Can I retire at age 66 with 778,000?

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 $778,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.4%
1 years$64,247$63,674$63,116$62,571$62,039$59,933
2 years$31,805$31,213$30,639$30,082$29,542$27,442
3 years$20,993$20,398$19,825$19,274$18,743$16,714
4 years$15,588$14,995$14,428$13,886$13,368$11,425
5 years$12,346$11,756$11,197$10,666$10,162$8,312
6 years$10,185$9,600$9,048$8,529$8,041$6,284
7 years$8,642$8,062$7,519$7,012$6,539$4,876
8 years$7,485$6,910$6,377$5,883$5,425$3,853
9 years$6,586$6,017$5,492$5,011$4,569$3,087
10 years$5,867$5,303$4,788$4,319$3,893$2,498
11 years$5,280$4,721$4,216$3,759$3,348$2,038
12 years$4,790$4,238$3,741$3,297$2,901$1,673
13 years$4,376$3,830$3,343$2,911$2,530$1,381
14 years$4,022$3,481$3,003$2,584$2,218$1,144
15 years$3,715$3,180$2,712$2,304$1,953$951
16 years$3,447$2,918$2,458$2,063$1,726$792
17 years$3,210$2,687$2,237$1,854$1,530$662
18 years$3,000$2,483$2,042$1,671$1,361$554
19 years$2,813$2,301$1,870$1,510$1,213$464
20 years$2,644$2,138$1,716$1,367$1,083$390
21 years$2,492$1,992$1,578$1,241$969$327
22 years$2,353$1,859$1,455$1,128$869$275
23 years$2,227$1,739$1,343$1,028$780$231
24 years$2,112$1,629$1,242$937$701$195
25 years$2,006$1,529$1,150$856$631$164
26 years$1,908$1,437$1,067$783$568$138
27 years$1,818$1,352$991$716$512$117
28 years$1,734$1,274$921$656$462$98
29 years$1,656$1,202$857$602$417$83
30 years$1,584$1,135$798$552$377$70
31 years$1,516$1,073$744$507$341$59
32 years$1,453$1,016$694$466$308$50
33 years$1,393$962$648$429$279$42
34 years$1,338$911$606$394$253$35
35 years$1,285$865$566$363$229$30
36 years$1,236$821$530$334$207$25
37 years$1,189$779$496$308$188$21
38 years$1,145$741$464$284$170$18
39 years$1,103$704$435$262$155$15
40 years$1,064$670$408$242$140$13
41 years$1,026$638$382$223$127$11
42 years$991$607$359$206$115$9
43 years$957$579$337$190$105$8
44 years$924$552$316$175$95$7
45 years$894$526$297$162$86$6
46 years$864$502$279$150$78$5
47 years$836$479$262$138$71$4
48 years$810$457$246$128$65$3
49 years$784$437$231$118$59$3
50 years$760$417$217$109$53$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $778,000, adding $4,395 every year, while hoping to spend $32,377 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: 75/10/15 Blend
65$778,000$778,000$778,000$778,000
66$861,889$820,655$808,596$923,399
67$915,353$826,419$801,236$970,420
68$973,185$831,379$792,543$1,017,484
69$1,035,797$835,463$782,440$1,068,192
70$1,103,640$838,593$770,844$1,122,895
71$1,177,213$840,685$757,668$1,181,982
72$1,257,061$841,652$742,823$1,245,883
73$1,343,787$841,398$726,213$1,315,070
74$1,438,051$839,825$707,739$1,390,064
75$1,540,583$836,827$687,299$1,471,439
76$1,652,182$832,291$664,783$1,559,829
77$1,773,729$826,098$640,078$1,655,933
78$1,906,195$818,122$613,066$1,760,519
79$2,050,646$808,229$583,622$1,874,437
80$2,208,256$796,276$551,618$1,998,623
81$2,380,319$782,114$516,918$2,134,108
82$2,568,256$765,583$479,380$2,282,030
83$2,773,636$746,514$438,856$2,443,643
84$2,998,182$724,729$395,193$2,620,330
85$3,243,793$700,037$348,229$2,813,616
86$3,512,560$672,239$297,794$3,025,181
87$3,806,785$641,123$243,715$3,256,880
88$4,129,004$606,464$185,805$3,510,754
89$4,482,007$568,025$123,875$3,789,059
90$4,868,870$525,557$57,723$4,094,276
91$5,292,978$478,793$0$4,429,145
92$5,758,061$427,453$0$4,798,746
93$6,268,226$371,241$0$5,214,339
94$6,827,998$309,844$0$5,670,383
95$7,442,359$242,932$0$6,170,962
96$8,116,799$170,156$0$6,720,575
97$8,857,365$91,145$0$7,324,181
98$9,670,717$5,512$0$7,987,245
99$10,564,193$0$0$8,715,787
100$11,545,876$0$0$9,526,034