Can I retire at age 66 with 786,000?

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 $786,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$64,907$64,329$63,765$63,214$62,677$62,230
2 years$32,132$31,534$30,954$30,392$29,846$29,395
3 years$21,209$20,608$20,029$19,472$18,936$18,495
4 years$15,748$15,149$14,576$14,029$13,505$13,078
5 years$12,472$11,877$11,312$10,775$10,266$9,854
6 years$10,289$9,698$9,142$8,617$8,123$7,727
7 years$8,731$8,145$7,597$7,085$6,606$6,225
8 years$7,562$6,981$6,443$5,943$5,481$5,115
9 years$6,654$6,079$5,549$5,062$4,616$4,265
10 years$5,928$5,358$4,838$4,364$3,933$3,598
11 years$5,334$4,770$4,259$3,798$3,382$3,063
12 years$4,839$4,281$3,780$3,331$2,931$2,626
13 years$4,421$3,869$3,377$2,941$2,556$2,265
14 years$4,063$3,517$3,034$2,611$2,240$1,964
15 years$3,753$3,213$2,740$2,328$1,973$1,710
16 years$3,482$2,948$2,484$2,085$1,743$1,494
17 years$3,243$2,715$2,260$1,873$1,546$1,310
18 years$3,031$2,508$2,063$1,688$1,375$1,151
19 years$2,842$2,325$1,889$1,525$1,225$1,013
20 years$2,671$2,160$1,733$1,381$1,094$894
21 years$2,517$2,012$1,594$1,254$979$790
22 years$2,378$1,878$1,469$1,140$878$700
23 years$2,250$1,757$1,357$1,038$788$620
24 years$2,134$1,646$1,255$947$708$550
25 years$2,026$1,545$1,162$865$637$489
26 years$1,928$1,452$1,078$791$574$434
27 years$1,836$1,366$1,001$724$518$387
28 years$1,752$1,287$930$663$467$344
29 years$1,673$1,215$866$608$422$307
30 years$1,600$1,147$807$558$381$273
31 years$1,532$1,084$752$512$344$244
32 years$1,468$1,026$702$471$312$217
33 years$1,408$972$655$433$282$194
34 years$1,351$921$612$399$255$173
35 years$1,298$873$572$367$231$155
36 years$1,248$829$535$338$210$138
37 years$1,201$787$501$311$190$123
38 years$1,157$748$469$287$172$110
39 years$1,115$712$440$265$156$99
40 years$1,075$677$412$244$142$88
41 years$1,037$644$386$225$128$79
42 years$1,001$614$362$208$117$70
43 years$966$585$340$192$106$63
44 years$934$557$319$177$96$56
45 years$903$532$300$164$87$50
46 years$873$507$282$151$79$45
47 years$845$484$264$140$72$40
48 years$818$462$249$129$65$36
49 years$792$441$234$119$59$32
50 years$767$421$220$110$54$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $786,000, adding $3,087 every year, while hoping to spend $38,198 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: 43/43/14 Blend
65$786,000$786,000$786,000$786,000
66$869,356$827,698$815,515$903,078
67$917,388$827,613$802,193$926,924
68$969,039$826,244$787,143$948,693
69$1,024,638$823,486$770,270$971,446
70$1,084,546$819,232$751,468$995,289
71$1,149,159$813,364$730,632$1,020,343
72$1,218,914$805,759$707,649$1,046,742
73$1,294,288$796,286$682,400$1,074,637
74$1,375,809$784,808$654,764$1,104,197
75$1,464,054$771,176$624,611$1,135,612
76$1,559,659$755,235$591,807$1,169,093
77$1,663,323$736,821$556,212$1,204,877
78$1,775,816$715,759$517,679$1,243,228
79$1,897,982$691,864$476,054$1,284,442
80$2,030,752$664,941$431,177$1,328,848
81$2,175,148$634,782$382,881$1,376,814
82$2,332,296$601,170$330,991$1,428,748
83$2,503,435$563,871$275,323$1,485,107
84$2,689,927$522,643$215,688$1,546,399
85$2,893,272$477,225$151,887$1,613,189
86$3,115,121$427,345$83,710$1,686,106
87$3,357,291$372,712$10,942$1,765,850
88$3,621,782$313,022$0$1,853,197
89$3,910,795$247,951$0$1,958,977
90$4,226,755$177,159$0$2,076,575
91$4,572,330$100,286$0$2,205,458
92$4,950,458$16,951$0$2,346,846
93$5,364,376$0$0$2,502,090
94$5,817,646$0$0$2,707,347
95$6,314,192$0$0$2,941,084
96$6,858,335$0$0$3,197,327
97$7,454,833$0$0$3,478,328
98$8,108,928$0$0$3,786,569
99$8,826,393$0$0$4,124,785
100$9,613,584$0$0$4,495,987