Can I retire at age 66 with 772,000?

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 $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%12.7%
1 years$63,751$63,183$62,629$62,088$61,560$60,867
2 years$31,560$30,972$30,403$29,850$29,314$28,616
3 years$20,831$20,241$19,672$19,125$18,598$17,917
4 years$15,468$14,879$14,316$13,779$13,264$12,606
5 years$12,250$11,665$11,110$10,583$10,083$9,449
6 years$10,106$9,526$8,979$8,464$7,979$7,369
7 years$8,575$8,000$7,461$6,958$6,489$5,904
8 years$7,428$6,857$6,328$5,837$5,383$4,824
9 years$6,535$5,970$5,450$4,972$4,533$3,999
10 years$5,822$5,263$4,752$4,286$3,863$3,353
11 years$5,239$4,685$4,183$3,730$3,322$2,836
12 years$4,753$4,205$3,712$3,272$2,879$2,417
13 years$4,343$3,800$3,317$2,888$2,510$2,072
14 years$3,991$3,454$2,980$2,564$2,201$1,784
15 years$3,686$3,155$2,691$2,287$1,938$1,543
16 years$3,420$2,895$2,440$2,047$1,712$1,339
17 years$3,186$2,666$2,220$1,840$1,518$1,165
18 years$2,977$2,464$2,026$1,658$1,350$1,017
19 years$2,791$2,283$1,855$1,498$1,203$889
20 years$2,624$2,122$1,703$1,357$1,075$779
21 years$2,473$1,976$1,566$1,231$962$683
22 years$2,335$1,845$1,443$1,120$862$600
23 years$2,210$1,725$1,333$1,020$774$528
24 years$2,096$1,617$1,232$930$696$465
25 years$1,990$1,517$1,142$849$626$410
26 years$1,893$1,426$1,059$777$564$361
27 years$1,804$1,342$983$711$508$319
28 years$1,721$1,264$914$651$459$282
29 years$1,643$1,193$850$597$414$249
30 years$1,571$1,127$792$548$374$220
31 years$1,504$1,065$739$503$338$195
32 years$1,441$1,008$689$463$306$172
33 years$1,383$954$643$425$277$152
34 years$1,327$904$601$391$251$135
35 years$1,275$858$562$360$227$120
36 years$1,226$814$526$332$206$106
37 years$1,180$773$492$306$187$94
38 years$1,136$735$461$282$169$83
39 years$1,095$699$432$260$153$74
40 years$1,055$665$405$240$139$65
41 years$1,018$633$379$221$126$58
42 years$983$603$356$204$115$51
43 years$949$574$334$188$104$45
44 years$917$547$314$174$94$40
45 years$887$522$294$161$86$36
46 years$858$498$276$148$78$32
47 years$830$475$260$137$71$28
48 years$803$454$244$127$64$25
49 years$778$433$229$117$58$22
50 years$754$414$216$108$53$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $772,000, adding $3,968 every year, while hoping to spend $27,872 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: 50/28/22 Blend
65$772,000$772,000$772,000$772,000
66$854,837$813,921$801,955$892,125
67$912,375$824,148$799,165$928,631
68$974,847$833,941$795,347$965,129
69$1,042,728$843,251$790,438$1,004,220
70$1,116,539$852,023$784,370$1,046,158
71$1,196,854$860,199$777,074$1,091,228
72$1,284,303$867,719$768,476$1,139,742
73$1,379,581$874,517$758,499$1,192,047
74$1,483,452$880,522$747,063$1,248,525
75$1,596,758$885,661$734,083$1,309,598
76$1,720,423$889,854$719,471$1,375,733
77$1,855,467$893,018$703,134$1,447,447
78$2,003,012$895,063$684,976$1,525,308
79$2,164,293$895,895$664,897$1,609,947
80$2,340,669$895,412$642,789$1,702,059
81$2,533,637$893,507$618,542$1,802,413
82$2,744,846$890,067$592,041$1,911,857
83$2,976,111$884,970$563,165$2,031,329
84$3,229,430$878,090$531,787$2,161,863
85$3,507,005$869,290$497,775$2,304,603
86$3,811,261$858,426$460,992$2,460,811
87$4,144,866$845,345$421,292$2,631,880
88$4,510,762$829,887$378,525$2,819,350
89$4,912,188$811,880$332,534$3,024,919
90$5,352,711$791,142$283,153$3,250,462
91$5,836,261$767,482$230,213$3,498,049
92$6,367,167$740,695$173,532$3,769,964
93$6,950,197$710,568$112,924$4,068,731
94$7,590,604$676,873$48,194$4,397,131
95$8,294,174$639,368$0$4,758,236
96$9,067,282$597,799$0$5,160,338
97$9,916,950$551,897$0$5,614,667
98$10,850,917$501,377$0$6,114,076
99$11,877,704$445,939$0$6,663,173
100$13,006,704$385,264$0$7,267,039