896,108
93$5,599,867$95,816$0$2,012,782
94$6,084,377$13,835$0$2,141,148
95$6,615,576$0$0$2,282,498
96$7,198,142$0$0$2,478,651
97$7,837,224$0$0$2,702,136
98$8,538,496$0$0$2,947,493
99$9,308,207$0$0$3,216,923
100$10,153,240$0$0$3,512,851