Can I retire at age 66 with 783,000?

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 $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%14.9%
1 years$64,659$64,083$63,522$62,973$62,438$61,177
2 years$32,010$31,413$30,836$30,276$29,732$28,468
3 years$21,128$20,529$19,953$19,398$18,863$17,634
4 years$15,688$15,091$14,520$13,975$13,453$12,269
5 years$12,425$11,832$11,268$10,734$10,227$9,091
6 years$10,250$9,661$9,107$8,584$8,092$7,006
7 years$8,697$8,114$7,568$7,058$6,581$5,545
8 years$7,533$6,955$6,418$5,920$5,460$4,473
9 years$6,629$6,055$5,528$5,043$4,598$3,660
10 years$5,905$5,338$4,819$4,347$3,918$3,028
11 years$5,314$4,752$4,243$3,783$3,369$2,526
12 years$4,821$4,265$3,765$3,318$2,920$2,122
13 years$4,404$3,854$3,364$2,930$2,546$1,793
14 years$4,048$3,503$3,023$2,601$2,232$1,522
15 years$3,739$3,200$2,729$2,319$1,965$1,296
16 years$3,469$2,936$2,474$2,077$1,737$1,108
17 years$3,231$2,704$2,252$1,866$1,540$949
18 years$3,020$2,499$2,055$1,682$1,369$815
19 years$2,831$2,316$1,882$1,519$1,220$701
20 years$2,661$2,152$1,727$1,376$1,090$604
21 years$2,508$2,005$1,588$1,249$976$521
22 years$2,369$1,871$1,464$1,136$874$450
23 years$2,242$1,750$1,352$1,034$785$390
24 years$2,125$1,640$1,250$943$706$337
25 years$2,019$1,539$1,158$861$635$292
26 years$1,920$1,446$1,074$788$572$253
27 years$1,829$1,361$997$721$516$220
28 years$1,745$1,283$927$661$465$190
29 years$1,667$1,210$863$606$420$165
30 years$1,594$1,143$803$556$380$144
31 years$1,526$1,080$749$511$343$125
32 years$1,462$1,022$699$469$310$108
33 years$1,402$968$653$431$281$94
34 years$1,346$917$610$397$254$82
35 years$1,293$870$570$365$230$71
36 years$1,244$826$533$337$209$62
37 years$1,197$784$499$310$189$54
38 years$1,152$745$467$286$172$47
39 years$1,110$709$438$264$156$41
40 years$1,070$674$410$243$141$35
41 years$1,033$642$385$224$128$31
42 years$997$611$361$207$116$27
43 years$963$583$339$191$105$23
44 years$930$555$318$176$96$20
45 years$899$529$299$163$87$18
46 years$870$505$280$150$79$15
47 years$842$482$263$139$72$13
48 years$815$460$248$128$65$12
49 years$789$439$233$119$59$10
50 years$764$420$219$110$54$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $783,000, adding $6,564 every year, while hoping to spend $40,524 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: 76/19/5 Blend
65$783,000$783,000$783,000$783,000
66$869,637$828,138$816,001$934,962
67$915,222$825,599$800,220$976,235
68$964,100$821,578$782,552$1,015,576
69$1,016,562$815,959$762,891$1,057,502
70$1,072,929$808,620$741,127$1,102,252
71$1,133,556$799,430$717,142$1,150,089
72$1,198,829$788,252$690,817$1,201,304
73$1,269,174$774,941$662,023$1,256,219
74$1,345,058$759,341$630,629$1,315,186
75$1,426,995$741,290$596,496$1,378,598
76$1,515,548$720,613$559,479$1,446,883
77$1,611,339$697,128$519,426$1,520,518
78$1,715,048$670,640$476,180$1,600,026
79$1,827,425$640,943$429,574$1,685,986
80$1,949,294$607,821$379,436$1,779,036
81$2,081,561$571,043$325,586$1,879,879
82$2,225,222$530,367$267,836$1,989,293
83$2,381,375$485,534$205,988$2,108,133
84$2,551,224$436,274$139,837$2,237,346
85$2,736,096$382,299$69,169$2,377,975
86$2,937,452$323,306$0$2,531,169
87$3,156,898$258,974$0$2,698,534
88$3,396,201$188,963$0$2,885,095
89$3,657,309$112,918$0$3,088,717
90$3,942,362$30,459$0$3,311,119
91$4,253,720$0$0$3,554,196
92$4,593,976$0$0$3,832,335
93$4,965,990$0$0$4,143,425
94$5,372,907$0$0$4,483,732
95$5,818,192$0$0$4,856,157
96$6,305,659$0$0$5,263,894
97$6,839,509$0$0$5,710,462
98$7,424,368$0$0$6,199,734
99$8,065,330$0$0$6,735,975
100$8,768,007$0$0$7,323,885