Can I retire at age 66 with 781,000?

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 $781,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.1%
1 years$64,494$63,920$63,359$62,812$62,278$59,997
2 years$31,928$31,333$30,757$30,198$29,656$27,383
3 years$21,074$20,477$19,902$19,348$18,815$16,622
4 years$15,648$15,052$14,483$13,939$13,419$11,323
5 years$12,393$11,801$11,240$10,707$10,201$8,206
6 years$10,224$9,637$9,083$8,562$8,072$6,181
7 years$8,675$8,093$7,548$7,040$6,564$4,776
8 years$7,514$6,937$6,402$5,905$5,446$3,759
9 years$6,612$6,040$5,514$5,030$4,586$2,998
10 years$5,890$5,324$4,807$4,336$3,908$2,416
11 years$5,300$4,740$4,232$3,774$3,361$1,962
12 years$4,809$4,254$3,756$3,310$2,912$1,604
13 years$4,393$3,844$3,356$2,922$2,540$1,317
14 years$4,037$3,494$3,015$2,594$2,226$1,086
15 years$3,729$3,192$2,722$2,313$1,960$898
16 years$3,460$2,929$2,468$2,071$1,732$745
17 years$3,223$2,697$2,246$1,861$1,536$619
18 years$3,012$2,492$2,050$1,677$1,366$515
19 years$2,824$2,310$1,877$1,516$1,217$429
20 years$2,654$2,147$1,722$1,373$1,087$358
21 years$2,501$1,999$1,584$1,246$973$299
22 years$2,363$1,866$1,460$1,133$872$250
23 years$2,236$1,746$1,348$1,032$783$209
24 years$2,120$1,636$1,247$941$704$175
25 years$2,014$1,535$1,155$859$633$147
26 years$1,915$1,443$1,071$786$570$123
27 years$1,825$1,358$995$719$514$103
28 years$1,741$1,279$925$659$464$86
29 years$1,663$1,207$860$604$419$73
30 years$1,590$1,140$801$554$379$61
31 years$1,522$1,077$747$509$342$51
32 years$1,458$1,019$697$468$310$43
33 years$1,399$965$651$430$280$36
34 years$1,343$915$608$396$254$30
35 years$1,290$868$569$365$230$25
36 years$1,240$824$532$336$208$21
37 years$1,194$782$498$309$189$18
38 years$1,149$744$466$285$171$15
39 years$1,107$707$437$263$155$13
40 years$1,068$673$409$242$141$11
41 years$1,030$640$384$224$128$9
42 years$994$610$360$206$116$7
43 years$960$581$338$191$105$6
44 years$928$554$317$176$95$5
45 years$897$528$298$163$87$4
46 years$868$504$280$150$79$4
47 years$840$481$263$139$71$3
48 years$813$459$247$128$65$3
49 years$787$438$232$118$59$2
50 years$763$419$218$109$54$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $781,000, adding $2,204 every year, while hoping to spend $29,165 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: 39/39/22 Blend
65$781,000$781,000$781,000$781,000
66$862,935$821,542$809,437$890,865
67$919,924$830,767$805,522$920,447
68$981,747$839,465$800,498$949,499
69$1,048,868$847,582$794,297$980,324
70$1,121,795$855,057$786,849$1,013,100
71$1,201,089$861,824$778,079$1,048,024
72$1,287,363$867,817$767,908$1,085,316
73$1,381,296$872,962$756,255$1,125,217
74$1,483,633$877,182$743,034$1,167,998
75$1,595,194$880,394$728,156$1,213,956
76$1,716,881$882,511$711,526$1,263,423
77$1,849,688$883,439$693,048$1,316,764
78$1,994,708$883,080$672,617$1,374,387
79$2,153,146$881,328$650,127$1,436,742
80$2,326,326$878,072$625,465$1,504,326
81$2,515,707$873,194$598,515$1,577,691
82$2,722,896$866,568$569,152$1,657,450
83$2,949,663$858,060$537,250$1,744,279
84$3,197,953$847,530$502,673$1,838,926
85$3,469,914$834,828$465,281$1,942,221
86$3,767,906$819,796$424,929$2,055,080
87$4,094,531$802,265$381,463$2,178,519
88$4,452,654$782,057$334,723$2,313,659
89$4,845,431$758,984$284,543$2,461,742
90$5,276,338$732,847$230,747$2,624,140
91$5,749,202$703,434$173,155$2,802,372
92$6,268,241$670,522$111,576$2,998,115
93$6,838,099$633,875$45,811$3,213,224
94$7,463,893$593,243$0$3,449,748
95$8,151,260$548,362$0$3,715,675
96$8,906,409$498,952$0$4,019,633
97$9,736,180$444,718$0$4,353,678
98$10,648,109$385,349$0$4,720,919
99$11,650,499$320,513$0$5,124,789
100$12,752,496$249,864$0$5,569,077