Can I retire at age 66 with 766,000?

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 $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%19%
1 years$63,256$62,692$62,142$61,606$61,082$58,868
2 years$31,315$30,731$30,166$29,618$29,087$26,880
3 years$20,669$20,083$19,520$18,977$18,454$16,325
4 years$15,347$14,763$14,205$13,672$13,161$11,125
5 years$12,155$11,575$11,024$10,501$10,005$8,068
6 years$10,028$9,452$8,909$8,398$7,917$6,080
7 years$8,509$7,937$7,403$6,904$6,438$4,701
8 years$7,370$6,804$6,279$5,792$5,341$3,702
9 years$6,485$5,924$5,408$4,933$4,498$2,955
10 years$5,777$5,222$4,715$4,253$3,833$2,382
11 years$5,198$4,649$4,151$3,701$3,296$1,936
12 years$4,716$4,172$3,684$3,246$2,856$1,583
13 years$4,309$3,771$3,291$2,866$2,491$1,301
14 years$3,960$3,427$2,957$2,544$2,183$1,073
15 years$3,658$3,131$2,670$2,269$1,922$888
16 years$3,394$2,873$2,421$2,032$1,699$737
17 years$3,161$2,646$2,203$1,825$1,507$613
18 years$2,954$2,445$2,011$1,645$1,340$511
19 years$2,769$2,266$1,841$1,486$1,194$426
20 years$2,603$2,105$1,689$1,346$1,066$356
21 years$2,453$1,961$1,554$1,222$954$298
22 years$2,317$1,831$1,432$1,111$855$249
23 years$2,193$1,712$1,322$1,012$768$208
24 years$2,079$1,604$1,223$923$690$175
25 years$1,975$1,505$1,133$843$621$146
26 years$1,879$1,415$1,050$771$559$123
27 years$1,790$1,331$975$705$504$103
28 years$1,707$1,255$907$646$455$86
29 years$1,631$1,184$844$593$411$73
30 years$1,559$1,118$786$544$371$61
31 years$1,493$1,057$733$499$336$51
32 years$1,430$1,000$684$459$304$43
33 years$1,372$947$638$422$275$36
34 years$1,317$897$596$388$249$30
35 years$1,265$851$558$358$225$25
36 years$1,217$808$522$329$204$21
37 years$1,171$767$488$303$185$18
38 years$1,127$729$457$280$168$15
39 years$1,086$693$428$258$152$13
40 years$1,047$660$402$238$138$11
41 years$1,010$628$377$219$125$9
42 years$975$598$353$202$114$8
43 years$942$570$331$187$103$6
44 years$910$543$311$173$94$5
45 years$880$518$292$159$85$4
46 years$851$494$274$147$77$4
47 years$823$472$258$136$70$3
48 years$797$450$242$126$64$3
49 years$772$430$228$116$58$2
50 years$748$411$214$107$52$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $766,000, adding $6,546 every year, while hoping to spend $22,894 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: 40/31/29 Blend
65$766,000$766,000$766,000$766,000
66$850,884$810,286$798,413$877,419
67$913,315$825,631$800,801$912,689
68$981,347$840,961$802,501$948,223
69$1,055,527$856,250$803,467$986,234
70$1,136,456$871,472$803,649$1,026,966
71$1,224,798$886,598$802,995$1,070,686
72$1,321,283$901,596$801,451$1,117,687
73$1,426,713$916,433$798,958$1,168,297
74$1,541,972$931,073$795,458$1,222,876
75$1,668,035$945,477$790,887$1,281,821
76$1,805,972$959,603$785,180$1,345,572
77$1,956,965$973,408$778,267$1,414,613
78$2,122,312$986,842$770,076$1,489,481
79$2,303,446$999,855$760,532$1,570,767
80$2,501,943$1,012,393$749,554$1,659,124
81$2,719,537$1,024,396$737,061$1,755,274
82$2,958,142$1,035,804$722,964$1,860,014
83$3,219,862$1,046,548$707,174$1,974,222
84$3,507,018$1,056,559$689,594$2,098,869
85$3,822,164$1,065,760$670,125$2,235,028
86$4,168,113$1,074,071$648,663$2,383,881
87$4,547,966$1,081,406$625,099$2,546,733
88$4,965,138$1,087,674$599,318$2,725,028
89$5,423,389$1,092,777$571,202$2,920,354
90$5,926,863$1,096,612$540,627$3,134,469
91$6,480,127$1,099,069$507,461$3,369,309
92$7,088,207$1,100,031$471,569$3,627,012
93$7,756,646$1,099,375$432,808$3,909,939
94$8,491,547$1,096,967$391,030$4,220,692
95$9,299,636$1,092,669$346,080$4,562,144
96$10,188,321$1,086,332$297,796$4,937,464
97$11,165,765$1,077,798$246,008$5,350,149
98$12,240,963$1,066,900$190,539$5,804,055
99$13,423,825$1,053,461$131,205$6,303,439
100$14,725,268$1,037,294$67,814$6,852,995