Can I retire at age 66 with 783,000?

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 $783,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$64,659$64,083$63,522$62,973$62,438$61,683
2 years$32,010$31,413$30,836$30,276$29,732$28,973
3 years$21,128$20,529$19,953$19,398$18,863$18,123
4 years$15,688$15,091$14,520$13,975$13,453$12,737
5 years$12,425$11,832$11,268$10,734$10,227$9,537
6 years$10,250$9,661$9,107$8,584$8,092$7,430
7 years$8,697$8,114$7,568$7,058$6,581$5,947
8 years$7,533$6,955$6,418$5,920$5,460$4,853
9 years$6,629$6,055$5,528$5,043$4,598$4,018
10 years$5,905$5,338$4,819$4,347$3,918$3,365
11 years$5,314$4,752$4,243$3,783$3,369$2,843
12 years$4,821$4,265$3,765$3,318$2,920$2,420
13 years$4,404$3,854$3,364$2,930$2,546$2,071
14 years$4,048$3,503$3,023$2,601$2,232$1,781
15 years$3,739$3,200$2,729$2,319$1,965$1,539
16 years$3,469$2,936$2,474$2,077$1,737$1,333
17 years$3,231$2,704$2,252$1,866$1,540$1,159
18 years$3,020$2,499$2,055$1,682$1,369$1,010
19 years$2,831$2,316$1,882$1,519$1,220$881
20 years$2,661$2,152$1,727$1,376$1,090$771
21 years$2,508$2,005$1,588$1,249$976$675
22 years$2,369$1,871$1,464$1,136$874$592
23 years$2,242$1,750$1,352$1,034$785$520
24 years$2,125$1,640$1,250$943$706$457
25 years$2,019$1,539$1,158$861$635$403
26 years$1,920$1,446$1,074$788$572$355
27 years$1,829$1,361$997$721$516$312
28 years$1,745$1,283$927$661$465$275
29 years$1,667$1,210$863$606$420$243
30 years$1,594$1,143$803$556$380$215
31 years$1,526$1,080$749$511$343$189
32 years$1,462$1,022$699$469$310$167
33 years$1,402$968$653$431$281$148
34 years$1,346$917$610$397$254$131
35 years$1,293$870$570$365$230$116
36 years$1,244$826$533$337$209$102
37 years$1,197$784$499$310$189$90
38 years$1,152$745$467$286$172$80
39 years$1,110$709$438$264$156$71
40 years$1,070$674$410$243$141$63
41 years$1,033$642$385$224$128$55
42 years$997$611$361$207$116$49
43 years$963$583$339$191$105$43
44 years$930$555$318$176$96$38
45 years$899$529$299$163$87$34
46 years$870$505$280$150$79$30
47 years$842$482$263$139$72$27
48 years$815$460$248$128$65$24
49 years$789$439$233$119$59$21
50 years$764$420$219$110$54$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $783,000, adding $3,109 every year, while hoping to spend $28,166 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: 35/36/29 Blend
65$783,000$783,000$783,000$783,000
66$866,073$824,574$812,437$888,734
67$924,444$835,010$809,686$916,456
68$987,825$845,013$805,898$943,603
69$1,056,697$854,532$801,009$972,359
70$1,131,589$863,514$794,952$1,002,884
71$1,213,085$871,899$787,657$1,035,363
72$1,301,824$879,627$779,048$1,069,995
73$1,398,513$886,631$769,048$1,107,005
74$1,503,926$892,841$757,577$1,146,642
75$1,618,919$898,183$744,548$1,189,181
76$1,744,431$902,576$729,873$1,234,928
77$1,881,498$905,937$713,458$1,284,223
78$2,031,258$908,175$695,206$1,337,441
79$2,194,966$909,196$675,015$1,395,001
80$2,374,002$908,896$652,778$1,457,363
81$2,569,887$907,169$628,383$1,525,042
82$2,784,296$903,900$601,714$1,598,603
83$3,019,071$898,968$572,648$1,678,677
84$3,276,242$892,243$541,058$1,765,958
85$3,558,045$883,590$506,810$1,861,218
86$3,866,943$872,863$469,765$1,965,310
87$4,205,646$859,908$429,777$2,079,178
88$4,577,142$844,564$386,695$2,203,867
89$4,984,720$826,657$340,358$2,340,534
90$5,432,003$806,004$290,602$2,490,457
91$5,922,982$782,414$237,252$2,655,051
92$6,462,054$755,680$180,128$2,835,880
93$7,054,062$725,586$119,041$3,034,673
94$7,704,340$691,904$53,792$3,253,343
95$8,418,766$654,390$0$3,494,003
96$9,203,813$612,789$0$3,763,890
97$10,066,615$566,828$0$4,078,767
98$11,015,029$516,222$0$4,424,893
99$12,057,712$460,667$0$4,805,492
100$13,204,202$399,843$0$5,224,121