Can I retire at age 66 with 789,000?

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 $789,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$65,155$64,575$64,008$63,456$62,916$62,625
2 years$32,255$31,654$31,072$30,508$29,960$29,666
3 years$21,290$20,686$20,106$19,546$19,008$18,720
4 years$15,808$15,207$14,632$14,082$13,557$13,277
5 years$12,520$11,922$11,355$10,816$10,305$10,036
6 years$10,329$9,735$9,176$8,650$8,154$7,894
7 years$8,764$8,176$7,626$7,112$6,632$6,382
8 years$7,591$7,008$6,467$5,966$5,502$5,261
9 years$6,679$6,102$5,570$5,082$4,633$4,403
10 years$5,950$5,378$4,856$4,380$3,948$3,727
11 years$5,354$4,788$4,275$3,812$3,395$3,184
12 years$4,858$4,298$3,794$3,344$2,942$2,741
13 years$4,438$3,884$3,390$2,952$2,566$2,373
14 years$4,079$3,530$3,046$2,621$2,249$2,066
15 years$3,768$3,225$2,750$2,337$1,980$1,806
16 years$3,496$2,959$2,493$2,093$1,750$1,584
17 years$3,256$2,725$2,269$1,880$1,552$1,394
18 years$3,043$2,518$2,071$1,694$1,380$1,230
19 years$2,853$2,334$1,896$1,531$1,230$1,088
20 years$2,682$2,169$1,740$1,387$1,098$964
21 years$2,527$2,020$1,600$1,258$983$856
22 years$2,387$1,885$1,475$1,144$881$761
23 years$2,259$1,763$1,362$1,042$791$678
24 years$2,142$1,652$1,260$950$711$604
25 years$2,034$1,551$1,167$868$640$539
26 years$1,935$1,457$1,082$794$576$481
27 years$1,843$1,371$1,005$726$520$430
28 years$1,759$1,292$934$666$469$385
29 years$1,680$1,219$869$610$423$345
30 years$1,606$1,151$810$560$382$309
31 years$1,537$1,088$755$514$346$277
32 years$1,473$1,030$704$473$313$248
33 years$1,413$975$658$435$283$222
34 years$1,356$924$614$400$256$200
35 years$1,303$877$574$368$232$179
36 years$1,253$832$537$339$210$161
37 years$1,206$790$503$312$191$144
38 years$1,161$751$471$288$173$130
39 years$1,119$714$441$266$157$117
40 years$1,079$680$414$245$142$105
41 years$1,041$647$388$226$129$94
42 years$1,005$616$364$209$117$85
43 years$970$587$341$193$106$76
44 years$937$560$320$178$96$68
45 years$906$534$301$164$88$61
46 years$877$509$283$152$79$55
47 years$848$486$265$140$72$50
48 years$821$464$249$129$66$45
49 years$795$443$234$120$60$40
50 years$770$423$220$111$54$36

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $789,000, adding $5,856 every year, while hoping to spend $38,086 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: 46/30/24 Blend
65$789,000$789,000$789,000$789,000
66$875,518$833,701$821,472$909,521
67$924,298$834,030$808,468$934,370
68$976,777$833,097$793,752$957,117
69$1,033,292$830,803$777,226$981,037
70$1,094,213$827,038$758,789$1,006,255
71$1,159,947$821,687$738,333$1,032,917
72$1,230,941$814,629$715,746$1,061,183
73$1,307,686$805,735$690,913$1,091,231
74$1,390,721$794,867$663,710$1,123,263
75$1,480,640$781,881$634,009$1,157,501
76$1,578,095$766,622$601,678$1,194,196
77$1,683,802$748,929$566,576$1,233,624
78$1,798,551$728,627$528,557$1,276,095
79$1,923,209$705,536$487,470$1,321,953
80$2,058,731$679,461$443,154$1,371,583
81$2,206,164$650,198$395,443$1,425,410
82$2,366,666$617,530$344,163$1,483,908
83$2,541,506$581,230$289,133$1,547,606
84$2,732,084$541,054$230,163$1,617,090
85$2,939,937$496,746$167,054$1,693,008
86$3,166,761$448,037$99,600$1,776,085
87$3,414,420$394,640$27,586$1,867,122
88$3,684,966$336,253$0$1,967,009
89$3,980,660$272,556$0$2,089,348
90$4,303,989$203,213$0$2,230,977
91$4,657,692$127,868$0$2,386,101
92$5,044,787$46,143$0$2,556,129
93$5,468,593$0$0$2,742,619
94$5,932,769$0$0$2,961,276
95$6,441,341$0$0$3,217,628
96$6,998,746$0$0$3,498,687
97$7,609,868$0$0$3,806,930
98$8,280,088$0$0$4,145,083
99$9,015,332$0$0$4,516,146
100$9,822,127$0$0$4,923,429