Can I retire at age 66 with 772,000?

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 $772,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.1%
1 years$63,751$63,183$62,629$62,088$61,560$59,542
2 years$31,560$30,972$30,403$29,850$29,314$27,300
3 years$20,831$20,241$19,672$19,125$18,598$16,652
4 years$15,468$14,879$14,316$13,779$13,264$11,400
5 years$12,250$11,665$11,110$10,583$10,083$8,306
6 years$10,106$9,526$8,979$8,464$7,979$6,290
7 years$8,575$8,000$7,461$6,958$6,489$4,889
8 years$7,428$6,857$6,328$5,837$5,383$3,871
9 years$6,535$5,970$5,450$4,972$4,533$3,106
10 years$5,822$5,263$4,752$4,286$3,863$2,519
11 years$5,239$4,685$4,183$3,730$3,322$2,059
12 years$4,753$4,205$3,712$3,272$2,879$1,694
13 years$4,343$3,800$3,317$2,888$2,510$1,401
14 years$3,991$3,454$2,980$2,564$2,201$1,163
15 years$3,686$3,155$2,691$2,287$1,938$969
16 years$3,420$2,895$2,440$2,047$1,712$809
17 years$3,186$2,666$2,220$1,840$1,518$677
18 years$2,977$2,464$2,026$1,658$1,350$568
19 years$2,791$2,283$1,855$1,498$1,203$477
20 years$2,624$2,122$1,703$1,357$1,075$401
21 years$2,473$1,976$1,566$1,231$962$338
22 years$2,335$1,845$1,443$1,120$862$285
23 years$2,210$1,725$1,333$1,020$774$240
24 years$2,096$1,617$1,232$930$696$203
25 years$1,990$1,517$1,142$849$626$171
26 years$1,893$1,426$1,059$777$564$144
27 years$1,804$1,342$983$711$508$122
28 years$1,721$1,264$914$651$459$103
29 years$1,643$1,193$850$597$414$87
30 years$1,571$1,127$792$548$374$74
31 years$1,504$1,065$739$503$338$62
32 years$1,441$1,008$689$463$306$53
33 years$1,383$954$643$425$277$45
34 years$1,327$904$601$391$251$38
35 years$1,275$858$562$360$227$32
36 years$1,226$814$526$332$206$27
37 years$1,180$773$492$306$187$23
38 years$1,136$735$461$282$169$19
39 years$1,095$699$432$260$153$16
40 years$1,055$665$405$240$139$14
41 years$1,018$633$379$221$126$12
42 years$983$603$356$204$115$10
43 years$949$574$334$188$104$8
44 years$917$547$314$174$94$7
45 years$887$522$294$161$86$6
46 years$858$498$276$148$78$5
47 years$830$475$260$137$71$4
48 years$803$454$244$127$64$4
49 years$778$433$229$117$58$3
50 years$754$414$216$108$53$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $772,000, adding $2,505 every year, while hoping to spend $55,108 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: 55/38/7 Blend
65$772,000$772,000$772,000$772,000
66$853,328$812,412$800,446$898,755
67$881,733$793,586$768,626$910,882
68$911,188$771,990$733,894$917,756
69$941,743$747,431$696,093$923,898
70$973,449$719,703$655,060$929,245
71$1,006,362$688,590$610,626$933,732
72$1,040,541$653,861$562,612$937,292
73$1,076,049$615,273$510,833$939,853
74$1,112,955$572,570$455,094$941,338
75$1,151,330$525,480$395,194$941,669
76$1,191,252$473,715$330,919$940,764
77$1,232,805$416,972$262,050$938,536
78$1,276,078$354,930$188,355$934,895
79$1,321,166$287,250$109,594$929,747
80$1,368,174$213,574$25,514$922,993
81$1,417,212$133,524$0$914,532
82$1,468,401$46,700$0$909,054
83$1,521,870$0$0$903,998
84$1,577,760$0$0$917,150
85$1,636,221$0$0$951,350
86$1,697,417$0$0$987,170
87$1,761,525$0$0$1,024,714
88$1,828,739$0$0$1,064,100
89$1,899,265$0$0$1,105,450
90$1,973,331$0$0$1,148,902
91$2,051,182$0$0$1,194,603
92$2,133,087$0$0$1,242,714
93$2,219,335$0$0$1,293,409
94$2,310,244$0$0$1,346,880
95$2,406,158$0$0$1,403,332
96$2,507,454$0$0$1,462,994
97$2,614,542$0$0$1,526,112
98$2,727,869$0$0$1,592,955
99$2,847,926$0$0$1,663,818
100$2,975,245$0$0$1,739,024