Can I retire at age 66 with 767,000?

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 $767,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$63,338$62,774$62,224$61,686$61,162$60,675
2 years$31,356$30,772$30,206$29,657$29,125$28,634
3 years$20,696$20,110$19,545$19,001$18,478$17,998
4 years$15,367$14,783$14,224$13,689$13,179$12,714
5 years$12,171$11,590$11,038$10,515$10,018$9,570
6 years$10,041$9,464$8,921$8,409$7,927$7,496
7 years$8,520$7,948$7,413$6,913$6,447$6,032
8 years$7,380$6,813$6,287$5,799$5,348$4,951
9 years$6,493$5,932$5,415$4,940$4,504$4,124
10 years$5,784$5,229$4,721$4,258$3,838$3,474
11 years$5,205$4,655$4,156$3,706$3,300$2,954
12 years$4,722$4,178$3,688$3,251$2,860$2,529
13 years$4,314$3,775$3,295$2,870$2,494$2,179
14 years$3,965$3,432$2,961$2,547$2,186$1,887
15 years$3,663$3,135$2,673$2,272$1,925$1,641
16 years$3,398$2,876$2,424$2,034$1,701$1,432
17 years$3,165$2,649$2,206$1,828$1,508$1,253
18 years$2,958$2,448$2,013$1,647$1,341$1,099
19 years$2,773$2,269$1,843$1,488$1,196$967
20 years$2,607$2,108$1,692$1,348$1,068$852
21 years$2,457$1,964$1,556$1,223$956$752
22 years$2,320$1,833$1,434$1,112$857$665
23 years$2,196$1,714$1,324$1,013$769$588
24 years$2,082$1,606$1,224$924$691$521
25 years$1,977$1,507$1,134$844$622$462
26 years$1,881$1,417$1,052$772$560$410
27 years$1,792$1,333$977$706$505$364
28 years$1,709$1,256$908$647$456$324
29 years$1,633$1,185$845$593$412$288
30 years$1,561$1,119$787$545$372$256
31 years$1,495$1,058$734$500$336$228
32 years$1,432$1,001$685$460$304$203
33 years$1,374$948$639$423$275$181
34 years$1,319$899$597$389$249$161
35 years$1,267$852$558$358$226$144
36 years$1,218$809$522$330$204$128
37 years$1,172$768$489$304$185$114
38 years$1,129$730$458$280$168$102
39 years$1,088$694$429$258$152$91
40 years$1,049$661$402$238$138$81
41 years$1,012$629$377$220$125$73
42 years$977$599$354$203$114$65
43 years$943$571$332$187$103$58
44 years$911$544$311$173$94$52
45 years$881$519$292$160$85$46
46 years$852$495$275$147$77$41
47 years$825$472$258$136$70$37
48 years$798$451$243$126$64$33
49 years$773$430$228$116$58$29
50 years$749$411$214$108$53$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $767,000, adding $6,835 every year, while hoping to spend $40,617 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: 83/7/10 Blend
65$767,000$767,000$767,000$767,000
66$852,284$811,633$799,745$921,158
67$896,001$808,187$783,320$963,789
68$942,816$803,211$764,984$1,004,473
69$993,001$796,587$744,629$1,047,914
70$1,046,857$788,189$722,144$1,094,366
71$1,104,713$777,886$697,412$1,144,108
72$1,166,928$765,537$670,310$1,197,447
73$1,233,900$750,994$640,710$1,254,722
74$1,306,063$734,098$608,479$1,316,305
75$1,383,895$714,683$573,477$1,382,606
76$1,467,922$692,571$535,558$1,454,079
77$1,558,720$667,577$494,569$1,531,221
78$1,656,923$639,502$450,351$1,614,581
79$1,763,227$608,136$402,736$1,704,765
80$1,878,400$573,258$351,551$1,802,439
81$2,003,283$534,634$296,614$1,908,336
82$2,138,803$492,016$237,736$2,023,268
83$2,285,978$445,142$174,717$2,148,127
84$2,445,928$393,735$107,351$2,283,895
85$2,619,888$337,503$35,422$2,431,656
86$2,809,212$276,136$0$2,592,606
87$3,015,393$209,308$0$2,772,472
88$3,240,074$136,675$0$2,972,615
89$3,485,061$57,871$0$3,190,877
90$3,752,343$0$0$3,429,049
91$4,044,110$0$0$3,691,222
92$4,362,771$0$0$3,982,444
93$4,710,980$0$0$4,300,685
94$5,091,658$0$0$4,648,615
95$5,508,019$0$0$5,029,176
96$5,963,606$0$0$5,445,606
97$6,462,316$0$0$5,901,470
98$7,008,442$0$0$6,400,696
99$7,606,713$0$0$6,947,606
100$8,262,335$0$0$7,546,964