Can I retire at age 66 with 782,000?

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 $782,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.9%
1 years$64,577$64,002$63,440$62,893$62,358$59,884
2 years$31,969$31,373$30,796$30,237$29,694$27,232
3 years$21,101$20,503$19,927$19,373$18,839$16,467
4 years$15,668$15,072$14,502$13,957$13,436$11,172
5 years$12,409$11,816$11,254$10,720$10,214$8,063
6 years$10,237$9,649$9,095$8,573$8,082$6,046
7 years$8,686$8,103$7,558$7,049$6,573$4,651
8 years$7,524$6,946$6,410$5,913$5,453$3,643
9 years$6,620$6,048$5,521$5,036$4,592$2,892
10 years$5,898$5,331$4,813$4,341$3,913$2,318
11 years$5,307$4,746$4,237$3,778$3,365$1,873
12 years$4,815$4,259$3,761$3,314$2,916$1,522
13 years$4,399$3,849$3,360$2,926$2,543$1,243
14 years$4,043$3,499$3,019$2,597$2,229$1,019
15 years$3,734$3,196$2,726$2,316$1,963$838
16 years$3,465$2,933$2,471$2,074$1,735$691
17 years$3,227$2,701$2,249$1,863$1,538$571
18 years$3,016$2,496$2,053$1,679$1,368$472
19 years$2,827$2,313$1,879$1,517$1,219$391
20 years$2,658$2,149$1,725$1,374$1,089$325
21 years$2,505$2,002$1,586$1,247$974$270
22 years$2,366$1,869$1,462$1,134$873$224
23 years$2,239$1,748$1,350$1,033$784$186
24 years$2,123$1,638$1,248$942$705$155
25 years$2,016$1,537$1,156$860$634$129
26 years$1,918$1,444$1,072$787$571$107
27 years$1,827$1,359$996$720$515$89
28 years$1,743$1,281$926$660$465$74
29 years$1,665$1,208$861$605$420$62
30 years$1,592$1,141$802$555$379$52
31 years$1,524$1,079$748$510$343$43
32 years$1,460$1,021$698$469$310$36
33 years$1,400$967$652$431$281$30
34 years$1,344$916$609$396$254$25
35 years$1,292$869$569$365$230$21
36 years$1,242$825$533$336$208$17
37 years$1,195$783$498$310$189$14
38 years$1,151$744$467$285$171$12
39 years$1,109$708$437$263$155$10
40 years$1,069$674$410$243$141$8
41 years$1,031$641$384$224$128$7
42 years$996$611$361$207$116$6
43 years$962$582$338$191$105$5
44 years$929$555$318$176$96$4
45 years$898$529$298$163$87$3
46 years$869$504$280$150$79$3
47 years$841$481$263$139$72$2
48 years$814$460$247$128$65$2
49 years$788$439$232$119$59$2
50 years$764$419$219$110$54$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $782,000, adding $3,706 every year, while hoping to spend $45,444 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: 25/45/30 Blend
65$782,000$782,000$782,000$782,000
66$865,587$824,141$812,020$879,051
67$905,525$816,172$790,870$882,740
68$948,013$806,289$767,489$882,619
69$993,264$794,351$741,754$881,562
70$1,041,510$780,207$713,536$879,521
71$1,093,006$763,699$682,701$876,452
72$1,148,030$744,658$649,109$872,306
73$1,206,888$722,905$612,613$867,040
74$1,269,914$698,251$573,060$860,608
75$1,337,477$670,497$530,289$852,969
76$1,409,980$639,431$484,133$844,080
77$1,487,864$604,830$434,418$833,906
78$1,571,616$566,456$380,961$822,410
79$1,661,767$524,059$323,570$809,563
80$1,758,905$477,375$262,047$795,339
81$1,863,671$426,125$196,183$779,719
82$1,976,772$370,011$125,762$762,692
83$2,098,984$308,723$50,556$744,252
84$2,231,160$241,930$0$724,407
85$2,374,238$169,284$0$712,681
86$2,529,247$90,416$0$717,484
87$2,697,322$4,938$0$722,746
88$2,879,709$0$0$728,615
89$3,077,777$0$0$778,621
90$3,293,036$0$0$835,741
91$3,527,142$0$0$897,986
92$3,781,921$0$0$965,854
93$4,059,380$0$0$1,039,898
94$4,361,729$0$0$1,120,724
95$4,691,398$0$0$1,208,998
96$5,051,065$0$0$1,305,457
97$5,443,673$0$0$1,410,908
98$5,872,465$0$0$1,526,242
99$6,341,011$0$0$1,652,440
100$6,853,239$0$0$1,790,582