Can I retire at age 66 with 769,000?

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 $769,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$63,503$62,938$62,386$61,847$61,321$60,280
2 years$31,437$30,852$30,284$29,734$29,201$28,155
3 years$20,750$20,162$19,596$19,051$18,526$17,509
4 years$15,407$14,821$14,261$13,725$13,213$12,231
5 years$12,203$11,620$11,067$10,542$10,044$9,101
6 years$10,067$9,489$8,944$8,431$7,948$7,045
7 years$8,542$7,969$7,432$6,931$6,464$5,600
8 years$7,399$6,830$6,303$5,815$5,362$4,539
9 years$6,510$5,947$5,429$4,953$4,516$3,732
10 years$5,800$5,242$4,733$4,269$3,848$3,102
11 years$5,219$4,667$4,167$3,716$3,309$2,601
12 years$4,735$4,189$3,698$3,259$2,868$2,197
13 years$4,326$3,785$3,304$2,877$2,501$1,866
14 years$3,975$3,441$2,969$2,554$2,192$1,592
15 years$3,672$3,143$2,680$2,278$1,930$1,364
16 years$3,407$2,884$2,430$2,040$1,706$1,172
17 years$3,173$2,656$2,211$1,832$1,512$1,010
18 years$2,966$2,454$2,019$1,651$1,345$872
19 years$2,780$2,274$1,848$1,492$1,199$755
20 years$2,614$2,114$1,696$1,351$1,071$654
21 years$2,463$1,969$1,560$1,227$958$568
22 years$2,326$1,838$1,438$1,115$859$494
23 years$2,202$1,719$1,327$1,016$771$430
24 years$2,087$1,610$1,228$926$693$374
25 years$1,983$1,511$1,137$846$624$326
26 years$1,886$1,420$1,055$774$562$285
27 years$1,797$1,337$979$708$506$248
28 years$1,714$1,260$910$649$457$217
29 years$1,637$1,188$847$595$413$190
30 years$1,565$1,122$789$546$373$166
31 years$1,498$1,061$736$501$337$145
32 years$1,436$1,004$686$461$305$127
33 years$1,377$951$641$424$276$111
34 years$1,322$901$599$390$250$97
35 years$1,270$855$560$359$226$85
36 years$1,221$811$524$331$205$74
37 years$1,175$770$490$305$186$65
38 years$1,132$732$459$281$168$57
39 years$1,090$696$430$259$153$50
40 years$1,051$662$403$239$139$44
41 years$1,014$630$378$220$126$38
42 years$979$600$355$203$114$34
43 years$946$572$333$188$104$29
44 years$914$545$312$173$94$26
45 years$883$520$293$160$85$23
46 years$854$496$275$148$77$20
47 years$827$473$259$137$70$17
48 years$800$452$243$126$64$15
49 years$775$432$229$117$58$13
50 years$751$412$215$108$53$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $769,000, adding $2,965 every year, while hoping to spend $31,162 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: 52/33/15 Blend
65$769,000$769,000$769,000$769,000
66$850,496$809,739$797,820$891,131
67$904,091$816,261$791,391$925,792
68$962,108$822,057$783,702$959,930
69$1,024,965$827,060$774,678$996,362
70$1,093,122$831,196$764,241$1,035,316
71$1,167,085$834,390$752,307$1,077,040
72$1,247,410$836,557$738,792$1,121,812
73$1,334,709$837,611$723,604$1,169,939
74$1,429,653$837,459$706,649$1,221,758
75$1,532,985$836,001$687,829$1,277,645
76$1,645,518$833,134$667,040$1,338,015
77$1,768,149$828,745$644,173$1,403,326
78$1,901,863$822,717$619,117$1,474,084
79$2,047,748$814,925$591,752$1,550,851
80$2,206,997$805,235$561,955$1,634,247
81$2,380,927$793,508$529,596$1,724,955
82$2,570,986$779,593$494,541$1,823,735
83$2,778,767$763,334$456,649$1,931,423
84$3,006,026$744,563$415,772$2,048,944
85$3,254,697$723,102$371,757$2,177,321
86$3,526,907$698,765$324,441$2,317,683
87$3,824,999$671,352$273,658$2,471,280
88$4,151,555$640,654$219,231$2,639,489
89$4,509,416$606,449$160,978$2,823,835
90$4,901,712$568,501$98,707$3,026,000
91$5,331,892$526,562$32,218$3,247,843
92$5,803,751$480,370$0$3,491,417
93$6,321,472$429,647$0$3,765,188
94$6,889,662$374,099$0$4,071,365
95$7,513,393$313,416$0$4,407,587
96$8,198,257$247,271$0$4,776,942
97$8,950,409$175,317$0$5,182,840
98$9,776,633$97,190$0$5,629,040
99$10,684,400$12,502$0$6,119,690
100$11,681,941$0$0$6,659,365