Can I retire at age 66 with 773,000?

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 $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%16.1%
1 years$63,834$63,265$62,710$62,169$61,640$60,101
2 years$31,601$31,012$30,442$29,889$29,352$27,812
3 years$20,858$20,267$19,698$19,150$18,622$17,128
4 years$15,488$14,898$14,335$13,797$13,282$11,845
5 years$12,266$11,680$11,125$10,597$10,096$8,722
6 years$10,119$9,538$8,990$8,475$7,989$6,678
7 years$8,586$8,010$7,471$6,967$6,497$5,249
8 years$7,437$6,866$6,336$5,845$5,390$4,205
9 years$6,544$5,978$5,457$4,978$4,539$3,416
10 years$5,830$5,269$4,758$4,291$3,868$2,805
11 years$5,246$4,691$4,189$3,735$3,326$2,323
12 years$4,759$4,210$3,717$3,276$2,882$1,936
13 years$4,348$3,805$3,321$2,892$2,514$1,623
14 years$3,996$3,459$2,984$2,567$2,203$1,366
15 years$3,691$3,160$2,694$2,290$1,940$1,154
16 years$3,425$2,899$2,443$2,050$1,715$978
17 years$3,190$2,670$2,223$1,842$1,520$830
18 years$2,981$2,467$2,029$1,660$1,352$707
19 years$2,795$2,286$1,858$1,500$1,205$603
20 years$2,627$2,125$1,705$1,359$1,076$515
21 years$2,476$1,979$1,568$1,233$963$440
22 years$2,338$1,847$1,445$1,121$863$377
23 years$2,213$1,728$1,334$1,021$775$323
24 years$2,098$1,619$1,234$931$697$277
25 years$1,993$1,519$1,143$850$627$237
26 years$1,896$1,428$1,060$778$565$204
27 years$1,806$1,344$984$712$509$175
28 years$1,723$1,266$915$652$459$150
29 years$1,646$1,194$852$598$415$129
30 years$1,573$1,128$793$549$375$111
31 years$1,506$1,066$739$504$339$96
32 years$1,443$1,009$690$463$306$82
33 years$1,384$956$644$426$277$71
34 years$1,329$906$602$392$251$61
35 years$1,277$859$563$361$227$52
36 years$1,228$815$526$332$206$45
37 years$1,181$774$493$306$187$39
38 years$1,138$736$461$282$169$33
39 years$1,096$700$432$260$154$29
40 years$1,057$666$405$240$139$25
41 years$1,020$634$380$221$126$21
42 years$984$604$356$204$115$18
43 years$950$575$334$189$104$16
44 years$918$548$314$174$94$14
45 years$888$523$295$161$86$12
46 years$859$499$277$149$78$10
47 years$831$476$260$137$71$9
48 years$804$454$244$127$64$7
49 years$779$434$230$117$58$6
50 years$755$414$216$108$53$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $773,000, adding $4,784 every year, while hoping to spend $49,281 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: 57/19/24 Blend
65$773,000$773,000$773,000$773,000
66$856,781$815,812$803,830$899,787
67$891,738$803,352$778,324$917,266
68$928,609$788,630$750,311$930,668
69$967,537$771,483$719,657$944,228
70$1,008,678$751,738$686,218$957,974
71$1,052,203$729,213$649,846$971,939
72$1,098,298$703,714$610,386$986,165
73$1,147,166$675,038$567,675$1,000,696
74$1,199,028$642,966$521,544$1,015,589
75$1,254,129$607,271$471,815$1,030,906
76$1,312,733$567,710$418,304$1,046,719
77$1,375,131$524,027$360,817$1,063,113
78$1,441,641$475,952$299,151$1,080,183
79$1,512,612$423,197$233,096$1,098,040
80$1,588,426$365,461$162,432$1,116,808
81$1,669,501$302,424$86,929$1,136,629
82$1,756,296$233,749$6,347$1,157,666
83$1,849,314$159,078$0$1,180,100
84$1,949,106$78,036$0$1,224,536
85$2,056,280$0$0$1,273,871
86$2,171,498$0$0$1,328,856
87$2,295,491$0$0$1,405,634
88$2,429,061$0$0$1,488,392
89$2,573,086$0$0$1,577,682
90$2,728,534$0$0$1,674,110
91$2,896,468$0$0$1,778,342
92$3,078,053$0$0$1,891,111
93$3,274,574$0$0$2,013,220
94$3,487,441$0$0$2,145,554
95$3,718,204$0$0$2,289,087
96$3,968,569$0$0$2,444,887
97$4,240,411$0$0$2,614,132
98$4,535,793$0$0$2,798,116
99$4,856,984$0$0$2,998,263
100$5,206,480$0$0$3,216,138