Can I retire at age 66 with 788,000?

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 $788,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$65,072$64,493$63,927$63,375$62,836$61,643
2 years$32,214$31,614$31,033$30,469$29,922$28,725
3 years$21,263$20,660$20,080$19,522$18,984$17,819
4 years$15,788$15,187$14,613$14,064$13,539$12,417
5 years$12,504$11,907$11,340$10,803$10,292$9,215
6 years$10,316$9,723$9,165$8,639$8,144$7,113
7 years$8,753$8,165$7,616$7,103$6,623$5,639
8 years$7,582$6,999$6,459$5,958$5,495$4,557
9 years$6,671$6,094$5,563$5,075$4,627$3,736
10 years$5,943$5,372$4,850$4,375$3,943$3,096
11 years$5,348$4,782$4,270$3,807$3,391$2,588
12 years$4,852$4,292$3,789$3,340$2,938$2,179
13 years$4,433$3,879$3,386$2,948$2,562$1,844
14 years$4,074$3,526$3,042$2,617$2,246$1,568
15 years$3,763$3,221$2,746$2,334$1,978$1,339
16 years$3,491$2,955$2,490$2,090$1,748$1,146
17 years$3,252$2,721$2,266$1,878$1,550$984
18 years$3,039$2,515$2,068$1,692$1,378$847
19 years$2,849$2,331$1,894$1,529$1,228$731
20 years$2,678$2,166$1,738$1,385$1,097$631
21 years$2,524$2,017$1,598$1,257$982$546
22 years$2,384$1,883$1,473$1,143$880$472
23 years$2,256$1,761$1,360$1,041$790$410
24 years$2,139$1,650$1,258$949$710$355
25 years$2,032$1,549$1,165$867$639$309
26 years$1,933$1,455$1,081$793$576$268
27 years$1,841$1,370$1,003$726$519$233
28 years$1,756$1,291$933$665$468$203
29 years$1,677$1,218$868$610$423$176
30 years$1,604$1,150$809$559$382$153
31 years$1,535$1,087$754$514$345$134
32 years$1,471$1,029$703$472$312$116
33 years$1,411$974$657$434$283$101
34 years$1,355$923$614$400$256$88
35 years$1,302$876$574$368$232$77
36 years$1,252$831$537$339$210$67
37 years$1,204$789$502$312$190$59
38 years$1,160$750$470$288$173$51
39 years$1,117$713$441$265$157$44
40 years$1,077$679$413$245$142$39
41 years$1,039$646$387$226$129$34
42 years$1,003$615$363$208$117$30
43 years$969$586$341$192$106$26
44 years$936$559$320$178$96$22
45 years$905$533$300$164$87$20
46 years$875$508$282$151$79$17
47 years$847$485$265$140$72$15
48 years$820$463$249$129$65$13
49 years$794$442$234$119$59$11
50 years$769$422$220$110$54$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $788,000, adding $6,605 every year, while hoping to spend $43,377 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: 37/49/14 Blend
65$788,000$788,000$788,000$788,000
66$875,189$833,425$821,211$903,607
67$918,306$828,110$802,569$919,277
68$964,366$821,081$781,848$931,543
69$1,013,625$812,208$758,934$943,851
70$1,066,362$801,353$733,705$956,227
71$1,122,882$788,370$706,036$968,702
72$1,183,522$773,106$675,793$981,315
73$1,248,649$755,396$642,840$994,111
74$1,318,668$735,067$607,032$1,007,147
75$1,394,022$711,936$568,218$1,020,486
76$1,475,200$685,808$526,241$1,034,206
77$1,562,735$656,478$480,935$1,048,394
78$1,657,217$623,728$432,129$1,063,154
79$1,759,291$587,329$379,644$1,078,606
80$1,869,668$547,037$323,290$1,094,886
81$1,989,127$502,594$262,873$1,112,154
82$2,118,526$453,730$198,188$1,130,588
83$2,258,809$400,156$129,021$1,150,396
84$2,411,014$341,570$55,149$1,171,812
85$2,576,280$277,649$0$1,195,102
86$2,755,862$208,056$0$1,224,108
87$2,951,141$132,432$0$1,264,654
88$3,163,636$50,399$0$1,308,919
89$3,395,016$0$0$1,357,379
90$3,647,121$0$0$1,431,294
91$3,921,973$0$0$1,541,605
92$4,221,800$0$0$1,662,044
93$4,549,053$0$0$1,793,609
94$4,906,430$0$0$1,937,397
95$5,296,900$0$0$2,094,618
96$5,723,733$0$0$2,266,603
97$6,190,530$0$0$2,454,818
98$6,701,254$0$0$2,660,877
99$7,260,269$0$0$2,886,558
100$7,872,382$0$0$3,133,818