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%11.3%
1 years$63,751$63,183$62,629$62,088$61,560$61,224
2 years$31,560$30,972$30,403$29,850$29,314$28,975
3 years$20,831$20,241$19,672$19,125$18,598$18,266
4 years$15,468$14,879$14,316$13,779$13,264$12,942
5 years$12,250$11,665$11,110$10,583$10,083$9,772
6 years$10,106$9,526$8,979$8,464$7,979$7,679
7 years$8,575$8,000$7,461$6,958$6,489$6,201
8 years$7,428$6,857$6,328$5,837$5,383$5,106
9 years$6,535$5,970$5,450$4,972$4,533$4,268
10 years$5,822$5,263$4,752$4,286$3,863$3,609
11 years$5,239$4,685$4,183$3,730$3,322$3,079
12 years$4,753$4,205$3,712$3,272$2,879$2,647
13 years$4,343$3,800$3,317$2,888$2,510$2,289
14 years$3,991$3,454$2,980$2,564$2,201$1,990
15 years$3,686$3,155$2,691$2,287$1,938$1,737
16 years$3,420$2,895$2,440$2,047$1,712$1,522
17 years$3,186$2,666$2,220$1,840$1,518$1,338
18 years$2,977$2,464$2,026$1,658$1,350$1,179
19 years$2,791$2,283$1,855$1,498$1,203$1,041
20 years$2,624$2,122$1,703$1,357$1,075$921
21 years$2,473$1,976$1,566$1,231$962$817
22 years$2,335$1,845$1,443$1,120$862$725
23 years$2,210$1,725$1,333$1,020$774$645
24 years$2,096$1,617$1,232$930$696$574
25 years$1,990$1,517$1,142$849$626$511
26 years$1,893$1,426$1,059$777$564$456
27 years$1,804$1,342$983$711$508$407
28 years$1,721$1,264$914$651$459$363
29 years$1,643$1,193$850$597$414$325
30 years$1,571$1,127$792$548$374$290
31 years$1,504$1,065$739$503$338$260
32 years$1,441$1,008$689$463$306$233
33 years$1,383$954$643$425$277$208
34 years$1,327$904$601$391$251$187
35 years$1,275$858$562$360$227$167
36 years$1,226$814$526$332$206$150
37 years$1,180$773$492$306$187$134
38 years$1,136$735$461$282$169$120
39 years$1,095$699$432$260$153$108
40 years$1,055$665$405$240$139$97
41 years$1,018$633$379$221$126$87
42 years$983$603$356$204$115$78
43 years$949$574$334$188$104$70
44 years$917$547$314$174$94$63
45 years$887$522$294$161$86$56
46 years$858$498$276$148$78$51
47 years$830$475$260$137$71$45
48 years$803$454$244$127$64$41
49 years$778$433$229$117$58$37
50 years$754$414$216$108$53$33

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $772,000, adding $2,453 every year, while hoping to spend $21,382 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: 60/20/20 Blend
65$772,000$772,000$772,000$772,000
66$853,274$812,358$800,392$899,862
67$917,558$829,414$804,455$948,749
68$987,682$846,588$807,937$999,494
69$1,064,219$863,865$810,797$1,054,373
70$1,147,801$881,225$812,990$1,113,792
71$1,239,122$898,650$814,470$1,178,196
72$1,338,946$916,118$815,189$1,248,076
73$1,448,115$933,604$815,094$1,323,973
74$1,567,556$951,084$814,133$1,406,483
75$1,698,290$968,531$812,250$1,496,265
76$1,841,440$985,913$809,385$1,594,042
77$1,998,245$1,003,200$805,477$1,700,613
78$2,170,066$1,020,357$800,461$1,816,860
79$2,358,405$1,037,347$794,268$1,943,752
80$2,564,914$1,054,129$786,828$2,082,361
81$2,791,415$1,070,662$778,067$2,233,864
82$3,039,913$1,086,898$767,906$2,399,563
83$3,312,617$1,102,788$756,263$2,580,890
84$3,611,959$1,118,280$743,053$2,779,427
85$3,940,620$1,133,317$728,187$2,996,914
86$4,301,552$1,147,838$711,570$3,235,271
87$4,698,008$1,161,779$693,105$3,496,616
88$5,133,569$1,175,071$672,688$3,783,281
89$5,612,183$1,187,639$650,213$4,097,838
90$6,138,198$1,199,406$625,567$4,443,124
91$6,716,403$1,210,286$598,633$4,822,263
92$7,352,078$1,220,191$569,289$5,238,700
93$8,051,034$1,229,026$537,405$5,696,234
94$8,819,680$1,236,688$502,848$6,199,052
95$9,665,071$1,243,070$465,477$6,751,768
96$10,594,985$1,248,057$425,147$7,359,470
97$11,617,989$1,251,526$381,705$8,027,765
98$12,743,521$1,253,349$334,990$8,762,835
99$13,981,984$1,253,387$284,835$9,571,493
100$15,344,836$1,251,493$231,067$10,461,250