Can I retire at age 66 with 774,000?

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 $774,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.1%
1 years$63,916$63,347$62,791$62,249$61,720$59,936
2 years$31,642$31,052$30,481$29,928$29,390$27,608
3 years$20,885$20,293$19,723$19,175$18,646$16,920
4 years$15,508$14,918$14,354$13,814$13,299$11,643
5 years$12,282$11,696$11,139$10,611$10,110$8,528
6 years$10,132$9,550$9,002$8,486$7,999$6,494
7 years$8,597$8,020$7,481$6,976$6,506$5,076
8 years$7,447$6,875$6,344$5,852$5,397$4,042
9 years$6,552$5,986$5,464$4,985$4,545$3,264
10 years$5,837$5,276$4,764$4,297$3,873$2,663
11 years$5,253$4,697$4,194$3,740$3,331$2,191
12 years$4,766$4,216$3,722$3,280$2,886$1,815
13 years$4,354$3,810$3,325$2,896$2,517$1,511
14 years$4,001$3,463$2,988$2,571$2,206$1,263
15 years$3,696$3,164$2,698$2,293$1,943$1,059
16 years$3,429$2,903$2,446$2,053$1,717$891
17 years$3,194$2,673$2,226$1,844$1,522$752
18 years$2,985$2,470$2,032$1,662$1,354$635
19 years$2,798$2,289$1,860$1,502$1,206$537
20 years$2,631$2,127$1,707$1,360$1,078$455
21 years$2,479$1,981$1,570$1,235$964$386
22 years$2,341$1,850$1,447$1,122$864$328
23 years$2,216$1,730$1,336$1,022$776$279
24 years$2,101$1,621$1,236$932$697$237
25 years$1,995$1,521$1,144$851$628$202
26 years$1,898$1,430$1,061$779$565$172
27 years$1,808$1,345$986$713$510$146
28 years$1,725$1,268$916$653$460$125
29 years$1,648$1,196$853$599$415$106
30 years$1,576$1,129$794$550$375$91
31 years$1,508$1,068$740$505$339$77
32 years$1,445$1,010$691$464$307$66
33 years$1,386$957$645$427$278$56
34 years$1,331$907$603$392$251$48
35 years$1,278$860$563$361$228$41
36 years$1,229$816$527$333$206$35
37 years$1,183$775$493$307$187$30
38 years$1,139$737$462$283$170$26
39 years$1,098$701$433$261$154$22
40 years$1,058$667$406$240$139$19
41 years$1,021$635$380$222$127$16
42 years$985$604$357$205$115$14
43 years$952$576$335$189$104$12
44 years$920$549$314$174$95$10
45 years$889$523$295$161$86$8
46 years$860$499$277$149$78$7
47 years$832$476$260$137$71$6
48 years$805$455$245$127$64$5
49 years$780$434$230$117$58$4
50 years$756$415$216$108$53$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $774,000, adding $2,139 every year, while hoping to spend $58,838 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: 66/26/8 Blend
65$774,000$774,000$774,000$774,000
66$855,154$814,132$802,135$910,155
67$879,777$791,422$766,404$924,278
68$904,939$765,626$727,503$932,490
69$930,634$736,533$685,265$939,919
70$956,851$703,915$639,514$946,482
71$983,578$667,535$590,066$952,090
72$1,010,798$627,140$536,729$956,645
73$1,038,493$582,463$479,302$960,045
74$1,066,637$533,221$417,577$962,178
75$1,095,201$479,117$351,333$962,923
76$1,124,152$419,834$280,343$962,150
77$1,153,449$355,039$204,368$959,720
78$1,183,045$284,380$123,158$955,482
79$1,212,886$207,485$36,454$949,275
80$1,242,909$123,961$0$940,922
81$1,273,044$33,393$0$935,024
82$1,303,208$0$0$930,221
83$1,333,309$0$0$941,704
84$1,363,242$0$0$962,591
85$1,392,886$0$0$983,241
86$1,422,107$0$0$1,003,555
87$1,450,755$0$0$1,023,421
88$1,478,658$0$0$1,042,715
89$1,505,624$0$0$1,061,297
90$1,531,439$0$0$1,079,009
91$1,555,864$0$0$1,095,676
92$1,578,628$0$0$1,111,101
93$1,599,433$0$0$1,125,065
94$1,617,942$0$0$1,137,323
95$1,633,784$0$0$1,147,603
96$1,646,542$0$0$1,155,601
97$1,655,754$0$0$1,160,979
98$1,660,906$0$0$1,163,363
99$1,661,425$0$0$1,162,334
100$1,656,677$0$0$1,157,430