Can I retire at age 66 with 773,000?

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 $773,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$63,834$63,265$62,710$62,169$61,640$60,819
2 years$31,601$31,012$30,442$29,889$29,352$28,527
3 years$20,858$20,267$19,698$19,150$18,622$17,818
4 years$15,488$14,898$14,335$13,797$13,282$12,504
5 years$12,266$11,680$11,125$10,597$10,096$9,348
6 years$10,119$9,538$8,990$8,475$7,989$7,271
7 years$8,586$8,010$7,471$6,967$6,497$5,809
8 years$7,437$6,866$6,336$5,845$5,390$4,733
9 years$6,544$5,978$5,457$4,978$4,539$3,912
10 years$5,830$5,269$4,758$4,291$3,868$3,270
11 years$5,246$4,691$4,189$3,735$3,326$2,758
12 years$4,759$4,210$3,717$3,276$2,882$2,342
13 years$4,348$3,805$3,321$2,892$2,514$2,001
14 years$3,996$3,459$2,984$2,567$2,203$1,718
15 years$3,691$3,160$2,694$2,290$1,940$1,481
16 years$3,425$2,899$2,443$2,050$1,715$1,280
17 years$3,190$2,670$2,223$1,842$1,520$1,110
18 years$2,981$2,467$2,029$1,660$1,352$965
19 years$2,795$2,286$1,858$1,500$1,205$841
20 years$2,627$2,125$1,705$1,359$1,076$734
21 years$2,476$1,979$1,568$1,233$963$642
22 years$2,338$1,847$1,445$1,121$863$562
23 years$2,213$1,728$1,334$1,021$775$492
24 years$2,098$1,619$1,234$931$697$432
25 years$1,993$1,519$1,143$850$627$379
26 years$1,896$1,428$1,060$778$565$333
27 years$1,806$1,344$984$712$509$293
28 years$1,723$1,266$915$652$459$257
29 years$1,646$1,194$852$598$415$227
30 years$1,573$1,128$793$549$375$199
31 years$1,506$1,066$739$504$339$176
32 years$1,443$1,009$690$463$306$155
33 years$1,384$956$644$426$277$136
34 years$1,329$906$602$392$251$120
35 years$1,277$859$563$361$227$106
36 years$1,228$815$526$332$206$94
37 years$1,181$774$493$306$187$83
38 years$1,138$736$461$282$169$73
39 years$1,096$700$432$260$154$64
40 years$1,057$666$405$240$139$57
41 years$1,020$634$380$221$126$50
42 years$984$604$356$204$115$44
43 years$950$575$334$189$104$39
44 years$918$548$314$174$94$34
45 years$888$523$295$161$86$30
46 years$859$499$277$149$78$27
47 years$831$476$260$137$71$24
48 years$804$454$244$127$64$21
49 years$779$434$230$117$58$18
50 years$755$414$216$108$53$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $773,000, adding $4,325 every year, while hoping to spend $50,465 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: 51/27/22 Blend
65$773,000$773,000$773,000$773,000
66$856,307$815,338$803,357$894,525
67$889,956$801,595$776,575$907,678
68$925,346$785,488$747,204$916,451
69$962,601$766,846$715,105$924,937
70$1,001,856$745,492$680,131$933,130
71$1,043,259$721,235$642,129$941,023
72$1,086,971$693,874$600,940$948,614
73$1,133,165$663,198$556,395$955,903
74$1,182,035$628,981$508,321$962,895
75$1,233,788$590,986$456,535$969,598
76$1,288,651$548,962$400,846$976,025
77$1,346,875$502,643$341,056$982,197
78$1,408,732$451,747$276,956$988,140
79$1,474,518$395,979$208,330$993,887
80$1,544,561$335,024$134,951$999,482
81$1,619,217$268,551$56,583$1,004,979
82$1,698,877$196,209$0$1,010,440
83$1,783,969$117,630$0$1,022,295
84$1,874,962$32,423$0$1,048,871
85$1,972,371$0$0$1,077,046
86$2,076,760$0$0$1,124,787
87$2,188,748$0$0$1,186,391
88$2,309,013$0$0$1,252,605
89$2,438,301$0$0$1,323,847
90$2,577,430$0$0$1,400,575
91$2,727,299$0$0$1,483,292
92$2,888,894$0$0$1,572,552
93$3,063,299$0$0$1,668,963
94$3,251,705$0$0$1,773,192
95$3,455,421$0$0$1,885,973
96$3,675,885$0$0$2,008,113
97$3,914,680$0$0$2,140,499
98$4,173,542$0$0$2,284,106
99$4,454,385$0$0$2,440,008
100$4,759,310$0$0$2,609,384