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%13.3%
1 years$64,247$63,674$63,116$62,571$62,039$61,188
2 years$31,805$31,213$30,639$30,082$29,542$28,686
3 years$20,993$20,398$19,825$19,274$18,743$17,908
4 years$15,588$14,995$14,428$13,886$13,368$12,561
5 years$12,346$11,756$11,197$10,666$10,162$9,386
6 years$10,185$9,600$9,048$8,529$8,041$7,296
7 years$8,642$8,062$7,519$7,012$6,539$5,827
8 years$7,485$6,910$6,377$5,883$5,425$4,744
9 years$6,586$6,017$5,492$5,011$4,569$3,919
10 years$5,867$5,303$4,788$4,319$3,893$3,274
11 years$5,280$4,721$4,216$3,759$3,348$2,759
12 years$4,790$4,238$3,741$3,297$2,901$2,342
13 years$4,376$3,830$3,343$2,911$2,530$2,000
14 years$4,022$3,481$3,003$2,584$2,218$1,715
15 years$3,715$3,180$2,712$2,304$1,953$1,477
16 years$3,447$2,918$2,458$2,063$1,726$1,277
17 years$3,210$2,687$2,237$1,854$1,530$1,107
18 years$3,000$2,483$2,042$1,671$1,361$961
19 years$2,813$2,301$1,870$1,510$1,213$837
20 years$2,644$2,138$1,716$1,367$1,083$730
21 years$2,492$1,992$1,578$1,241$969$637
22 years$2,353$1,859$1,455$1,128$869$557
23 years$2,227$1,739$1,343$1,028$780$488
24 years$2,112$1,629$1,242$937$701$428
25 years$2,006$1,529$1,150$856$631$375
26 years$1,908$1,437$1,067$783$568$329
27 years$1,818$1,352$991$716$512$289
28 years$1,734$1,274$921$656$462$254
29 years$1,656$1,202$857$602$417$224
30 years$1,584$1,135$798$552$377$197
31 years$1,516$1,073$744$507$341$173
32 years$1,453$1,016$694$466$308$152
33 years$1,393$962$648$429$279$134
34 years$1,338$911$606$394$253$118
35 years$1,285$865$566$363$229$104
36 years$1,236$821$530$334$207$92
37 years$1,189$779$496$308$188$81
38 years$1,145$741$464$284$170$71
39 years$1,103$704$435$262$155$63
40 years$1,064$670$408$242$140$55
41 years$1,026$638$382$223$127$49
42 years$991$607$359$206$115$43
43 years$957$579$337$190$105$38
44 years$924$552$316$175$95$34
45 years$894$526$297$162$86$30
46 years$864$502$279$150$78$26
47 years$836$479$262$138$71$23
48 years$810$457$246$128$65$20
49 years$784$437$231$118$59$18
50 years$760$417$217$109$53$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $778,000, adding $4,731 every year, while hoping to spend $24,429 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: 37/36/27 Blend
65$778,000$778,000$778,000$778,000
66$862,236$821,002$808,943$887,028
67$924,192$835,239$810,050$919,965
68$991,648$849,355$810,376$952,944
69$1,065,141$863,317$809,868$988,095
70$1,145,259$877,093$808,472$1,025,631
71$1,232,650$890,645$806,130$1,065,786
72$1,328,028$903,935$802,784$1,108,820
73$1,432,178$916,919$798,368$1,155,020
74$1,545,966$929,554$792,819$1,204,702
75$1,670,343$941,790$786,067$1,258,217
76$1,806,356$953,577$778,039$1,315,954
77$1,955,161$964,859$768,660$1,378,341
78$2,118,028$975,577$757,850$1,445,851
79$2,296,355$985,668$745,526$1,519,009
80$2,491,684$995,067$731,602$1,598,392
81$2,705,711$1,003,700$715,986$1,684,641
82$2,940,304$1,011,493$698,583$1,778,462
83$3,197,523$1,018,363$679,293$1,880,636
84$3,479,633$1,024,226$658,012$1,992,026
85$3,789,131$1,028,988$634,630$2,113,584
86$4,128,767$1,032,553$609,035$2,246,364
87$4,501,570$1,034,817$581,107$2,391,527
88$4,910,876$1,035,669$550,720$2,550,358
89$5,360,361$1,034,993$517,745$2,724,276
90$5,854,074$1,032,663$482,045$2,914,845
91$6,396,475$1,028,549$443,479$3,123,795
92$6,992,477$1,022,509$401,897$3,353,036
93$7,647,493$1,014,396$357,144$3,604,675
94$8,367,487$1,004,052$309,058$3,881,039
95$9,159,030$991,308$257,470$4,184,697
96$10,029,358$975,990$202,203$4,518,483
97$10,986,447$957,908$143,071$4,885,527
98$12,039,083$936,864$79,883$5,289,284
99$13,196,947$912,647$12,436$5,733,563
100$14,470,703$885,035$0$6,222,572