Can I retire at age 66 with 785,000?

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 $785,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.6%
1 years$64,825$64,247$63,684$63,134$62,597$60,424
2 years$32,091$31,494$30,914$30,353$29,808$27,641
3 years$21,182$20,581$20,004$19,447$18,911$16,819
4 years$15,728$15,130$14,558$14,011$13,488$11,486
5 years$12,457$11,862$11,297$10,762$10,253$8,347
6 years$10,276$9,686$9,130$8,606$8,113$6,303
7 years$8,720$8,134$7,587$7,076$6,598$4,885
8 years$7,553$6,973$6,434$5,936$5,474$3,856
9 years$6,646$6,071$5,542$5,056$4,610$3,085
10 years$5,920$5,351$4,832$4,358$3,928$2,494
11 years$5,327$4,764$4,254$3,793$3,378$2,032
12 years$4,833$4,276$3,775$3,327$2,927$1,666
13 years$4,416$3,864$3,373$2,937$2,553$1,373
14 years$4,058$3,512$3,030$2,607$2,238$1,136
15 years$3,749$3,209$2,736$2,325$1,970$943
16 years$3,478$2,944$2,481$2,082$1,741$785
17 years$3,239$2,711$2,257$1,871$1,544$654
18 years$3,027$2,505$2,061$1,686$1,373$547
19 years$2,838$2,322$1,886$1,523$1,224$458
20 years$2,668$2,158$1,731$1,380$1,093$383
21 years$2,514$2,010$1,592$1,252$978$322
22 years$2,375$1,876$1,468$1,138$877$270
23 years$2,247$1,755$1,355$1,037$787$227
24 years$2,131$1,644$1,253$946$707$191
25 years$2,024$1,543$1,161$864$636$160
26 years$1,925$1,450$1,077$790$573$135
27 years$1,834$1,365$1,000$723$517$113
28 years$1,750$1,286$929$662$466$96
29 years$1,671$1,213$865$607$421$80
30 years$1,598$1,146$806$557$381$68
31 years$1,530$1,083$751$512$344$57
32 years$1,466$1,025$701$470$311$48
33 years$1,406$970$654$433$282$41
34 years$1,350$920$611$398$255$34
35 years$1,297$872$571$366$231$29
36 years$1,247$828$535$337$209$24
37 years$1,200$786$500$311$190$20
38 years$1,155$747$469$287$172$17
39 years$1,113$711$439$264$156$15
40 years$1,073$676$411$244$141$12
41 years$1,035$644$386$225$128$10
42 years$999$613$362$208$116$9
43 years$965$584$340$192$106$7
44 years$933$557$319$177$96$6
45 years$902$531$299$163$87$5
46 years$872$506$281$151$79$4
47 years$844$483$264$139$72$4
48 years$817$461$248$129$65$3
49 years$791$441$233$119$59$3
50 years$766$421$219$110$54$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $785,000, adding $5,344 every year, while hoping to spend $57,830 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: 77/5/18 Blend
65$785,000$785,000$785,000$785,000
66$870,582$828,977$816,810$933,675
67$897,851$808,067$782,642$955,195
68$925,963$784,193$745,392$971,036
69$954,943$757,150$704,894$986,848
70$984,817$726,720$660,978$1,002,611
71$1,015,611$692,672$613,463$1,018,301
72$1,047,351$654,761$562,162$1,033,893
73$1,080,066$612,729$506,880$1,049,361
74$1,113,783$566,303$447,410$1,064,676
75$1,148,530$515,194$383,541$1,079,808
76$1,184,339$459,096$315,047$1,094,725
77$1,221,237$397,688$241,697$1,109,391
78$1,259,256$330,627$163,247$1,123,770
79$1,298,426$257,555$79,442$1,137,823
80$1,338,780$178,089$0$1,151,506
81$1,380,349$91,829$0$1,166,694
82$1,423,167$0$0$1,197,827
83$1,467,265$0$0$1,229,726
84$1,512,678$0$0$1,267,778
85$1,559,439$0$0$1,306,960
86$1,607,583$0$0$1,347,298
87$1,657,143$0$0$1,388,823
88$1,708,154$0$0$1,431,562
89$1,760,651$0$0$1,475,545
90$1,814,668$0$0$1,520,800
91$1,870,239$0$0$1,567,355
92$1,927,399$0$0$1,615,239
93$1,986,180$0$0$1,664,480
94$2,046,616$0$0$1,715,104
95$2,108,738$0$0$1,767,139
96$2,172,578$0$0$1,820,611
97$2,238,165$0$0$1,875,542
98$2,305,527$0$0$1,931,958
99$2,374,692$0$0$1,989,878
100$2,445,681$0$0$2,049,324